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Flake Graphite Market

Market Insights on Flake Graphite covering sales outlook, demand forecast & up-to-date key trends

Flake Graphite Market By Purity, Grade, Size, Application, End-Use & Region - Forecast 2022-2032

Flake Graphite Market Outlook

The flake graphite market is expected to record a CAGR of 1.10%  during the forecast period 2022-2032, up from US$ 280.94 Billion in the year 2022 to reach a valuation of US$ 313.42 Billion by 2032.

Report Attributes

Details

CAGR

1.10%

Value (2022)

US$ 280.94 Billion

Value (2032)

US$ 313.42 Billion

The flake graphite market is anticipated to show promising growth prospects in the forecasted period 2022-2032.

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What are the Key Drivers to the Flake Graphite Market Share

One of the significantly important driving factors in the flake graphite marketplace is the increasing production of batteries. As it is largely consumed in the production of electrodes, the demand for flake graphite is witnessing a significant upsurge. With a relatively higher purity among all forms of graphite, the use of flake graphite makes the downstream process efficient for battery producers as fewer impurities are to be eliminated.

Further, the large-scale deployment of electric vehicles across geographies and vehicle types is simultaneously driving the demand for batteries, resulting in indirect effects on the flake graphite market. Flakes of graphite are also used in several anti-corrosion paints as well as in fireproofing fillers.

The mining and metal processing industry is noted to experience swift growth in the coming future, propelling the demand for refractories and hence, having an indirect impact on the flake graphite market as well. With large-scale volumes being procured by refractory manufacturers, it is anticipated that the application will remain one of the most significant ones in the short-term forecast period.

The market penetration of the synthetic counterparts to flake graphite products is showing its impact on the overall market. Though being inexpensive than synthetic graphite, the flake graphite market is at a disadvantage considering certain factors. In terms of performance and other product features, the synthetic graphite product is noted to have an edge over the natural flake graphite.

Rising environmental concerns pertaining to the mining activities of flake graphite are likely to affect the supplier's overall output. This can act in favour of synthetic graphite as the end consumers will incline toward the most readily available substitute products in the market.

With synthetic graphite expanding at a faster pace, it is expected that in the overall demand for graphite, the two products will account for a nearly equivalent proportion in the long-term forecast period, implying that the demand for flake graphite might witness a slack over the same period of time.

Additionally, it is also found that since flake size, as well as purity, are the two price-affecting factors, for an equivalent amount of amorphous and flake graphite product forms, amorphous graphite is priced nearly four times cheaper than the flake graphite products. This impact of this factor is notably minimized due to the better product quality and relatively higher purity of flake graphite in the marketplace.

The end-user consumption pattern is largely dependent on the purity and flake size. For instance, refractory manufacturers are very particular about the flake size used in the production of refractories. Also, certain manufacturers are noted to initiate custom manufacturing of flake graphite products on an order basis in order to cater to the specific demands.

Which Region holds the Highest Growth Potential in the Flake Graphite Market

On a regional front, large-scale flake graphite is noted to be produced in countries such as China, Australia, Brazil, and other African countries. While the consumption of flake graphite is observed to remain prominent globally considering the widespread industrial applications, its international trade is anticipated to expand with a steady growth rate.

Particularly, flake graphite consumption is highly prevalent in the East Asian countries because of the abundance of battery manufacturers operating in this region.

Nikhil Kaitwade
Principal Consultant
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How is the Competitive Landscape in the Flake Graphite Market

This material has some outstanding electrical and thermal properties along with enhanced molding properties. These features make flake graphite the ideal material for the aforementioned applications. There are usually irregular edges on the graphite flake crystals that appear as flat, plate-like crystals. There is a significant amount of flake graphite in feldspathic minerals such as quartz-mica schist and other feldspathic minerals.

The global flake graphite market has numerous small-scale and international manufacturers at the regional level. Few industry players are identified across the value chain of the global flake graphite market which are Mineral Commodities Ltd., American Elements, Merck KGaA, YichangXincheng Graphite Co.,Ltd., Kibaran Resources, Focus Graphite Inc., Great Lakes Graphite dbaNovoCarbon Corporation, Qingdao Yanxin Graphite Products Co. Ltd, Imerys S.A., Superior Graphite Co., Mason Graphite, James Durrans& Sons Ltd., HP Materials Solutions, Inc., Talga Resources, Canada Carbon Inc., Tamil Nadu Minerals Ltd., (TAMIN), Agrawal Graphite & Carbon Products (P) Ltd, Graphite India Limited, Chotanagpur Graphite Pvt Ltd., Tirupati Carbons & Chemicals Pvt Ltd

