About Expandable Graphite
Expanded graphite, also known as expandable flake, or intumescent flake graphite, is a type of intercalated graphite, which exfoliates or expands when heated. Expanded graphite is utilized in graphite gasket products, foundry additives, electrically conductive fillers,graphene synthesis etc.s The market is expected to mark significant growth over the forecasted period owing to increasing government initiative for the usage of fire-resistant building material and rising concerns about building fires. Moreover, increasing demand for fire-resistant building materials drives the expandable graphite sale for the forecasted period.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 7.9% |
The rising number of players expected to enter the global market is predicted to enhance the competition level as well as encourage the growth of the overall market in the near future. Players are anticipated to focus on the development of new compounds, which is likely to encourage the growth of the global market throughout the forecast period. Analyst at AMA Research estimates that Chinese Vendors will contribute the maximum growth to Global Expandable Graphite market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
GrafTech International (United States), SGL Group (Germany), Neo Graf Solution (United States), Yichang Xincheng Graphite Co. Ltd (China), HP Materials Solution Inc (United States), Braide Graphite Group Co. Ltd (China), GEORG H. LUH GmbH (Germany), Qingdao Black Dragon Graphite Co. Ltd. (China) and Shijiazhuang ADT Carbonic Material Factory (China) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Nippon Kokuen Group (Japan).
Segmentation Overview
AMA Research has segmented the market of Global Expandable Graphite market by Type (KP Type, Low S Type and Other), Application (Fire Retardant, Environmental Protection, Sealing Material, High Energy Battery Material and Others) and Region.
On the basis of geography, the market of Expandable Graphite has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by End User, the sub-segment i.e. Chemicals & Petrochemicals will boost the Expandable Graphite market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing Demand for Fire-Resistant Building Materials
Market Growth Drivers:
Rise in Concerns about Building Fires and Government Initiative for the Usage of Fire-Resistant Building Material
Challenges:
The Limited Supply of Expanded Graphite
Restraints:
High Price of Expanded Graphite
Opportunities:
Increasing Demand from Construction Industry and Increasing Demand From graphite Foils Manufacturer
Market Leaders and their expansionary development strategies
In August 2023, GraphiTech, a leading expandable graphite manufacturer, acquired XG Sciences, a company specializing in high-purity expandable graphite for lithium-ion batteries. This move strengthens GraphiTech's position in the battery market and expands its product portfolio.
In July 2023, SGL Carbon, a major manufacturer of carbon materials, announced a partnership with Tesla to supply expandable graphite for lithium-ion batteries used in Tesla electric vehicles. This collaboration could significantly boost demand for expandable graphite in the EV industry.
Key Target Audience
Expandable Graphite Manufacturer, Expandable Graphite Supplier/Distributors, Raw Material Suppliers, Electronic Industry and Construction Industry
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.