ID: MRFR/CnM/0354-CR | June 2016 | Region: Global | 115 pages
Graphite Market is projected to display an optimistic CAGR in the course of the forecast. Graphite is a form of crystalline carbon with very minimal specific gravity and is soft and slices with very light stress. Graphite's elevated thermal stability and electrical conductivity properties have application in the production of electrodes and refractories in elevated temperature steelmaking process purposes. Graphite is valued in industrial uses for its lubricated and dry lubricating properties. These properties give graphite a wide variety of usages in pencil production, metallurgy, automobile, moderator rods, coatings, and batteries.
The restriction created by COVID-19 have slowed down several sectors, and companies in the market are coming up with new ways to maintain normalcy in operations and achieve progress in the forecast period. The unfavorable finance markets are projected to improve in the coming years, and this is likely to spur the graphite market share in the coming period.
Use In Steelmaking For Aerospace Applications
The increasing steelmaking operations where graphite is consumed in the refractory lining and the rising demand for fuel-efficient aircraft through graphite-made materials that are lightweight are likely to augment the graphite market outlook. Intensifying steel production globally is estimated to be a significant driver for the graphite market.
The Necessity To Control GHG Emissions
The shift towards vehicles that are electrically driven to cut vehicular greenhouse gas emissions is another factor that will add to the global graphite market. Graphite is a crucial compound in lithium-ion powered batteries. The boosting need for electrically driven vehicles that utilize lithium-ion batteries is projected in the forecast period.
Surging Demand In Aerospace And Automotive Sector For Lightweight Materials
Amplifying aircraft construction & sales coupled with intensifying use of lightweight graphite materials and fuel saver are projected to drive the global market's development. Moreover, graphite is a crucial material consumed in clutch materials, gaskets, exhaust systems, motors, and automobiles' cylinder heads manufacturing.
Surge In Nuclear Energy Sector
Graphite is exploited in nuclear moderator manufacture. Also, augmented radioactive elements mining coupled with growing nuclear energy in developing economies is foreseen to push the graphite market development.
Stringent Guidelines By Governments
The implementation of severe regulations by numerous government bodies has limited radioactive element usage, which is projected to inhibit nuclear use growth, which moderately influences the graphite market.
The synthetic segment is estimated to gain a headstart in the form segment through the forecast period.
The refractories segment is estimated to appear as a promising segment in the global market.
Urbanization To Spur APAC Region
The Asia Pacific region is prophesied to expand with the uppermost CAGR throughout the forecast period due to developing the steelmaking industry as graphite is consumed in the steelmaking industry's refractory lining production. Government financing in new construction projects based on urbanization and increasing middle-class population and their disposable revenue spent on lodging are the factors demanding to setup new steelmaking competencies in the forecast period.
Nuclear Capability Expansion To Promote North American Region
North American graphite market is predicted to witness tremendous growth on elevated nuclear energy consumption, growing nuclear energy production capacities, and increasing financial growth rate. In the North American region, the U.S. is projected to be the key supplier in the graphite market's regional growth. It is anticipated to see an influential demand for graphite throughout the forecast period. Additionally, the surge in demand for lightweight graphite materials in the aerospace industry in the U.S. defense sector is promoting the market. A major share in the annual budget holds for the defense sector to encourage innovation and improvisation.
Automotive Sector To Lead Point In other Region
The automobile manufacturers, specifically in Germany, are anticipated to give a new impetus to the market growth. Latin American countries are also predicted to witness a substantial growth due to increasing consumer spending on passenger cars and novel technologies and innovations in graphite.
Some of the outstanding companies functioning in the graphite market are:
Dec 2020 The stocks of graphite electrode companies Graphite India and HEG soared over 6 % each after international brokerage house Jefferies elevated the target price for both the companies while preserving a 'buy' stance on the shares. Jefferies observed an elevated correlation with steel demand for graphite electrodes, and the steel demand and price have improved drastically on a QoQ basis.
Dec 2020 Syrah Resources, an Australia-based has accomplished a bankable feasibility analysis (BFS) for the growth of its natural graphite AAM facility in Louisiana, as it carries on the execution of its strategy of becoming the primary vertically integrated manufacturer of natural graphite AAM (advanced anode material) outside China. The BFS authorizes that 10ktpa of AAM manufacture can be attained through increasing the current plant and setup within Syrah's current 25-acre industrial location. Syrah aims to increase natural graphite AAM production volume at Vidalia to 10ktpa and then strengthen in line with rising market demand. To this end, the BFS measured both the initial market access 10ktpa plant size and a bigger scale 40ktpa plant.
Dec 2020 Tirupati Graphite, the fully integrated specialist graphite and graphene manufacturer with operations in Madagascar and India, has established that its Prospectus has been accepted by the Financial Conduct Authority and issued by the Company. The Prospectus connects to the Company's normal stocks' admission to the normal listing segment of the Official List of the FCA and transacting on the Main Market for the London Stock Exchange's registered securities, expected 11 December 2020.
Dec 2020 The Materials Processing Institute has been bestowed funding by the U.K. Research and Innovation (UKRI) to develop methods to recover lithium and graphite from used electric vehicle (E.V.) batteries. With the administration proclaiming a prohibition on selling new petrol and diesel vehicles from 2030, it is assessed there will be a million electric vehicles on the U.K.'s roads in the next four years. However, any rapid increase in ownership presents supply and sustainability tests, particularly how to meet the demand for lithium, graphite, cobalt, and other critical materials used to manufacture E.V. batteries.
Frequently Asked Questions (FAQ) :
Leading players in the global graphite market include HEG Limited, SGL Carbon SE, Triton Minerals Limited, and Focus Graphite Inc.
The increasing demand for electric batteries and the growing production of steel are the major drivers for the global graphite market.
Major applications of graphite include metallurgy, pencil production, refractories, coatings, and lubricants. The metallurgy segment holds a dominant share in the global graphite market, followed by pencil production.
North America and Asia Pacific are both likely to be important for the global graphite market over the forecast period.
The limitations on the use of nuclear compounds in power generation applications are likely to be a key restraint on the global graphite market.