Graphite Market | Scope of Current and Future Industry 2027
Future Market Insights delivers key insights on the global graphite market in an updated version of the report and provides historical market size and volume analysis for the years 2012-2016 and forecast up to 2027. Considering the impact of macro-economic factors, relatively lack-lustre growth in certain key graphite consuming countries, and steel production, among others, the graphite market was valued at US$ 15,763 Mn in 2016, as against a market value of US$ 16,128 Mn estimated in the previous version of the report.
The long-term outlook on the global graphite market remains
positive, with market value expected to increase at a CAGR of 6.7% during the
forecast period 2017– 2027. Among product types, Natural and Synthetic graphite
are expected to expand at a significant CAGR in terms of value over the
forecast period. Among applications, the refractories market continues to be
the major application area for graphite. However, increasing demand for
electric vehicles globally is anticipated to boost the demand for graphite in
future. Sales of graphite is estimated to be valued at US$ 16,740 Mn by the end
of 2017. Asia Pacific is estimated to account for a value share of 35.8% in the
global graphite market by 2017 end and it is anticipated to retain its
dominance throughout the forecast period.
Global Graphite Market: Segmentation Analysis
- On
the basis of product type, synthetic graphite is expected to dominate the
overall graphite market owing to its vast application across key end-use
industries. Furthermore, demand for natural graphite is also increasing
owing to its increasing adoption in applications such as batteries.
Natural graphite segment accounted for 43.3% of the overall volume share
in 2016.
- On
the basis of application, the refractories segment is expected to dominate
the global graphite market over the forecast period. The segment is
anticipated to hold 42.7% of the overall volume share by 2027. The
batteries segment is anticipated to be the most attractive segment in the
global graphite market with a CAGR of 10.9% over the forecast period.
Global Graphite Market: Vendor Insights
Some of the key players reported in the study of the global
graphite market include AMG Advanced Metallurgical Group N.V., Showa Denko
K.K., Toyo Tanso Co., Ltd., SGL Carbon SE, Tokai Carbon Co., Ltd, Graphite
India Limited, Nippon Carbon Co., Ltd., HEG Limited, SEC Carbon, Limited,
Imerys S.A., GrafTech International Ltd., Mersen Group. Fangda Carbon New
Material Co., Ltd., Dongguan Kaijin New Energy Technology Co., Ltd.,
Pingdingshan Oriental Carbon Co., Ltd.
Read Full Research@ https://www.futuremarketinsights.com/reports/graphite-market
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