Graphite Market Size, Share, Outlook, and Opportunity Analysis, 2021 – 2028 | Coherent Market Insights

 

Graphite Market

A carbon byproduct known as graphite is frequently utilised in refractories, lubricants, and building applications. It has a strong metal removal rate and great thermal shock resistance. Graphite is a non-metal material with great strength, stiffness, and excellent heat and electrical conductivity. They come in two varieties: natural graphite and synthetic graphite.

In terms of revenue, Asia Pacific accounted for 40.00% of the worldwide Graphite Market in 2020, followed by Europe and North America, in that order. Due to increased acceptance of graphite in refractories and increased usage of graphite in the production of structural composite parts used in aircrafts, the Asia-Pacific region now controls the majority of the global graphite market.

The Global Graphite Market Is Estimated To Be Valued At US$ 23,279.3 Million In 2021 And Is Expected To Exhibit A CAGR Of 13.2% Over The Forecast Period (2021-2028).

The Graphite Market is expanding due to the increasing use of nuclear pebble bed reactors. By 2020, 500 new pebble reactors, each with a 100 GW capacity, are anticipated to be erected in the United States, according to West Virginia University researchers. A high-temperature gas reactor that uses flake graphite as a moderator in huge quantities is what is known as a nuclear pebble bed reactor. A pebble bed reactor needs about 3000 tonnes of graphite on average, according to Coherent Market Insights study.

The Graphite Market is primarily being driven by the automotive sector's robust growth. Due to its small weight, high mechanical strength, and lubricating property, graphite is frequently utilised in the production of automotive parts like brake lining, clutch materials, and gaskets. It is also a perfect asbestos replacement because it is a great conductor of electricity. As a result, market growth is being driven by the rising demand for graphite from the automotive industry.

Profitable opportunities should present themselves in the near future due to the increasing use of graphite in green technology. The market expansion for graphite is also being aided by an emerging application, such as fuel cells. In addition, the market for graphite is experiencing a surge in demand from the wind energy sector, one of the most well-liked green technologies. Thus, it is anticipated that the market would rise in the near future due to the increasing use of graphite in green technologies.

Segmentations of Graphite Market-

·        By Product Type: Natural(Flake, Amorphous, Vein), Synthetic(Graphite Electrode, Carbon Fibre, Graphite Blocks, Graphite Powder, Others)

·        By Application: Refractories, Lubricants & Crucible, Foundry Facing, Batteries, Others

Press Release of Graphite Market

 

Comments

Post a Comment

Popular posts from this blog

Security Robot Market is Estimated To Witness High Growth Owing To Increasing Demand for Enhanced Surveillance

Image
Security Robot Market The Security Robot Market is estimated to be valued at US$ 11.8 billion in 2022 and is expected to exhibit a CAGR of 12.87% over the forecast period of 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market Overview: The Security Robot Market encompasses advanced robotic technologies that are specifically designed and developed to enhance security and surveillance operations. These robots are equipped with features such as video surveillance, thermal imaging, facial recognition, and intrusion detection, among others. They are extensively used by security agencies and organizations across various sectors, including residential, commercial, industrial, and government, to enhance safety, reduce human intervention, and streamline security operations. Security robots offer real-time monitoring, remote control, and high accuracy, making them an ideal choice for surveillance in sensitive areas and remote locations. Market Dynamics:
Read more

The Ever-Evolving Landscape of the Scottish Whisky Market during the Forecast Period 2019-2027

Image
  Scottish Whisky Market The Scottish Whisky Market is a captivating landscape that has been evolving and transforming over the years. It is a world of tradition, craftsmanship, and heritage, where every drop of whisky tells a story. The history of Scottish whisky traces back centuries, with the earliest records dating back to the 15th century. Whisky production initially started in monasteries, where monks distilled spirits for medicinal purposes. Over time, whisky production moved from monastic settings to farms and then to commercial distilleries. This transition marked the beginning of an industry that would become synonymous with Scotland. Scottish Whisky Market Was Valued At US$ 4.97 Bn In 2018, And It Is Expected To Reach US$ 7.89 Bn By The End Of 2027, Exhibiting A CAGR Of 5.3% During The Forecast Period (2019 To 2027). One of the defining characteristics of the Scottish Whisky Market is its adherence to traditional production methods. Scotch whisky is made from malted b
Read more

Monochloroacetic Acid (MCAA) Market Is Estimated To Witness High Growth Owing To Increasing Demand for Surfactants and Herbicides

Image
Monochloroacetic Acid (MCAA) Market The Monochloroacetic Acid (MCAA) Market is estimated to be valued at USD 676.52 Million in 2022 and is expected to exhibit a CAGR of 7.03% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market Overview: The Monochloroacetic Acid (MCAA) Market is driven by the increasing demand for surfactants and herbicides in several industries such as agriculture, pharmaceuticals, textiles, and personal care. MCAA is extensively used in the production of surfactants, herbicides, and carboxymethyl cellulose (CMC), which are essential in various applications. These applications include detergents, agrochemicals, pharmaceuticals, dyes, and cosmetics, among others. The versatile properties of MCAA, such as its ability to act as a raw material in the production of herbicides and surfactants, make it highly desirable in the market. Market Dynamics: The Monochloroacetic Acid (MCAA) Market is driven by two k
Read more