Global Market Study on Graphite: Asia to Dominate; Synthetic Graphite to Attain US$ 16.06 Million Market Value by 2020-end


  • Published On : Feb-2015 |
  • Pages : 114 Pages |
  • Format :

Projecting the growth of global graphite market is highly-perplexing as the elemental material has been an intrinsic substance in several end-use operations. Research on graphite’s applications continues to venture endless end-use opportunities. Persistence Market Research’s report on the global graphite market illustrates that graphite is the second-most prevalent component in lithium-ion batteries. With a majority of graphite used in batteries, the global market will keep surging upward in accordance to rising demand for batteries and other power storage utilities. The growth of global graphite market is majorly influenced by soaring demand for lithium-ion batteries in electronic applications such as smartphones, portable media player, tablets, power tools, and laptops. 

The report includes a section on the regional segmentation of the global graphite market into North America, Asia, Europe, and Rest of the World (RoW). Asia-Pacific countries such as China, India and Japan will continue to supplement the dominance of Asia in the global graphite market. Being the largest market for graphite in the world, Asia continues to garner high revenues for housing leading manufacturers of lithium-ion batteries. China, solely, accounts for 70% share of total global graphite production. North America, similarly, will rise at a staggering 30% CAGR through 2020, with a considerable influence of sales of tablets equipped with lithium-ion batteries in the US. Europe is likely to attain the second spot owing to increasing use of graphite in green technology applications such as photovoltaic batteries and other energy storage utilities. 

The report includes a section on the competitive landscape of global graphite market, where leading companies are profiled according to their business expansion, weakness, strengths, share in global production and global prominence. The report estimates the values of global graphite market during 2014-2020, with the base year for purpose of calculation being 2013. Besides the restraints, drivers, regional analysis and increment opportunity information, the report has also segmented the growth of global market for graphite into types of graphite, types of synthetic graphite, and end-uses. While natural graphite has no sub-segments, carbon fiber, graphite powder, graphite electrode and graphite blocks, among others, are the prominent types of synthetic graphite. Based on the end-use, the global graphite market is segmented into refractory applications, lubrication, battery, foundry, and electrode production, among others. 

Research Methodology 

To deduce the global graphite market size, the report considers various aspects based on secondary research. Furthermore, key data points such as region-wise split and market split by type of graphite (natural or synthetic), types of synthetic graphite, and end-uses; and qualitative inputs from primary respondents have been incorporated to arrive at appropriate market estimates. The forecast presented in the report assesses the total revenue generated and expected revenue contribution in the global graphite market. 

The report begins with sizing the market in terms of value and volume for the base year, which forms the basis for forecasting how the market is anticipated to take shape in the near future. Given the characteristics of the market, gathered data is triangulated via different analysis based on supply side and demand side drivers and other key dynamics of the global graphite market. To develop the market forecast, Persistence Market Research has also conducted a factor analysis to understand the impact of various forces/factors on the target market. The report provides forecasts not only in terms of CAGR but also presents a detailed analysis based on key parameters such as Year-on-Year (Y-o-Y) growth to understand market predictability and to identify the right opportunities. 

Another key feature of this report is an analysis of the global graphite market and the corresponding revenue forecast in terms of absolute dollar opportunity, usually overlooked while forecasting the market. However, absolute dollar opportunity is critical in assessing the level of opportunity that a provider can look to achieve, as well as to identify potential resources from a sales perspective in the global graphite market. Further, to understand key segments in terms of their growth and overall global graphite market performance, Persistence Market Research has developed a market attractiveness index to help providers identify existing market opportunities in the global graphite market.

Recent developments such as Tesla Motors’ plans to manufacture lithium-ion batteries indicate the promising future for graphite. More applications of lithium-ion batteries in electronic devices will facilitate the growth in demand for graphite. In 2013, the global market for graphite was valued at US$ 13.6 billion, and is projected to increase at 3.70% CAGR and reach US$ 17.5 billion in 2020. 

Key Market Dynamics 

The prevalent need for using graphite filament and components in the automobile industry acts as the necessary driver for growth of global graphite market. Cylinder heads, motors, clutch materials, disk brake linings & pads, gaskets, and exhaust systems, among others, are produced with graphite as the core material. Batteries continue to use graphite for production, which also surges the demand in the global market. Replacement of asbestos has also served to hike adoption of graphite in several applications. The market is also impacted by growing use of graphite in production of ultra-lightweight carbon-fiber reinforced plastic (CFRP). 

Segment Analysis 

While the global graphite market is primarily classified into natural and synthetic graphite, the latter being further segmented into graphite powder, graphite blocks, graphite electrode, carbon fiber and others. The end-use-based classification in the global graphite market includes refractory, lubrication, foundry and production of batteries and electrodes, among others. Revenue-wise, the synthetic graphite segment (comprising all sub-types) garnered US$ 12.49 billion in 2013, anticipating to procure US$ 16.06 billion by 2020-end at 3.7% CAGR. In the segment, graphite electrodes secured revenues worth US$ 5.06 billion in 2013, predictably expanding at 3% CAGR through 2020. 

Regional Analysis 

In 2013, Asia’s graphite market recorded the value of US$ 9.17 billion, becoming the largest regional market for graphite. In terms of revenue, Asia continues to dominate the global market with 67.4% share, while the rest is accounted by Europe and North America at 14.1% and 10.4% correspondingly. By 2020, Asia-Pacific is slated to expand its graphite market at 4.0% CAGR and dominate in terms of global graphite production. Meanwhile, North America’s global prominence is slated to get lowered to 10.3%, while Europe will witness marginal increase to 14.2%. 

Key Market Players 

Production of graphite is predominantly concentrated in China and other Asia-Pacific countries. Some of the key manufacturers and leading companies participating in the global graphite market include, Northern Graphite Corporation, Asbury Graphite Mills, Inc, Energizer Resources Inc., Lamboo Resources Limited, Triton Minerals Ltd., Mason Graphite, Flinders Resources Ltd., Focus Graphite Inc., Tokai Carbon Co., Ltd., GrafTech International Holdings Inc., Alabama Graphite Corp., Graphite India Limited, SGL Carbon SE, Showa Denko K.K., Syrah Resources Limited, and Nippon Graphite Industries, Co., Ltd., among others.

Some of the major companies operating in the global graphite market:

  • Triton Minerals Ltd.
  • Lamboo Resources Limited, Mason Graphite.
  • Focus Graphite Inc.
  • Energizer Resources Inc.
  • Northern Graphite Corporation.
  • Alabama Graphite Corp.
  • Flinders Resources Ltd.
  • Syrah Resources Limited.
  • SGL Carbon SE.
  • GrafTech International Holdings Inc.
  • Graphite India Limited.
  • Nippon Graphite Industries, Co., Ltd.
  • Asbury Graphite Mills, Inc.
  • Showa Denko K.K.
  • Tokai Carbon Co., Ltd.

 

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