Global graphite block market value over USD 21 million by 2029 end and register a CAGR of over 5.4% from 2019 to 2029. Graphite block market overlooks high demand due to the dual properties and adaptability increasing its application across various industries. The powerful dynamism of vehicular electrification is plausible to drive and spur growth in the global graphite market for its preferred advanced conductivity which renders it as a prerequisite structure element for lithium-ion batteries. Rising initiatives to increase the incidence and employment of electric vehicles globally. Graphite being a core element, is utilised in the production and manufacturing of these vehicles, which shall augment and expand the graphite block market on a global scale. Technological improvements and expanding the market through different strategies continue to remain bankable resorts resulting in the propeling of the market. To cite an instance, Japan-based graphite electrode provider, Showa Denko is foreseen to invest massively in facility up-gradation across a host of its European sites such as Austria, Spain, and Germany to comply with international standards. Graphite finds striking pertinence in refractories, automotive applications, foundry facing, and the extensive application makes it more popular and drives the growth. Applications in nuclear energy, and fuel cells are expected to further drive market growth during the forecast period. Graphite is used as a lubricant in various industries and finds applications in insulation, paints, and electronic gadgets among other applications. Prophesied healthy growth in the requirement for batteries is presumed to make the batteries segment the most attractive application segment during the forecast period. Showa Denko K.K., Toray Industries, Inc., Teijin Limited, Northern Graphite Corporation, Asbury Carbons are some of the key players in the graphite industry. Graphite Market Key Segments 1. By Type Natural Graphite Amorphous Graphite Flake Graphite Vein Graphite Synthetic Graphite Graphite Electrode Carbon Fiber Graphite Block Graphite Powder Others 2. By Application Lubrication Refractories Foundry Battery Production Others Refractories has been one of the major application segments for synthetic and natural graphite. It is used in linings of bricks and furnaces owing to its properties of high thermal resistance. Furthermore, properties of graphite such as lubricity, high thermal and electrical conductivity, high chemical resistance make it fitting for various end-use applications. Graphite is used as a lubricant and thus with the increasing application, the market is poised to soar in the future. 3. By Region North America Europe Asia Pacific Latin America Rest of the World The market is poised to soar in the developed countries, and the region of North America and Europe is projected to account for major market share. The Asia Pacific region is developing and is foreseen to grow at the highest CAGR. Owing to the tremendous demand for graphite in end-use industries, mining companies are channelizing efforts towards the exploration and development of potential graphite mines in certain parts of the globe, especially in Africa. Furthermore, the slowdown of production in China due to the imposition of various environmental regulations has led to a shift in focus on mining and production of graphite out of China. Competitive Landscape: Tier 1 players- established companies in the market with a major market share Tier 2 players Emerging players which are growing rapidly New Entrants The global graphite market is presumed to be highly competitive, owing to a significant fragmentation in the industry. A large number of firms are present across the value chain which is into the manufacturing of synthetic graphite types. Boom in the natural graphite has also led to a growth in the number of mining companies outside China. Acquisition and augmentation are the strategies followed by these players to maximize their presence in the market. For instance, In 2018 December, Syrah resources announced capacity expansion of flake graphite by 19% at their Balama mine located in Mozambique. FutureWise Takeaways Growth prospects SWOT analysis Key trends Key data points affecting market growth Objectives of the Study: To provide an exhaustive analysis on the global graphite block market by type, by application, and by region To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints) To evaluate and forecast micro-markets and the overall market To predict the market size, in key regions (along with countries)—North America, Europe, Asia Pacific, Latin America, and rest of the world To record evaluate and competitive landscape mapping- product launches, technological advancements, mergers and expansions Profiling of companies to evaluate their market shares, strategies, financials and core competencies Get unlimited analyst support and customise this study further to your requirements, contact sales@futurewiseresearch.com
Global graphite block market value over USD 21 million by 2029 end and register a CAGR of over 5.4% from 2019 to 2029.
Graphite block market overlooks high demand due to the dual properties and adaptability increasing its application across various industries.
The powerful dynamism of vehicular electrification is plausible to drive and spur growth in the global graphite market for its preferred advanced conductivity which renders it as a prerequisite structure element for lithium-ion batteries. Rising initiatives to increase the incidence and employment of electric vehicles globally. Graphite being a core element, is utilised in the production and manufacturing of these vehicles, which shall augment and expand the graphite block market on a global scale.
Technological improvements and expanding the market through different strategies continue to remain bankable resorts resulting in the propeling of the market. To cite an instance, Japan-based graphite electrode provider, Showa Denko is foreseen to invest massively in facility up-gradation across a host of its European sites such as Austria, Spain, and Germany to comply with international standards.
Graphite finds striking pertinence in refractories, automotive applications, foundry facing, and the extensive application makes it more popular and drives the growth. Applications in nuclear energy, and fuel cells are expected to further drive market growth during the forecast period.
Graphite is used as a lubricant in various industries and finds applications in insulation, paints, and electronic gadgets among other applications. Prophesied healthy growth in the requirement for batteries is presumed to make the batteries segment the most attractive application segment during the forecast period.
Showa Denko K.K., Toray Industries, Inc., Teijin Limited, Northern Graphite Corporation, Asbury Carbons are some of the key players in the graphite industry.
Graphite Market Key Segments
1. By Type
2. By Application
Refractories has been one of the major application segments for synthetic and natural graphite. It is used in linings of bricks and furnaces owing to its properties of high thermal resistance. Furthermore, properties of graphite such as lubricity, high thermal and electrical conductivity, high chemical resistance make it fitting for various end-use applications. Graphite is used as a lubricant and thus with the increasing application, the market is poised to soar in the future.
3. By Region
The market is poised to soar in the developed countries, and the region of North America and Europe is projected to account for major market share. The Asia Pacific region is developing and is foreseen to grow at the highest CAGR. Owing to the tremendous demand for graphite in end-use industries, mining companies are channelizing efforts towards the exploration and development of potential graphite mines in certain parts of the globe, especially in Africa. Furthermore, the slowdown of production in China due to the imposition of various environmental regulations has led to a shift in focus on mining and production of graphite out of China.
Competitive Landscape:
The global graphite market is presumed to be highly competitive, owing to a significant fragmentation in the industry. A large number of firms are present across the value chain which is into the manufacturing of synthetic graphite types. Boom in the natural graphite has also led to a growth in the number of mining companies outside China. Acquisition and augmentation are the strategies followed by these players to maximize their presence in the market. For instance, In 2018 December, Syrah resources announced capacity expansion of flake graphite by 19% at their Balama mine located in Mozambique.
FutureWise Takeaways
Objectives of the Study:
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