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GIA announces the release of a comprehensive global report on Carbon & Graphite markets. Global market for Carbon & Graphite is projected to reach US$16 billion by 2020, driven by increasing demand from key end-use industries.
San Jose, California (PRWEB) July 09, 2014
Follow us on LinkedIn. Carbon and graphite, owing to their excellent thermal and electrical properties, and extraordinary chemical stability, find use in a wide range of end-use industries. Market prospects for carbon & graphite are closely linked to the dynamics of end-use industries such as steel, transportation, electronics, semiconductor, electronics, solar, and petrochemical, among others, all of which are extremely susceptible to uncertainties and risks on the economic front. State of steel and aluminum production, the largest end-markets for graphite electrodes, is a major determinant of demand for electrodes. Synthetic graphite, in the form of electrodes, is used in steel production from scrap, while the nuclear industry makes use of ultra-pure graphite.
Rising demand for aluminum and growing share of EAF (electric arc furnace) steel in crude steel production are contributing to the rise in demand for electrodes. Aircraft manufacturing is the largest end-use market for carbon and graphite fibers. Strong growth in aircraft manufacturing and replacement of metal with carbon fiber in aircraft parts as part of efforts to reduce weight and increase fuel efficiency, are poised to benefit market growth. Wind energy is one of the fastest growing emerging application areas, particularly for carbon fiber that find use in the manufacture of turbine blades. Expansion of wind turbine installations is thus forecast to be a major growth driver for carbon and graphite market in the coming years. Other emerging application areas for carbon & graphite include lithium ion batteries, fuel cells, and nuclear power generation.
As stated by the new market research report on Carbon & Graphite, the United States represents the largest market worldwide. Refractories account for the largest share of total graphite consumption in the country, followed by other applications including batteries, lubricants, foundry, brake linings and steel making. Asia-Pacific ranks as the fastest growing market with a compounded annual growth rate of 5.7% over the analysis period. Graphite electrodes, carbon fibers and also carbon and graphite in block forms, pyrolytic graphite, and isostatic graphite find extensive use in a wide range of industries across Asian countries. Increasing demand for steel in emerging nations such as China and India, due to increased emphasis on infrastructure development projects, is a key factor driving growth in the region. Strong automobile production is also generating opportunities for demand growth in the market.
Graphite electrodes represents the largest product market, supported by widespread use in electric arc furnaces for melting of scrap steel and iron. In addition to its application in EAF steel production, graphite electrodes are also used in smelting of brown alumina, yellow phosphorus, alloy steel and other metals. Growth in the graphite electrodes market closely mirrors trends in EAF steel production. With the number of steel EAF plants expected to increase owing to environmental advantages, flexibility of feedstock and efficiency benefits, demand for graphite electrodes is also expected to witness a parallel increase. Carbon fiber is another material that is sought after for a wide variety of applications ranging from the complex aerospace applications to sporting goods, owing to the materials attributes such as high strength and stiffness, non-corrosiveness, chemical inertness, and low density, among others.
Major players covered in the report include Cabot Corporation, Cytec Industries Inc., GrafTech International Ltd., HEG Ltd., Hexcel Corporation, Mersen, Mitsubishi Rayon Co. Ltd., Morgan Advanced Materials, Nippon Carbon Co. Ltd., Orion Engineered Carbons LLC, SGL Group The Carbon Company, Showa Denko K.K, Superior Graphite, Teijin Ltd., Tokai Carbon Co. Ltd., and Toray Industries Inc., among others.
The research report titled Carbon and Graphite: A Global Strategic Business Report announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, issues, drivers, mergers, acquisitions and other strategic industry activities of major companies worldwide. The report provides market estimates and projections for all major geographic markets such as the US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia, and Rest of Europe), Asia-Pacific (China, India, and Rest of Asia-Pacific), Latin America (Brazil, Mexico, and Rest of Latin America), and Rest of World. Product segments analyzed include C&G Electrodes (Carbon Electrodes and Graphite Electrodes), C&G Fibers, C&G Powder, and Others. In addition, C&G Fibers market is analyzed by the following end-use industry segments - Industrial, Aerospace, and Others.
For more details about this comprehensive market research report, please visit http://www.strategyr.com/Carbon_and_Graphite_Market_Report.asp.
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes more than 1300 full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world's largest and reputed market research firms.
Global Industry Analysts, Inc.
Web Site: http://www.StrategyR.com/
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