Graphite is a naturally-occurring form of crystalline carbon. It is extremely soft, cleaves with very light pressure, and has a very low specific gravity. Graphite’s high thermal stability and electrical and thermal conductivity properties has use in manufacturing electrodes and refractories in high temperature steelmaking process applications. Crystalline are high valued in industrial applications for their self-lubricating and dry lubricating properties These extreme properties give it a wide range of uses in automobile, metallurgy, moderator rods, pencil production, coatings and batteries.
As per our analysis, some of the prominent market factors and trends identified in the Global Graphite Market include rising steelmaking where Graphite is used in the refractory lining, and rising demand for fuel efficient aircrafts by using graphite made materials and are lightweight. To decrease the vehicular greenhouse gas emissions, the world is shifting towards vehicles which are electrically driven. Graphite is a crucial compound in lithium ion powered batteries. Increasing demand for electrically driven vehicles which use lithium ion batteries is anticipated in the forecast period. Additionally, Graphite is an important material used in gaskets, clutch materials, motors, exhaust systems and cylinder heads of automobiles. Moreover, demand for graphite is predicted to witness significant growth over the assessment period due to surging construction industry. Rising steel production across the globe is anticipated to be an important driver for Graphite Market during the review period. Increasing aircraft production and sales along with rising consumption of Graphite materials which are lightweight and fuel saver is estimated to propel the growth of the market. Graphite is used in nuclear moderator production. Furthermore, increasing radioactive elements mining coupled with increasing nuclear energy in emerging economies is predicted to propel the growth of the market during the assessment period, 2017 to 2023. However, implementation of strict regulations by various government bodies have restricted the use of radioactive elements, which is expected to hamper the growth of the nuclear use which in turn affects the Graphite Market moderately.
Some of the prominent players operating in the Global Graphite Market are Triton Minerals Limited (Australia), Hexagon Resources Limited (Australia), Mason Graphite Inc. (Canada), Focus Graphite Inc. (Canada), NextSource Materials Inc. (Canada), SGL Carbon SE (Germany), Mersen S.A. (France), GrafTech International Ltd. (U.S.), Graphite India Limited (India), and HEG Limited (India), among others.
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The Global Graphite Market is categorized on the basis Of form, Application by Form Type, and Region.
On the basis of Form, the market is bifurcated into amorphous, and synthetic.
On the basis of application by form type, the amorphous Graphite Market is categorized into metallurgy, pencil production, refractories, coatings, and lubricants.
On the basis of Application by Form Type, synthetic Graphite Market is segmented into aerospace, batteries, carbon brushes, electrodes, and moderator rods.
On the basis of Region, the market is categorized into Asia Pacific, Europe, Latin America, North America, and the Middle East & Africa.
The Global Graphite Market consists of five regions: Asia Pacific, Europe, Latin America, North America, and the Middle East & Africa. Among these, Asia Pacific is predicted to grow with the highest CAGR during the review period, 2017 to 2023 on account of expanding steelmaking industry. Moreover, Graphite is used in refractory lining in the steelmaking industry. Government investments in new construction projects on account of urbanization and rising middle class population and their disposable income to spend on lodging are the factors demanding to setup new steelmaking capacities in the forecast period.
North American Graphite Market is predicted to witness a tremendous growth on account of high nuclear energy consumption, increasing nuclear energy production capacities, and rising economic growth rate. In North American region, the U.S. is predicted to be the major contributor in the regional growth of Graphite Market and is expected to see a significant demand for Graphite during the forecast period, 2017 to 2023. As of 2016, the U.S accounts for the largest market share and is followed by Canada in terms of value & volume and is estimated to grow with the moderate CAGR on account of growth in production of vehicular batteries and automobile parts. Furthermore, there is an increasing demand for light weighted Graphite materials in aerospace industry in the U.S. defense sector. Major share in the annual budget holds for the defense sector to encourage innovation and improvisation. Graphite materials has an opportunity to increase the market in the forecast period. In Europe, the demand for Graphite is predicted to grow in various countries such as Italy, Germany, Spain, U.K, France, and Russia on account of increasing expenditure in innovation and growing purchasing power of consumers. Moreover, presence of major automobile manufacturers specifically in Germany is expected to give a new impetus to the market growth. The Middle East countries has centered themselves as a tourism hub. Many construction projects in the forecast period is anticipated to fuel the graphite market. Latin American countries such as Argentina, Colombia, and Brazil are also predicted to witness substantial growth owing to increasing consumer spending on passenger cars as well as involvement of new technologies and inventions in graphite.
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