Lithium-Ion Batteries and Fuel Cells to Increase the Graphite Demand More than Treble In Next 5 Years – Market Study Report By MarketsandMarkets
Global Graphite Market is projected to reach USD 29.05 billion by 2022, at a CAGR of 5.2% from 2017 to 2022. The battery application segment is projected to be the fastest-growing application segment in the graphite market, in terms of volume, between 2017 and 2022, due to the growing investments in electric vehicles, energy storage, and portable electronics. Graphite is majorly produced and exported by countries, including China, North Korea, and Brazil, and is imported in the U.S., Japan, Germany, and India. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownload.asp?id=120270209 The use of storage batteries in an increasing number of consumer electronics and the rising adoption of the batteries in electric vehicles is projected to fuel the growth of the utility storage market. The growth of the utility storage industry is expected to lead to an increased production of fuel cells and lithium-ion batteries in the coming years. This is expected to result in