Report Scope

Report Attribute

Details

Growth rate

CAGR of 1.10% from 2022 to 2032

Base year for estimation

2021

Historical data

2022 - 2032

Forecast period

2022 - 2032

Quantitative units

Revenue in US$ million/billion and CAGR from 2022 to 2032

Report coverage

Revenue forecast, volume forecast, company ranking, competitive landscape, growth factors, and trends, Pricing Analysis

Segments covered

Purity, Grade, Size, Application, End Use, & Region

Regional scope

North America (U.S., Canada); Latin America (Mexico, Brazil); Western Europe (Germany, Italy, France, U.K, Spain, BENELUX, Nordic, Eastern Europe); East Asia (China, Japan, South Korea); South Asia (India, Thailand, Malaysia, Vietnam, Indonesia, Philippines, Rest of South Asia); Oceania (Australia, New Zealand); Middle East & Africa (GCC Countries, Turkey, Northern Africa, South Africa, Turkey, Iran, Israel)

Country scope

U.S., Canada, Mexico, Brazil, Germany, Italy, France, U.K, Spain, BENELUX, Nordic, Eastern Europe, China, Japan, South Korea, India, Thailand, Malaysia, Vietnam, Indonesia, Philippines, Rest of South Asia, Australia, New Zealand, GCC Countries, Turkey, Northern Africa, South Africa, Turkey, Iran, Israel

Key companies profiled

Mineral Commodities Ltd., American Elements, Merck KGaA, YichangXincheng Graphite Co.,Ltd., Kibaran Resources, Focus Graphite Inc., Great Lakes Graphite dbaNovoCarbon Corporation, Qingdao Yanxin Graphite Products Co. Ltd, Imerys S.A., Superior Graphite Co., Mason Graphite, James Durrans& Sons Ltd., HP Materials Solutions, Inc., Talga Resources, Canada Carbon Inc., Tamil Nadu Minerals Ltd., (TAMIN), Agrawal Graphite & Carbon Products (P) Ltd, Graphite India Limited, Chotanagpur Graphite Pvt Ltd., Tirupati Carbons & Chemicals Pvt Ltd

Customization scope

Free report customization (equivalent to up to 8 analysts working days) with purchase. Addition or alteration to country, regional & segment scope.

Pricing and purchase options

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Key Segments Profiled in Flake Graphite Market

By Purity:

  • ≤ 90% Flake Graphite
  • > 90% Flake Graphite

By Grade:

  • Food Grade Flake Graphite
  • Pharmaceutical Grade Flake Graphite
  • Technical Grade Flake Graphite

By Size:

  • Jumbo Flake Graphite (> 500 microns)
  • Large Flake Graphite (300 microns - 500 microns)
  • Medium Flake Graphite (150 microns - 300 microns)
  • Fine Flake Graphite (< 150 microns)

By Application:

  • Refractory Material
  • Electrode
  • Catalysis
  • Filler / Additive
  • Lubricant
  • Brake Lining
  • Flame Retardant
  • Others

By End Use:

  • Electrical & Electronics
  • Paints & Coatings
  • Automotive
  • Chemical
  • Mining & Metallurgy
  • General Industrial

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • Middle East & Africa 

Frequently Asked Questions

The flake graphite market is expected to record a CAGR of 1.10% during the forecast period 2022-2032, up from US$ 280.94 Billion in the year 2022 to reach a valuation of US$ 313.42 Billion by 2032

Key players holding substantial market share Mineral Commodities Ltd., American Elements, Merck KGaA, YichangXincheng Graphite Co.,Ltd., Kibaran Resources, Focus Graphite Inc., Great Lakes Graphite dbaNovoCarbon Corporation, Qingdao Yanxin Graphite Products Co. Ltd, Imerys S.A., Superior Graphite Co., Mason Graphite, James Durrans& Sons Ltd., HP Materials Solutions, Inc., Talga Resources, Canada Carbon Inc., Tamil Nadu Minerals Ltd., (TAMIN), Agrawal Graphite & Carbon Products (P) Ltd, Graphite

As per the analysis, the flake graphite market share is likely to be US$ 313.42 Billion by 2032.

Battery production is a significant driving force in the flake graphite market. The demand for flake graphite is soaring as electrodes are widely used to produce it.

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Nikhil Kaitwade
Principal Consultant
LinkedIn
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Find your sweet spots for generating winning opportunities in this market.

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