Natural Graphite Market Set to Soar, Projected to Reach USD 24.7 Billion by 2029
In a significant development, the global Natural Graphite Market is witnessing unprecedented growth, with the market size reaching USD 15.5 billion in 2022 and expected to surge to USD 24.7 billion by 2029, at a commendable CAGR of 6.4% from 2023 to 2029.
Market Dynamics: The Natural Graphite Market is witnessing dynamic growth propelled by several factors:
Growth in the Electric Vehicle Market: Increasing demand for electric vehicles is a major driver, with natural graphite being a crucial material in lithium-ion batteries.
Renewable Energy Storage Systems: The rise of renewable energy sources is boosting demand for energy storage systems, where lithium-ion batteries utilize significant quantities of natural graphite.
Steel Industry Expansion: Natural graphite's role in the steel industry as a refractory material is fueling demand, especially in developing countries.
Aerospace Industry Expansion: The aerospace sector is emerging as another key driver, utilizing natural graphite in lightweight composites for aircraft and spacecraft.
Increasing Demand for Electronics: Natural graphite's use in electronic devices is rising, driven by the growing demand for electronic devices in developing countries.
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Natural Graphite Market Report Scope and Research Methodology
The global Natural Graphite market report published by Maximize Market Research is a comprehensive analysis of the market, drawing on both primary and secondary research methods. The report provides a detailed analysis of the Natural Graphite market segments and variables driving the market, as well as the strengths and weaknesses of the Natural Graphite key players in the industry.
The report also includes a PESTLE analysis, which helps investors in the Natural Graphite industry to develop strategies that are aligned with the macroeconomic and microeconomic factors that are shaping the market. Additionally, the report provides insights into the competitive landscape of the Natural Graphite market, helping businesses to understand the competition at local, regional, and global levels.
Natural Graphite Market Segments:
Types of Natural Graphite: There are three types of natural graphite that are extracted from naturally occurring graphite material. Amorphous graphite, flake graphite, and crystalline vein graphite are the three types. The typical process of forming amorphous graphite involves contact metamorphism between a metamorphism agent and an anthracite coal seam. In comparison to other types of natural graphite, amorphous graphite typically has a higher amount of ash. Amorphous graphite is added to steel as a carbon raiser to give it more strength and durability. Amorphous graphite is utilised in other sectors to create pencil lead, clutch materials, brake linings, and gaskets.
According to mineralogy, natural graphite is a hexagon-shaped mineral that belongs to the 6/m2/m2/m crystal class. The {1010} prism, {1011} pyramid, and {0001} basal pinacoid are examples of common shapes (crystal faces). Perfect basal cleavage, or perfect cleavage parallel to {0001}, is present in graphite. Graphite has an estimated crystallographic density of 2.26 g/cc. Two comparable faces define the open form of the basal pinacoid. Every face meets the third vertical axis at a unit length and runs parallel to the first two horizontal crystallographic axes. Open structures with four or eight faces that are basically parallel to the vertical crystallographic axes are known as prisms. Pyramids are closed shapes with eight or sixteen faces, where the vertical crystallographic axis is basically met by each face.
Natural Graphite Occurrence by Colour: Trapped porosity is commonly present in natural graphite with densities lower than theoretical. Graphite is velvety, has a metallic sheen, and ranges in colour from grey to black. It is also opaque to visible light, even in thin parts. It's also called black lead or plumbago in colloquial language because of its resemblance to metal lead.
Natural Graphite by Mohs Hardness: Hardness, not fracture susceptibility, measures a mineral's ability to withstand scratches. A mineral's hardness is determined by its internal bonding; the stronger the link, the harder the material. The Mohs scale of hardness, which contrasts the hardness of various minerals, is used to measure mineral hardness. According to the Mohs hardness scale, diamond is a 10—the hardest mineral. Talc rates a 1 on the Mohs hardness scale due to the extremely weak atomic bonds between its atoms. Such as being flexible, non-elastic, and sectile, and having a Mohs hardness of 1-2 (Mohs 1 = talc, Mohs 2 = gypsum, and Mohs 10 = diamond).
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Natural Graphite Market Major Players are:
1. Syrah Resources
2. GrafTech International
3. Northern Graphite
4. Mason Graphite
5. Graphite India
6. Imerys Graphite & Carbon
7. Focus Graphite
8. Triton Minerals
9. Alabama Graphite
10.SGL Carbon
11.Asbury Carbons
12.Showa Denko K.K.
13.Tokai Carbon Co. Ltd.
14.Mersen
15.Toyo Tanso Co. Ltd.
16.HEG Ltd.
17.Nippon Carbon Co. Ltd.
18.Superior Graphite
19.Qingdao Tianshengda Graphite Co. Ltd.
20.Qingdao Xinghe Graphite Co. Ltd.
Natural Graphite Market Regional Insights
The Natural Graphite market report includes a detailed analysis of market size, dynamics and market share in regions: North America, Europe, Asia Pacific, South America and Middle East and Africa.
Key Questions answered in the Natural Graphite Market Report are:
What is Natural Graphite?
What is the expected Natural Graphite market size by the end of the forecast period?
Which segment in the Natural Graphite market is expected to grow rapidly during the forecast period?
Which are the top players in the Natural Graphite market?
What key trends are expected to emerge in the Natural Graphite market during the forecast period?
Which regional market is expected to grow at a high rate during the forecast period?
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Key Offerings:
A detailed Market Overview
Market Share
Market Size
Market Forecast by Revenue
Market Dynamics- Growth drivers, Restraints, Investment Opportunities, and key trends
Market Segmentation- A detailed analysis of each segment and their segments
Competitive Landscape - Leading key players and other prominent key players.
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