by Flake graphite is a crystalline or amorphous allotrope of carbon extracted from metamorphic rock deposits. It possesses high electrical and thermal conductivity, non-reactive nature, and high strength which makes it ideal for battery, lubricant and refractory applications.
The global Flake Graphite Market is estimated to be valued at US$ 16.05 Bn or Mn 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 trends in the flake graphite market is increasing demand from lithium-ion battery applications. Graphite is a crucial material used as anode in lithium-ion batteries. Rapid growth of electric vehicles and focus on renewable energy is augmenting the demand for lithium-ion batteries, which in turn is promoting the growth of flake graphite market. Major vehicle manufacturers are investing heavily in electric mobility to reduce dependence on fossil fuels, which is expected to drive the flake graphite market during the forecast period.
SWOT Analysis
– Strength: Flake graphite has wide applications in metallurgy, refractory materials and lubricants. It acts as a dry lubricant and high-temperature resistant material.
– Weakness: Competition from substitute products like synthetic graphite. Depletion of natural flake graphite reserves over the years.
– Opportunity: Increasing application of flake graphite in lithium-ion batteries due to its high conductivity and capacity retention properties. Growing demand for electric vehicles globally.
– Threats: Trade restrictions by certain countries on graphite imports. Fluctuating raw material prices.
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 for lithium-ion batteries from the automotive industry.
Regional analysis
The Asia Pacific region dominated the global flake graphite market in 2023 with a share of over 30%, due to the presence of major graphite mines and easy availability of raw materials. China accounted for the largest demand for flake graphite due to significant industrial activity. North America and Europe are also expected to witness high growth in flake graphite consumption, driven by stringent emission norms leading to increased electric vehicle adoption.
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. Imerys and AMG accounted for nearly 20% of the global flake graphite supply in 2023. Graphite India Limited plans to increase its natural flake graphite production capacity to cater to the growing lithium-ion battery demand.
*Note:
1.Source: Coherent Market Insights, Public sources, Desk research
2.We have leveraged AI tools to mine information and compile it
