Carbon Graphite Market - Forecast(2024 - 2030)

Report Code: CMR 87445 Report Format: PDF + Excel


Carbon Graphite Market is forecast to reach $20.86 billion by 2025, after growing at a CAGR of 5.40% during 2020-2025. Carbon graphite is used as one of the main materials for susceptors in chemical vapor deposition (CVD) processes due to its thermal stability, high electrical conductivity and the ability to easily shape almost any form. Extruded graphite is produced in an extrusion process. In contrast to isostatic graphite, extruded graphite has a coarser grain size and a lower strength but higher thermal and electrical conductivity. The global carbon graphite market has witnessed significant growth during the forecast period due to the expansion of the industrial sector and increase in usage of carbon graphite in metallurgy activities.  

Report Coverage

The report: “Carbon Graphite Market – Forecast (2020-2025)”, by IndustryARC, covers an in-depth analysis of the following segments of the Carbon Graphite Market.

Key Takeaways

  • The growth in the refractories manufacturing industries led to an increased demand for carbon graphite. Carbon graphite is used in the production of refractory bricks such as magnesia-carbon (MgO-C) refractory bricks, ladles, crucibles, and molds for containing molten metals.
  • Graphite mining companies are considering increasing the production of graphite to cater to the increase in demand for graphene batteries which is a major growth factor of the carbon-graphite market.
  • The use of underground-drones to build three-dimensional (3D) maps for mine plans is gaining popularity in the carbon graphite industry.
  • Environmental regulations imposed by governments globally to decrease carbon emissions and meet environmental targets proved to be a restraint on the carbon graphite market.

 By Product Type - Segment Analysis

Carbon graphite electrode segment held a significant share of the carbon-graphite market in 2019. Carbon graphite electrodes are primarily used in electric arc furnace and steel manufacturing as they provide high levels of electrical conductivity and capability of sustaining heat generated at extremely high levels. The market for carbon graphite electrodes is expected to grow during the forecast period as they are also used in the refinement of steel and similar smelting processes.

By Application - Segment Analysis

Industrial segment held a significant share in the carbon graphite market in 2019. Carbon graphite has high refractory qualities and is a good conductor of electricity, meaning it stands up well to high temperatures and wears. Because of this, carbon graphite is widely used for industrial purposes as flake graphite which is used to manufacture carbon electrodes, dry-cell batteries, brushes, and plates in the electrical industry.  Because of carbon graphite self-lubricating and dry lubricating properties, it is widely used in industrial applications and hence driving the carbon graphite market.

Geography - Segment Analysis

Asia Pacific dominated the carbon graphite market with a share of more than 40% during the forecast period. In various countries such as China and India, high investments are being made for industrial growth and infrastructure development. Furthermore, expansion of the industrial sector, especially in Asia Pacific is anticipated to drive the carbon graphite market during the forecast period.

China is one of the largest producers of carbon graphite, accounting for a major share of global production. China’s Ministry of Industry and Information Technology (MIIT) published a document entitled ‘Graphite Industry Access Conditions’ which includes government regulations and plans on the treatment of graphite. The document considers graphite to be a rare earth mineral and suggests steps to regulate the market. China is likely to have a prominent share in the graphite market throughout the forecast period.

Drivers – Carbon Graphite Market

·         Demand for carbon graphite from the lithium-ion battery industry       

Carbon graphite is majorly used as an anode material in lithium-ion batteries, which is a major factor contributing to the growth of the carbon-graphite industry is the expansion of lithium-ion battery industry. The factors responsible for the growth of carbon graphite market is rapidly maturing electric vehicle industry inception of the utility storage market. Moreover, increasing investments and expansions by the market players is likely to contribute for the growth of carbon graphite market. For instance, Tesla has constructed lithium-ion factory in Nevada, U.S., with a production capacity of 35 GWh. This plant is expected to be operational by 2020.

