The Global Graphite Market - A Snapshot of the Trends Across Key Regions

By -
Graphite has emerged to become an inextricable component of batteries. Interestingly, the battery industry itself is in the middle of an evident change. As more communities are focusing on ways to go off the grid, battery technology has been catapulted into center stage. With this, the global graphite market is witnessing unique growth trends and prospects in each region of the world.

Browse the full Global Graphite Market Report: http://www.mrrse.com/graphite-market
 
According to the estimates of Persistence Market Research, a leading business intelligence company, the global graphite market will soar to US$ 17.56 billion by value and in terms of volume, it will stand at 4.48 million tons in 2020. Here are the regional trends, growth drivers, and restraints that will have a bearing on these estimated figures:

Asia Pacific Remains Graphite Powerhouse

Currently, Asia Pacific holds the distinction of being the largest graphite market in the world. There is no dearth of drivers for the graphite market in the APAC region. Some of the main drivers are: An increased demand for graphite in the burgeoning pebble-bed nuclear reactors, need for graphite as an enabler in several technologically-advanced electronic applications, the strong growth in the solar power industry, a palpable emphasis on fuel cells technology, as well as the promising growth demonstrated by the aerospace and automotive industry. Within Asia Pacific, China and India are the two leading graphite markets. Demand for graphite is expected to remain strong in the Asia Pacific region with the notable expansion of the steel and metals industry, which has led to more graphite electrodes being demanded in the APAC region.

China is the undisputed leader in the global graphite market. The country produces over 70% all graphite worldwide. Chinese authorities have been stressing on the promotion of battery-powered electric vehicles and according to the 12th Five-Year Plan in China, the target is to bring at least 5 million such vehicles on Chinese roads by 2020. Taking these factors into view, the demand for graphite will continue to soar in the Asia Pacific region.

North America Graphite Market to Show Exceptional Demand for Graphite

According to the estimates of recent analyses, the sales of plug-in EVs is expected to demonstrate a 30.0% CAGR between 2012 and 2020. This will prove to be the biggest driver for the graphite market in the North American region. Simultaneously, the demand for electronics such as tablets and smartphones is expected to show growth from 9.7 million as of 2010 to about 40.6 million in 2013. Because these gadgets make use of lithium-ion batteries, the demand for graphite in the North America electronics industry will remain promising. Like China, the U.S. too, is promoting the use of EVs. This will bode well for the graphite market in the larger North America market.

Request a Sample Copy of the Report @ http://www.mrrse.com/sample/161
 
Europe’s Gradually-Accelerating Automotive Industry to Stimulate Demand for Graphite

The automotive industry in Europe is picking up after a period of slump. This will augur well for the graphite market in Europe. Graphite will be consumed in higher quantities for producing low-weight carbon fiber, especially by automotive and aerospace companies.

In Europe, the stringent green regulations will also promote the uptake of graphite as it regarded as being a key technology for greening initiatives. In Europe, graphite will be predominantly consumed for applications such as photovoltaics, storage, electronics products, and more.

Comments

Post a Comment

Popular posts from this blog

New reports Acetone Market Global Industry Analysis and Opportunity Assessment, 2014 – 2020

By -
Image
Research Reports Search Engine (MRRSE) announces the addition of a new report titled ‘ Acetone Market: Global Industry Analysis and Opportunity Assessment, 2014–2020’ to its database. The report finds that global acetone consumption stood at 5.9 million tonnes in 2014, and is poised to grow at a meager 3% CAGR from 2014 to 2020 to reach a little over 7.21 million tonnes by 2020. The report has been published by Future Market Insights (FMI). Global Acetone Market Analysis Forecast: The key drivers identified by the study are: The chemical sector’s dependence on acetone as a solvent, the use of acetone as a chemical in several processes, and the escalating use of BPA in the global automobile sector. On the other hand, the report warns that hurdles such as increasingly stringent government mandates for the chemical industry and the growing acceptance of bio-based acetone will restrict growth to some degree. In order to offer highly detailed insights into various face
Read more

Global Industrial Logistics Robots Market Shares, Status, Opportunities, Market Forecasts, 2014 to 2020

By -
The main benefits of incorporating industrial logistics robots are doing tasks that people cannot or will not perform, minimizing cost of labor, reducing the frequency as well as severity of injuries to workers, enabling processes that are speedier, more efficient, and organized, minimizing product damage, avoiding duplication, and mitigating loss arising from theft. To Get Browse Full Report with TOC: http://www.mrrse.com/reports/industrial-logistics-robots-market Developing industrial logistics robots is a rather tedious process that requires high capital and this often results in the postponement of investment. Achieving this feat is the biggest challenge at the moment. Logistics robots need to be customized according to the needs of a specific industry and this renders the process even more expensive. Another challenge that arises from the technological shift is the task of training new and existing staff to be able to handle and use these new systems. Logistic rob
Read more

Digital Transformation in Healthcare Spurred by Growing Popularity of mHealth Services

By -
Image
Digital transformation has had a revolutionary impact on almost every sphere of operation: manufacturing, retail, public sector, and banking, financial services, and insurance. However, when it comes to the healthcare industry, digital transformation is termed as a game changer. Widespread Usage of Digital Transformation in Healthcare Digital health has crept into every discipline of medicine, healthcare, and pharmaceuticals. Digital health platforms are being used across hospitals, clinics, and nursing homes in the form of mobile health apps, wireless solutions, and telehealth. These platforms are being implemented not only for remote monitoring of chronic diseases among patients, but also to access electronic personal health and medical records via mobiles and broadband services. The thriving mHealth market is a classic example of digital transformation in the healthcare sector. Browse the full Global Digital Transformation Market Report:  http://www.mrrse.com/dig
Read more