Press release
Graphite Market Size Worth USD 13.35 billion 2032| A CAGR of 6.9% | Comapanies- AMG (Germany), Eagle Graphite (Canada)
The global graphite market size was valued at USD 7.32 billion in 2023. The market is expected to expand from USD 7.80 billion in 2024 to reach USD 13.35 billion by 2032, exhibiting a CAGR of 6.9% over the study period.
Graphite is a naturally soft and lightweight element that demonstrates nonmetallic and metallic features. This factor makes it ideal for different industrial applications. The rise in the demand from the refractory industry is expediting market growth. The product is deployed in simple oxygen furnaces and electric arc furnaces, crucibles in non-ferrous, steel, and precious metal processing, and linings in limonite smelting, and refractories, including alumina-magnesia-carbon, alumina-carbon, and magnesia-carbon.
List of Key Players Mentioned in the Report:
AMG (Germany)
Asbury Carbons (U.S.)
Eagle Graphite (Canada)
Grafitbergbau Kaisersberg GmbH (Austria)
Imerys S.A. (France)
Stoker Concast Pvt. Ltd. (India)
BTR NEW Material Group Co., Ltd. (China)
Nacional de Grafite (Brazil)
SGL Carbon (Germany)
Mineral Commodities (Australia)
Superior Graphite (U.S.)
Tirupati Carbons & Chemicals Pvt. Ltd. (India)
Fortune Business Insights™ provides this information in its research report, titled "Graphite Market, 2024-2032".
𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐚 𝐅𝐫𝐞𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐃𝐅- https://www.fortunebusinessinsights.com/enquiry/sample/graphite-market-105322
Segmentation:
High Temperature Resistance Attribute of Synthetic Products to Spur Segment Growth
In terms of product, the market is classified into synthetic and natural. The synthetic segment occupied the largest graphite market share in 2023. Synthetic products are popular for their corrosion and high temperature resistance and are made using high-purity carbon. These features make them a superior choice for highly specialized industries that need predictable carbon material outcomes. This factor is bolstering the synthetic segment expansion.
Mounting Demand from Several Industries Leads Refractory Segment's Dominance
On the basis of application, the market is categorized into recarburising, lubricants, friction products, refractories, batteries, foundries, and others. The refractory segment dominates the market with escalating demand from automotive, aerospace, construction and other industries coupled with swift industrial development.
Based on region, the market has been studied across the Middle East & Africa, Europe, North America, Latin America, and Asia Pacific.
𝐆𝐞𝐭 𝐚 𝐐𝐮𝐨𝐭𝐞- https://www.fortunebusinessinsights.com/enquiry/get-a-quote/graphite-market-105322
Report Coverage
The key factors impelling the market growth have been mentioned in the report. Besides this, it provides comprehensive coverage of the COVID-19 pandemic impact, the latest trends, dominating segments, and major industry developments. The report further offers an in-depth analysis of the competitive strategies deployed by top companies to outshine the competition.
Drivers and Restraints:
Increasing Battery-driven Vehicle Trend to Propel Market Growth
The product is utilized to manufacture thermally conductive polymers, which are deployed for the replacement of metal in automotive components manufacturing. In addition, heavy investments in the electrification of the automotive industry have been impelled by momentum toward clean energy. Thus, these factors are bolstering the graphite market growth.
Despite such growth opportunities, the surging export duties may impede market expansion.
Regional Insights:
Asia Pacific Dominated Owing to Vast Presence of Steel Production Plants
Asia Pacific registered the largest share of the market in 2023 and was valued at USD 4.08 billion. Moreover, China witnessed the largest share in 2023 on account of the extensive presence of battery and steel production plants.
Latin America and the Middle East & Africa are set to grow moderately during the forecast period. These regions are slated to witness an additional demand owing to Saudi Vision 2032 and other considerable efforts by the government of Brazil to boost their battery production capability.
𝐑𝐞𝐚𝐝 𝐌𝐨𝐫𝐞 𝐈𝐧𝐟𝐨𝐫𝐦𝐚𝐭𝐢𝐨𝐧- https://www.fortunebusinessinsights.com/graphite-market-105322
Competitive Landscape:
Top Companies Leverage Partnership Deals to Release Enhanced Products
Joint ventures, product innovations, and capacity expansions are some of the strategies opted for by prominent companies to boost their share. A wide array of companies are focusing on partnership deals to launch enhanced products.
Key Industry Development:
March 2021: SGL Carbon was awarded USD 46.2 million in IPCEI grants for Graphite Anode Products (GAM) in lithium-ion batteries. The SGL Carbon project aims to make revolutionary anode materials in Europe a crucial value-added step in electromobility.
𝐑𝐞𝐥𝐚𝐭𝐞𝐝 𝐑𝐞𝐩𝐨𝐫𝐭𝐬-
Graphene Market- https://www.fortunebusinessinsights.com/graphene-market-102930
Carbon Felt and Graphite Felt Market- https://www.fortunebusinessinsights.com/industry-reports/carbon-felt-and-graphite-felt-market-101300
Contact Us:
Fortune Business Insights™ Pvt. Ltd.
9th Floor, Icon Tower,
Baner, Pune-411045,
Maharashtra, India.
