Selbyville, DE -- (SBWIRE) -- 11/14/2018 -- Market Study Report adds global Graphite market report that gives meticulous investigation of current scenario of the market size, share, demand, growth, trends, companies active in the industry and forecasts for the coming years.

Graphite Market size is projected to expand with a substantial growth rate over 2018-2025, owing to properties of graphite like excellent chemical resistance, high electrical conductivity and lubricity. These properties make it suitable for a number of end-use applications. With Asia-Pacific witnessing a rapid growth of automotive and electronic industries, the graphite market size will be enhanced from the increased demand for batteries. Shanshan Technology, BAIC Automotive Group, Lui-Mao Graphite, BTR New Energy Materials and other Chinese companies are manufacturing graphite anodes used in lithium-ion battery through their combined factories, having an annual production capacity of 260,000 metric tons. China is aiming to triple its graphite production till 2020 as it looks to meet the fast-growing demand for lithium-ion batteries.

Graphite market is fragmented with many manufactures contributing towards the global share. Some key industry players include GrafTech International Holdings, Graphite India, SGL Group, Triton Minerals, AMG Advanced Metallurgical Group N.V., Mason Graphite, HEG Ltd, Showa Denko K.K., Tokai Carbon and Toyo Tanso.

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Formed naturally, graphite is a two dimensional carbon polymer which is an excellent conductor of heat and electricity and possesses maximum natural strength. It can even maintain its agility at temperatures in excess of 3600 degree Celsius, exhibiting natural lubricity and light weight properties at the same time. Graphite is a non-toxic polymer but can induce shortness of breath, chest pain and repeated coughing due to the miniscule residues in its natural form. These health concerns associated with breathing could prove to be a hurdle for the graphite market. The increasing use of synthetic graphite will minimize all types of health issues, which will propel the graphite market size in the coming years.

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Going by the product landscape, graphite market is divided into natural and synthetic graphite. Synthetic graphite is a slightly expensive in comparison to the natural graphite owing to a complex manufacturing process, improved strength and heat & electricity conduction. Furthermore, synthetic graphite demonstrates good thermal conductivity, resistance to corrosion as well as low permeability. It is mainly applicable in chemical industry for utilization in heat exchangers, reaction tanks, absorption towers, chemical filters, among others. In the production of steel, synthetic graphite can work as a better electrode. China is slated to dominate the global graphite market, paving the way for heavy industrialization which will expand the production capacities of several graphite manufacturers such as LuiMao Graphite and Shanshan Technology, which in turn would also expand the global graphite market size over the projected timeframe.

In terms of applications, the graphite market is segmented into battery, foundry, friction product, lubricant, refractory and other applications. The battery segment is expected to thrive during the forecast period which will further increase the graphite market size. A number of countries around the world are taking up environment-friendly initiatives for reducing pollution, like China?s Blue-Sky program, which is aimed at monitoring vehicle exhaustion levels. The program has been propagating the use of electronic or battery powered cars, which is not just ecofriendly but will also amplify the graphite market size since graphite is a key component in the production of rechargeable or lithium-ion batteries used in these vehicles.

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