The global synthetic graphite market is anticipated to grow at a considerable CAGR of 4.5% during the forecast period. The growing crude steel production across the world is expected to affect the usage of synthetic graphite in metallurgical applications. According to the World Steel Association, the world crude steel production increased from 1,538 million tons in 2010 to 1,864.0 million tons for the year 2020. China's government is also working on creating environmentally-friendly steel production methods, and it recently established a goal of generating 20% of the country's steel through electric arc furnaces by 2020. According to World Steel Association, crude steel production in China has reached 1,053.0 million tonnes in 2020 witnessing a rise of around 5.2% compared to 2019.

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Rising acquisitions, product approval, collaborations among the major players in the market also propel the growth of the market. For instance, in January 2021, Imerys Graphite & Carbon company has developed two new primary synthetic graphite's KS6L and SFG6L. These product developments help to increase the company’s product portfolio and are the example of the highest standard of quality and purity responding to their customer needs. Additionally, with this Imerys Graphite & Carbon offers highly dedicated and competent technical services. 

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Market Coverage

Segment Covered- 

o             By Type

o             By Application

Regions Covered

o             North America

o             Europe

o             Asia-Pacific

o             Rest of the World

Competitive Landscape- GrafTech International, SHOWA DENKO K.K., Beiterui New Material Group Co. Ltd, Lianyungang Jinli Carbon Co. Ltd, Shanshan Technology. 

Key questions addressed by the report

What is the market growth rate?
Which segment and region dominate the market in the base year?
Which segment and region will project the fastest growth in the market?
How COVID-19 impacted the market?

o             Deviation from the pre-COVID-19 forecast

o             Most affected region and segment

Who is the leader in the market?
How players are addressing challenges to sustain growth?
Where is the investment opportunity?

Global Synthetic Graphite Market Report by Segment

By Type

Graphite Anode
Graphite Block
Other Types

By Application

Metallurgy
Parts and Components
Batteries
Nuclear
Others 

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