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Explore Global graphite market in-depth analysis and forecast to 2020

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Graphite also known as writing pencil is almost entirely made up of carbon atoms and is a semimetal native element mineral. Graphite is regarded as the most stable form of carbon under standard conditions. Owing to this feature graphite is used in thermo chemistry as standard state for heat formation of carbon compounds. Graphite is also considered as highest grade of coal.

Graphite is one of the softest metals having black silver color. Also, graphite is good conductor of electricity and a very good lubricant.

Graphite is opaque in nature and crystallizes in the hexagonal system. Although, graphite is one of the softest minerals and very slippery lubricant, it is high-strength component in composites and is used for building automobiles, aircraft and golf club shafts. Graphite minerals are found mostly in high-grade metamorphic rocks that are found in abundance across the earth crust. Major region includes the U.S. (New York and Texas), Russia, Mexico, Greenland and India and China. China is the largest producer of graphite globally.

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On the bases of occurrence the global graphite market can be bifurcated into crystalline flake graphite (flake graphite), amorphous graphite (very fine flake graphite) and lump graphite (vein graphite). Major application of graphite includes steel-making, foundry moldings, refractories, auto parts and slippery lubricants. Other minor applications of graphite include batteries, pencils, electronics and numerous other products. With improving technology future graphite demand is expected to include fuel cells, lithium-ion and vanadium redox batteries and pebble-bed nuclear reactors.

North America has the largest market share for graphite, followed by Europe and Asia Pacific.

The U.S. and China are the largest consumers of graphite. China is also the largest producer of graphite. North America is expected to maintain its dominance in the forecasted period. Europe is expected to show marginal growth in coming future. However, Asia Pacific region is expected to witness highest growth in the forecasted period owing to the increasing domestic demand from the steel and automotive industry in the developing markets of China and India.

Increasing demand from the end-user industry is driving global graphite market. Additionally, with technological advancement fuel cells, lithium-ion and vanadium redox batteries and pebble-bed nuclear reactors are expected to demand more of graphite in coming future, which is further expected to drive the global graphite market.

Some of the major companies operating in the global graphite market are Syrah Resources, Zenyatta, Triton Minerals, Lamboo Resources, Valence Industries, Mason Graphite, Focus Graphite, Flinders Resources, Energizer Resources and Northern Graphite.

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