The global synthetic graphite market is projected to reach $2.5 billion by 2028, at a CAGR of 3.8% during 2023-2028. The growth of synthetic graphite market is driven by growing need for graphite in metallurgical applications, such as electrodes, refractories, bricks, and monolithic crucibles, and increasing usage of this graphite as an anode in the electric arc furnace (EAF) technology.
Some of the key questions answered in this exclusive report are:
Q.1 What are some of the
most promising, high-growth opportunities for the synthetic graphite market by product
type (graphite anode, graphite block, and others), application (metallurgy,
parts and components, batteries, nuclear, and others), and region (North
America, Europe, Asia Pacific, and the Rest of the World)?
Q.2 Which segments will
grow at a faster pace and why?
Q.3 What are the
business risks and threats to the synthetic graphite market?
Q.4 What are some
changing demands of customers in the synthetic graphite market?
Q.5 What are the new
developments in the synthetic graphite market? Which companies are leading
these developments?
Q.6 What strategic
initiatives are being implemented by key players for business growth?
Q.7 What are some of the
competitive products and processes in this synthetic graphite area and how big
of a threat do they pose for loss of market share via product substitution?
Q.8 What M&A activity has occurred in the last 5 years in this synthetic graphite market?
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Market Segmentation:
Based on product type,
the synthetic graphite market is segmented into graphite anode, graphite block,
and others. The graphite anode segment accounted for the largest share of the
market in 2023 and is expected to register the highest CAGR during the forecast
period, due to the expanding usage of these anodes to deliver low
irreversibility and resistance to the exfoliation process during the initial
load/discharge phase.
APAC will remain the
largest region due to the enormous demand for graphite across a range of end
use industries and presence of major graphite producers in the region.
Key Players in the
synthetic graphite market are Asbury Carbons, Beiterui New Material, Shanshan
Technology, Imerys Graphite and Carbon, and Mitsubishi Chemical.
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The report helps stakeholders understand the
pulse of the market and provides them with information on key drivers,
restraints, challenges, and opportunities for market growth. It would also help
to understand the competitors better and gain more insights to improve their
position in the business.
To read more about this market please click on
https://www.lucintel.com/synthetic-graphite-market.aspx
About
Lucintel
Lucintel,
the premier global management consulting and market research firm, creates
winning strategies for growth. It offers market assessments, competitive
analysis, opportunity
analysis, growth
consulting, M&A, and due diligence services to executives and
key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. 972.636.5056
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