Graphite Granular and Powder Market Size, Share, Growth, And Industry Analysis, By Type (Natural Type and Synthetic Type), By Application (Refractory Materials, Metallurgy, Graphite Parts, Batteries, and Other) Regional Insights and Forecast to 2031

Updated On: 29 April 2024

Graphite Granular and Powder Market Report Overview

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The global Graphite Granular and Powder market size was valued at USD 73 million in 2020 and will reach USD 82 million by 2027, exhibiting a CAGR of 1.8% during the forecast period. 

Graphite granular and powder refer to different forms of graphite, a crystalline form of carbon. Graphite is known for its unique properties, including its ability to conduct electricity, high thermal stability, and lubricating qualities. Both graphite granular and powder forms have applications in industries such as metallurgy, foundry, lubrication, electronics, and coatings. The choice between the two depends on the specific requirements of the application, including particle size, conductivity, and other material properties.

The Graphite Granular and Powders market has been experiencing steady growth in recent years. The expanding electronics sector and the increasing demand for energy storage solutions, such as batteries, contribute to the growth of the graphite market. Graphite is a crucial component in lithium-ion batteries, which are widely used in portable electronic devices and electric vehicles. 

COVID-19 Impact: Market Faced a Fall in Demand Due to Supply Chain Disruptions During the Pandemic

The global COVID-19 pandemic has been unprecedented and staggering, with the Graphite Granular and Powder market experiencing higher-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.

The pandemic led to disruptions in global supply chains due to lockdowns, restrictions on movement, and closures of manufacturing facilities. This impacted the production and distribution of graphite products, potentially leading to delays and shortages.

Latest Trends

"Introduction of Green Energy and Electric Vehicles (EVs) to Make Market More Efficient"

The Graphite Granular and Powder market is as dynamic as any other market. The demand for graphite, particularly in the form of graphite powder, is influenced by the growing interest in green energy and electric vehicles. Graphite is a crucial component in the batteries used in electric vehicles and energy storage systems.

Graphite Granular and Powder Market Segmentation

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• By Type Analysis

According to type, the market can be segmented into natural type and synthetic type.

In terms of service, natural type is the largest segment. Natural type is often preferred for applications that require high thermal conductivity and lubrication. It is commonly used in refractories, foundry facings, lubricants, and in the production of batteries. 

• By Application Analysis

Based on application, the market can be divided into refractory materials, metallurgy, graphite parts, batteries, and other.

In terms of services, metallurgy is the largest segment. Graphite granular and powder can be used in refractory applications due to the unique properties of graphite. 

Driving Factors

"Electric Vehicle (EV) Market Growth to Increase Demand in the Market"

The increasing adoption of electric vehicles and the growth of the electric vehicle market drive the demand for graphite, particularly in the production of lithium-ion batteries. Graphite is a critical component in the anodes of these batteries. Rising awareness of environmental issues, particularly related to air pollution and climate change, has led to a shift toward cleaner and more sustainable transportation options. Electric vehicles produce fewer greenhouse gas emissions compared to traditional internal combustion engine vehicles, making them attractive to environmentally conscious consumers. The combination of these factors has led to a positive momentum in the electric vehicle market, with an increasing number of consumers, businesses, and governments embracing electric mobility as a key component of a sustainable transportation future.

"Growth of Steel and Foundry Industries to Influence the Demand in the Market"

Graphite is widely used in the steel and foundry industries for its high-temperature resistance and lubricating properties. As these industries grow, the demand for graphite in various forms, including granules and powder, tends to increase. The growth of the steel and foundry industries has a significant impact on the demand for graphite granular and powder. Graphite is used in various forms in these industries due to its unique properties that make it suitable for high-temperature applications and as a lubricating material. Graphite is used in the production of ductile iron. The presence of graphite in nodular or spheroidal form within the iron matrix imparts ductility to the material, making it suitable for a range of applications. In this way this factor resulted in Graphite Granular and Powder market growth.

Restraining Factor

"Limited Graphite Reserves lead to a Declining Trend in the Market "

Graphite is sourced from natural deposits, and the availability of high-quality graphite reserves is limited. This can lead to concerns about the long-term sustainability of graphite supply, especially as demand increases. As a consequence, there will be a declining trend in the market.

Graphite Granular and Powder Market Regional Insights

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"North America to Dominate the Market owing to Access to High-Quality Graphite Deposits"

The market is primarily segregated into Europe, Latin America, Asia Pacific, North America, and Middle East & Africa.

North America has the largest Graphite Granular and Powder market share as it has regional advantages. The presence of high-quality graphite deposits within a region can give it a competitive advantage in the graphite market. If North America has significant graphite reserves or access to high-quality graphite sources, it may contribute to its dominance. Regions with advanced technological capabilities and a strong focus on innovation may lead in the development of advanced graphite products and manufacturing processes. This can enhance the competitiveness of graphite products from that region. Well-developed industrial and manufacturing infrastructure can facilitate the efficient production and distribution of graphite granular and powder products. North America's established infrastructure may contribute to its dominance in the market.

Key Industry Players

"Key Players Focus on Research & Development and Quality Control for Market Expansion"

Leading companies invest in research and development to innovate and improve existing graphite products or develop new applications. R&D activities may focus on enhancing the properties of graphite, exploring new production methods, and identifying novel applications in emerging industries. Maintaining consistent product quality is crucial in the graphite industry. Key players implement stringent quality control measures at every stage of production to ensure that the final products meet industry standards and customer requirements. Key players have extensive distribution networks and sales channels to reach customers globally. They work with distributors, agents, and direct sales to supply graphite products to a diverse range of industries, including steel, foundry, electronics, and energy.

List of Market Players Profile

• SGL Carbon Group(Germany)
• Tirupati Graphite(U.K.)
• Black Dragon Graphite(China)
• Maas Graphite(India)
• Tianfeng Graphite(China)

INDUSTRIAL DEVELOPMENT

October 2022:  Syrah Resources Ltd. announced that it would supply a key lithium-ion battery component to South Korea’s LG Energy Solutions Ltd.

Report Coverage

The report brings together extensive research on the qualitative and quantitative factors affecting the market. It gives an overall macro and micro view of the online reputation service industry. This research profiles a report with extensive studies on the online reputation management services market that describe the firms affecting the forecasting period. Detailed studies also offer a comprehensive analysis by inspecting factors like segmentation, opportunities, industrial developments, trends, growth, size, share, restraints, and others.

Furthermore, the post-COVID-19 pandemic’s effect on international market restrictions and a deep understanding of how the industry will recover and strategies are also stated in the report. Finally, the competitive landscape has also been examined in detail to provide clarification of the competitive landscape.