Graphite Market is expected to grow at a CAGR of 4.1%

Graphite Market
Global Graphite Market, by form (Natural graphite and Synthetic graphite), by Application (Electrode, Refractory, Lubricant, Foundry, Battery, Others)- Global Forecast 2027

Pune, India, October, 2017/MRFR Press Release/- Market Research Future published a research report on Global Graphite Market Forecast Up to 2027,”-Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2027

Graphite Market- Overview:

Graphite is a natural form of crystalline carbon. This Graphite is a primary element mineral which is found in metamorphic and igneous rocks. It is extremely soft, cleaves with very light pressure, and has a very low definite gravity. It is a material which is highly resistant to heat and nearly becomes inactive in contact with other materials. These properties give it a varied range of uses in metallurgy and manufacturing.

The main usage of Graphite is in making lead pencils of different hardness, it is done by combining it with different proportions of clay. The soft layers of carbon atoms in graphite easily glide over each other and are visible in papers as black marks.  Its slippery nature helps it to be used in dry machine parts. The occurrence of free electrons makes Graphite a good conductor of electricity and it is used to make electrodes. Graphite has the capability to absorb fast-moving neutrons, so it is used in nuclear reactors to maintain the speed of the nuclear fission.

The Global Graphite Market has various growth opportunities, due to the increase of the demand for lightweight materials in aircraft components such as carbon fiber-reinforced polymers. The battery manufacturing segment is anticipated to control huge part in the market, because of increasing developments and advancements in the technologies adopted in the production of lithium-ion batteries. Moreover, growth in the demand for graphite, particularly in steel industry as a liner for crucibles & ladles, are another major factor driving the overall demand for graphite globally.

The major necessity of using graphite filament and components in the automobile industry is probably the necessary driver for growth of global graphite market. Cylinder heads, motors, clutch materials, disk brake linings & pads, gaskets, and exhaust systems, among others, are manufactured with graphite as the core material.

The only factor restraining the growth of this global graphite market is the scarcity of producing more graphite. With the increasing demand it can be forecasted that graphite dealers will face serious threat as there is no alternative to manufacture graphite, it is completely a natural product.

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Graphite Market- Competitive Analysis:

The global graphite market is extremely competitive because of the existence of several global and regional sellers. Reduced prices and anti-dumping duty act in WTO member countries intensifies the complexity of the market. The market vendors also experienced a major threat from Chinese graphite electrode producers that export products at moderately lower rates. Though the implementation of anti-dumping duty and the scarcity of raw materials for graphite electrodes will continue to effect the steel melting industry for steel production. 

Zenyatta Ventures Ltd is really excited to announce the start of a collaboration program with Alliance Rubber Company and the University of Sussex, UK to advance enhanced rubber products using graphene converted from the Company’s high-purity Albany graphite.

Some of the major companies contributing in the growth of this graphite market are Triton Minerals Limited, Northern Graphite Corporation, Focus Graphite Inc, Alabama Graphite Corp, Flinders Resources Limited, Energizer Resources Inc., Mason Graphite Inc, Lamboo Resources Limited.

Graphite Market Regional Analysis:

Geographically North America is primarily dominating this graphite market. Countries like US, Mexico, Canada are majorly contributing in the growth of this market. In the second place there is Europe where there are countries like Germany, Italy, France and UK who are continuously helping the booming of this market. Asia Pacific consists of countries like China, Japan and India where the utility of graphite is really high. China, Japan and South Korea has the maximum number of automobile company which is the primary reason for the growth of this market in these regions. Middle East is also occupying huge part of the market.

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