Graphite Market is Expected to be Worth US$26.8 Bn by 2025 From US$16.4 Bn in 2017, Registering a CAGR of 8.5%

London, July 11, 2022 (GLOBE NEWSWIRE) -- The global graphite market was valued at US$16.4 Bn in 2017 and is estimated to reach US$26.8 Bn by the end of 2025 , says the latest report by Fairfield Market Research. The 8.5% CAGR rise for the market between 2021 and 2025 will be a fuelled by the increasing sales of electronic vehicles (EVs). The growing demand for Li-on batteries for EVs is expected to accelerate market growth, predicts the research report. Key Highlights: Natural flake graphite to lead with 9.5% CAGR in terms of value between 2021 and 2025 Batteries to exhibit a 17.9% CAGR in terms of volume between 2021 and 2025 Synthetic graphite remains preferred materials for battery anodes Asia Pacific retains its position as the largest consumer of graphite as it registers a growth rate of 9.1% in terms of value between 2021 and 2025 Looking For a Sample Copy of This Report? Request the Same Here: https://www.fairfieldmarketresearch.com/report/graphite-market/request-sample Attention Turns to Natural Flake Graphite Between the forecast years, the demand for natural flake graphite is expected to surpass synthetic graphite, predict analysts. The remains the fastest-growing product segment as the demand for rechargeable batteries surges. Its application across lubricants, expendables, friction materials, batteries, recarburisers, refractories, foundries, and castings is expected to give the segment a leg up. The report states that natural flake graphite holds about 50% share in the global graphite market. Steel Production to Drive Demand The demand for steel is expected to be the key undercurrent for the flouring steel market. As the economies recover in the post-pandemic world, report predicts that electric arc furnace (EAF) steelmaking process will be in high demand. Its relatively eco-friendly nature and urgent need to make production processes carbon neutral are expected to support the growth of EAF technology, which demand graphite electrodes as the indispensable heating element. The revival of the construction and building, automotive, electronics, and aerospace industries will create an upward trend in the global graphite market. Do You Have Any Query or Specific Requirement? Request Customization of Report: https://www.fairfieldmarketresearch.com/report/graphite-market/request-customization Asia Pacific Remains Front Runner Asia Pacific is expected to be the key consumer of graphite as India and China are integral manufacturing hubs for the world. As of 2019, Asia Pacific held a 55% share in terms of volume. Some of the key players operating in the graphite market are Imerys, Novonix, Shanshan Technology, Shenzhen BTR New Materials, Nacional de Grafite, Showa Denko Materials Co. Ltd., Aoyu Graphite Group, and Qingdao Haida Graphite Co., Ltd. REPORT SCOPE & SEGMENTATION: Full story available on Benzinga.com