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Global Graphite Market size was valued at $13,004 million in 2015, and is expected to reach $18,769 million by 2022, supported by a CAGR of 5.4% during the forecast period 2014 to 2022.Graphite is flexible in nature and has both metallic and non-metallic properties, which makes it appropriate for a diverse range of industrial applications. The non-metallic properties of graphite include high thermal resistance, chemical inertness, and lubricity, while the metallic properties include electrical and thermal conductivity. <br>
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Opportunity Analysis and Industry Forecast, 2016-2023 Graphite Market Expected to Reach $18,769 Million, Globally, by 2022 Global Opportunity Analysis and Industry Forecast, 2014-2022
Graphite Market “Increase in use of graphite to produce lithium ion battery anodes, specifically in consumer electronics, initiated the use of natural and synthetic graphite especially, as a counterpart to heavy and costly metals. Thus, rise in demand for relatively lighter and inexpensive materials across battery production applications pose lucrative opportunities for significant players in the market.”
Graphite Market Overview Graphite Market Size Report, published by Allied Market Research, forecasts that the global market was valued at $13,004 million in 2015, and is expected to reach $18,769 million by 2022, supported by a CAGR of 5.4% during the forecast period 2014 to 2022. The refractories segment held nearly three-fourths of the total market in 2015. Access Full Summary at: https://www.alliedmarketresearch.com/graphite-market Similar to diamond, graphite is an allotrope of carbon that portrays a hexagonal crystalline form and is black or gray in color. Graphite furnishes high thermal resistance with a melting point of around 3,930 C. It is the most electrically and thermally conductive nonmetal and an efficient lubricant. Graphite is chemically inert in nature and has a high resistance to corrosion.
Graphite Market The global graphite market is expected to witness various growth opportunities, owing to rise in the demand for lightweight materials in aircraft components such as carbon fiber-reinforced polymers. The battery production application possesses maximum market potential in the market, owing to rapid developments and advancements in the technologies adopted in the production of lithium-ion batteries. Moreover, rise in the demand for graphite, specifically in steel industry as a liner for crucibles & ladles, are another major factor driving the overall demand for graphite globally. The battery production segment is expected to register a CAGR of 6.0% during the forecast period.
Graphite Market Key Players • Key market players have invested significantly on R&D activities to develop advanced products to cater to the demand of end users. The major players in the graphite market are: • Northern Graphite Corporation • Asbury Graphite Mills, Inc. • Energizer Resources Inc. • Mason Graphite • Flinders Resources Ltd. • Focus Graphite Inc. • Showa Denko K.K. • SGL Carbon SE • SEC Carbon Limited • Graphite India Limited
Key Benefits of Graphite Market • Detailed qualitative and quantitative analysis of the current market estimations and trends during the forecast period to determine the prevailing market opportunities. • Comprehensive analysis of factors that drive and restrict the growth of the market is provided. • Detailed regional analysis based on primary and secondary sources is provided. • Extensive analysis is conducted by following product benchmarking and positioning and monitoring the top competitors within the global market. • The report provides extensive qualitative insights on the significant segments or regions. • It offers key insights on strategic analysis of various companies and value chain analysis of the graphite market.
Graphite Market North America Europe Asia-Pacific LAMEA
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