Graphite Market is Anticipated to Grow From US $16.4 Bn in 2017 to US $26.8 Bn in 2025, Recording a CAGR of 8.5% for the Period One of the most desirable materials among those active in the next-generation energy sector, graphite represents a rapidly progressing, multi-billion-dollar market at a global level. Majorly fuelled by the advent of renewable energy sources, and innovations in green energy technologies, Fairfield Market Research expects the global graphite market to see a robust growth outlook during 2021 – 2025. A new report by the company forecasts a strong 8.5% CAGR for the graphite market through 2025, reaching an estimated revenue of more than US$26 Bn. The market will also receive a boost from the flourishing steelmaking industry, banking on the superior attributes of graphite, including higher electrical conductivity, greater mechanical strength, better lubricity, and superior thermal shock resistance. Get a Sample Copy of Global Graphite Market: https://www.fairfieldmarketresearch.com/report/graphite-market/request-sample As far as the impact of COVID-19 is concerned, the global graphite market has been hit hard due to the pandemic situation. All the major end-use sectors of graphite, including steelmaking, automotive, electronics, and electric vehicles (EVs) that faced the wrath of the viral outbreak have also held a cascading impact on the graphite market as well. The market is however likely to revive in the near future as the key consumer industries show clear signs of recovery. Graphite Consumption to Ramp up as Demand for EVs Uplifts Li-ion Battery Sales Natural graphite variant is recently gaining ground for application in production of flexible graphite that is typically used as one of the key components of rechargeable Li-ion batteries. The application base of natural graphite has been continuously expanding, of which thermal management, and battery storage mark the top ones. With an exceptionally rising rate of electric vehicle (EV) sales over the recent past, the graphite market is all set to thrive at a remarkable pace over the forecast period. On the other hand, synthetic graphite remains a dominant variant with more than 60% of the global market revenue. It has been considered as a purer form of graphite that also has higher conductivity, which would remain the key driver for its continued adoption for applications like graphite electrodes, lubricants, synthetic carbon, Li-ion battery anodes, graphite shapes, foundries, coatings, refractory materials, recarburisers, and conductive fillers. Among these key application areas, synthetic graphite adoption is prominent for electrodes. These electrodes find application in electric arc furnaces (EAFs), as well as melting furnaces functional at steel plants, and silicon plants.
Graphite Market Anticipated to Attain Value of US $26.8 Bn by the End of 2025
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