[Online Quarterly Update] Graphite is a naturally occurring allotrope of Carbon element which comes in soft hexagonal crystalline form. Its market has shown considerable growth in the historic years and its demand has reached 2,892 thousand tonnes in 2021 with a healthy CAGR of 5.24%. In terms of Value, the market value is USD 29.04 billion in 2022 from USD 16.04 billion in 2017. This is attributed to the rising consumption of Graphite in the number of end user industries such as Electronics, Metallurgy, Automotive & Various Other sectors.
Graphite has excellent properties of thermal shock resistance. Despite being a non-metal, it is stiff, has better strength & is a good conductor of heat and electricity. It has numerous advantages such as it is easy to machinery, reduces wear, thermal shock resistant, has high metal removal rate & others. By type, its market is segmented into Natural Graphite and Synthetic Graphite. Natural Graphite in its flake form is used to make expanded graphite which have applications in Li-ion batteries. Its market is projected to show remarkable growth in forecasted years owing to the rising demand & sale of electric vehicles. Synthetic Graphite accounts for around 60% of overall demand of graphite. It is used in electric arc furnace technology for Steel production which owes to its burgeoning demand. It is anticipated that its dominance will remain elevated in the coming years attributed to the fledgling Building & Construction industry which will demand Steel.
Among the key end user sectors, Metallurgy segment which includes electrodes, refractories, casting and foundry is anticipated to dominate the graphite market. Surging demand for graphite for the steel industry is likely to drive the demand in the forthcoming years. The arc furnace technologies utilize Graphite electrodes in the manufacturing of Steel, Silicon & Ferroalloys. Crucibles & mag-carbon bricks are manufactured using graphite in refractories. It is the most desired battery anode material for rechargeable batteries and the battery segment is predicted to create an incremental opening worth US$4.6 Bn between 2020 and 2025. Other applications are in lubricants sector. Thereby, progress in these end-user industries is estimated to boost the market in the forecast period. On the other side, strict environmental regulations associated with the Steel production & the development of substitute anode materials for lithium-ion batteries may hinder its market growth in the forecast period.
The Global Graphite market grew at a stable pace during the historical years. However, there was a slight decline in demand due to the coronavirus pandemic owing to the logistics slowdown and unavailability of the labour force across the world. In the year 2020, Electronics & Automotive sector suffered setback due to limitations imposed on them & as a result, there was a fall in the demand of Graphite. All the industries have continued their operations of which Metallurgy, Electronics and Automobile sector are improving and growing rapidly and in upcoming years they are likely to push the demand for Graphite especially in the developing region of APAC. Graphite is considered as a material of green energy and technology
Among different regions, Asia Pacific holds the major share in the Graphite market followed by North America & Europe. The Asia Pacific region is likely to lead the market for the forecast period supported by growing infrastructure, rising demand from Metal industry coupled with growing usage of graphite in green technologies and the popularity of graphene. The global graphite market is propelled by the high demand for lithium-ion battery industry and significant steel production through graphite electrode electric arc furnace. India is third largest producer of steel and iron in APAC region. Favoured by government policies such as National Steel Policy (NSP), the Indian market is more likely to show a growth in the coming years. India, China & Southeast Asia is undergoing rapid industrial development & there is an increasing consumption of graphite in the wind, automotive, electrical & electronics industry. Owing to all these, APAC region will remain the highest consumer of graphite.
The key players operating in the Graphite market include GrafTech International Ltd (U.S.), Graphite India Limited (GIL) (India), Triton Minerals Limited (Australia), Mason Graphite Inc. (Canada), SGL Carbon SE (Germany), Shenzhen BTR New Energy and Materials Company Limited (China), Showa Denko Materials Co. Limited (Japan). & Qingdao Haida Graphite Co., Limited (China) among others.
Years considered for this report:
Historical Period: 2015-2035
Base Year: 2021
Estimated Year: 2022
Forecast Period: 2022–2035
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Objective of the Study:
• To assess the demand-supply scenario of Graphite which covers production, demand and supply of Graphite market globally.
• To analyse and forecast the market size of Graphite.
• To classify and forecast Graphite market based on end-use, company share and regional distribution.
• To identify drivers and challenges for Graphite market.
• To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in Graphite market.
• To identify and analyse the profile of leading players involved in the manufacturing of Graphite
To extract data for Graphite market, primary research surveys were conducted with Graphite manufacturers, suppliers, distributors, wholesalers, and end users. While interviewing, the respondents were also inquired about their competitors. Through this technique, ChemAnalyst was able to include manufacturers that could not be identified due to the limitations of secondary research. Moreover, ChemAnalyst analyzed various end user segments and projected a positive outlook for Global Graphite market over the coming years.
ChemAnalyst calculated Graphite demand globally by analyzing the historical data and demand forecast which was carried out considering imported Graphite, Graphite prices, ChemAnalyst sourced these values from industry experts and company representatives and externally validated through analyzing historical sales data of respective manufacturers to arrive at the overall market size. Various secondary sources such as company websites, association reports, annual reports, etc., were also studied by ChemAnalyst.
Key Target Audience:
• Graphite manufacturers and other stakeholders
• Organizations, forums, and alliances related to Graphite distribution
• Government bodies such as regulating authorities and policy makers
• Market research organizations and consulting companies
The study is useful in providing answers to several critical questions that are important for industry stakeholders such as Graphite manufacturers, customers and policy makers. The study would also help them to target the growing segments over the coming years (next two to five years), thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.
Report Scope:
In this report, Graphite market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
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Attribute
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Details
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Growth Rate
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CAGR of 5.24% from 2022 to 2035
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Base year for estimation
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2021
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Historic Data
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2015 – 2020
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Forecast period
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2023 – 2035
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Quantitative units
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Demand in Million Tonnes and CAGR from 2022 to 2035
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Report coverage
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Revenue forecast, demand & supply, competitive analysis, competitive landscape, growth factors, and trends
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Segments covered
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1. Company Share By Demand
2. End-Use (Construction, Automotive, Electronics and Others)
3. Sales Channel (Direct Company Sale, Direct Import, Distributors & Traders)
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Regional scope
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North America; Europe; Asia Pacific; South America; Middle East & Africa
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Country scope
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United States; Mexico; Canada; China; India; Japan; South Korea; Taiwan; Singapore; Germany; Belgium; France; United Kingdom; Spain; Italy; Sweden; Austria; Saudi Arabia; Iran; South Africa; Brazil; Argentina
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Key companies profiled
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GrafTech International Holdings Inc. (U.S.), Graphite India Ltd. (India), Triton Minerals Ltd. (Australia), Mason Graphite, Inc. (Canada), and SGL Group (Germany), Shenzhen BTR New Materials, Showa Denko Materials Co. Ltd. & Qingdao Haida Graphite Co., Ltd. & others.
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Customization scope
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Free report customization with purchase. Addition or alteration to country, regional & segment scope.
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Pricing and purchase options
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Available Customizations:
With the given market data, ChemAnalyst offers customizations according to a company’s specific needs.
In case you do not find what, you are looking for, please get in touch with our custom research team at sales@chemanalyst.com
