Graphite is a naturally occurring form of carbon that is a key industrial material used for various purposes. It is primarily composed of carbon atoms arranged in a hexagonal lattice structure. In the market context, graphite is typically defined as a mineral that is mined and processed for its unique properties, which include high conductivity, high-temperature resistance, and lubrication qualities. Graphite is widely used as an essential component in various industries, such as metallurgy, electronics, automotive, aerospace, and energy, where it serves as a crucial material in applications, such as electrodes, lubricants, refractories, and as a structural material in the form of composites.
Access Full Report @ https://www.databridgemarketresearch.com/fr/reports/global-graphite-market
Data Bridge Market Research analyzes the Global Graphite Market is expected to reach USD 30,017,200.04 thousand by 2030 from USD 16,861,845.53 thousand in 2022, growing with a substantial CAGR of 7.6% in the forecast period of 2023 to 2030. High electrical conductivity makes it a fundamental material in the consumer electronics industry will drive the market growth.
Key Findings of the Study
Indispensable usage of Graphite in Steel and Refractories Industry
Synthetic graphite is primarily used in the production of graphite electrodes, which are crucial in electric arc furnace (EAF) steelmaking. These electrodes transfer electrical energy to melt steel scrap and other raw materials, requiring excellent thermal resistance. Graphite additives are used in the production of refractory materials for high-temperature environments, increasing the effectiveness of the final product. Graphite molds and dies are used in the continuous casting of steel, facilitating the smooth release of solidified steel. Graphite is also used in the production of non-ferrous metals like copper, aluminum, and zinc due to its resistance to high temperatures and chemical stability. Graphite's unique properties make it indispensable in the steel and refractories industry, contributing to efficiency, safety, and quality, which is expected to drive market growth.
Report Scope and Market Segmentation
|
Report Metric
|
Details
|
|
Forecast Period
|
2023 to 2030
|
|
Base Year
|
2022
|
|
Historic Years
|
2021 (Customizable to 2015 - 2020)
|
|
Quantitative Units
|
Revenue in USD Thousand
|
|
Segments Covered
|
Product Type (Synthetic and Natural), Physical Form (Flake Additives, Powder, Expandable Flakes, Pellets, and Film & Sheet), Application (Consumer Electronics, Transportation, Industrial, Building & Construction, Medical Diagnostics and Defense)
|
|
Countries Covered
|
U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Spain, Austria, Netherlands, Russia, Turkey, France, Italy, Belgium, U.K., Poland, Hungary, Slovakia, Romania, Sweden, Switzerland, Denmark, Slovenia, Greece, Finland, Ireland, Bulgaria, Lithuania, Croatia, Portugal, Luxembourg, Malta, Cyprus, Estonia, Latvia, and Rest of Europe, China, Japan, India, South Korea, Australia, Thailand, Singapore, Philippines, Malaysia, Indonesia, and Rest of Asia-Pacific, South Africa, Saudi Arabia, U.A.E., Egypt, Israel and Rest of Middle East and Africa
|
|
Market Players Covered
|
Tokai Carbon Co., Ltd. (Japan), GrafTech International (U.S.), SGL Carbon (Germany), Mersen (France), Toyo Tanso Co., Ltd. (Japan), HEG Limited (India), Nippon Carbon Co Ltd. (Japan), Superior Graphite (U.S.), Qingdao Tennry Carbon Co., Ltd. (China), Resonac Holdings Corporation (Japan) and among others
|
|
Data Points Covered in the Report
|
In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
|
Segment Analysis
The global graphite market is segmented into three notable segments based on product, form, and application.
- On the basis of product type, the market is segmented into synthetic and natural.
In 2023, the synthetic segment is expected to dominate the global graphite market
In 2023, the synthetic segment is expected to dominate the market with market share of 65.01% due to its consistent quality and purity, making it ideal for high-demand applications, such as lithium-ion batteries and electronics, where precision and performance are necessary.
- On the basis of physical form, the market is segmented into flake additives, powder, expandable flakes, pellets, and film & sheet.
In 2023, the flake additives segment is expected to dominate the global graphite market
In 2023, the flake additives segment is expected to dominate the market with a market share of 20.18% due to its ability to enhance various industrial products, such as lubricants, paints and coatings, due to its high conductivity, thermal resistance, and wear resistance, making it a valuable addition in multiple industries.
