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.
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 the increased demand for graphite, as the
manufacture of lithium-ion batteries requires 20 to 30 times the quantity of
graphite to that of lithium.
Battery Segment is
Projected to Be the Fastest-Growing Application
Based on application, the battery segment is
projected to be the fastest-growing application in the graphite market, from
2017 to 2022. The increasing consumption of consumer electronics and growing
investments in the storage utility batteries industry across the globe is
expected to drive the demand for graphite in the battery segment. Also, the
establishment of Tesla’s Gigafactory 1 in Nevada, U.S., is expected to play a
key role in driving the demand for graphite in North America in the coming
years.
Key Players in the
Graphite Market
GrafTech International Holdings Inc. (U.S.),
Graphite India Ltd. (India), Triton Minerals Limited (Australia), Mason
Graphite Inc. (Canada), and SGL Group (Germany), among others. Major
strategies adopted by key players to enhance their businesses include
expansions, new product launches, and agreements.
In March, 2015, one of the key players active
in the graphite market, Triton Minerals Ltd., signed an agreement to form a
strategic alliance with AMG Mining AG (Germany) through GK Ancuabe Graphite
Mine SA, a subsidiary of AMG. The strategic alliance was entered into for an
initial exclusive period of two years during which, the parties will
collaborate on the exploration, identification, and development of graphite
occurrences in the Ancuabe district, in the Province of Cabo Delgado in
Mozambique. Another major development from Triton Minerals Ltd. was in April
2015, in which Triton signed a 20-year off-take agreement with graphite
products specialist Yichang Xincheng Graphite Co., Ltd. (China) to supply
100,000 tons of graphite concentrate per year at a sale price of USD 1,000 per
ton.
Mason Graphite, a key player in the graphite
market, made an additional equity investment of USD 1.0 million in Group
NanoXplore Inc. (Canada) in November 2016. NanoXplore will use the funds to
increase the production of graphene from 4 to 64 metric tons per year.
Focus
Graphite, another key player active in the graphite market, signed a USD 1.0
million agreement with Grafoid Inc. (Canada) in September 2015 for the purchase
of 1,000 tons of graphite for a 10-year period. It also granted Grafoid the
right of first refusal to extend and expand the agreement for an additional
10-year period.
Asia-Pacific: Fastest-growing Regional Graphite Market
Based on region, the Asia-Pacific is
projected to be the fastest-growing regional graphite market during the
forecast period between 2017 and 2022. The extensive manufacturing industry of
the Asia-Pacific has been driving the graphite demand in the region. Further,
growing investments in the electric vehicle industry is expected to accelerate
the demand for graphite in the coming years in the Asia-Pacific.
Target Audience :
- Graphite Manufacturers
- Graphite Traders, Suppliers, and Distributors
- Government and Research Organizations
- Associations and Industrial Bodies
- Raw Material Suppliers and Distributors
- Industry
Associations
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