Graphite market expected to reach $ 25.70 billion by 2028

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Pune, India, December 02, 2021 (GLOBE NEWSWIRE) – The world graphite market The size was $ 13.60 billion in 2020. Based on our analysis, the market is expected to grow from $ 14.83 billion in 2021 to $ 25.70 billion in 2028 at a CAGR of 8.2% during the period 2021-2028. This information is published by Fortune Business Insights ™ in its report entitled, “Graphite market, 2021-2028”. It is estimated that the increasing use of this mineral in the production of lithium-ion batteries used in automobiles will ultimately increase demand. Major players, as well as governments, approve of the use of electric vehicles enormously.

For example, in early 2019, the Indian government unveiled its strategies to improve its domestic battery production and value-added capabilities to meet its electric vehicle (EV) adoption goals. It further plans to issue tenders to establish a US $ 50 billion, 50 GW battery manufacturing base. Likewise, the government is focusing on imposing a zero duty on the import of lithium-ion. This will allow producers to create progressive new cell chemistry.

List of companies covered by the Graphite The market report are:

  • AMG (Hauzenberg, Germany)
  • Asbury Carbons (New Jersey, United States)
  • Aigle Graphite (Canada)
  • EPM Group (Moscow, Russia)
  • Grafitbergbau Kaisersberg GmbH (Kaisersberg, Austria)
  • Graphite India Limited (GIL) (India)
  • Imerys (Paris, France)
  • Nacional de Grafite (Brazil)
  • SGL Carbon (Wiesbaden, Germany)
  • Other key players

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Cover of the report

The report brings to our clients the precise study of market segments and in-depth analysis of the market overview. A careful assessment of existing market trends as well as upcoming opportunities is presented in the report. It further shares a comprehensive analysis of regional perceptions and their impact on market growth. We have also added the effects of COVID-19 to the report to help stakeholders and business owners easily understand the risks. It also focuses on the crucial players and their main strategies to stay in the leadership position.

Growing demand for refractory industry is expected to drive market growth

Natural and synthetic are the two main types of graphite used in the market. They are essentially two distinct materials with different properties. The steel industry is the main consumer of natural minerals, in which the refractory industry is the highest end use, responsible for almost half of global demand.

The refractory industry, which uses graphite to create goods for high temperature environments such as linings for furnaces, incinerators, furnaces and reactors, remains the primary market. Refractory supplies are often large crystals, with many sizes of minor flakes and amorphous minerals thrown in for a decent measure. Steel has so far been the leading producer of refractory products, followed by non-ferrous metals and non-metallic production industries such as cement and glass. According to the World Steel Association’s AISBL, world crude steel production in 2019 amounted to 1,869 million tonnes, of which China was responsible for 53.3%, while the EU contributed only 8.5%. This is expected to hamper the growth of the graphite market in the near future.

Browse the detailed summary of the research report with the table of contents:

https://www.fortunebusinessinsights.com/graphite-market-105322

Objective and scope of the report:

  • An overview of the market based on geographic scope, segmentation, and financial performance of major players is presented in the report.
  • The report presents the estimated market size by the end of the forecast period. Moreover, the historical and current size of the market is also discussed in the report.
  • Based on various indicators, the year-over-year growth (%) and the compound annual growth rate (CAGR) for the given forecast period are offered.
  • The report presents the current industry trends and the future scope of the market in North America, Asia-Pacific, Europe, Latin America, and Europe.
  • The various parameters accelerating the growth of the market are incorporated into the research report.
  • The report analyzes the growth rate, market size, and market valuation during the forecast period.

Segmentation

By product, the market is divided into synthetic and natural. In terms of region, the market is broadly separated into North America, Europe, Asia-Pacific, Latin America, Middle East and Africa.

Depending on the application, the market is categorized into refractories, foundries, batteries, friction products, lubricants, and others. Rapid industrial expansion and increased demand for native minerals from industries such as automotive, construction, aerospace, and metal production, among others, are responsible for the development of the refractory segment. He held 43.4% in 2020 in terms of graphite market share.

Regional perspectives

Asia-Pacific to Dominate Market Driven by Growing Demand for Graphite Electrodes

The Asia-Pacific market was worth $ 8.24 billion in 2020. Asia-Pacific dominated the market share of 60.6% in 2020 and is expected to continue its supremacy during the forecast period. The increased demand for conductors, graphite electrodes and batteries, as well as carbon fiber protected plastic, is expected to drive the market growth.

Europe holds the second largest share of the world market. It is estimated that the increasing demand for batteries and other electrical devices containing graphite from European countries will increase the demand. The renowned automotive industry in major countries such as Germany and the UK is now focusing on emerging electric vehicles powered by Li-ion batteries requiring graphite.

North America is expected to show decent growth due to the fact that Canada is one of the major producers. Additionally, increased demand for mineral and battery-powered devices native to many end-use sectors such as electronics, defense, aerospace, automotive and others is likely to drive regional growth.

Competitive landscape

Key actors to use the grants for improvement in the respective sector

The main players in the market are always looking for opportunities to expand their activities. With huge opportunities floating in the market, there is competition among these companies to be successful in their jobs and stay ahead of everyone else in terms of revenue, esteem and brand value. Companies are also looking for funds to support their expansion strategy. For example, in March 2021, SGL Carbon was awarded € 42.9 million in IPCEI grants for Graphite Anode Products (GAM) in lithium-ion batteries. This SGL Carbon mission aims to make the innovative supply of anodes in Europe a vital value-added step in electromobility.

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Main Table of Contents:

  • introduction
    • Scope of research
    • Market segmentation
    • Research methodology
    • Definitions and assumptions
  • Abstract
  • Market dynamics
    • Market factors
    • Market constraints
    • Market opportunities
    • Emerging trends
  • Key ideas
    • Main emerging trends – for the main countries
    • SWOT Analysis of the Industry
    • Regulatory Analysis
    • Recent Industry Developments – Policies, Partnerships, New Product Launches, and Mergers and Acquisitions
  • Qualitative analyzes – Impact of COVID-19 on the global graphite market
    • Supply chain challenges
    • Measures taken by government / companies to overcome this impact
    • Potential opportunities due to the COVID-19 epidemic

COT continues…!

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Key industry development

November 2020: The Talga project, which is a collective extension of the Vittangi graphite mine and battery anode source, has been confirmed by Talga, Mitsui and LKAB. The first aims to create a European supply of low-CO2 anodes for lithium-ion batteries using its 100% Swedish mineral reserves and battery replacement technology.

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