Graphite Market by Manufacturers | Triton Minerals Limited (Australia), Hexagon Resources Limited (Australia), Mason Graphite Inc. (Canada)
Graphite Market by Manufacturers
The global graphite market
is set for a humongous growth spurt during the forecast period owing to demand
for the material in aerospace and steel industries. High demand for lightweight
aircraft and shift to low carbon emitting vehicles can drive the market growth.
In addition, the acceptance of electric and hybrid vehicles is an indicator of
the large potential for graphite. The use of graphite in lithium ion powered
batteries will bode well for the market.
Graphite is a naturally
occurring form of carbon with preferred properties of thermal and electrical conductivity.
The production of graphite via temperature treatment of carbon precursors as
well as the inclination towards alternatives will shape the industry. The
global Graphite
Market report by Market Research Future (MRFR) highlights the
production methods, efforts put in quality, and strategies for scaling for the
period of 2017 to 2023 (forecast period).
Increase in steel
production and other automotive components such as gaskets, exhaust systems,
cylinder heads, motors, and clutch materials will fuel the global graphite
market demand. This trend is facilitated by the spike in aircraft production to
be used by commercial airlines and government bodies.
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However, regulations
pertaining to the use of radioactive elements can restrict the growth of the
market.
Segmentation
The global graphite market
is categorized on the basis of form, application, and form type.
On the basis of form, the
market is bifurcated into amorphous and synthetic.
On the basis of
application by form type, the amorphous graphite market is categorized into
metallurgy, pencil production, refractories, coatings, and lubricants. The
metallurgy segment accounted for 36% market share in 2016.
On the basis of
application by form type, synthetic graphite market is segmented into
aerospace, batteries, carbon brushes, electrodes, and moderator rods.
Regional Analysis
The global graphite market
consists of five regions: Asia Pacific (APAC), Europe, Latin America, North
America, and the Middle East & Africa (MEA).
APAC is predicted to
exhibit a superb growth rate over the forecast period owing to the steelmaking
industry. High need for high purity fine graphite in Australia and the large
potential presented by electric and hybrid vehicles are likely to fuel regional
graphite market growth. Efforts and investments in graphite waste management
can lead to huge dividends. Investments in new construction projects may bode
well for the global graphite market.
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North America is expected
to deliver remarkably to the global graphite market due to huge energy
consumption levels, rising economic growth rate, and improved production
capacities of nuclear power plants. The U.S. and Canada are together expected
to account for a large chunk of the regional market growth owing to production
in vehicle components and batteries.
Competition Outlook
Graphite India Limited, GrafTech
International Ltd., Mersen S.A., SGL Carbon SE, Focus Graphite Inc., Mason
Graphite Inc., Triton Minerals Limited, HEG Limited, Hexagon Resources Limited,
NextSource Materials Inc., and others are key players of the global graphite
market. Development of proprietary graphite purification technologies by
players can bode well for players. Recently, EcoGraf has successfully trialed
its method for recycling lithium-ion anode material in Germany and recovering
carbon content over 200%.
Industry News
The panic among the
COVID-19 pandemic has left many industry end-users dazed in the industry.
However, the state of Tamil Nadu in India giving the green signal for
commencement of graphite extraction will bring relief to end-users. It has been
granted approval to increase its capacity to 105,000 metric tons per annum from
its previous capacity of 60,000 metric tons.
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