Graphite Market to Grow at a CAGR of 11.1% by 2026

Future Market Insights has announced the addition of the “Graphite Market: Global Industry Analysis and Opportunity Assessment 2016-2026" report to their offering.

Graphite is a form of carbon that is available in natural and synthetic forms. Natural graphite is a low density mineral that is procured through mining. It occurs in various forms such as flake, amorphous and lump. Synthetic graphite is a manmade mineral made from petroleum coke.

Global consumption of graphite was pegged at 2.7 million tonnes in 2015. Sales revenue of the mineral is anticipated to increase at a CAGR of 11.1% over the forecast period (2016–2026).

Drivers and Trends

Demand for graphite in lithium-ion batteries for application electric vehicles, laptops and smartphones is expected to increase over the forecast period. Environmental regulations to lower carbon dioxide emissions is driving adoption of electric vehicles across the globe. Thus, batteries segment is expected to witness robust growth over the forecast period. High mechanical strength, lightweight and lubricity properties of graphite is leading to rapid replacement of asbestos with graphite in automotive application. Thus, demand for graphite in automotive sector for application in brake lining and clutch materials is expected to increase during the forecast period.

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Chinese government regulations on mining of rare earth minerals is expected to decrease production of natural graphite in the country. Thus, key players in mining of natural graphite are focusing on consolidation to cut revenue losses. Production of high-purity graphite for niche applications such as electronics, nuclear power and aerospace, among others.

Market Segmentation

On the basis of product type, the global graphite market can be segmented into natural graphite and synthetic graphite. Synthetic graphite segment accounted for 57.1% volume share in 2015 and is expected to expand at a CAGR of 6.4% over the forecast period. Vein sub-segment in natural graphite segment is anticipated to witness robust growth due to exploration activities in Sri Lanka—the only known commercially viable source of vein graphite. Graphite electrode sub-segment in synthetic graphite segment is anticipated to be dominant throughout the forecast period and is projected to be the fastest growing sub-segment over the forecast period.

On the basis of application, the global graphite market can be segmented into refractories, lubricants and crucible, foundry facing, batteries and others. Refractories, lubricants & crucible and foundry facing segments collectively accounted for over 65% value share in 2015. Others segment is expected to expand at a value CAGR 10.6% over the forecast period. High growth of the segment is mainly attributed to use of graphite in niche applications such as pebble bed nuclear reactors, heat exchangers, etc.

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global graphite market size

Key Regions

On the basis of geography, the global graphite market is segmented into North America, Latin America, Western Europe, Eastern Europe, Asia Pacific excluding Japan, Middle East and Africa and Japan. Asia Pacific excluding Japan dominated the market, accounting for 34.8% value share in 2015 and anticipated to be dominant throughout the forecast period. Growth of the automotive sector and steel industry in Latin America is expected to drive growth in consumption of graphite. Thus, graphite market in Latin America is expected to witness significant growth over the forecast period.

Key Players

Key players in global graphite market include SGL Carbon SE, Showa Denko K.K., AMG Advanced Metallurgical Group N.V., Graphite India Limited, Toyo Tanso Co., Ltd., SEC Carbon Ltd., Tokai Carbon Co., Ltd., HEG Ltd. and GrafTech International Limited.

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Keywords : Graphite Market,

by Pradnya Kulkarni (few months ago!)

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