The global graphite market size is expected to reach USD 42.21 billion by 2032, according to a new study by Polaris Market Research. The report “Graphite Market Share, Size, Trends, Industry Analysis Report, By Product (Natural Graphite and Synthetic Graphite); By Application; By Region; Segment Forecast, 2024 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.
The pure form of crystalline carbon is called graphite. Graphite is naturally occurring and may be obtained by processing hydrocarbons like coal tar and petroleum. It demonstrates advantageous characteristics, including thermal conductivity, anti-corrosiveness, and high-temperature resistance. Graphite is not a metal by nature, yet it nonetheless possesses certain metal qualities due to its efficiency as a heat and electrical conductor. It is extensively used in the automobile and energy, and power industries and electrical devices like solar panels and batteries. It acquires this structure spontaneously and is the most stable form of carbon under normal circumstances.
Since the developing lithium-ion battery business is anticipated to increase output greatly, this industry is predicted to see considerable market upheavals in the following decades. The steel industry has historically been the main driver of consumption through refractory materials. As more nations worldwide intensify their efforts to promote the production and use of green energy to transition towards a future with lower emissions in the transport and energy sectors, demand for batteries is anticipated to grow strongly, depending on economic factors like market penetration and adoption.
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Advancements and exploitations of graphite have witnessed a considerable increase in the current path. This is observed on account of several developmental scenarios such as contained graphite, enterprise value, deposit reserve, and location feasibility & availability. Some other associated factors include the improvisation of the logistics segment, authenticity in product purity, off-take agreements, flake size distribution, and technology development has strengthened the potential of cutting down production timeframe.
Graphite Market Report Highlights
Polaris Market Research has segmented the graphite market report based on product, application, and region:
Graphite, Product Outlook (Revenue - USD Billion, 2019 - 2032)
Graphite, Application Outlook (Revenue - USD Billion, 2019 - 2032)
Graphite, Regional Outlook (Revenue - USD Billion, 2019 - 2032)
Netherlands