Graphite Market

Graphite Market is Expected to Expand USD 17.56 billion in 2020
According to a new market report published by Persistence Market Research “Global Market Study
on Graphite: Battery Segment To Witness Highest Growth by 2020”, the global graphite market was
valued at USD 13.62 billion in 2013 and is expected to grow at a CAGR of 3.7% from 2014 to
2020, to reach USD 17.56 billion in 2020.
Increasing use of graphite in the automotive and battery industries is the major factor driving the
demand for graphite. Graphite is an important material used in gaskets, clutch materials, motors,
exhaust systems, and cylinder heads. In the past, asbestos was the main component of linings and
disk brake pads. Graphite, with benefits such as low-noise braking, makes a good replacement for
asbestos in brake pads. Moreover, it is an important element in the manufature of ultra-lightweight
carbon-fiber reinforced plastic (CFRP). Traditionally, CFRP was mainly used in the aerospace and
Formula One car industries. However, CFRP is now gaining popularity in the passenger car industry
due to its light weight. This, in turn, helps reduce fuel consumption and CO2 emissions.
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Asia Pacific is the largest market for graphite globally. Rise of technologically advanced
applications of graphite in pebble-bed nuclear reactors, fuel cells, solar power systems, and
automotive and aerospace industries is driving the graphite market in the Asia Pacific region. China
and India are the major markets for graphite in the region. Rising demand for steel and other metals
has increased the demand for graphite electrodes in Asia Pacific. This, in turn, is driving the growth
of the graphite market. China accounts for over 70% share of total graphite production in the world.
According to China's Twelfth Five Year Plan, the government plans to have around 5.0 million
battery-electric vehicles plying on the roads by 2020.
This is expected to increase demand for graphite in the Asia Pacific market during the forecast
period. According to a research report, the sale of plug-in electric vehicles in North America is
expected to rise at a CAGR of 30.0% from 2012 to 2020. The total sales of tablets in the U.S.
market grew from 9.7 million in 2010 to 40.6 million in 2013. This growth in sales is expected to
drive demand for lithium-ion batteries. Rising demand for electric vehicles and other electronic
devices such as mobiles, tablets, laptops, and cameras offers huge potential for the growth of the
lithium-ion battery industry.
This, in turn, is further expected to boost demand for graphite in North America. Europe is the
second-largest graphite market in the world. Growing use of carbon fiber instead of steel in the
automotive and aerospace industries in Europe is leading to increasing demand for graphite.
Graphite is considered as a key material for green technology. Due to this fact, it is widely used in
many applications for energy storage, photovoltaics, and in various electronic products.
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The graphite market is bifurcated on the basis of form (natural graphite and synthetic graphite).
Synthetic graphite is further sub-segmented on the basis of form (graphite electrode, carbon fiber,
graphite blocks, graphite powder, and others). Graphite market is also segmented on the basis of
end-use (electrode, refractory, lubricant, foundry, battery, and others). All the segments provide
market size and forecast by volume and by value. The synthetic graphite segment holds the largest
share of USD 12.49 billion in the graphite market in 2013 and is expected to reach USD 16.06
billion by 2020 at a CAGR of 3.7% from 2014 to 2020.
In terms of revenue, the global graphite market grew from USD 12.30 billion in 2010 to USD 13.62
billion in 2013 at a CAGR of 3.4%. In terms of volume, the global graphite market grew from 2.19
million tons in 2010 to 2.68 million tons in 2013 at a CAGR of 7.1%.
Under regional segment, the Asia Pacific graphite market (the largest market in 2013) increased by
3.8% CAGR during 2010–2013 to reach USD 9.17 billion in 2013.
Some of the major companies operating in the global graphite market are Triton Minerals Ltd.,
Lamboo Resources Limited, Mason Graphite, Focus Graphite Inc., Energizer Resources Inc.,
Northern Graphite Corporation, Alabama Graphite Corp., Flinders Resources Ltd., Syrah Resources
Limited, SGL Carbon SE, GrafTech International Holdings Inc, Graphite India Limited, Nippon
Graphite Industries, Co., Ltd., Asbury Graphite Mills, Inc, Showa Denko K.K., and Tokai Carbon
Co., Ltd.
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