Market Insights
Graphite is flexible and has both metallic and non-metallic properties, making it suitable for diverse industrial applications. Non-metallic properties include chemical inertness, high thermal resistance, and lubricity, whereas metallic properties include thermal and electrical conductivity. The global graphite market is segmented into natural graphite and synthetic graphite.
Based on the application, the global graphite market is divided into refractories, lubricants and crucibles, foundry facing, batteries, and others. According to industry experts, refractories are expected to remain the key driver for the graphite market, coupled with increasing demand for batteries and foundries owing to rapid industrialization, especially in Asian countries.
Other factors, such as growing demand for graphite in the steel industry and increasing use of graphite in the automotive industry, power generation, conductors, batteries, electronics industries, and other applications, are also expected to drive the growth of graphite during the forecast period. The global graphite market is segmented by geography into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa regions.
In 2015, Asia Pacific was observed as the largest and fastest-growing market for graphite. Due to increasing industrialization and development in the automotive sector in China, India, Japan, and South Korea over the past few years, graphite has gained popularity in Asian countries.
According to the United States Geological Survey (USGS), China is the world’s leading supplier of natural graphite (flake and amorphous), with approximately 67% of global production, followed by India, Brazil, Canada, and North Korea, collectively accounting for around 25% of the global graphite production.
The key trends observed in the industry are Chinese flake graphite developments, rising synthetic graphite production, the ongoing shift to alternative energy influences the global graphite market, the global graphite market is expected to increase steadily, the rise of technologically advanced applications of graphite, and so on.
Key manufacturers in the graphite market include AMG Advanced Metallurgical Group N.V., Graphite India Limited, GrafTech International Limited, HEG Ltd., Toyo Tanso Co. Ltd., Tokai Carbon Co. Ltd., Showa Denko K.K., SGL Carbon SE., and SEC Carbon Ltd.The graphite market is expected to exceed US$ 20.8 billion by 2023, growing at a CAGR of 3.8% between 2016 and 2023.
Purpose of the Report
The purpose of this strategic research study titled “Global Graphite Market: Growth, Future Prospects, and Competitive Analysis, 2016–2023” is to offer industry investors, company executives, and industry participants in-depth insights to enable them to make informed strategic decisions related to the opportunities in the global graphite market.
Target Audience
- Industry Investors
- Procurement Managers from End User Companies
- Graphite Manufacturers
- Distributors
On the basis of its application, the graphite market is categorized into the following segments:
- Refractories
- Lubricants and Crucible
- Foundry Facing
- Batteries
- Others
Global graphite market revenue is expected to grow at a significant rate of 4% over the forecast period of 2016–2023. Based on the application, the global graphite market is divided into refractories, lubricants and crucibles, foundry facing, batteries, and other applications. Growing demand for lithium-ion batteries in electric vehicles and other electronic devices is expected to drive the growth of the graphite market over the forecast period.
According to industry experts, refractories are expected to remain the key driver for the graphite market, coupled with increasing demand for batteries and foundry facing owing to rapid industrialization, especially in Asian countries, which is anticipated to fuel the growth of the graphite market. Increasing demand for graphite, especially in the Asia Pacific, due to rapid population growth in emerging economies such as India and China is anticipated to fuel demand for the global graphite market over the forecast period of 2016–2023.
Other factors, such as growing demand for graphite in the steel industry and increasing use of graphite in the automotive industry, power generation, conductors, batteries, electronics industries, and other applications, are also expected to drive the growth of graphite during the forecast period.
On the basis of geography, the global graphite market is segmented into the following categories:
- North America
- Europe
- Germany
- France
- Italy
- U.K.
- Russia
- Rest of Europe
- Asia-Pacific
- India
- China
- Japan
- Rest of Asia-Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East and Africa
- GCC Countries
- South Africa
- Rest of Middle East and Africa
The global graphite market is segmented by geography into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa regions. In 2015, Asia Pacific was observed as the largest and fastest-growing market for graphite. Due to increasing industrialization and development in the agricultural sector in China, India, Japan, and South Korea over the past few years, the use of graphite in many applications, like batteries, refractories, etc., is gaining popularity in Asian countries.
The market for graphite in Latin America, the Middle East, and Africa is likely to grow considerably during the forecast period owing to an increase in the utilization of graphite in many industrial applications. Ongoing shifts to alternative energy influence the world market for graphite.
