Future Market Insights has announced the addition of the “Digital Breast Tomosynthesis (DBT) Equipment Market: Global Graphite Market is Appraised to be Valued CAGR of 6.7% during the forecast period 2017– 2027" report to their offering.
New York, NY -- (SBWIRE) -- 11/16/2017 -- Future Market Insights delivers key insights on the global graphite market in an updated version of the report and provides historical market size and volume analysis for the years 2012-2016 and forecast up to 2027. Considering the impact of macro-economic factors, relatively lack-lustre growth in certain key graphite consuming countries, and steel production, among others, the graphite market was valued at US$ 15,763 Mn in 2016, as against a market value of US$ 16,128 Mn estimated in the previous version of the report.
The long-term outlook on the global graphite market remains positive, with market value expected to increase at a CAGR of 6.7% during the forecast period 2017– 2027. Among product types, Natural and Synthetic graphite are expected to expand at a significant CAGR in terms of value over the forecast period. Among applications, the refractories market continues to be the major application area for graphite.
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However, increasing demand for electric vehicles globally is anticipated to boost the demand for graphite in future. Sales of graphite is estimated to be valued at US$ 16,740 Mn by the end of 2017. Asia Pacific is estimated to account for a value share of 35.8% in the global graphite market by 2017 end and it is anticipated to retain its dominance throughout the forecast period.
Asia Pacific is expected to dominate the global graphite market throughout the forecast period. The region is anticipated to grow at a CAGR of 8.0% owing to a high demand for graphite related products in the region. Furthermore, increasing demand for electric vehicles, especially in China adds up to the overall high demand for graphite in the Asia Pacific region. North America and Western Europe also account for a significant revenue share owing to a high demand for graphite in automotive applications. Latin America has also shown increasing demand over the past few years. Middle East and Africa is anticipated to show steady growth over the forecast period.
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Some of the key players reported in the study of the global graphite market include AMG Advanced Metallurgical Group N.V., Showa Denko K.K., Toyo Tanso Co., Ltd., SGL Carbon SE, Tokai Carbon Co., Ltd, Graphite India Limited, Nippon Carbon Co., Ltd., HEG Limited, SEC Carbon, Limited, Imerys S.A., GrafTech International Ltd., Mersen Group. Fangda Carbon New Material Co., Ltd., Dongguan Kaijin New Energy Technology Co., Ltd., Pingdingshan Oriental Carbon Co., Ltd.
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