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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According to a report by the World Health Organization (WHO), the total health spending is growing with an annual average rate of 6% in the low- and middle-income nations, and close to 4% in the high-income countries. Further, in the year 2016, the expenditure made on health reached close to 10% of the GDP of the world and crossed a value of USD 7 trillion.
“Final Report will add the analysis of the impact of COVID-19 on this industry.”
As per the latest report published by Variant Market Research, Global Graphite Market is estimated to reach $21.4 billion by 2024; growing at a CAGR of 5.6% from 2016 to 2024. Graphite is a crystalline allotropic form of carbon derived naturally through mines. Graphite is also formed by processing of hydrocarbons, such as petroleum, coke, and coal tar. Graphite is flexible in nature holding both metallic & nonmetallic properties, which makes it suitable for use in varied range of industrial applications. Owing to its molecular composition, it exhibits properties given as high temperature resistance, high thermal conductivity, and anti-corrosive properties, which has made graphite a highly necessary product in many end-use industries.
The growth of global graphite market is primarily driven by factors such as, rapid growth in mining industry, and growth in demand for batteries. Also, advancement in electronic & automotive industries, and decreased lithium-ion battery cost have boosted the growth of the market. Besides, safety issues related to graphite may act as a restraining factor for the market growth. Moreover, rising synthetic graphite production is expected to pose several growth opportunities foe the market in the given forecast period.
The global graphite market is segmented into product type, end-user, and geography. By product type, the market is bifurcated into natural graphite, and synthetic graphite (carbon fiber, graphite electrode, graphite powder, graphite blocks, and others). By end-user, the segment is categorized into electrode, lubricants, refractory, battery, foundry, and other end-users.
Based on geography, global graphite market is segmented into North America, Europe, Asia-Pacific, and Rest of the World (RoW). North America is further bifurcated in U.S., Canada, and Mexico, whereas Europe segment consists of UK, Russia, Germany, Italy, France, and Rest of Europe. Asia-Pacific is segmented into India, China, Japan, South Korea and Rest of Asia-Pacific while RoW is bifurcated into South America, Middle East, and Africa.
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Major players operating in the global graphite market include Leading Edge Materials Corp., Triton Minerals Ltd., Focus Graphite Inc., Alabama Graphite Corp., Northern Graphite, Mason Graphite, SGL Carbon SE, Asbury Graphite Mills, Inc., Graphite India Limited, and Syrah Resources Limited, among others.
The key takeaways from the report
The report will provide detailed analysis of Global Graphite Market with respect to major segments such as product type, end-user, and geography
The report will include the qualitative and quantitative analysis with market estimation over 2015 – 2024 and compound annual growth rate (CAGR) between 2016 and 2024
Comprehensive analysis of market dynamics including factors and opportunities will be provided in the report
An exhaustive regional analysis of Global Graphite Market has been included in the report
Profile of the key players in the Global Graphite Market will be provided, which include key financials, product & services, new developments and business strategies
Scope of the Global Graphite Market
Product Type Segments
Natural
Synthetic
Carbon Fiber
Graphite Electrode
Graphite Powder
Graphite Blocks
Others
End-User Segments
Electrode
Lubricants
Refractory
Battery
Foundry
Other End-Users
Geographical Segments
North America
U.S.
Canada
Mexico
Europe
UK
Russia
Germany
Italy
France
Rest of Europe
Asia-Pacific
India
China
Japan
South Korea
Rest of Asia-Pacific
RoW
South America
Middle East
Africa
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