The utilization of graphite in batteries has expanded rapidly thanks to the growing demand for electronics. On the basis of weight, graphite is the second most widely used component in lithium-particle batteries. To explore this and many more trends further, Market Research Reports Search Engine (MRRSE) has added a new report titled ‘‘Global Market Study on Graphite: Battery Segment To Witness Highest Growth by 2020” to its repository. The report, published by Persistence Market Research, covers the present status and forthcoming opportunities and trends in the market for graphite. Company profiles of dominant players across the globe also form a pivotal part of the study. According to the report, the global market for graphite had a total worth of US$13.62 billion in 2013 and is predicted to expand at a CAGR of 3.7% between 2014 and 2020 to reach US$17.56 billion by 2020.
As per this report, the graphite market is segregated on the basis of form into synthetic graphite and natural graphite, of which synthetic graphite is further segmented into carbon fiber, graphite electrode, graphite powder, graphite blocks, and others. On the basis of end use, the graphite market is categorized into refractory, electrode, battery, lubricant, foundry, and others.
On the basis of revenue, the synthetic graphite represented the biggest segment of the graphite market. Upsurge of technologically advanced applications of graphite in fuel cells, pebble-bed nuclear reactors, solar power systems, and automotive and aviation commercial ventures is driving the graphite market. Increasing demand for electric vehicles and other electronic gadgets such as tablets, mobile phones, cameras, and laptops offers immense scope for the development of the lithium-ion battery industry.
In this market study, the global graphite market is segmented on the premise of geography into North America, Europe, Asia Pacific, and Rest of the World (RoW). Asia Pacific is the largest market for graphite globally. The report states that the rise in demand for steel and various other metals has expanded the demand for graphite electrodes in the region of Asia Pacific. China represents more than 70% of global graphite production. As indicated by China's Twelfth Five-Year Plan, the government proposes to have around 5.0 million battery-electric vehicles to be utilized on the streets by 2020. This is predicted to build demand from the Asia Pacific graphite market during the forecast period.
Key organizations profiled in this report include Triton Minerals Ltd., Lamboo Resources Limited, Mason Graphite, Focus Graphite Inc., Energizer Resources Inc., Northern Graphite Corporation, Alabama Graphite Corp., Flinders Resources Ltd., SGL Carbon SE, GrafTech International Holdings Inc, and Graphite India Limited.