- On the basis application, the market is segmented into consumer electronics, transportation, industrial, building & construction, medical diagnostics, and defense. In 2023, the consumer electronics is expected to dominate the market with a market share of 35.75%.
Major Players
Data Bridge Market Research analyzes Tokai Carbon Co., Ltd. (Japan), GrafTech International (U.S.), SGL Carbon (Germany), Mersen (France), Toyo Tanso Co., Ltd. (Japan) as major players of global graphite market.
Market Development
- In July 2023, Mersen, a global leader in electrical power and advanced materials, officially inaugurated its Columbia manufacturing facility in the U.S., this 240,000-square meter site, acquired in 2019, has undergone significant investment totaling nearly USD 70 million over the past four years to expand its production capabilities, focusing on extruded and isostatic graphite. The facility is strategically positioned to meet the growing demand, particularly in the semiconductor market. Mersen's 2027 plan includes a target to increase isostatic graphite manufacturing capacity globally to 16,000 tons by the end of 2024. This expansion reinforces Mersen's commitment to sustainable development markets, with a specific focus on the SiC semiconductor market.
- In July 2023, Toyo Tanso Co., Ltd. announced a capital investment to increase production capacity at its consolidated subsidiaries in order to meet the growing global demand for high-purity graphite products. This will help the company to expand its global presence.
- In June 2023, Superior Graphite, a prominent graphite producer, is embarking on the construction of a state-of-the-art anode materials facility worth USD 180 million. This strategic move aims to cater to the growing demand for electric vehicles (EVs) and energy storage solutions in both the North American and European markets. Leveraging Superior Graphite's innovative production technology and established operations at these sites will enable a seamless and continuous production process, thereby significantly reducing both capital investment requirements and operational expenses.
- In June 2023, Resonac Corporation is set to acquire the remaining 50% of outstanding shares in AMI Automation, a global provider of automation solutions, expanding its ownership to 100%. AMI specializes in automation, control, and optimization solutions for various industries, particularly in optimizing electric arc furnace (EAF) operations, a vital component of the steel industry. This acquisition, expected to be completed in the third quarter of 2023, enables Resonac to broaden its graphite electrode business to include comprehensive support for the digitalization of EAF production processes, aligning with the increasing demand for sustainable and efficient steel production.
- In September 2022, Showa Denko K.K. (SDK) and Showa Denko Materials Co., Ltd. (SDMC) merged to create "Resonac," with SDK becoming "Resonac Holdings Corporation" and SDMC transforming into "Resonac Corporation" as of January 1, 2023. This strategic move aims to establish Resonac as a global leader in advanced functional materials within the chemical industry. The newly integrated company will boast substantial net sales, largely driven by semiconductor and electronic materials, particularly in the "back-end process." Resonac seeks to achieve synergy, innovation, and the development of new market values by combining SDK's stable businesses with SDMC's growth potential. Special focus will be placed on the semiconductor and electronic materials sector, ensuring the company maintains net sales exceeding 1 trillion while maintaining an EBITDA margin of over 20%.
Regional Analysis
Regions covered in the global graphite market report are U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Spain, Austria, Netherlands, Russia, Turkey, France, Italy, Belgium, U.K., Poland, Hungary, Slovakia, Romania, Sweden, Switzerland, Denmark, Slovenia, Greece, Finland, Ireland, Bulgaria, Lithuania, Croatia, Portugal, Luxembourg, Malta, Cyprus, Estonia, Latvia, and Rest of Europe, China, Japan, India, South Korea, Australia, Thailand, Singapore, Philippines, Malaysia, Indonesia, and Rest of Asia-Pacific, South Africa, Saudi Arabia, U.A.E., Egypt, Israel and Rest of Middle East and Africa.
As per Data Bridge Market Research analysis:
Asia-Pacific is expected to dominate and be the fastest-growing in global graphite market
Asia-Pacific is expected to dominate the market and be the fastest growing due to its abundant graphite resources, low production costs, and high demand for graphite in industrial applications, such as steel production and lithium-ion batteries.
For more detailed information about the global graphite market report, click here – https://www.databridgemarketresearch.com/fr/reports/global-graphite-market
