future of graphite industry

Synthetic graphite is projected to grow at a CAGR of 6.8% over the forecast period with a value share of 92%. However, owing to the international trade turbulences and unfavorable geopolitical affairs, the growth rate is expected to slow down initially, during the forecast period. The major factors driving the growth of the market studied include the augmenting demand from the burgeoning lithium-ion (Li-ion) battery industry and rise in steel production in Asia and the Middle East. Graphite is a mineral of carbon used in various applications such as electrical vehicle, refractories, foundry, lubricating agent, construction applications, and others. Securities Disclosure: I, Priscila Barrera, hold no direct investment interest in any company mentioned in this article. Graphene Sheets. Industry experts report that China’s 2010 graphite global market share was around 75%. Here the Investing News Network looks at the key trends in the graphite market in 2019 and what the graphite outlook is for 2020. The rise of the lithium ion battery market has unleashed a torrent of investors and developers keen to ride this new market wave. The current production capacity of UHP graphite electrodes in China is around 50 thousand metric ton per year. materials in energy application, and as catalysts. One of the main catalysts in the graphite industry last year was China’s continued shift away from upstream production towards downstream production. Synthetic graphite is costlier than natural graphite owing to complex production process. All readers are encouraged to perform their own due diligence. The global graphite market was valued at $14.3 billion in 2019, and is expected to reach $21.6 billion by 2027, registering a CAGR of 5.3% from 2020 to 2027. As a result, graphite prices have started to rise, particularly for graphite flake styles which are now commanding between $2,000 and $3,000 a ton depending on flake size. The report presents a detailed picture of the global graphite market, including an analysis of the historical … The Global Graphite Market is mainly driven by the growing demand for graphite in metalworking, automotive, and construction industries and is likely to exhibit steady growth over the forecast period from 2017 to 2023, according to the latest research report from Market Research Future (MRFR). The increasing demand for graphite, for its usage in lithium-ion batteries used in electric vehicles, consumer electronics, and other electricity storage applications, is expected to increase the demand for natural graphite. Additionally, almost all the end-user industries in the country have been growing, owing to the rising population, living standards, and per capita income. The current major application of natural graphite is in refractories, casting, and foundries. Despite discussions surrounding changes in battery chemistry, many experts think graphite will remain a key element in EV batteries for at least the next decade. Rely on our Market Intelligence platform to get the latest trends on the Graphite Industry and anticipate the future of the sector. Future developments in graphene power banks could extend the driving ranges of electric vehicles by 500 miles or more in addition to significantly reducing the battery charge times. Ultra Fast Pulsed Lasers 8. The opinions expressed in these interviews do not reflect the opinions of the Investing News Network and do not constitute investment advice. The Future of Graphite (Natural) Market in Canada report is a comprehensive analytical work on Canada Graphite (Natural) markets. By selecting company or companies above, you are giving consent to receive communication from those companies using the contact information you provide. Want to learn more about what’s next for graphite? One of the main catalysts in the graphite industry last year was China’s continued shift away from upstream production towards downstream production. The variation in products and processing channels is key in understanding the market. This type of graphite is useful in lithium-ion batteries. In an effort to retain its graphite resources, China has restricted its graphite supply and has imposed a 20% export duty plus a 17% VAT. The graphite industry is fragmented in nature, with the presence of market players such as Showa Denko K.K., SGL Carbon SE, Graphite India Ltd., Graftech International Ltd., Tokai Carbon Co. Ltd., Syrah Resources Limited, Hitachi Chemicals Company Ltd., Qingdao Guangxing Electronic Materials Co. Ltd., and HEG Ltd. China holds the largest share, in terms of consumption and production capacity of graphite electrodes in the global scenario. Thus, the price of natural graphite is expected to rise during the forecast period. Click here. The country saw increasing imports, mainly from Africa, according to Roskill Deputy Manager Suzanne Shaw. However, the batteries segment is expected to be the fastest-growing application over the next five years, and it is expected to the largest application by 2024. “Imports are thought to have declined in Q4 with the reduced production from Syrah Resources (ASX:SYR,OTC Pink:SYAAF).”. Moreover, the COVD-19 pandemic is having a substantial economic impact, as the Chinese economy contracted by 6.8% for the first time in decades, in Q1 2020, as the virus forced factories and businesses to shut down. Graphene is used in a range of other automotive applications to improve the strength of tires, reduce total vehicle weight, and in structural applications to better protect occupants in the event of a crash. To understand geography trends, Download Sample Report. On the bright side, as of March 2020, China has lifted the lockdown and started various industrial operations in the country, while other countries are still aggressively engaged in lockdowns and medical treatments. The annual growth rate of the country’s GDP was 6.6% in 2018, and 6.3% in 2019. The demand for lithium-ion batteries in China is expected to grow rapidly, owing to the growth in adoption of new energy vehicles (NEVs) and ESS for on-grid and off-grid applications. “The synthetic space has seen strong growth in China due to the lifecycle benefits that the country’s producers can obtain compared to spherical graphite. Graphite, which has both metallic and non-metallic properties, has been used by humans for thousands of years and as technology progresses, its importance is growing. 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