Synthetic Graphite (Also known as Artificial Graphite) consists of graphitic carbon obtained by graphitizing of non-graphitic carbon, by CVD from hydrocarbons. The primary raw material for manufacturing synthetic graphite is calcined petroleum coke and coke tar pitch both including highly graphitizable forms of carbon. Friction, foundry, fuel cell bipolar plates, coatings, electrical carbons, electrolytic systems, corrosion materials, conductive fillers, rubber and plastic additives, and drilling applications are some of the common uses for synthetic graphite. Synthetic graphite has a high carbon content and more predictable behavior, due to this, it's used in solar energy storage and arc furnaces.This growth is primarily driven by Need of Synthetic Graphite in Batteries and Other Energy Storages and The demand for Synthetic Graphite in Coating Applications.
Globally, a noticeable market trend is evident Growing Research on Applications of Synthetic Graphite. Major Vendors, such as BTR New Energy Materials Inc. (China), SGL Carbon SE (Germany), Mersen (France), Asbury Carbons (United States), XRD Graphite Manufacturing Co., Ltd (China), Nippon Graphite Industries (Japan), Tokai Carbon Co. (Japan), Toray Industries (Japan), Toho Tenax (Japan) and Mitsubishi Rayon Co. (Japan) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
On 18th June 2017, SGL Carbon SE a leading manufacturer of Synthetic Graphite announced that it is acquiring shares from Tokai Carbon Co. Ltd. The closing of the contract will mark the date on which Tokai Carbon Co. Ltd.’s 49 percent share in the joint venture will be transferred to SGL Carbon SE. It was agreed to keep the purchase price confidential.
In April 2021, the lithium-ion battery manufacturing plant of Epsilon Advanced Materials opened in one of India's southern states. Epsilon Carbon's subsidiary is responsible for the new factory. Epsilon Carbon is India's largest coal carbon group, which has recently expanded into the battery content industry. It has shifted its focus to developing and manufacturing high-performance carbon materials for lithium-ion battery anode components.
- Need of Synthetic Graphite in Batteries and Other Energy Storages
- The demand for Synthetic Graphite in Coating Applications
- Growing Research on Applications of Synthetic Graphite
- Reduced Manufacturing Activity Due to Covid-19 Affecting the Demand of Synthetic Graphite
Rise of Solar Industry Will Boost the Demand of Synthetic Graphite and Advancements in The Production of Synthetic Graphite Will Increase Its Demand
High-Cost Associated with Production of Synthetic Graphite and Recent Advancements in Purification of Natural Graphite Posing Challenge in Front Of Synthetic Graphite Manufacturers
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Synthetic Graphite Study Sheds Light on
— The Synthetic Graphite Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Synthetic Graphite industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
— Where Synthetic Graphite industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
— How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.