The Global Market for Carbon and Graphite is Projected to Reach US$18.2 Billion by 2022

Rise of Carbon Nanostructures & Myriad Applications Drive Consumption of Carbon & Graphite, According to a New Report by Global Industry Analysts, Inc.

GIA launches comprehensive analysis of industry segments, trends, growth drivers, market share, size and demand forecasts on the global Carbon and Graphite market. The global market for Carbon and Graphite is projected to reach US$18.2 billion by 2022, driven by their indispensability in the production of a wide range of products in end-use sectors such as energy, automotive and aerospace, and emerging new uses in fuel cells, graphene electronics, and carbon nanostructures.   

Carbon and graphite are the only materials known to science, which can withstand temperatures as high as 5,000°F and high turbulences as seen in electric arc furnaces, and also serve as electrical conductors. These characteristics make carbon and graphite viable for use in diverse industries. Demand for carbon and graphite market is closely tied to the dynamics of end-use industries such as steel, transportation, electronics, semiconductor, electronics, solar, and petrochemical, among others. The growth in the market will be driven by sustained increases in graphite-consuming metallurgy activities and the emergence of technologically advanced applications such as graphene, fuel cells, electric vehicles, solar panels and pebble-bed nuclear reactors. Graphite has also been identified as a critical and strategic mineral by several governments, owing to the fact that graphite finds use in a number of energy-related applications. The evolving demand from batteries used in electric vehicles and base-load battery storage, and the advent of smaller nuclear reactors are expected to stimulate graphite demand in the coming years. With carbon emerging into a key ingredient in the field of nanotechnology, the growing production of fullerenes, buckyballs and carbon nanotubes (CNTs) will spur growth in the market.  

Graphite electrodes represent the largest segment in the market, with its dominance guided by its indispensable use in steel and aluminum production. Carbon fiber is currently the most sought after material in the aviation, wind power, automotive and sporting and leisure goods sectors due to its low weight and high strength properties. Increasing replacement of metal parts with carbon fiber in aircraft production to improve cost efficiencies, reduce weight and enhance fuel efficiency are helping foster market growth. Wind energy is one of the fastest growing end-use markets for carbon fibers. As stated by the new market research report on Carbon and Graphite, Asia-Pacific represents the largest market worldwide, led by steady economic growth, sustained demand from developing aerospace and automotive sectors, and increasing investments in nanotechnology and fuel cells research. Steady growth in demand for steel and other metals is also contributing to the sustained demand for graphite electrodes in the region.

Major players covered in the report include Cabot Corporation, Cytec Solvay Group, GrafTech International Ltd., HEG Ltd., Hexcel Corporation, Mersen S.A., Mitsubishi Rayon Co. Ltd., Morgan Advanced Materials plc, Nippon Carbon Co. Ltd., Orion Engineered Carbons LLC, SGL Group – The Carbon Company, Showa Denko K.K, Superior Graphite, Teijin Ltd., Toho Tenax Co. Ltd., Tokai Carbon Co. Ltd., Toray Industries Inc., among others.

The research report titled “Carbon and Graphite: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, issues, drivers, mergers, acquisitions and other strategic industry activities of global companies. The report provides market estimates and projections for all major geographic markets such as the US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia and Rest of Europe), Asia-Pacific, Latin America and Rest of World. The Carbon and Graphite market is analyzed by the following Product Categories/Segments – Carbon & Graphite Electrodes (Carbon Electrodes and Graphite Electrodes), Carbon & Graphite Fibers, Carbon & Graphite Powder and Others. The Carbon & Graphite Fibers market is additionally analyzed by the following end-use sectors, Industrial, Aerospace and Others.

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