Graphite Market - Global Industry Analysis

Graphite Market By Type (Natural Graphite and Synthetic Graphite), By Application (Lubrication, Refractories, Foundry, and Battery Production), and By Region - Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, and Forecasts 2022 – 2028

Published Date: 21-Mar-2022 Category: Chemical & Materials Report Format : PDF Pages: 150 Report Code: ZMR-6959 Status : Published

The global graphite market was valued at $176 million in 2021 and is anticipated to surpass $198 million by the end of 2028. The market is projected to grow with a considerable CAGR of 2.3 % during the forecast period.

Description

The global graphite market was valued at $176 million in 2021 and is anticipated to surpass $198 million by the end of 2028. The market is projected to grow with a considerable CAGR of 2.3 % during the forecast period. The report is a comprehensive study of market definition, growth drivers, opportunities, and challenges. It is a holistic evaluation of the competitive and geographical landscape impacting the market growth.

Graphite Market: Overview

Graphite is a carbon mineral adopted in different applications like construction, lubrication, foundry, refractories, electric vehicles, and others. The growing scope of graphite in the end-user sectors is due to its superior properties like high metal removal rate, thermal shock resistance, easy to machine, reduced wear, and others. It is non-metal but owns metallic properties like the good conductor of heat & electricity, high strength, stiffness, and others. The two distinct types of graphite available in the market include synthetic and natural graphite. Graphite is a soft crystalline carbon allotrope. Graphite is widely used in the lithium-ion battery as an anode material.

COVID-19 Impact:

The outbreak of the Covid-19 has negatively impacted the growth of the global graphite market as it declines the demand for graphite from end-user sectors like automatic, metallurgy, and electronics. Traditionally, the production facilities across the world were halted due to the unavailability of the workforce and logistics slowdown globally.

Graphite Market: Growth Drivers

Increasing adoption of nuclear pebble bed reactors is likely to drive the growth of the global market.

Nuclear pebble bed reactors are an advanced variation of high-temperature gas reactors which require huge amounts of flake graphite for being used as moderators. These reactors reduce power which is far safer and more efficient than conventional reactors. A nuclear pebble reactor uses approximately 3000 tons of graphites. Graphite is widely used in the maturing electrical vehicle sector. The growing expansion of the automotive sector is a crucial factor impacting the growth trajectory of the global graphite market. The increasing use of lithium-ion batteries strengthened the demand for graphite as it is massively used as an anode material in the battery. In the automobile sector, graphite is considered an ideal replacement for asbestos. It is widely used in gaskets, clutch materials, brake lining, etc. An increase in demand for high-quality natural graphite is also likely to generate huge revenue in the global market in the forthcoming years.

Graphite Market: Restraints

Downtrend in the steel sector is a major restraint in the global market.

Steel and refractory are the primary consumers of flake graphite. The supply and demand equation is highly unbalanced, and the overcapacity imposed by major steel-producing regions like India, China, and Japan are also impacting the growth of the market. The decline in demand for steel is likely to lower the consumption of graphite electrodes during the forecast period.

Graphite Market: Opportunities

Technological advancements in the field of graphite are likely to offer ample opportunities in the global market.

Manufacturers are constantly increasing the research and development activities to innovate advanced technology for extracting graphite, which in turn is likely to create new avenues in the global market. Product launches and geographical expansion strategies are some other factors expanding the scope of the market.

Report Scope:

Report Attribute Details
Base Year 2020
Historic Years 2016 - 2020
Forecast Years 2021 - 2028
Segments Covered By Product Type, By Application, and By End Use
Forecast Units Value (USD Billion), and Volume (Units)
Quantitative Units Revenue in USD million/billion and CAGR from 2021 to 2028
Regions Covered North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World
Countries Covered U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others
Number of Companies Covered 10 companies with scope for including additional 15 companies upon request
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.
Customization Scope Avail customized purchase options to meet your exact research needs.

Graphite Market: Challenges

Stringent regulation imposed by the government is a huge challenge in the global market.

The government has imposed several restrictions and regulations regarding the mining processes all across the globe. Regulations are imposed due to certain factors like protection against climate, environment, and employee safety. But such a landscape has emerged as a huge challenge in the global market. Increasing prices of graphite is another key challenge faced by market players in the global market.

Graphite Market: Segmentation

The global graphite market can be segmented into application, type, and region.

By application, the market can be segmented into battery production, foundry, refractories, lubrication, and others.

By type, the market can be segmented into synthetic and natural graphite. The synthetic graphite segment can further be bifurcated into graphite powder, graphite block, carbon fiber, graphite electrodes, and others.

The natural graphite segment can further be bifurcated into vein graphite, flakes graphite, and amorphous graphite.

Recent Developments

  • BlackEarth Minerals, in October 2021, signed a venture agreement with Metachem Manufacturing to build an expandable graphite facility in India. The coming plant will initiate with a production capacity of around 2,000-2,500 tons per annum.
  • Betterray (Sichuan) New Material Technology Co., Ltd., in June 2021, held a massive celebration for the first phase of the lithium-ion battery anode material project.

Graphite Market: Regional Landscape

Asia Pacific accounts for the largest share in the global graphite market due to the presence of prominent market leaders and a strong customer base in the region. The fast proliferating automotive and construction sector in growing economies like China, Japan, and India will further accelerate the growth of the regional market.

Graphite Market: Competitive Landscape

Some of the significant players in the global graphite market include GrafTech International Ltd, HEG Limited, SEC CARBON LIMITED, Nippon Carbon Co Ltd, Graphite India Limited, Tokai Carbon Co., Ltd, SGL Carbon S.E., Toyo Tanso Co., Ltd., SHOWA DENKO K.K., and AMG Advanced metallurgical Group N.V.

Global graphite market is segmented as follows:

By Application

  • Lubrication
  • Refractories
  • Foundry
  • Battery Production
  • Others

By Type

Natural Graphite

  • Amorphous Graphite
  • Flake Graphite
  • Vein Graphite

Synthetic Graphite

  • Graphite Electrode
  • Carbon Fiber
  • Graphite Block
  • Graphite Powder
  • Others

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France 
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

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FrequentlyAsked Questions

Nuclear pebble bed reactors are an advanced variation of high-temperature gas reactors which require huge amounts of flake graphite for being used as moderators. These reactors reduce power which is far safer and more efficient than conventional reactors.

 

The global graphite market was valued at $176 million in 2021 and is anticipated to surpass $198 million by the end of 2028. The market is projected to grow with a considerable CAGR of 2.3 % during the forecast period.

Some of the significant players in the global graphite market include GrafTech International Ltd, HEG Limited, SEC CARBON LIMITED, Nippon Carbon Co Ltd, Graphite India Limited, Tokai Carbon Co., Ltd, SGL Carbon S.E., Toyo Tanso Co., Ltd., SHOWA DENKO K.K., and AMG Advanced metallurgical Group N.V.

Asia Pacific accounts for the largest share in the global graphite market due to the presence of prominent market leaders and a strong customer base in the region. The fast proliferating automotive and construction sector in growing economies like China, Japan and India will further accelerate the growth of the regional market.

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