Global Carbon & Graphite Market to Exceed $8.1 Billion by 2012, According to New Report by Global Industry Analysts, Incadmin
Competition in the carbon and graphite products market is intense, particularly with regard to price, quality and service. Producers of graphite have regained their pricing power on account of global consolidation by numerous graphite electrode producers. Carbon products find application in areas including steel and aluminum production, glass making, aerospace industry, nuclear power, and electronics while graphite products are used in applications such as brake linings, foundries, lubricants, and batteries.
China and India are the leading producers of graphite in the world, accounting for nearly 80% of global graphite production. Japan leads in the production of carbon fibers, followed by United States and Europe. US carbon & graphite market is projected to reach $2.3 billion by 2010, as stated by Global Industry Analysts, Inc. Asia-Pacific region is expected to offer the highest growth opportunity. Carbon and graphite market in Asia-Pacific is projected to record a CAGR of over 4% for the period 2000-2010.
Carbon & graphite electrodes market in Europe is projected to reach $795 million by 2010. Global graphite electrodes market is projected to grow at a compounded annual rate of approximately 2.7% over the period 2000-2010. Carbon and graphite industry prospects are heavily tied to the end-use industries, including aluminum and steel. The increasing per capita steel consumption in China and India are primarily accelerating the worldwide steel consumption. Innovations in steel grades, growing acceptance, and extensive variations of properties of steel are largely widening its broad spectrum of applications.
Developing regions of the world, primarily the Asian countries are the major growth areas for carbon black. Primary reasons for the fast-paced growth include increased global activity, bolstered tire production levels and greater output of original equipment and aftermarket automotive components. Apart from high margins, the robust strategic position in special blacks facilitates suppliers with greater security from cyclicality in tire, interconnected rubber, and motor vehicle industries.
The report titled “Carbon & Graphite: A Global Strategic Business Report” published by Global Industry Analysts, Inc., provides a comprehensive review of market trends, drivers, product overview, competition, product introductions/innovations, and recent industry activity. The study analyzes market data and analytics in value sales for regions such as the US, Canada, Japan, Europe, Asia-Pacific and South America for the period 2000-2015. Product segments analyzed include Carbon & Graphite Electrodes (Carbon Electrodes and Graphite Electrodes) and Other Carbon & Graphite Products (C&G Automotive Brushes, C&G Industrial Brushes & Contacts, C&G Brush Plates, C&G Fibers, C&G Products for Electrical Uses, C&G Products for Mechanical Uses, C&G Products for Aerospace Uses, and C&G Products for Other Uses).
Key players dominating the global carbon & graphite market include Cabot Corporation, Carbone Lorraine, Evonik Degussa, Grafil, GrafTech International, HEG Ltd., Hexcel, Mitsubishi Rayon, Morgan Crucible, Morgan Industrial Carbon, Nippon Carbon, SGL Carbon, Showa Denko Carbon, Superior Graphite, Toho Tenax, Tokai Carbon, Toray Industries and Zoltek.
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Global Industry Analysts, Inc., (GIA) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world’s largest market research publishers. The company employs over 700 people worldwide and publishes more than 880 full-scale research reports each year. Additionally, the company also offers a range of over 60,000 smaller research products including company reports, market trend reports, and industry reports encompassing all major industries worldwide.
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