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…)
Posts tagged ‘Graphite Market’
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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