The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including the Graphite Materials Market.

It was estimated prior to this unanticipated outbreak that the Graphite Materials Market was expected to grow at Healthy CAGR by 2025. However, the gradual slowing down of industries will undoubtedly impose limits on the previously estimated growth rate.

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Graphite has two principal types: Synthetic Graphite and Natural Graphite. They have their own set of applications and generally do not compete with each other. They have no relationship with each other except the name graphite.  

Synthetic graphite is a man-made substance manufactured by high temperature treatment (2,500 to 3,000 degree Celsius) of amorphous carbon materials. Synthetic graphite has four types; electrode, block, powder, and fiber. The largest type of the synthetic graphite is graphite electrode that is predominately used in producing electric arc furnaces for melting steel & iron and producing alloys.

Synthetic graphite blocks are produced from isostatic, extruded, die molded, and vibration molded process. Synthetic blocks are used in a large variety of applications ranging from polysilicon production for photovoltaic industry to high temperature reactors in nuclear industry. Most of the leading companies are heavily investing in China to meet the local demand. Despite significant capacity expansion by local as well as international players in the last ten years, some portion of synthetic graphite demand is met through import.

The second type, natural graphite, is a form of carbon where atoms are arranged in the layers that have weak bonds between each other. It is subdivided into three types: Amorphous, Flake, and Vein. Natural graphite production is mainly from small underground mines in China. China is the world's largest producer of natural graphite for both amorphous and flake graphite, and accounts for more than 65% of total global natural graphite production. Approximately 70% of Chinese production is amorphous graphite while 30% is natural flake. The majority of Chinese graphite mines are small and many are seasonal. Other countries with good natural graphite production include Brazil, North Korea, Canada, India, Romania, Ukraine, Mexico, Madagascar, Austria, Turkey, and Sri Lanka. Sri Lanka is the only country that produces high quality vein graphite.

The graphite market offers a robust growth opportunity during the forecast period of 2020 to 2025. Synthetic graphite market is likely to remain the largest graphite type during the forecast period, driven by demand of electrodes, blocks and carbon fibers. Natural graphite is expected to experience an overall higher growth than synthetic graphite in the next five years.

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Currently, refractory is the largest application of natural graphite. However, it has continuously lost market share during 2014-2019 and is expected to lose further in the next five years. The decline is due to the reduced demand of refractories from steel industry and slower economic growth in China.

Battery is currently the hot topic in the graphite market. All of the major graphite producers are discussing about the growth potential of graphite in the batteries for the automotive and other industries, such as consumer goods. Battery is an application where both natural and synthetic graphite are used and truly compete with each other. There will be a continuous shift in graphite market away from amorphous natural graphite towards flake and synthetic graphite as emerging applications like batteries typically require large flake and high-purity grades.

During the forecast period, refractory and electrodes are expected to remain the largest applications for natural graphite and synthetic graphite markets respectively. Battery is expected to experience fast growth in the next five years.

Asia-Pacific is expected to remain the growth engine of the global graphite market. Emerging economies, such as China and India will drive both synthetic as well as natural graphite market over the next five years.

Key Players:

The key graphite manufactures are SGL Carbon SE, Tokai Carbon, Toray Industries, Toho Tenax, Mistubishi Rayon, GrafTech International Holdings Inc, South Graphite, Nacional de Grafite, Mersen Group, Graphite India, Nippon Graphite Industries, Asbury Graphite Mills, and Focus Graphite. New product development, regional expansion, and capacity expansion are the key strategies adopted by the key players to gain competitive edge in the market.

Features of the Report

This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.

The Graphite Materials Market analysis report discusses the following heads in great detail:

• Market structure: Overview, industry life cycle analysis, supply chain analysis

• COVID-19 Impact Assessment
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
• Market trend and forecast analysis
• Market segment trend and forecast
• Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
• Attractive market segments and associated growth opportunities
• Emerging trends
• Strategic growth opportunities for the existing and new players
• Key success factors

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