High purity graphite is the most stable form of carbon and is primarily being used in setting the benchmark for defining how carbon compounds are formed during the application of heat. High purity graphite is primarily being used in aviation, electronic, metallurgy, atomic energy, chemical, mechanical, and nuclear energy, among other fields. The carbon content in the high purity graphite is more than 99.99%. High-purity graphite can also be pided in nuclear graphite, coarse-grain graphite, space graphite, and fine-grain graphite (maximum grain diameter is less than 0.075mm.
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In terms of value, the global high purity graphite market was valued at US$ 7,499.6 Mn in 2018 and in terms of volume, the market was 361.1 Kilo Tons (KT) in 2018, and is expected to grow with a significant CAGR during the forecast period. The market is witnessing high demand for high purity graphite owing to its various industrial uses. It is mined in several countries, but the major exporter is China, which exports more graphite than the world's other major graphite-mining countries.
This high purity graphite market report covers an in-depth analysis of the market including statistical and subjective data points, along with the key market drivers and opportunities & restraints that have positive or negative effects on the overall global market. An exclusive coverage has been provided for market drivers and challenges & opportunities for a country-level market in the respective regional segments. The report comprises a competitive analysis of the key players functioning in the market and covers in-depth data related to the competitive landscape of the market and the recent strategies & products that will assist or affect the market in the near future.
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Based on the regions, the global market for high purity graphite has been classified into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. Asia Pacific accounted for the majority share of 41.7% in 2018 and is expected to grow further during the forecast period, thus dominating the global market. China and India are the major contributors to the growth of the high purity graphite market in the Asia-Pacific region.
APAC is dominating the global high purity graphite market
Asia Pacific led the global market for high purity graphite in 2016 and is expected to retain its dominance throughout the forecast period as well. It is also expected to display the fastest growth during the forecast period. China and India are the major hubs for the production of graphite. In addition to this, rapid industrialization in developing economies such as China, India, and Japan is another key factor that is supporting market growth in the Asia-Pacific region.
North America is expected to witness significant progress over the forecast period due to the increasing demand for electric vehicles and growing consumer electronics sales in countries such as the U.S., Canada, and Mexico. The demand for lithium-ion battery in smartphones is increasing due to its prolonged shelf-life and improved efficiency, which would further drive the lithium-ion battery market and consequently the high purity graphite market as well. Recent innovations have supported high-efficiency and longer power back-ups in smartphones/Tablets/PCs, which would propel technology expansion to a wider spectrum of end-users. Emerging technologies such as flexible batteries and aluminium-ion batteries would throw tough competition to the lithium ion battery market expansion.
Rest of Europe
Rest of APAC
Rest of Latin America
Middle East & Africa
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