Pune, India -- (SBWire) -- 03/11/2019 --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.
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Major Market Drivers and Restraint:
-Growing application of graphite in the wind energy industry
-Increasing demand for lithium-ion batteries and fuel cells
-Increasing use of graphite in the manufacturing of structural composite parts used in the aircrafts
-Insufficient production capacity
Major Competitors in Graphite Market
-Northern graphite corporation
-Asbury Graphite Mills
-Flinders Resources Ltd
-Showa Denko K.K. SEC Carbon Ltd
-Triton Minerals Ltd
-Hexagon Resources Limited
-Mason Graphite
-Focus Graphite
-Energizer Resources
-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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Market Segmentation:
The graphite market is segmented on the basis of type into
-natural graphite
-synthetic graphite
On the basis of application, the market is segmented into
-refractory
-foundry
-battery
-friction product
-lubricant and others
On the basis of geography, the graphite market report covers data points for 28 countries across multiple geographies such as
-North America
-South America
-Europe
-Asia-Pacific
-Middle East
-Africa
Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others. In 2017, Asia-Pacific is expected to dominate the market.
Competitive Landscape:-
The global graphite market is highly fragmented with the presence of a large number of players across different regions. These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
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Graphite Market Expected to Take High Jump of CAGR 5.4% by 2024