Graphite Mining Market Characteristics
The graphite mining 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.
Competitive Landscape of the Graphite Mining Market
Major players in the global graphite mining market include Graphite India Limited, Mason Graphite, SGL Carbon SE, GrafTech International Holdings Inc, Triton Minerals Ltd
Graphite Mining Market Size
The graphite mining market size is expected to reach a higher value by 2022, significantly growing at a steady CAGR during the forecast period. The growth in the graphite mining market is due to increase in sales in rapidly developing countries such as China and India owing to rise in disposable income, increased demand for, availability of credit.
However, the market for graphite mining is expected to face certain restraints from several factors such as interest rate increases, workforce issues.
Graphite Mining Market Segmentation
The global graphite mining market is further segmented based on type and geography.
By Type - The graphite mining market is segmented into natural graphite, synthetic graphite.
By Geography - The global graphite mining is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, the Asia-pacific graphite mining market accounts the largest share in the global graphite mining market.
Trends in the Graphite Mining Market
Graphite mining companies are using autonomous vehicles to increase productivity, reduce cost and increase safety as the major trends witnessed in the global graphite mining market.
Potential Opportunities in the Graphite Mining Market
With increase in positive economic outlook, improved earning capacity, emerging markets growth, the scope and potential for the global graphite mining market is expected to significantly rise in the forecast period.