Pune, May 30, 2023 (GLOBE NEWSWIRE) -- A global Material & Chemical research and business-consulting firm, Maximize Market Research, has published a market intelligence report on the “Natural Graphite Market”. The report is a combination of primary data and secondary data, and domain experts have analysed the Natural Graphite Market from a local as well as a global point of view. Over the forecast period, Maximize Market research expects the market to grow from USD 15.5 Bn in 2022 to USD 24.7 Bn in 2029 at a CAGR of 6.4 percent.

Natural Graphite Market Report Scope and Research Methodology

Market Size in 2022USD 15.5 Bn.
Market Size in 2029USD 24.7 Bn.
CAGR6.4 percent (2023-2029)
Forecast Period2023-2029
Base Year2022
Number of Pages276
No. of Tables116
No. of Charts and Figures114
Segment CoveredType, Application, Mineralogy, Color, Moh Hardness, Source, Properties, and End-Uses
Regional ScopeNorth America, Europe, Asia Pacific, Middle East and Africa, South America
Report CoverageMarket Share, Size & Forecast by Revenue | 2022−2029, Market Dynamics, Growth Drivers, Restraints, Investment Opportunities, and Key Trends, Competitive Landscape, Key Players Benchmarking, Competitive Analysis, MMR Competition Matrix, Competitive Leadership Mapping, Global Key Players’ Market Ranking Analysis.

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The report provides a detailed analysis of the data through segments: Type, Application, Mineralogy, Color, Moh Hardness, Source, Properties, and End-Uses and their multiple sub-segments. The bottom-up approach is used to estimate the size of the Natural Graphite Market by value. The report involves investment feasibility, growth drivers, opportunities, and competitive landscape in major geographic regions such as North America, Asia Pacific, Europe, the Middle East and Africa, and South America. The report analyses the Natural Graphite Key Competitors through their market size and share, mergers and acquisitions, and collaborations happening in the market. The report helps new and existing Natural Graphite Market Key Players develop their strategies based on competitive benchmarking included in the report. The data has been collected through primary and secondary research methods. Primary data were gathered from interviews with market leaders and opinions from senior research analysts. Whereas, secondary data were collected from annual reports from the organizations and public records. The Natural Graphite Market data were later analyzed by SWOT analysis, PORTER’s five force model, and PESTLE analysis.

Natural Graphite Market Overview

Natural graphite is a mineral composed of graphitic carbon. It varies considerably in crystallinity. Most of the commercial (natural) graphite is mined and typically contains other minerals. Increased demand for electronics is the prime factor driving the Natural Graphite Market. Continuous improvements and advancements in Natural Graphite Market are lucrative opportunities for new market entrants. The mining and processing of natural graphite have significant environmental impacts, such as deforestation, soil erosion, and water pollution and the price of natural graphite is volatile and is expected to limit the growth of the natural graphite market. Recently, Syrah Resources. launched a new, anode material product for the lithium-ion battery market and signed an agreement with Qingdao Taida-Huarun New Energy Technology Co. Ltd. to supply natural graphite for the production of lithium-ion batteries.

Natural Graphite Market Dynamics

With the increasing demand for Electric vehicles, the use of graphite in the production of lithium-ion batteries is expected to boost market growth. Renewable energy storage systems are increasing day by day. Lithium-ion batteries are a popular choice for the storage of energy, which requires a large number of natural graphite. Growing demand for Natural graphite in the steel industry in developing countries is expected to fuel the Natural Graphite market growth. These Graphites are widely used in the aerospace industry for the production of lightweight composites used in aircraft, which is expected to boost the Natural Graphite industry’s growth. In addition, natural graphite is used as conductors in electronic devices such as smartphones and laptops. Technological advancement in the development of natural graphite with increased efficiency and lower production cost is expected to influence market growth.

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Natural Graphite Market Regional Insights

The Asia Pacific region dominated the Natural Graphite market in 2022 and is expected to continue the dominance over the forecast period. China is the largest producer of natural graphite with its major use in steel, refractory, and battery-making industries. The European market is the second largest market for producing natural graphite. Germany, France, and the UK are the largest markets for natural graphite. Increased demand for natural graphite in the automotive, aerospace, and energy storage industries is expected to boost the natural graphite market growth.

Natural Graphite Market Segmentation

By Type:

A Flake Graphite is a widely used form of graphite due to a graphite flake is a naturally occurring type of graphite mineral consisting of carbon that has a distinctly flaky morphology and is typically found as discrete flakes. This type of graphite corrodes faster than other forms. Graphite flakes are used as an additive in lubricants and fire-retardant coatings.

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By Mineralogy:

By Color:

By Moh Hardness:

By Source:

By Properties:

By End-Uses:

By Application:

Natural Graphite Key Competitors include:

GrafTech International produces graphite for steel, automotive, and aerospace industries. In 2020, the company announced the acquisition of the U.S. business of C/G Electrodes LLC, a manufacturer of graphite electrodes used in the steel industry.

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Key questions answered in the Natural Graphite Market are:

Key Offerings:

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About Maximize Market Research:

Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.