Graphite Market 2016: Industry Analysis, Market Size Report by Credence Research
According to a new market report published by Credence Research “Global Graphite Market Growth, Future Prospects and Competitive Analysis, 2016 – 2023,” the Graphite market is expected to reach over US$ 20.8 Bn by 2023, expanding at a CAGR of 3.8% from 2016 to 2023. Market Insights Graphite is flexible and has both metallic and non-metallic properties making it suitable for diverse industrial applications. The non-metallic properties include chemical inertness, high thermal resistance and lubricity, whereas metallic properties include thermal and electrical conductivity. Due to developments in battery technologies related to the emerging electric vehicle and green energy markets; graphite has recently been the focus of numerous companies. Global graphite production has risen from 100,000 tpa in the early 1900s to estimated 1.2 mtpa in 2014 at a compound annual growth rate (CAGR) of just over 2%. According to United States Geological Survey (USGS) China is the wo...