New York City, 07 February 2019: The global Graphite Market is
anticipated to reach USD 28.33 billion by 2026 according to a new study
published by Polaris Market Research
Graphite has
been in the focus of several exploration companies in the present industry
scenario, particularly owing to the developments in battery technologies
related to the emerging electric vehicle and green energy market has positively
influenced the graphite market growth. Exploration of graphite has increased
during the past few years. This has been due to development in several scenarios
including deposit size, contained graphite and enterprise value or tone of
product value, location suitability and availability (decrease in country
risk), betterment of logistics segment, flake size distribution, authenticity
in product purity, off take agreements and technology development has enabled
in cutting down production timeframe.
 |
Natural
graphite is a soft density with low density and metallic luster. It occurs in
several forms including flake, amorphous and vein. Flexibility of the product
along with it metallic and non-metallic properties makes it applicable for
diverse industrial uses. Some of its non-metallic characteristics include high
thermal resistance, lubricity and chemical inertness. Metallic properties
include electrical and thermal conductivity. These make it suitable for several
applications in various industrial appliances which further boost the graphite
market growth. Artificially manufactured synthetic graphite from raw materials
such as tar pitch and petroleum coke has also gained significant importance in
the present industry scenario.
Current
product demand is directly related to several industrial applications such as
automotive, refractory, lubricants and batteries. Although hi-tech battery
anodes are driving product demand in the graphite market. Similarly,
refractories demand from the steel industry has been a dominant application
segment for production and consumption of naturally occurring graphite, which
is in tandem to the global steel production. Product application in lithium
batteries has gained significant momentum due to increasing interest in
portable electronics, electric vehicles, and commercial energy storage systems.
Some other potential growing market includes application of expandable graphite
for insulation, foil and other fireretardant products. Hence with such
increasing application segments, demand for graphite is expected to increase
further over the forecast period.
Competitive Landscape and Key Vendors:
Asia Pacific
region was the leading regional market in the global graphite market. China was
the largest producer and consumer globally and accounts for almost one third of
global sales. The other major consumers in the region include India, the U.S.,
Japan and South Korea. The region’s growing end-use industries including
refractory and automobile has lead to the increasing product demand.
Some of the
leading industry participants in the global graphite market include Toyo Tanso
Co. Ltd., Tokai Carbon Co. Ltd., HEG Limited, Graphite India Limited, Graftech
International Ltd., Mersen Group, SGL Group, Energizer Resources Inc., Focus
Graphite Inc., Mason Graphite, Inc., Hexagon Resources Limited, and Triton
Minerals Ltd.
No comments:
Post a Comment