Graphite Market
Graphite Market Overview:
Graphite is one of the three key minerals used in batteries including lithium and cobalt. It is also used as the anode material in lithium-ion batteries. Hence, as a battery material, Graphite perceives a huge demand in the battery market. It is more than a USD 20 Billion a year market, growing at over 20% every year. Owing to the proliferation of smart, personal and battery-operated devices, like cell phones, laptops, and cameras the Graphite market is growing pervasively.
Graphite is an excellent conductor of heat and electricity and also an excellent lubricant. This makes Graphite one of the important materials in the making of lubricants used across the automotive and industrial sectors. Augmented demand from the Lubricant market escalates the Graphite market in the global space. This further allows the market to garner exponential traction worldwide.
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Graphite Market Key Players:
Graphite Market Players Include in: Triton Minerals Limited, Northern Graphite Corporation, Focus Graphite Inc., Alabama Graphite Corp, Flinders Resources Limited, Energizer Resources Inc., Mason Graphite Inc., Lamboo Resources Limited.
Graphite Market Segmentation:
Graphite market is categorized on the basis of form, application by form type, and region. On the basis of form, the market is bifurcated into amorphous, and synthetic. On the basis of application by form type, the amorphous graphite market is categorized into metallurgy, pencil production, refractories, coatings, and lubricants. On the basis of application by form type, synthetic graphite market is segmented into aerospace, batteries, carbon brushes, electrodes, and moderator rods. On the basis of region, the market is categorized into Asia Pacific, Europe, Latin America, North America, and the Middle East & Africa.
Graphite Market Application:
Graphite is driven by the region Asia pacific, owing to the rise in the production of use of electric arc furnaces to manufacture steel to support construction projects resulting in to increasing demand for steelmaking industries among others. Graphite is as essential material in electric furnace design to manufacture carbon electrode for the furnace. China is the consuming around 50% of the global steel production over the forecast period is expected to drive the graphite market. High thermal resistance, low friction and self-lubrication, high electrical conductivity and thermal conductivity.
Graphite Market is growing with the impulsive pace; owing to the proliferation of aerospace industry. The civil sector will expand as a result of growing travel in developing market economies and the defence sector as a result of an increased significance on military spending, to counter global terrorism.
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Graphite Market Regional Analysis:
Graphite market is categorized into five regions based on geography, namely–North America, Europe, Asia Pacific, Latin America and the Middle East & Africa. Among them, Asia Pacific accounts for around 30% market share as of 2016 and is predicted to grow with the healthy CAGR over the assessment period. Asia Pacific market is categorized into China, India, Japan, and Indonesia. Aforementioned countries are predicted to drive the demand for graphite in the upcoming years due to burgeoning steelmaking industries, resulting in the higher consumption of graphite. Moreover, rising demand for energy and increasing graphite-based lithium ion batteries in the Asia Pacific countries is predicted to fuel the growth of the market. In North America, the graphite market is predicted to grow with the highest CAGR during the assessment period, 2018 to 2023. Nuclear power industries are the main areas for graphite consumption in the region.
Graphite Market Competitive Analysis:
Graphite Market appears to be less competitive with the presence of only few major global chemicals and materials manufacturers operating in the graphite market. Presence of few key players will lead to monopoly situation and also competitive edge in innovation and technology is expected to be indelicate. As these materials are pricing at higher costs in the current markets and increasing demand for cold insulation materials in aerospace and steelmaking industries will influence the end user products from these industries. Graphite market demonstrates a high growth potential as the demand for these materials is increasing other key players are likely to invest in opening new production capacities to meet the global demand with better solutions.
Graphite Market Table of Content to be Continue………,
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