Before we witness the stabilization of economic growth in Europe and North America, Asia Pacific is estimated to bounce back progressively with countries such as China, India, South Korea and Japan witnessing more opportunities to recover from the losses sustained during COVID-19.
Being the biggest market in Eastern Europe, Russia is estimated to take the lowest hit, offering a sigh of relief to the businesses operating in the country. Whereas, GCC is estimated to observe low investments due to the sliding prices of crude oil.
We evaluate the strategies and commitment of the Giant Players in the market towards creating products and services that customers value and rely on.
In an attempt to control and eliminate the surge of coronavirus cases and meet the demand for required medical devices along with providing efficient medical services, there is a drastic shift of investments from authoritative bodies towards the healthcare sector. Where the aftermath of this pandemic may take years to be measured, Research Nester estimates notable expansion of e-health, gaming, and media and entertainment industries till the whole situation is contained and the plan of action for the recovery process is determined. There is an estimated probability of the growth in businesses going back a year if the condition is controlled in the next 2-3 months. Request Insights
Global Graphite Market Overview
New opportunities are arising in the graphite industry owing to increasing price of steel refractories and rising investment in mining industry across the globe. There has been a significant progress is observed in exploration of graphite mines in order to make convenient for the consumers.
Graphite is flexible and characteristics of metallic and non-metallic materials making it suitable for various industrial applications. Properties of graphite such as high thermal resistance, chemical inertness, etc. are making it efficient at elevated temperatures.
Market size and forecast
The global graphite market is predicted to flourish significantly at a CAGR of 10.52% over the forecast period i.e. 2016-2023. Moreover, the market of graphite market accounted for USD 15.2 Billion in 2015. The synthetic graphite market is expected to reach USD 16.8 Billion by 2023 form USD 12.9 Billion in 2015.
The graphite market of Asia-Pacific is estimated to grow significantly over the forecast period. Moreover, the market accounted the largest revenue share of 66.2% in 2015 in overall graphite market across the globe. The market is further predicted to witness a CAGR of 4.5% over the forecast period. On the other hand, Europe is expected to be the second largest share contributor by registering a share of 14.5% in overall market of graphite across the globe in the market of Graphite due to presence of large number of automobile industries and technological advancements in automotive across the region. CLICK TO DOWNLOAD FREE SAMPLE REPORT
In 2015, North America accounted the revenue share of 10.2% in overall graphite market across the globe. Rising demand of graphite in the region owing to increasing investment in automotive industries and rising trend of high end and efficient electronic gadgets.
Rapid growth in mining and automobile industry, technological advancements in automobiles, rising demand of graphite in developing nations owing to increasing infrastructure in industrial processes are some of the key factors pave the market growth for the graphite market in near future. In addition to that, wide-scale applications of graphite in various industries such as brake shoe industry, steel products industry, and other major applications of graphite is predicted to swell the demand over the forecast period.
Rising globalization and increasing numbers of emerging economies across the globe, on the other hand, increasing investments in mining processes owing to rising demand of strong and cost effective substitutes of metallic and non-metallic elements such as graphite, thus bolster the market of graphite globally.
Emergence of industrial automation and automobile industries, huge investment in automotive sector and rising initiatives from government authorities to produce energy efficient devices and automobiles, thus increase the use of graphite batteries.
Market Segmentation
Our in-depth analysis segmented the global graphite market in the following segments:
Demand Analysis By Product:
Natural graphite
Synthetic Graphite
By Application
By End-User
By Region
Global graphite market is further classified on the basis of region as follows:
Growth Drivers and challenges
Increasing investments in mining industry, rapid exploration of graphite mines across the globe; rising export and import of elements such as graphite owing to miscellaneous applications in automobile industries, rise in funding in automobile sector and steel refractories industry are some of the major key factors further trigger the demand for graphite in near future. In addition to this, factors like introduction of battery operated automobiles, technological advancements in steel and automobile sector, researches on compatible and high efficiency graphite batteries, rising demand of graphite electrode owing to its effective thermal and chemical properties, rising initiative to shift the industries towards energy efficient and less fuel consumption aspects in order to maintain environmental figures are prompting the demand for Graphite over the forecast period i.e. 2016-2023.
Moreover, increasing adoption of steel products which further estimated to raise the graphite demand in steel industries, strong and characteristic of high chemical inertness of graphite making it useful in several applications, rapid growth in manufacturing of electronic devices across the globe is anticipated the growth of graphite market.
However, high cost of extraction which further increase the cost of graphite, limited mines of graphite needs long transportation and handling facilities, slowdown in mining in several nations owing to economic crisis are some of the factors likely to inhibit the growth of Graphite market in near future.
Key Players
The key vendors of graphite market are as follows:
Scope and Context
Overview of the Parent Market
Analyst View
Segmentation
The Global Graphite Market is segmented as follows:
By Regions
Market Dynamics
Supply and Demand Risk
Competitive Landscape
Porter’s Five Force Model
Geographical Economic Activity
Key Players (respective SWOT Analysis) and their Strategies and Product Portfolio
Recent Trends and Developments
Industry Growth Drivers and Challenges
Key Information for Players to establish themselves in current dynamic environment
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