Albany, NY -- (SBWire) -- 09/05/2018 --The global expanded graphite market was valued at US$ 175 Mn in 2017 and is anticipated to expand at a CAGR of more than 9.5% from 2018 to 2026, according to a new report published by Transparency Market Research (TMR) titled 'Expanded Graphite Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2017–2026.' Expanded graphite, also known as intumescent flake graphite, is a specific kind of intercalated graphite that expands or scales off on heating.
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When flake graphite is treated with an intercalation reagent such as acids, the reagent moves in between graphene layers, after which the intercalated flake graphite is heated at a high temperature (around 1000ºC). This heating breaks down intercalation compounds into gaseous products. This exerts a high amount of pressure in between graphite layers. This pressure results in separating of graphite layers, leading to increase in volume to up to 300 times than normal. It also increases surface area while reducing the bulk density of the product.
Increase in fireproof construction and rise in demand for electronic products projected to drive the expanded graphite market
Increasing demand for fire-resistant building materials from residential and non-residential construction sectors is expected to drive the demand for expanded graphite in the near future. Government and regulatory authorities mandating the usage of fire-resistant building materials for residential and non-residential construction to reduce the number of fire accidents is estimated to be a key driver of the market during the forecast period. As expanded graphite has excellent resistance to fire, they are widely used in the manufacture of fire-resistant products such as gaskets and building materials. Moreover, graphite foils manufactured from expanded graphite are also highly used in electronic products due to their excellent conductivity of electricity and heat. These foils drive the heat generated in electronic components away from the system and protect them from damage. Thus, increasing demand for consumer electronic products is likely to be a key driver of the market between 2018 and 2026. However, limited supply and high prices of expanded graphite are expected to act as a major restraint of the market from 2018 to 2026. Due to supply disruptions from China, prices of expanded graphite have risen by up to 20% over the last few years.
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Ban on use of hazardous fire-resistant materials in several countries across the globe is likely to provide new growth opportunities to the market in the next few years. Use of brominated or asbestos-based fire-resistant materials in the manufacture of buildings, gaskets, and other products has been banned in several countries. The requirement for new fire-resistant non-toxic materials can be easily satisfied by expanded graphite, due to its inherent properties.
Expanded Graphite Market to Reach Approximately US $400 Mn by 2026