Graphite Market is projected to be worth USD 30.56 Billion by 2030, registering a CAGR of 9.35% during the forecast period (2022 - 2030)
$30.56 Billion
9.35%
Asia-Pacific
2022 - 2030
Graphite Market Overview
Graphite Market is projected to be worth USD 30.56 Billion by 2030, registering a CAGR of 9.35% during the forecast period (2022 - 2030), The market was valued at USD 16 billion in 2021. Graphite is an alloy of carbon useful in various applications like it is used in refractories, construction, foundry, and many others.
COVID 19 ANALYSISThe outbreak of COVID created a dangerous area for which decreased the demand of production of graphite in the whole world. It created a challenging factor for the industry thus minimizing the growth of the end-users industries. Due to the lockdown and shutdown imposed by the government, the manufacturing unit and the supply chain were halted. Labour shortage was experienced throughout the world. The graphite industry experienced a logistics shortage during the pandemic. The industry has been hugely affected both, economically as well as in industrial manufacturing activities. India is regarded to occupy the third-largest producer of both iron and steel. This rapid pacing country has soared high also in the sectors of automotive and infrastructure. The government has taken huge initiatives for setting up steel manufacturing units. MARKET DYNAMICS Drivers use of graphene has driven up the demand of the industry. Apart from its unique features, the demand for graphite rises as it is used in manufacturing commercially viable electric and hybrid vehicles which will increase in the next upcoming years. Opportunities using the modernized green technology for increasing the graphite market value and merging and acquisitions activities increase market expansion opportunities of the competitors to be placed in the top position in the graphite market these years. Graphite is used in the aerospace industry and raises the advantages of using lightweight structural parts that increase the efficiency of fuel. Its high strength-to-weight capability raises the opportunities of the market share. Growth of refractories manufacturing industries where graphite is used as raw material, production of batteries by using the advanced technology, rising the demand for battery storage. Rise in the demand if new graphite mines raise the opportunities for growth of the industry. Challenges High tolerance, its rigidity, and strength becomes the most challenging factor as per the graphite market trends. Increasing the export business of graphite in the Chinese regions becomes the most challenging factor for the industry. Using the modernized lubrication technology, rise in demand of steel production, closing the graphite mines for a couple of years reducing the production of graphite acts as key challenging factors of the industries. Cumulative growth High growth of lithium-ion battery industry and a large amount of steel production from graphite electrode electric arc furnaces. Rise in graphite market value due to the manufacture of graphite products like crucibles, ladles, molds which capture the molten metal thus bolstering up the market growth during the forecast period from 2019 to 2021. Restraints The rise of the export facility in China and the reduction in the price graphite market hampers the graphite market size during the forecast period. the launching of new anode materials for lithium-ion batteries along with various other environmental regulations during the pandemic harmed the expansion of graphite market value and graphite market size. The rise in environmental production reduces the graphite market value and also the graphite market size. Strict rules and laws of the government over the manufacturers of the graphite about lessening the environmental production harms the growth and also the market size.
MARKET SEGMENTATION
By type
Globally and regionally the graphite market is highly categorized into type, application, and region. Based on type, the graphite industry is classified into natural graphite and synthetic graphite. The natural division is divided into flake graphite, amorphous graphite, and vein graphite. Synthetic graphite is further classified into graphite electrode, graphite block, graphite powder, carbon fiber, and many more. Based on application, the graphite market is divided into lubrication, refractories, founder, production of batteries, and many more. The synthetic segment is expected to be the dominant segment and covers a large graphite market thus owing to the rise in the demand of both steel and graphite industries. The rise in demand for both steel and graphite industries increases the usage of graphite products. Based on region, the graphite industry is dominant in the region of North America, European regions, Asia-Pacific, and LAMEA regions. By technology Due to the advancement of technology, the new graphite material has the property of reducing wear and tear, makes the machine easy to work, gives resistance to thermal heat, even has the property of high metal removal rate, and many others. Graphite being a non-metal has the property of becoming stiff, having more strength, and even conducts heat and electricity well and many more. REGIONAL ANALYSIS
REPORT OVERVIEW
The report summarises the industrial competitors operating in the market. The report gives an in-depth qualitative and quantitative analysis of the present market scenario. It provides information about the future estimations of the market during the forecast period of 2019 to 2021. It summarises the factors of market dynamics that will affect the growth. It gives a good assessment about understanding the profiles of the key players. the report gives good insights about the regional segmentation of the graphite market. It also gives information based on value and volume for which the market sizing and forecasting have been done. This report will help you get insights into the graphite market and know about its growth trends. The analysis provided in this report ensures the acceleration in sales in this market in the upcoming years.
Report Attribute/Metric | Details |
---|---|
Market Size | 2030: USD 30.56 Billion |
CAGR | 2022–2030: 9.35% CAGR |
Base Year | 2021 |
Forecast Period | 2022 to 2030 |
Historical Data | 2019Â &Â 2020 |
Forecast Units | Value (USD Million) |
Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
Segments Covered | By Form, By Application |
Geographies Covered | North America, Europe, Asia-Pacific, and Rest of the World (RoW) |
Key Vendors | Triton Minerals Limited (Australia), Hexagon Resources Limited (Australia), Mason Graphite Inc. (Canada), Focus Graphite Inc. (Canada), NextSource Materials Inc. (Canada), SGL Carbon S.E. (Germany), Mersen S.A. (France), GrafTech International Ltd. (U.S.), Graphite India Limited (India), HEG Limited (India) |
Key Market Opportunities | Graphite is exploited in nuclear moderator manufacture. |
Key Market Drivers |
|
Graphite market was valued at USD 16 billion in 2021 and is expected to reach USD 30.56 Billion by 2030
Some of the players in the value supply chain are CM Carbon, Huarui Carbon New Material Co. Ltd, Beijing Great Wall Co. ltd of China, and Hebel Rubang Carbon Products Co. Ltd
APAC graphite market is slated to register the highest CAGR over the forecast period.
Investing time and funds in research and development strongly tends to develop natural graphite, providing the offers with high prices and majorly giving priority towards the expansion of the industry are the trends that are being followed by the market.
Adoption of strategies by the competitors, investing huge amounts in graphite production, graphite market revenue in data analytics, adopting the autonomous technology, using light components in the aircraft industry, expanding the business portfolios of the key players creates more opportunities for rising market value.