Challenges – Carbon Graphite Market

·         Increasing prices

Carbon graphite prices mainly depend on two factors which are flake size and purity. According to Statista, in 2016, the price for large graphite flakes is expected to reach 996 U.S. dollars per metric ton. Until 2020, the price for this flake grade was expected to increase to 1,165 dollars per metric ton. Due to an increase in prices, the market for carbon graphite is likely to decrease.

Market Landscape

Technology launches, acquisitions, and R&D activities are key strategies adopted by players in the carbon graphite market. In 2019, the market for carbon graphite has been consolidated by the top five players accounting for xx% of the carbon-graphite market share. Major top 10 companies of carbon graphite market are Cabot Corporation, Cytec, Solvay Group, Hexcel Corporation, Mersen S.A., HEG Ltd., Mitsubishi Rayon Co. Ltd., Nippon Carbon Co. Ltd., Toray Industries Inc. and Tokai Carbon Co. Ltd. among others.

Acquisitions/ Expansion

Ø  In 2019, LG Chem, a South Korea-based company planned to open Europe’s largest lithium-ion battery in Poland that uses graphite as a raw material.

Ø  In July 2018, Tokai Carbon acquired Sid Richardson Carbon and its affiliated companies at a transaction value of USD$308 million. With this acquisition, Tokai established its major presence in the North American market, as Sid Richardson Carbon is the largest carbon black producer in the United States.

Ø  In October 2017, SHOWA DENKO K.K. acquired SGL GE Holding GmbH, a graphite electrode production company, which operates as a subsidiary of SDK now.

