Graphite Market Will Reach US$ 17.56B in Terms of Value by 2020

(Newswire.net — July 31, 2017) New York City, New York — In 2013, the global graphite market was valued at USD 13.62 billion and expected to increase at a CAGR of 3.7% through 2014 -2020 to reach USD 17.56 billion in 2020.

Graphite is an important content material used in production of gaskets, clutch material, motors, exhaust systems and cylinder heads. The major driving factor for the demand of graphite is its increased use for manufacturing of automotive and battery industry. Before, Asbestos was the main component of liners and disk brake pads. Demand for Graphite over Asbestos benefits with low-noise comfort braking. Moreover, it became an important element in the manufacture of Ultra-Light weight Carbon Fiber Reinforced Plastic (CFRP). Aerospace and Formula One car industries mainly use CRPF by tradition. However, due to its lightweight, graphite now became a popularly used element in the car industry as it reduces CO2 emission and fuel consumption.

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The Asia Pacific region became the largest market for graphite globally due to factors such as the rise of technologically advanced graphite applications in pebble bed nuclear reactors, solar power systems, fuel cells, automotive and aerospace industries which drive the market of graphite in APAC region. China and India have the major share of the market in this region. The demand for graphite is witnessed due to a rising demand for steel and other metals. China holds over 70% share of total graphite production in the world. The Chinese government  has a visionary plan, Viz. China’s Twelfth Five Year Plan, to have around 5 million battery electric vehicles running on the road by 2020, this is projected through an increased demand for graphite in the Asia Pacific market throughout the forecast period.

According to the research report, the sale of plug-in electric vehicles is expected to rise in North America at Compound Annual Growth Rate of 30.0% through 2012 to 2020. The U.S. market has grown 9.7 million to 40.6 million tablet devices in overall sales through 2010-2013.

Such sales growth is expected to drive demand for Lithium-ion batteries. Rising demand for electronic ecofriendly vehicles and other electronic devices such as digital cameras, laptops, tablets, poised huge potential for Lithium-ion industry growth which is further expected to hasten the demand for graphite in North America. The second largest graphite market in the world is Europe.

The increase in demand for graphite in Europe is because of a growing use of carbon fiber instead of steel in automotive and aerospace industry. Graphite is considered as a key material of ecofriendly technology. Due to the fact, incremental use is witnessed in many energy storage applications, various electronic products and photovoltaics.

The graphite market is segmented on the basis of Natural and Synthetic graphite. Synthetic graphite further bifurcated as Graphite Electrode, Carbon Fiber Graphite Blocks, Graphite Powder, and others. All of these segments provide market size and forecast in terms of value and volume. The synthetic graphite segment accounts for the largest share of USD 12.49 billion in the graphite market in 2013 and is projected to reach USD 16.06 billion by 2020 at a CAGR of 3.7% by 2014 to 2020.

The Global graphite market grew from USD 12.30 billion to USD 13.62 billion by 2010-2013 at a CAGR of 3.4% in terms of revenue. The Global graphite market grew from 2,19 million tons to 2.68 million tons by 2010-2013 at a CAGR of 7.1% in terms of revenue.  

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The Asia Pacific graphite market (leading market of 2013) increased by 3.8% CAGR through 2010-2013 and expected to reach USD 9.17 billion in 2013.

Some of the key market players of the global graphite market are Lamboo Resources Limited Triton Minerals Ltd, Syrah Resources Limited, Mason Graphite, Focus Graphite Inc., Energizer Resources Inc., Northern Graphite Corporation, Alabama Graphite Corp., Flinders Resources Ltd, SGL Carbon SE, GrafTech International Holdings Inc, Graphite India Limited, , Asbury Graphite Mills, Inc, Showa Denko K.K., and Tokai Carbon Co., Ltd., Nippon Graphite Industries Co., Ltd.