New York City, New York, September 30, 2015: The report, “Global Market Study on Graphite: Battery Segment To Witness Highest Growth by 2020”, from Persistence Market Research (PMR) highlights the key trends that will impact the growth of the market in the coming years. According to the report, the global graphite market is projected to grow at a CAGR of 3.7% during the forecast period from 2014 to 2020. In 2013, the global graphite market was worth more than US$13.6 bn and by 2020, the market is projected to be valued at over US$17.5 bn.
Request Sample Report: http://www.persistencemarketresearch.com/samples/3367
The research study on the global graphite market analyzes the key trends that will impact the growth of the market in the coming few years. Furthermore, the report also evaluates in detail the key segments of the market. Broadly, the global graphite market is segmented by form, end use, and geography. Geography-wise, the global graphite market is divided into Asia Pacific, Europe, North America, and Rest of the World (RoW).
According to the report, Asia Pacific is the leading regional segment of the global graphite market. The Asia Pacific graphite market benefits from the growth of technologically innovative applications of graphite in fuel cells, pebble-bed nuclear reactors, the aerospace industry, the automotive industry, and solar power systems. Furthermore, the presence of key graphite markets in this region, such as China and India, will bolster the growth of the overall Asia Pacific graphite industry. Moreover, a marked growth in the demand for steel and other metals in Asia Pacific has in turn fuelled the demand for graphite electrodes in this region.
In addition to the aforesaid factors, China presently accounts for more than 70% of graphite production worldwide, which will further drive the Asia Pacific market for graphite. Favorable support from the Chinese government will also fuel this regional market significantly in the coming few years.
The Europe graphite market is the second largest graphite market. The key factor driving the demand for graphite in the European region is the increasing use of graphite in green technologies. In Europe, graphite is used to make photovoltaics, energy storage products, and several other sustainable electronics. North America is expected to witness good growth in the global graphite market in the coming years. The accelerating demand for electronic devices such as tablets, mobile, laptops, and cameras, along with increasing demand for electric vehicles, is projected to drive the North America graphite market in the coming few years.
On the basis of form, the global graphite market is divided into natural graphite and synthetic graphite. The synthetic graphite segment is dominating the market and is expected to expand at a CAGR of 3.7% during the forecasting horizon. By end use, the global market for graphite is segmented into lubricant, refractory, battery, foundry, and electrode.
Players in the global graphite market will benefit from the commercialization of graphene. In addition to this, companies in the global graphite market will tap into the rapidly rising demand for pebble-bed nuclear reactors. Some of the key players operating in the global graphite market are SGL Carbon, Lamboo Resources, Mason Graphite, Triton Minerals, Focus Graphite, and Alabama Graphite.
Although the global graphite market will witness good growth in the coming years, the expanding demand-supply gap will suppress the market in the coming few years.
Key points covered in the report
1) Report segments the market on the basis of types, application, products, technology, etc (as applicable)
2) The report covers geographic segmentation
3) The report provides the market size and forecast for the different segments and geographies for the period of 2010 to 2020
4) The report provides company profiles of some of the leading companies operating in the market
5) The report also provides porters five forces analysis of the market.
Browse Full PDF: Graphite Market