Market Research Report
Graphite Market with COVID-19 Impact Analysis, By Type, By Application, By End User and By Region - Size, Share, & Forecast from 2021-2027
|Graphite Market with COVID-19 Impact Analysis, By Type, By Application, By End User and By Region - Size, Share, & Forecast from 2021-2027|
Published: February 1, 2021
AnalystView Market Insights
Content info: 288 Pages
Delivery time: 2-3 business days
The global graphite market was valued at USD 14.23 billion by 2019, growing with 6.1% CAGR during the forecast period, 2021-2027.
Graphite is a carbon-based mineral which has a wide range of applications including automotive electric vehicle, foundry & refractories, lubricating agent, construction applications and many others. Increasing sale of electric vehicles that uses graphite in the battery due to surge in government support, initiatives, and schemes has impelled the graphite market growth. For instance, globally as per the International Energy Agency in 2019, electric vehicle sales crossed 5.1 million units which are increasing at the rate of 2 million per year. It created a massive demand for the graphite market around the globe.
Graphite has several advantages including ease to the machine, reduces wear, thermal shock resistance, high metal removal rate, and reduces weight. Graphite also possesses certain metallic properties including high strength, high stiffness, a good conductor of electricity & heat, and others.
Increasing demand for graphite in several manufacturing industries including electronics, automotive, metallurgy, and aerospace & defense for producing machines, plants, and power distribution systems has stipulated the market growth. Also, increasing graphite production around the globe due to the surge in the global manufacturing industry's demand for graphite has impelled the market growth. For instance, as per the U.S. Department of the Interior Organization, Graphite consumption in the United States in 2019 reached more than 40,000 tons which were valued at an estimated US$ 37 million. It created a massive demand for the growth of the graphite market around the globe.
The graphite market is segmented on the basis of type, application, end-user, and region.
In terms of the type, the global graphite market is divided into synthetic graphite and natural graphite. Among these, the synthetic graphite segment has the highest market share in 2020, this is primarily due to the rising demand for the automation components, electronics devices require in the global production process. Increasing smart technology adoption for scalable, reliable, and faster communication across the manufacturing industries with a surge in government initiatives has propelled the market growth.
Based on application, the global graphite market is classified as batteries, refractories & foundries, electrodes, lubricants, and others. Among these, the batteries segment has the highest market share in 2020, this is primarily due to the increasing sale of the electric vehicles owing to government favorable schemes and initiatives.
In terms of the end-user, the global graphite market is classified as electronics, automotive, metallurgy, aerospace & defense, and others.
Several leading manufacturers related to the automotive, electronics, etc. are expanding the production capacities by adopting advanced technology may create a huge opportunity for the growth of the graphite market. Also, the global leading manufacturers of graphite are adopting several strategies including mergers, acquisitions, partnerships, and collaboration to enhance the production capacity may create ample opportunity for the growth of this market. For instance, on 7th Jan 2020, Showa Denko, Japan's third-largest chemical company has completed the acquisition of Hitachi Chemical for around US$8.8 billion. It created a massive demand for the growth of the graphite market around the globe.
Key features of the study:
SCOPE OF THE REPORT
The scope of this report covers the market by its major segments, which include as follows:
GLOBAL GRAPHITE MARKET KEY PLAYERS
Beijing Great Wall Co. Ltd.
Hebbel Rubang Carbon Products Co. Ltd.
Graphite India Limited
Huarui Carbon New Material Co. Ltd.
Syrah Resources Limited
Showa Denko K. K.
BTR New Energy Materials Inc
Lianyungang Jinli Carbon Co. Ltd.
Qingdao Guangxing Electronic Materials Co. Ltd
Qingdao Black Dragon Graphite Co. Ltd.
GLOBAL GRAPHITE MARKET, BY TYPE
GLOBAL GRAPHITE MARKET, BY APPLICATION
Refractories & Foundries
GLOBAL GRAPHITE MARKET, BY END-USER
Aerospace & Defense
GLOBAL GRAPHITE MARKET, BY REGION
Rest of Europe
Rest of APAC
Rest of LATAM
The Middle East and Africa
United Arab Emirates
Rest of MEA
List of Tables
List of Figures