13-Mar-2020 | Facts and Factors
Findings from Facts and Factors report “Graphite Block Market By Type (Natural And Synthetic), and By Application (Lubrication, Refractory, Batteries Production, Foundry, Electrodes, and Others): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026” states that the global graphite block market was USD 14 billion in 2019 and is anticipated to reach over USD 19 billion by 2026, at a CAGR of 5% during the forecast period.
Graphite is flexible in nature and possesses characteristics such as non-metallic and metallic which make it suitable for a variety of industrial applications. Graphite's non-metallic properties include chemical inertness, high thermal strength, and lubricity, and the metal properties include thermal and electrical conductivity. Graphite is produced synthetically using raw materials that contain carbon such as tar pitch and petroleum coke. Natural graphite demand is closely associated with the rise in industrial applications such as lubricants, refractories, batteries, and foundry. Due to increased demand for lightweight materials for components such as carbon-fiber-enhanced polymers, specific growth opportunities are anticipated for the global graphite market. Because of the rapid technological advancements and improvements in the manufacture of lithium-ion batteries, the demand for battery production has the highest market potential on the market.
Browse the full “Graphite Block Market By Type (Natural And Synthetic), and By Application (Lubrication, Refractory, Batteries Production, Foundry, Electrodes, and Others): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026" https://www.fnfresearch.com/graphite-block-market-by-type-natural-and-synthetic-735
Due to the increasing demand for lightweight material in components such as polymers of carbon fiber-reinforced is projected to drive the market. With the growing production of lithium-ion batteries with the adoption of advance technologies and growing development in batteries, the application of battery production holds maximum market potential in the graphite block market. The market for synthetic graphite is likely to remain the largest form during the forecast period due to the demand for carbohydrates electrodes, and blocks. Moreover, another major factor driving global demand for graphite is the increasing demand for graphite, in the steel industry as a crucible & ladle liner. The materials used to produce cylinders, gaskets, disk brake lining, engines, clutch components, pads, and exhaust systems are mainly graphite-based. These parameters may drive the market growth. Due to the consumption of the natural graphite, the worldwide graphite market is anticipated to continue a dominant application during the forecast period. The increasing need for the automotive and graphite filament may produce lucrative opportunities in the market.
By type segment, the market is divided into natural, and synthetic. Among these, the synthetic graphic category will be the largest form powered by electrons, blocks and carbon fibers.
By applications segment, the market is divided into lubrication, refractory, batteries production, foundry, electrodes, and others. Among these, the batteries production segment-headed the market due to increasing demand for graphite in battery production industries.
By geography, Asia Pacific is expected to be the fastest-growing market for graphite block during the years to come attributed to the developing economy such as India, China, Japan, etc. in this region.
Report Scope
Report Attribute |
Details |
Market Size in 2019 |
USD 14 Billion |
Projected Market Size in 2026 |
USD 19 Billion |
CAGR Growth Rate |
5% CAGR |
Base Year |
2019 |
Forecast Years |
2020-2026 |
Key Market Players |
Mersen, GCP, Imerys, Focus Graphite Block, Bora Bora Resources, Superior Graphite Block, RS Mines, Shenzhen Jinzhaohe, Qingdao Ruisheng, Lomiko Metals, Beijing Sanye, Cable Consultants, Qingdao Huatai, AoYu Graphite Block, CCGG, Alabama Graphite Block, Northern Graphite Block, AG , and others. |
Key Segment |
By Type, Application, and Region |
Major Regions Covered |
North America, Europe, Asia Pacific, Latin America, and the Middle East &, Africa |
Purchase Options |
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Top key players operating in the market are Mersen, GCP, Imerys, Focus Graphite Block, Bora Bora Resources, Superior Graphite Block, RS Mines, Shenzhen Jinzhaohe, Qingdao Ruisheng, Lomiko Metals, Beijing Sanye, Cable Consultants, Qingdao Huatai, AoYu Graphite Block, CCGG, Alabama Graphite Block, Northern Graphite Block, AGT, and others.
This report segments the graphite block market as follows:
Global Graphite Block Market: By Type Segmentation Analysis
Global Graphite Block Market: By Application Segmentation Analysis
- Lubrication
- Refractory
- Batteries production
- Foundry
- Electrodes
- Others
Global Graphite Block Market: Regional Segmentation Analysis
- North America
- Europe
- Germany
- The UK
- France
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
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