Graphite Coatings Market

Graphite Coatings Market Outlook - 2020–2027

The global graphite coatings market was valued at $0.6 billion in 2019, and is projected to reach $0.9 billion by 2027, growing at a CAGR of 6.82% from 2020 to 2027. There are different coating methods for modification of graphite characteristics that includes impregnation of pyrolytic carbon, SiC, PTFE, methacrylate resin, and antimony. Graphite coating offers benefits such as corrosion resistance, clearance control to abradables and abrasives, and temperature management. Graphite coating with mixture of pyrolytic carbon offers smooth surface, enhanced density, strength, hardness, and low porosity making it permeable to fluids and gases. Graphite coating with SiC compound helps to seal graphite particles efficiently and also enhances permeability toward inert gases and chemicals coupled with advantages such as hardness, prohibits oxidation, and thermal conduction. Graphite coating with PTFE compound offers resistance toward acids and eliminates porosity without degrading thermal characteristics of the coating. Addition of methacrylate resin to graphite coating enhances sealant capacity while addition of antimony enhances wear resistance. 

Graphite coating can be effectively used for the applications that need to be operated at elevated temperature range upto 3000 degree Celsius. It can also be used for repairing broken graphite trays, components, fixtures, filling of cervices, and bonding of graphite clothes. These factors are predicted to augment the demand for the global graphite coatings market during the forecast period. Graphite coating in form of spray is widely adopted in applications such as lubrication of metals, plastics and rubber products without use of grease material. In addition, other applications of graphite coating include sealing of rigid graphite insulations, graphite felt, porous edges, and carbon fiber composite components. These are the growth factors in the global market. However, long time exposure to graphite coating and inhalation of graphite coating may lead to scarring of the lungs. Moreover, other health related issues such as chest pain, shortness of breath, abdominal pain, and cough is predicted to hamper the graphite coatings market growth. Technological development of graphite coating for widening the application of the product is predicted to offer new opportunity in the upcoming period. For instance, new design criteria of metallic bipolar plates has been developed that use pure graphite coating on metal substrates. These plates are widely used in proton-exchange membrane fuel cells (PEMFC).  

The global graphite coatings market is segmented on the basis, end-use and region. Based on application, the global graphite coatings market is categorized into lubrication, anti-seize agent, release agent, and others. Based on end-use, the global market is segmented into automotive, display & sensors, metal coating and others. On the basis of region, the global graphite coatings market is studied across North America, Europe, Asia-Pacific, and LAMEA. Asia-Pacific accounts for the largest share in the global market, followed by Europe and North America. The major companies profiled in this report include Imerys Graphite & Carbon, Asbury Carbons, Mersen, Elcora Advanced Materials Corp., Triton Minerals, CONDAT Corporation, Whitford, Van Sickle Paint Mfg. Company, Final Advanced Materials, and BECHEM.

Graphite coatings market, by region

The Asia-Pacific graphite coatings market size is projected to grow at the highest CAGR of 7.90% during the forecast period. Rise in automotive sector coupled with increase in demand for graphite coating over ceramic coating in the U.S. is the major factor that is dominating the graphite coatings market in this region. In addition, rise in demand for graphite coating in aerospace segment and improved number of R&D activities carried out in Asia-Pacific is also contributing toward the growth of the market in this region.

Graphite coatings market, by application

In 2019, the lubrication application was the largest revenue-generating segment, and is anticipated to grow at a CAGR of 7.20% during the forecast period. While, the release agent application is predicted to reach $228.1 million by 2027.

Graphite coatings market, by End-use

In 2019, the automotive end-use was the largest revenue generating segment, and is anticipated to grow at a CAGR of 7.20% during the forecast period. While, the metal coating end-use is predicted to reach $231.9 million by 2027.

Key benefits for stakeholders

• Porter’s five forces analysis helps analyze the potential of buyers & suppliers and the competitive scenario of the industry for strategy building.
• It outlines the current market trends and future estimations from 2019 to 2027 to understand the prevailing opportunities and potential investment pockets.
• The major countries in the region have been mapped according to their individual revenue contribution to the regional market.
• The key drivers, restraints, and opportunities and their detailed impact analysis are explained in the study.
• The profiles of key players and their key strategic developments are enlisted in the report.

Impact Of Covid-19 On The Graphite Coatings Market

• The COVID-19 pandemic has negatively affected the global economy and subsequently reduced the GDP in global economies, thereby changing consumer spending patterns globally.
• The global graphite coatings market saw a negative effect due to COVID-19 pandemic. The major consumers of graphite coating are automotive, electronics, and aerospace sectors. COVID-19 pandemic has put forward several challenges for automotive manufacturers across the globe. COVID-19 pandemic has reduced the overall revenue by $1.5-2.0 billion per month in India. In addition, further decline in demand for passenger vehicles has impacted negatively on the graphite coatings market. 
• Coupled with COVID-19 pandemic several other factors such as goods & services tax (GST), shift to shared mobility, axle-load reforms, the switch from BS 4 to BS 6 transition, and liquidity crunch has negatively affected the automotive sector. This in turn has impacted negatively the global graphite coatings market in the pandemic.  
• Graphite coating is also majorly used in display and sensors. The outbreak of COVID-19 coupled with tariff war between the U.S. and China has forced relocation of major key-players that are involved in manufacturing of display and sensors.  IPC is a trade organization that is set up in order to advocate, educate and support the electronics industry. According to a survey by IPC, there was delay in shipments due to disruption in supply chain and travel restriction put forward by governmental organizations. 

 Graphite Coatings Market Report Highlights