Graphite Fluoride Market Size, Share, Growth, And Industry Analysis, By Type (Nanometer Grade Graphite Fluoride and Micron Grade Graphite Fluoride), By Application (Lithium-Ion Batteries Material, Lubricating Oil Additive, Nuclear Reactor Neutron, Moderator and Others), Regional Forecast to 2031

Updated On: 01 April 2024

GRAPHITE FLUORIDE MARKET REPORT OVERVIEW 

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The global graphite fluoride market size was USD 187.93 million in 2021 and is projected to touch USD 396.15 million by 2031, exhibiting a CAGR of 7.74% during the forecast period.

The global COVID-19 pandemic has been unprecedented and staggering, with graphite fluoride experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden decline in CAGR is attributable to the market's growth and demand returning to pre-pandemic levels once the pandemic is over. 

A type of graphite intercalation compound created by the direct interaction of fluorine and carbon is called graphite fluoride. A novel class of useful materials, it is a byproduct of intensive processing of graphite. It offers exceptional lubricity, hydrophobicity, and oil repellency as well as low surface free energy, strong thermal stability, and good chemical stability. As a result, it has a variety of uses, including solid lubricant, water and oil repellant, and antifouling agent. Additionally, it can be employed as the battery's active component to produce high-energy primary batteries and extend the battery's storage life. Due to its many fantastic qualities, it is frequently utilized in the military, aviation, aerospace, metallurgical, mechanical, and other industries.

The market has grown due to rising demand for high-performance materials with superior thermal and electrical qualities in a variety of end-use industries, including aerospace, automotive, and others. Growing financial commitments from major participants in the production of fluoride goods. Additionally helpful are technological developments in the manufacture of items containing the compound.

COVID-19 Impact: State of Emergency to Decrease Demand of the Market

Since then, the COVID-19 virus has spread to almost 100 nations. The World Health Organization proclaimed it to be a public health emergency. The coronavirus disease COVID-19 is already having an influence on the world and will have a big impact on the graphite fluoride sector. Over 40 countries declared states of emergency as a result of COVID-19, which also resulted in flight cancellations, travel bans, quarantines, restaurant closures, regional indoor events, stock market volatility, declining business confidence, panic, uncertainty about the future, and increased panic.

Latest Trends

"lithium-Ion Batteries Segment to Augment Market Growth"

With the greatest market share, the lithium-ion batteries material sector is anticipated to increase significantly over the next years. In Li-ion batteries, graphite fluoride is employed because it offers secure storage, excellent cycle life, high-rate capability, and low self-discharge rate. Due to these advantageous characteristics, there is a significant demand from a variety of end-use applications, including consumer electronics, electric vehicles, and renewable energy systems.

GRAPHITE FLUORIDE MARKET SEGMENTATION 

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• By Type Analysis

According to type, the market can be segmented into nanometer grade fluoride and micron grade fluoride.

In terms of product, nanometer grade is the largest segment.

• By Application Analysis

Based on application, the market can be divided into lithium-ion batteries material, lubricating oil additive, nuclear reactor neutron, moderator and others.

In terms of application, lithium-ion batteries material is the largest segment.

Driving Factors

"Graphite Electrode Segment to Dominate the Market"

Large cylindrical structures composed of needle coke are called graphite electrodes (petroleum coke). These electrodes are offered in small and large diameters for use in high-temperature, high-intensity processes like the manufacture of ferrous and non-ferrous metals. In electric arc furnaces, graphite electrodes are principally utilized in the production of steel. They work in the smelting and refinement of steel as well. Due to this, the graphite electrodes market segment had a substantial market share in the overall synthetic graphite industry.

"Storage and Energy Transmission Segment to Register the Fastest Growth Rate"

Large energy storage, like battery storage, is a part of the storage and energy transmission segment. It entails the production, transfer, switching, storing, and transformation of electrical energy into and out of various energy types (generators, batteries, transformers, etc.). It is projected that the storage & energy transmission end-use industry segment will be driven by the growing usage of synthetic carbon as anodes in lithium-ion batteries.

Restraining Factors

"Brittle Nature of the Compound to Impede Market Expansion"

Graphite is brittle in terms of mechanical qualities, whereas copper is more flexible. High accuracy and tiny abrasive tools are typically used to treat copper electrodes. On slightly less precise and larger molds, graphite is employed. This is anticipated to constraint graphite fluoride market growth.

GRAPHITE FLUORIDE MARKET REGIONAL INSIGHTS 

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"Asia Pacific to Dominate the Market Due to Large Demand in the Region"

Over the course of the projected period, Asia Pacific is anticipated to maintain its dominance of the global graphite fluoride market share. Due to the rising demand for graphite fluoride from a variety of end-use industries, including the automotive, aerospace, electronics, and others, the area is predicted to have a high CAGR.

In the upcoming years, industry growth is projected to be driven by the expanding industrial sector in developing nations throughout Asia and the Pacific. Additionally, it is anticipated that increased investments by multinational corporations in research and development initiatives linked to the batteries used in electric vehicles will favorably impact industry growth throughout the course of the projection period.

Due to widespread product usage across key end-use industries, such as aerospace & military and nuclear reactor neutron moderator applications, North America accounted for a sizeable portion of the global market's revenue.

Key Industry Players

"Key Players Focus on Partnerships to Gain a Competitive Advantage "

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. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolios.

List of Market Players Profiled

• Daikin Industries (Japan)
• Central Glass (Japan)
• Zhongshan Photoelectric Materials (U.S.)
• ACS MATERIAL (U.S.)
• Hubei Zhuoxi Fluorochemical (China)
• Nanjing XFNANO Materials (China)

Report Coverage

This research profiles a report with extensive studies that take into description the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by inspecting the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, restraints, etc. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.