Artificial Graphite Market Segmentation, Parameters and Prospects 2019 to 2025 Market Research Report

Global Artificial Graphite Industry

New Study On “Global Artificial Graphite Market 2019 Industry Analysis, Segment & Forecast Up to 2025” Added to Wise Guy Reports Database

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Overview

The Synthetic or Artificial Graphite Market is expected to exceed more than 25 Billion USD by 2024 at a CAGR of 4%. There is an increase in the use of graphite to produce wind energy. Lithium-ion batteries and fuel cells are also in great demand, which spurs the artificial graphite market growth. The Government in various countries is promoting the use of electric vehicles, and also incentives are granted to the buyers of electric vehicles. Such a revolution in the vehicular industry will use graphite.

Artificial Graphite is also known as Synthetic Graphite. Graphite is the most used metal. From manufacturing a pencil with graphite lead to using it as lubricants, graphite is used almost everywhere. It is a metal and can also conduct electricity, but it also acts as a nonmetal and resists electricity. It is anti-corrosive. It is used to prepare steel, glass and in processing iron. It is also used in automobiles as brake liner. It is used as a substitute for asbestos. Apart from it being utilized as a metal and a lubricant, it is also used to produce lithium batteries. The Lithium-ion batteries have a lithium cathode and a graphite anode. The new emerged graphene technology is also derived from graphite. It is a hundred times stronger than steel, but it is also ten times lighter in weight. It can also be used to make a medical implant and aircraft parts. The presence of graphite makes it light and super strong.

Market Segments

The Global Artificial Graphite Market is bifurcated into Graphite Powder, Isotropic Graphite, Graphite Electrode, Carbon Fiber, and Others Based on artificial graphite type. The segment based on the application can be divided into Lubricants, Nuclear Energy, Solar Panels, Metal Manufacturing, Batteries, and Others. The third segment based on End-Users are industries such as Nuclear, Electronic, Metal, Aerospace & Automotive, and Other industries.

Artificial Graphite is a material which is formed by way of graphitizing of non-graphitic carbon by decomposition of thermally unstable carbides by CVD from hydrocarbons heating it to a temperature of about 2500K. In simple terms or layman language, it is made by processing amorphous carbon at an extremely high temperature. Carbon is a pre-requisite for obtaining artificial graphite. The reason behind having carbon element as a key ingredient is that it is an absolute pre-requisite and graphite is a form of carbon which no other element can produce.

Petrol residue is also used to prepare artificial graphite. This is a residue that is left after petroleum residue has been coked. Coking is a process used to extract last drops of any useful component after the petroleum is refined. The residue is then converted to coke. Thus, coke as it principally contains carbon can be used to prepare artificial graphite.

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