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Carbon and Graphite - Global Market Trajectory & Analytics

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    Report

  • 462 Pages
  • July 2022
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 338573

FEATURED COMPANIES

  • Cabot Corporation
  • Hexcel Corporation
  • Nippon Carbon Co., Ltd.
  • Showa Denko Carbon, Inc.
  • Solvay SA
  • Teijin Limited

Global Carbon and Graphite Market to Reach US$21.5 Billion by the Year 2026


Carbon and graphite finds use in a wide range of applications owing to their excellent thermal and electrical properties as well as extraordinary chemical stability. Graphite is considered to be an ideal material for promoting green technology. It is this attribute that is driving its use in a number of applications in areas such as energy storage, electronic products and photovoltaics. Of all the types of carbon and graphite products, carbon fiber is currently the most sought after material for aviation, wind power, automotive and sporting and leisure goods production due largely to its low weight and high strength properties. Carbon and graphite market prospects are closely tied to the dynamics of major end-use industries, such as steel, transportation, electronics, semiconductor, electronics, solar, and petrochemical, among others. Steel and aluminum production, representing the largest end-markets for graphite electrodes, constitutes a major determinant of demand for electrodes. The past few years have seen graphite demand growth reflecting the trends in the steel industry, with graphite finding use in the form of crucibles or liners for ladles, and as components in firebricks lining furnaces. With steel production having seen continuous increases over the past decade years, the demand for graphite has also witnessed an uptrend.

Amid the COVID-19 crisis, the global market for Carbon and Graphite estimated at US$16.9 Billion in the year 2022, is projected to reach a revised size of US$21.5 Billion by 2026, growing at a CAGR of 5.9% over the analysis period. Carbon & Graphite Electrodes, one of the segments analyzed in the report, is projected to grow at a 5% CAGR to reach US$10 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Carbon & Graphite Fibers segment is readjusted to a revised 8.5% CAGR for the next 7-year period. This segment currently accounts for a 17.1% share of the global Carbon and Graphite market. Carbon electrodes find application in the manufacture of silicon metal, elemental phosphorous and ferro-nickel. Increase in production of electro steel has resulted in an increase in demand for graphite electrodes. Carbon fiber reinforced materials find diverse applications including usage in aircrafts, bodies of racing cars, parts of space crafts, bicycle frames and in such other areas where the characteristics of high strength and light weight are required.

The U.S. Market is Estimated at $1.9 Billion in 2022, While China is Forecast to Reach $8.1 Billion by 2026


The Carbon and Graphite market in the U.S. is estimated at US$1.9 Billion in the year 2022. The country currently accounts for a 11.5% share in the global market. China, the world's second largest economy, is forecast to reach an estimated market size of US$8.1 Billion in the year 2026 trailing a CAGR of 6.7% through the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.1% and 4.9% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 5% CAGR while Rest of European market (as defined in the study) will reach US$685.3 Million by the end of the analysis period. Asia-Pacific has been and will continue to be the largest graphite producer worldwide and is also a major market for almost all kinds of carbon and graphite products. Growth in the region is being driven by steady economic growth and sustained demand emerging from expanding aerospace and automotive sectors, along with the emergence of advanced applications of graphite in fuel cells, pebble-bed nuclear reactors, and solar power systems. Steady growth in demand for steel and other metals is also contributing to the enhanced demand for graphite electrode in Asia-Pacific. In North America, rising sales of electric vehicles and electronic devices such as tablets, mobiles and laptops are expected to translate into considerable opportunities for the Li-ion batteries market, and thus aid demand growth for graphite.

Recycled Carbon Fiber Takes the Market by Storm


Recycled carbon fibers are garnering significant momentum owing to rising demand for high-performance and cost-effective composites coupled with stringent regulations to promote the adoption of green materials. Recycled carbon fiber is an economical and eco-friendly alternative to virgin carbon fiber. Recycled carbon fiber is suitable for use in the manufacture of non-woven and molding compounds, and thermoplastics. They possess similar mechanical properties to virgin carbon fibers. Recycled carbon fibers are derived from waste carbon fibers generated during processing of dry fibers, prepreg scrap sources and thermoset carbon fiber-reinforced composites. Recycled carbon fibers are used to produce carbon fiber reinforced polymers that find applications in the automotive, sports & consumer goods, aerospace and marine industries. The recycled carbon fiber market is driven by increasing uptake of high-performance composites and compelling merits of these fibers including environmental sustainability, lightweight nature, energy efficiency and cost-effectiveness. By reducing the consumption virgin fibers, recycled carbon fibers allow companies in the manufacturing industry to reduce their carbon footprint. The market expansion is favored by increasing use of recycled carbon fibers in the automotive industry along with government regulations that require companies to use around 40-50% of recycled materials. Recycling carbon fibers helps in substantially reducing the quantity of materials entering the landfills. This leads to a 30% cost savings for producers when compared with new carbon fibers. These recycled carbon fibers are used in the production of automotive spare wheel wells, roof panels, chassis panels, bonnet inners, complex interior or exterior components, and floors. Recycled carbon fibers can also increase the payload and reduce the damage caused to railway infrastructure. The fuel economy and efficiency can also be enhanced with recycled carbon fibers.

