Global Market Study on Graphite: Size, Share, Trend Analysis, 2020

Global Market Study on Graphite: Battery Segment To Witness

Highest Growth by 2020

Persistence Market Research

Global Graphite Market Will Reach US$

17.56 Billion in terms of value and 4.48

Million Tons in terms of volume, in 2020 Persistence Market Research

Persistence Market Research

1

Global Market Study on Graphite: Battery Segment To Witness

Highest Growth by 2020

Persistence Market Research Released New Market Report “Global Market Study on

Graphite: Battery Segment To Witness Highest Growth by 2020”, the global graphite

market was valued at USD 13.62 billion in 2013 and is expected to grow at a CAGR of 3.7%

from 2014 to 2020, to reach USD 17.56 billion in 2020.

Request Sample Report: http://www.persistencemarketresearch.com/samples/3367

Increasing use of graphite in the automotive and battery industries is the major factor driving the demand

for graphite. Graphite is an important material used in gaskets, clutch materials, motors, exhaust systems,

and cylinder heads. In the past, asbestos was the main component of linings and disk brake pads.

Graphite, with benefits such as low-noise braking, makes a good replacement for asbestos in brake pads.

Moreover, it is an important element in the manufature of ultra-lightweight carbon-fiber reinforced plastic

(CFRP). Traditionally, CFRP was mainly used in the aerospace and Formula One car industries.

However, CFRP is now gaining popularity in the passenger car industry due to its light weight. This, in

turn, helps reduce fuel consumption and CO2 emissions.

Asia Pacific is the largest market for graphite globally. Rise of technologically advanced applications of

graphite in pebble-bed nuclear reactors, fuel cells, solar power systems, and automotive and aerospace

industries is driving the graphite market in the Asia Pacific region. China and India are the major markets

for graphite in the region. Rising demand for steel and other metals has increased the demand for

graphite electrodes in Asia Pacific. This,...