Global Special Graphite Market to Grow Over $1.4 Billion by 2024 at a CAGR of Around 4%

Description :

According to the latest report published by Global QYResearch on “Special Graphite Market (Types: Isotropic Graphite, Extruded Graphite, Molded Graphite, Other Graphite; Application: Photovoltaic Industry, Semiconductor Industry, Electrical Discharge Machining, Foundry & Metallurgy Field, Others)” the global market for special graphite was valued at around $1 billion in 2017 and is expected to register a CAGR of nearly 4% during the forecast period. Isotropic graphite segment is anticipated to drive the market through the forecast period. Isotropic graphite of high-density is strong and consistent than conventional graphite. Due to its anisotropic nature, various applications limit the usage of conventional graphite. The isotropic graphite products find various applications in industries such as aerospace and solar cell manufacturing. Electronics industry utilizes isotropic graphite for manufacturing procedure in white LEDs, polycrystalline silicon and more. The additional applications include - casting dies for copper alloys and industrial furnaces. As a result, demand from different industries for isotropic graphite will mount and special graphite market is projected to grow during the forecast period.
 
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Growing Demand from Lithium-Ion Battery Manufacturing
 
According to current analysis by Global QYResearch, recent utilization of Lithium-Ion batteries is around 105,000 metric tons (45,000 synthetic and 60,000 natural CSPG). As North America does not produce Coated Spherical Purified Graphite (CSPG), two US-based graphite companies - Alabama Graphite and Graphite One, have incorporated facilities for revolving graphite concentrate into purified, coated, and spherical graphite, in order to capture the fast growing lithium-ion battery segment for special graphite market. With the ever-increasing lithium-ion battery industry, the demand for special graphite is estimated to boost at considerable rate during the forecast period.
 
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Asia-Pacific to Lead the Market
 
In 2017, Asia-Pacific was a principal segment for special graphite market which accounted for over 40% of the global market. The increase of special graphite segment in APAC region particularly China, India, Japan, and South Korea is mainly relay on the expansion of its industries such as foundry, electronics, and photovoltaic. China accounts for one of the prime semiconductor industries and registered a uphold growth rate in 2017. According to The Associated Chambers of Commerce and Industry of India (ASSOCHAM), Indian electronics industry is expected to register high growth rate in special graphite market due to boost in the nation’s electronics base for manufacturing.
 
Key Players
 
The major players included in this report are Toyo Tanso, SGL Group, Tokai Carbon, Mersen, IBIDEN, Entegris, Nippon Carbon, SEC Carbon, GrafTech, Graphite India Ltd, Morgan, Fangda Carbon, Harbin Electric Carbon Factory, Zhongnan Diamond, Henan Tianli, Datong XinCheng and more.
 
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