The annual growth rate of the country’s GDP was 6.6% in 2018, and 6.3% in 2019. The manufacturing capacity of the global lithium-ion battery market is expected to increase by four times, over its 2019 level, to reach around 1200 GWh in 2024. However, the batteries segment is expected to be the fastest-growing application over the next five years, and it is expected to the largest application by 2024. … Click here to read the latest graphite market update. Increasing investments in mining industry, rapid exploration of graphite mines across the globe; rising export and import of elements such as graphite owing to miscellaneous applications in automobile industries, rise in funding in automobile sector and steel refractories industry are some of the major key factors further trigger the demand for graphite in near future. The graphite space, said Miller, cannot be treated the same as a whole. The industry is characterized by the overcapacity of Chinese manufacturers. The graphite industry is fragmented in nature, with the presence of market players such as Showa Denko K.K., SGL Carbon SE, Graphite India Ltd., Graftech International Ltd., Tokai Carbon Co. Ltd., Syrah Resources Limited, Hitachi Chemicals Company Ltd., Qingdao Guangxing Electronic Materials Co. Ltd., and HEG Ltd. “Prices are expected to be relatively flat next year, but are forecast to rise in the longer term once demand picks back up,” she said. The global graphite market was valued at USD 14.3 Billion in 2019, and is … Graphite is an essential metal used in electric vehicle (EV) batteries, and as EV sales grow, market watchers believe demand for the metal will surge. Graphite Market - Growth, Trends, and Forecast (2020 - 2025). The demand for UHP electrodes in China is also expected to witness a significant growth in a long term, and an additional capacity of over 50 thousand metric tons of UHP graphite electrodes is likely to be witnessed in the later phases of the forecast period. Qingdao Guangxing Electronic Materials Co. Ltd. On the flipside, the development of substitute anode materials for lithium-ion batteries in high-end applications, stringent environmental regulations, and the impact of COVID-19 outbreak are expected to hinder the growth of the market studied. By selecting company or companies above, you are giving consent to receive communication from those companies using the contact information you provide. “Both natural and synthetic markets have been built around the demand from industrial applications, but what we’ve seen is a soft outlook from the industrial sector,” Miller said. The demand for lithium-ion batteries in China is expected to grow rapidly, owing to the growth in adoption of new energy vehicles (NEVs) and ESS for on-grid and off-grid applications. It is also expected to witness a considerable growth rate over the forecast period. The future for Graphene is incredibly diverse but some principle, high-ranking future applications are listed below: 1. The report covers all the major aspects of the graphite industry. Select 20, complete the request and then select again. In Asia-Pacific, China is the largest economy, in terms of GDP. If you want more than 20 investor kits, you need to make multiple requests. Additionally, almost all the end-user industries in the country have been growing, owing to the rising population, living standards, and per capita income. All Rights Reserved to Mordor Intelligence. 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Syrah Resources, which operates the Balama graphite project in Mozambique — the largest natural graphite project outside China — decided to reduce its output in September due to volatility in the market. “Prices have been lower than expected because of reduced demand from the battery market,” she added. The development of NEVs is further boosted by the mandates put forth by the government. AMG Advanced Metallurgical Group NV, Ceylon Graphite Corp., and Focus Graphite Inc. will emerge as major graphite market participants during 2020-2024 The graphite market is … The global graphite electrode market will reach US$ 15.3 billion in 2024. Graphite is a mineral of carbon used in various applications such as electrical vehicle, refractories, foundry, lubricating agent, construction applications, and others. In this regards, the country have been steadily increasing the number of plants using electric arc furnace for steel production. And remember you can unsubscribe at any time. Moreover, the COVD-19 pandemic is having a substantial economic impact, as the Chinese economy contracted by 6.8% for the first time in decades, in Q1 2020, as the virus forced factories and businesses to shut down. We are always looking to hire talented individuals with equal and extraordinary proportions of industry expertise, problem solving ability and inclination. All readers are encouraged to perform their own due diligence. Here, # CYL Founder Sasha Jacob discusses the future of graphite and the massive demand coming in from the energy storage side of electric vehicles. Another main trend in the graphite space during 2019 was the continued growth of value-added applications, in particular from the battery sector, Benchmark Mineral Intelligence Head of Price Assessment Andrew Miller told the Investing News Network. Global Graphite Market in US Market report offers some powerful overview and solution in the complex world to explore the market acceptance for a new entrant. The increasing demand for graphite, for its usage in lithium-ion batteries used in electric vehicles, consumer electronics, and other electricity storage applications, is expected to increase the demand for natural graphite. The global graphite market was valued at $14.3 billion in 2019, and is expected to reach $21.6 billion by 2027, registering a CAGR of 5.3% from 2020 to 2027. “As with many battery raw materials, graphite finds itself in a transition period where new capacity has been installed, but the real major changes in demand have not yet been felt,” he said. “Even though the foundations of this industry will remain strong, we believe the growth in this market will come from the value-added applications for graphite.”