The global graphite market was valued at $15.06 billion in 2014 and it is expected to grow at a CAGR of 4% during the period 2015 – 2020. The major drivers behind the growth of the graphite market include increasing use of graphite in batteries, growing demand of graphite in steel industry, and increasing use of graphite in automotive industry. At the same time, increase in electric vehicle ownership is expected to propel lithium-ion market. The commercial acceptance of graphene is anticipated to provide further opportunities for the graphite market in near future. Graphene is expected to play an important role in near future by creating a positive impact on various industries, such as power generation, conductor, battery, and electronics industries. These factors are thus going push the demand of graphite.
High lubrication and light weight property of graphite helps in gaining popularity among automotive industry. Graphite is a useful material used in cylinder heads, clutch materials, and gaskets. The use of graphite in brake pads has increased significantly due to its low noise braking features. At the same time, graphite is one of the useful elements used in the production of ultra-lightweight carbon-fiber reinforced plastic (CFRP). In the recent years, CFRP is gaining popularity among passenger car manufacturer due to its light weight feature, which helps in reduced fuel consumption and CO2 emissions.
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In recent years, the demand for graphite is increasing with growing steel industry. Graphite is used in the steel industry as a liner for ladles and crucibles (mainly used to hold molten metal), components in firebricks lining furnaces, and as an agent to increase the carbon content in steel. According to the World Steel Association, the global steel industry produced 1,606 million tons of crude steel in 2013 as compared to 1,559 million tons in 2012. The positive impact of growing demand for steel on graphite market is anticipated to remain high in the next few years, as the graphite market find largest application in steel industry.
Based on form, the synthetic graphite segment hold the largest share, with $13.64 billion value, of the total market in 2014; and it is expected to reach $17.14 billion in 2020, at a CAGR of 3.9% for the period 2015-2020. By geography, the Asia-Pacific graphite market (largest market in 2014) increased by 4% CAGR during 2011-2014 to reach $10.19 billion in 2014 in terms of value. Based on application, the electrode industry holds the largest share of the global graphite market.
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• Provides comprehensive understanding of the market with the help of informed market outlook, opportunities, challenges, trends, size and growth, competitive analysis, major competitors and Porter analysis
• Identifies the key drivers of growth and challenges of the key industry players. Also, assesses the future impact of the propellants and restraints on the market
• Uncovers potential demands in the market
• Porter analysis identifies competitive forces within the market
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• Provides sizes of key regional markets using yardsticks of processes, segments, products, end user and technology, etc (as applicable)
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