The global graphite market was valued at $15.06 billion in 2014 and it is expected to grow at a CAGR of 4.0% during the period 2015 – 2020. Based on form, the synthetic graphite segment hold the larger share, with $13.64 billion value, of the total market in 2014; and it is expected to reach $17.14 billion in 2020, at a CAGR of 3.9% for the period 2015-2020. By geography, the Asia-Pacific graphite market (largest market in 2014) increased by 4% CAGR during 2011-2014 to reach $10.19 billion in 2014 in terms of value. Based on application, the electrode industry holds the largest share of overall market in 2014. Some of the major drivers behind the growing demand for graphite electrode in the Asia-Pacific market include increasing demand for steel.

Explore More About Global Graphite Market: https://www.psmarketresearch.com/market-analysis/graphite-market

The information and data in the publication “Global Graphite Market Size, Share, Development, Growth and Demand Forecast to 2020” represent the research and analysis of data from various primary and secondary sources. Top-down approach has been used to calculate the global graphite market by form and by application. The market numbers for regions are also derived through top-down approach.. P&S Market Research analysts and consultants interacted with leading companies of the domain to substantiate every single data presented in this report. “We base our primary research on discussions with prominent professionals and analysts in the industry, aided by informed and detailed online and offline research.”

In recent years, the demand for lithium-ion battery has increased significantly due to the increasing use of electronic gadgets such as cameras, laptops, mobile phones, and tablets globally.  Additionally, increase in electric vehicles ownership is anticipated to propel the lithium-ion market. This, in turn is anticipated to propel the demand for graphite.   

Some of the major drivers behind the growth of the graphite market include increasing use of graphite in batteries, growing demand of graphite in steel industry, and increasing use of graphite in automotive industry. High demand of graphite in battery industry is anticipated to propel the global graphite market. Tesla Motors, Inc. has announced plans to construct a new $5 billion lithium-ion battery factory (gigafactory at Nevada, U.S.). Due to this, the demand for natural graphite is anticipated to increase by a by 2020. Commercial acceptance of graphene is anticipated to provide further opportunities for the graphite market in near future. Graphene is expected to play an important role in near future by creating a positive impact on various industries such as power generation, conductor, battery, and electronics industries.

Browse related reports: https://www.psmarketresearch.com/industry-report/chemicals-materials-and-energy

The major restraint associated with the global graphite market is increasing demand-supply gap. The increasing use of graphite in automotive, steel, and photovoltaic (PV) industries may create a huge gap in the demand and supply balance in near future. In 2013, the China PV industry witnessed rapid development. Due to this, the global supply and demand gap for the isostatic form of graphite broadened to 1,500 tons.  

The key companies operating in the global graphite market include Triton Minerals Ltd., Lamboo Resources Limited, Mason Graphite, Focus Graphite Inc., Energizer Resources Inc., Northern Graphite Corporation, Alabama Graphite Corp., Flinders Resources Ltd., Syrah Resources Limited, SGL Carbon SE, GrafTech International Holdings Inc, Graphite India Limited, Nippon Graphite Industries Co. Ltd., Asbury Graphite Mills Inc, Showa Denko K.K., and Tokai Carbon Co. Ltd.

About P&S Market Research

P&S Market Research is a global market research and consulting company. We provide market research reports, industry reports, business intelligence and research based consulting services across a range of industries.

With the help of our professional corporate relations with various companies, our market research offers the most accurate market forecasting. Our analysts and consultants interact with leading companies of the concerned domain to substantiate every single data presented in our publication.  Our research assists our client in identifying new and different windows of opportunity and frame informed and customized strategies for expansion in different regions.

Media Contact
Company Name: P&S Market Research
Contact Person: Abhishek, Executive – Client Partner
Email: enquiry@psmarketresearch.com
Phone: +1-888-778-7886 (USA/Canada Toll-Free)
Address:347, 5th Ave. #1402
City: New York City
State: NY
Country: United States
Website: https://www.psmarketresearch.com/market-analysis/graphite-market