Synthetic Graphite Market: Introduction
Graphite is a mineral which is a crystalline form of carbon and is used a constituent material in various end use industries and products such as refractories, insulating materials, batteries and carbon reinforced composite materials etc. It primarily exists in two types Natural & Synthetic Graphite.
Synthetic Graphite or Man-Made form of Graphite is extracted from refining of Hydrocarbon materials such as Petroleum Coke, and Coal Tar etc. Though it has carbon content identical to the Natural type, yet it differs, being much purer in terms of carbon content. Synthetic Graphite has significant characteristics such as thermal and electric conductivity, resistance to corrosion, light weight and sturdiness which has gained attention from OEMs of various sectors. Synthetic Graphite finds its use as a primary material in Battery Anodes and Welding Electrodes. The product is also commonly used as a material in Carbon Fibre Reinforced Plastics used in aerospace, sports equipment, automobile frames etc.
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Synthetic Graphite Market: Dynamics
The major producers of Synthetic Graphite are based in Asia, North America & Europe, owing to the established petrochemical refineries in the respective regions. The market is a competitive type in terms of pricing. Of these, China is the major producer which caters to its large sized domestic market and also is the leading international exporter. The nation whose production costs has increased due to domestic labor, environmental compliance process etc. is currently emphasizing on sale of value added products making it better placed than the other geographic regions. The market is currently witnessing low-demand, high supply pattern, which is expected to change with respect to increase in demand from North American, South East Asian & European industries.
Synthetic Graphite Market: Segmentation
Synthetic Graphite as product is available in two basic forms: electrodes and graphite blocks. The product can also be classified into following types such as: Isotopic Graphite, Extruded Graphite, Specialty Extruded Graphite and Molded Graphite. Synthetic Graphite can be classified on the basis of following end industry application types:
- Batteries & Energy Devices – Alkaline, Ni-Cd, Zinc Carbon and Lithium Ion Batteries, Fuel Cells, Lead Acid and Supercapacitors etc.
- Welding & Metal Fabrication- Electrodes for production of recycled steel, Molds for continuous casting
- Nuclear Energy- used as a neutron moderator
The use of synthetic graphite has also given birth to a by-product known as “Secondary Graphite” resulting from the use of electrodes and blocks. Moreover, the quality is comparable to that of Natural Graphite and can compete with the same as far as application is concerned, but has a lower preference than natural graphite owing to high cost of the parent synthetic graphite. Synthetic Graphite has the higher consumption rate especially in the battery and metal fabrication industry in the form of electrodes being more consistent than natural type.
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Synthetic Graphite Market: Key Players
The Key Players involved in manufacturing & production of Synthetic Graphite are BTR New Energy Materials INC. Mersen, Asbury Carbons, XRD Graphite Manufacturing Co., Ltd., Lianyungang Jinli Carbon Co., Ltd., Qingdao Kropfmuehl Graphite Co., Ltd., BaoFeng JieShi Carbon Material Co. Canada Carbon Inc., IMERYS Graphite & Carbon Switzerland Ltd, apart from other existing local and regional manufacturers of the respective regions.
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