2021 Global Graphite Market Report: Steel production provides stable opportunities for synthetic graphite

2021-11-16 20:34:41 By : Mr. Chong Weng

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Dublin, November 12, 2021 /PRNewswire/-"Graphite Market-Global Industry Analysis (2017-2020)-Growth Trends and Market Forecasts (2021-2025)" report has been added to ResearchAndMarkets.com's products.

During the forecast year 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.

According to the research report, by 2025, the global graphite market is expected to grow 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. Main insights on the global graphite market:

Natural flake graphite is the fastest growing product type and will continue to lead with a healthy growth rate of 9.5% between 2021 and 2025.

In terms of value and quantity, batteries will grow the fastest between 2021 and 2025, reaching 17.9%. An HEV contains an average of up to 10 kilograms of graphite, while in an electric car, it is up to 70 kilograms.

At present, synthetic graphite is the material of choice for battery anode materials. However, in the past few years, due to its cost competitiveness and performance, a major shift to natural flake graphite has been observed.

Graphite is the most preferred battery anode material for rechargeable batteries, and the battery segment is expected to create an incremental opportunity worth US$4.6 billion between 2020 and 2025.

In 2019, the Asia-Pacific region is the largest graphite consumer, and the value is expected to increase by 9.1% between 2021 and 2025.

Due to environmental issues, China's graphite production is expected to consolidate. The new company is entering the graphite field, especially in the processing of natural flake graphite. Graphite is considered a green energy and technical material.

Steel production stabilizes the synthetic graphite machine. In 2019, the demand for synthetic graphite accounts for about 60% of the total 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 resistance to 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 automobile 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 demand for natural graphite upward. The Asia-Pacific region will occupy a major 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 dominance. 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 production of lithium batteries and other battery materials in countries such as Japan and South Korea continues to grow, which is expected to provide huge room for growth in the market. Main topics covered: 1. Executive summary 2. Market overview 3. Production and trade statistics 4. Price trend analysis and future projects, 2017-2025 5. Global graphite market outlook, 2017-2025 6. North American graphite market outlook, 2017- 2025 7. 2017-2025 European graphite market outlook 8. 2017-2025 Asia-Pacific graphite market outlook 9. 2017-2025 Latin America graphite market outlook 10. 2017-2025 Middle East and Africa graphite market outlook 1. Intense competitive landscape

Showa Denko Materials Co., Ltd.

Hunan Zhongke Xinshi Technology Co., Ltd.

Qingdao Haida Graphite Co., Ltd.

For more information about this report, please visit https://www.researchandmarkets.com/r/9jlg64

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