Construction Industry

  Market Scope The  Graphite Market   is projected to be worth USD  30.56 Billion  by  2030 , registering a CAGR of  9.35%  during the forecast period (2021 - 2030), The market was valued at USD  16 billion  in  2021 . Top Boosters and Challenges Graphite’s excellent characteristics, such as high thermal and electrical conductivity, along with high electron mobility and permeability have boosted its application scope across industries. Graphite is used extensively in clutch materials, gaskets, exhaust systems, cylinder heads and motors of automobiles. Its demand in the construction industry is also anticipated to rise significantly over the coming years. The escalating steel production across the world could also work in the graphite market’s favor, while the mounting aircraft production as well as sales can bolster the demand for graphite that are lightweight. Another key application of graphite is in the production of nuclear mode...

  Graphite Market is projected to be worth USD 30.56 Billion by 2030, registering a CAGR of 9.35% during the forecast period (2021 - 2030). The production of graphite via temperature treatment of carbon precursors as well as the inclination towards alternatives will shape the industry. The global graphite market report by Market Research Future (MRFR) highlights the production methods, efforts put in quality, and strategies for scaling for the period of 2021 - 2030. Market Scope The global  Graphite Market  is set for a humongous growth spurt during the forecast period owing to demand for the material in aerospace and steel industries. High demand for lightweight aircraft and shift to low carbon emitting vehicles can drive the market growth. In addition, the acceptance of electric and hybrid vehicles is an indicator of the large potential for graphite. The use of graphite in lithium ion powered batteries will bode well for the market. Increase in steel production and...