Expanded Graphite Market: Global Opportunity Analysis and Industry Forecast, 2022-2029

Expanded Graphite Market Analysis 2020-2027:

Expanded graphite is a form of intercalated graphite, usually known as extensible flake, or intumescent flake graphite, that expands when heated. Expanded graphite is created by processing crumb graphite with different intercalation solvents such as acids, which are free to migrate in the presence of heat between the graphite layers. When crumb graphite, after the intercalation process, is exposed to hot weather conditions, the intercalation substances disintegrate into gaseous products, which exert pressure between the graphene layers. This extreme pressure produces sufficient force that forces the graphite planes apart. This results in an improvement in the volume of graphite and surface area, which further decreases the graphite unit weight. In addition, the coarser flake graphite exhibits flexural strength relatively higher than the tiny flake graphite, and not all graphite is extensible. Expandable graphite possesses many unique features, such as lightness, tensile radiation, resistance to radiation, heat resistance, and superior corrosion resistance.

Market scope and structure analysis

Key drivers of global expanded graphite market

Government and representatives across the world are implementing regulations authorizing the use of fire-resistant building resources to mitigate the risk of fire in residential and nonresidential complexes. Thus, increase in concerns about building fires is a major factor that boosts the growth of the global expanded graphite market. In addition, rise in industrial and commercial construction activities due to the growing population drives the need to build more fire-resistant and smoke-proof structures. 

Market scenario: opportunities and challenges

Expanded graphite plays an integral role in the manufacturing of fire-resistant building materials. Thus, rise in construction actives augments the demand for expanded graphite, thus boosting the market growth. Moreover, increase in ban on hazardous fire-resistant materials such as brominated or fire-resistant materials based on asbestos in gaskets, buildings, and other products that require fire-resistant materials is expected to provide lucrative opportunities for the growth of the expanded graphite market. Limited supply of expanded graphite, however, will serve as substantial market constraint. China, which is considered a leading producer of expanded graphite, is struggling to sustain production due to environmental restrictions imposed by government authorities on graphite mining.

COVID-19 scenario analysis

Owing to the outbreak of the COVID-19 pandemic, the global expanded graphite market is expected to witness a slowdown during the next couple of years. Alarming rise in the cases of COVID-19 has had an adverse impact on the expanded graphite industry with manufacturing facilities temporarily shut, leading to a significant slowdown in the production. In addition, recent decline in construction activities is one of the key factors that is likely to negatively impact the growth of the expanded graphite market. The outbreak has further enforced supply chain participants to move out their production facilities out of China, thereby reducing their over-reliance on the country.

Key segments covered

Key benefits of the report

• This study presents the analytical depiction of the global expanded graphite industry along with the current trends and future estimations to determine the imminent investment pockets.
• The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global expanded graphite market share.
• The current market is quantitatively analyzed from 2019 to 2027 to highlight the global expanded graphite market growth scenario.
• Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market. 
• The report provides a detailed market analysis depending on competitive intensity and how the competition will take shape in coming years. 

Questions answered in the global expanded graphite market research report:

• Which are the leading market players active in the expanded graphite market?
• What are the current trends that will influence the market in the next few years?
• What are the driving factors, restraints, and opportunities of the market?
• What are the projections for the future that would help in taking further strategic steps?

 Key Market Segments & Key Market Players