Colloidal graphite is made up of very fine graphite flakes suspended in liquids such as water, alcohol, petroleum oil, castor oil, glycerin, etc. Colloidal graphite dispersed in distilled water is known as water-based colloidal graphite. Excellent lubricity, high conductivity, high adsorption, catalytic capabilities, and high plasticity are all characteristics of water-based colloidal graphite. It is used in cathode ray tubes. A high-voltage electrode is a conductive colloidal graphite coating applied to the inside of a cathode ray tube's glass envelope. The coating extends from just inside the CRT tube's neck to short the screen, covering the inside walls of the tube's "bell." It contains spring clips that press against the tube's walls, establishing contact with the aquadag, (a trade name for a water-based colloidal graphite coating) and allowing it to carry this high positive voltage.
The global water based colloidal graphite market is expected to surpass US$ 1046.1 million by the end of 2028, in terms of revenue, exhibiting at a CAGR of 5.7% during the forecast period (2021 to 2028).
The global water based colloidal graphite market is expected to grow due to increased demand from the forging and die-casting industries. Forging & die-casting industries is a manufacturing process industry involving the shaping of metal by moulding or using compressive forces. Colloidal graphite is used as a lubricant in forging & die-casting industries which is used to separate the die from the work piece. The lubricant helps in reducing wear & tear of the expensive forging dies. Oil-based colloidal graphite lubricants are normally. Use of oil-based colloidal graphite solutions during normal forging operations results in carbon smoke which can be toxic in nature. Due to environmental concerns, key players operating in the forging industry are shifting their focus towards use of environment-friendly lubricants such as water based colloidal graphite solutions. Increasing demand for environment friendly solutions from forging industry is expected to drive the market growth of the water based colloidal graphite during the forecast period.
Among regions, Asia Pacific dominated the global water based colloidal graphite market in 2020, accounting for 58.46% share, in terms of revenue, followed by Europe and Latin America, respectively. As a result of global water based colloidal graphite market is expected to grow in forecast period due to increased demand from the forging and die-casting industries.
Figure 1. Global Water Based Colloidal Graphite Market, Revenue Share (%), By Region, 2020
During the forecast period, global water-based colloidal graphite market expansion is expected to be hampered by the availability of various substitutes such as oil-based colloidal graphite, water-based non-graphite lubricants, and boron nitride suspension. Water-based colloidal graphite requires agitation to ensure a homogeneous mixture throughout the ready-for-use product when diluted. Whereas, water-based non-graphite solutions are true solutions and require no agitation after mixing making it a suitable lubricant in the forging industry. Water-based colloidal graphite can cause plugging problems in spray application and dilution equipment if not properly maintained. Whereas, non-graphite products are easier to use with application equipment.
Water-based colloidal graphite is gaining traction for conductive coatings as it has high thermal conductivity and electron mobility along with a high specific surface area owing to its two-dimensional nanostructure. These factors are expected to increase demand for water-based colloidal graphite for smart textiles.
|Base Year:||2020||Market Size in 2020:||US$ 668.6 Mn|
|Historical Data for:||2017 to 2019||Forecast Period:||2021 to 2028|
|Forecast Period 2021 to 2028 CAGR:||5.7%||2028 Value Projection:||US$ 1046.1 Mn|
American Elements, Asbury Carbons Inc., Benzer Dental AG, Chem-Verse Consultants (India) Private.Ltd., Fuchs Petrolub SE, Henkel AG., Imerys S.A., Kaiyu Industrial (HK) Limited, Ted Pella, Inc., Quaker Houghton
|Restraints & Challenges:||
Figure 2. Global Water Based Colloidal Graphite Market – Opportunity Analysis
Emerging trends that seem to have a direct influence on market expansion include acquisitions and mergers by key players. Several key players are engaging in strategies such as acquisition, merger in order to improve market position in the global water-based colloidal graphite market. For instance, in July 2021, Asbury Carbons, Inc., a global processor of carbon and graphite materials, confirmed that it has acquired Garmor, Inc., a Florida-based innovative materials firm with a patented, environmentally safe technology for commercializing Edge Functionalized Graphene (EFG).
Figure 3. Global Water Based Colloidal Graphite Market, Revenue Share (%), By Application, in 2020
On the basis of application, lubricant/release agent (forging, die casting & extrusion) sub-segment dominated the global water based colloidal graphite market in 2020, accounting for 63.8% of market share, in terms of revenue, followed by Anti-static Coatings, Conductive Ink, and Others (Smart Fabrics etc.) owing to the rising adoption of water-based colloidal graphite lubricant.
Global Water Based Colloidal Graphite Market - Impact of Coronavirus (COVID-19) Pandemic
The COVID-19 had a negative influence on the global market for water-based colloidal graphite. Along with lockdown in China, India and The US other countries were also accountable for disruptions in supply chain. Furthermore COVID-19 has had a major impact on the global economy in three ways: by directly impacting production and demand, by disrupting supply chains and marketplaces, and by having a financial impact on businesses and financial markets. As a result, all forging and die-casting production facilities were temporarily shut down, causing supply chain and logistics disruptions across the globe. As majority of water-based colloidal graphite is used in the forging and die-casting industries, therefore temporary shutdown of the die forging and die-casting industries, as well as the interruption of the supply chain, the global market for water-based colloidal graphite has been restricted during Covid-19 pandemics.
Key players operating in the global water based colloidal graphite market include American Elements, Asbury Carbons Inc., Benzer Dental AG, Chem-Verse Consultants (India) Private. Ltd. Fuchs Petrolub SE, Henkel AG. , Imerys S.A., Kaiyu Industrial (HK) Limited, Ted Pella, Inc., Quaker Houghton
In May 2017, the company announced that its graphite division - AMG Graphite, completed the commissioning process at its Ancuabe graphite mine in the Cabo Delgado province of Mozambique. Production has resume in May 2017, with an annual production capacity of 9,000 metric tons.
Water-based colloidal graphite is a colloidal dispersion of ultra-fine graphite in an aqueous solution. Water based colloidal graphite product produces a smooth, dry coating with an extra-long wear lifespan that adheres well to most substrates. Furthermore, it develops suspension qualities with ease, reducing the need for stirring or agitation. This product's high coverage factor enables higher dilution ratios than commercially available alternatives. This ensures that the product is used effectively. The substance is smokeless and non-flammable, allowing it to be used in a cost effectively. It can also be used as a graphite additive in aqueous lubricating formulations for a variety of purposes.
The global water based colloidal graphite market is expected to benefit from rising demand for its use as a lubricant. The most significant advantage of using water based colloidal graphite instead of oil as a lubricant is that water based colloidal graphite leaves no sticky residue that may gather dust later. This is due to water based colloidal graphite's lubricating qualities, which are due to its weak covalent bonds, allowing graphite layers to "slide" on top of each other with little resistance. In applications where dust and filth are a challenge, water based colloidal it's often preferable to use a graphite-based lubricant. Locks, key slots, threaded rods, air compressors, hinges, and printer rails, for example, are ideal for a water based colloidal graphite-based lubrication.
On the other hand, strict rules & regulation regarding the usage of reusable barrels is hampering growth of the market. The new amendment allows the scotch whisky producers to use a wide variety of casks for maturation, including those previously used to age agave spirits, Calvados, barrel aged cachucha, shochu, and baijiu, as well as some other fruit spirits. This new amendment is expected to hamper the market demand for bourbon aged barrels from scotch whisky market, as the distillers have a wide range of options for used barrels apart from bourbon aged barrels.
Key features of the study:
“*” marked represents similar segmentation in other categories in the respective.