Carbon & Graphite Powders Segment to Reach $1.7 Billion by 2026


Carbon powder has several scientific and industrial uses and is therefore considered very versatile. Carbon powders generally find applications in metallurgy in the manufacture of steel and for hardening iron and steel. Graphite powder is a fine black powder with a very good lubrication property which is the required attribute for varied applications. Graphite powder also finds applications as a dry lubricant when in its natural form and also as a lubricative additive in colloidal solutions, oils and greases. In the global Carbon & Graphite Powders segment, USA, Canada, Japan, China and Europe will drive the 2.8% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$1.1 Billion will reach a projected size of US$1.3 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$278 Million by the year 2026, while Latin America will expand at a 3.1% CAGR through the analysis period.

Select Competitors (Total 130 Featured):

  • Cabot Corporation
  • Solvay SA
  • GrafTech International Holdings Inc.
  • HEG Ltd.
  • Hexcel Corporation
  • Mersen S.A.
  • Mitsubishi Chemical Holdings Corporation
  • Mitsubishi Chemical Carbon Fiber and Composites, Inc.
  • Morgan Advanced Materials Plc
  • Nippon Carbon Co., Ltd.
  • Orion Engineered Carbons S.A.
  • SGL CARBON SE
  • Showa Denko K.K
  • Showa Denko Carbon, Inc.
  • Superior Graphite
  • Teijin Limited
  • Tokai Carbon Co., Ltd.
  • Toray Industries, Inc.
  • ZOLTEK Corporation

What`s New for 2022?

  • Global competitiveness and key competitor percentage market shares
  • Market presence across multiple geographies - Strong/Active/Niche/Trivial
  • Online interactive peer-to-peer collaborative bespoke updates
  • Access to the digital archives
  • Complimentary updates for one year

FEATURED COMPANIES

  • Cabot Corporation
  • Hexcel Corporation
  • Nippon Carbon Co., Ltd.
  • Showa Denko Carbon, Inc.
  • Solvay SA
  • Teijin Limited

