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The global graphite market was valued at $15.06 billion in 2014 and it is expected to grow at a CAGR of 4.0% during the period 2015 - 2020. Based on form, the synthetic graphite segment hold the larger share, with $13.64 billion value, of the total market in 2014; and it is expected to reach $17.14 billion in 2020, at a CAGR of 3.9% for the period 2015-2020.
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Global Graphite Market (Size of $15 billion in 2014) to Witness 4% CAGR during 2015 – 2020 The increasing use of graphite in the automotive industry along with the increasing use of graphite in lithium-ion batteries are the major factors driving the growth of the global market.
The global graphite market was valued at $15.06 billion in 2014 and it is expected to grow at a CAGR of 4.0% during the period 2015 - 2020. Based on form, the synthetic graphite segment hold the larger share, with $13.64 billion value, of the total market in 2014; and it is expected to reach $17.14 billion in 2020, at a CAGR of 3.9% for the period 2015-2020. Request to Get the Sample Report: https://www.psmarketresearch.com/market- analysis/graphite-market/report-sample In recent years, the demand for lithium-ion battery has increased significantly due to the increasing use of electronic gadgets such as cameras, laptops, mobile phones, and tablets globally. Additionally, increase in electric vehicles ownership is anticipated to propel the lithium-ion market. This, in turn is anticipated to propel the demand for graphite. The major restraint associated with the global graphite market is increasing demand-supply gap. The increasing use of graphite in automotive, steel, and photovoltaic (PV) industries may create a huge gap in the demand and supply balance in near future. In 2013, the China PV industry witnessed rapid development. Due to this, the global supply and demand gap for the isostatic form of graphite broadened to 1,500 tons. Some of the major drivers behind the growth of the graphite market include increasing use of graphite in batteries, growing demand of graphite in steel industry, and increasing use of graphite in automotive industry. High demand of graphite in battery industry is anticipated to propel the global graphite market. Read summary of report here: https://www.psmarketresearch.com/market- analysis/graphite-market The key companies operating in the global graphite market include Triton Minerals Ltd., Lamboo Resources Limited, Mason Graphite, Focus Graphite Inc., Energizer Resources Inc., Northern Graphite Corporation, Alabama Graphite Corp., Flinders Resources Ltd., Syrah Resources Limited, SGL Carbon SE, GrafTech International Holdings Inc, Graphite India Limited, Nippon Graphite Industries Co. Ltd., Asbury Graphite Mills Inc, Showa Denko K.K., and Tokai Carbon Co. Ltd. About P&S Market Research P&S Market Research is a market research company, which offers market research and consulting services for various geographies around the globe. We provide market research reports, industry forecasting reports, business intelligence, and research based consulting services across different industry/business verticals. As one of the top growing market research agency, we’re keen upon providing market landscape and accurate forecasting. Our analysts and consultants are proficient with business intelligence and market analysis, through their interaction with leading companies of the concerned domain. We help our clients with B2B market research and assist them in identifying various windows of opportunity and framing informed and customized business expansion strategies in different regions. Contact:
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