Increasing Usage of Graphite Batteries in Automobiles Boosts Global Graphite Market

Published Date : May 03, 2016

The global market for graphite is reporting an impressive rise in its market valuation. The increasing usage of graphite batteries in automobiles and a number of products and applications is propelling the worldwide graphite market significantly.

Asia Pacific to Rise at 4.0% CAGR between 2014 and 2020

  • Asia Pacific, North America, Europe, and the Rest of the World are the key regional markets for graphite. Here is a snapshot of the historical as well as the anticipated performance of the leading regional graphite markets.
  • In 2013, Asia Pacific emerged as the biggest regional market for graphite, accounting for a share of 67.4% in the overall market.
  • Europe acquired the second position in the global graphite market in 2013 with a share of 14.1%.
  • North America stood at third position with a share of 10.4% in the same year.
  • Asia Pacific graphite market rose at a CAGR of 3.80% during the period from 2010 to 2013 and generated a value of US$9.1 bn by the end of 2013.
  • Over the period from 2014 to 2020, experts estimate this market to report a CAGR of 4.0%.
  • The North America graphite market is projected to witness a sharp decline, losing around 3.8% share to Europe market for graphite, which is estimated to reach 14.2% share during the forecast period. 

The Asia Pacific graphite market is anticipated to maintain its dominance in the coming years. The increasing demand for graphite in Asian countries such as China and India is driving the growth of this market in Asia Pacific. The rapid rise in the Asia Pacific automotive industry is also expected to fuel the demand for graphite in this region.

Nippon Graphite Industries, Tokai Carbon, Flinders Resources, Northern Graphite, Focus Graphite, Energizer Resources, Asbury Graphite Mills, GrafTech Int., Alabama Graphite, Syrah Resources, Graphite India, Showa Denko, Hexagon Resources, SGL Carbon, Triton Minerals, and Mason Graphite are the major enterprises functioning in the global graphite market.