Synthetic Graphite Market To Reach USD 10920 Million By 2028 With A CAGR of 3.6% | Valuates Reports

India - English

News provided by

Dec 05, 2022, 10:01 ET

BANGALORE, India, Dec. 5, 2022 /PRNewswire/ -- Synthetic Graphite Market is segmented by type (Graphite Electrodes, Carbon Fibers, Specialty Graphite, Graphite Granular & Powder, Others), by application (Iron and Steel Industry, Battery Industry, Aluminum Industry, Industrial Components, Others) : Opportunity Analysis and Industry Forecast, 2022–2028. It is published in Valuates Reports under the Chemicals Industry Category.

Due to the COVID-19 pandemic, the global Synthetic Graphite market size is estimated to be worth USD 8833 million in 2022 and is forecast to a readjusted size of USD 10920 million by 2028 with a CAGR of 3.6% during the review period.

Major Factors Driving The Growth Of The Synthetic Graphite Market

The high levels of synthetic graphite purity and the rising demand for electric vehicles are the main drivers of Synthetic Graphite market expansion.

Additionally, synthetic graphite has benefits including improved cycling stability, faster rapid charging, higher quality consistency, and scalable production. These elements are anticipated to fuel the synthetic graphite market even more.

Get Free Sample Report:

https://reports.valuates.com/request/sample/QYRE-Auto-18B4405/Global_Synthetic_Graphite_Market

TRENDS INFLUENCING THE GROWTH OF THE SYNTHETIC GRAPHITE MARKET

Increasing Application of Synthetic Graphite for Graphite Electrodes is expected to drive the growth of the Synthetic Graphite market. Another application for synthetic graphite is in graphite electrodes. They are manufactured from petroleum coke that has been combined with coal tar pitch, extruded, and molded before being baked to carbonize the binder and then heated to temperatures around 3000 12C to graphitize the carbon. The electrodes can range in size from 1 inch in diameter to 11 feet long. In electric arc furnaces, it is typically used to transport the electricity that melts steel and iron scrap. EAF is frequently utilized in furnaces that make steel. Since electric arc furnaces are used to produce the majority of the world's steel, these furnaces are becoming more efficient and producing more steel per tonne of the electrode.

A special material called synthetic graphite is frequently utilized in the production of metals as well as in energy-related products like batteries and solar panels. High-purity carbon makes up synthetic graphite, which is prized for its resistance to corrosion and extreme temperatures. For highly specialized sectors that require reliable results from their carbon materials, those qualities make it a fantastic alternative. Because synthetic graphite has a purer carbon composition and exhibits more predictable behavior, it has found applications in solar energy storage and arc furnaces. This in turn is expected to drive the growth of the Synthetic Graphite market.

Lithium-ion batteries are one of synthetic graphite's most common uses today due to the rise in the production of electric vehicles. Synthetic graphite is used in electric vehicle batteries to increase energy density and speed up charging. This will further fuel the Synthetic Graphite market.

Graphite itself is used for jet and rocket engine nozzles, and carbon/graphite vanes, impellers, and rotors transfer aviation fuel securely without the risks of producing sparks to ignite fuel. Synthetic graphite is thought to be better for higher-performance applications, such as electric automobiles. Synthetically engineered graphite and aerospace: a successful marriage of material science, metallurgy, physics, and aspirations.

View Full Report:

https://reports.valuates.com/market-reports/QYRE-Auto-18B4405/global-synthetic-graphite

SYNTHETIC GRAPHITE MARKET SHARE

The largest market is China, which has a share of around 25%, followed by the United States, which has a share of about 20%. Nearly all phases of the lithium-ion battery production chain are centered on China in terms of the final product. The market for lithium-ion batteries is by far the biggest and fastest expanding in China, which facilitates the market expansion of synthetic graphite.

With a share of roughly 35%, graphite electrodes are the market's largest subsegment. owing to its rising demand as a result of the qualities and advantages it has over other product categories. Compared to other synthetic graphite product types, graphite electrodes have higher stability, a lower coefficient of thermal expansion, and a stronger resilience to thermal shock.

In terms of application, the iron and steel industry ranks first, followed by the industries producing industrial components, batteries, aluminum, etc. Along with other raw materials like coal tar pitch and petroleum coke, synthetic graphite electrodes are primarily used in the production of steel.

Buy Regional Market Chapter On North America:

https://reports.valuates.com/market-reports/QYRE-Auto-18B4405/global-synthetic-graphite/7

Buy Regional Market chapter On Asia Pacific:

https://reports.valuates.com/market-reports/QYRE-Auto-18B4405/global-synthetic-graphite/9

Key Companies:

Buy Chapter On Company Profiles: https://reports.valuates.com/market-reports/QYRE-Auto-18B4405/global-synthetic-graphite/12

Buy Now for Single User + Covid-19 Impact :

https://reports.valuates.com/api/directpaytoken?rcode=QYRE-Auto-18B4405&lic=single-user

SUBSCRIPTION

We have introduced a tailor-made subscription for our customers. Please leave a note in the Comment Section to know about our subscription plans.

SIMILAR REPORTS:

- Graphite Paper Market

- Graphite Mine Market

- Expandable Graphite market

- Large Flake Graphite Market

- Spherical Graphite Market

- Amorphous Graphite market

- Graphite Sagger Market

- Special Graphite Market

- 3D Hot Bending Glass Graphite Mold Market

- Vein Graphite market

- Battery-Grade Graphite Market

- Graphite Reboiler Market

- Machined Graphite Market

- Graphite Rods Market

- Graphite Column Market

- Graphene Electronics Market

- Graphene Composites Market

- Battery Packaging Market

- Solid State Battery Market

- lithium-ion battery market

- Lithium-Ion Battery Separator market

- Zinc-Air Batteries market

- Lithium-ion Battery Recycling market

- Battery Separator market

- Military Battery market

- Industrial Batteries market

- Battery Management System (BMS) market

- Seawater Battery market

Click here to see related reports on Synthetic Graphite Market

ABOUT US:

Valuates offers in-depth market insights into various industries. Our extensive report repository is constantly updated to meet your changing industry analysis needs.

Our team of market analysts can help you select the best report covering your industry. We understand your niche region-specific requirements and that's why we offer customization of reports. With our customization in place, you can request any particular information from a report that meets your market analysis needs.

To achieve a consistent view of the market, data is gathered from various primary and secondary sources, at each step, data triangulation methodologies are applied to reduce deviance and find a consistent view of the market. Each sample we share contains a detailed research methodology employed to generate the report. Please also reach our sales team to get the complete list of our data sources.

CONTACT US:

Valuates Reports
[email protected]
For U.S. Toll-Free Call 1-(315)-215-3225
For IST Call +91-8040957137
WhatsApp: +91-9945648335
Website: https://reports.valuates.com
Twitter - https://twitter.com/valuatesreports
LinkedIn - https://in.linkedin.com/company/valuatesreports
Sitemap: https://reports.valuates.com/sitemap/html/reports