Global Special and Extruded Graphite Market growing at a CAGR of 5.2% from 2023 to 2030
Category : Materials And Chemicals | Published Date : Aug 2023 | Type : Press Release
Key Market Overview
Consegic Business Intelligence analyses that the global special and extruded graphite market is growing with a CAGR of 5.2% and is expected to reach USD 1,835.95 million in 2030 from USD 1,240.00 million in 2022.
The report highlights the rise in demand for lithium ion batteries for various applications that are contributing to the growing demand for special and extruded graphites. Consegic Business Intelligence study also provides insights into the market's competitive landscape, market segmentation, regional outlook, and emerging technologies in the special and extruded graphite market.
Global Special and Extruded Graphite Market By Overview
The special and extruded graphite market is bifurcated into type, application, and end-use industry. Based on type, the market is segmented into special graphite and extruded graphite. In 2022, special graphite segment accounted for the highest market share in the special and extruded graphite market. The application segment is categorized into electric motor brushes, photovoltaic, semiconductor & LED, high-temperature furnaces, metal, glass & refractory, and others. In 2022, semiconductor & LED segment accounted for the highest market share. On the basis of end-use industry, the market is segmented into electronics, foundry and metallurgy, automotive, and others. In 2022, the automotive segment accounted for the highest market share in the overall special and extruded graphite market.
Get Free SampleMarket Dynamics
Driver:
- Increasing demand for semiconductor and LED products is propelling the special and extruded graphite market growth.
- Growing use of lithium ion batteries in the automotive industry is increasing the market growth.
Restraints:
- Graphite shortages is likely to deter market growth.
Opportunity:
- Increasing investments in renewable energy is likely to accelerate the market growth.
Market Segmentation:
| Report Attributes | Report Details |
| By Type | Special Graphite and Extruded Graphite |
| By Application | Electric Motor Brushes, Photovoltaic, Semiconductor & LED, High-temperature Furnaces, Metal, Glass & Refractory, and Others |
| By End-use Industry | Electronics, Foundry and Metallurgy, Automotive, and Others |
| By Region | North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa |
Competitive Landscape :
The market is dominated by certain major companies such as Toyo Tanso, Tokai Carbon, Mersen, IBIDEN have a strong market position in current market circumstances. Further, the special and extruded graphite market is expected to witness significant growth in the coming years due to Increasing investments in renewable energy. The market players compete for a firm market position through mergers and acquisitions, product innovations, and business strategies. Thus, evolving research and developments are expected to help market players adopt innovative ways of product creation to cater to the growing needs of various end-use industries.
- Toyo Tanso
- Tokai Carbon
- Mersen
- IBIDEN
- Entegris (POCO)
- Graphite India
- Chengdu Carbon
- Liaoning Dahua Glory Special Graphite
- GrafTech
- BariteWorld
