Increasing Demand for Graphite in Steel & Metallurgy Industry Proliferating the Graphite Market

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. Graphite 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.

According to UnivDatos Market Insights (UMI)’ research report “Global Graphite Market”, the market is expected to witness robust growth of 5% during the forecast period (2022-2028). This is mainly due to the increasing production of electric vehicles, the growing volume of the steel industries, and due to increasing demand for graphite-made material in the aerospace industries. 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.?

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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.

Based on the 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.

APAC to witness extensive growth

For a better understanding of the market adoption of the graphite industry, the market is analyzed based on its worldwide presence in the countries such as North America (U.S., Canada, Rest of North America), Europe (Germany, U.K., France, Spain, Italy, Rest of Europe), Asia-Pacific (China, Japan, India, Rest of Asia-Pacific), Rest of World. APAC is anticipated to grow at a substantial CAGR during the forecast period. 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. Thus, governments are focusing on promoting graphite brick for steel production activities which subsequently grows the demand for graphite in the region.

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According to UnivDatos Market Insights (UMI)’, the key players with a considerable market share in the Graphite market are 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.

“Global Graphite Market” provides comprehensive qualitative and quantitative insights on the industry potential, key factors impacting sales and purchase decisions, hotspots, and opportunities available for the market players. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitors’ capabilities on different parameters. This will help companies in the formulation of go-to-market strategies and identifying the blue ocean for its offerings.??????

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Market Segmentation:

1.?????By Type (Natural Graphite and Synthetic Graphite)

2.?????By Application (Lubrication, Electrode, Friction Product, Batteries, Refractory, and Others)

3.?????By Region (North America, Europe, Asia-Pacific, Rest of the World)

4.?????By Company (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.)

Key questions answered in the study:

1.?????What are the current and future trends of the global graphite industry?

2.?????How the industry has been evolving in terms of type, drive type, and application?

3.?????How the competition has been shaping across the countries followed by their comparative factorial indexing?

4.?????What are the key growth drivers and challenges for the global graphite industry?

5.?????What is the customer orientation, purchase behavior, and expectations from the global graphite suppliers across various region and countries?