Graphite

Graphite Market - Global Industry Insights, Trends, Outlook, and
Opportunity Analysis, 2018-2025
Graphite is an allotrope of carbon with crystalline structure and has both metallic and
non- metallic properties. Metallic properties of graphite include thermal and electrical
conductivity and the non-metallic properties include lubricity, chemical inertness, and
thermal resistance. Furthermore, there are two grades of graphite available,
including high-purity & high-cost synthetic graphite, and lower-cost-purity natural
graphite. Mining of the natural graphite often requires various mineral processing
such as froth flotation to increase the graphite concentration, as mined natural
graphite often contains other minerals. Natural graphite has excellent electrical and
heat conductivity and is a high refractory material. Refractories for the steel industry
is a major market for natural graphite. Furthermore, synthetic graphite is produced
using raw materials such as petroleum coke and tar pitch with higher purity as
compared to natural graphite. It has higher porosity, lower density and higher
electrical resistance. Synthetic graphite are majorly used as moderator rods in
nuclear power plants, electrodes for metallurgical processing and electrical furnaces,
and in the manufacturing of batteries and carbon brushes.
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Growing application of graphite in the automotive industry including graphite filament
and in the production of various components where graphite is used as a core
material such as motors, disk brake linings & pads, cylinder heads, exhaust systems,
and gaskets is fuelling growth of the market. Graphite is extensively used as an
active anode material in lithium-ion batteries and the growing demand for advanced
energy storage products such as lithium-ion batteries is aiding in growth of the
graphite market as well. According to the Coherent Market Insights’ analysis, the
global advanced energy storage market was valued at US$ 11.79 billion in 2016 and
is expected to exhibit a CAGR of 8.88% during 2017–2025. Moreover, rising
demand for ultra-lightweight materials in aircraft components such as carbon-fiber
reinforced polymers (CFRP), is aiding in growth of graphite market, as graphite is
majorly used in the production of CFRPs. According to the Clean Energy
Manufacturing Analysis Center (CEMAC), in 2012, demand for carbon fiber end
products was highest in Europe and was estimated to be 16,650 tons, which was
37% of the world’s total demand for carbon fiber end products. Additionally, growing
application of graphite in fuel cells and nuclear energy is expected to boost growth of
the graphite market during the forecast period.
Market Outlook
In terms of revenue, Asia Pacific is expected to be the fastest growing market for
graphite during the forecast period. Rapid industrialization in emerging economies
including India and China is fuelling demand for graphite in the region, as graphite is
used in a wide range of industries such as automotive, chemical, and nuclear.
According to the United States Geological Survey (USGS), China was the leading
country in the world mine production of graphite in 2012 and in 2016, China was
projected as the largest supplier of flake and amorphous grades of natural graphite
and accounted for around 68% of the global graphite production. Furthermore, rising
fuel prices, steadily growing awareness regarding eco-friendly electrical vehicles with
graphite using li-ion batteries is fuelling growth of the market in the region. According
to the data by Asia Pacific Economic Corporation (APEC) in 2017, Asia Pacific is the
largest new vehicle market in the world and the largest emerging market in the new
energy vehicles (NEVs). Furthermore, Chinese government is supporting and
promoting use of new energy vehicles, owing to rising concerns regarding air
pollutants through vehicles and the country has set the target of having 5 million
plug-in hybrid vehicles (PHEVs) and battery- electric vehicles on the road by 2020.
This in turn, fuelling growth of the graphite market in the region.
In 2017, North America accounted for significant share in the global graphite market
with U.S. being the major contributor. However, graphite mining had faced
stagnation and has not been mined in the country since 1990’s, according to the
United States Geological Survey (USGS). As a result, the U.S. now imports graphite
from countries such as China, Canada, Brazil, and Mexico, to cater to growing
demand for graphite in the country. According to the USGS, in 2015, the U.S.
imported 47 thousand metric tons and consumed 24,200 tons of natural graphite
valued at US$ 25.60 Mn, in 2016. Furthermore, high demand for computers, smart
phones, mobile devices, and other electronic products with battery containing
graphite is driving growth of the market. According to the United States Department
of Commerce, shipments for the computer and electronic products from U.S.
manufacturing sector was valued at US$ 5.7 trillion in 2012.
Key Players and Business Strategies
Major players operating in the global graphite market include GrafTech International
Ltd., AMG Advanced Metallurgical Group N.V., HEG Ltd, Graphite India Limited,
Tokai Carbon Co. Ltd., Toyo Tanso Company Ltd., Showa Denko K.K., SEC Carbon
Ltd., Mason Graphite Inc., Triton Minerals Ltd., and Northern Graphite Corporation.
Key players are adopting various business strategies such as product development,
strategic collaborations, and mergers & acquisitions, in order to retain their market
share. For instance, in November 2017, the Tokai Carbon Company Ltd. acquired
the U.S. subsidiary, SGL GE Holding GmbH, which is involved in the manufacturing
of graphite electrodes. The acquisition is anticipated to enhance the company’s
business in North America region.
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Graphite Market report categorizes the global market by graphite type (Natural Graphite and Synthetic Graphite), by application (Battery, Lubricant, Refractory, and Others), and by end-use Industry (Automotive, Electrical, Chemical, Paints & Coatings, Nuclear, and Others)

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