Graphite Market Size, Share, Growth, Trend, Demand, Top Players, Opportunities and Forecast to 2025
Category: #business  By Partha Ray  Date: 2020-07-07
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Graphite Market Size, Share, Growth, Trend, Demand, Top Players, Opportunities and Forecast to 2025

According to the research report titled ‘Global Graphite Market (2019 Edition): World Market Review By Type, By Application: Opportunities and Forecast (2019-2024)’, available with Market Study Report LLC, global graphite market was worth USD 17613.94 million in 2018 and is expected to grow significantly by the year 2024.

Rising adoption of graphite in various applications such as electric and hybrid vehicles as well as in lithium ion batteries is a major factor driving the market growth. Growing demand for high-quality graphite in fuel cell & battery applications is further aiding the market expansion. Inclination towards using graphite for lightweight materials in aircraft parts and increasing mining activities are also stimulating the industry outlook.

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As per type, global graphite market is split into synthetic and natural. The report states that synthetic graphite market segment is predicted to expand substantially during the forecast period. The product offers better consistency as well as high purity as compared to its counterpart. Rising adoption of graphite in electronics industries, nuclear industry, and for manufacturing carbon fibers is fueling the segmental share.

Considering the geographical landscape, worldwide graphite market is divided into regions namely, North America, Asia-Pacific, and Europe with primary focus on Canada, U.S., Japan, India, China, European countries, and Rest of the World.

As per the report, Asia-Pacific graphite industry is anticipated to showcase considerable growth in the forthcoming years. Rising production of electric & hybrid vehicles in consort with increasing infrastructural development and construction activities are augmenting the regional demand. Growing demand for graphite in numerous applications and proliferating electronic devices, laptops, and smartphone industry is also impacting the business dynamics in Asia-Pacific.

The prominent companies operating in global graphite market are Toray Industries Inc., SGL Carbon SE, Showa Denko K. K., Asbury Graphite Mills Inc. and AMG Advanced Metallurgical Group NV among others.

Question & Answer: Graphite Market

Question 1: Why is global graphite market witnessing continuous expansion?

Answer: Rising adoption of graphite in various applications such as electric and hybrid vehicles as well as in lithium ion batteries coupled with inclination towards using graphite for lightweight materials in aircraft parts and increasing mining activities are stimulating the industry outlook.

Question 2: What factors are augmenting the demand for synthetic graphite products?

Answer: Rising adoption of graphite in electronics industries, nuclear industry, and for manufacturing carbon fibers is fueling the segmental share.

Question 3: How will Asia-Pacific develop to be a major revenue pocket for global graphite market?

Answer: Rising production of electric & hybrid vehicles, increasing infrastructural development and construction activities, growing demand for graphite in numerous applications and proliferating electronic devices, laptops, and smartphone industry will positively influence the product demand in Asia-Pacific.

Question 4: Which companies define the competitive terrain of global graphite market?

Answer: The prominent companies operating in global graphite market are Toray Industries Inc., SGL Carbon SE, Showa Denko K. K., Asbury Graphite Mills Inc. and AMG Advanced Metallurgical Group NV among others.

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About Author

Partha Ray    

Partha Ray

Partha is into digital marketing since the last 3 years and has worked on multiple projects across various industries. An Computer Science engineer by education, he has prior experience in software development. His other interests include playing cricket & Hockey.

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