Global Graphite Market– Industry Trends and Forecast to 2024

Market Definition: Global Graphite Market

Graphite is a naturally-occurring mineral which forms when it is subjected to heat and pressure. Graphite is the crystalline allotrope of the carbon that forms coal. Graphite is majorly used in refractory, foundry, battery, friction product, lubricant, steel making, brake linings and neuron moderator. Graphite and carbon nano tubes are also used in the carbon fiber reinforced plastics (CFRP) and in the heat resistant composites.

Market Analysis: Global Graphite Market

The global graphite market accounted for USD 28.0 billion in 2016 and is projected to grow at a CAGR of 5.4% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic years 2014, 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.

Market Segmentation: Global Graphite Market

The graphite market is segmented on the basis of type into natural graphite and synthetic graphite.The natural graphite is further segmented into flake graphite, vein graphite and amorphous graphite.
On the basis of application, the market is segmented into refractory, foundry, battery, friction product, lubricant and others. Refractory segment is expected to grow at the highest CAGR in the forecast period.

Major Market Competitors: Global Graphite Market

Some of the major players in the graphite market include northern graphite corporation, Asbury Graphite Mills, Flinders Resources Ltd, Showa Denko K.K. SEC Carbon Ltd., Triton Minerals Ltd., Hexagon Resources Limited, Mason Graphite, Inc., Focus Graphite Inc., Energizer Resources Inc., SGL Group, Mersen Group, Graftech International Ltd., Graphite India Limited HEG Limited, Tokai Carbon Co. Ltd.,Toyo Tanso Co. Ltd. and many more.
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