by The flake graphite market refers to a type of graphite that has a layered flaky structure, making it ideal for use in lubricants, friction products, energy storage, and refractories. Flake graphite possesses properties like high thermal conductivity, corrosion resistance, and chemical resistance that make it suitable for various industrial applications. The product is used in lithium-ion batteries and helps improve efficiency by reducing internal resistance. Rising demand for electric vehicles has augmented the use of flake graphite in battery manufacturing.
The Global Flake Graphite Market is estimated to be valued at US$ 16.05 Bn in 2024 and is expected to exhibit a CAGR of 8.2% over the forecast period 2023 to 2030.
Key Takeaways
Key players operating in the flake graphite market are AMG, Asbury Carbons, Eagle Graphite, EPM Group, Grafitbergbau Kaisersberg GmbH, Graphite India Limited (GIL), Imerys, and Nacional de Grafite. These companies are focusing on capacity expansion plans and new product developments to strengthen their market position.
The growing demand for lithium-ion batteries from the automotive industry is a major factor driving the flake graphite market. Graphite serves as the anode material in Li-ion batteries owing to its high conductivity, chemical stability, and cost-effectiveness. Supportive government policies aimed at promoting electric vehicles adoption are also fueling the product demand.
Globally, China dominates the flake graphite production, however, other regions like India, Brazil, and Africa are witnessing increasing exploration activities to cater to the rising requirements. Major market players have increased their investments in these emerging markets to leverage the growth opportunities.
Market Key Trends
One of the key trends gaining momentum in the flake graphite market is the focus on developing coated spherical graphite for Li-ion batteries. Spherical graphite offers better current collection ability, high tap density, and overall battery performance. Leading manufacturers are investing in coating and purification technologies to produce high-quality spherical graphite using flake concentrates. This is expected to support the graphite anode market growth over the forecast period.
Porter’s Analysis
Threat of new entrants: New players will face high capital requirements for mining operations and processing plants. Bargaining power of buyers: Buyers have moderate bargaining power due to availability of substitute products. Bargaining power of suppliers: Suppliers have moderate bargaining power as graphite production is concentrated in few countries like China. Threat of new substitutes: Substitutes like carbon fiber and silicon exist but are currently more expensive. Competitive rivalry: Intense competition exists among existing players.
Geographical regions
China holds a dominant share in the global flake graphite market in terms of value. Other major producing regions include India, Brazil, North Korea and Canada.
The flake graphite market in Europe is expected to grow at a significant rate during the forecast period. Increasing lithium-ion battery manufacturing in the region is driving the demand for flake graphite in application industries such as transportation and energy storage.
*Note:
1.Source: Coherent Market Insights, Public sources, Desk research
2.We have leveraged AI tools to mine information and compile it
