What Is The Current and Historic Market Size Analysis Of The Carbon And Graphite Product Market?
The carbon and graphite product market has seen considerable growth due to a variety of factors.
• Recent years have witnessed robust growth in the size of the carbon and graphite product market. It is forecasted to expand from $28.81 billion in 2024 to $30.72 billion in 2025, signalling a compound annual growth rate (CAGR) of 6.6%.
The growth observed in the historic period is credited to factors such as industrialization, electrical and thermal conductivity, the automotive and aerospace industries, developments in steel and metallurgy, and advances in battery and fuel cell technology.
What Are The Predictions for The Carbon And Graphite Product Market?
The carbon and graphite product market is expected to maintain its strong growth trajectory in upcoming years.
• The market size for carbon and graphite products is predicted to see considerable expansion in the following years, surging to $38.59 billion in 2029 with a compound annual growth rate (CAGR) of 5.9%.
This growth expected over the forecast period is mainly due to factors such as renewable energy and energy storage, electric vehicles (evs), the miniaturization of electronics, environmental issues, and space exploration. Key trends predicted to dominate the forecast period involve advanced carbon composites, energy storage solutions, 3d printing and additive manufacturing, environmental sustainability, and cutting-edge coating technologies.
What Main Forces Are Fueling Expansion In The Carbon And Graphite Product Market?
The surge in the carbon and graphite product market is largely attributed to the growing demand in end-user sectors like energy, semiconductor, automotive, and aerospace. The escalated usage of both carbon and graphite in fuel cells, electric vehicles, and graphene electronics is projected to propel the market in the anticipated period. For example, graphite plates affixed to the fuel cells' electrodes facilitate the energy conduction from these electrodes.
What Are The Core Segments Of The Global Carbon And Graphite Product Market?
The carbon and graphite product market covered in this report is segmented –
1) By Product: Carbon And Graphite Electrodes, Carbon And Graphite Fibers, Carbon And Graphite Powder, Other Products
2) By Application: Logistics, Chemical, Food And Beverages, Other Applications
3) By End-User: Industrial Applications, Aerospace Applications, Other End-Users
Subsegments:
1) By Carbon And Graphite Electrodes: Ultra High Power (UHP) Electrodes, High Power (HP) Electrodes, Regular Power (RP) Electrodes, Other Types Of Electrodes
2) By Carbon And Graphite Fibers: PAN-Based Carbon Fibers, Pitch-Based Carbon Fibers, Graphite Fibers, Other Carbon And Graphite Fibers
3) By Carbon And Graphite Powder: Graphite Powder, Activated Carbon Powder, Carbon Black Powder, Other Carbon And Graphite Powders
4) By Other Products: Carbon Composites, Carbon And Graphite Coatings, Carbon And Graphite Blocks, Other Carbon And Graphite Products
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Which Emerging Trends Are Reshaping The Carbon And Graphite Product Market Size?
Manufacturing companies in the carbon and graphite product market are embracing virtual reality technology to enhance their manufacturing efficiency. Commonly known as digital design, simulation, and integration, this technology significantly reduces the likelihood of product defects during the design phase. Specifically, it allows businesses to thoroughly examine design objects at every possible scale, effectively eradicating any potential product flaws during the design process.
Who Are the Key Players In The Carbon And Graphite Product Market?
Major companies operating in the carbon and graphite product market include:
• Cabot Corporation
• Cytec
• Solvay Group
• Hexcel Corporation
• Mersen S.A.
• HEG Ltd.
• Mitsubishi Rayon Co. Ltd.
• Nippon Carbon Co. Ltd.
• Toray Industries Inc.
• Tokai Carbon Co. Ltd.
• Orion Engineered Carbons LLC.
• SGL Carbon SE
• Grafil
• Morgan Crucible Company Plc.
• Morgan AMandT
• Graphite Machining
• Weaver Industries Inc.
• Dynamic Materials Corporation
• GraphiteStore
• Mercer Gasket & Shim
• Morgan Advanced Materials & Technologies Inc.
• Toyo Tanso Co. Ltd.
• Superior Graphite Co.
• Asbury Carbons
• GrafTech International Ltd.
• Poco Graphite
• Carbon Graphite Materials Inc.
• Ameri-Source Specialty Products
• Schunk Graphite Technology LLC
• Graphite Products Corporation
• St. Marys Carbon Company
• Helwig Carbon Products Inc.
• Ohio Carbon Industries Inc.
• Olmec Advanced Materials Ltd.
What Are The Regional Insights Into The Carbon And Graphite Product Market?
Asia-Pacific was the largest region in the carbon and graphite product market in 2023. North America was the second-largest region in the carbon and graphite product market. The regions covered in the carbon and graphite product market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