Phone:
U.S.: US +1 833 909 2966 (Toll Free)
UK +44 808 502 0280 (Toll Free)
APAC +91 744 740 1245
Email: sales@fortunebusinessinsights.com
𝐀𝐛𝐨𝐮𝐭 𝐔𝐬:
Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.
Graphite is a naturally soft and lightweight element that demonstrates nonmetallic and metallic features. This factor makes it ideal for different industrial applications. The rise in the demand from the refractory industry is expediting market growth. The product is deployed in simple oxygen furnaces and electric arc furnaces, crucibles in non-ferrous, steel, and precious metal processing, and linings in limonite smelting, and refractories, including alumina-magnesia-carbon, alumina-carbon, and magnesia-carbon.
List of Key Players Mentioned in the Report:
AMG (Germany)
Asbury Carbons (U.S.)
Eagle Graphite (Canada)
Grafitbergbau Kaisersberg GmbH (Austria)
Imerys S.A. (France)
Stoker Concast Pvt. Ltd. (India)
BTR NEW Material Group Co., Ltd. (China)
Nacional de Grafite (Brazil)
SGL Carbon (Germany)
Mineral Commodities (Australia)
Superior Graphite (U.S.)
Tirupati Carbons & Chemicals Pvt. Ltd. (India)
Fortune Business Insights™ provides this information in its research report, titled "Graphite Market, 2024-2032".
𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐚 𝐅𝐫𝐞𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐃𝐅- https://www.fortunebusinessinsights.com/enquiry/sample/graphite-market-105322
Segmentation:
High Temperature Resistance Attribute of Synthetic Products to Spur Segment Growth
In terms of product, the market is classified into synthetic and natural. The synthetic segment occupied the largest graphite market share in 2023. Synthetic products are popular for their corrosion and high temperature resistance and are made using high-purity carbon. These features make them a superior choice for highly specialized industries that need predictable carbon material outcomes. This factor is bolstering the synthetic segment expansion.
Mounting Demand from Several Industries Leads Refractory Segment's Dominance
On the basis of application, the market is categorized into recarburising, lubricants, friction products, refractories, batteries, foundries, and others. The refractory segment dominates the market with escalating demand from automotive, aerospace, construction and other industries coupled with swift industrial development.
Based on region, the market has been studied across the Middle East & Africa, Europe, North America, Latin America, and Asia Pacific.
𝐆𝐞𝐭 𝐚 𝐐𝐮𝐨𝐭𝐞- https://www.fortunebusinessinsights.com/enquiry/get-a-quote/graphite-market-105322
Report Coverage
The key factors impelling the market growth have been mentioned in the report. Besides this, it provides comprehensive coverage of the COVID-19 pandemic impact, the latest trends, dominating segments, and major industry developments. The report further offers an in-depth analysis of the competitive strategies deployed by top companies to outshine the competition.
Drivers and Restraints:
Increasing Battery-driven Vehicle Trend to Propel Market Growth
The product is utilized to manufacture thermally conductive polymers, which are deployed for the replacement of metal in automotive components manufacturing. In addition, heavy investments in the electrification of the automotive industry have been impelled by momentum toward clean energy. Thus, these factors are bolstering the graphite market growth.
Despite such growth opportunities, the surging export duties may impede market expansion.
Regional Insights:
Asia Pacific Dominated Owing to Vast Presence of Steel Production Plants
Asia Pacific registered the largest share of the market in 2023 and was valued at USD 4.08 billion. Moreover, China witnessed the largest share in 2023 on account of the extensive presence of battery and steel production plants.
Latin America and the Middle East & Africa are set to grow moderately during the forecast period. These regions are slated to witness an additional demand owing to Saudi Vision 2032 and other considerable efforts by the government of Brazil to boost their battery production capability.
𝐑𝐞𝐚𝐝 𝐌𝐨𝐫𝐞 𝐈𝐧𝐟𝐨𝐫𝐦𝐚𝐭𝐢𝐨𝐧- https://www.fortunebusinessinsights.com/graphite-market-105322
Competitive Landscape:
Top Companies Leverage Partnership Deals to Release Enhanced Products
Joint ventures, product innovations, and capacity expansions are some of the strategies opted for by prominent companies to boost their share. A wide array of companies are focusing on partnership deals to launch enhanced products.
Key Industry Development:
March 2021: SGL Carbon was awarded USD 46.2 million in IPCEI grants for Graphite Anode Products (GAM) in lithium-ion batteries. The SGL Carbon project aims to make revolutionary anode materials in Europe a crucial value-added step in electromobility.
𝐑𝐞𝐥𝐚𝐭𝐞𝐝 𝐑𝐞𝐩𝐨𝐫𝐭𝐬-
Graphene Market- https://www.fortunebusinessinsights.com/graphene-market-102930
Carbon Felt and Graphite Felt Market- https://www.fortunebusinessinsights.com/industry-reports/carbon-felt-and-graphite-felt-market-101300
Contact Us:
Fortune Business Insights™ Pvt. Ltd.
9th Floor, Icon Tower,
Baner, Pune-411045,
Maharashtra, India.
Phone:
U.S.: US +1 833 909 2966 (Toll Free)
UK +44 808 502 0280 (Toll Free)
APAC +91 744 740 1245
Email: sales@fortunebusinessinsights.com
𝐀𝐛𝐨𝐮𝐭 𝐔𝐬:
Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.
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