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Global Graphite Market (Size of $15 billion in 2014) to Witness 4% CAGR during 2015 – 2020

Published Date:   August 2015

The global graphite market was estimated at a value of $15.06 billion in 2014, and expected to witness a CAGR of 4.0% during the forecast period of 2015–2020. The significant growth is majorly driven by the growing demand for graphite electrode in Asia-Pacific region followed by high global demand for steel. In addition, Asia-Pacific graphite market witnessed a CAGR of 4.0% during the historical period and valued at $10.19 billion in 2014.

On the basis of graphite form, synthetic graphite held the larger revenue share in the global graphite market by accounting for $13.64 billion value in 2014, and expected to reach $17.14 billion by 2020, at a CAGR of 3.9%. In addition, based on the application, the electrode industry accounted for the largest market share in terms of value, in 2014. This significant market share is attributed to the high demand for graphite in lithium-ion battery as an electrode. The lithium-ion batteries have its applications in various electronic gadgets such as mobile phones, cameras, tablets, and laptops, and electric vehicles. This is expected to fuel the demand for graphite as an electrode in the coming years.

The key drivers impacting the growth of the graphite market, includes the use of graphite in batteries, steel manufacturing process, and in the automotive industry. The growing demand for batteries followed by investments in battery production, which expected to boost the graphite demand in the forecast period. For example, Tesla Motors, has announced project to build a new $5 billion lithium-ion battery (Gigafactory) at Nevada, the U.S. Furthermore, the acceptance of graphene is expected to provide further opportunities for graphene sellers, which in result impact the demand of graphite in the upcoming years.

The major restraint of the graphite market is increasing demand-supply gap of graphite in the global market. The rising use of graphite in steel, photovoltaic (PV), and automotive industries are creating a huge gap between the demand and supply and this gap is expected to grow in the upcoming years. For instance, the China photovoltaics industry witnessed a rapid development, which results the global demand and supply gap for the isostatic form of graphite widened to 1,500 tons, in 2013.

The major market players in global graphite market are Nippon Graphite Industries Co. Ltd., Asbury Graphite Mills Inc, Northern Graphite Corporation, Energizer Resources Inc., Lamboo Resources Ltd, Triton Minerals Ltd., Focus Graphite Inc., Alabama Graphite Corp., Flinders Resources Ltd., Mason Graphite, Syrah Resources Limited, Graphite India Ltd, Showa Denko K.K., Tokai Carbon Co. Ltd, GrafTech International Holdings Inc, and SGL Carbon SE.

The information and data in the publication “Global Graphite Market Size, Share, Development, Growth and Demand Forecast to 2020”, represents the research and analysis of data from various primary and secondary sources. An amalgamation of top-down and bottom-up approach has been used to calculate the market size. P&S Intelligence analysts and consultants interacted with leading companies of the concerned domain to substantiate every value of data presented in the report. The company bases its primary research on discussions with prominent professionals and analysts in the industry, which is followed by informed and detailed, online and offline research.

Explore report description with detailed TOC: https://www.psmarketresearch.com/market-analysis/graphite-market

GRAPHITE MARKET SEGMENTATION

Graphite by Form

  • Natural Graphite
  • Synthetic Graphite
    • Graphite Electrode
    • Carbon Fiber
    • Graphite Blocks
    • Graphite Powder

Graphite Market by Application

  • Electrode
  • Refractory
  • Lubricant
  • Foundry
  • Battery

GEOGRAPHICAL SEGMENTATION

Graphite Market by Region

  • North America
  • Europe
  • Asia-Pacific
  • Rest of the World (ROW)