Global Graphite Market Will Reach US$17.56 billion in Terms of Value and 4.48 Million Tons in Terms of Volume, in 2020

Global Graphite Market Will Reach US$17.56 billion in Terms of Value and 4.48 Million Tons in Terms of Volume, in 2020

Article Type: Conferences, training and publications From: Anti-Corrosion Methods and Materials, Volume 62, Issue 4

According to a new market report published by Persistence Market Research “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 compound annual growth rate (CAGR) of 3.7 per cent from 2014 to 2020, to reach USD 17.56 billion in 2020.

Increasing the 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 manufacture 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 lightweight property. 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, in turn, is driving the growth of the graphite market. China accounts for over 70 per cent share of total graphite production in the world. According to China’s 12th Five-Year Plan, the government plans to have around 5.0 million battery-electric vehicles plying on the roads by 2020. This is expected to increase demand for graphite in the Asia-Pacific market during the forecast period.

According to a research report, the sale of plug-in electric vehicles in North America is expected to rise at a CAGR of 30.0 per cent from 2012 to 2020. The total sales of tablets in the US market grew from 9.7 million in 2010 to 40.6 million in 2013. This growth in sales is expected to drive demand for lithium-ion batteries. Rising demand for electric vehicles and other electronic devices such as mobiles, tablets, laptops and cameras offers a huge potential for the growth of the lithium-ion battery industry. This, in turn, is further expected to boost demand for graphite in North America. Europe is the second-largest graphite market in the world. Growing use of carbon fiber instead of steel in the automotive and aerospace industries in Europe is leading to increasing demand for graphite. Graphite is considered as a key material for green technology. Due to this fact, it is widely used in many applications for energy storage, photovoltaics and in various electronic products.

The graphite market is bifurcated on the basis of form (natural graphite and synthetic graphite). Synthetic graphite is further sub-segmented on the basis of form (graphite electrode, carbon fiber, graphite blocks, graphite powder and others). Graphite market is also segmented on the basis of end-use (electrode, refractory, lubricant, foundry, battery and others). All the segments provide market size and forecast by volume and by value. The synthetic graphite segment holds the largest share of USD 12.49 billion in the graphite market in 2013 and is expected to reach USD 16.06 billion by 2020 at a CAGR of 3.7 per cent from 2014 to 2020.

In terms of revenue, the global graphite market grew from USD 12.30 billion in 2010 to USD 13.62 billion in 2013 at a CAGR of 3.4 per cent. In terms of volume, the global graphite market grew from 2.19 million tons in 2010 to 2.68 million tons in 2013 at a CAGR of 7.1 per cent. Under regional segment, the Asia-Pacific graphite market (the largest market in 2013) increased by 3.8 per cent CAGR during 2010-2013 to reach USD 9.17 billion in 2013.

Some of the major companies operating in the global graphite market are Triton Minerals Ltd., Lamboo Resources Limited, Mason Graphite, Focus Graphite Inc., Energizer Resources Inc., Northern Graphite Corporation, Alabama Graphite Corp., Flinders Resources Ltd., Syrah Resources Limited, SGL Carbon SE, GrafTech International Holdings Inc, Graphite India Limited, Nippon Graphite Industries, Co. Ltd., Asbury Graphite Mills Inc., Showa Denko K.K. and Tokai Carbon Co. Ltd.

More information is available at: http://www.persistencemarketresearch.com

Anti-corrosion coating market is projected to grow at CAGR of 4.5 per cent to 2019 globally

Anti-Corrosion Coating Market report identifies prominent players and provides analysis for each player in terms of company overview, financials, products and services offered recent developments and company strategy − New Research Available at ReportsnReports.com

The market for anti-corrosion coating is estimated to grow on account of huge losses incurred due to corrosion, growth in alternative energy and modernization of infrastructure. Fluctuating raw material costs, stringent environmental regulations, slowdown in marine and Oil & Gas industries and global economic situation affecting investments are the factors restraining the market growth. Complete report on anti-corrosion coating market includes information by type (epoxy, polyurethane, zinc, alkyd, acrylic), technology (solvent, water, powder) and end-use (marine, Oil & Gas, power generation, industrial, infrastructure and automotive).

Anti-corrosion coating is a specialized type of protective coating that is used to protect metal, concrete or other material surfaces from the degradation caused by moisture, oxidation and a wide array of chemicals and bases by forming a barrier between the surface and the corrosion agent.

The anti-corrosion coating market is projected to register a CAGR of 4.5 per cent between 2014 and 2019 to reach $26,583 million. The marine industry, which uses anti-corrosion coating, constitutes a significant part of the overall anti-corrosion coating market.

The major players in the anti-corrosion coating market are 3M, AkzoNobel, Ashland Inc, BASF, Chukogu Marine Paints, COSCO Kansai, Axalta Coatings (formerly Du Pont), Jotun A/S, Heubach GmbH, Nippon paints, PPG Industries Sherwin-Williams and Others.

Region-wise, Asia-Pacific is leading the anti-corrosion coating market. Growth in Asia-Pacific is attributed to the developing industries in the region, as well as the low per-capita coating consumption that presents a huge potential for the anti-corrosion coating market. Asia-Pacific is also estimated to have the highest growth in the market on account of the increasing demand from rising industries such as Oil & Gas, power generation and infrastructure among others. Europe is the second largest market for anti-corrosion coating and is projected to have a below-average growth between 2014 and 2019. North America is estimated to have a steady growth in the market. Several anti-corrosion companies are expanding in Asian countries to benefit from the low-cost structures and growing local demand for anti-corrosion coatings for various applications, such as marine, Oil & Gas, power generation, infrastructure, industrial (repair and maintenance) and automotive and transportation among others.

The report analyzes the anti-corrosion coating market trends and forecasts till 2019. The market size has been provided in terms of market volume (KT) and value ($million). The report also identifies prominent players and provides analysis for each player in terms of company overview, financials, products and services offered recent developments and company strategy.

Epoxy-based anti-corrosion coatings had the largest market size in 2013. Acrylic anti-corrosion coatings are projected to have the highest growth rate in the anti-corrosion coatings market between 2014 and 2019.

Solvent-borne, anti-corrosion coating dominated the market in 2013, but it is estimated to experience a slow growth on account of environmental regulations. Water-borne, anti-corrosion coatings are projected to witness the highest growth from 2014 to 2019.

The anti-corrosion coating industry is moving toward investments in the implementation of technologies to produce new and high-quality products that are environment friendly. The R&D initiatives for developing new products along with increasing demand from alternative energy, transportation and modern infrastructure sectors will continue to drive the demand for anti-corrosion coating.

More information is available from: http://www.reportsnreports.com