Global Graphite Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027

MarketResearch.biz delivers in-depth insights on the global graphite market in its upcoming report titled, “Global Graphite Market Trends, Applications, Analysis, Growth, and Forecast: 2018 to 2027”. The global graphite market is estimated to register a CAGR of X.X% in terms of value during forecast period 2018–2027. The report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global graphite market report has been segmented on the basis of type, application, and region.

Graphite is a gray crystalline allotropic form of carbon which is a mineral found rocks and can also be made manually from coke. It is used as a solid lubricant, in pencils, and as a moderator in nuclear reactors. Graphite is mainly a two dimensional, planar crystal structure, and it maintains its strength and stability up to temperatures exceeding 3,600°C. It is very resistant to chemical attack, and at the same time, it is one of the lightest of all reinforcing agents and has high natural lubricity.

Increasing adoption of graphite in refractories owing to its high thermal resistance property is a key factor driving growth of the global graphite market. In addition, rising demand for graphite in various end-use industries such as aerospace, aluminum, automotive, and defense, etc., owing to its properties such as self-lubricity and thermal conductivity are other major factors anticipated to fuel growth to the global graphite market over the forecast period.

Moreover, graphite is used in lithium-ion batteries as anode. Thus, increasing demand and adoption of electric vehicles along with use on lithium-ion batteries in such vehicles, and increasing demand for smartphones and tablets is expected to impact the global graphite market positively in the next ten years.

Stringent rules and environmental regulations regarding mining process is a key factor restraining growth of the global graphite market. In addition, increasing prices of graphite is another factor expected to hamper growth of the global graphite market over the forecast period.

Currently, the market in Asia Pacific is expected to dominate the global graphite market in terms of revenue, owing to increasing usage of graphite in production of batteries for all electronic devices such as smartphones, tablets, electric vehicles in countries in the region. The market in North America expected to account for second-highest revenue share in the global graphite market, due to rising demand for graphite in defense sector, and in other end-use industries such as aerospace and automotive industries. North America market is followed by markets in Europe, Latin America, and Middle East & Africa respectively.

Global graphite market segmentation:

Segmentation by type:

• Natural Graphite
• Synthetic Graphite

Segmentation by applications:

• Lubrication
• Refractories
• Foundry
• Battery Production
• Others (Automobile, diamond synthesis, electrolysis)

Segmentation by region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa