Specialty Synthetic Graphite Market Analysis :
Specialty synthetic graphite or man-made form of graphite is extracted from refining of hydrocarbon materials such as petroleum, coke, and coal tar. These are composed of highly graphitizable forms of carbon. Specialty synthetic graphite is known for its ability to withstand high temperatures and corrosion. Specialty synthetic graphite is more durable than natural graphite. The product is commonly used as a material in carbon fiber-reinforced plastics used in aerospace, sports equipment, and automobile frames. Moreover, specialty synthetic graphite exhibit significant characteristics such as thermal &electric conductivity, resistance to corrosion, lightweight, and sturdiness. Therefore, it is gaining attention from OEMs in various sectors. Rise in demand for smartphones owing to increase in competition among mobile phone players is propelling the growth of the specialty synthetic graphite market.
COVID-19 scenario analysis
Post COVID-19, the global electronics industry has faced many problems. The electronics parts manufacturing facilities were shut down due to the logistics slowdown and the worldwide unavailability of the workforce. On the other hand, numerous e-commerce companies such as amazon worldwide have discontinued the distribution of non-essential goods that affected the electronics sector. Several major economies, including the U.S., South Korea, Japan, and Italy are under threat of COVID-19, including consumer electronic industry. Retail shops &showrooms, supermarkets, and hypermarkets have been shut down for a definite period of time to prevent further spread of the virus. These factors impact the growth of specialty synthetic graphite market.
Market scenario analysis
Specialty synthetic graphite helps to provide the high purity and precision needed for applications operating at high temperatures and in an extremely corrosive environment, thus boosting market growth. Developments in China in the graphite electrode industry may continue to positively impact the global market growth. Moreover, product innovations and increase in scope of application have significantly contributed toward the growth of the market. However, low prices of natural graphite are hampering the specialty synthetic graphite market.
Specialty synthetic graphite is majorly used in the electronics industry. Applications in the electronics industry for specialty synthetic graphite products include the manufacture of silicon semiconductor, compound semi-conductor, LED chips, lithium-ion batteries, LCD panels, and hard disk. Moreover, the use of synthetic graphite has led to the production of a by-product known as “secondary graphite” resulting from the use of electrodes and blocks. In addition, the quality is comparable to that of natural graphite and can compete with the same as far as application is concerned. Furthermore, products such as expandable and spherical type of synthetic graphite have been introduced by the manufacturers to earn profits against the regular prototypes incurring high production costs.
Market drivers and restraints
Rise in demand for smartphones is propelling the growth of the specialty synthetic graphite market. Furthermore, surge in demand for electronics has propelled the specialty synthetic graphite market growth. The indirect applications of specialty synthetic graphite in industries such as sports equipment and automotive & aerospace is expected to further boost the market demand. In addition, increase in demand for electrical cars is anticipated to provide various opportunities for the graphite market, as it is used in the form of battery. However, low prices of natural graphite are hampering the specialty synthetic graphite market.
Key benefits of the report:
- This study presents the analytical depiction of the global specialty synthetic 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 specialty synthetic graphite market share.
- The current market is quantitatively analyzed to highlight the global specialty synthetic graphite market growth scenario.
- 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 speciality synthetic graphite market research report:
- Which are the leading players active in the global specialty synthetic 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?
Specialty Synthetic Graphite Market Report Highlights
Key Market Players
SGL Group, Mersen, IBIDEN, Morgan, GrafTech, Toyo Tanso, Nippon Carbon, Entegris, SEC Carbon, Tokai Carbon