DUBLIN--(BUSINESS WIRE)--The "Global Graphite Market - Segmented by Type, Application, End-user Industry, and Geography - Growth, Trends, and Forecast (2018 - 2023)" report has been added to ResearchAndMarkets.com's offering.
The graphite market is expected to grow at a significant rate during the forecast period, majorly driven by the augmenting demand from burgeoning lithium-ion battery industry.
Augmenting Demand from Lithium-ion Battery Industry
Uncoated spherical graphite, coated spherical graphite (CSPG) and lithium-ion anode paste are imperative as anode material in lithium ion batteries for mobile consumer appliances, electric vehicles and stationary energy storages. The three main demand drivers 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 for Li-ion batteries is 105,000 tons (60,000 natural CSPG and 45,000 synthetic). As there is no CSPG production in North America, two United States 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. Hence, with such boom in the lithium-ion battery industry, the demand for graphite is projected to increase substantially during the forecast period.
Key Highlights
- Electronics Industry to Dominate the Market
- Asia-Pacific to Dominate the Market Growth
Notable Developments in the Market
- January 2018: SGL Group decided to invest approx. EUR 25 million in expanding its production capacities at the Bonn site over four years, including not only new production systems, but also a new hall.
Topics Covered
1. Introduction
2. Executive Summary
3. Market Insights
4. Market Dynamics
5. Market Segmentation and Analysis
6. Regional Market Analysis
7. Competitive Landscape
8. Company Profiles
- Asbury Carbons
- Energizer Resources Inc.
- Focus Graphite Inc.
- Graftech International Ltd.
- Graphite India Limited
- HEG Limited
- Hexagon Resources Limited
- Mason Graphite Inc.
- Mersen Group
- SGL Group
- Tokai Carbon Co. Ltd.
- Toyo Tanso Co. Ltd.
- Triton Minerals Ltd.
For more information about this report visit https://www.researchandmarkets.com/research/j2zh7z/global_graphite?w=4
