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Posts tagged ‘Graphite Market’

Global Graphite Market is estimated to grow US$17.5 bn by 2020

Over the last decade, the use of graphite in batteries has increased significantly. In terms of weight, graphite is the second-largest component in lithium-ion batteries. Each lithium-ion battery requires 10 to 20 times more graphite than lithium. According to an independent research firm, in 2012, around 80% of graphite used in batteries was for lithium-ion batteries. There has been a steady increase in the popularity of lithium-ion batteries in the automobile industry. For instance, Tesla Motors, Inc., an automotive company based in the U.S., has announced plans to invest USD 5 billion in a new lithium-ion battery factory. This is expected to increase demand for natural graphite by up to 37% by 2020. The factory is expected to start production by 2017. Moreover, the rapid increase in the use of lithium-ion batteries in Smartphones, laptops, tablets, portable media players, and power tools is expected to further drive the graphite market. (more…)


Global Graphite Market to Grow due to Increasing Demand for Graphite from Automotive Industry

Persistence Market Research has published a research report, titled “Global Market Study on Graphite: Battery Segment To Witness Highest Growth by 2020”. This comprehensive research report gives a 360-degrree view of the market dynamics and trends in the global graphite market. Along with presenting key insights, the report offers a SWOT analysis and a Porter’s five forces analysis of the overall market. According to the research report, the global graphite market was valued at US$13.6 bn in 2013 and is estimated to reach US$17.5 bn by 2020, growing at a CAGR of 3.70% from 2014 to 2020.

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