Request FREE sample PDF
Pharmacy benefit management market
Artificial Graphite Powder Market Report Overview
- Request a Free sample to learn more about this report
The global artificial graphite powder market size was USD 7623.2 million in 2022, as per our research, the market is expected to reach USD 27513.91 million in 2031, exhibiting a CAGR of 15.3% during the forecast period.
The global COVID-19 pandemic has been unprecedented and staggering, with artificial graphite powder market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market's growth and demand returning to pre-pandemic levels once the pandemic is over.
Artificial graphite powder refers to a type of graphite material that is produced synthetically rather than naturally occurring. Graphite is a form of carbon with a unique layered structure that provides it with excellent properties such as high thermal and electrical conductivity, lubricity, and chemical stability.
Artificial graphite powder is typically manufactured by graphitizing various carbonaceous materials, such as petroleum coke or coal tar pitch, through a high-temperature process called graphitization. The raw materials undergo treatment at temperatures above 2,500 degrees Celsius, causing the carbon atoms to rearrange into a highly ordered crystalline structure. This process removes impurities and transforms the carbon into a graphite-like material. The artificial graphite powder market is driven by its demand in industries such as lithium-ion batteries, automotive, aerospace, metallurgy, and electronics.
COVID-19 Impact: Pandemic Hampered the Demand for Market
The pandemic led to disruptions in global supply chains, including the graphite industry. Restrictions on movement and transportation, lockdown measures, and reduced workforce in manufacturing facilities affected the production and distribution of graphite powder. The economic slowdown caused by the pandemic resulted in reduced demand for artificial graphite powder. Industries such as automotive, aerospace, and steel production, which are major consumers of graphite materials, experienced a decline in production and consumption. This, in turn, impacted the demand for graphite powder. The disruptions in supply and demand dynamics caused by the pandemic may have resulted in price fluctuations for graphite powder. The availability of raw materials, manufacturing constraints, and changing market conditions could have impacted the pricing of graphite products.
Latest Trends
"Increasing Demand in Lithium-Ion Batteries to Fuel Market Growth"
Artificial graphite powder is a key component in the production of lithium-ion batteries, which are widely used in electric vehicles, consumer electronics, and renewable energy storage. The growing adoption of electric vehicles and the increasing demand for energy storage systems have been driving the demand for graphite powder. This graphite powder is also used as a carbon additive in the steel and metal production industry. It is added to iron and steel to enhance their properties, such as hardness, strength, and thermal conductivity. The growth in the construction and automotive industries, particularly in emerging economies, has been contributing to the demand for graphite powder in the steel and metal sector. The development of advanced energy storage technologies, such as solid-state batteries and supercapacitors, has created new opportunities for graphite powder. These technologies require high-quality graphite materials, including graphite powder, to improve their energy density and performance.
Artificial Graphite Powder Market Segmentation
- Request a Free sample to learn more about this report
- By Type Analysis
According to type, the market can be segmented into primary synthetic graphite, secondary synthetic graphite.
- By Application Analysis
Based on application, the market can be divided into power battery, consumer battery. energy storage battery, others.
Driving Factors
"Growing Electric Vehicle (EV) Industry to Stimulate Market Growth"
The global shift towards electric vehicles as a sustainable transportation solution is fueling the growth of graphite powder market. EVs rely on high-performance lithium-ion batteries, which require graphite powder for their anode. With governments promoting EV adoption and stringent emissions regulations, the demand for graphite powder is expected to increase. Artificial graphite powder finds applications in various industrial sectors, including aerospace, chemicals, lubricants, and refractories. The expanding industrial applications, driven by technological advancements and increasing investments in these sectors, are boosting the demand for market.
"Increased Demand for Renewable Energy Sources to Propel Market Progress"
Increasing emphasis on renewable energy sources such as wind and solar power drives the demand for graphite powder in the production of wind turbine blades and solar panels. This is used as a key component in composite materials, providing strength, durability, and electrical conductivity. Ongoing research and development activities in the field of artificial graphite production aim to improve its properties, such as electrical conductivity, thermal stability, and mechanical strength. These advancements are expected to open up new opportunities and drive artificial graphite powder market growth.
Restraining Factors
"High Production Cost to Restrict Market Growth "
The production of artificial graphite powder involves complex processes, including carbonization and purification, which require specialized equipment and energy-intensive operations. These production costs can be a significant restraint for market growth, as they may limit the affordability and accessibility of graphite powder.
