Need immediate assistance? Call 1-518-730-0559 (Us-Canada Toll Free) or Contact Us

 

Global Graphite Market Witnesses Increased Demand from Automotive, Aerospace Industries

Article Description

The market for graphite has undergone significant growth over the years owing to its application in multiple industries and end uses. From disk brake pads,
clutch materials, and exhaust systems to pebble-bed nuclear reactors and fuel cells, the benefits of graphite have been beneficial in many sectors.

According to a report by Persistence Market Research (PMR), the value of the global graphite market rose
from US$12.30 billion in 2010 to US$13.62 billion in 2013, at a 3.4% CAGR during the timeframe. Volume-wise, the market grew at a 7.1% CAGR from 2010 to
2013. A recent report by PMR indicates that the global market for graphite stands to develop from US$13.62 billion in 2013 to US$17.56 billion by 2020,
registering a 3.7% CAGR from 2014 to 2020.

The graphite market has witnessed significant growth owing to the presence of strong players operating at a global and domestic level. Some of the
prominent participants of the worldwide graphite market are Tokai Carbon Co., Ltd., Asbury Graphite Mills, Inc, Mason Graphite, Syrah Resources Limited,
Alabama Graphite Corp., Lamboo Resources Limited, Energizer Resources Inc., Northern Graphite Corporation, Focus Graphite Inc., Flinders Resources Ltd.,
SGL Carbon SE, Showa Denko K.K., GrafTech International Holdings Inc, Triton Minerals Ltd., Nippon Graphite Industries, Co., Ltd., and Graphite India
Limited.

Growth in Asia Pacific Driving Global Graphite Market

Among the four key regional segments of the global graphite market, namely North America, Asia Pacific, Europe, and Rest of the World, Asia Pacific
dominated the overall graphite market in 2013. With a total value of US$9.17 billion that year, the Asia Pacific graphite market grew at a 3.8% CAGR from
2010 to 2013.

India and China are the leading domestic segments of the APAC graphite market, with China dominating the global production of graphite, accounting for a
70% share. Graphite is used in a number of technologically advanced applications such as fuel cells, nuclear reactors, automotive and aerospace industries,
and solar power systems, all of which are expanding in China, India, Japan, South Korea, etc. The demand for graphite is expected to increase in the region
owing to the growing popularity of battery-electric vehicles. China’s Twelfth Five Year Plan states that by 2020, the government will aim at having around
5 million battery-electric vehicles plying on the roads. The increasing demand for steel and other metals has led to a demand for graphite electrodes,
thereby fueling the growth of the graphite market in Asia Pacific.

Demand for Graphite on the Rise in Europe and North America

Europe is the second largest market for graphite and has attained growth in recent times owing to the rising use of carbon fiber in place of steel in
aerospace and automotive industries. The increasing popularity of green technology has resulted in a considerable rise in demand for graphite to be used in
multiple applications such as photovoltaics, energy storage, and numerous electronic products.

The graphite market in North America is driven by the demand for lithium-ion batteries, which largely depend upon the sales of plug-in electric vehicles
and electronic devices such as tablets, smartphones, cameras, and laptops. Market reports have shown that total sales of tablets in the U.S. rose to 40.6
million in 2013 from 9.7 million in 2010. The sale of plug-in electric vehicles, on the other hand, is poised to grow at an impressive 30.0% CAGR from 2014
to 2020.

Browse the full Global Graphite Market report at http://www.mrrse.com/graphite-market