Graphitized Cathode Market Size, Share, Growth, and Global Industry Analysis by Type (<200 KA, 200-300 KA, >300 KA) By Application (Semi-Graphitic, graphitic, and graphitized), Regional Insights, and Forecast To 2031

Updated On: 01 April 2024

GRAPHITIZED CATHODE MARKET REPORT OVERVIEW

• 
• Request a Free sample to learn more about this report

The global graphitized cathode market size is expected to be USD 1208.3 million in 2022 and is expected to reach USD 2341.29 million in 2031, at a CAGR of 7.6% during the forecast period. 

Graphite is a mineral of carbon used in numerous uses such as refractories, electrical vehicles, lubricating agents, foundry, and construction activities. Graphitizing of the whole cathode chunk yields exceptional steadiness, quality, thermal and electrical conductivity, anti-thermal shock, and bath resistivity, associated with graphitic chunks or amorphous carbon chunks. These features have added to a significant development of fabrication efficiency at aluminum smelters globally. It is documented as the universal standard of cathode blocks. A cathode block is a negative conductor and is used in the coating of aluminum reduction cells. High-quality cathode blocks help to improve the efficiency of aluminum smelting that devours massive volumes of power. Graphitized type cathode block is founded on petroleum/pitch coke; baked at ~ 800 ¡ãC trailed by graphitization at over 2500 ¡ãC.

The growing consumption of minerals in the fabrication of lithium-ion batteries used in automobiles is projected to boost the demand. The key players, and the governments, are extremely validating the operation of EVs. The market is observing significant advances motivated by the growing emphasis on cultivating sturdiness, productivity, compatibility, and charging time. Consumer electronic devices and equipment, the renewable energy sector, automotive industry, are all motivating the demand for batteries, augmenting the demand for cathode supplies.

COVID-19 Impact: Lockdown Restrictions to Slower Market Growth

The global COVID-19 pandemic has been unprecedented and staggering, with graphitized cathode experiencing lower-than-anticipated/higher-than-anticipated demand across all regions compared to pre-pandemic levels. The rise in CAGR is attributable to the graphitized cathode market growth and demand returning to pre-pandemic levels once the pandemic is over.

The disastrous condition of the COVID-19 pandemic hit the world in 2019 and ever since has been unfavorably impacting the majority of industries. The financial havoc witnessed throughout this period internationally has enforced businesses to make disparaging choices concerning their business. However, the severe protection rules for batteries through storage and transportation and disapproving conditions ascending due to the COVID-19 outbreak are expected to position an encounter in the growth of the graphitized cathode market during the forecast period.

LATEST TRENDS

"Increasing Technological Advancements and Investment to Boost Market Growth"

The market is estimated to observe adequate progress due to the increasing application of cathode materials across productions and increasing investments in the renewable energy segment. The rapid surge in usage of commercial vehicles, passenger cars, and motorcycles is anticipated to expand the demand for cathode materials in batteries during the forecast period. The automotive sector has also been energetically fluctuating towards the usage of supportable and spotless fuel. The market is also anticipated to profit from the increasing operation of lightweight and rechargeable batteries in smart devices.

GRAPHITIZED CATHODE MARKET SEGMENTATION

• 
• Request a Free sample to learn more about this report

• By Type Analysis

As per type, the market is classified into <200 KA, 200-300 KA, >300 KA.

• By Application Analysis

Based on application, the market is categorized into Semi-Graphitic, graphitic, and graphitized.

DRIVING FACTORS

"Government Backing to Facilitate Market Development"

The global graphitized cathode market is determined by the increasing demand for the lithium-ion battery industry and substantial steel production through graphite electrode electric arc furnaces. Furthermore, development in the usage of green technologies and merger & acquisitions events are estimated to deliver beneficial growth prospects for significant companies to preserve their location in the market in the upcoming years. The demand for EVs comprising plug-in hybrid vehicles, battery electric vehicles, and hybrid electric vehicles has been growing considerably due to stringent rules on CO2 emissions and backing from the government in the practice of subsidies and policy deviations.

"Increasing Adoption of EV to Foster Industry Progress"

 The demand for the global graphitized cathode market is determined by the elements such as the increasing demand for EVs, the usage of lithium-ion batteries more often in energy storage methods, and governmental guidelines to recover vehicle fuel economy worldwide. This is owing to the increased application of cathode resources across productions and rising investments in the renewable energy sector, the market is estimated to mature at a noble speed. 

RESTRAINING FACTORS

"Disadvantages to Hinder Market Progress "

The upsurge in export duty on graphite in China and the declining price trend of natural graphite are the important factors that restrain the graphitized cathode market growth during the forecast period.

GRAPHITIZED CATHODE MARKET REGIONAL INSIGHTS

• 
• Request a Free sample to learn more about this report

"Increasing Number of Production Units to Propel Market Progress in Asia Pacific"

Asia Pacific held the largest graphitized cathode market share. China remains to lead special graphite demand and fabrication. Almost all stages of the lithium-ion battery industrialized chain are dedicated to China. It is by extreme the major and most promptly growing market for lithium-ion batteries, which concretes the way for the market growth.

North America is anticipated to have a sizable market share. This is due to the increasing need for graphite in battery manufacturing, companies are constructing a combined graphite supply chain. In addition, end-users such as steelmaking and refractories are expected to continue their demand over the coming years. Moreover, increasing investments in e-mobility and battery grid storage are anticipated to enhance graphite used.

KEY INDUSTRY PLAYERS

"Incorporation of Research and Development Strategies to Improve their Brand Image"

Due to the existence of numerous local and foreign industry players, the user experience (UX) service market is fragmented and competitive. These players have employed a variety of measures to maintain their leadership positions and to meet the escalating demands of their prestigious clients, including alliances, partnerships, contracts, geographic expansions, the introduction of new products, joint ventures, and more. To improve their portfolios and establish a foothold in the market, major businesses are also investing heavily in research and development projects.

List of Market Players Profiled

• Tokai COBEX (Germany)
• Carbone Savoie (France)
• SEC Carbon (Japan)
• Ukrainsky Grafit (Ukraine)
• ENERGOPROM GROUP (Russia)
• Elkem (Norway)
• Chalco (China)
• Wanji Holding Group Graphite Product (China)
• Guangxi Qiangqiang Carbon (China)

REPORT COVERAGE

The report covers overall market aspects, including the market segmentation based on its type and application. The report depicts a diverse group of participants that includes the market and the potential market leaders. Major factors that are expected to drive major growth in the market. The factors anticipated to expand the market share are also included in the report to offer market insights. The estimated growth of the market in the forecast period is also included in the report. The regional analysis is completed to explain the region's dominance in the global market. The factors hindering the growth of the market are discussed in detail. The SWOT analysis of the market is depicted in the report. It contains all-inclusive market details.