Graphite Market Estimated To Inflate With A Phenomenal CAGR

Pune, India, June, 2018 /press release/- Market Research Future Published a Half Cooked Research Report on Global Graphite Market Research Report.The Global Graphite Market is led by some of the fervent players including, Northern Graphite Corporation, Triton Minerals Limited, Focus Graphite Inc, Flinders Resources Limited, Alabama Graphite Corp, Energizer Resources Inc., Lamboo Resources Limited, and Mason Graphite  Inc. Profiling them in its analysis, MRFR finds out the strategies keep them at the forefront of the market competition. 

Market   Overview

Graphite is one of the three key minerals used in batteries including lithium and cobalt. It is also used as the anode material in lithium-ion batteries. Hence, as a battery material, Graphite perceives a huge demand in the battery market. It is more than a USD 35.54 billion a year market, growing at over 20% every year. Owing to the proliferation of smart, personal and battery operated devices, like cell phones, laptops, and cameras the Graphite market is growing pervasively.

Besides, Graphite is an excellent conductor of heat and electricity and also an excellent lubricant. This makes Graphite one of the important materials in the making of lubricants used across the automotive and industrial sectors. Augmented demand from the Lubricant market escalates the Graphite market in the global space. This further allows the market to garner exponential traction worldwide.

Acknowledging the kind of traction gained by this market, Market Research Future (MRFR) recently published a study report. According to MRFR, continuing with the same trends, the global Graphite market is projected to demonstrate a significant growth rate during the review period (2023 - 2032).

Increased absorption of Graphite by some of the prominent end-user industries such as a battery, electronics, and lubricants is one of the key factor propelling the market growth.

Other factors that fuel the market growth include growing population and improving economic conditions that have substantiated the industrialization & urbanization along with the consumer purchasing power. Also, increasing demand for Graphite based products and favorable government regulations are expected to propel the market growth over the estimated period.

Industry/ Innovation/ Related News:

June 01, 2018 – Triton Minerals Limited (Australia) an ASX-listed resources company and a recognized producer of high-value natural graphite concentrate announced the commencement of development work of its Ancuabe graphite project, in Mozambique. Early works of the said project involving USD 99.4-million investments have already started including construction and repairing of site access roads, to provide access for construction equipment and fuel tanks, while camp construction has also started.

May 31, 2018 - Peninsula Mines Limited (Australia), a leading global mineral resources company announced the commencement of a graphite resource drilling program at its Eunha Graphite Project in South Korea.

Global Graphite Market   - Segments

MRFR has segmented the market into three key dynamics. 

By Forms             : Comprises - Natural Graphite and Synthetic Graphite  (Graphite  electrode, Graphite  blocks, Carbon fibre, and Graphite  powder, others)

By Applications   :  Refractory, Electrode, Lubricant, Battery, and Foundry, among others 

By Regions          :  North America, Europe, APAC and Rest of the World.

Regional Analysis

The Asia Pacific, in 2016 accounted for the largest market for Graphite with the largest share of the market and is further expected to grow at a significant CAGR by 2027. Factors such as rapid industrialization and the presence of numerous producers coupled with the availability of cost-comprehensive labor-force and growing exports substantiate the regional market growth.

Owing to the surging demand for Graphite backed by the growing investments in the industrial sector and improved standard of living in some of the APAC countries such as India, China, and Japan. 

Owing to the strict regulatory framework and high rate of technology adoption, developed regions such as Latin America and North America are estimated to witness significant growth. The U.S. among other North American countries backed by the greater penetration of end-user industries in the country, accounts for the major contributor to the market growth.

Globally, Europe accounted for the leading market for Graphite, in 2016, owning a substantial market share. Factors such as the growing applications in the making for refractory, electrode, lubricant, battery, and steel, predominantly drive the regional market growth. Owing to the major growth contributor countries such as Germany, UK, and Russia, Europe region is expected to register a phenomenal CAGR over the forecast period.

North America accounted for a promising market for Graphite, in 2016. Augmenting demand for a number of end-use products of graphite such as lubricants, electrodes, batteries used in electronic products, along with the automobile parts, drives the growth of the North America Graphite market.

The Middle East & Africa and Latin America, regions are estimated to witness a modest growth during the forecast period. Owing to the increasing use of batteries in various end-use industries, UAE accounting for the largest market share, in 2016 is likely to retain its dominance in the MEA market over the forecast period.

Access Report @ Graphite Market Size