November 25, 2021 04:23 ET | Source: Research and Market Research and Market
Dublin, November 25, 2021 (Global News Service)-"Graphite Market-Global Industry Analysis (2017-2020)-Growth Trends and Market Forecasts (2021-2025)" report has been added to ResearchAndMarkets.com's products. It is estimated that by 2025, the global graphite market value will increase from 16.4 billion U.S. dollars in 2017 to 26.8 billion U.S. dollars, with a compound annual growth rate of 8.5% in the forecast year. The high absorption rate of graphite in various industries will be attributed to its excellent thermal shock resistance, stiffness, better strength, and good thermal and electrical conductors.
The latest report points out that between the forecast years from 2021 to 2025, the global graphite market is expected to have a positive outlook. The demand for graphite will depend on its use in applications such as construction, electric vehicles, foundries, refractories and lubricants among others.
Steel production will maintain a stable opportunity for synthetic graphite
As of 2019, the demand for synthetic graphite accounts for about 60% of the overall demand for graphite. The use of synthetic graphite in steel production using electric arc furnace technology ensures a stable demand for this material.
The demand for synthetic graphite will continue to soar because it is still the material of choice for refractories and foundries, because it can maintain the ability to resist high currents and proves to be an excellent conductor of exceptional purity.
The dominance of synthetic graphite will be attributed to the emerging construction industry, which will generate demand for steel in the next few years. In the forecast years, new construction and renovation projects bode well for the global market. With the application of flake graphite in car batteries, natural graphite shows growth prospects
At the same time, as the application of natural graphite in lithium batteries becomes more and more prominent, the demand for natural graphite is expected to accelerate. Flake natural graphite is used to make flexible or expanded graphite, which can be used in lithium batteries.
It is expected that the growth of electric vehicle demand and sales will promote the development of this market segment during the forecast period. Analysts predict that battery storage and thermal management applications will drive the upward demand for natural graphite. Asia Pacific will occupy Lion's share of the global graphite market
From a geographical point of view, the Asia-Pacific region is expected to lead the global graphite market in the next few years, and China will become a major consumer country. The report shows that China accounted for 55% of the global graphite market in 2019.
The country's steel production in 2019 was 1,869.9 million tons, demonstrating this advantage.
Analysts also estimate that other developing countries in Southeast Asia and India are expected to contribute to the growth of the market in this region. In addition, the growth in the production of lithium batteries and other battery materials in countries such as Japan and South Korea is expected to provide huge room for growth in the market. According to the report, the leading Shenzhen BTR New Materials, Shanshan Technology, Showa Denko Material Co., Ltd., Nacional de Grafite, Qingdao Haida Graphite Co., Ltd. and Aoyu Graphite Group account for 50% of the global share. Graphite market.
The main insights on the global graphite market:
Main topics covered: 1. Executive summary 1.1. Snapshot of the global graphite market 1.2. Future forecast 1.3. Main market trends 1.4. Analyst recommendations 2. Market overview 2.1. Market definition and segmentation 2.2. Market dynamics 2.2.1. Drivers 2.2.2. Restrictions 2.2.3. Market opportunities 2.3. Value chain analysis 2.4. Porter's Five Forces Analysis 2.5. Covid-19 Impact Analysis 2.5.1. Supply 2.5.2. Demand 2.6. Graphite production process 2.7. Economic overview 2.8. Raw material impact analysis 3. Output and trade statistics 4. Price trend analysis and future projects, 2017-2025 4.1. 2017-2025 Price trend analysis and future projects 4.2. Global average price analysis, by product and application, US$5 per kilogram. Global graphite market outlook, 2017-2025 5.1. Global graphite market outlook, by product, quantity (thousand tons) and value (millions of dollars), 2017-2025 5.1.1. The main highlight is 5.1.1.1. Natural graphite 5.1.1.1.1. Flake 5.1.1.1.2. Amorphous 5.1.1.1.3. Vein 5.1.1.2. Synthetic graphite 5.2. Global graphite market outlook, by application, quantity (thousand tons) and value (millions of dollars), 2017-2025 5.2.1. The main highlight is 5.2.1.1. Electrode 5.2.1.2. Refractory and foundry 5.2.1.3. Battery 5.2.1.4. Recarburizer 5.2.1.5. Lubricant 5.2.1.6. Friction products 5.2.1.7. Miscellaneous (graphite shapes, aerospace materials, etc.) 5.3. Global graphite market outlook, by region, quantity (thousand tons) and value (millions of dollars), 2017-2025 5.3.1. The main highlight is 5.3.1.1. North America 5.3.1.2. Europe 5.3.1.3. Asia Pacific 5.3.1.4. Latin America 5.3.1.5. Middle East and Africa 6. 2017-2025 North American graphite market outlook 7. 2017-2025 European graphite market outlook 8. 2017-2025 Asia Pacific graphite market outlook 9. 2017-2025 Latin America graphite market outlook 10. Central East Africa And Africa Graphite Market Outlook, 2017-2025 11. Competitive landscape 11.1. Product and application heat map 11.2. Graphite market structure 11.3. Analysis of the company's market share, 11.4 in 2019. Technology development 11.5. Analysis of the company's manufacturing footprint 11.6. Company Profile
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