The global Graphite market is projected to reach USD 29.05 billion by 2022, at a CAGR of 5.2% from 2017 to 2022. The demand for graphite is directly dependent on the growth of its application industries, including refractory, foundry, battery, friction product, and lubricants. The refractory application segment was the largest segment of the graphite market in 2016, owing to the high demand from the steel industry. The battery application segment is projected to be the fastest-growing application segment in the graphite market, in terms of volume, between 2017 and 2022, due to the growing investments in electric vehicles, energy storage, and portable electronics. Graphite is majorly produced and exported by countries, including China, North Korea, and Brazil, and is imported in the U.S., Japan, Germany, and India.
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Flake is the fastest-growing subtype of natural graphite in the global graphite market during the forecast period
Flake graphite is the fastest-growing subtype of natural graphite in the global graphite market during the forecast period, 2017 to 2022. It is superior in quality than amorphous graphite, thus has a high demand from end users, and is used in a number of applications, including refractories, and batteries, owing to its high purity and large crystals.
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Key players in the graphite market include GrafTech International Holdings Inc. (U.S.), Graphite India Ltd. (India), Triton Minerals Limited (Australia), Mason Graphite Inc. (Canada), and SGL Group (Germany), among others. Major strategies adopted by key players to enhance their businesses include expansions, new product launches, and agreements.
The objectives of this study are:
To define, describe, and forecast the global graphite market based on application, type, subtype, and region
To strategically analyze micromarkets with respect to individual growth trends, future prospects, and contribution to the total market
To analyze the opportunities in the market for stakeholders and the competitive landscape of the market
To forecast the market size in terms of volume and value with respect to main regions (along with countries), namely, Asia-Pacific, North America, Europe, Middle East & Africa, and South America
To strategically profile key players and comprehensively analyze their core competencies
To analyze competitive developments such as joint ventures, mergers & acquisitions, new product developments, and research & development (R&D) activities in the global graphite market
In March, 2015, one of the key players active in the graphite market, Triton Minerals Ltd., signed an agreement to form a strategic alliance with AMG Mining AG (Germany) through GK Ancuabe Graphite Mine SA, a subsidiary of AMG. The strategic alliance was entered into for an initial exclusive period of two years during which, the parties will collaborate on the exploration, identification, and development of graphite occurrences in the Ancuabe district, in the Province of Cabo Delgado in Mozambique. Another major development from Triton Minerals Ltd. was in April 2015, in which Triton signed a 20-year off-take agreement with graphite products specialist Yichang Xincheng Graphite Co., Ltd. (China) to supply 100,000 tons of graphite concentrate per year at a sale price of USD 1,000 per ton.
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The years considered for the study are:
Base Year – 2016
Estimated Year – 2017
Projected Year – 2022
Forecast Period – 2017 to 2022
For company profiles in the report, 2016 has been considered the base year. In certain cases, wherein information is unavailable for the base year, the years prior to it have been considered.
Mason Graphite, a key player in the graphite market, made an additional equity investment of USD 1.0 million in Group NanoXplore Inc. (Canada) in November 2016. NanoXplore will use the funds to increase the production of graphene from 4 to 64 metric tons per year.
Focus Graphite, another key player active in the graphite market, signed a USD 1.0 million agreement with Grafoid Inc. (Canada) in September 2015 for the purchase of 1,000 tons of graphite for a 10-year period. It also granted Grafoid the right of first refusal to extend and expand the agreement for an additional 10-year period.
