Graphite Global Market To Reach Value Of About $0.6 Billion In 2025
15 Feb, 2021
The graphite market consists of sales of graphite and its compounds by entities (organizations, sole traders and partnerships) that mine graphite and its compounds which are used in refractory materials, the chemical industries, nuclear industries, electrical applications, and mechanical applications. The graphite market is segmented into flake graphite and non-flake graphite.
Global Graphite Market Size And Drivers:
The global graphite market is expected to grow from $0.4 billion in 2020 to $0.45 billion in 2021 at a compound annual growth rate (CAGR) of 12.5%. The market is expected to reach $0.6 billion in 2025 at a CAGR of 7%. The growth 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.
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Trends In The Global Graphite Market
Companies involved in graphite mining are increasingly using autonomous vehicles to increase productivity, reduce cost and increase safety. Autonomous vehicles increase efficiency by minimizing delays, reducing operating costs and eliminate mistakes by improving the accuracy and repeatability.
Global Graphite Market Segments:
The global graphite market is further segmented based on type, application, flake size, product and geography.
By Type: Flake Graphite, Non-Flake Graphite.
By Application: Refractories, Batteries, Lubricants/Crucibles, Foundry, Pencils, Others.
By Flake Size: Jumbo, Large, Medium, Small, Fine.
By Product: Natural Graphite, Synthetic Graphite.
By Geography: The global graphite market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
Among these regions, Asia Pacific is the largest region in the global graphite market, accounting for 40% of the total market.
Read More On The Report For The Global Graphite Market At:
Graphite Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides graphite market overviews, analyzes and forecasts market size and growth for the global graphite market, graphite market share, graphite market players, graphite market segments and geographies, graphite market’s leading competitors’ revenues, profiles and market shares. The graphite market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.