According to a new market report published by Sheer Analytics and Insights (www.sheeranalyticsandinsights.com) entitled “Global Artificial Graphite Market (By Types- Carbon Fiber, Graphite Electrode, Graphite Powder, Isotropic Graphite, and Others. By Application-Batteries, Lubricants, Metal Manufacturing, Solar Panels, Nuclear Energy, and Others. By End-Users- Aerospace &Defence, Automotive, Electronic, Metal, Nuclear, and Others)– Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2018 – 2025”
In simpler terms, when calcined petroleum coke and coal tar pitch are processed under high temperatures, synthetic graphite is derived from it. The synonymous term often used for synthetic graphite is artificial graphite. Artificial Graphite or Synthetic Graphite refers to a graphitic carbon obtained from graphitizing of non-graphitic carbon. It is a residue material left behind after the petroleum coke has undergone refining and coking process. Generally, artificial graphite is used for specialized industries, applications such as metal manufacturing, batteries, solar panels respectively, owing to its higher reliability and performance features. Growing need for artificial graphite among the automotive and electronics industries strongly propels the market growth. The rise in demand for technologically advanced graphite applications in nuclear reactors and solar power systems is among one of the important factors augmenting the demand of this market. Moving forward, robust demand for artificial graphite in lithium-ion batteries is estimated to create new necessities and augment the market of growth over the forecast period of 2018-2025.
The artificial graphite market has been segmented based on type into carbon fiber, graphite electrode, graphite powder, isotropic graphite, and others. Based on application, the artificial graphite market has been bifurcated as batteries, lubricants, metal manufacturing, solar panels, nuclear energy, and others. Batteries segment is estimated to witness significant growth during the projection period owing to its high usage in the automotive and electronics sector. Moving forward, based on end-users, the market is segmented as aerospace and defense, automotive, electronics, metal, nuclear, and others.
The global medical fiber optics market has been geographically segmented into Asia-Pacific, Europe, North America, Latin America, the Middle East, and Africa region. In addition to this, the North American region holds the largest market share. The reason may be attributed to the huge adoption of graphite in the aerospace and defense sectors. The increased usage of lithium-ion batteries in electronic devices and electric vehicles are expected to positively boost the artificial graphite market in North America. Europe is estimated to be another huge contributor for the growth of artificial graphite market. The need for carbon fibers in place of steel in the automotive industries is expected to boost the European market for artificial graphite. Asia-Pacific is estimated to dominate the market growth during the projection period, owing to the rising preference of graphites in the electronics sector. Another factor is the growing demand for metals which have increased the demand for graphite electrodes. Moreover, China & India are expected to hold the major market shares in this region. These reasons are expected to positively influence the market growth during the forecasted period.
There are certain challenges which might hamper the global market growth over the projection period. These factors include the high imposition of export duties on graphite in developing countries, and the increased costs of artificial graphite in comparison to natural graphite. However, with the rise in preference for lightweight passenger vehicles, the growing need to reduce carbon dioxide emissions and fuel consumption are estimated to create more opportunities and increase the market growth for artificial graphite.
Some of the key players in the global artificial graphite market include
include Asbury Graphite Mills, Inc., Graphite India Limited, Mersen Group, Nippon Graphite Industries, Triton Minerals Limited among few others.
Global Artificial Graphite Market: By Types
Global Artificial Graphite Market: ByApplication
Global Artificial GraphiteMarket: By End-User
Global Artificial Graphite Market: By Geography