Flake Graphite Market, by Application (Battery, Lubricant, Refractory, and Others), by End-use Industry (Automotive, Electrical, Chemical, Nuclear, Paints &Coatings, and Others), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Size, Share, Outlook, and Opportunity Analysis, 2015 - 2026
- Report code : CMI82176 |
- Industry :
Advanced Materials
- To Be Published : Aug 2019 |
- Format :
Flake graphite is a type of natural graphite. It is a common variety of natural graphite and are mined in the U.S., Central America, Canada, South America, Russia, Germany, Ukraine, Africa, and China. Commercial flake graphite is available in sizes such as +50-mesh, +100-mesh, and -100-mesh and offered in different ranges of purity from around 80% carbon to 99% carbon.
Market Dynamics
Flake graphite is used in anodes of lithium ion batteries, which are used in electric vehicles. Growing demand for electric vehicles market is driving growth of the global flake graphite market. According to International Energy Association, number of electric cars sold in 2016, was 750 thousand, worldwide. Moreover, China was the largest electric cars market in 2016, and accounted for over 40% of the electric cars sold, globally.
Flake graphite is used in energy application such as fuel cells, vanadium-redox battery technology, and pebble-bed nuclear reactors. Growing energy industry is propelling growth of the flake graphite market, owing to flake graphite’s wide applications. According to the U.S. Energy Information Administration, world energy consumption was 575 quadrillion British thermal units (Btu) in 2015, which is estimated to reach 736 quadrillion Btu in 2040.
Market Outlook
- North America held significant market share in the global graphite market in 2017, owing to demand for flake graphite in lubricants, steelmaking, and refractory applications among others. According to the U.S. Geological Survey, natural graphite was not produced in the U.S. in 2017, however the firms operating in the U.S. consumed 24,000 tons of graphite valued at US$ 42.9 million in the same year. During 2017, the U.S. natural graphite imports were 50,000 tons out of which 75% was flake and high quality graphite.
- Growing demand for lithium ion batteries in North America is fuelling growth of the flake graphite market. According to the U.S. Energy Information Administration, 80% of the installed energy and power capacity of large scale battery storage in operation in the U.S. was lithium ion in 2016.
- Asia Pacific is expected to be the fastest growing flake graphite market during the forecast period, owing to increasing demand of graphite flakes from emerging economies such as India and China. Favorable government policies is encouraging adoption of electric vehicles, which in turn is increasing demand for graphite flake for producing lithium ion batteries required for such vehicles. For instance, the government of China exempted electric vehicles from purchase tax between 2012 and 2017, which has extended till 2020.
Key Players
- Players operating in the flake graphite market are adopting various business strategies including mergers and acquisitions for business expansion. For instance, in December 2017, Westwater Resources, Inc. planned to acquire Alabama Graphite Corp., a mineral exploration and development company involved in flake graphite mining.
- Key players operating in the global flake graphite market include GrafTech International Ltd., AMG Advanced Metallurgical Group N.V., Asbury Carbons, Kaiyu Industrial (Hk) Limited, Mason Graphite Inc., Triton Minerals Ltd., and Northern Graphite Corporation.
Market Taxonomy
The global flake graphite market is segmented into:
By Application
- Battery
- Lubricant
- Refractory
- Others
By End-use Industry
- Automotive
- Electrical
- Chemical
- Nuclear
- Paints & Coatings
- Others
By Region
- North America
- U.S.
- Canada
- Europe
- U.K.
- Germany
- Italy
- France
- Russia
- Spain
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- ASEAN
- Australia
- South Korea
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- Middle East
- GCC
- Israel
- Rest of Middle East
- Africa
- Northern Africa
- Central Africa
- South 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.
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.
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
Share
Choose License Type
"How Can I Help You" ?
Finding it difficult to find the research that would cater to your business demands? Give us a chance to help you. One of our Research Consultants will connect to provide a customized solution.
[email protected]Key Benefits
Custom Research Solution
Talk to our research consultant to design an exclusive report as per your research needs.
Customer Fulfilment
We aim to fulfil client's research demands with tailored research solutions.
Quick Turnaround Time Reports
We aim to provide research studies in quickest turnaround time and in a much cost effective manner.
360-degree Approach
We cover each industry from supply and demand side with an aim to provide a most holistic research study.
Assured Quality
We strive to provide most accurate and reliable research findings in our research reports.