The market for graphite is expanding due to the increasing use of nuclear pebble bed reactors. By 2020, 500 new pebble reactors, each with a 100 GW capacity, are anticipated to be erected in the United States, according to West Virginia University researchers. A high-temperature gas reactor that uses flake graphite as a moderator in huge quantities is what is known as a nuclear pebble bed reactor. A pebble bed reactor needs about 3000 tonnes of graphite on average, according to Coherent Market Insights study. The market expansion of graphite is primarily being driven by the automotive sector's robust growth.
The global Graphite Market is estimated to be valued at US$ 23,279.3 million in 2021 and is expected to exhibit a CAGR of 13.2% over the forecast period (2021-2028).
Market Leaders in the Graphite Industry:
1. AMG Advanced Metallurgical Group N.V.
AMG Advanced Metallurgical Group N.V. produces and sells engineered specialty metals and mineral products. AMG Advanced Metallurgical Group N.V. was incorporated in 2006 and is headquartered in Amsterdam, the Netherlands. In January, 2023 AMG Advanced Metallurgical Group N.V. announces its wholly owned subsidiary, AMG Lithium GmbH (“AMG Lithium”), has signed a non-binding memorandum of understanding (“MOU”) with FREYR Battery a developer of clean, next-generation battery cell production capacity.
2. SHOWA DENKO K.K.
Resonac Holdings Corporation operates as a chemical company in Japan and internationally. Resonac Holdings Corporation was founded in 1939 and is headquartered in Tokyo, Japan. In January, 2023 Resonac Corporation (Resonac) has concluded new multiyear contracts with Infineon Technologies AG (Infineon), a German semiconductor manufacturer providing power semiconductors worldwide, to continue supplying SiC materials for power semiconductors to Infineon and cooperatively developing technologies related to SiC materials.
3. Toyo Tanso Co., Ltd.
Toyo Tanso Co., Ltd. engages in the production and sale of various carbon materials in Japan and internationally. Toyo Tanso Co., Ltd. was founded in 1941 and is headquartered in Osaka, Japan. In June. 2022 Toyo Tanso launched new websites for 7 countries.