Graphite Market size is estimated to reach US$22.4 billion by 2027 after growing at a CAGR of 5.5% from 2022-2027. Graphite is a carbon-based mineral found in crystalline form and it is of two types i.e., natural type consisting of flakes like amorphous graphite and synthetic type which consist of graphite made from coke & pitch. Hence rich properties like self-lubrication, high tolerance to heat and unchangeability, etc., makes graphite of high usage in various application. For instance, in automotive vehicles especially electric vehicles it is used in lithium-ion batteries, as heat resistant in refractories, as an additive in lubricant, as concrete material in construction building and a combination of graphite fibre with carbon nanotubes makes carbon fibre reinforced plastics which have high usage in the aerospace sector. However, the grinding particles and chemicals of graphite make it a harmful pollutant as it can cause pollution and damage to the respiratory system. Hence stringent regulation imposed by the government on graphite usage will hamper the growth of the graphite industry. The Graphite Market report by IndustryARC covers complete analysis of the market, its major segments, growth factors, trends, drivers and challengers, key players and more.
Competitive Landscape:
The top 5 players in the Graphite industry are –
1. Mason Graphite Inc.
2. SGL Group
3. Triton Mineral Ltd.
4. Northern Graphite Corporation
5. Syrah Resource Limited
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Segmental Analysis:
1. Natural graphite held the largest share in the graphite market in 2021, with a share of over 40%. This owns to factors like having high cost-competitiveness, friction resistance and optimal performance.
2. National Investment Promotion & Facilitation Agency, the construction sector in India will grow as the third largest globally by 2025, and construction output will grow on an average of 7.1% each year, and infrastructure activities stood at $24.72 between April 2000 and March 2021.
3. High purity graphite held the largest share in the graphite market in 2021, with a share of over 35%. This owns to factors such as high purity graphite has excellent conductivity, lubrication and high-temperature resistance.
4. Refractories held the largest share in the graphite market in 2021, with a share of over 30%. This owns to factor like graphite blocks made in refractories is used in various industries such as metal manufacturing, electronics, chemical, steel and other fields etc.
5. As per the July 2021 report of the World Steel Association the World crude steel production for the 64 countries was 161.7 million tones (Mt) in July, a 3.3% increase compared to July 2020, and the steel demand will further increase to 2.2% in next one year.
6. Metallurgical held the largest share in the graphite market in 2021, with a share of over 30%. As per the 2021 report of the World Steel Association, the world crude steel production in May for 64 countries was 174.4 million tones (Mt), showing an increase of 16.5% when compared to 149.6 million tons produced in the same month.
Report Coverage
Report Attributes
Details
By Product Type
Natural Graphite (Amorphous Graphite, Flak Graphite, Vein Graphite), Synthetic Graphite (Carbon Fibre, Graphite Black, Graphite Powder, Graphite Electrode, Others)
By Application
Lubrication, Electrodes, Friction Products, Refractories, Foundries, Batteries
By End User
Automobile Tyre, Construction, Metallurgy, Electronic, Mining, Textiles
By Geography
North America, Europe, Asia-Pacific, South America, Rest of the World
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Market Drivers and Challenges:
1. Increase in Demand for Electric vehicles: The increase in the production of electric vehicles, the demand for graphite to be used in lithium-ion batteries will also increase, thereby having a positive impact on the growth of the graphite industry.
2. Increase in volume of construction activities: Increase in the scale of construction activities will lead to increase in demand for graphite to be used in construction material, thereby providing more growth opportunities for graphite industry in the construction sector.
3. Stringent government regulations: Graphite mining and production can create environmental problems.
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