The Global Graphite Market is expected to reach US $37.48 billion by 2027, thanks to growth in the refractories segment. The report analyzes graphite market dynamics by region and applications.
Graphite Market Overview:The graphite market was valued at US $26.23 Bn. in 2020, and it is expected to reach US $37.48 Bn. by 2027 with a CAGR of 5.23% during the forecast period. Graphite (also known as plumbago), is a crystalline form of the carbon element with an arrangement of atoms in the hexagonal pattern. It occurs naturally being the most stable form of carbon under ordinary conditions. It turns into a diamond at high pressures and temperatures. It is a mineral, which is found in lubricants and pencils. It is an excellent electricity and heat conductor. It is strong conductivity makes it ideal for electrodes, batteries, and solar panels. According to the World Bank, the global graphite demand is expected to increase by 500% by 2050. To know about the Research Methodology :- Request Free Sample Report The report has covered the market trends from 2016 to forecast the market through 2027. 2020 is considered a base year however 2020's numbers are on the real output of the companies in the market. Special attention is given to 2020 and the effect of lockdown on the demand and supply, and also the impact of lockdown for the next two years on the market. Some companies have done well in lockdown also and specific strategic analysis of those companies is done in the report.
Global Graphite Market Dynamics:
Revolution In Lithium-Ion Battery:Batteries are going to be smaller, last longer, and supply more power in the future. Batteries that are lightweight, long-lasting, safe, and can be implanted without needing to be replaced frequently are used in electric cars, power tools, medical equipment, and portable electronic devices. Lithium-ion and lithium iron phosphate batteries, both of which use graphite as an anode material, are the most advanced battery systems. These batteries make about 25% of the global graphite demand. To power an electric vehicle, a Li-ion battery requires substantially more graphite than lithium, making high-quality battery anode materials scarce. Batteries power smartphones, electric cars, and 3D printers, as well as fuel cells that generate electricity through a chemical process. It is a massive business that is only going to get bigger, with lithium-ion battery consumption expected to climb 10 times by 2029.
Electric Vehicles:With climate change and carbon dioxide reductions driving global demand for greener transportation options, global EVs sales reached a new high of 10 million in 2020. For EVs, bikes, and other vehicles, lithium-ion batteries are the gold standard. In 2016, Tesla made history when it launched the first stage of its Giga-factory with an intention to generate adequate lithium-ion batteries to supply power to 1,500,000 EVs/year. There were 115 Giga factories in the works around the world as of December 2019.
Industrial Applications:Markets for traditional graphite are also thriving. Graphite has long been in demand for a variety of applications, including pencils and refractory materials for furnaces, kilns, incinerators, and reactors, as well as flame deflector systems for rocket launch structures. Automobile parts, inks and coatings, paints, polymers and plastics, lubricants and grease, ceramics, drilling fluids, steel pipe and tubing, fire retardants, and oil spill response solutions all contain graphite. Thus, growing industrial applications are likely to drive the market growth over the forecast period.
Surging Prices of Graphite:China dominates the world's 70% to 80% supply of graphite. Graphite prices in China grew nearly every month in 2021, as supply disruptions met with demand recovery. In mid-July, Fast Markets IM prices for 80% grade (fob China) reached US$ 410/tonne, up 32% from January and 49% higher than the previous low in September 2020. As a result of continued environmental inspections and consequent production plant closures, as well as considerable increases in transit costs from China as markets restored after COVID-19, prices for both flake and amorphous graphite climbed through Q4 2020 and Q1 2021. To avoid fines for failing to meet emissions standards, some businesses have voluntarily cut production. Thus, the surging price of graphite globally is expected to be a major barrier to the growth of the market over the forecast period.
Global Graphite Market Segment Analysis:Based on Type, the graphite market is segmented, crystalline graphite, amorphous graphite, lump graphite, and highly ordered pyrolytic graphite. In 2020, the amorphous graphite segment was dominant and held xx% of the overall market share in terms of revenue as it is widely used in many industrial applications. Amorphous graphite is a mineral found in seams. It is found in a variety of lubrication products, including greases, forging lubricants, and so on. This type of graphite is an excellent alternative for situations where a higher ash content is acceptable or requested. Based on Application, the graphite market is segmented as, refractories, batteries, steel making, brake linings, foundry facings and lubricants, pencils, and others. In 2020, the refractories segment was dominant and held more than 50% of the overall market share in terms of revenue. The segment’s growth can be related to the booming industrial operations and development and the increased demand for graphite from industries, such as aerospace, construction, automotive, and metal production.
Global Graphite Market Regional Insights:In 2020, the Asia Pacific region was dominant and held more than xx% of the overall market share in terms of revenue. The growth of the graphite market in these regions has been supported by the presence of major players in the production of batteries for electric vehicles and an increase in end-use sectors such as automotive, electronics, as well as increasing per capita income. As per the International Energy Agency (IEA), after a decade of significant growth, there were 10 million EVs on the road around the world by the end of 2020, despite the pandemic-related global decline in car sales, which saw global car sales decline 16% in 2020, EVs registrations increased by 41%. An increasing population and greater demand for high-quality goods have also helped the market's development in this region. The North American market held a considerable xx% of the overall market share in 2020 and is expected to grow at a CAGR of approximately xx% during the forecast period. Thanks to the fact that the region is the largest purchaser of smartphones and electronic equipment for a variety of industrial and home operations. Whether it's defense or manufacturing, every industry in the region uses electronic equipment in some form. The objective of the report is to present a comprehensive analysis of the market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding the global market dynamics, structure by analyzing the market segments and projecting the global market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the global market makes the report investor's guide.
