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. Request For Sample Copy of this Research Report : https://www.coherentmarketinsights.com/insight/request-sample/1563 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.