Global Expanded Graphite Market was valued US$ XX Mn. in 2019 and is expected to grow around US$ 440 Mn. by 2027, at a CAGR of XX% during the forecast period.
Global Expanded Graphite Market
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Global Expanded Graphite Market Definition:
Expanded graphite, also known as expandable flake, or intumescent flake graphite, is a type of intercalated graphite, which expands when heated. Expanded graphite is manufactured by treating flake graphite with diverse intercalation reagents, like acids, which are expected to move between the graphite layers in the presence of heat.
Expandable graphite has numerous unique properties, like high corrosion resistance, heat resistance, radiation resistance, compression resilience, and softness.
Global Expanded Graphite Market Drivers:
Demand for consumer electronic goods, like laptops, smartphones, and tablets is rising at a substantial pace. The markets who are driving the expandable graphite are also analyzed in the report to make the same comprehensive. These electronic devices employ graphite foils manufactured from expanded graphite. Graphite foils have excellent electric and thermal conductivity, hence, they dissipate heat from crucial electronic components and protect them from any damage.
Chinese and South Korean governments are recommending the use of flame retardant building materials in future building construction, driving strong demand for expandable graphite. The market for flame retardant building materials is growing rapidly from a small, specialized sector.
Increasing bans on hazardous fire-resistant materials, such as brominated or asbestos-based fire-resistant materials in buildings, gaskets, and other products that require fire-resistant materials are expected to provide new opportunities to the expanded graphite market. Numerous countries have banned the manufacture of these hazardous fire-resistant materials, due to their ill-effects on the environment and human health & life. These bans are expected to provide a significant opportunity for non-toxic and high fire-resistant expanded graphite in the future.
However, a limited supply of expanded graphite can be proved to be a one of the key restraints for the market. China, which is considered to be a prominent producer of expanded graphite, is facing a hard time in maintaining production, due to environmental regulations imposed by the government on graphite mining. Several graphite mines in China have been shut down due to poor management of acid treatment water. This supply disruption has fueled the prices of expanded graphite by approximately 20% in the last few years. Limited supply and rising prices are expected to restraint the market.
Global Expanded Graphite Market Segmentation:
By End-user, construction is expected to the largest market share of the global market, because of increasing concern towards the fire safety and energy efficiency in residential and commercial buildings.
Region-wise, Asia Pacific will remain the largest region and it is also expected to witness the highest growth over the forecast period, thanks to the increasing adaption of expandable graphite in the material processing applications and growth of the electronics and automotive industries in the region, mainly in China. The region is the global leader in the production of expanded graphite and in graphite mining output. Also, the market in the region is expected to grow at a significant pace during the forecast period, primarily because of the rise in demand for expanded graphite in emerging countries in the region, mainly in China and India.
The objective of the report is to present a comprehensive analysis of the Global Expanded Graphite Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.
The report also helps in understanding Global Expanded Graphite Market dynamics, structure by analyzing the market segments and project the Global Expanded Graphite Market size. Clear representation of competitive analysis of key players by type, price, financial position, product portfolio, growth strategies, and regional presence in the Global Expanded Graphite Market make the report investor’s guide.
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Global Expanded Graphite Market, By Form
Global Expanded Graphite Market, By End-user
• Chemicals and Petrochemicals
• Energy Storage
Global Expanded Graphite Market, By Region
• North America
• Asia Pacific
• Middle East & Africa
• South America
Key players operating in the Global Expanded Graphite Market
• GrafTech International
• Nippon Kokuen Group
• Yichang Xincheng Graphite Co., Ltd.
• Nacional De Grafite
• Asbury Carbons
• Triton Minerals
• SGL Group
• NeoGraf Solutions
• Shijiazhuang ADT Carbonic Material Factory
• ACS Material, LLC
• LKAB Minerals AB
• Graphex Mining Limited
• Qingdao Braide Graphite Co. Ltd.
• HP Materials Solutions, Inc (HPMS).
• AMG Mining AG
• Durrans Group
• Qingdao Jinhui Graphite Co. Ltd.
• Sanyo Corporation
• Xuzhou Jinxing Graphite Material Co., Ltd.
• Qingdao Black Dragon Graphite Group
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