What is Compound Graphite Market?
Graphite is an allotrope of carbon in which the atoms are arranged hexagonally in two-dimensional sheets. It has many electrical uses, primarily because it is the only common non-metal that is a good conductor of electricity. Major producers of graphite include China (70%) followed by Brazil, Canada, and India. Today, roughly 90 companies in the United States consume this mineral to produce various finished products.
The market study is being classified by Type (Natural Graphite {Flake, Vein, Microcrystalline} and Synthetic Graphite {Primary Synthetic, Secondary Synthetic, Graphite Fibers}), by Application (Refractory Material, Lubricating Material, Conductive Material and Others) and major geographies with country level break-up.
Qingdao Chenyang Graphite Co., Ltd. (China), PingDingShan Baocheng Carbon Co., Ltd. (China), Berkwood Resources (Canada), Canada Carbon Inc. (Canada), Focus Graphite Inc. (Canada), China Carbon Graphite Group, Inc. (China), Agrawal Graphite Industries (India), The Emerald Company Ltd. (India), China Carbon Graphite Group Inc. (China) and Chotanagpur Graphite Pvt Ltd (India) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Dalgrafit (Russia), Durer Refrakter Malzemeleri Sanayi Ve Ticaret AS (Turkey) and Elcora Advanced Materials (Canada).
Research Analyst at AMA predicts that United States Vendors will contribute to the maximum growth of Global Compound Graphite market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Compound Graphite market by Type, Application and Region.
On the basis of geography, the market of Compound 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). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Demand Is Driven Primarily By the Expanding Lithium-Ion Battery Markets
Restraints
- Strong Cost Pressures from OEM’s But No Compromise in Quality
Opportunities
- Increased Adoption for Electric Vehicles Likely To Boost Demand for Batteries
Challenges
- High Cost Associated With Manufacturing Processes