Valued to be $21.5 Billion by 2026, Carbon and Graphite Slated for Robust Growth Worldwide

·8 min read

SAN FRANCISCO, Dec. 8, 2021 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Carbon and Graphite - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.

Carbon and Graphite
Carbon and Graphite

Edition: 19; Released: November 2021
Executive Pool: 1216
Companies: 130 - Players covered include Celanese Corporation; Daicel Corporation; Eastman Chemical Company; Mitsubishi Chemical Corporation; Sichuan Push Acetati Co., Ltd. and Others.
Coverage: All major geographies and key segments
Segments: Product Type (Carbon & Graphite Electrodes, Carbon & Graphite Fibers, Carbon & Graphite Powders, Other Product Types)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.

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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. Carbon and graphite products are also used for improving product performance. Graphite has been identified as a critical and strategic mineral by several governments across the world, including Europe and the US, owing to the fact that graphite finds use in a number of energy-related applications, including fuel cells, EVs, Pebble bed nuclear reactors, solar panels, as well as electronic products like laptops and smartphones. Graphite is also 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$15.3 Billion in the year 2020, 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 $1.8 Billion in 2021, While China is Forecast to Reach $8.1 Billion by 2026
The Carbon and Graphite market in the U.S. is estimated at US$1.8 Billion in the year 2021. 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.

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 in the year 2020 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. More

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About Global Industry Analysts, Inc. & StrategyR
Global Industry Analysts, Inc., ( is a renowned market research publisher the world`s only influencer driven market research company. Proudly serving more than 42,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for over 33 years.

Zak Ali
Director, Corporate Communications
Global Industry Analysts, Inc.
Phone: 1-408-528-9966

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