Graphite Market - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2018-2025

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Graphite Market - Global Industry Insight,
Trends, Outlook, and Opportunity Analysis
2017-2025

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REPORT DESCRIPTION
Graphite Market Overview
Graphite is an allotrope of carbon with
crystalline structure and has both metallic and
non- metallic properties. Metallic properties of
graphite include thermal and electrical
conductivity and the non-metallic properties
include lubricity, chemical inertness, and
thermal resistance. Furthermore, there are two
grades of graphite available, including
high-purity high-cost synthetic graphite, and
lower-cost-purity natural graphite. Mining of the
natural graphite often requires various mineral
processing such as froth flotation to increase
the graphite concentration, as mined natural
graphite often contains other minerals. Natural
graphite has excellent electrical and heat
conductivity and is a high refractory material.
Refractories for the steel industry is a major
market for natural graphite. Furthermore,
synthetic graphite is produced using raw
materials such as petroleum coke and tar pitch
with higher purity as compared to natural
graphite. It has higher porosity, lower density
and higher electrical resistance. Synthetic
graphite are majorly used as moderator rods in
nuclear power plants, electrodes for
metallurgical processing and electrical furnaces,
and in the manufacturing of batteries and carbon
brushes.
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REPORT DESCRIPTION
Market Dynamics Growing application of graphite
in the automotive industry including graphite
filament and in the production of various
components where graphite is used as a core
material such as motors, disk brake linings
pads, cylinder heads, exhaust systems, and
gaskets is fuelling growth of the market.
Graphite is extensively used as an active anode
material in lithium-ion batteries and the growing
demand for advanced energy storage products such
as lithium-ion batteries is aiding in growth of
the graphite market as well. According to the
Coherent Market Insights analysis, the global
advanced energy storage market was valued at US
11.79 billion in 2016 and is expected to exhibit
a CAGR of 8.88 during 20172025. Moreover,
rising demand for ultra-lightweight materials in
aircraft components such as carbon-fiber
reinforced polymers (CFRP), is aiding in growth
of graphite market, as graphite is majorly used
in the production of CFRPs. According to the
Clean Energy Manufacturing Analysis Center
(CEMAC), in 2012, demand for carbon fiber end
products was highest in Europe and was estimated
to be 16,650 tons, which was 37 of the worlds
total demand for carbon fiber end products.
Additionally, growing application of graphite in
fuel cells and nuclear energy is expected to
boost growth of the graphite market during the
forecast period. Request sample Copy of this
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REPORT DESCRIPTION
Market Outlook In terms of revenue, Asia Pacific
is expected to be the fastest growing market for
graphite during the forecast period. Rapid
industrialization in emerging economies including
India and China is fuelling demand for graphite
in the region, as graphite is used in a wide
range of industries such as automotive, chemical,
and nuclear. According to the United States
Geological Survey (USGS), China was the leading
country in the world mine production of graphite
in 2012 and in 2016, China was projected as the
largest supplier of flake and amorphous grades of
natural graphite and accounted for around 68 of
the global graphite production. Furthermore,
rising fuel prices, steadily growing awareness
regarding eco-friendly electrical vehicles with
graphite using li-ion batteries is fuelling
growth of the market in the region. According to
the data by Asia Pacific Economic Corporation
(APEC) in 2017, Asia Pacific is the largest new
vehicle market in the world and the largest
emerging market in the new energy vehicles
(NEVs). Furthermore, Chinese government is
supporting and promoting use of new energy
vehicles, owing to rising concerns regarding air
pollutants through vehicles and the country has
set the target of having 5 million plug-in hybrid
vehicles (PHEVs) and battery- electric vehicles
on the road by 2020. This in turn, fuelling
growth of the graphite market in the region. To
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