Graphite Market
Graphite Market: Batteries Application Segment to Record Highest Y-o-Y Growth During the Forecast Period: Global Industry Analysis 2012 - 2016 and Opportunity Assessment 2017 - 2027
- 2017-09-25
- REP-GB-874
- 207 pages
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An Incisive, In-depth Analysis on the Graphite Market
This study offers a comprehensive, 360 degree analysis on the Graphite market, bringing to fore insights that can help stakeholders identify the opportunities as well as challenges. It tracks the global Graphite market across key regions, and offers in-depth commentary and accurate quantitative insights. The study also includes incisive competitive landscape analysis, and provides key recommendations to market players on winning imperatives and successful strategies.
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Request Covid -19 ImpactGraphite is an allotropic form of carbon that can be derived naturally through mines as well as produced by processing of hydrocarbons, such as coke, petroleum and coal tar. Thus, graphite is available in two forms known as natural and synthetic graphite. Owing to its molecular composition, graphite exhibits properties such as high thermal conductivity, high temperature resistance and anti-corrosive properties, which has made graphite a highly desirable additive in many end-use industries. Graphite finds prominent applications in refractories, automotive applications, foundry facing and many more. Applications such as those in electric vehicles, nuclear energy and fuel cells are expected to further drive market growth during the forecast period. Global consumption of graphite was estimated to be approximately 2.8 Mn Tons in 2016. Sales revenue from graphite is expected to register a CAGR of 6.7% over the forecast period (2017–2027).
Factors influencing global graphite market growth
Refractories has been one of the major application segments for synthetic and natural graphite. It is used in linings of bricks and furnaces owing to its properties of high thermal resistance. Furthermore, properties of graphite such as lubricity, high thermal and electrical conductivity, high chemical resistance makes it suitable for various end use applications. Graphite is used as a lubricant in the automotive industry where it is applied in gaskets and seals, brake linings etc. Graphite finds applications in insulation, paints, and electronic gadgets among other applications. Increasing demand for electric vehicles across the globe, especially in developed economies is further expected to boost the demand for graphite. It also finds application in the manufacture of anodes for electric vehicles batteries. Anticipated robust growth in the demand for batteries is expected to make the batteries segment the most attractive application segment during the forecast period.
Owing to high demand for graphite in end use industries, mining companies are channelising efforts towards exploration and development of potential graphite mines in certain parts of the globe, especially in Africa. Furthermore, slowdown of production in China due to the imposition of various environmental regulations has led to a shift in focus on mining and production of graphite out of China.
Global Graphite Market: Segmentation and Forecast
Global graphite market is segmented on the basis of product type, application and region. On the basis of product type, global graphite market is segmented as natural and synthetic graphite. Natural graphite is further segmented as flake graphite, amorphous graphite and vein graphite. Synthetic graphite is further segmented as graphite electrode, carbon fibre, graphite block, graphite powder and others. On the basis of application, global graphite market is segmented as refractories, lubricants and crucible, foundry facing, batteries and others. Key regions covered in the report include North America, Latin America, Western Europe, Eastern Europe, Asia pacific excluding Japan (APEJ), Middle East and Africa (MEA) and Japan.
Global Graphite Market Analysis, by Product Type
Global graphite market is expected to be dominated by synthetic graphite in terms of value. Synthetic graphite is projected to grow at a CAGR of 6.8% over the forecast period with a value share of 92%. Synthetic graphite is costlier than natural graphite owing to complex production process. Demand for natural graphite is also growing as it is finding increasing application in batteries and other segments. Natural graphite is anticipated to register a volume share of 41% by the end of 2027.
Global Graphite Market Analysis, by Application
The Batteries segment is expected to dominate the global graphite market among applications. The segment is anticipated to record a CAGR of 10.9% over the forecast period. Batteries used in electric and hybrid electric vehicles require a large amount of graphite. Furthermore, high global demand for electric vehicles has further made the batteries segment as the most promising segment for an increase in demand for graphite globally.
Global Graphite Market Analysis, by Region
Asia Pacific is anticipated to dominate the global graphite market with a record CAGR of 8.0% over the forecast period. In terms of revenue share, APEJ is estimated to hold 35.8% of the global graphite market share in 2017 while North America and Western Europe accounted for 16.1% and 12.3% of the global revenue share of the graphite market. Steady growth in steel production in Middle East & Africa is expected to drive the growth in consumption of graphite in the region during the forecast period.
Future Market Insights (FMI) analyses the global graphite market in a new publication titled “Graphite Market: Global Industry Analysis 2012-2016 and Opportunity Assessment 2017–2027”. This study provides historical data for 2012-2016 along with the forecast for the period (2017–2027). The main objective of the report is to identify dynamics in the market and provide recent updates and insights affecting various segments of the global graphite market. To provide better understanding of the market, the report also includes the analysis of drivers, restraints, trends in all seven regions namely North America, Latin America, Western Europe, Eastern Europe, Asia Pacific excluding Japan (APEJ), Middle East & Africa and Japan which influence the current market scenario and future status of the global graphite market over the forecast period.
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To understand and assess market opportunities and trends, the global graphite market report is categorically split into different sections based on market segmentation – by product type, by application, and by region. The report starts with the market overview and provides market definition and taxonomy along with value chain, pricing analysis region wise, drivers, restraints, and trends in the market. The sections that follow include regional graphite market analysis – by product type, by application, and regional/country level analysis. All the above sections evaluate the market on the basis of various factors affecting the market. Each section discusses the qualitative and quantitative aspects of the regional graphite market. To give a brief idea about revenue opportunities from the product type, application and region/country-wise segments, the report also provides volume (Tons) data, absolute $ opportunity, and total incremental opportunity for each segment over the forecast period (2017-2027).
We have also provided the global graphite market structure and a detailed competition landscape with company market share and performance, to provide report audiences with a dashboard view of key players operating in the global graphite market along with their business strategies. This would enable clients to assess strategies deployed by market leaders and help them develop effective strategies accordingly. Lastly, the report highlights the global graphite market overview by the respective segments i.e. product type, application and region.
Research Methodology
For market data analysis, we have considered 2016 as the base year, with market numbers estimated for 2017 and forecast made for 2018–2027. We have also studied the historical trend of the market for the year 2012-2016 in order to have a better understanding of the market. To calculate the market size, the report considers the weighted average price of graphite, based on product type that is natural and synthetic graphite across key geographies on a regional basis. The forecast assesses the total revenue (US$ Mn) as well as volume (Tons) of the global graphite market. To deduce market volume size, consumption of graphite has been considered. In order to provide an accurate forecast, we have started by sizing up the current market, which forms the basis of how the global graphite market is expected to develop in the future. The critical market data, including the base number and segment splits, has been devised through in-depth secondary research. This data is then triangulated on the basis of different verticals, considering both supply side and demand side drivers and other dynamics of the various regional markets, along with primary interviews of manufacturers and industry experts operating in the global graphite market. The forecast presented in the report evaluates the actual consumption of graphite and expected consumption in the global graphite market over the forecast period.
We have also analysed the different segments of the global graphite market in terms of basis point share (BPS) to understand individual segments’ relative contribution to market growth. This detailed level of information is important for identifying the various key trends governing the global graphite market. The report also analyses the global graphite market based on absolute dollar opportunity, essential to identify potential resources in the global market. We have also developed a market attractiveness index to understand the key segments in terms of their performance and growth in the global graphite market. This market attractiveness index would help clients identify real market opportunities in the global graphite market.
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