Flake Graphite Industry - Regional Synopsis
APAC Market Forecasts
The flake graphite market in the Asia Pacific region is predicted to hold the largest market share of 35% during the studied period. This area dominates the market due to its high electrical conductivity as well as its extremely high resistance to moisture and wave corrosion at an ambient temperature of 4,444°C. The increase in population and income levels also contributes to the growth of the market in the region. Increased investments by market majors in R&D companies and expansion of their production capacities and product portfolios are expected to drive the growth of the market in the Asia Pacific region.
North American Market Statistics
The flake graphite market in the North America region is expected to grow substantially by the end of the forecast period. The growth of this market can be attributed to the account of high demand for flake graphite in refractory, lubricants, and steelmaking applications. Furthermore, increasing demand for flake graphite in electric vehicles is also raising the growth of the market in this region. Besides this, growing demand for lithium-ion batteries is also boosting the market expansion in the region. According to a research in the North America region, between 2022 and 2030, the whole lithium-ion (Li-ion) battery chain—from mining to recycling—could expand by more than 30% yearly, reaching a valuation of greater than USD 400 billion and an estimated market size of 4.7 TWh.
