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The global graphite market size was USD 13.60 billion in 2020. Based on our research, the global market displayed a massive decline of 1.23% in 2020. The market is projected to grow from USD 14.83 billion in 2021 to USD 25.70 billion in 2028 at a CAGR of 8.2% during the 2021-2028 period. This information is provided by Fortune Business Insights™ in its report titled, “Graphite Market, 2021-2028.” The increasing demand is based on the factors such as it combines metallic and non-metallic, making it perfect for a varied range of industrial applications. It is a great conductor of electricity and heat, incomparable thermal steadiness, and lubricity. This is projected to bolster market growth in the foreseeable future.

Report Coverage

We have employed an exclusive research method that coversstatistics triangulation based on the well-known bottom-up and top-down tactics. Our analysts have presented detailed primary research to authenticate the projected size of this market. The data applied to represent the shares for multiple segments at the national, regional, and global levels is excavated from wide-ranging interviews with various investors. Our researchers have also derived data from paid records, industry journals, SEC filings, and many other similar sources.

Segmentation

By product, the market is divided into synthetic and natural. In terms of region, the market is globally segregated into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.

Based on application, the market is categorized into refractories, foundries, batteries, friction products, lubricants, and others. The speedy industrial expansion and augmented demand for this native mineral from industries such as automobile, construction, aerospace, and metal production, among others, is responsible for the development of the refractories segment. It held a significant market share of 43.4% in 2020, while the U.S. earned 31.6%.

Drivers and Restraints

Increasing Usage of Lithium-ion in Manufacturing Automobile Batteries to Promote Growth

Lithium-ion batteries utilize graphite in the manufacturing process in the automotive sector, which are further used as alternatives to fuel in the new-generation electric vehicles and to augment energy density while decreasing charging periods. Graphite-carbon black additives in hybrid vehicles upsurge the electrical conductivity, lifecycle, and control approval of modern lead-acid batteries utilized in vehicles with start-stop roles and brake energy retrieval, as well as micro-hybrid cars. It is also used to create thermal conducting polymers that are extensively being used to substitute metal in the manufacturing of automobile parts. It is expected that the demand will rise in the near future as anode content usage of lithium-ion batteries magnifies along with the implementation of electric vehicles and lithium-ion battery uses. This is expected to bolster graphite market growth in the foreseeable future.

Regional Insights

Asia Pacific to Ace the Market in Long Run Backed by Supremacy in Automobile Production

The market in Asia Pacific was worth USD 8.24 billion in 2020. Asia Pacific dominated the graphite market share of 60.6% in 2020 and is anticipated to continue its supremacy during the forecast period. Augmented demand for conductors, graphite electrodes, and batteries, along with carbon fibre protected plastic, is projected to stimulate market growth.

Europe holds the second-largest share in the global market. Rising demand for lithium-ion batteries and several other electrical devices that contains graphite from European countries is assessed to reinforce demand. The renowned automotive industry in leading countries such as Germany and the U.K. are now concentrating on producing EVs that are driven by Li-ion batteries that demand this mineral.

North America is expected to showcase decent growth owing to the factor that Canada is one of the major producing regions. Moreover, the increased demand for the product and battery-powered appliances from numerous end-use sectors such as electronics, defense, aerospace, automobile, and others is likely to spike the regional growth.

Competitive Landscape

New Acquisitions by Key Players to Bolster Market Growth

Prominent players in the market are always planning strategies to expand their business successfully and to maintain their leading position in the market. One such strategy is launching products for better reach among end-users.

As every day passed, numerous chief players are establishing collaborations with companies from different as well as the same domain in order to magnify their businesses and develop technologically innovative products for their customers.

For example, in February 2021, a key player, Saint Jean Carbon, announced that the company had signed a letter of intent with vendors to attain all of the issues as well as the outstanding shares of a private firm based in Ontario which is involved in the R&D of solid-state batteries, known as Solid Ultrabattery Inc.

Industry Development

May 2019: Gratomic Inc. announced its first Graphene from Gratomic Graphite derivative product. Graphene-triggered conductive inks and pastes are prepared from Gratomic graphenes removed from graphite mined at the Aukum Mine in Namibia.

List of Key Players Covered in the Report

AMG (Hauzenberg, Germany)
Asbury Carbons (New Jersey, U.S.)
Eagle Graphite (Canada)
EPM Group (Moscow, Russia)
Grafitbergbau Kaisersberg GmbH (Kaisersberg, Austria)
Graphite India Limited (GIL) (India)
Imerys (Paris, France)
Nacional de Grafite (Brazil)
SGL Carbon (Wiesbaden, Germany)
Other Key Players
Browse Complete Report Summary:

https://www.fortunebusinessins....ights.com/graphite-m

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The global aramid fiber market size is projected to reach USD 7,243.3 million by the end of 2027. The presence of several large-scale companies will contribute to the growth of the market in the coming years. According to a report published by Fortune Business Insights, the market was worth USD 4,522.6 million in 2019 and will exhibit a CAGR of 6.5% during the forecast period, 2020-2027.

Information source: https://www.fortunebusinessins....ights.com/aramid-fib

Aramid fibers are widely used across diverse industry applications, mainly due to their exceptional physical properties. The product is characterized by mechanical strength and excellent resistance to external factors including pressure and humidity. As this is a manmade fiber, availability is not an issue. The increasing demand for the product has led to the presence of several large scale manufacturing units across the world. The presence of several large scale manufacturers will have a direct impact on the growth of the overall market in the forthcoming years. Besides this, properties such as low flammability and good fabric integrity will contribute to the growing adoption of these fibers across diverse industry verticals in several countries.

Increasing Number of Product Innovations will Emerge in Favor of Market Growth
The report encompasses several factors that have contributed to the growth of the overall market in recent years. Accounting to the increasing demand for the product, there is healthy market competition across the world. Among all factors, the increasing number of product innovations has had the highest impact on the growth of the overall aramid fiber market in recent years. In September 2018, Snow Peak announced the launch of a new product through the integration of aramid fiber. The company introduced a new material fabric that is directed for use in outdoor apparel. The applications of aramid fiber are not limited to a single domain and this has been a major contributor to market growth. The increasing number of such product innovations will have a huge impact on the growth of the overall market in the forthcoming years.

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