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According to a new market report published by Credence ResearchlobalGraphite MarketGrowth, Future Prospects and Competitive Analysis, 2016 ?2023,?theGraphite market is expected to reach over US$ 20.8 Bn by 2023 Cheap NFL Jerseys Wholesale , expanding at a CAGR of 3.8% from 2016 to 2023.
Browse the fullGraphite Market by product type Natural Graphite (Flake, Amorphous and Vein) and Synthetic Graphite (Graphite Electrode, Carbon Fibre, Graphite Blocks, Graphite Powder and Other); by application Refractories, Lubricants & Crucible Cheap NFL Jerseys Online , Foundry Facing, Batteries and Others – Market Growth, Future Prospects and Competitive Analysis, 2016 ?2023 report at Market Insights
Graphite is flexible and has both metallic and non-metallic properties making it suitable for diverse industrial applications. The non-metallic properties include chemical inertness, high thermal resistance and lubricity, whereas metallic properties include thermal and electrical conductivity. Due to developments in battery technologies related to the emerging electric vehicle and green energy markets; graphite has recently been the focus of numerous companies. Global graphite production has risen from 100 Cheap NFL Jerseys Free Shipping ,000 tpa in the early 1900s to estimated 1.2 mtpa in 2014 at a compound annual growth rate (CAGR) of just over 2%. According to United States Geological Survey (USGS) China is the world leading supplier of natural graphite (flake and amorphous) with approximately 67% of global production followed by India, Brazil, Canada and North Korea cumulatively accounting around 25% of the global graphite production.
Graphite is an important material used in gaskets, clutch materials, motors, exhaust systems and cylinder heads. Increasing the use of graphite in the automotive and battery industries is the major factor driving the demand for graphite. According to industry experts Cheap NFL Jerseys China , refractories is expected to remain the key driver for graphite market coupled with increasing demand for batteries and foundry facing owing to rapid industrialization especially in Asian countries which is anticipated to fuel the growth of graphite market. In 2015, Asia pacific was observed as the largest and fastest growing market for Graphite. Global Graphite market revenue is expected to grow at rate of 3.8% over the forecast period 2016-2023. Growing demand from developing countries like India and China is expected to drive the growth of Graphite market over the forecast period.
AMG Advanced Metallurgical Group N.V., Graphite India Limited, GrafTech International Limited, HEG Ltd, Toyo Tanso Co. Ltd. Cheap NFL Jerseys From China , Tokai Carbon Co. Ltd., Showa Denko K.K., SGL Carbon SE., SEC Carbon Ltd. are few key manufacturers in graphite market.
Key Trends: Chinese flake graphite developmentsRising synthetic graphite productionOngoing shift to alternative energy influences world market for graphiteGlobal graphite market is expected to increase slowlyRise of technologically advancedapplications of graphite
Request Sample: Browse the fullreportGraphite Market– Growth, Future Prospects, Competitive Analysis Cheap NFL Jerseys , 2018 ?2026 report at Related Reports: