Graphitization Furnace Market Size, Share, Growth, and Industry Analysis, By Type (Vertical, Horizontal and Others), By Application (Chemical Materials, Laboratory and Others.), Regional Insights, and Forecast From 2023 To 2031

Updated On: 20 November 2023

Graphitization Furnace Market REPORT OVERVIEW

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The global graphitization furnace market size is expanded rapidly in 2022 and market is expected to generate substantial revenue by 2031, exhibiting a high compound annual growth rate (CAGR) from 2022 to 2031.

Graphitization is a regulated procedure that involves heating graphite to extremely high temperatures in order to improve its physical structure. It is utilised in the aerospace, aeronautics and automotive industries for the fabrication of brakes, clutch facings, mechanical seals or composite materials. Graphitization furnaces are primarily used for the sintering and graphitization of carbon materials, the graphitization of PI films, the graphitization of thermal conductive materials, the sintering of carbon fibre ropes, the graphitization of carbon fibre filament sintering, the purification of graphite powder, and the graphitization of other materials that can be graphitized in a carbon environment, as well as other high temperature treatments.

Graphitization furnaces are classified into direct heating and indirect heating furnaces based on their heating processes. The term "direct heating" refers to how an electric current directly generates high temperatures through a graphitized carbon billet, and it is a sort of resistance furnace that uses the carbon billet as a resistance. The Acheson graphitization furnace is one form of direct heating graphitization furnace, and the other is an internal heat series, longitudinal graphitization furnace (LWG furnace). The current that does not travel through the product is referred to as an indirect heating furnace. The heat necessary for graphitization of the product is either created or received through heat transfer. The former is known as an induction graphitization furnace, whereas the latter is known as a carbon tube furnace.

COVID-19 Impact: The COVID-19 Underlying Condition Crippled the Market Growth

The COVID-19 virus has been spreading since December 2019 to a large number of countries. A public health emergency was declared by the World Health Organization. Due to the lockdown ordered and social isolation requirements brought on by the virus's spread, the demand for graphitization furnace market share globally has drastically decreased in the first half of 2020. Due to the outbreak's global spread, both small and large businesses experienced significant losses and went through a very trying time.

LATEST TRENDS

"Rising Cost Associated with Production of Synthetic Fibre to Attract the Market Share"

The rising costs of producing synthetic graphite in China are causing local battery makers to shift more towards the usage of natural graphite, according to certain market sources, and this could result in a fundamental shift in the graphite anode feedstock sector. Due to its superior purity and precise requirements, the battery industry has favoured synthetic graphite in anodes. It has a longer lifespan and charges faster. Synthetic production costs, on the other hand, are higher than natural graphite-based spherical material. Natural graphite has a lower cost profile and can be more capacious.

Graphitization Furnace Market SEGMENTATION

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• By Type

Based on type the graphitization furnace market is classified as vertical, horizontal and others.

Vertical  is the leading part of the type segment.

• By Application

Based on application the graphitization furnace market is classified as chemical material, laboratory  and others.

Chemical material is the leading part of the application segment.

DRIVING FACTORS

"Excellent Temprature Uniformity, Mechanical Strength to Boost the Market Share"

Graphite heating components are made of a high purity carbon composite, which ensures good temperature uniformity, lifespan, mechanical strength, and repeatability. Our heater designs feature rounded edges and suitable gap spacing to prevent gas ionisation at elevated temperatures, enhancing life expectancy and maximum achievable temperatures. Our graphite heating components use power connections with a unique tapered fit, instead of threads with nuts. This taper makes removing and installing heating elements easier.

"Powerful Thermal Insulation Properties to Impact Growth in the Market Share"

Graphite insulation materials have good thermal insulation qualities that help to reduce heat loss and have a high thermal stability for long-term performance. The heater is surrounded with graphite insulation, which is made of hard graphite fibre board or graphite felt. The thickness of the insulation varies according to the maximum desired operating temperatures and the size of the hot zone.

RESTRAINING FACTORS

"The Non-Predicted Resultants to Restrain the Market from Product Utilization"

As in the case of cast irons and the production of graphite electrodes for electric arc furnaces, graphitization may be sought. It can also be inadvertent, as in the case of carbon and low-alloy steel in-service phenomena. Unintentional graphitization reduces the strength and toughness of the afflicted materials, resulting in reduced tensile strength, creep resistance, and ductility. Premature failure of pressure boundary components such as high-energy piping and boiler tubes in steam-based power generation plants, as well as brittle failures in welded carbon-molybdenum steel pipes, are caused by changes in the characteristics of the affected materials. Graphitization corrosion or skeleton corrosion in grey cast iron pipes and ductwork failure in coal plants. Unfortunately, inadvertent graphitzation has a variety of consequences that are impeding the expansion of the graphitization market growth.

Graphitization Furnace Market REGIONAL INSIGHTS

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"The Asia Pacific region to Lead the Market With  Project Expansion and Oversupply"

Due to the region's extensive industrialisation and infrastructure development, Asia-Pacific dominated the global graphitization furnace market. China was the world's largest producer of graphite in 2022. According to the research, with the concentrated capacity release of expansion projects, China's graphitization capacity will reach about 1.2 million tonnes in the second half of 2022, with an average operating rate of 80% and an effective capacity of 960,000 tonnes, indicating an oversupply of graphitization capacity and driving graphitization processing fees to continuously decline.

KEY INDUSTRY PLAYERS

"Prominent Manufacturers to Contribute Towards Expansion of Market"

The report is an extensive research which presents the historic and futuristic performance of industry with competitive landscape analysis which incorporates prominent key players ,and revenue trends of industry. The report provides substantial analysis of company profiling, growth insights, supply-demand chain, production and consumption demand, business expansion strategies adopted by top key players. The information is a collusion of latest technological developments, trends, production lines mergers and acquisitions, market study and other factors.

List of Market Players Profiled

• IHI Machinery and Furnace Co.,Ltd (Japan)
• Carbolite Furnaces (U.K)
• Materials Research Furnaces, LLC (U.S.A)
• Linn High Therm GmbH (Germany)
• TevTech, LLC (U.S.A)
• Kanto Yakin Kogyo (Japan)
• ZhuZhou ChenXin Induction Equipment Co., Ltd (China)
• Zhuzhou Yuanhang Industrial Furnaces Technology (China)
• Shanghai Gehang Vacuum Technology (China)
• Hunan ACME (China)
• Zhuzhou Guangjichang Technology (China).

REPORT COVERAGE

The report anticipates a detailed analysis of the global market size at the regional and national level, the segmentation market growth and market share. The prime objective of the report is to help user understand the market in terms of definition, market potential, influencing trends, and the challenges faced by the market. Analysis of sales, the impact of the market players,  recent developments, opportunity analysis, strategic market growth analysis, territorial market expansion, and technological innovations are the subject matter explained in the report.