Graphite Market to Grow due to Significant Rise in Demand for Lithium-ion Batteries| GrafTech International Holdings Inc, Graphite India Ltd, Triton Minerals Ltd, Mason Graphite, Inc, SGL Group and ot
The global graphite market is projected to reach USD 29.05 billion by 2022, at a CAGR of 5.2% from 2017 to 2022. The demand for graphite is directly dependent on the growth of its application industries, including refractory, foundry, battery, friction product, and lubricants. The refractory application segment was the largest segment of the graphite market in 2016, owing to the high demand from the steel industry. The battery application segment is projected to be the fastest-growing application segment in the graphite market, in terms of volume, between 2017 and 2022, due to the growing investments in electric vehicles, energy storage, and portable electronics. Graphite is majorly produced and exported by countries, including China, North Korea, and Brazil, and is imported in the U.S., Japan, Germany, and India.
Get PDF Brochure for Research Insights at: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=120270209
Based on application, the battery segment is projected to be the fastest-growing application in the graphite market, from 2017 to 2022. The increasing consumption of consumer electronics and growing investments in the storage utility batteries industry across the globe is expected to drive the demand for graphite in the battery segment. Also, the establishment of Tesla’s Gigafactory 1 in Nevada, U.S., is expected to play a key role in driving the demand for graphite in North America in the coming years.
Based on type, natural graphite is the fastest-growing type in the global graphite market. The growing demand for natural graphite from the refractory and foundry application segments is expected to drive the natural graphite segment in the graphite market. Owing to the low cost of natural graphite, key players active in the graphite market are striving to technologically advance natural graphite to surpass the expensive grades of synthetic graphite.
Get the Latest Version of the Report and be ahead of Your Competitors: https://www.marketsandmarkets.com/RequestNewVersion.asp?id=120270209
Key players in the graphite market include GrafTech International Holdings Inc. (U.S.), Graphite India Ltd. (India), Triton Minerals Limited (Australia), Mason Graphite Inc. (Canada), and SGL Group (Germany), among others. Major strategies adopted by key players to enhance their businesses include expansions, new product launches, and agreements.
In March, 2015, one of the key players active in the graphite market, Triton Minerals Ltd., signed an agreement to form a strategic alliance with AMG Mining AG (Germany) through GK Ancuabe Graphite Mine SA, a subsidiary of AMG. The strategic alliance was entered into for an initial exclusive period of two years during which, the parties will collaborate on the exploration, identification, and development of graphite occurrences in the Ancuabe district, in the Province of Cabo Delgado in Mozambique. Another major development from Triton Minerals Ltd. was in April 2015, in which Triton signed a 20-year off-take agreement with graphite products specialist Yichang Xincheng Graphite Co., Ltd. (China) to supply 100,000 tons of graphite concentrate per year at a sale price of USD 1,000 per ton.
Mason Graphite, a key player in the graphite market, made an additional equity investment of USD 1.0 million in Group NanoXplore Inc. (Canada) in November 2016. NanoXplore will use the funds to increase the production of graphene from 4 to 64 metric tons per year.
Focus Graphite, another key player active in the graphite market, signed a USD 1.0 million agreement with Grafoid Inc. (Canada) in September 2015 for the purchase of 1,000 tons of graphite for a 10-year period. It also granted Grafoid the right of first refusal to extend and expand the agreement for an additional 10-year period.
Share Your Requirements & Get Customized Reports at https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=120270209
About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their pain points around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 Micro Quadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledge store” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Media Contact
Company Name: MarketsandMarkets™ Research Private Ltd.
Contact Person: Mr. Aashish Mehra
Email: Send Email
Phone: 18886006441
Address:630 Dundee Road Suite 430
City: Northbrook
State: IL 60062
Country: United States
Website: https://www.marketsandmarkets.com/Market-Reports/graphite-market-120270209.html
