Global Graphite Market is expected to grow at a significant rate of around 5% during the forecast period. Graphite is consisting of carbon and is considered a non-metallic carbon compound. The graphite is studied into amorphous class and synthetic class depending on the structure and bonding between the carbon atoms. Graphite has the added advantage over other similar classes of compounds such as self-lubrication, and higher tolerance against heat & temperature. Additionally, graphite has the ability to retain its shape and size for a longer duration and is used in several industries for a variety of applications such as heat resistance in refractories, additive for lubrication, as a concrete material for construction, and in the automotive industry for lithium-ion batteries, among many others. Furthermore, major companies are continuously spending to research and development related to the sustainability of the materials. For instance, SGL a European organization for synthetic graphite manufacturers for anode materials is developing graphite materials products with higher energy efficiency, increased performance, and more sustainability than the previous version.
Graphite India Ltd., Nippon Graphite Industries Co. Ltd, Northern Graphite Corporation, SGL Group, Triton Mineral Ltd., GrafTech International Holdings Inc., Tirupati Carbons & Chemicals Private Limited, Qingdao Xinghe Graphite Co. Ltd., Focus Graphite Inc., and Showa Denko Materials Co. Ltd. are some of the key players in the market. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies.
Insights Presented in the Report
“Amongst type, Natural Graphite category to witness robust CAGR during the forecast period”
Based on type, the market is segmented into natural graphite and synthetic graphite. The natural graphite segments hold a decent market share in the market for the year 2020 and are expected to remain the same during the forecast period owing to the properties such as friction-resistant, optimal performance, and cost competitiveness. These rich properties of natural graphite allow the manufacturing industries to use natural graphite over synthetic graphite. Natural graphite is used by a variety of the industries such as batteries, steel, lubrication, brake industries, refractories with many others. The increasing demand for automotive vehicles and electronic gadgets is increasing the demand for graphite across the world. For instance, according to the NBSC (National Bureau of Statics of China), the electronic manufacturing industry for laptops, computers, mobiles, batteries, and others increased by 13.5% in the year 2021.
“Amongst application, the refractory to hold a significant share in the market in 2020”
Based on application, the graphite market has been classified into lubrication, electrodes, friction products, batteries, refractory, and others. The refractory segment shows significant market share in the year 2020 an expected to remain the same during the forecast period due to their incorporation in chemical, manufacturing, electronics, steel, and other sectors. Refractory graphite is widely used in the metallurgical industry, resistance furnaces, and graphite furnaces due to its ability to withstand higher temperatures. Also, refractory graphite is used in the production of refractory bricks along with mag-carbon refractory brick, which is widely used in the cement industry, paper manufacturing, glass & cable manufacturing, and chemical industry among many others. Furthermore, the increasing demand for steel and iron across the world would increase the demand for refractory graphite as they are used in metallurgical furnaces in the steel industry. For instance, according to the world steel association, the demand for steel grow by 2.7% in the year 2021 and subsequently increase the demand for refractory graphite.
“Asia-Pacific to hold a significant share in the market”
In 2020, Asia-Pacific held a significant share of the global graphite market. This is mainly attributed to the growing economies in the region coupled with rapid urbanization and industrialization. Furthermore, the increasing demand for li-ion batteries and electronic items propelling the demand for graphite in the region. In addition, emerging countries like China are planning to phase out coal which is used for steel production due to the pollution caused by the burning of coal, and promote graphite brick for steel production activities which subsequently grows the demand for graphite in the region. Additionally, the increasing investment in the steel industry, chemical industries, and other allied industries is further expected to propel the demand in the region’s graphite market. For instance, Tsingshan Holding Group announced an investment of USD 1.4 billion (CNY 10.3 billion) for the lithium-ion battery plant in the Guangdong province. Also, in October 2021, Black Earth Mineral & Metachem Manufacturing inked a 50:50 joint venture to develop a graphite facility in India with an initial capacity of 2000-2500 metric tons per annum and expandable up to 4000 metric tons in the coming time.
Reasons to buy this report:
- The study includes market sizing and forecasting analysis validated by authenticated key industry experts.
- The report presents a quick review of overall industry performance at one glance.
- The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments.
- Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.
- The study comprehensively covers the market across different segments.
- Deep dive regional level analysis of the industry.
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Table of Contents
Research Methodology for the Graphite Market Analysis (2022-2028)
Analyzing the historical market, estimating the current market, and forecasting the future market of the global graphite market were the three major steps undertaken to create and analyze the adoption of graphite in major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the global Graphite market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the industry pertains to. Detailed methodology is explained below:
Analysis of Historical Market Size
Step 1: In-Depth Study of Secondary Sources:
Detail secondary study was conducted to obtain the historical market size of the graphite market through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.
Step 2: Market Segmentation:
After obtaining the historical market size of the graphite market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments are included in the report as type and application. Further country-level analyses were conducted to evaluate the overall adoption of testing models in that region.
Step 3: Factor Analysis:
After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the Graphite market. Further, we conducted factor analysis using dependent and independent variables such as various types and applications of Graphite. A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, mergers and acquisitions, business expansion, and product launches in the graphite market sector across the globe.
Current Market Size Estimate & Forecast
Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the global graphite market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.
Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., the top-down/bottom-up approach were applied to arrive at the market forecast for 2028 for different segments and sub-segments across the major markets globally. The research methodology adopted to estimate the market size encompasses:
- The industry’s market size, in terms of revenue (USD) and the adoption rate of the graphite market across the major markets domestically
- All percentage shares, splits, and breakdowns of market segments and sub-segments
- Key players in the global graphite market in terms of products offered. Also, the growth strategies adopted by these players to compete in the fast-growing market
Market Size and Share Validation
Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.
Split of Primary Participants in Different Regions
Market Engineering
The data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers for each segment and sub-segment of the global graphite market. Data was split into several segments & sub-segments post studying various parameters and trends in the areas of type and application in the global graphite market.
The main objective of the Global Graphite Market Study
The current & future market trends of the global graphite market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit from a first-mover advantage. Other quantitative goals of the studies include:
- Analyze the current and forecast market size of the graphite market in terms of value (USD). Also, analyze the current and forecast market size of different segments and sub-segments
- Segments in the study include areas of type and application.
- Define and analysis of the regulatory framework for the graphite
- Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry.
- Analyze the current and forecast market size of the graphite market for the major region.
- Major countries of regions studied in the report include Asia Pacific, Europe, North America, and the Rest of the World.
- Company profiles of the Graphite market and the growth strategies adopted by the market players to sustain in the fast-growing market
- Deep dive regional level analysis of the industry
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