Categories
Business

Graphite Block Market Size Will Hit around USD 19 Billion 2026 – Facts & Factors

The Global Graphite Block Market Is Powered By High Demand For The Lithium-Ion Battery Industry And Substantial Output Of Steel By Electric Arc Furnace Graphite Electrodes.

Graphite Block Market is a non-metal but has metallic features such as high rigidity, resilience, strong electricity & heat conductor, and others. There are two distinct types of graphite, namely synthetic graphite and natural graphite. Graphite is a carbon mineral used in numerous uses, such as electric vehicles, refractories, foundries, lubricants, uses for construction, and others. The increasing use of graphite in the above-mentioned industries is due to its many benefits, such as wear reduction, ease to the machine, resistance to thermal shock, high rate of metal removal, and others.

Get a Free Sample of this report Here

The graphite block market was projected at around USD 14 billion in 2019, and by the end of 2026, existing and expected developments would hit estimations of around USD 19 billion.

As buyers generally look to do their home projects on their own, the graphite block market continues to take a positive trend. Yet it has become even more competitive in the market. To drive revenue, the intensified rivalry has resulted in several businesses raising promotional activity. Graphite block provides outstanding corrosion resistance from molten slag to the refractory. It has strong wear resistance and hardness at high temperatures, low density, and outstanding thermal shock resistance. In the automotive industry, there has been a steady growth in the use of lithium-ion batteries. E.g., Tesla Motors, Inc., a U.S. based automobile corporation, has announced plans to invest USD 5 billion in a new factory for lithium-ion batteries. This is expected to increase natural graphite demand by up to 37% by 2020. By 2017, the factory is scheduled to start production. Also, the rapid growth in the usage of lithium-ion batteries is expected to further drive the graphite demand in smartphones, notebooks, tablets, portable video devices, and power tools. In the development of each generation of batteries, Imerys has always been a key player as our extremely pure and highly conductive carbon-based products lead to improved performance, reliability, and security.

The manufacturing companies and experts predict the worldwide graphite block market growth in terms of a CAGR of around 5%. The rise in the export duty on graphite in China and the decreasing trend in the price of natural graphite are key factors that, during the forecast period, have hindered the growth of the graphite market. Also, development in the use of green technology and merger & acquisition activities is projected to provide leading players with lucrative growth prospects to retain their position in the industry in the coming years. It is expected that the global graphite market will show considerable growth prospects, primarily due to the growing demand for lightweight materials in aircraft part manufacturing, such as carbon fiber reinforced polymers. The battery manufacturing application has the highest market opportunity on the market because of the increasing advancements and improvements in innovations used in the manufacture of lithium-ion batteries. The upsurge in demand for graphite, principally in the steel sector as a crushed & plank tin is driving global demand for graphite. The growth of the graphite block industry may be hindered by decreases in global economic conditions.

Top Market Players

  •  AGT
  •  GCP
  •  Imerys
  •  Focus Graphite Block
  •  Mersen
  •  Superior Graphite Block
  •  RS Mines
  •  Bora Bora Resources
  •  Qingdao Ruisheng
  •  Lomiko Metals
  •  Beijing Sanye
  •  Shenzhen Jinzhaohe
  •  Qingdao Huatai
  •  AoYu Graphite Block
  •  Cable Consultants
  •  Alabama Graphite Block
  •  Northern Graphite Block
  •  CCGG

To know an additional revised 2020 list of market players, request a sample report

Based on product type, the worldwide graphite block market can be segmented into Natural and Synthetic, with the ‘Synthetic’ category having the leading market share of more than 60 percent, closely followed by the “Natural” category of the worldwide graphite block market share. The demand from the steel and battery industry is rising. This rise in demand from the automotive industry for steel and batteries is due to an increase in the use of graphite electrodes. During the projected era, synthetic graphite is predicted to retain its supremacy. In terms of applications, the market can be segmented into lubrication, refractory, batteries production, foundry, electrodes, and others. In 2019, the refractory category held the largest market share based on use. As the graphite electrode is increasingly used in the manufacture of electric arc furnace steel, this is due to increased demand from the steel industry. Also, the rise in demand for graphite to manufacture crucibles, ladles, and molds to keep molten metal fuels the market growth during the forecast period.In terms of geography, the Asia Pacific region was the leading region in terms of volume as well as revenue market share among other regions. This is due to the existence in the area of major actors and an overwhelming customer base. Moreover, the top graphite production countries, such as China, India and Japan, account for more than 40% of the global market share in volume terms.

Frequently Asked Questions

What is the graphite block?

Graphite is a non-metal but has metallic features such as high rigidity, resilience, strong electricity & heat conductor, and others. There are two distinct types of graphite, namely synthetic graphite and natural graphite. Graphite is a carbon mineral used in numerous uses, such as electric vehicles, refractories, foundries, lubricants, uses for construction, and others.

Browse detail report with in-depth TOC HERE

What are the key factors driving graphite black market expansion?

The rise in the export duty on graphite in China and the decreasing trend in the price of natural graphite are key factors that, during the forecast period, have hindered the growth of the graphite market. Also, development in the use of green technology and merger & acquisition activities is projected to provide leading players with lucrative growth prospects to retain their position in the industry in the coming years. It is expected that the global graphite market will show considerable growth prospects, primarily due to the growing demand for lightweight materials in aircraft part manufacturing, such as carbon fiber reinforced polymers.

Which region will make notable contributions towards global Graphite block Market revenue?

Asia PacificGraphite block market is anticipated to contribute remarkably towards the overall Graphite block market size in the coming years. Currently, the Asia Pacific region held around 40% share of the global graphite block market.

Which are the key players leveraging Graphite block Market growth?

Some of the leading and top graphite block companies in the global graphite block market include GCP, AGT, Focus Graphite Block, Imerys, Superior Graphite Block, Mersen, Bora Bora Resources, RS Mines, Beijing Sanye, Qingdao Ruisheng, Lomiko Metals, Qingdao Huatai, Shenzhen Jinzhaohe, Cable Consultants, AoYu Graphite Block, Northern Graphite Block, Alabama Graphite Block, Asbury Graphite Mills, Inc., CCGG, Flinders Resources Ltd., Energizer Resources Inc., Showa Denko, Mason Graphite, Graphite India Limited, SGL Carbon SE, and SEC Carbon Limited among others.