Graphite Market to Surpass a Valuation of US$ 26,520.8 Mn by 2032: ChemView Consulting

According to a recent survey conducted by ChemView Consulting, the Global Graphite Market grew at a CAGR of 4.8% between 2017-2021 and is estimated to be US$ 15,974.6 Mn in 2022. Currently, the market is anticipated to grow at a CAGR of 5.2 % and is expected to reach a valuation of US$ 26,520.8 Mn by 2032 end.

The increasing use of graphite in the above-mentioned industries is owing to its several advantages such as reduced wear, ease to machine, thermal shock resistance, high metal removal rate, and others.

ChemView Consulting has analyzed The graphite market is experiencing sustained growth due to a growing demand for graphite, which is used across multiple industries including automotive, steel-making, and fuel cells. Significant technological disruptions such as the development of electric vehicles, green energy, and battery storage systems have raised the importance of graphite in an always-changing market landscape.

The demand in this industry is expected to rise shortly as the technological advancements in electric vehicles increase, which will create a greater demand for graphite. Numerous firms within the industry have been working on developing new products that can increase the charge and discharge capacities of batteries.

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Segments Covered in Report

By Product Type:

  • Natural Graphite
    • Flake
    • Amorphous
    • Vein
  • Synthetic Graphite
    • Graphite Electrode
    • Carbon Fiber
    • Graphite Blocks
    • Graphite Powder
    • Others

By Application:

  • Refractories
  • Lubricants & Crucible
  • Foundry Facing
  • Batteries
  • Others

By Region and Country:

  • North America (U.S., Canada)
  • Latin America (Brazil, Mexico, Rest of Latin America)
  • Europe (Germany, Italy, France, UK, Spain, Netherlands, Norway, Russia, Rest of Europe)
  • Asia-Pacific (China, Japan, South Korea, India, Indonesia, Thailand, Vietnam, Australia & New Zealand, Rest of Asia-Pacific)
  • Middle East (Saudi Arabia, Turkey, UAE, Rest of Middle East)
  • Africa (South Africa, Nigeria, Egypt, Rest of Africa)

Key Takeaways from the Graphite Market

  • Based on the application, Graphite-based refractories held the largest share of the graphite market in 2021, with a revenue share of over 30.0%. This ownership is attributable to factors such as graphite blocks made in refractories is used in various industries such as metal manufacturing, electronics, chemical, steel, and other fields but the main user is the metallurgical sector as such blocks are used for graphitization furnace, metallurgical furnace and resistance furnace.
  • Based on the Product type, In 2021, The largest share of natural graphite in the global graphite market is attributed to its large cost effectiveness, high productivity, and consumer preferences for quality products. Natural white mao-ching graphite has excellent lubricating properties and is suitable for oil refining processes.
  • Based on Region, In 2021, The Asia-Pacific region accounted for the largest share of the graphite market, with over 4% share in 2021. This core factor like the region consisting of countries like China, India, Japan, and South Korea has major end-users of graphite across the automotive sector, construction sector, metallurgical sectors, and others is the main contributor to this growing trend.

Competition Summary

Key companies covered in the market study are Showa Denko Materials Co., Ltd, BTR New Materials Group Co. Ltd, GrafTech International Holding Inc., Mason Graphite Inc., SGL Group, Triton Mineral Ltd., Nippon Graphite Industries Co. Ltd, Northern Graphite Corporation, Syrah Resource Limited, Graphite India Ltd.

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Report Key Highlights and Coverage

  • Our comprehensive, data-backed, and facts-oriented report provides niche and cross-sectional analysis at global and country levels.
  • Assessment of the historical (actual data) and current market size (2017-2021), market projections (2022-2032), and CAGR.
  • The market assessment across North America, Europe, East Asia, South Asia & Pacific, Latin America, Middle East, and Africa.
  • Competitive tactical intelligence, key strategies adopted by top players, production capacity and company shares analysis, product brand surveys, and export-import analysis
  • Pricing analysis to set and benchmark your current or future offerings across each product type helps you understand whether your pricing strategy is aligned with market expectations and can be compared to market disruptions.
  • Predictions on critical supply and demand trends and technological expertise needed to address operations scalability.
  • Consumer behavior shifts and their implications for players, list of end-users, and their consumption analysis.
  • Key drivers, restraints, opportunities, and emerging trends impacting the market growth.
  • Value chain analysis (list of manufacturers, distributors, end-users, and average profitability margins).
  • Strategic market analysis, recommendations, and future headways on crucial winning strategies.

About ChemView Consulting

ChemView Consulting is a leading information, market intelligence, and business consulting firm serving clients worldwide in Chemical & Materials, Food & Beverage, Oil & Gas, Clean Energy & Power, and Packaging domains. In their business transformation journey, we have been collaborating with global enterprises, including 70% of the largest Forbes 1000 enterprises, helping them deliver on their business ambitions. ChemView Consulting serves clients in approximately 100 countries, with its office in New York, U.S., and Pune, India.

What sets ChemView Consulting apart?

  • Full-time research experts and subject matter experts
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