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With a projected CAGR of 7.3% from 2024–2031, the worldwide graphite market is anticipated to grow from an initial valuation of $14.23B in 2023 to a total value of $21.26B in 2031.
One of the rarest forms of carbon, the product is an elemental carbon derivative. Its combination of metallic and non-metallic properties makes it highly versatile in the industrial realm. Not only is it lubricious, but it also has great electrical and thermal conductivity. Major market shifts are anticipated in this business in the next decades due to the anticipated considerable jump in production from the developing lithium-ion battery industry. The usage of refractory materials has traditionally been driven by the steel industry. Economic variables like market penetration and adoption will determine whether the battery industry experiences robust growth or not. More and more countries are stepping up their efforts to promote green energy production and usage in order to move towards a future with lower emissions in the energy and transportation sectors.
One of the most important industrial materials, graphite is a naturally occurring carbonate with many different applications. The primary building block is a hexagonal lattice of carbon atoms. Commercially, graphite is known as a mineral or raw material that is mined and refined due to its exceptional conductivity, resistance to high temperatures, and lubricating properties. Graphite plays an important role in many different industries, including energy, electronics, metallurgy, and the automotive, aerospace, and lubricant and refractories sectors. It is also used extensively as a structural material in composites.
Graphite is a carbon mineral that has several uses, including in electrical vehicles, refractories, foundries, as a lubricant, and in construction, among others. The many benefits of graphite, including its low wear rate, ease of machining, resistance to thermal shock, and high metal removal rate, are driving its rising demand in the aforementioned sectors. Despite its lack of metallic composition, graphite exhibits a number of metallic qualities, including high stiffness, strength, and electrical and thermal conductivity. Natural graphite and synthetic graphite are the two main varieties of this mineral.
Demand from the lithium ion battery industry is a major factor propelling the graphite market worldwide. Electric arc furnaces, which are commonly used to produce steel, rely on graphite electrodes. The steel industry relies on these electrodes due to their high conductivity and heat resistance. The graphite market is affected by the demand for steel, especially in emerging nations.
One major factor propelling the graphite market is the increasing need for electric automobiles. The anode of the lithium-ion batteries utilized in electric vehicles relies heavily on graphite. The need for graphite is anticipated to rise in tandem with the expansion in the use of electric vehicles. Energy storage systems, such as grid-scale batteries and portable electronic gadgets, also make use of graphite, in addition to electric vehicles. Graphite is in high demand due to the growing need for efficient energy storage solutions, which is driven by the increasing popularity of renewable energy sources like solar and wind.
Graphite is used in many different kinds of manufacturing, such as building, electronics, aerospace, and automobiles. It is a component of refractory materials, a lubricant, and a heat and electricity conductor. The demand for graphite is affected by the level of growth and development in various industries. New uses for graphite are created as a result of continuing research and technical progress. Opportunities in electronics, energy storage, and other high-tech industries have been made possible, for instance, by breakthroughs in graphene, a type of graphite. As a whole, these innovations raise graphite's demand.
In the automotive sector, graphite plays a role in the production of lithium-ion batteries, which power next-gen EVs and have a higher energy density and shorter charge times. It is also a component in the production of thermally conductive polymers, a material that is gradually displacing metal in the production of automobile parts. As electric vehicles and other uses for lithium-ion batteries continue to gain popularity, the need for anode content is projected to climb in the years to come. The need for batteries is expected to increase in the next years, and China is the leading producer for these applications. The automotive sector and energy storage systems are expected to see the highest growth rate for lithium-ion battery manufacturing. China is the global leader in the lithium-ion battery value chain, with the highest installed capacity among Chinese anode providers.
Report Coverage
Global Graphite research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Graphite report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Graphite competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Graphite market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Graphite market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Graphite market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
NIPPON GRAPHITE INDUSTRIES CO. LTD., MASON GRAPHITE INC., TRITON MINERALS LIMITED, WESTWATER RESOURCES INC., NEXT SOURCE MATERIALS INC., SHOWA DENKO K.K., FOCUS GRAPHITE INC., GRAF TECH INTERNATIONAL HOLDINGS INC., TOKAI CARBON CO. LTD., NORTHERN GRAPHITE CORPORATION
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2031. INFINITIVE DATA EXPERT has segmented the global Graphite market based on the below-mentioned segments:
Global Graphite Market, By Type
Natural Graphite
Synthetic Graphite
Global Graphite market, By Application
Lubrication
Refractories
Foundry
Battery Production
Others
Global Graphite market, Regional Analysis
One of the rarest forms of carbon, the product is an elemental carbon derivative. Its combination of metallic and non-metallic properties makes it highly versatile in the industrial realm. Not only is it lubricious, but it also has great electrical and thermal conductivity. Major market shifts are anticipated in this business in the next decades due to the anticipated considerable jump in production from the developing lithium-ion battery industry. The usage of refractory materials has traditionally been driven by the steel industry. Economic variables like market penetration and adoption will determine whether the battery industry experiences robust growth or not. More and more countries are stepping up their efforts to promote green energy production and usage in order to move towards a future with lower emissions in the energy and transportation sectors.
