According to the recent study the graphite foil market is projected to reach an estimated $1.6 billion by 2028 from $1.1 billion in 2023, at a CAGR of 7.6% from 2023 to 2028. Growth in this market is primarily driven by increasing demand for lightweight and high-strength materials in the automotive and aerospace industries along with rising investments by key players in research & development (R&D) activities to introduce new products and technologies across the globe.
A more than 150–page
report is developed to understand trends, opportunities and forecast in
graphite foil market by type (98% carbon, 99% carbon, 99.9% carbon, 99.95%
carbon, and 99.99% carbon), application (automotive, petroleum, chemicals,
nuclear industries, fuel cell industry, and others), and region (North America,
Europe, Asia Pacific, and the Rest of the World).
“98% carbon market is expected to remain the largest segment
during the forecast period.”
Based on type, the
graphite foil market is segmented into 98% carbon, 99% carbon, 99.9% carbon,
99.95% carbon, and 99.99% carbon. Lucintel forecasts that the 98% carbon market
is expected to remain the largest segment because of its high purity levels and
superior properties, it is used in the production of graphene.
“Within the graphite foil market, the automotive segment is
expected to remain the largest application.”
Based on application the
automotive segment is expected to witness the highest growth over the forecast
period due to its increasing application in the production of lithium-ion
batteries, fuel cells, and supercapacitors owing to its properties that include
high thermal conductivity, low electrical conductivity, and high strength
against corrosion and wear & tear.
“Asia pacific will dominate the graphite foil market in near
future.”
APAC will remain the
highest growing region over the forecast period due to significant growth in
the automotive industry, increasing nuclear power sector in China and India,
and favorable government regulations focusing on promoting domestic
manufacturing output in the region.
Major players of
graphite foil market are adopting various growth strategies like new product
launches, expansions, merger and acquisitions, partnerships, agreements, and
collaborations to expand their presence in this market. American Elements, HP
Materials Solutions, CGT Carbon, Jiangxi Dasen Technology, UNICHIMTEK, Gee
Graphite, GES-AGM, CARRARA, SPETECH, Henning Gasket & Seals, and Kryotherm
are among the major graphite foil providers.
This unique research
report will enable you to make confident business decisions in this globally
competitive marketplace. For a detailed table of contents, contact Lucintel at
+1-972-636-5056 or write us at helpdesk@lucintel.com.
About Lucintel
At Lucintel, we offer solutions for
you growth through game changer ideas and robust market &
unmet needs analysis. We are based in
Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20
years. We are quoted in several publications like the Wall Street Journal,
ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. 972.636.5056
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