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Global Graphite Market Analysis

  • Date Submitted: 09/09/2015 03:08 AM
  • Flesch-Kincaid Score: 41.7 
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The global graphite market was valued at $15.06 billion in 2014 and it is expected to grow at a CAGR of 4.0% during the period 2015 - 2020. Based on form, the synthetic graphite segment hold the larger share, with $13.64 billion value, of the total market in 2014; and it is expected to reach $17.14 billion in 2020, at a CAGR of 3.9% for the period 2015-2020. By geography, the Asia-Pacific graphite market (largest market in 2014) increased by 4% CAGR during 2011-2014 to reach $10.19 billion in 2014 in terms of value. Based on application, the electrode industry holds the largest share of overall market in 2014. Some of the major drivers behind the growing demand for graphite electrode in the Asia-Pacific market include increasing demand for steel.
Explore More About Global Graphite Market: https://www.psmarketresearch.com/market-analysis/graphite-market
The information and data in the publication “Global Graphite Market Size, Share, Development, Growth and Demand Forecast to 2020” represent the research and analysis of data from various primary and secondary sources. Top-down approach has been used to calculate the global graphite market by form and by application. The market numbers for regions are also derived through top-down approach. P&S Market Research analysts and consultants interacted with leading companies of the domain to substantiate every single data presented in this report. “We base our primary research on discussions with prominent professionals and analysts in the industry, aided by informed and detailed online and offline research.”
In recent years, the demand for lithium-ion battery has increased significantly due to the increasing use of electronic gadgets such as cameras, laptops, mobile phones, and tablets globally.   Additionally, increase in electric vehicles ownership is anticipated to propel the lithium-ion market. This, in turn is anticipated to propel the demand for graphite.  
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