Global Synthetic Graphite Materials Market Overview (2023):
Market Size in 2023: Valued at 8871.19 Million USD.
Comparison with 2019: Significantly increased from 7769.19 Million USD in 2019.
Forecast for 2030: Expected to reach 19116.96 Million USD by 2030.
Compound Annual Growth Rate (CAGR): Projected CAGR of 8.84% between 2024 and 2030.
Synthetic graphite is a man-made material produced by heating carbon-rich materials, such as petroleum coke and coal tar pitch, at high temperatures. Synthetic graphite materials have various applications across different industries due to their unique properties, including high electrical and thermal conductivity, resistance to corrosion and heat, and lubricity.
key types of synthetic graphite materials:
Synthetic graphite electrodes: Used in electric arc furnaces for steel production and in the smelting of other metals.
Synthetic graphite anodes: Used in the production of lithium-ion batteries, which power electric vehicles and portable electronic devices.
Specialty synthetic graphite materials: Used in various applications, including high-temperature seals, bearings, heat exchangers, and crucibles.
Nuclear graphite: Used in nuclear reactors as a moderator and reflector of neutrons.
Carbon fiber reinforced carbon (CFRC): A composite material made from carbon fibers embedded in a carbon matrix, used in aerospace, defense, and other high-performance applications.
The demand for synthetic graphite materials is expected to grow due to the increasing use of electric vehicles and renewable energy, as well as the development of advanced materials for various industrial applications.
Major Global Manufacturers:
Key Players: GrafTech, Fangda Carbon, Showa Denko, Jilin Carbon, Graphite India, Tokai Carbon, HEG, Nippon Carbon, Datong Xincheng New Material Co., Ltd, SEC Carbon, etc.
Revenue Concentration: In 2023, the top 3 vendors globally accounted for approximately 33.46% of the revenue.
This report aims to provide a comprehensive presentation of the global market for Synthetic Graphite Materials, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Synthetic Graphite Materials.
The Synthetic Graphite Materials market size, estimations, and forecasts are provided in terms of output/shipments (K MT) and revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Synthetic Graphite Materials market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Synthetic Graphite Materials manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
GrafTech
Fangda Carbon
Showa Denko
Jilin Carbon
Graphite India
Tokai Carbon
HEG
Nippon Carbon
Datong Xincheng New Material Co., Ltd
SEC Carbon
Toray Carbon
Toyo Tanso
Teijin (Toho Tenax)
Mersen Group
Ibiden
Asbury Graphite
Segment by Type
Graphite Electrodes
Carbon Fibers
Specialty Graphite
Graphite Granular & Powder
Others
Segment by Application
Iron and Steel Industry
Battery Industry
Aluminum Industry
Industrial Components
Others
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Europe
Germany
France
U.K.
Italy
Rest of Europe
Latin America, Middle East & Africa
Mexico
Brazil
Turkey
GCC Countries
Demand Drivers
Analyze growth in steel production, especially in electric arc furnace steelmaking which requires graphite electrodes
Evaluate demand growth for lithium-ion batteries used in electric vehicles and consumer electronics and the graphite content per battery
Identify trends in government investments in aerospace/defense, renewable energy, nuclear power and materials demand for these end-markets
Supply Analysis
Profile leading merchants and producers and evaluate their expansion plans and competitive landscape
Estimate plant capacities and utilization rates to assess supply constraints
Understand cost drivers including petroleum needle coke feedstocks and energy/utilities
Price Analysis
Track price trends over 5-10 years, accounting for any spikes/declines and long term trajectory
Compare pricing across geographic regions
Relate pricing to underlying supply/demand balance
Macroeconomic Factors
Consider impact of trends in electric vehicle adoption, semiconductor demand, construction activity on graphite demand
Factor in economic growth rates in China, India, Asia, Europe, and North America
Some notable developments include:
Anovion Technologies announced plans to build a synthetic graphite anode manufacturing facility in Georgia, USA, to meet the growing demand for lithium-ion batteries for electric vehicles.
The U.S. Department of Energy awarded $2.8 billion in grants to support domestic manufacturing of batteries for electric vehicles, including the production of synthetic graphite materials.
The U.S. government introduced new rules aimed at reducing dependence on China for critical minerals used in electric vehicle batteries, including graphite.
Researchers are developing new methods for producing synthetic graphite materials with improved performance and sustainability, such as using renewable energy sources for graphitization and exploring alternatives to petroleum-based precursors.
Companies are scaling up the production of synthetic graphite materials to meet the increasing demand from various industries, with several new facilities and expansion projects announced in recent years
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