Demand for graphite products is projected to increase at a CAGR of around 8.5% during 2021 – 2031.

The global graphite market is anticipated to surge at a CAGR of 8.5% over the period of 2021 to 2031, due to high investments in the development of newer technologies to support EV manufacturing, and graphite is a vital cathode material that is used in EV batteries.

Overall, the market is slated to expand 2.3X over the next ten years, thereby offering immense opportunities to market participants.

Augmenting demand from the developing lithium-ion (li-ion) battery industry as well as rise in steel production in Asia and the Middle East are primary factors set to drive market growth in the short term. On the other hand, discovery of substitute anode materials for lithium-ion batteries in high-end applications, strict environmental laws, and impact of the COVID-19 outbreak are all predicted to stifle growth of the global graphite market to some extent.

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Key findings of the Graphite market study:

·         Regional breakdown of the Graphite market based on predefined taxonomy.

·         Innovative manufacturing processes implemented by Graphite vendors in detail.

·         Region-wise and country-wise fragmentation of the Graphite market to grasp the revenue, and growth outlook in these areas.

·         Changing preferences among consumers across various regions and countries.

·         Factors (Positive and Negative) impacting the growth of the global Graphite market.

Competitive landscape:

  • In 2020, Imerys announced intentions to boost synthetic graphite capacity at Bodio, Switzerland. The company wants to expand its synthetic graphite value and fulfil growing demand from the li-ion battery industry in Europe and North America.
  • In 2020, Novonix Limited and Harper International Corporation formed strategic agreements to develop furnace technology. Novonix's synthetic graphite production method will benefit from the advanced technology.

 

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Queries addressed in the Graphite market report:

·         Why are the Graphite market players targeting region for increased product sales?

·         What patented technologies are the players utilizing in the global Graphite market?

·         Which regions are displaying the fastest growth in the Graphite market?

·         What are the underlying micro- macroeconomic factors affecting the global Graphite market?

 

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