The graphite market is projected to surpass $50Bn by 2031, with synthetic graphite leading due to its use in electric vehicles and batteries.
Increasing use of graphite in the production of lithium-ion batteries will improve its demand over the coming years. Demand for electric vehicles batteries also will result in higher adoption of graphite in the production of electrodes and refractories & foundries. This will create attractive prospects for sales in the market through the course of the assessment period.
Investment towards integration of advanced technologies that support electric vehicle manufacturing will give impetus to the market. Despite exponential growth in electric vehicle sales, demand in the graphite market plummeted to an extent as COVID-19 outbreak resulted in supply chain disruption and suspended automotive production.
With global shutdown and disruption of export-import activities, sales of graphite declined in the FQ-20. Nevertheless, the market is expected to witness rapid recovery owing to the greenfield and brownfield investments within automotive, manufacturing, and other end-use industries.
As per Fact.MR, increasing application of synthetic graphite in the production of electrodes and refractories will spur the sales. The electrodes and refractories segment will register impressive growth at 9.1% CAGR during the forecast period.
Besides this, graphite application in the production of steel is accelerating. Rising use of graphite in steel moulding for casting ware and to cover foundry facings will boost growth opportunities in the market. As per Fact.MR, over 65% of the graphite sales are expected to be contributed by steel production, refractories & foundries, friction products, and recarburizers.
“Increasing need for sustainable and eco-friendly transportation facilities have created opportunities for the graphite market growth. In order to gain competitive edge, leading players are investing heavily in developing sustainable synthetic graphite. This is expected to help in growth of the market in the coming years,” says a Fact.MR analyst.
For More Information On How To Improve Your Flake Graphite Market Footprint, Request A Sample Here
https://www.factmr.com/connectus/sample?flag=S&rep_id=7003
Key Takeaways from Graphite Market Survey
Key Drivers
Key Restraints
Ask Your Graphite Market Related Questions & Get Customized Reports:
https://www.factmr.com/connectus/sample?flag=RC&rep_id=7003
Competitive Landscape
Key players are adopting organic strategies such as research and development activities to expand their product portfolio. Inorganic strategies such as collaborations and mergers are also on the card for leading players to increase their revenue. For instance,
Some of the leading market players operating in the graphite market profiled by Fact.MR are:
More Valuable Insights on Amorphous Graphite Market
In its latest report, Fact.MR report on global graphite market offers unbiased analysis, presenting historical demand data (2016-2020) and forecast statistics for the period from 2021 and 2031. The study also provides detailed analysis on the market which is segmented on the basis of:
By Product Type:
By Application:
Key Questions Covered in the Graphite Market Report
Explore Fact.MR’s Coverage on the Chemicals and Materials Domain:
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About Fact.MR
Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. We have offices in US and Dublin, whereas our global headquarter is in Dubai. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Reach out to us with your goals, and we’ll be an able research partner.
Contact:
US Sales Office:
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Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583
E-Mail: sales@factmr.com
Corporate Headquarter:
Unit No: AU-01-H Gold Tower (AU),
Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers,
Dubai, United Arab Emirates
Increasing use of graphite in the production of lithium-ion batteries will improve its demand over the coming years. Demand for electric vehicles batteries also will result in higher adoption of graphite in the production of electrodes and refractories & foundries. This will create attractive prospects for sales in the market through the course of the assessment period.
Investment towards integration of advanced technologies that support electric vehicle manufacturing will give impetus to the market. Despite exponential growth in electric vehicle sales, demand in the graphite market plummeted to an extent as COVID-19 outbreak resulted in supply chain disruption and suspended automotive production.
With global shutdown and disruption of export-import activities, sales of graphite declined in the FQ-20. Nevertheless, the market is expected to witness rapid recovery owing to the greenfield and brownfield investments within automotive, manufacturing, and other end-use industries.
As per Fact.MR, increasing application of synthetic graphite in the production of electrodes and refractories will spur the sales. The electrodes and refractories segment will register impressive growth at 9.1% CAGR during the forecast period.
Besides this, graphite application in the production of steel is accelerating. Rising use of graphite in steel moulding for casting ware and to cover foundry facings will boost growth opportunities in the market. As per Fact.MR, over 65% of the graphite sales are expected to be contributed by steel production, refractories & foundries, friction products, and recarburizers.
“Increasing need for sustainable and eco-friendly transportation facilities have created opportunities for the graphite market growth. In order to gain competitive edge, leading players are investing heavily in developing sustainable synthetic graphite. This is expected to help in growth of the market in the coming years,” says a Fact.MR analyst.
For More Information On How To Improve Your Flake Graphite Market Footprint, Request A Sample Here
https://www.factmr.com/connectus/sample?flag=S&rep_id=7003
Key Takeaways from Graphite Market Survey
Key Drivers
Key Restraints
Ask Your Graphite Market Related Questions & Get Customized Reports:
https://www.factmr.com/connectus/sample?flag=RC&rep_id=7003
Competitive Landscape
Key players are adopting organic strategies such as research and development activities to expand their product portfolio. Inorganic strategies such as collaborations and mergers are also on the card for leading players to increase their revenue. For instance,
Some of the leading market players operating in the graphite market profiled by Fact.MR are:
More Valuable Insights on Amorphous Graphite Market
In its latest report, Fact.MR report on global graphite market offers unbiased analysis, presenting historical demand data (2016-2020) and forecast statistics for the period from 2021 and 2031. The study also provides detailed analysis on the market which is segmented on the basis of:
By Product Type:
By Application:
Key Questions Covered in the Graphite Market Report
Explore Fact.MR’s Coverage on the Chemicals and Materials Domain:
Wide Mouth Bottles Market – The Asia Pacific dominates the market because of the growing economy of a country like China and India. Because the larger population of the country contributes to the number of the consumer of the reusable water bottle.
Insulated Envelops Market – The growth of the insulated envelops market is completely dependent on its ability to meet numerous demands of the logistic industry. Most of the businesses are shipping products on a global platform in wake of expanding distribution channels and increased scalability. The insulated envelopes market is set to witness a CAGR of 11.1%- 12.9% during 2021-2031.
Intelligent Packaging Market – Owing to increasing urban lifestyle and global population trends, the demand for ready-to-eat food and packaged, frozen has beheld a significant surge in demand in recent times. As a result, the Intelligent Packaging Market is set to witness a CAGR of 6.1% during 2021-2031.
About Fact.MR
Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. We have offices in US and Dublin, whereas our global headquarter is in Dubai. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Reach out to us with your goals, and we’ll be an able research partner.
Contact:
US Sales Office:
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583
E-Mail: sales@factmr.com
Corporate Headquarter:
Unit No: AU-01-H Gold Tower (AU),
Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers,
Dubai, United Arab Emirates
The article discusses the growth of the graphite market, focusing on synthetic graphite and its applications in electric vehicles and batteries.
The increasing use of graphite in lithium-ion batteries and electric vehicles is a major growth driver.
China, the U.S., and the U.K. are highlighted as key regions for graphite sales growth.
Explore more articles in the Research Reports category
