Graphite Market Analysis Report (2019 - 2024)
Graphite is a mineral form of the carbon matter that is formed as the result of the metamorphism of organic material incorporated in limestone deposits. It is an extremely soft mineral, and it breaks into the minute, flexible flakes that can freely slide over one another. This feature accounts for graphite’s distinctive greasy texture. This greasy nature makes graphite a good lubricant. It is the only non-metal element that is a good conductor of electricity.
The global graphite market was valued at nearly $1,282.7 million in 2018. Presently, as per the latest reports, the industry size for this market is expected to register a CAGR of 5.4% during the forecast period of 2020 - 2025.
Recent Developments:
Pre-controlled Alignment of Graphite Nanoplatelets in Polymeric Composites Prevents Bacterial Attachment. To examine this, composites of graphite nanoplatelets (GNP) and low‐density polyethylene (LDPE) are extruded in controlled conditions to obtain the controlled orientation of GNP flakes within the polymer matrix.
In China, technological advancements in the graphite electrodes market have been growing, and in Africa, graphite mines are using underground drones for productive mining operations.
Market Drivers and Restraints:
The rising demand for graphite for lightweight materials in aircraft components and the opening of new graphite mines have increased the growth rate of the Graphite industry. These factors are anticipated to provide greater momentum to the market growth in the forecast period.
However, the high cost of extraction which further increases the cost of graphite, along with the limited mines of graphite and transportation and handling facilities, are some of the factors which could possibly inhibit the growth of the graphite market in the near future.
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The report is segmented as:
By Application
• Lubricants
• Batteries
• Refractories
• Pencils
• Foundry
• Others
By Size
• Small
• Medium
• Large
• Jumbo
• Fine
By Product Type
• Synthetic
• Natural
By End-User
• Metallurgy
• Electronics
• Others
Geographical Segmentation
Among the geographical regions, the Asia Pacific will continue to dominate in the forecast period, majorly driven by the expanding number of electric and hybrid vehicle production units, rise in the number of infrastructure and construction activities in emerging countries, inflation in the demand of batteries for various applications and surge in the production of the mobile phones, laptops, and other electronic devices. The graphite industry in Europe is also rapidly growing due to the technological developments in the automotive industry.
Key market players:
1. Triton Minerals Ltd.
2. Syrah Resources Limited
3. Focus Graphite Inc.
4. Tirupati Carbons & Chemicals Private Limited
5. Mason Graphite
6. Energizer Resources Inc.
7. Northern Graphite Corporation
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Scope of the report:
The report offers a comprehensive examination of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along with this, the factors influential in influencing the market dynamics and trends discussed in detail at the product level.
Further, the performance of the market at the regional and country-level had assessed and the prospects with huge growth potential identified and debated.
The key players in the industry are profiled giving insights on their financial performance, market position and growth strategies. Comparative analysis on prime strategically activities of the market players delineating the key developments like mergers & acquisitions, collaborations and an evaluation of the competitive environment within the industry had provided. The report also provides a broad outlook of the current market along with recommendations from industry experts on the opportunities for investment activity.
What else? Apart from the syndicated report, our in-house team has expertise and experience in designing custom reports to meet your specific research needs and assist you in making well-informed decisions.
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