I. METHODOLOGYII. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
  • Carbon and Graphite - Global Key Competitors Percentage Market Share in 2022 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
  • Carbon & Graphite: Materials of Functional & Engineering Value in the Modern World
  • The Race Between the Virus & Vaccines Intensifies. Amidst this Chaotic Battle, Where is the World Economy Headed in 2021?
  • These are Times When Questions Abound & Answers Are Few
  • So How Fast Or Slow Are We Moving?
  • How & When Will the World Be Vaccinated? Global Number of Annual COVID-19 Vaccine Doses (In Million) for Years 2020 through 2025 by Geographic Region/Country
  • Split Scenarios Unfold: The Great Vaccine Divide Emerges
  • Vaccine Imbalances to Stretch the Pandemic Further into 2022: Global Percentage (%) of Population Administered With Vaccines by Region as of October 2021
  • Time is of Essence! What We Know So Far - “Vaccine Efficiency Against New Strains is Decreasing”
  • Progress on Vaccinations, Why Should Businesses Care?
  • With IMF’s Upward Revision of Global GDP Forecasts for 2021, Most Companies Are Bullish About an Economic Comeback Despite a Continuing Pandemic
  • A Strong Yet Exceedingly Patchy & Uncertain Recovery Shaped by New Variants Comes Into Play: World Economic Growth Projections (Real GDP, Annual % Change) for 2020 through 2022
  • Easing Unemployment Levels in 2021 Although Moderate Will Infuse Hope for Industries Reliant on Consumer Discretionary Incomes: Global Number of Unemployed People (In Million) for Years 2017, 2019, 2020, and 2022
  • Everything You Ever Wanted to Know About Carbon & Graphite
  • Global Graphite Volume Production by Natural Graphite and Synthetic Graphite for the Year 2021
  • Recent Market Activity
  • World Brands
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
  • Strong Demand for Activated Carbon (AC) in Water/Air Purification & Automotive Industry Bodes Well for Market Growth
  • Deteriorating Quality of Water: Throws Emphasis on Water Treatment with Activated Carbon
  • Worsening Indoor & Outdoor Air Quality Throws Focus on Activated Carbon for Air Purification
  • Stringent Emission Norms Drives Activated Carbon Demand in the Automobile Sector
  • New Opportunities Emerge for Activated Carbon in Fighting the COVID-19 Pandemic
  • Healthy Outlook for Steel Manufacturing Brings Cheer to Graphite Electrodes Manufacturers
  • A Primary Consumer of Graphite Electrodes, Steel Industry Dictates Demand Patterns for Graphite: Global Consumption of Steel (In Million Metric Tons) for Years 2021, 2023, 2025 and 2027
  • Rise of Carbon Nanotube as a Marvel of Material Science & Engineering Adds Significantly to the Market’s Overall Growth Momentum
  • Unwavering Focus on Automotive/Aircraft Lightweighting Spurs Demand for Carbon & Graphite
  • Future Fleet Expansion Plans Guided by Fuel Efficiency & Strict Emission Regulations to Benefit Demand for Lightweight Aircraft Parts & Components: Global Commercial Aircraft Fleet Projections: Breakdown of Fleet (in Units) by Region for 2019 and 2039
  • High Strength & Low Weight Benefits Drive Demand for Carbon Fibers & Recycled Carbon Fibers in Myriad Applications
  • Global Demand for Carbon Fiber Reinforced Plastics (CFRP) in Thousand Metric Tons for 2020, and 2025
  • Graphite/Graphene Make New Headway in Wearable & Printed Electronics
  • Graphene Ushers in an Era of Metal Free Wearables: Global Market for Wearable Electronics (In US$ Million) for Years 2019, 2021, 2023 and 2025
  • EVs Breathe New Life into Graphene/Graphite Demand
  • Global Opportunity for Commercial EVs (Annual Registrations in Units) for Years 2021, 2023, 2025 & 2027
  • Robust Outlook for Renewable Energy Post Pandemic to Drive Demand for Carbon & Graphite in Solar Panels & Wind Turbines
  • Renewables Outlook
  • What Does it Mean for Graphite?
  • Global Wind Power Installed Capacity (In Gigawatts (GW)) for the Years 2014-2020
  • Refractories: A Major End-Use Market for Natural Graphite
  • Promising Growth from Expanding Energy Storage Applications
  • Graphite Lubrication Rises in Popularity
  • Carbon Footprint of Graphite & Carbon Production, Use & Disposal Causes Concerns
  • Sustainable Solutions & Practices Emerge into the Forefront Amid Rising Concerns
4. GLOBAL MARKET PERSPECTIVEIII. MARKET ANALYSIS
UNITED STATES
  • Carbon and Graphite Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2022 (E)
CANADA
JAPAN
  • Carbon and Graphite Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2022 (E)
CHINA
  • Carbon and Graphite Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2022 (E)
EUROPE
  • Carbon and Graphite Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2022 (E)
FRANCE
  • Carbon and Graphite Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2022 (E)
GERMANY
  • Carbon and Graphite Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2022 (E)
ITALY
UNITED KINGDOM
  • Carbon and Graphite Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2022 (E)
SPAINRUSSIAREST OF EUROPE
ASIA-PACIFIC
  • Carbon and Graphite Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2022 (E)
AUSTRALIA
  • Carbon and Graphite Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Australia for 2022 (E)
INDIA
  • Carbon and Graphite Market Presence - Strong/Active/Niche/Trivial - Key Competitors in India for 2022 (E)
SOUTH KOREAREST OF ASIA-PACIFIC
LATIN AMERICA
  • Carbon and Graphite Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Latin America for 2022 (E)
ARGENTINABRAZILMEXICOREST OF LATIN AMERICA
MIDDLE EAST
  • Carbon and Graphite Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Middle East for 2022 (E)
AFRICA
  • Carbon and Graphite Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Africa for 2022 (E)
IV. COMPETITION
  • Total Companies Profiled: 130

A selection of companies mentioned in this report includes:

  • Cabot Corporation
  • Solvay SA
  • GrafTech International Holdings Inc.
  • HEG Ltd.
  • Hexcel Corporation
  • Mersen S.A.
  • Mitsubishi Chemical Holdings Corporation
  • Mitsubishi Chemical Carbon Fiber and Composites, Inc.
  • Morgan Advanced Materials Plc
  • Nippon Carbon Co., Ltd.
  • Orion Engineered Carbons S.A.
  • SGL CARBON SE
  • Showa Denko K.K
  • Showa Denko Carbon, Inc.
  • Superior Graphite
  • Teijin Limited
  • Tokai Carbon Co., Ltd.
  • Toray Industries, Inc.
  • ZOLTEK Corporation