One of the most important industrial materials, graphite is a naturally occurring carbonate with many different applications. The primary building block is a hexagonal lattice of carbon atoms. Commercially, graphite is known as a mineral or raw material that is mined and refined due to its exceptional conductivity, resistance to high temperatures, and lubricating properties. Graphite plays an important role in many different industries, including energy, electronics, metallurgy, and the automotive, aerospace, and lubricant and refractories sectors. It is also used extensively as a structural material in composites.
Graphite is a carbon mineral that has several uses, including in electrical vehicles, refractories, foundries, as a lubricant, and in construction, among others. The many benefits of graphite, including its low wear rate, ease of machining, resistance to thermal shock, and high metal removal rate, are driving its rising demand in the aforementioned sectors. Despite its lack of metallic composition, graphite exhibits a number of metallic qualities, including high stiffness, strength, and electrical and thermal conductivity. Natural graphite and synthetic graphite are the two main varieties of this mineral.
Demand from the lithium ion battery industry is a major factor propelling the graphite market worldwide. Electric arc furnaces, which are commonly used to produce steel, rely on graphite electrodes. The steel industry relies on these electrodes due to their high conductivity and heat resistance. The graphite market is affected by the demand for steel, especially in emerging nations.
One major factor propelling the graphite market is the increasing need for electric automobiles. The anode of the lithium-ion batteries utilized in electric vehicles relies heavily on graphite. The need for graphite is anticipated to rise in tandem with the expansion in the use of electric vehicles. Energy storage systems, such as grid-scale batteries and portable electronic gadgets, also make use of graphite, in addition to electric vehicles. Graphite is in high demand due to the growing need for efficient energy storage solutions, which is driven by the increasing popularity of renewable energy sources like solar and wind.
Graphite is used in many different kinds of manufacturing, such as building, electronics, aerospace, and automobiles. It is a component of refractory materials, a lubricant, and a heat and electricity conductor. The demand for graphite is affected by the level of growth and development in various industries. New uses for graphite are created as a result of continuing research and technical progress. Opportunities in electronics, energy storage, and other high-tech industries have been made possible, for instance, by breakthroughs in graphene, a type of graphite. As a whole, these innovations raise graphite's demand.
In the automotive sector, graphite plays a role in the production of lithium-ion batteries, which power next-gen EVs and have a higher energy density and shorter charge times. It is also a component in the production of thermally conductive polymers, a material that is gradually displacing metal in the production of automobile parts. As electric vehicles and other uses for lithium-ion batteries continue to gain popularity, the need for anode content is projected to climb in the years to come. The need for batteries is expected to increase in the next years, and China is the leading producer for these applications. The automotive sector and energy storage systems are expected to see the highest growth rate for lithium-ion battery manufacturing. China is the global leader in the lithium-ion battery value chain, with the highest installed capacity among Chinese anode providers.
Report Coverage
Global Graphite research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Graphite report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Graphite competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Graphite market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2031 |
| Base Year | 2023 |
| Forecast Period | 2023-2031 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | NIPPON GRAPHITE INDUSTRIES CO. LTD., MASON GRAPHITE INC., TRITON MINERALS LIMITED, WESTWATER RESOURCES INC., NEXT SOURCE MATERIALS INC., SHOWA DENKO K.K., FOCUS GRAPHITE INC., GRAF TECH INTERNATIONAL HOLDINGS INC., TOKAI CARBON CO. LTD., NORTHERN GRAPHITE CORPORATION |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Graphite Market from 2021 to 2031.
- Market Forecast for Graphite Market from 2021 to 2031.
- Regional Market Share and Revenue from 2021 to 2031.
- Country Market share within region from 2021 to 2031.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Graphite competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Graphite
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Graphite market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Graphite market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
NIPPON GRAPHITE INDUSTRIES CO. LTD., MASON GRAPHITE INC., TRITON MINERALS LIMITED, WESTWATER RESOURCES INC., NEXT SOURCE MATERIALS INC., SHOWA DENKO K.K., FOCUS GRAPHITE INC., GRAF TECH INTERNATIONAL HOLDINGS INC., TOKAI CARBON CO. LTD., NORTHERN GRAPHITE CORPORATION
Primary Target Market
- Market Players of Graphite
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2031. INFINITIVE DATA EXPERT has segmented the global Graphite market based on the below-mentioned segments:
Global Graphite Market, By Type
Natural Graphite
Synthetic Graphite
Global Graphite market, By Application
Lubrication
Refractories
Foundry
Battery Production
Others
Global Graphite market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
About This Research
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