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Global graphite market: 6% CAGR growth expected between 2012-2016
Global Graphite Market 2012-2016 - a new market research report on 2014-04-28 00:54:01
The Global Graphite market is to grow at a CAGR of 5.52 percent over the period 2012-2016. One of the key factors contributing to this market growth is the increasing use of graphite in batteries. The Global Graphite market has also been witnessing an increasing production of synthetic graphite. However, the increasing demand-supply gap could pose a challenge to the growth of this market.

Graphene is an allotrope of carbon, which is a very thin but strong material. It is much stronger than steel and is a super conductor. One of the applications of graphene is high speed quantum computers. The demand for graphene is increasing tremendously worldwide. There are numerous researches done in many parts of the world to know the uses and applications of graphene. As a result, the demand for graphite is expected to increase significantly during the forecast period. This is expected to support the growth of the Global Graphite market.

One of the major drivers in the market is the increasing use of graphite in batteries. As graphite is a good conductor, the use of graphite in batteries is increasing. Further, the increase in demand of Li-ion batteries is contributing to the growing demand for graphite. As Li-ion batteries are used in electric vehicles, its production is expected to increase significantly and hence, the demand for graphite is expected to increase during the forecast period.

Further, the report states that a major challenge is the restrictions imposed by governments across the globe, leading to a decrease in production.

The key vendors dominating this space include Bogala Graphite Lanka plc, China Carbon Graphite Group Inc., Focus Graphite Inc., Graphite India Ltd., MEGA Graphite Inc., National Graphite Corp., and Ontario Graphite Ltd. The other vendors mentioned in this report are Galaxy Graphite Corp., Graphite Corp., Mansion Graphite Corp., and Standard Graphite Corp.

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