In a recent published report, Kenneth Research has updated the market report for Graphite Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Graphite Market products.
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The Graphite market was valued at USD 17613.93 Million in the year 2018. Over the recent years, Graphite market has been witnessing considerable growth on the back of rapid demand of graphite for various applications including lithium ion and hybrid and electric vehicles and also increasing demand for high-purity graphite in fuel-cell and battery applications. In addition, rising demand of graphite for lightweight materials in aircraft components, opening of new graphite mines have contributed to the growth rate of Graphite market. These factors are anticipated to provide higher momentum to the market growth in the forecast period.
Among all the types of Graphite that includes natural graphite and synthetic graphite. synthetic graphite holds the highest market share in the Graphite Market owing to the superior consistency and high purity of synthetic graphite compared to the natural graphite, increasing demand from the electronic industries, high demand of graphite for the graphite electrode manufacturing, carbon fibres and also growing demand from the nuclear industry.
Among the regions, Asia Pacific Market will continue to be the largest market in the forecast period, majorly driven by escalating number of manufacturing of electric and hybrid vehicles, growing infrastructure and construction in developing countries, rise in the demand of batteries for various application, rise in the production of the mobile phones, laptops and other electronic devices.
Scope of the Report
Global Graphite Market (Actual Period: 2017-2018, Forecast Period: 2019-2024)
• Graphite Market – Size, Growth, Forecast
• Analysis By Type: Natural Graphite, Synthetic graphite
• Analysis By Application: Refractory Materials, Batteries, Others
Regional Graphite Market – North America, Europe, APAC, and ROW (Actual Period: 2017-2018, Forecast Period: 2019-2024)
• Graphite Market – Size, Growth, Forecast
• Analysis By Type: Natural Graphite, Synthetic graphite
• Analysis By Application: Refractory Materials, Batteries, Others
Country Analysis – U.S. Canada, India, China and Japan (Actual Period: 2017-2018, Forecast Period: 2019-2024)
• Graphite Market – Size, Growth, Forecast
• Analysis By Type: Natural Graphite, Synthetic graphite
• Analysis By Application: Refractory Materials, Batteries, Others
Other Report Highlights
• Market Dynamics – Drivers and Restraints.
• Market Trends
• Porter Five Forces Analysis.
• SWOT Analysis.
• Company Analysis – AMF Advanced metallurgical group, Showa Denko, Toray industries, Asbury carbon and SGL Carbons.
Customization of the Report
The report could be customized according to the client’s specific research requirements. No additional cost will be required to pay for limited additional research.
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