Silver Graphite Market Expected to Reach $204.5 Million by 2031—Allied Market Research

According to a new report published by Allied Market Research, titled, “Silver Graphite Market," The silver graphite market was valued at $119.2 million in 2021 and is estimated to reach $204.5 million by 2031, growing at a CAGR of 5.6% from 2022 to 2031.

Silver graphite is a dark pewter with a fine silver metallic and sandpaper-like texture. This color is a polyester texture powder coat and has a flat finish. Silver graphite materials are manufactured utilizing silver powder and high-purity graphite. The chemical resistance of silver has a positive effect when utilized under varying climatic conditions.

Auxiliary and small silver graphite brushes are used in automobiles for direct current (DC) motors, alternators, and starters. A device that transforms mechanical energy into electrical energy is an alternator. They typically consist of wire-coiled rotors that, when an electric current passes through them, produce a magnetic field. Silver graphite brushes are frequently employed in the automotive sector and may be found in the majority of motorcycles, passenger automobiles, diesel cars, and trucks to provide electric current to the wire coils in alternators. Instead, battery-powered vehicles like cable cars, trolleybuses, and buses employ industrial silver graphite brushes, which are typically made to withstand high temperatures in machinery.

Increased demand from renewable energy generation will drive the demand for silver graphite. There are various renewable sources of energy such as wind, hydropower, solar, geothermal, and bioenergy. It is estimated that around 7.0% of the global energy demand is fulfilled by renewable energy sources, currently. Increasing demand for silver graphite in the renewable energy sector will drive the silver graphite market. The costs of renewable energy are falling as a consequence of rising technological advancements, and the market for renewable energy is expanding as a result of the rising competitiveness of battery storage systems. Huge investments are being made in the adoption of renewable energy sources as a result of the growing global concerns about climate change and ESG.

Nowadays, electrical equipment is considered to be practically essential for a significant number of operations related to the industrial sector, commercial sector, and sectors associated with home installations. It is gradually growing more complex. Because of this, there has unquestionably been a significant rise in the consolidation of numerous large-scale industries focused on circuit protection (MCB and MCCB) and general modern equipment protection.

The need for durable and high-performance silver coatings for such high-power applications in electromobility applications is providing a lucrative opportunity for the silver graphite market. Silver graphite dispersion electrolyte is especially used for coating connector contacts in high-power applications like high-power charging (HPC). Silver graphite coatings are widely used in the automobile industry. The increase in population is driving the demand for automobiles which is projected to provide a lucrative opportunity for silver graphite. However, silver graphite dust can cause short circuits since it is electrically conductive, and accumulations of dust on electrical equipment can do the same. This may hinder market growth.

Silver graphite with vertical orientation is oriented in the direction with their high thermal conductivity. Silver graphite with vertical orientation has better arc erosion resistance compared with other graphite structure. Silver graphite tips with vertical graphite particle orientation are produced in a specific sequence: Extrusion to rods, cutting of double thickness tips, burning out of graphite to a controlled layer thickness, and a second cutting to single tips. Such contact tips are especially well suited for applications that require, both a high weld resistance and a sufficiently high arc erosion resistance. For attachment of silver graphite tips welding and brazing techniques are applied. silver graphite tips with vertical graphite orientation the contacts are assembled with single tips.

Random oriented silver graphite are used in medium weld resistance applications. Strength, hardness and stiffness of randomly oriented silver graphite is low as compared to vertical oriented and greater than as compared to parallel orientation.

Several developing countries are running electrification programs to connect rural areas to the grid. Other countries are further trying to combine different grid zones to form a mega-countrywide grid. The increase in the availability of electricity is propelling fast-paced infrastructure development, leading to the availability of abundant electrical energy.

Asia-Pacific is analyzed across the China, Japan, India, South Korea, and rest of Asia-Pacific. China occupies a dominant share in the market, owing to presence of electrical and renewable energy generation industry. Countries such as China, India and Japan are observing tremendous investments for renewable energy generation, owing to rapid industrialization.Rise in awareness regarding the harmful effects of the fossil fuels on the environment, surge in government initiatives to promote the adoption of clean and green energy, increase in public and private efforts to curb carbon emission, and surge in adoption of green energy among the consumers are the major factors expected to foster the growth of the global renewable energy.

Increased renewable energy generation activities is driving the demand for silver graphite in the region. Rise in industrialization and urbanization in the developing countries in Asia-Pacific such as China and India is expected to drive the demand for the various renewable energy sources like wind energy and solar energy during the forecast period. Government initiatives are playing a crucial role in the adoption of renewable energy across various end user applications. These factors are driving the demand for silver graphite in the region.

In order to encourage sustainability and the preservation of the environment, governments in both developed and developing nations are providing subsidies to the corporate sector. The environmental impact of graphite recycling is acting as a market restraint and increasing demand from developing regions will provide lucrative opportunities for the silver graphite market.

By type, the silver graphite market is segmented into 1-5 μm, 5-40 μm, 20-160 μm, and Others. On the basis of graphite structure, the silver graphite market is divided into vertical, parallel, and random. The application covered in the report are circuit breakers, contactors, brushes, and Region-wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

The key players operating in the global silver graphite market are Carbon Brush Company Private Limited, Modison Limited, Fabricast, Inc, KARBOTECHNIK, Helwig Carbon Products, Inc., Guilin Coninst Electrical and Electronic Material Co. Ltd, Morgan Advanced Materials, irupati Carbon Products PVT LTD (TCP), St. Marys Carbon, and Umicore.

Key Findings Of The Study:

• By graphite structure, the parallel segment emerged as the global leader by acquiring around 61.1% market share in 2021 in terms of revenue, and is anticipated to be the largest market during the forecast period.
• On the basis of type, the 20-160 μm emerged as the global leader, registering 45.3% market share in 2021 in terms of revenue, and is anticipated to continue its dominance during the forecast period.
• By Application, Circuit breaker has garnered major market share i.e. 37.6% in 2021 and is expected to maintain its dominance during the forecasted period.
• Region wise, Asia-Pacific is the major consumer of silver graphite among other regions. It accounted for around 33.7% of the global market share in 2021 as a result of rapid growth in the automotive and industrial sector across the region.