Global Graphite Market to Surpass USD 21 Billion by 2024
tiltle-brkw

By Goldstein Research || 2017-09-11 8:04:07 AM

The Global Graphite Market is anticipated to be driven by growing demand for usage in batteries, which are experiencing growth due to increased electronic equipment usage, according to our research report

“Global Graphite Market Outlook 2024”

The global Graphite market is segmented on the basis of application into steel, energy, electronics and automotive. The steel segment is further segmented into crucible, foundry, lubrication and refractory. The global graphite market is expected to register a CAGR of 3.7% over the forecast period i.e. 2016-2024 and be valued at USD 21.4 Billion by 2024. The Asia Pacific market for graphite is the largest and maximum revenue generating in the globe, and is also expected to witness the highest growth over the forecast period.

Rising demand of Batteries: Major Boost

The major source of demand for graphite is its usage in batteries. Rising popularity of lithium-ion batteries, and increased battery demand due to rising electronic equipment usage are the key factors propelling growth in the market. Rise in the global green energy market and increased application in the automotive sector are other factors that will drive demand for graphite during the forecast period.

However, the recent slowdown of the steel industry, accompanied by the slump in the Chinese economy, the world’s largest supplier of graphite, has adversely affected the growth in the graphite market globally.

 “Global Graphite Market Outlook 2024” contains detailed overview of the global graphite market in terms of market segmentation by product type, application and geography.

Further, for the in-depth analysis, the report encompasses the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis.

This market report also provides competitive outlook of some of the major players of the global graphite market which includes profiling of companies SGL Group, Showa Denko, GrafTech International Holdings Inc.(U.S.), Graphite India Ltd. (India), Triton Minerals Ltd. (Australia), Mason Graphite, Inc. (Canada), and SGL Group (Germany), etc. The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services and industries catered, financial analysis of the company and recent developments. Overall, the report represents comprehensive synopsis on the global Graphite market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.

Send Us Sample Request

Based in the US, Goldstein Research currently has a strong presence in the American and Asian countries. In the next five years, we strive to expand our reach to 50+ nations spanning across Europe, Asia and parts of the Middle East and Africa. We strive to realize a strong brand presence globally through our quality research and forecasting solutions. Our mission is simple: to develop insightful business solutions, help our clients make powerful future decisions to keep them well ahead of the game which is the market, and leave a mark across businesses and communities through our well-defined ideas and clear cut forecasts. Backed up by reliable research and impactful statistics, our business solutions empower our clients to grow at a fast pace despite unsettling fluctuations in the market. We believe in vigorous examination of the current market scenario and build around creative ideas and approaches that are most suitable to our clients’ needs and business agenda.