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Global Graphite Market Report Coverage Details Base Year: 2020 Forecast Period: 2021-2027 Historical Data: 2016 to 2020 Market Size in 2020: US $ 26.23Bn. Forecast Period 2021 to 2027 CAGR: 5.23% Market Size in 2027: US $ 37.48Bn. Segments Covered: by Type • Crystalline Graphite • Amorphous Graphite • Lump Graphite • Highly Ordered Pyrolytic Graphite by Application • Refractories • Batteries • Steelmaking • Brake linings • Foundry facings and lubricants • Pencils • Others
Graphite Market, by Region• North America • Europe • Asia Pacific • The Middle East and Africa • South America
Graphite Market Key Players• Graf Tech International Holdings Inc. • Graphite India Ltd. • Triton Minerals Ltd. • Mason Graphite Inc. • SGL Group • International Graphite • Asbury Carbons • BTR New Energy Materials Inc. • Focus Graphite Inc. • Hitachi Chemical Co. Ltd. • Imerys Graphite & Carbon • Lianyungang Jinli Carbon Co. Ltd. • Syrah Resources Limited • Qingdao Black Dragon Graphite Co. Ltd. • Tokai Carbon • Others
Frequently Asked Questions:1. What is the forecast period considered for the Graphite market report? Ans. The forecast period for the graphite market is 2021-2027. 2. Which key factors are hindering the growth of the Graphite market? Ans. The surging price of graphite because of the supply-demand gap is the only key factor expected to hinder the growth of the market during the forecast period. 3. What is the compound annual growth rate (CAGR) of the Graphite market for the next 6 years? Ans. The graphite market is expected to grow at a CAGR of 5.23% during the forecast period (2021-2027). 4. What are the key factors driving the growth of the Graphite market? Ans. The growing electronic industry, a revolution in lithium-ion batteries, and the growing craze about electric vehicles across the globe are the key factors expected to drive the growth of the market during the forecast period. 5. Which are the worldwide major key players covered for the Graphite market report? Ans. GrafTech International Holdings Inc., Graphite India Ltd., Triton Minerals Ltd., Mason Graphite Inc., SGL Group, International Graphite, Asbury Carbons, BTR New Energy Materials Inc., Focus Graphite Inc, Hitachi Chemical Co. Ltd., Imerys Graphite & Carbon, Lianyungang Jinli Carbon Co. Ltd., Syrah Resources Limited, Qingdao Black Dragon Graphite Co. Ltd., Tokai Carbon, and Others.
1. Global Graphite Market: Research Methodology 2. Global Graphite Market: Executive Summary 2.1. Market Overview and Definitions 2.1.1. Introduction to Global Graphite Market 2.2. Summary 2.2.1. Key Findings 2.2.2. Recommendations for Investors 2.2.3. Recommendations for Market Leaders 2.2.4. Recommendations for New Market Entry 3. Global Graphite Market: Competitive Analysis 3.1. MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2. Consolidation in the Market 3.2.1. M&A by region 3.3. Key Developments by Companies 3.4. Market Drivers 3.5. Market Restraints 3.6. Market Opportunities 3.7. Market Challenges 3.8. Market Dynamics 3.8.1. PORTERS Five Forces Analysis 3.8.2. PESTLE 3.8.3. Regulatory Landscape by region 188.8.131.52. North America 184.108.40.206. Europe 220.127.116.11. Asia Pacific 18.104.22.168. The Middle East and Africa 22.214.171.124. Latin America 3.8.4. COVID-19 Impact 4. Global Graphite Market (Value) by region: 4.1. Global Graphite Market, by Type 4.1.1. Crystalline Graphite 4.1.2. Amorphous Graphite 4.1.3. Lump Graphite 4.1.4. Highly Ordered Pyrolytic Graphite 4.2. North America Graphite Market 4.2.1. North American Graphite Market, by Type 126.96.36.199. Crystalline Graphite 188.8.131.52. Amorphous Graphite 184.108.40.206. Lump Graphite 220.127.116.11. Highly Ordered Pyrolytic Graphite 4.2.2. United States 4.2.3. Canada 4.2.4. Mexico 4.3. European Graphite Market 4.3.1. European Graphite Market, by Type 18.104.22.168. Crystalline Graphite 22.214.171.124. Amorphous Graphite 126.96.36.199. Lump Graphite 188.8.131.52. Highly