Graphite Market Overview:
Graphite is used as an essential constituent in the production process across different industry verticals owing to its thermal stability, electrical conductivity, lubricating properties, etc. The widening range of applications for graphite in the production of brake lining, steel, lubricants, foundry facing, refractories, pencils, etc. is accelerating the demand for graphite globally.
The Lithium-ion (Li-ion) battery industry is expanding saliently with a record level growth of more than 20% per annum. The demand for Li-ion batteries has intensified the demand for graphite as a key constituent which is poised to drive the global market growth for graphite. According to a report published by Market Research Future (MRFR), the global graphite market will grow moderately throughout the assessment period 2018 to 2023.
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Graphite Market Key Players:
The key players profiled by MRFR for a comprehensive analysis of market include Northern Graphite Corporation, Alabama Graphite Corp, Energizer Resources Inc., Lamboo Resources Limited, Focus Graphite Inc, Flinders Resources Limited, Mason Graphite Inc, and, Triton Minerals Limited among others. The competitive landscape of the market represents vigorous competition with each of the players striving to maximize their share of revenue by planning growth strategies which include development in drilling programs, acquisitions & mergers, agreements with end-user industries, innovative partnerships, etc.
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 Regional Analysis:
By region, the global graphite market is segmented into Americas, Europe, Asia Pacific, and the Middle East & Africa. Asia Pacific is likely to retain its dominance over the next couple of years. It is estimated to exhibit steady growth at 4.1% CAGR in terms of market valuation from 2015 to 2020. The region accounts for a significant share of the graphite produced all across the world, which is likely to affect the growth of the graphite market favorably. Other factors responsible for the growth and expansion of the graphite market in Asia Pacific is the rapid industrialization, increasing urbanization, rising disposable income, etc.
Europe is projected to thrive moderately at second spot throughout the review period owing to factors such as increasing demand for graphite in refractories, steel, battery, and automotive industries. North America is poised to remain a significant growth pocket through the assessment period. The growth of the region is attributable to the rising demand from the end-user industries.
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:
1 Report Excerpts
2 Market Definition
3 Research Methodology
4 Forecast Indicators
5 Market Analysis
Graphite Market Table of Content to be Continue…….,
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