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
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.
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