Graphite Market Prophesied to Perceive Burnished Growth by 2030; Asserts MRFR

Graphite Market Highlights

The global graphite market, during the forecast period, will register growth at a 9.35 % CAGR. The market for graphite is set to hit a high-value mark by 2030. As per market analysts, the global market is anticipated to witness growth owing to the factors such as the growing use in steelmaking for aerospace applications as well as the rising demand for fuel-efficient aircrafts. However, the graphite market will face challenges and restraints due to stringent guidelines by governments and the implementation of strict regulations during the forecast period.

The increasing steelmaking operations in the market is set to play a key role in determining the growth potential during the coming years. Analysts have also studied the graphite market to understand potential threats and challenges the graphite market companies could face. Although the market is poised to grow at a fast pace across applications and form segments, factors such as slow economic growth could slow down the graphite market's growth worldwide.

Market Segmentation

The market has been segmented into applications and form. Based on the segment which is applications, the market is categorized on the basis of battery, electrode, foundry, lubricant, refractory, and others. The global market for graphite is further segmented based on form into natural and synthetic.

The global graphite market research report covers all the aspects of the market based on the segmental analysis of these applications and form segments. Analysts have also studied the global graphite market's regional markets spread across many continents and countries. The applications and form segments along with their sub-segments have been analyzed and companies functioning in the market across these segments are profiled and analyzed based on input and feedback from market based decision makers as well as primary and secondary sources. The market research report presents analysis based information for companies functioning in the graphite market. 

Regional Overview

Stringent guidelines by governments may hinder the market growth. The market research report suggests that companies in the graphite market could be supported by intensifying steel production globally as well as the growing demand for lightweight materials in aerospace and automotive sector during the forecast period. The market is set to register growth at a high CAGR owing to these key factors. The market is spread across North America, Europe, Asia-Pacific, and other parts of the world. The global market research report reveals that APAC, North America, and Europe regional graphite markets will dominate the global market for graphite during the forecast period. As per market analysts, the market is set to witness tremendous growth across natural and lubricant segments in North America which covers graphite markets across the United States, Canada, Mexico and several other regional markets. Companies active in the graphite market are also analyzed and studied in the market research report.

The market for Europe covers smaller market segments of Germany, Italy, France, and the United Kingdom. Additionally, the market research report covers the Asia-Pacific region covering graphite markets from India, China, Japan, Australia, and others. The market is also spread across the rest of the world. The market report covers all such regions including the Middle East, Africa, Brazil, and others.

Competitive Landscape

Graphite has seen increased demand over the years, due to the shift towards electrically driven vehicles and the surge in the nuclear energy sector. Companies functioning in the global market are also being challenged due to unfavorable policies and nuclear use growth. Mergers and acquisitions by graphite market companies are anticipated to help the market during the forecast period. As the market report is set to register a high CAGR and is also anticipated to reach a higher value record, the report highlights key areas companies need to focus on. The report suggests that the market will see a healthy growth in the long run till 2023. Based on SWOT analysis and graphite market’s analysis based on Porters’ Five Force Model presented in the graphite market report. Mergers and acquisitions by graphite market companies are anticipated to help the market during the forecast period. 

Industry News

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