Global Special Graphite Market to 2023: Expected to Grow at a CAGR of 10.81% - ResearchAndMarkets.com

DUBLIN--()--The "Global Special Graphite Market - Segmented by Type, End-user Industry, and Geography - Growth, Trends, and Forecast (2018 - 2023)" report has been added to ResearchAndMarkets.com's offering.

The global special graphite market was valued at USD 3,095.11 million in 2017, and is expected to register a CAGR of 10.81% during the forecast period of 2018-2023.

Uncoated spherical graphite, coated spherical graphite (CSPG), and lithium-ion anode paste are used as anode material in lithium ion batteries, for mobile consumer appliances, electric vehicles, and stationary energy storage devices. The three main drivers of the demand for CSPG include - transportation batteries (significant growth), stationary or commercial or utility grid storage batteries (exponential growth), and consumer electronics batteries (moderate growth).

The current consumption of Li-ion batteries is around 105,000 metric ton (60,000 natural CSPG and 45,000 synthetic). As there is no CSPG production in North America, two US-based graphite companies, Graphite One and Alabama Graphite, have included facilities for turning graphite concentrate into coated, purified, spherical graphite (also known as CPSG), in order to capture the fast growing lithium-ion battery market. With a booming lithium-ion battery industry, the demand for special graphite is projected to increase substantially during the forecast period.

Asia-Pacific is the largest segment of the market studied and accounted for around 46% of the global market, in 2017. The growth of the Asia-Pacific special graphite segment is primarily dependent on the growth of its end-user industries, such as electronics, foundry, and photovoltaic, in countries, such as China, India, Japan, and South Korea. China has one of the largest semiconductor industries and registered a growth of 19.4% in 2016 and almost 20% in 2017. According to the Associated Chambers of Commerce of India (ASSOCHAM), due to an increase in the country's electronics manufacturing base, the Indian electronics industry is expected to reach USD 112-130 billion at the end of 2018. The growth of these industries is expected during the forecast period, thus boosting the market studied.

Key Developments in the Market

  • January 2018: SGL Group decided to invest around EUR 25 million on the expansion of its production capacities at the Bonn site for over four years, including new production systems and a new hall.
  • July 2017: Tokai Carbon decided to increase its prices (15% increase) of specialty graphite products.

Company Profiles

  • Fangda Carbon New Material Co. Ltd.
  • Graftech International
  • Graphite India Ltd.
  • Ibiden Co. Ltd.
  • Mersen SA
  • Morgan
  • Nippon Carbon Co. Ltd.
  • Pingdingshan Kaiyuan Special Graphite Co. Ltd.
  • SEC Carbon Ltd.
  • SGL Group The Carbon Company
  • Tokai Carbon Co. Ltd.
  • Toyo Tanso Co. Ltd.
  • Yichang Xincheng

For more information about this report visit https://www.researchandmarkets.com/research/tdlnhs/global_special?w=4

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Related Topics: Metals and Minerals

Contacts

ResearchAndMarkets.com
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
Related Topics: Metals and Minerals