PUBLISHER: Polaris Market Research | PRODUCT CODE: 1259883
PUBLISHER: Polaris Market Research | PRODUCT CODE: 1259883
The global graphite market size is expected to reach USD 42.21 billion by 2032, according to a new study by Polaris Market Research. The report "Graphite Market Share, Size, Trends, Industry Analysis Report, By Product (Natural Graphite and Synthetic Graphite); By Application; By Region; Segment Forecast, 2023 - 2032" gives a detailed insight into current market dynamics and provides analysis on future market growth.
The pure form of crystalline carbon is called graphite. Graphite is naturally occurring and may be obtained by processing hydrocarbons like coal tar and petroleum. It demonstrates advantageous characteristics, including thermal conductivity, anti-corrosiveness, and high-temperature resistance. Graphite is not a metal by nature, yet it nonetheless possesses certain metal qualities due to its efficiency as a heat and electrical conductor. It is extensively used in the automobile and energy, and power industries and electrical devices like solar panels and batteries. It acquires this structure spontaneously and is the most stable form of carbon under normal circumstances.
Since the developing lithium-ion battery business is anticipated to increase output greatly, this industry is predicted to see considerable market upheavals in the following decades. The steel industry has historically been the main driver of consumption through refractory materials. As more nations worldwide intensify their efforts to promote the production and use of green energy to transition towards a future with lower emissions in the transport and energy sectors, demand for batteries is anticipated to grow strongly, depending on economic factors like market penetration and adoption.
Advancements and exploitations of graphite have witnessed a considerable increase in the current path. This is observed on account of several developmental scenarios such as contained graphite, enterprise value, deposit reserve, and location feasibility & availability. Some other associated factors include the improvisation of the logistics segment, authenticity in product purity, off-take agreements, flake size distribution, and technology development has strengthened the potential of cutting down production timeframe.
The synthetic graphite market segment has the biggest market share because of rising demand from the steel and battery industries.
Refractory is anticipated to take the lead. The segment's expansion may be attributed to the quick industrialization and increased demand for graphite from metal manufacturing, aerospace, automotive, and construction sectors, among others.
Asia Pacific is the largest market, and a substantial portion of revenue was generated there. Due to the fast industrialization of nations like China, India, and Japan and the rising demand for graphite in the automotive, wind, electrical, and electronics sectors, the graphite market in the Asia-Pacific region is expanding.
The global key market players include Toyo Tanso Co. Ltd., Tokai Carbon Co. Ltd., HEG Limited, Graphite India Limited, and Graftech International Ltd.
Polaris Market Research has segmented the graphite market report based on product, application, and region:
Graphite, Product Outlook (Revenue - USD Billion, 2019 - 2032)
Natural Graphite
Synthetic Graphite
Graphite, Application Outlook (Revenue - USD Billion, 2019 - 2032)
Foundry
Refractory
Battery
Lubricant
Others
Graphite, Regional Outlook (Revenue - USD Billion, 2019 - 2032)
North America
U.S.
Canada
Europe
Germany
UK
France
Italy
Spain
Russia
Netherlands
Asia Pacific
China
India
Japan
South Korea
Indonesia
Malaysia
Latin America
Argentina
Brazil
Mexico
Middle East & Africa
UAE
Saudi Arabia
Israel
South Africa
Figure 1 Global Graphite Market, 2019-2032 (USD Billion)
Figure 2 Integrated Ecosystem
Figure 3 Research Methodology: Top-Down & Bottom-Up Approach
Figure 4 Market by Geography
Figure 5 Porter's Five Forces
Figure 6 Market by Application
Figure 7 Global Graphite Market, by Application, 2022 & 2032 (USD Billion)
Figure 8 Market by Product
Figure 9 Global Graphite Market, by Product, 2022 & 2032 (USD Billion)
Figure 10 Graphite Market Assessment, By Geography, 2019-2032 (USD Billion)
Figure 11 Strategic Analysis - Graphite Market