Graphite Market Overview:
Graphite is one of the three key minerals used in batteries including lithium and cobalt. It is also used as the anode material in lithium-ion batteries. Hence, as a battery material, Graphite perceives a huge demand in the battery market. It is more than a USD 20 Billion a year market, growing at over 20% every year. Owing to the proliferation of smart, personal and battery-operated devices, like cell phones, laptops, and cameras the Graphite market is growing pervasively.
Graphite is booming and expected to gain prominence over the forecast period. The market is forecasted to demonstrate a stunning growth by 2023, surpassing its previous growth records in terms of value with a striking CAGR during the estimated period (2018 – 2023).
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Graphite Industry Developments:
Peninsula Mines Limited (Australia), a global leader of mineral resources commenced a graphite resource drilling program in South Africa at its Eunha Graphite Project.
SGL Group, a European chemical company, is investing approximately EUR 25 Mn for expanding its production capacities at the Bonn site over four years.
Mustang Resources Ltd, a pioneer in mining, has announced its merger with TSXV-listed Fura Gems Inc., which is a gemstone mining and marketing company, for its Montepuez ruby assets. Mustang will now be able to focus solely on its world-class Caula Graphite-Vanadium project.
Graphite Market Key Players:
The key players profiled by MRFR for a comprehensive analysis of market include Northern Graphite Corporation, Alabama Graphite Corp, Energizer Resources Inc., Lamboo Resources Limited, Focus Graphite Inc, Flinders Resources Limited, Mason Graphite Inc, and, Triton Minerals Limited among others. The competitive landscape of the market represents vigorous competition with each of the players striving to maximize their share of revenue by planning growth strategies which include development in drilling programs, acquisitions & mergers, agreements with end-user industries, innovative partnerships, etc.
Graphite Market Competitive Analysis:
Graphite Market appears to be less competitive with the presence of only few major global chemicals and materials manufacturers operating in the graphite market. Presence of few key players will lead to monopoly situation and also competitive edge in innovation and technology is expected to be indelicate. As these materials are pricing at higher costs in the current markets and increasing demand for cold insulation materials in aerospace and steelmaking industries will influence the end user products from these industries. Graphite market demonstrates a high growth potential as the demand for these materials is increasing other key players are likely to invest in opening new production capacities to meet the global demand with better solutions.
Graphite Market Regional Analysis:
By region, the global graphite market is segmented into Americas, Europe, Asia Pacific, and the Middle East & Africa. Asia Pacific is likely to retain its dominance over the next couple of years. It is estimated to exhibit steady growth at 4.1% CAGR in terms of market valuation from 2015 to 2020. The region accounts for a significant share of the graphite produced all across the world, which is likely to affect the growth of the graphite market favorably. Other factors responsible for the growth and expansion of the graphite market in Asia Pacific is the rapid industrialization, increasing urbanization, rising disposable income, etc.
Europe is projected to thrive moderately at second spot throughout the review period owing to factors such as increasing demand for graphite in refractories, steel, battery, and automotive industries. North America is poised to remain a significant growth pocket through the assessment period. The growth of the region is attributable to the rising demand from the end-user industries.
Graphite Market Table Of Contents to be Continue…….,
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