The global market for Carbon and Graphite was valued at an estimated US$15.9 Billion in 2023 and is projected to reach US$24.4 Billion by 2030, growing at a CAGR of 6.3% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
The growth in the carbon and graphite market is driven by several factors, reflecting the evolving demands and technological advancements across various industries. One significant driver is the increasing demand for lithium-ion batteries, spurred by the rapid growth of the electric vehicle market and the need for efficient energy storage solutions. The expansion of the electronics industry, which relies on high-quality graphite for heat dissipation and conductivity, also contributes to market growth.
Additionally, the steelmaking industry's reliance on graphite electrodes for electric arc furnaces underscores the material's importance in modern metallurgy. Environmental regulations promoting cleaner energy sources and sustainable practices are boosting the adoption of graphite in renewable energy technologies, such as fuel cells and solar panels.
Furthermore, the burgeoning field of graphene research is paving the way for new applications and markets, enhancing the material's value proposition. The ongoing advancements in nanotechnology and materials science continue to drive demand for high-performance carbon and graphite products, ensuring sustained growth and innovation in the market.
The growth in the carbon and graphite market is driven by several factors, reflecting the evolving demands and technological advancements across various industries. One significant driver is the increasing demand for lithium-ion batteries, spurred by the rapid growth of the electric vehicle market and the need for efficient energy storage solutions. The expansion of the electronics industry, which relies on high-quality graphite for heat dissipation and conductivity, also contributes to market growth.
Additionally, the steelmaking industry's reliance on graphite electrodes for electric arc furnaces underscores the material's importance in modern metallurgy. Environmental regulations promoting cleaner energy sources and sustainable practices are boosting the adoption of graphite in renewable energy technologies, such as fuel cells and solar panels.
Furthermore, the burgeoning field of graphene research is paving the way for new applications and markets, enhancing the material's value proposition. The ongoing advancements in nanotechnology and materials science continue to drive demand for high-performance carbon and graphite products, ensuring sustained growth and innovation in the market.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Carbon & Graphite Electrodes segment, which is expected to reach US$10.8 Billion by 2030 with a CAGR of a 5.3%. The Carbon & Graphite Fibers segment is also set to grow at 9.1% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, estimated at $1.8 Billion in 2023, and China, forecasted to grow at an impressive 7.4% CAGR to reach $10.1 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Why You Should Buy This Report:
- Detailed Market Analysis: Access a thorough analysis of the Global Carbon and Graphite Market, covering all major geographic regions and market segments.
- Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
- Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Carbon and Graphite Market.
- Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.
Key Questions Answered:
- How is the Global Carbon and Graphite Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as Cabot Corporation, GrafTech International Ltd., Hazer Group Ltd, and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Select Competitors (Total 124 Featured):
- Cabot Corporation
- GrafTech International Ltd.
- Hazer Group Ltd
- HEG Ltd
- Hexcel Corporation
- Mersen S.A.
- Mitsubishi Chemical Corporation
- Mitsubishi Chemical Carbon Fiber and Composites, Inc.
- Morgan Advanced Materials Plc
- Nippon Carbon Co., Ltd.
- Orion Engineered Carbons GmbH
- SGL CARBON SE
- Solvay SA
- Superior Graphite
- Teijin Limited
- Toray Industries, Inc.
- ZOLTEK Corporation
Table of Contents
I. METHODOLOGYII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERSIII. MARKET ANALYSISSOUTH KOREAREST OF ASIA-PACIFICARGENTINABRAZILMEXICOREST OF LATIN AMERICAIV. COMPETITION
1. MARKET OVERVIEW
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
UNITED STATES
CANADA
JAPAN
CHINA
EUROPE
FRANCE
GERMANY
ITALY
UNITED KINGDOM
SPAIN
RUSSIA
REST OF EUROPE
ASIA-PACIFIC
AUSTRALIA
INDIA
LATIN AMERICA
MIDDLE EAST
AFRICA
Companies Mentioned
- Cabot Corporation
- GrafTech International Ltd.
- Hazer Group Ltd
- HEG Ltd
- Hexcel Corporation
- Mersen S.A.
- Mitsubishi Chemical Corporation
- Mitsubishi Chemical Carbon Fiber and Composites, Inc.
- Morgan Advanced Materials Plc
- Nippon Carbon Co., Ltd.
- Orion Engineered Carbons GmbH
- SGL CARBON SE
- Solvay SA
- Superior Graphite
- Teijin Limited
- Toray Industries, Inc.
- ZOLTEK Corporation
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 478 |
Published | July 2024 |
Forecast Period | 2023 - 2030 |
Estimated Market Value ( USD | $ 15.9 Billion |
Forecasted Market Value ( USD | $ 24.4 Billion |
Compound Annual Growth Rate | 6.3% |
Regions Covered | Global |
No. of Companies Mentioned | 17 |