. This is further expected to increase the demand for natural graphite. ll these factors are expected to increase the demand for natural graphite, during the forecast period. Both synthetic graphite and natural graphite, in the form of the intermediate product spherical graphite, are used in the anodes of lithium-ion batteries. Speaking about anode material for batteries, Miller said the anode supply chain is often overlooked in the lithium-ion battery story, but significant investment will be needed to meet future demand growth. “This has resulted in a concern from investors and is expected to cause problems from all projects looking to develop outside of China through 2020,” Shaw said. Graphite Market in US market is giving the major share and projected to grow at compound annual growth rate (CAGR) of more than over xx% during forecast period 2020-2022. This type of graphite is useful in lithium-ion batteries. On the bright side, as of March 2020, China has lifted the lockdown and started various industrial operations in the country, while other countries are still aggressively engaged in lockdowns and medical treatments. Graphite trends 2019: Volatility dominates. The report offers detailed coverage of Isostatic Pressure Graphite industry and main market trends. The report offers a detailed analysis of the impact of the COVID-19 pandemic on the graphite market in optimistic, probable, and pessimistic forecast scenarios. According to Benchmark Mineral Intelligence, demand for graphite used as anode material in lithium ion batteries is set to increase by over 200% in the next four years as global cell production surges on the back of maturing pure electric vehicle demand and the inception of the utility storage market. Demand for natural graphite is also growing as it is finding increasing application in batteries and other segments. As of mid-2020, IMF predicted that China is likely to register a GDP growth of about 1.2% in 2020, which reflects a significant decline from 6.1% in 2019. Hence, supplier power is expected to be low over the forecast period. Benchmark forecasts the battery anode market – which is nearly exclusively served (9… Don’t forget to follow us @INN_Resource for real-time updates! Graphite, which has both metallic and non-metallic properties, has been used by humans for thousands of years and as technology progresses, its importance is growing. In 2019, this application accounted for about 45% of the natural graphite market. The opinions expressed in these interviews do not reflect the opinions of the Investing News Network and do not constitute investment advice. As a result, graphite prices have started to rise, particularly for graphite flake styles which are now commanding between $2,000 and $3,000 a ton depending on flake size. Interestingly, natural graphite is also processed into synthetic graphite. The current production capacity of UHP graphite electrodes in China is around 50 thousand metric ton per year. China is one of the fastest-growing economies, globally. Synthetic Graphite Market Size Current and Future Industry Trends, 2020-2025 Market Study Report Date: 2020-09-21 Science and environment Product ID: 2484355 Synthetic Graphite Market Research Report is a Proficient and In-Depth Study on the Existing State of Synthetic Graphite Industry. The manufacturing capacity of the global lithium-ion battery market is expected to increase by four times, over its 2019 level, to reach around 1200 GWh in 2024. Securities Disclosure: I, Priscila Barrera, hold no direct investment interest in any company mentioned in this article. Growing usage of graphite in green technologies and the popularity of graphene are projected to offer opportunities for the manufacturers over the forecast period. The graphite market is expected to grow by USD 4.34 billion during 2020-2024, according to Technavio. Graphite and TAMIN Minerals account for nearly 85% of the total production, while the remaining 15% is contributed by other small miners (Figure 3). “China imported more than 53,000 metric tons of natural graphite in the first three quarters of 2019 (mainly from Mozambique and Madagascar), compared to just 12,000 metric tons in the same period of 2018,” she said. LCD ‘Smart Windows’ 4. “In the longer term, what you see is that the graphite market, both natural and synthetic, isn’t set up for the type of demand batteries will be pushing in the next few years.”. “On the plus side, it leaves room for other potential (perhaps smaller) graphite projects to come online, and everyone is now watching Africa,” she said. The market is segmented by Type (Natural Graphite and Synthetic Graphite), Application (Electrodes, Refractories & Foundries, Batteries, Lubricants, and Other Applications), End-user Industry (Electronics, Metallurgy, Automotive, and Other End-user Industries), and Geography (Asia-Pacific, North America, Europe, South America, and Middle-East and Africa). The variation in products and processing channels is key in understanding the market. As the new year begins, there are key catalysts for investors interested in graphite to watch. This is expected to adversely impact the bargaining power of suppliers. https://bit.ly/37AtwX4 # StockMarket # StocksToWatch # CeylonGraphite Meanwhile, Shaw said, the cut in EV incentives in China early on in 2019 had a big impact, reducing demand in Q2. For those outside of China, the Syrah rollback has been the biggest news in the graphite sector, as it has affected everyone looking to get into the market. 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