Published on : Nov 17, 2014
The global graphite market is mainly driven by greater use of graphite in batteries. Rising demand for graphite for use in batteries can be attributed to the fact that graphite is a very good and an efficient conductor of electricity. Also, the global graphite market is propelled by rising demand for Li-ion batteries. It is expected that the demand for Li-ion batteries will increase in the forthcoming years due to the application of Li-ion batteries in electric vehicles. As a result, the global graphite market will also witness high demand for graphite.
Graphene is basically a thin material but a very strong one and is a carbon allotrope. Graphene exhibits high conductivity and is sturdier than steel. Graphene is applied extensively in the manufacturing of high speed quantum computers. The wide application scope of graphene signifies that the global graphite market will witness much growth in the near future. One of the main problems facing the global graphite market is the widening gap between the demand and supply of graphite.
Geographically, the largest producer of graphite in the global graphite market is China. The global graphite market is segmented on the basis of occurrence which includes amorphous, flake, and vein graphite. Graphite is mostly applied in foundry moldings, steel production, auto parts, slippery lubricants, electronics, batteries, pencils, and refractories. The largest share in the global graphite market is held by North America.
Globally, the biggest consumers of graphite are China, and the US. Rising demand from the automotive, and steel industries is expected to give a major boost to the graphite market in the area of the Asia Pacific.
If you are a player in the global graphite market, ResearchMoz will help you to effectively plan out your business strategy for future expansion and growth with the help of the various research reports provided by it.