Global Spherical Graphite Market to Reach $4.95 Billion by 2023

DUBLIN, Sept. 18, 2018 /PRNewswire/ --

The "Global Spherical Graphite Market: Focus on Type (Natural and Synthetic) and Application (Consumer Electronics, Transportation Batteries, and Energy Storage) - Analysis and Forecast, 2018-2023" report has been added to ResearchAndMarkets.com's offering.

Global Spherical Graphite Market to Reach $4.95 Billion by 2023

The climatic instability and rising pollution concern coupled with the depleting fossil fuel reserves have accelerated the adoption of alternative sources of energy. The issue of sustainability to meet the global energy demand at present and in the future as well, has led to a transitioning phase from using fuel reserves to renewable energy sources such as batteries. Over the years, the battery industry has gone through a lot of evolution to serve the energy requirements, such as long battery lives and high energy storage capacity, among others, in an efficient way. A major innovation in the battery industry is lithium-ion batteries, whose demand is largely driven up by significant increase in the inclusion of electric vehicles for transportation purpose.

Spherical graphite is a niche technology contributing to the ongoing energy storage revolution by accelerating the performance of lithium-ion batteries. It is majorly used as a battery anode material in the lithium-ion batteries. The demand for battery anode material is rising, owing to the upsurge in the demand for lithium-ion batteries.

The spherical graphite used in the batteries is of two types namely- synthetic graphite and natural spherical graphite. Traditionally synthetic spherical graphite was used as battery anode material, but now its demand is outpaced by the natural spherical graphite, a new alternative which is cheaper and has minimal carbon footprint. This alternative is being preferred by the consumers, owing to its environment friendly formation process. The technology is at a nascent stage and the producers are yet to master the usage of natural spherical graphite efficiently. Moreover, it is a cost effective and an environment friendly option.

Currently, China dominates the production and consumption of spherical graphite. The enforcement of government policies has been acting both as driving and restraining factors for the growth of spherical graphite market in China. Various environmental regulations have led factories to cut down on their production limits. On the contrary in order to bring a renaissance in the road transport, China has been promoting the growth of electric vehicles and lithium-ion batteries as a part of energy storage solution. These dynamics have somehow changed the supply and demand pattern of the spherical graphite market in China. However, it would be interesting to see the growth patterns of other regions in the capacity utilization and production of spherical graphite market. The growth of spherical graphite has gained momentum, since the advent of giga-factories. The upcoming giga-factories are expected to generate constant demand for battery anode materials, leading to several players investing in the production of spherical graphite.

The spherical graphite market revolves around the major applications which include consumer electronics, transportation batteries, and energy storage. The transportation batteries generate a large share of the market revenue owing to the high cost of synthetic spherical graphite which is the choice-of-material for this application. The expected increase in the demand for electric vehicles would drive the growth for spherical graphite usage in transportation batteries application.

The Asia-Pacific region occupied the highest market share in terms of value and volume currently. The Asia-Pacific market, followed by North America and Europe, is expected to show the fastest growth during the forecast period. The upcoming giga-factories for lithium-ion batteries are expected to accelerate the growth of spherical graphite in the mentioned regions.

Competitive Landscape

The latest strategies and developments adopted by the key market players in order to lead the spherical graphite market are discussed in this section. Companies in order to grow, work in collaboration with the top market leaders, acquire the relatively weaker companies, bring new products and services to the market, and improve the existing products.

Battery Minerals Limited has been partnering with a number of institutions and organizations for further development and commercialization of spherical graphite. In June 2018, Metals Australia Ltd, signed an MOU with Weihai Nanhai Carbon Ltd, in order to develop a graphite mine in Canada. Weihai Nanhai Carbon Ltd, is also evaluating samples of graphite concentrate for the production of spherical graphite. Battery Minerals Limited, signed MOUs with multiple companies to facilitate the production of spherical graphite.

Spherical graphite market offers immense opportunities for growth to the existing as well as potential producers. The market is expected to show good growth, owing to the increasing demand for lithium-ion batteries across different applications.

Key Topics Covered:

Executive Summary

1 Market Dynamics
1.1 Drivers
1.1.1 Upcoming Giga-factories for Lithium-ion Batteries
1.1.2 Regulatory Push for Electric Vehicles
1.1.3 Improving the Fuel Economy
1.2 Restraints
1.2.1 Environmental Hazards of Spherical Graphite
1.2.2 High Cost of Synthetic Spherical Graphite Production
1.3 Opportunities
1.3.1 Increased Adoption of Electric Vehicles
1.3.2 Opportunity to Reduce the Purification Cost

2 Competitive Landscape
2.1 Key Market Developments and Strategies
2.1.1 Partnerships, Agreements, and Collaborations
2.1.2 Business Expansion

3 Industry Analysis
3.1 Supply Chain Analysis
3.2 Key Suppliers of Spherical Graphite
3.3 Opportunity Matrix
3.4 Industry Attractiveness
3.4.1 Threat of New Entrants
3.4.2 Bargaining Power of Buyers
3.4.3 Bargaining Power of Suppliers
3.4.4 Threat from Substitutes
3.4.5 Intensity of Competitive Rivalry

4 Global Spherical Graphite Market (by Type)
4.1 Assumptions and Limitations
4.2 Market Overview
4.3 Natural Spherical Graphite
4.4 Synthetic Spherical Graphite

5 Spherical Graphite Market (by Application)
5.1 Consumer Electronics
5.2 Transportation Batteries
5.3 Energy storage

6 Global Spherical Graphite Market (by Region)
6.1 Asia-Pacific
6.2 Europe
6.3 North America

7 Company Profiles

• AOYU GRAPHITE GROUP
• Battery Minerals Limited
• Black Rock Mining
• Focus Graphite Inc.
• Imerys Graphite & Carbon
• Jixi BTR graphite industrial park co., LTD
• Qingdao Black Dragon Graphite Group
• QINGDAO YANXIN GRAPHITE PRODUCTS CO., LTD
• Syrah Resources Limited
• Yingkou Botian Material Technology Limited Company

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