1. Carbon Graphite Market - Overview
        1.1 Definitions and Scope
2. Carbon Graphite Market - Executive summary
        2.1 Market Revenue, Market Size and Key Trends by Company
        2.2 Key Trends by type of Application
        2.3 Key Trends segmented by Geography
3. Carbon Graphite Market
        3.1 Comparative analysis
            3.1.1 Product Benchmarking - Top 10 companies
            3.1.2 Top 5 Financials Analysis
            3.1.3 Market Value split by Top 10 companies
            3.1.4 Patent Analysis - Top 10 companies
            3.1.5 Pricing Analysis
4. Carbon Graphite Market - Startup companies Scenario Premium
        4.1 Top 10 startup company Analysis by
            4.1.1 Investment
            4.1.2 Revenue
            4.1.3 Market Shares
            4.1.4 Market Size and Application Analysis
            4.1.5 Venture Capital and Funding Scenario
5. Carbon Graphite Market - Industry Market Entry Scenario Premium
        5.1 Regulatory Framework Overview
        5.2 New Business and Ease of Doing business index
        5.3 Case studies of successful ventures
        5.4 Customer Analysis - Top 10 companies
6. Carbon Graphite Market Forces
        6.1 Drivers
        6.2 Constraints
        6.3 Challenges
        6.4 Porters five force model
            6.4.1 Bargaining power of suppliers
            6.4.2 Bargaining powers of customers
            6.4.3 Threat of new entrants
            6.4.4 Rivalry among existing players
            6.4.5 Threat of substitutes
7. Carbon Graphite Market -Strategic analysis
        7.1 Value chain analysis
        7.2 Opportunities analysis
        7.3 Product life cycle
        7.4 Suppliers and distributors Market Share
8. Carbon Graphite Market - By Product Type (Market Size -$Million / $Billion)
        8.1 Market Size and Market Share Analysis
        8.2 Application Revenue and Trend Research
        8.3 Product Segment Analysis
            8.3.1 Carbon Graphite Electrode
            8.3.2 Carbon Graphite Fiber
            8.3.3 Carbon Graphite Powder
9. Carbon Graphite Market - By End-User Industry (Market Size -$Million / $Billion)
9.1 Industrial
9.2 Aerospace
10. Carbon Graphite - By Application Type (Market Size -$Million / $Billion)
        10.1 Segment type Size and Market Share Analysis
        10.2 Application Revenue and Trends by type of Application
        10.3 Application Segment Analysis by Type
11. Carbon Graphite- By Geography (Market Size -$Million / $Billion)
        11.1 Carbon Graphite Market - North America Segment Research
        11.2 North America Market Research (Million / $Billion)
            11.2.1 Segment type Size and Market Size Analysis
            11.2.2 Revenue and Trends
            11.2.3 Application Revenue and Trends by type of Application
            11.2.4 Company Revenue and Product Analysis
            11.2.5 North America Product type and Application Market Size
         Rest of North America
        11.3 Carbon Graphite- South America Segment Research
        11.4 South America Market Research (Market Size -$Million / $Billion)
            11.4.1 Segment type Size and Market Size Analysis
            11.4.2 Revenue and Trends
            11.4.3 Application Revenue and Trends by type of Application
            11.4.4 Company Revenue and Product Analysis
            11.4.5 South America Product type and Application Market Size
         Costa Rica
         Rest of South America
        11.5 Carbon Graphite- Europe Segment Research
        11.6 Europe Market Research (Market Size -$Million / $Billion)
            11.6.1 Segment type Size and Market Size Analysis
            11.6.2 Revenue and Trends
            11.6.3 Application Revenue and Trends by type of Application
            11.6.4 Company Revenue and Product Analysis
            11.6.5 Europe Segment Product type and Application Market Size
         Rest of Europe
        11.7 Carbon Graphite - APAC Segment Research
        11.8 APAC Market Research (Market Size -$Million / $Billion)
            11.8.1 Segment type Size and Market Size Analysis
            11.8.2 Revenue and Trends
            11.8.3 Application Revenue and Trends by type of Application
            11.8.4 Company Revenue and Product Analysis
            11.8.5 APAC Segment - Product type and Application Market Size
         South Korea
         Hong Kong
         Rest of APAC
        11.9 Carbon Graphite - Middle East Segment and Africa Segment Research
        11.10 Middle East & Africa Market Research (Market Size -$Million / $Billion)
            11.10.1 Segment type Size and Market Size Analysis
            11.10.2 Revenue and Trend Analysis
            11.10.3 Application Revenue and Trends by type of Application
            11.10.4 Company Revenue and Product Analysis
            11.10.5 Middle East Segment Product type and Application Market Size
         Saudi Arabia
            11.10.6 Africa Segment Analysis
         South Africa
         Rest of Middle East & Africa
12. Carbon Graphite Market - Entropy
        12.1 New product launches
        12.2 M&A s, collaborations, JVs and partnerships
13. Carbon Graphite Market - Industry / Segment Competition landscape Premium
        13.1 Market Share Analysis
            13.1.1 Market Share by Country- Top companies
            13.1.2 Market Share by Region- Top 10 companies
            13.1.3 Market Share by type of Application - Top 10 companies
            13.1.4 Market Share by type of Product / Product category- Top 10 companies
            13.1.5 Market Share at global level - Top 10 companies
            13.1.6 Best Practises for companies
14. Carbon Graphite Market - Key Company List by Country Premium
15. Carbon Graphite Market Company Analysis
        15.1 Market Share, Company Revenue, Products, M&A, Developments
        15.2 Cabot Corporation
        15.3 Cytec
        15.4 Heg Ltd
        15.5 Hexcel Corporation
        15.6 Mersen S A
        15.7 Mitsubishi Rayon Co Ltd
        15.8 Nippon Carbon Co Ltd
        15.9 Solvay Group
        15.10 Tokai Carbon Co Ltd
        15.11 Toray Industry Inc
        15.12 Company 11
        15.13 Company 12 & More
*Financials would be provided on a best efforts basis for private companies
16. Carbon Graphite Market - Appendix
        16.1 Abbreviations
        16.2 Sources
17. Carbon Graphite Market - Methodology
        17.1 Research Methodology
            17.1.1 Company Expert Interviews
            17.1.2 Industry Databases
            17.1.3 Associations
            17.1.4 Company News
            17.1.5 Company Annual Reports
            17.1.6 Application Trends
            17.1.7 New Products and Product database
            17.1.8 Company Transcripts
            17.1.9 R&D Trends
            17.1.10 Key Opinion Leaders Interviews
            17.1.11 Supply and Demand Trends