Flake Graphite Market Growth Accelerated by Increased Applications of Flake Graphite

 

Flake graphite, which is also known as crystalline flake graphite or natural flake graphite, is a naturally occurring material made up of crystalline graphite flakes. It is an extremely conductive form of carbon used in various commercial and industrial applications such as refractories, foundries, lubricants, coatings, friction products, and batteries. Flake graphite provides advantages such as resistance to heat & corrosion, self-lubricating properties, conductivity as well as being lightweight. Rapid growth in lithium-ion battery demand on account of rise in electric vehicles has substantially increased consumption of flake graphite as anode material in recent years. The global Flake Graphite Market is estimated to be valued at US$ 16.05 Bn in 2024 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:
 The adoption of flake graphite in the lithium-ion battery industry has accelerated significantly over the past decade. The booming EV industry has substantially propelled the demand for lithium-ion batteries which has directly created robust demand opportunities for natural flake graphite. According to research, a lithium-ion battery used in electric vehicles contains nearly 30 kg of flake graphite. With governments across nations promoting electric vehicle usage through incentives and mandates, EV sales are expected to skyrocket over the next 8 years, ensuring continued strong growth in consumption of flake graphite.

Segment Analysis
The global flake graphite market is dominated by the mining segment that accounts for over 50% share of the total market revenue. The mining segment dominates as flake graphite is primarily used in refractories that require high-quality flake graphite. Refractories is the leading application sector and consumes around 60% of the total flake graphite produced worldwide. Other major application areas include batteries, lubricants & powder metallurgy.

Key Takeaways
The global flake graphite market is expected to witness high growth over the forecast period of 2023 to 2030.

Regional analysis: The Asia Pacific region currently holds the largest share of the global flake graphite market and is expected to remain the fastest growing regional market during the forecast period. China accounts for more than 75% of the global flake graphite production.

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.

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