According to the research report titled ‘Graphite Market By Product Type; By Application; By Regions, Segments & Forecast, 2018 - 2026’, available with Market Study Report, global graphite market size is projected to expand at 4.8% CAGR during 2018-2026 and reach USD 28.33 billion by the end of the forecast period.
 

As per the findings of the report, surging demand for synthetic graphite for production of aluminium steel and other metals which are increasingly being demanded across various end-use industries is driving the industry growth. Moreover, applicability of graphite electrodes for metallurgy applications is adding to the business expansion. Further, increasing establishment of technologically developed outlets that vary from graphene to fuel cells is anticipated to enhance global graphite market remuneration.
 

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Notably, carbon fibre, a graphite product-type, has witnessed tremendous demand in the last five years due to its crucial requirement innumerous end-use industries such as automotive, aerospace, and wind turbine. Moreover, advancements and exploitation of graphite has witnessed an uptick in recent times due to several developmental scenarios such as enterprise value, contained graphite, deposit reserve, and location feasibility & availability. Some other associated factors include authenticity in product purity, improvisation of logistics segment, flake size distribution, off take agreements, and technology development has reduced production timeframe.
 

Considering the application scope, global graphite industry size from refractory segment is slated to expand considerably in the forthcoming years. This can be attributed to high steel consumption in refractories for manufacturing and utilization of naturally occurring graphite.
 

With respect to the geographical landscape, Asia Pacific is the leading consumer in global graphite market. Speaking of the country-level, bifurcation, U.S., India, Japan, Russia, South Korea, and Germany are the major consumers of graphite. Demand is scattered mostly in developed nations like U.S., China, and Western Europe, among which, China is expected dominate the natural graphite segment. Whereas, synthetic graphite is likely to distributed across developed as well as developing countries.
 

Elaborating on global graphite market competitive landscape, the industry is highly fragmented with numerous multinational companies. Triton Minerals Ltd., Mason Graphite, Inc., Hexagon Resources Ltd., Focus Graphite, Inc., SGL Carbon SE, NextSource Materials, Inc. (formerly Energizer Resources, Inc.), Mersen, Graphite India Ltd., GrafTech International Ltd., and HEG Ltd. are the top players in this business space.