Graphite Market Statistical Analysis, Key Segments, Benefits and Opportunity and Forecast, 2027

Description :

Graphite Market: By Form (Natural, Synthetic) and By Application (Electrode, Refractory, Lubricant, Foundry, Battery, Others) - Forecast till 2027

Keywords :

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Global Graphite Market Analysis

The Global Graphite market is categorized into five regions based on geography, namely–North America, Europe, Asia Pacific, Latin America and the Middle East & Africa. Among them, Asia Pacific accounts for around 30% market share as of 2016 and is predicted to grow with the healthy CAGR over the assessment period.

Asia Pacific market is categorized into China, India, Japan, and Indonesia. Aforementioned countries are predicted to drive the demand for graphite in the upcoming years due to burgeoning steelmaking industries, resulting in the higher consumption of graphite.

Moreover, rising demand for energy and increasing graphite based lithium ion batteries in the Asia Pacific countries is predicted to fuel the growth of the market. In North America, the graphite market is predicted to grow with the highest CAGR during the assessment period, 2017 to 2023. Nuclear power industries are the main areas for graphite consumption in the region..

Top Key Players

Some of the prominent players operating in the global graphite market are Triton Minerals Limited (Australia), Hexagon Resources Limited (Australia), Mason Graphite Inc. (Canada), Focus Graphite Inc. (Canada), NextSource Materials Inc. (Canada), SGL Carbon SE (Germany), Mersen S.A. (France), GrafTech International Ltd. (U.S.), Graphite India Limited (India), and HEG Limited (India), among others.

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Regional Analysis

On the basis of region, the market is categorized into Asia Pacific, Europe, Latin America, North America, and the Middle East & Africa.

Manufacturers are shifting their focus in developing and producing more environmental friendly automobiles which contain release harmful chemicals is driving the electric driven vehicles which consume lithium based batteries.

European graphite market is classified into Russia, Germany, U.K, Spain, Italy, and France. Comparatively Russia and Germany are expected to be the dominant region on account of increasing automobiles production coupled with increasing innovation.

Moreover, the robust presence of automobile manufacturers along with the increasing consumption of lubricants is predicted to fuel the demand for graphite over the assessment period.

In Central and South America, countries such as Brazil and Mexico is expected to witness significant market growth on account of increasing crude oil production combined with expansion of petroleum refining units.

Asia Pacific is predicted to be the healthy growing market due to proliferation of nuclear plants in India and China. Moreover, rising number of passenger cars and heavy duty vehicles along with increased usage of lubricant is expected to drive the demand for graphite in this region.

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