The global graphite market is
segmented into type such as natural graphite and synthetic graphite. Among
these segments, synthetic graphite segment is expected to occupy the top
position in global graphite market. Further, increasing demand for synthetic
graphite in energy and metal fabrication industry is expected to supplement the
growth of global
synthetic graphite market. Synthetic graphite market is further segmented
into graphite electrodes, graphite powder, cathode blocks and specialty graphite,
out of which, graphite electrodes accounted for the largest market share in
2016.
Global graphite market is
expected to flourish at a significant CAGR of 10.5% over the forecast period. Moreover,
the global graphite market was held at USD 15.2 Billion by the end of 2024. Factors
such as increasing sale of electric vehicles and development of technologically
advanced graphite material are expected to drive the growth of the global graphite
market.
Asia Pacific is slated to
account for a leading share in the graphite market during the forecast period.
The growth in the region is anticipated to be fostered by the presence of
mining industries in the region. Besides, adoption of electrical vehicles is
also expected to impel the growth of graphite market in the Asia Pacific. North
America is expected to showcase modest growth over the forecast period i.e.
2017-2024. Increasing adoption of graphite products in the aerospace industry
is the major factor which is fuelling the demand for graphite market in the
North America region.
Favorable
Government Initiatives
Increasing inclination towards
the production of environment friendly electricity is also a key factor behind
the growth of the graphite market. According to World Wind Energy Association,
new establishments of wind energy were held 21.7 GW in 2016. Moreover, wind
energy capacity installation is anticipated to witness high growth during the
forecast period. This factor is expected to increase the demand and sale of
flow batteries and drive the growth of global graphite market.
Wide
Scale Application
Development and increasing sale
of innovative and disruptive consumer electronic products such as wearable
devices is anticipated to accelerate the growth of the graphite market during
the forecast period. Further, rising demand of lithium ion batteries in
automotive industry owing to increasing sale of electric vehicles across the
globe is anticipated to accelerate the growth of the global graphite market.
However, limited number of
mines and high extraction cost of graphite is expected to hamper the growth
of the global graphite market.
The report titled “Graphite Market: Global Demand
Analysis & Opportunity Outlook 2024”
delivers
detailed overview of the global graphite market in terms of market segmentation
by product type, by application, by end user and by region.
Further, for the in-depth
analysis, the report encompasses the industry growth drivers, restraints, supply
and demand risk, market attractiveness, BPS analysis and Porter’s five force
model.
This report also provides the
existing competitive scenario of some of the key players of the global graphite
market which includes company profiling of SGL Carbon SE, Showa Denko K.K., AMG
Advanced Metallurgical Group N.V., Cabot Corporation, Graphite India Limited, Toyo
Tanso Co. Ltd., Hexcel Corporation, SEC Carbon Ltd., Tokai Carbon Co.Ltd. and
HEG Ltd. The profiling enfolds key information of the companies which
encompasses business overview, products and services, key financials and recent
news and developments. On the whole, the report depicts detailed overview of
the global graphite market that will help industry consultants, equipment
manufacturers, existing players searching for expansion opportunities, new
players searching possibilities and other stakeholders to align their market
centric strategies according to the ongoing and expected trends in the future.
About Research
Nester
Research Nester is a leading service provider for
strategic market research and consulting. We aim to provide unbiased,
unparalleled market insights and industry analysis to help industries,
conglomerates and executives to take wise decisions for their future marketing
strategy, expansion and investment etc. We believe every business can expand to
its new horizon, provided a right guidance at a right time is available through
strategic minds. Our out of box thinking helps our clients to take wise
decision so as to avoid future uncertainties.
Read more Information: https://www.researchnester.com/reports/graphite-market-global-market-size-demand-analysis-opportunity-outlook-2023/181
Contact for more Info:
Ajay
Daniel
U.S.
+1 646 586 9123
U.K.
+44 203 608 5919
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