Ordered Pyrolytic Graphite 4.3.2. UK 4.3.3. France 4.3.4. Germany 4.3.5. Italy 4.3.6. Spain 4.3.7. Sweden 4.3.8. Austria 4.3.9. Rest Of Europe 4.4. Asia Pacific Graphite Market 4.4.1. Asia Pacific Graphite Market, by Type 184.108.40.206. Crystalline Graphite 220.127.116.11. Amorphous Graphite 18.104.22.168. Lump Graphite 22.214.171.124. Highly Ordered Pyrolytic Graphite 4.4.2. China 4.4.3. India 4.4.4. Japan 4.4.5. South Korea 4.4.6. Australia 4.4.7. ASEAN 4.4.8. Rest Of APAC 4.5. The Middle East and Africa Graphite Market 4.5.1. The Middle East and Africa Graphite Market, by Type 126.96.36.199. Crystalline Graphite 188.8.131.52. Amorphous Graphite 184.108.40.206. Lump Graphite 220.127.116.11. Highly Ordered Pyrolytic Graphite 4.5.2. South Africa 4.5.3. GCC 4.5.4. Egypt 4.5.5. Nigeria 4.5.6. Rest Of ME&A 4.6. Latin America Graphite Market 4.6.1. Latin America Graphite Market, by Type 18.104.22.168. Crystalline Graphite 22.214.171.124. Amorphous Graphite 126.96.36.199. Lump Graphite 188.8.131.52. Highly Ordered Pyrolytic Graphite 4.6.2. Brazil 4.6.3. Argentina 4.6.4. Rest Of Latin America 4.7. Global Graphite Market, by Application 4.7.1. Refractories 4.7.2. Batteries 4.7.3. Steelmaking 4.7.4. Brake linings 4.7.5. Foundry facings and lubricants 4.7.6. Pencils 4.7.7. Others 4.8. North America Graphite Market 4.8.1. North American Graphite Market, by Application 184.108.40.206.1. Refractories 220.127.116.11.2. Batteries 18.104.22.168.3. Steelmaking 22.214.171.124.4. Brake linings 126.96.36.199.5. Foundry facings and lubricants 188.8.131.52.6. Pencils 184.108.40.206.7. Others 4.8.2. United States 4.8.3. Canada 4.8.4. Mexico 4.9. European Graphite Market 4.9.1. European Graphite Market, by Application 220.127.116.11.1. Refractories 18.104.22.168.2. Batteries 22.214.171.124.3. Steelmaking 126.96.36.199.4. Brake linings 188.8.131.52.5. Foundry facings and lubricants 184.108.40.206.6. Pencils 220.127.116.11.7. Others 4.9.2. UK 4.9.3. France 4.9.4. Germany 4.9.5. Italy 4.9.6. Spain 4.9.7. Sweden 4.9.8. Austria 4.9.9. Rest Of Europe 4.10. Asia Pacific Graphite Market 4.10.1. Asia Pacific Graphite Market, by Application 18.104.22.168.1. Refractories 22.214.171.124.2. Batteries 126.96.36.199.3. Steelmaking 188.8.131.52.4. Brake linings 184.108.40.206.5. Foundry facings and lubricants 220.127.116.11.6. Pencils 18.104.22.168.7. Others 4.10.2. China 4.10.3. India 4.10.4. Japan 4.10.5. South Korea 4.10.6. Australia 4.10.7. ASEAN 4.10.8. Rest Of APAC 4.11. The Middle East and Africa Graphite Market 4.11.1. The Middle East and Africa Graphite Market, by Application 22.214.171.124.1. Refractories 126.96.36.199.2. Batteries 188.8.131.52.3. Steelmaking 184.108.40.206.4. Brake linings 220.127.116.11.5. Foundry facings and lubricants 18.104.22.168.6. Pencils 22.214.171.124.7. Others 4.11.2. South Africa 4.11.3. GCC 4.11.4. Egypt 4.11.5. Nigeria 4.11.6. Rest Of ME&A 4.12. Latin America Graphite Market 4.12.1. Latin America Graphite Market, by Application 126.96.36.199.1. Refractories 188.8.131.52.2. Batteries 184.108.40.206.3. Steelmaking 220.127.116.11.4. Brake linings 18.104.22.168.5. Foundry facings and lubricants 22.214.171.124.6. Pencils 126.96.36.199.7. Others 4.12.2. Brazil 4.12.3. Argentina 4.12.4. Rest Of Latin America 4.13. Company Profile: Key Players 4.13.1. GrafTech International Holdings Inc. 188.8.131.52. Company Overview 184.108.40.206. Financial Overview 220.127.116.11. Global Presence 18.104.22.168. Type Portfolio 22.214.171.124. Business Strategy 126.96.36.199. Recent Developments 4.13.2. Graphite India Ltd. 4.13.3. Triton Minerals Ltd. 4.13.4. Mason Graphite Inc. 4.13.5. SGL Group 4.13.6. International Graphite 4.13.7. Asbury Carbons 4.13.8. BTR New Energy Materials Inc. 4.13.9. Focus Graphite Inc 4.13.10. Hitachi Chemical Co. Ltd. 4.13.11. Imerys Graphite & Carbon 4.13.12. Lianyungang Jinli Carbon Co. Ltd. 4.13.13. Syrah Resources Limited 4.13.14. Qingdao Black Dragon Graphite Co. Ltd. 4.13.15. Tokai Carbon 4.13.16. Others