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North America Graphite Market size to register significant gains over 2020-2027

Author : Ravi Chawat | Published Date : 2021-09-20 

According to applications, the Graphite Market is divided into refractory, battery, foundry, lubricant, friction product and other applications. The battery segment is expected to boom during the forecast period which will amplify the graphite industry size. Various countries around the world are initiating plans for reducing pollution and making the environment green such as the Blue-Sky program in China, which monitors the level of exhaustions from the vehicle. The program is propagating the use of electronic vehicles or battery powered vehicles which is not only an ecofriendly measure but will also enhance the graphite market size as graphite is the main component in producing these rechargeable or lithium-ion batteries.

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Based on type, graphite market size is segmented into natural and synthetic graphite. Synthetic graphite is a bit expensive compared to the natural graphite due to its complex production process and increased strength & conductivity to heat and electricity. Moreover, the synthetic graphite possesses the ability for good thermal conductivity, corrosion resistance and low permeability. It has its main application in chemical industry, for usage in reaction tank, heat exchanger, absorption tower, chemical filters etc. It can function as a better electrode during the production of steel. China is adamant to rule the global graphite industry, due to which heavy industrialization is in play for expanding the production capacities of many Chinese graphite manufacturers such as Shanshan Technology, and LuiMao Graphite which would also expand the global graphite market size by 2025.

Asia Pacific is expected to dominate the graphite market size globally. Booming automobile and electronic market especially the smartphone industry in China will help the graphite industry to flourish in the forecast period owing to the increasing demand for rechargeable and long-life batteries. Graphite in the production of batteries helps in its running for long hours after getting fully charged. China produces over 780 kilo tons of graphite which is the highest worldwide. Therefore, it can supply to various battery producers worldwide which will advance the graphite market size globally.

At Global Market Insights, our researchers and domain experts use a unique blend of primary and secondary research, with validation and iterations at every stage, in order to minimize deviation and present the most accurate analysis of the Graphite market. The research process begins with extensive data mining, using authentic sources such as trade magazines, technical publications, independent studies along with paid avenues such as ICIS, Hoovers, etc.  Primary objectives of data mining include:

  1. Definition and scope of research
  2. Market dynamics, growth drivers and industry pitfalls
  3. Regulatory and political guidelines for the Graphite market
  4. Demographics and statistical data

 

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Graphite market size is shared among various graphite manufacturing contributors. Some of these key players involved in the business are Graphite India, GrafTech International Holdings, Triton Minerals, SGL Group, Mason Graphite, AMG Advanced Metallurgical Group N.V., Toyo Tanso, HEG Ltd, Showa Denko K.K. and Tokai Carbon.

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https://www.globenewswire.com/news-release/2018/08/13/1550743/0/en/Cosmetics-Preservative-Market-worth-1-4bn-by-2024-Global-Market-Insights-Inc.html

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About Author

Ravi Chawat

Ravi Chawat

Ravi Chawat holds a bachelor's degree in Electronics and Telecommunication Engineering. He has worked closely with industry specialists from different segments including chemicals, food and beverages, construction and manufacturing & energy and power. Ravi's article concentrates principally on balancing relevant data but never at the expense of making the content engaging. He believes in giving fair-minded information to guide significant business choices. [email protected] | https://twitter.com/RaviChawat

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