Artificial Graphite Powder Market Regional Insights
- Request a Free sample to learn more about this report
"Growing Demand in Asia Pacific to Drive Market Expansion"
Asia Pacific holds the leading position in artificial graphite powder market share. China, in particular, has a dominant position in the market. The country has a well-established graphite industry and is one of the largest producers and exporters of graphite powder. Region’s strong manufacturing base and growing demand from various industries, including batteries, lubricants, and metallurgy, have contributed to its leading position.
Key Industry Players
"Adoption Innovative Strategies by Key Players Influencing Market Growth"
Prominent market players are making collaborative efforts by partnering with other companies to stay ahead of the competition. Many companies are also investing in new product launches to expand their product portfolio.
The top key players in the market are Putailai, Btr New Material, Ningbo Shanshan, Showa Denko Materials, Guangdong Kaijin New Energy Technology, Hunan Zhongke Shinzoom, Shenzhen XFH Technology, Zhengtuo Energy Technology (ZET), Mitsubishi Chemical, JFE Chemical, Asahi Technology, SGL Carbon, Imerys, GK Graphite, HP Graphite, Hebei Kuntian New Energy Co. LTD. The strategies to develop new technologies, capital investment in R&D, improve product quality, acquisitions, mergers, and compete for the market competition help them to perpetuate their position and value in the market. Besides, collaboration with other companies & extensive possession over market shares by the key players stimulates market demand.
List of Market Players Profiled
- Putailai
- Btr New Material
- Ningbo Shanshan
- Showa Denko Materials
- Guangdong Kaijin New Energy Technology
- Hunan Zhongke Shinzoom
- Shenzhen XFH Technology
- Zhengtuo Energy Technology (ZET)
- Mitsubishi Chemical
- JFE Chemical
- Asahi Technology
- SGL Carbon
- Imerys
- GK Graphite
- HP Graphite
- Hebei Kuntian New Energy Co. LTD.
Report Coverage
This report examines an understanding of the artificial graphite powder market’s size, share, and growth rate, segmentation by type, application, key players, and previous and current market scenarios. The report also collects the market’s precise data and forecasts by market experts. Also, it describes the study of this industry’s financial performance, investments, growth, innovation marks, and new product launches by the top companies and offers deep insights into the current market structure, competitive analysis based on key players, key driving forces, and restraints that affect the demand for growth, opportunities, and risks.
Furthermore, the post-COVID-19 pandemic’s effects on international market restrictions and a deep understanding of how the industry will recover, and strategies are also stated in the report. The competitive landscape has also been examined in detail to provide clarification of the competitive landscape.
This report also discloses the research based on methodologies that define price trend analysis of target companies, collection of data, statistics, target competitors, import-export, information, and previous years’ records based on market sales. Moreover, all the significant factors which influence the market such as small or medium business industry, macro-economic indicators, value chain analysis, and demand-side dynamics, with all the major business players have been explained in detail. This analysis is subject to modification if the key players and feasible analysis of market dynamics change.
REPORT COVERAGE | DETAILS |
---|---|
Market Size Value In |
US$ 7623.2 Million in 2022 |
Market Size Value By |
US$ 27513.91 Million by 2031 |
Growth Rate |
CAGR of 15.3% from 2022 to 2031 |
Forecast Period |
2023-2031 |
Base Year |
2023 |
Historical Data Available |
Yes |
Regional Scope |
Global |
Segments Covered |
Types and Application |
Frequently Asked Questions
-
What value is the global Artificial graphite powder market expected to touch by 2031?
The global artificial graphite powder market is expected to touch USD 27513.91 million in 2031.
-
What CAGR is the artificial graphite powder market expected to exhibit during 2022-2031?
The Artificial graphite powder market is expected to exhibit a CAGR of 15.3% over 2022-2031.
-
Which are the driving factors of the artificial graphite powder market?
Increasing awareness of the benefits of graphite powder and technological advancements are the driving factors of the artificial graphite powder market.
-
Which are the top companies operating in the artificial graphite powder market?
Putailai, Btr New Material, Ningbo Shanshan, Showa Denko Materials, Guangdong Kaijin New Energy Technology, Hunan Zhongke Shinzoom, Shenzhen XFH Technology, Zhengtuo Energy Technology (ZET), Mitsubishi Chemical, JFE Chemical, Asahi Technology, SGL Carbon, Imerys, GK Graphite, HP Graphite, Hebei Kuntian New Energy Co. LTD.