Graphite Market is Projected to Reach 3.2 Million Tons Equated to $27 Billion by 2026

By: Industry Experts Inc.
 
LOS ANGELES - April 28, 2020 - PRLog -- Industry Experts, Inc. published a global market research report on Graphite. The new report entitled "Global Graphite Market – Types, Sub-Types and Applications" reveals that Asia-Pacific dominates the global volume consumption of Graphite, estimated at 1.58 million tons (translated to US$14 billion) in 2019, which is likely to register the fastest 2019-2026 CAGR of 4.6%.

Graphite is a naturally-occurring form of crystalline carbon that is a native mineral element found in metamorphic and igneous rocks. This element can be termed a mineral of extremes, in that it is outstandingly soft, cleaves with the minimum of pressure and has a very low specific gravity. Graphite also has exceptional resistance to heat and is virtually inert in contact with almost any other material. Due to these extreme properties, this versatile element finds a wide range of applications in the metallurgical and electrical sectors, among others.

The global outbreak of Covid-19 or the novel coronavirus has had a profound impact on the commodities market, of which graphite, too, is a part. China, the world's largest producer of graphite accounting for over 70% of the global total, is where this pandemic reared its ugly head and impacted production to a large extent.

The global value market for Graphite by application is the largest for Metallurgy, estimated at US$7.9 billion (37.3% share) in 2019, which is projected to reach US$10.2 billion by 2026 at a CAGR of 3.8% between the two years. The global volume market for Graphite in Electrical Applications is likely to record the fastest similar period CAGR of 4.5% bet ween 2019 and 2026.

The market for the product types of Graphite analyzed in this study comprise Natural Graphite and Synthetic Graphite. These types further segmented in to Natural Graphite – Amorphous Graphite and Flake Graphite; and Synthetic Graphite - Carbon Fibers, Graphite Blocks, Graphite Electrodes, Graphite Powder and Others. Flake Graphites' market is further drilled down to Jumbo Flakes Large Flakes, Medium Flakes, Small Flakes and Fine Flakes. The report also explores global Graphite market by application consisting of Electrical Applications, Metallurgical Applications, Technical Applications and Others.

This report profiles 46 key global players and 61 major players across North America – 15; Europe – 15; Asia-Pacific – 30; and Rest of World – 1. The report also provides the listing of the companies engaged in the research and development, manufacturing and supply of Graphite. The global list of companies covers addresses, contact numbers and the website addresses of 151 companies.

California, USA based Industry Experts, Inc. (http://industry-experts.com/) is a multi-industry focused market research provider.

For more details, please visit: http://industry-experts.com/verticals/chemicals-and-materials/carbon-graphite-research

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