Natural graphite market is segmented by type, application, mineralogy, color, Mohs hardness, source, properties and end use for market analysis. The growth rate of global natural graphite has increased due to increased demand for electronics and the growth of industrial lubricants. The growing demand for natural graphite and the growing technological advances using natural graphite are expected to drive the market for natural graphite.
PUNE, May 30, 2023 (GLOBE NEWSWIRE) — Maximize Market Research, a global research and advisory firm in materials and chemistry, has released its market intelligence report “Natural Graphite Market”. The report synthesizes primary and secondary data, subject matter experts analyze the natural graphite market from local and global perspectives. During the forecast period, Maximize Market Research expects the market to grow from $15.5 billion in 2022 to $24.7 billion in 2029 at a CAGR of 6.4%.
Market share, size and revenue forecast | Market Dynamics, Growth Drivers, Caps, Investment Opportunities and Key Trends, Competitive Landscape, Key Player Benchmarks, Competitive Analysis, Competitive MMR Matrix, Competitive Leadership Mapping, Global Key Players, Market Rank Analysis 2022-2029 .
The report provides a detailed analysis of the data in the following sections: Type, Application, Mineralogy, Color, Mohs Hardness, Source, Properties and End Use, as well as its several subsections. A bottom-up approach is used to estimate the market size of Natural Graphite by value. The report looks at investment opportunities, growth drivers, opportunities, and the competitive landscape in key geographies such as North America, Asia Pacific, Europe, the Middle East and Africa, and South America. The report analyzes Natural Graphite’s top competitors in terms of market size and share, M&A, and collaborations taking place in the market. The report helps new and existing key players in the Natural Graphite market to strategize based on the competitive metrics included in the report. Data were collected using primary and secondary research methods. Primary data is obtained from interviews with market leaders, as well as from the opinions of senior analysts. However, secondary data is collected from the organization’s annual reports and public records. Then natural graphite market data is analyzed by SWOT analysis, PORTER five forces model and PESTLE analysis.
Natural graphite is a mineral composed of graphitic carbon. Its crystallinity varies widely. Most commercial (natural) graphite is mined and usually contains other minerals. The growing demand for electronic products is a major factor driving the natural graphite market. Continuous improvements and advances in the natural graphite market are opening profitable opportunities for new market entrants. The mining and processing of natural graphite has significant environmental impacts such as deforestation, soil erosion, and water pollution, and the high price volatility of natural graphite is expected to hold back the growth of the natural graphite market.
The use of graphite in the production of lithium-ion batteries, amid growing demand for electric vehicles, is expected to drive market growth. The number of renewable energy storage systems is growing every day. Lithium-ion batteries, a popular energy storage option, require large amounts of natural graphite. The growing demand for natural graphite in the steel industry in developing countries is expected to drive growth in the natural graphite market. These graphites are widely used in the aerospace industry to produce lightweight composites used in aircraft, which is expected to fuel the growth of the natural graphite industry. In addition, natural graphite is used as a conductor in electronic devices such as smartphones and laptops. Technological advances in the development of natural graphite to increase efficiency and reduce production costs are expected to influence the growth of the market.
Asia Pacific will dominate the natural graphite market in 2022 and is expected to maintain its dominance during the forecast period. China is the largest producer of natural graphite, which is mainly used in the steel, refractory and battery industries. The European market is the second largest natural graphite production market. Germany, France and the UK are the largest markets for natural graphite. The growing demand for natural graphite in the automotive, aerospace and energy industries is expected to drive growth in the natural graphite market.
Post time: Aug-18-2023