The global carbon and graphite product market size is expected to grow from $22.85 billion in 2021 to $23.46 billion in 2022 at a compound annual growth rate (CAGR) of 2.7%.The growth in the market is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The carbon and graphite product market is expected to decline to $23.43 billion in 2026 at a CAGR of -0.04%.
What is the Global Carbon And Graphite Product Market?
The carbon and graphite products market consists of revenues generated by entities (organizations, sole traders, or partnerships) that carry out design, manufacturing, and sales of carbon and graphite products market consist of sales of carbon and graphite product. Carbon is a chemical element that exists in its pure form as diamond or Graphite, and is an important part of other substances such as coal and oil, as well as being contained in all plants and animals and whereas Graphite is a soft, dark grey form of carbon, used in the middle of pencils, as a lubricant in machines, and in some nuclear reactors.
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What drives the Global Carbon And Graphite Product Market?
The carbon and graphite market is mainly driven by the increasing demand from the end user industries such as energy, semiconductor, automotive and aerospace. The increasing use of carbon and graphite in fuel cells, electric vehicles, graphene electronics is also expected to boost the market in the forecast period. For instance, graphite plates are attached to electrodes in the fuel cells, which helps to conduct the energy from the electrodes.
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Global Carbon And Graphite Product Market Segments
The global carbon and graphite product market is segmented:
By Product: Carbon and Graphite Electrodes, Carbon and Graphite Fibers, Carbon and Graphite Powder, Others
By End-User: Industrial Applications, Aerospace Applications, Others
By Application: Logistics, Chemical, Food and Beverages, Others
By Geography: The regions covered in the carbon and graphite product market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
Carbon And Graphite Product Global Market Report 2022 provides market size and growth forecasts for the global carbon and graphite product market, global carbon and graphite product market share, carbon and graphite product market segments and geographies, carbon and graphite product market competitive landscape including leading competitors’ revenues, profiles and market shares. The carbon and graphite product market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
Global Carbon And Graphite Product Industry Players include Cabot Corporation, Cytec, Solvay Group, Hexcel Corporation, Mersen S.A., HEG Ltd., Mitsubishi Rayon Co. Ltd., Nippon Carbon Co. Ltd., Toray Industries Inc., and Tokai Carbon Co. Ltd. Based on industry trends and company analysis, the report explains a number of strategies for companies in the market.
