Graphite is an allotrope of carbon with crystalline structure and has both metallic and non- metallic properties. Metallic properties of graphite include thermal and electrical conductivity and its non-metallic properties include lubricity, chemical inertness, and thermal resistance. Furthermore, extrusion process is used to produce extruded graphite. Extruded graphite has coarser grain size, and higher electrical and thermal conductivity as compared to isotactic graphite.

Production process of extruded graphite includes pressing of fine graphite powder through a die, under high pressure. The resulting shape is then fired and graphitized at high temperature (around 2000 degree Celsius).

Market Dynamics

Extruded graphite is economical to produce and is used in various applications. For instance, electrodes made with extruded graphite, are used in electric arc steel production. Extruded graphite is also used in the manufacturing of various hot zone parts, used in the furnaces such as heating elements, rails, shelves, plates, and fasteners. Owing to its high temperature stability and chemical resistant properties, extrude graphite is extensively used in the chemicals industry. It is used in various corrosive applications such as vessel linings, bricks, tiles, heat exchangers, wear plates, and bearing among others. Thus, the wide applicability of extruded graphite is a major factor propelling growth of the global extruded graphite market.

Extrusion process is used to produce larger particle size (around 0.45 inch), as compared to the isotactic graphite (4-10 micron). The production of very fine isostatically molded graphite involves additional steps to mill the raw material to fine powder thus, taking longer to manufacture than extruded graphite. Additionally, the manufacturing cost of extruded graphite is about half the cost of the isostatically molded graphite. Thus, the economical production of extruded graphite is another factor, supporting growth of the global extruded graphite market.

Market Outlook

In terms of revenue, Asia Pacific is expected to be the fastest-growing market for graphite during the forecast period. Rapid industrialization in the emerging economies such as China and India is fuelling the demand for graphite in the region. This in turn, is expected to boost growth of the extruded graphite market in Asia Pacific.

According to the United States Geological Survey (USGS), in 2013, China contributed 50% of the global consumption of graphite, accounting for the world’s largest consumer for graphite. In China, graphite is majorly used in manufacturing of steel metallurgy and refractory materials, and other applications include foundry and forging graphite.

In 2013, according to CSGS, China recorded highest production of graphite, worldwide. Owing to the high production of graphite in the country, China also exports graphite worldwide. In terms of volume (Tons), China accounted for 80% of total world graphite exports in 2014, and the major exporting countries were Japan, Germany, United States and the Republic of Korea, according to USGS.

Further, according to the data provided by the Indian Bureau of Mines, Government of India, the total consumption of graphite in India has been increased from 40,700 tonnes during 2010-2011 to 52,700 tonnes during 2012-2013. In 2013, out of the total consumption of graphite in India, refractory industry accounted for 7,300 tonnes and foundry industry accounted for 1,000 tonnes, according to the Indian Bureau of Mines, Government of India.

Key Players & Business Strategies

Major players operating in the global extruded graphite market include Beijing Great Wall Co. Ltd., SGL Group, NAC Carbon Products Inc., Cera Materials Inc., Mersen S.A., Fangda Carbon New Material Co. Ltd., GrafTech International Holdings Inc., Graphite India Ltd., Nippon Kornmeyer Carbon Group, Schunk Group, Toyo Tanso Co. Ltd., Tokai Carbon Group, and Weiji Carbon–Tech Co., Ltd.

Key Developments

Key players operating in the global extruded graphite market are adopting various business strategies such as product developments, collaborations, and mergers & acquisitions in order to retain their market share.

  • For instance, in November 2017, the Tokai Carbon Company Ltd. announced the acquisition of a U.S.-based subsidiary, SGL GE Holding GmbH, which is involved in the manufacturing of graphite electrodes. The acquisition is expected to enhance the company’s business in North America.
  • In January 2018, SGL Group, one of the leading player in global extruded graphite market, invested US$ 27.74 Million to expand its specialty graphite production at the Bonn site, to meet an increasing demand from automotive industries. The expansion is set to be completed by 2020. Furthermore, in July 2018, SGL Carbon, one of the leading player in global extruded graphite market, expands its graphite production capacities for lithium ion batteries.
  • In December 2019, Mersen S.A, one of the leading manufacturer of extruded graphite, has announced that they will invested US$ 65 million to expand its graphite production facility in Tennessee.

Extruded Graphite Market Taxonomy

Based on the product type, extruded graphite market is segmented into:

  • Rods
  • Blocks
  • Others

Based on the Application, extruded graphite market is segmented into:

  • Electrodes
  • Chemical Processing
  • Foundry & HY Metallurgy
  • Refractory Materials
  • Others

Based on the region, extruded graphite market is segmented into:

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • U.K
    • Germany
    • France
    • Italy
    • Spain
    • Russia
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • ASEAN
    • South Korea
    • Australia
    • Rest of Asia Pacific
  • South America
    • Brazil
    • Argentina
    • Rest of South America
  • Middle East and Africa

Research Methodology

Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:

  • Primary Research (Trade Surveys and Experts Interviews)
  • Desk Research
  • Proprietor Data Analytics Model

In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.

Data Triangulation Methodology | Coherent Market Insights

Coherent Market Insights desk research is based on a principle set of research techniques:

  • National level desk research: It Includes research analysis of regional players, regional regulatory bodies, regional trade associations, and regional organization.
  • Multinational level desk research: The research team keeps a track of multinational players, global regulatory bodies, global trade associations, and global organization.

Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:

  • Governmental bodies, National and international social welfare institutions, and organizations creating economic policies among others.
  • Trade association, National and international media and trade press.
  • Company Annual reports, SEC filings, Corporate Presentations, press release, news, and specification sheet of manufacturers, system integrators, brick and mortar - distributors and retailers, and third party online commerce players.
  • Scientific journals, and other technical magazines and whitepapers.

Market Analysis | Coherent Market Insights

Preliminary Data Mining

The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.

Data Standardization

Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.

Coherent Statistical model

We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:

  • Micro-economic indicators
  • Macro-economic indicators
  • Environmental indicators
  • Socio-political indicators
  • Technology indicators

Data Processing

Once the findings are derived from the statistical model, large volume of data is process to confirm accurate research results. Data analytics and processing tools are adopted to process large chunk of collected informative data. In case, a client customizes the study during the process, the research finding till then are benchmarked, and the process for new research requirement is initiated again.

Data Validation

This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:

  • It provides first-hand information on the market dynamics, outlook, and growth parameters.
  • Industry experts validates the estimates which helps the company to cement the on-going research study.
  • Primary research includes online surveys, face-to face interviews, and telephonic interviews.

The primary research is conducted with the ecosystem players including, but not limited to:

  • Raw Material Suppliers
  • Manufacturers
  • System Integrators
  • Distributors
  • End-users