logo
logo
Sign in

Flake Graphite Market Analysis, Share And Growth By 2030

avatar
Rohan Deep
Flake Graphite Market Analysis, Share And Growth By 2030

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.


Get Sample: https://www.coherentmarketinsights.com/insight/request-sample/2176


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.


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.


Get More Detail: https://chemicalindustryresearchcmi.blogspot.com/2022/12/flake-graphite-market-analysis-share.html

collect
0
avatar
Rohan Deep
guide
Zupyak is the world’s largest content marketing community, with over 400 000 members and 3 million articles. Explore and get your content discovered.
Read more