PUBLISHER: The Business Research Company | PRODUCT CODE: 1478543
PUBLISHER: The Business Research Company | PRODUCT CODE: 1478543
Carbon and graphite are forms of elemental carbon, with graphite being a crystalline form of carbon that is highly conductive and has various industrial applications. The carbon and graphite products include a broad range of products that are derived from carbon or graphite materials, characterized by their exceptional thermal conductivity, electrical conductivity, strength and resistance to chemical attack and high temperatures.
The carbon and graphite product market consists of sales, by entities (organizations, sole traders and partnerships), of carbon and graphite products that are crucial in a variety of industrial processes and applications, ranging from the production of steel and aluminum to use in batteries, electric vehicles, aerospace components and more.
The global carbon and graphite product market was valued at $21,830.2 million in 2018 which grew till 2023 at a compound annual growth rate (CAGR) of more than 3.0%.
Government Initiatives
Government initiatives helped the carbon and graphite product market to grow in the historic period. Governments are investing in the carbon and graphite product market to promote sustainable practices, reduce carbon emissions and support the development of advanced technologies such as electric vehicles, renewable energy systems and energy storage solutions. Government initiatives have played a crucial role in fostering the growth of the carbon and graphite product market by promoting sustainability and eco-friendly practices. For example, in July 2023, United States Department of Energy, a US-based government agency released a $100 million program aimed at transforming carbon pollution into useful products, thereby reducing greenhouse gas emissions and encouraging the development of environmentally sustainable alternatives in fuels, chemicals and building products sourced from captured emissions from industrial and power generation facilities. Therefore, government initiatives played a significant role in the expansion of the carbon and graphite product market.
Increasing Investments To Expand Production Capacities
Companies operating in the carbon and graphite product market are focusing on increasing their investments to enhance product quality, develop new applications and improve manufacturing processes to stay competitive in the market. For instance, in May 2023, Anovion Technologies, a US-based advanced material manufacturing company, invested $800 million to build a new synthetic graphite anode materials manufacturing plant in Georgia to enhance its production capacity and meet the increasing demand for advanced synthetic graphite materials in the battery industry. This significant investment will create over 400 jobs and leverage the region's abundance of low- and carbon-free energy sources, existing infrastructure and skilled workforce to ensure sustainable and high-quality production of synthetic graphite anode material.
The global carbon and graphite product market is fairly fragmented, with a large number of small players operating in the market. The top ten competitors in the market made up to 22.07% of the total market in 2022.
Carbon And Graphite Product Global Market Opportunities And Strategies To 2033 from The Business Research Company provides the strategists; marketers and senior management with the critical information they need to assess the global carbon and graphite product market as it emerges from the COVID-19 shut down.
Where is the largest and fastest-growing market for carbon and graphite product? How does the market relate to the overall economy; demography and other similar markets? What forces will shape the market going forward? The carbon and graphite product market global report from The Business Research Company answers all these questions and many more.
The report covers market characteristics; size and growth; segmentation; regional and country breakdowns; competitive landscape; market shares; trends and strategies for this market. It traces the market's history and forecasts market growth by geography. It places the market within the context of the wider carbon and graphite product market; and compares it with other markets.
Market Segmentation - Contains the market values (2018-2023) (2023-2028, 2033F) and analysis for each segment by product, by application and by end-user in the market. Historic (2018-2023) and forecast (2023-2028) and (2028-2033) market values and growth and market share comparison by region market.