The Global Special GraphiteMarket to reach USD 18.7 Billion by the Year 2024

Posted May 27, 2019 by envision

The overall Graphite market is likely to increase toUSD 18.7 Billion by 2024 at a CAGR of 5.26% from 2018-2024.

According to the new market research report“Global Special Graphite Market- Industry Analysis, Growth, Size, Outlook, Trends and Forecast period (2018 – 2024)”. The overall Graphite market is likely to increase toUSD 18.7 Billion by 2024 at a CAGR of 5.26% from 2018-2024. The Graphite manufacturing is increasing day to day as there is a growth in demand for lithium ion batteries, fuel cells, wind energy industries and in air crafts etc.

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Isotropic graphite holds a major share of Global Graphite Market in the forecast period 2018-2024
High demand for the finer grade carbon materials, accurate and reliable graphite material by different manufacturing industries leads to the growth of Isotropic graphite share during the forecast period. Isotropic graphite is manufactured by a process called as CIP (Cold Isostatic Press) and the graphite formed after the process is high reliable, ultra-heat resistant up to 2500°C,is a good conductor for electricity, less in weight and easy to machine. Isotropic graphite is used inplethora of applications like Solar cells, Water manufacturing, Atomic power stations, Fuel cells, LCD panels and Hard disk manufacturing.

Extruded graphite market is expected to grow at a significant rate in the Global Special Graphite Market
Extruded graphite offers low electric resistance,is cost effective and has excellent thermal insulation which may leadto a growth inGlobal Special Type Graphite Market. Extruded graphite is having huge demand for different applications like furnaces, crucibles, heating elements, seals, hot press dies &sintering trays etc., which might lead to anenhanced Global Graphite Market. Extruded graphite is used in different manufacturing industries like Advance Ceramics, Electronics semiconductors, and Electrical Discharge Machining Graphite (EDM).

Global Special Type Graphite market in Asia-Pacific to grow at a high rate during the forecast period

China is a huge consumer of Graphite materials in the Wind Energy Industry. Europe also has a considerable share of Global Graphite Market as agreements for long period have made between different Graphite manufacturers from APAC with wind Industries in Europe. North America also contributes to the growth of Global Special Type Graphite market as it is a major supplier of Extruded Graphite material. Some prominent players in Graphite market are Mason Graphite, Inc. (Canada), SGL Group (Germany), Graf Tech International Holdings Inc. (US), Graphite India Ltd (India), Triton Minerals Ltd (Australia) among other companies.

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Issued By Envision Inteligence
Country India
Categories Marketing , News , Research
Last Updated May 27, 2019