Global Raw Graphite Industry report studies the CAGR value fluctuation for the graphite market in 2019-2024. Due to increased demand at the end-user level, the graphite market is expected to see tremendous progress during the forecast period. The report also addresses key market player movements, including acquisitions and mergers, launch of new products, agreements, partnerships, collaborations and joint ventures, R&D, and regional expansion of key players in global and regional graphite markets. The report makes provision for an overview of the graphite market and detailed market segmentation throughout the world by component, equipment, application and major geographic areas. The study above provides an analysis of the market share of the chemical & mineral company to provide a comprehensive overview of key market players with segments tailored to the market’s size, growth rate and overall market attractiveness. This graphite report also includes all drivers and restrictions on the graphite market using SWOT analysis.
Graphite market accounted for USD 28.0 billion in 2016 and is projected to grow at a CAGR of 5.4% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic years 2014, 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
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Major Market Competitors: Global Graphite Market
Some of the major players in the graphite market include northern graphite corporation, Asbury Graphite Mills, Flinders Resources Ltd, Showa Denko K.K. SEC Carbon Ltd., Triton Minerals Ltd., Hexagon Resources Limited, Mason Graphite, Inc., Focus Graphite Inc., Energizer Resources Inc., SGL Group, Mersen Group, Graftech International Ltd., Graphite India Limited HEG Limited, Tokai Carbon Co. Ltd.,Toyo Tanso Co. Ltd. and many more.
Major Market Drivers & Restraint:
- Growing application of graphite in the wind energy industry
- Increasing demand for lithium-ion batteries and fuel cells
- Increasing use of graphite in the manufacturing of structural composite parts used in the aircrafts
- Insufficient production capacity
Market Segmentation: Global Graphite Market
The graphite market is segmented on the basis of type into natural graphite and synthetic graphite.The natural graphite is further segmented into flake graphite, vein graphite and amorphous graphite.
On the basis of application, the market is segmented into refractory, foundry, battery, friction product, lubricant and others. Refractory segment is expected to grow at the highest CAGR in the forecast period.
On the basis of geography, the graphite market report covers data points for 28 countries across multiple geographies such as North America, South America, Europe, Asia-Pacific and Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others. In 2017, Asia-Pacific is expected to dominate the market.
Competitive Landscape: Global Graphite Market
The global graphite market is highly fragmented with the presence of a large number of players across different regions. These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
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