CAGR of 5.9% Predicted for Carbon and Graphite Market by 2033

The carbon and graphite market (カーボンおよびグラファイト市場) is projected to witness a steady growth rate, with a compound annual growth rate (CAGR) of 5.9%. This growth is expected to propel the market from its present value of US$ 18 billion to reach US$ 32 billion by the conclusion of the year 2033.

The global carbon and graphite market is witnessing steady growth driven by a wide range of industrial applications and the increasing demand for lightweight materials in various end-use industries. Carbon and graphite materials are known for their excellent thermal conductivity, low coefficient of thermal expansion, high resistance to thermal shock, and exceptional mechanical strength, making them ideal for use in a multitude of applications.

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Market Dynamics

The carbon and graphite market is primarily driven by the growing demand for these materials in the automotive and aerospace industries. The automotive industry, in particular, is witnessing a surge in the adoption of carbon and graphite materials for manufacturing lightweight components to improve fuel efficiency and reduce emissions. Additionally, the aerospace industry is increasingly using carbon and graphite materials in aircraft components to reduce weight and enhance performance.

Moreover, the increasing demand for carbon and graphite materials in the electronics industry for manufacturing electrodes, brushes, and other components is further propelling market growth. The electrical conductivity and thermal stability of carbon and graphite make them essential materials in the electronics industry, especially in the production of batteries, fuel cells, and electronic components.

Market Future Outlook

The carbon and graphite market (탄소 및 흑연 시장) is expected to continue its growth trajectory in the coming years, driven by the increasing adoption of these materials in emerging industries such as renewable energy and electric vehicles. The renewable energy sector, in particular, is expected to create significant opportunities for the carbon and graphite market, with the growing demand for carbon and graphite materials in wind turbine blades and solar panels.

Moreover, the increasing focus on sustainability and environmental conservation is likely to drive the demand for carbon and graphite materials, as they are considered eco-friendly alternatives to traditional materials. Additionally, technological advancements in the manufacturing process of carbon and graphite materials are expected to further boost market growth, enabling manufacturers to produce high-quality materials at competitive prices.

Market Insights

The global carbon and graphite market (marché du carbone et du graphite) is segmented based on product type, application, and region. By product type, the market is segmented into carbon fiber, graphite electrode, carbon black, and others. The carbon fiber segment is expected to dominate the market, owing to its widespread use in the aerospace, automotive, and wind energy industries.

Based on application, the carbon and graphite market is segmented into aerospace and defense, automotive, electronics, industrial, and others. The aerospace and defense segment is expected to hold a significant market share, driven by the increasing use of carbon and graphite materials in aircraft components and defense equipment.

Key Players:

Cabot Corporation
Mitsubishi Chemical Holdings Corporation
Solvay SA
GrafTech International Holdings Inc
Mersen S.A,
HEG Ltd
Mitsubishi Chemical Carbon Fiber and Composites, Inc
Hexcel Corporation
Morgan Advanced Materials Plc

Competitive Landscape:

Prominent players in the carbon and graphite market are actively expanding their global presence by entering emerging markets to establish mining operations and manufacturing facilities, with the aim of reducing capital expenditures (CapEx) and operational costs, while simultaneously enhancing profitability.

In addition, a number of start-ups are entering the market with innovative product offerings.

One such start-up, Battrion, based in Switzerland, has developed the proprietary Aligned Graphite® technology for advanced lithium-ion batteries. This technology facilitates the consistent alignment of graphite molecules within a negative electrode, resulting in shorter diffusion routes and enabling faster charging and improved safety.

BlackEarth Minerals has recently entered into an agreement with Metachem Manufacturing to establish an expandable graphite facility in India. The proposed facility will initially have a capacity of 2,000-2,500 tons per year, with the potential for expansion to 4,000 tons per year in the future.

Betterray New Material Technology Co., Ltd., a wholly-owned subsidiary of Betterray Group, celebrated the first phase of its lithium-ion battery anode material project in June 2021. This project is expected to produce 50,000 tons per year.

SGL Carbon secured €42.9 million in IPCEI funding in March 2021 for its graphite anode products in lithium-ion batteries. The aim of the SGL Carbon project is to position breakthrough anode materials as a crucial value-added component in the field of electromobility in Europe.

Mason Graphite Inc. established a joint venture called Black Swan Graphene with Thomas Swan Co & Limited in March 2021. Through this collaboration, Mason Graphite will be able to leverage Thomas Swan's expertise in graphene processing technology.

Northern Graphite Corporation entered into a binding purchase and sale agreement in March 2021 to acquire 100% control of Quebec's Lac des Iles graphite mine and Namibia's Okanjande graphite mine. This strategic move will make the company the sole North American and the third-largest non-Chinese graphite producer.

Key Segments of Carbon and Graphite Industry Research

By Product Type :
Carbon & Graphite Electrodes
Carbon & Graphite Fibers
Carbon & Graphite Powders
Other Product Types

By Region :
North America
Latin America
Europe
APAC
MEA

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This release was published on openPR.