The global graphite market is expected to grow at a CAGR of 5.51% during the period 2017-2021.
The latest trend gaining momentum in the market is the increasing application of graphite in the automotive sector. Graphite is widely used as a substitute for asbestos in various automotive applications such as brake linings and gaskets. It is an important material used in a variety of automotive parts such as gaskets, motors, clutch materials, exhaust systems, and cylinder heads. It is one of the key components of brushes in electric motors.
One of the major drivers for this market is the rising use of graphite for aerospace applications and for manufacturing structural composite parts used in aircraft. Graphite is widely used in aerospace applications. The aerospace industry requires components that are durable, adhere to safety norms, and withstand extreme environmental conditions. It (graphite) is used on surface tiles used in space shuttles, cryogenic applications, and nuclear technology (as a neutron moderator). It is used in aircraft structural components such as control surfaces, fairings, internal structures, and landing gears to reduce the weight of selected metal parts.
Further, the report states that one of the major factors hindering the growth of this market is the recent slowdown in steel industry in APAC. This slowdown in the steel industry is attributed to the gradual decline in the Chinese economy.
- AMG Advanced Metallurgical Group
- Dongguan Kaijin New Energy Technology
- Graphite India
Other Prominent Vendors
- Toyo Tanso
- Tokai Carbon
Key Topics Covered:
Part 01: Executive Summary
Part 02: Scope of the Report
Part 03: Research Methodology
Part 04: Introduction
Part 05: Market Landscape
Part 06: Market Sizing
Part 07: Five Forces Analysis
Part 08: Market Segmentation by Application
Part 09: Market Segmentation by Product
Part 10: Regional Landscape
Part 11: Decision Framework
Part 12: Drivers and Challenges
Part 13: Market Trends
Part 14: Vendor Landscape
Part 15: Vendor Analysis
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