Global graphite block market value over USD 21 million by 2029 end and register a CAGR of over 5.4% from 2019 to 2029.
Graphite is finding extensive application across various industries. The docile nature and has dual metallic and non-metallic characteristics, which makes it suitable for several spectrum of industrial employment. The requirement for natural graphite is undeviatingly comparable to the extension of the industrial work. Thus if there is an increase in industrial applications, the demand for graphite block will increase.
The global graphite market is anticipated to observe several growth opportunities, owing to a rise in the need for lightweight substances in aircraft segments such as carbon fiber-reinforced polymers. The rise in the incidence of battery manufacturer application which continues to maintain supreme market potential in the market, owing to accelerated progress in the technologies affirmed in the production of lithium-ion batteries. This is one of the major applications of the graphite block market and thus is predicted to accelerate the growth of the global market. Moreover, an increase in the need for graphite block, especially in the steel business as a liner for crucibles & ladles, is an additional added significant determinant driving the overall demand for graphite globally.
The geographical landscape looks promising in each region. The developed regions of North America are predicted to account for significant market share while the developing regions of APAC due to increasing industrialization are foreseen to grow at the highest CAGR during the forecast period.
Major firms in the market have invested significantly in R&D activities to produce superior commodities to cater to the interests of consumers.
Major companies in the graphite market are:
• Northern Graphite Corporation
• Asbury Graphite Mills, Inc.
• Energizer Resources Inc.
• Mason Graphite
• Flinders Resources Ltd.
• Focus Graphite Inc.
• Showa Denko K.K.
• SGL Carbon SE
• SEC Carbon Limited
• Graphite India Limited
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Graphite Market Key Segments
1. By Type
• Natural Graphite
• Amorphous Graphite
• Flake Graphite
• Vein Graphite
• Synthetic Graphite
• Graphite Electrode
• Carbon Fiber
• Graphite Block
• Graphite Powder
• Others
2. By Application
• Lubrication
• Refractories
• Foundry
• Battery Production
• Others
3. By Region
• North America
• Europe
• Asia Pacific
• Latin America
• Rest of the World
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Competitive Landscape:
• Tier 1 players- established companies in the market with a major market share
• Tier 2 players
• Emerging players which are growing rapidly
• New Entrants
FutureWise Takeaways
• Growth prospects
• SWOT analysis
• Key trends
• Key data points affecting market growth
Objectives of the Study:
• To provide an exhaustive analysis on the global graphite block market by type, by application and by region
• To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints)
• To evaluate and forecast micro-markets and the overall market
• To predict the market size, in key regions (along with countries)—North America, Europe, Asia Pacific, Latin America, and rest of the world
• To record evaluate and competitive landscape mapping- product launches, technological advancements, mergers and expansions
• Profiling of companies to evaluate their market shares, strategies, financials and core competencies
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