Global Graphite Market (2019 Edition): World Market Review By Type (Natural, Synthetic), By Application (Refractory Materials, Batteries, Others): Opportunities and Forecast (2019-2024)

Date: 1 December 2019

According to the research report published by Azoth Analytics in November 2019, the Graphite market was valued at USD 17613.93 million in the year 2018. Global Graphite market is expected to grow rapidly on the back of growing demand of graphite for various applications, augmenting demand of the graphite in lithium ion batteries, flexibility and metallic and non-metallic nature of graphite, increase in manufacture and sales of hybrid and electric vehicles, increasing demand for high-purity graphite in fuel-cell and battery applications and growing industrial advancements.  

The Azoth Analytics research report titled ‘Global Graphite Market (2019 Edition): World Market Review By Type (Natural, Synthetic), By Application (Refractory Materials, Batteries, Others): Opportunities and Forecast (2019-2024)’ has been analysed By Country that includes U.S, Canada, India, Japan and China for the historical period of 2017-2018 and the forecast period of 2019-2024. Growing demand of graphite from the steel sector, high demand from the refractories manufacturing, growth in demand for lithium-ion batteries etc. are anticipated for the growth of market in the historic period. 

Further, due to growth of the industrial applications, the demand for natural graphite is increasing. Further the increasing usage of graphite for various applications such as refractories, steel making, foundries, as lubricating agent among many others are expected to bolster the graphite market in the coming years. Rising demand for high-purity graphite in fuel-cell and battery applications, rising demand of graphite for the lightweight materials in aircraft components, opening of new graphite mines is anticipated to provide higher momentum to the market growth. 

By Type, Synthetic Graphite are dominating the global market in 2018. Their share is anticipated to rise on the back of many factors such as superior consistency and high compared to the natural graphite, increasing demand from the electronic industries, increasing demand for high-purity graphite in fuel-cell and battery applications etc. are anticipated to bolster the growth of graphite in the forecasting year. 
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