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Global Market Study on Graphite: Asia to Dominate; Synthetic
Graphite to Attain US$ 16.06 Million Market Value by 2020-end
According to a new market report published by Persistence Market Research “Global
Market Study on Graphite: Battery Segment To Witness Highest Growth by 2020”,
the global graphite market was valued at USD 13.62 billion in 2013 and is expected
to grow at a CAGR of 3.7% from 2014 to 2020, to reach USD 17.56 billion in 2020.
Increasing use of graphite in the automotive and battery industries is the major factor
driving the demand for graphite. Graphite is an important material used in gaskets,
clutch materials, motors, exhaust systems, and cylinder heads. In the past, asbestos
was the main component of linings and disk brake pads. Graphite, with benefits such
as low-noise braking, makes a good replacement for asbestos in brake pads.
Moreover, it is an important element in the manufature of ultra-lightweight carbonfiber reinforced plastic (CFRP). Traditionally, CFRP was mainly used in the
aerospace and Formula One car industries. However, CFRP is now gaining popularity
in the passenger car industry due to its light weight. This, in turn, helps reduce fuel
consumption and CO2 emissions.
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Asia Pacific is the largest market for graphite globally. Rise of technologically
advanced applications of graphite in pebble-bed nuclear reactors, fuel cells, solar
power systems, and automotive and aerospace industries is driving the graphite
market in the Asia Pacific region. China and India are the major markets for graphite
in the region. Rising demand for steel and other metals has increased the demand for
graphite electrodes in Asia Pacific. This, in turn, is driving the growth of the graphite
market. China accounts for over 70% share of total graphite production in the world.
According to China's Twelfth Five Year Plan, the government plans to have around
5.0 million battery-electric vehicles plying on the roads by 2020. This is expected to
increase demand for graphite in the Asia Pacific market during the forecast period.
According to a research report, the sale of plug-in electric vehicles in North America
is expected to rise at a CAGR of 30.0% from 2012 to 2020. The total sales of tablets
in the U.S. market grew from 9.7 million in 2010 to 40.6 million in 2013. This
growth in sales is expected to drive demand for lithium-ion batteries. Rising demand
for electric vehicles and other electronic devices such as mobiles, tablets, laptops, and
cameras offers huge potential for the growth of the lithium-ion battery industry. This,
in turn, is further expected to boost demand for graphite in North America. Europe is
the second-largest graphite market in the world. Growing use of carbon fiber instead
of steel in the automotive and aerospace industries in Europe is leading to increasing
demand for graphite. Graphite is considered as a key material for green technology.
Due to this fact, it is widely used in many applications for energy storage,
photovoltaics, and in various electronic products.
The graphite market is bifurcated on the basis of form (natural graphite and synthetic
graphite). Synthetic graphite is further sub-segmented on the basis of form (graphite
electrode, carbon fiber, graphite blocks, graphite powder, and others). Graphite
market is also segmented on the basis of end-use (electrode, refractory, lubricant,
foundry, battery, and others). All the segments provide market size and forecast by
volume and by value. The synthetic graphite segment holds the largest share of USD
12.49 billion in the graphite market in 2013 and is expected to reach USD 16.06
billion by 2020 at a CAGR of 3.7% from 2014 to 2020.
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In terms of revenue, the global graphite market grew from USD 12.30 billion in 2010
to USD 13.62 billion in 2013 at a CAGR of 3.4%. In terms of volume, the global
graphite market grew from 2.19 million tons in 2010 to 2.68 million tons in 2013 at a
CAGR of 7.1%.
Under regional segment, the Asia Pacific graphite market (the largest market in 2013)
increased by 3.8% CAGR during 2010–2013 to reach USD 9.17 billion in 2013.
Some of the major companies operating in the global graphite market are 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., and Tokai Carbon Co., Ltd.
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