Electric Vehicles Segment Is Fastest Growing Segment Fueling The Growth Of Flake Graphite Market

 

Flake graphite is a naturally occurring crystalline allotrope of carbon extracted primarily from China, Brazil and India. It is a soft material and a good conductor of heat and electricity. It is chemically inert and thermally highly stable under a wide range of temperatures making it suitable for high-temperature furnaces and metallurgy.

The global Flake Graphite Market is estimated to be valued at US$ 16.05 Bn in 2023 and is expected to exhibit a CAGR of 8.2% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.


Market key trends:
One of the key trend driving the growth of the Flake Graphite Market is its increasing use in lithium-ion batteries for electric vehicles. Graphite plays a vital role as an anode material in lithium-ion batteries. With the rising adoption of electric vehicles worldwide owing to stringent regulations to curb carbon emissions, the demand for lithium-ion batteries and hence flake graphite is expected to significantly grow over the forecast period. Increasing research and development activities for novel applications of flake graphite in advancing battery technologies will further support the market growth.
Segment Analysis

The global flake graphite market is segmented by application into refractories, batteries, foundry, lubricants, and others. The refractories segment accounts for the largest share in the global flake graphite market. Flake graphite possess various properties like high stability at very high temperatures, chemical inertness, and good thermal conductivity which makes it an ideal material for refractory applications. Further, increasing steel production also supplements the demand for flake graphite in refractories.

Key Takeaways

The global flake graphite market is expected to witness high growth, exhibiting CAGR of 8.2% over the forecast period, due to increasing demand from refractories and lithium-ion batteries.

Regional analysis:

China dominates the global flake graphite market with more than 50% share, owing to abundant availability of raw materials and presence of key manufacturers. Europe and North America are other major markets for flake graphite. Further, regions like India and Southeast Asia are projected to witness fastest growth in the coming years backed by surging industrial growth.

Key players:

Key players operating in the flake graphite market are AMG, Asbury Carbons, Eagle Graphite, EPM Group, Grafitbergbau Kaisersberg GmbH, Graphite India Limited (GIL), Imerys, and Nacional de Grafite. AMG and Grafite India Limited are the leading players based on production capacity and volume sales.

The global flake graphite market is expected to witness high growth, exhibiting CAGR of 8.2% over the forecast period 2023 to 2030, due to increasing demand from refractories and lithium-ion batteries. The global flake graphite market size for 2023 is US$ 16.05 billion. China dominates the global market with more than 50% share backed by abundant raw material availability and presence of major players. Key players in the market are AMG, Asbury Carbons, Eagle Graphite, EPM Group, Grafitbergbau Kaisersberg GmbH, Graphite India Limited (GIL), Imerys, and Nacional de Grafite.

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