Graphite is one of the world's most abundant minerals. Its high energy density, long life cycle, and relatively low cost make it a desirable material for a number of applications. Among them is the production of lithium-ion batteries. The use of graphite in these batteries helps boost energy density and reduce charging times. There are several ways to manufacture synthetic graphite. Most importantly, it is manufactured through a heat treatment process that uses a carbon precursor -- usually either pitch or coke. During the heating, the carbon undergoes a series of molecular rearrangements to form a graphitic structure.

Market Dynamics:

The synthetic graphite market is expected to grow at a significant growth during the forecast period. The market is primarily driven by the high purity levels of synthetic graphite and the growing demand for electric vehicles. Moreover, the increasing demand for graphite in various end-use industries such as aluminum, battery, steel and metal is also fueling market growth. In addition, the market is also estimated to witness a growth in the Middle East and Africa region due to the increasing demand for graphite in wind turbines.

On the other hand, high costs compared to natural graphite and stringent environmental regulations act as a deterrent for market growth.

Key features of the study:

• This report provides in-depth analysis of the global synthetic graphite market, and provides market size (US$ Million) and compound annual growth rate (CAGR%) for the forecast period (2023–2030), considering 2022 as the base year
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends,  regional outlook, and competitive strategies adopted by key players
• It profiles key players in the global synthetic graphite market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
• Key companies covered as a part of this study include Asbury Carbons, Beiterui New Material Group Co. Ltd, Shanshan Technology, Shenzhen Sinuo Industrial Development Co. Ltd, Mitsubishi Chemical Corporation, Imerys Graphite & Carbon, Mersen Corporate Services SAS, Graphit Kropfmhl GmbH, Shamokin Carbons, Showa Denko K.K., Jiangxi Zichen Technology Co. Ltd, GrafTech International, Lianyungang Jinli Carbon Co. Ltd, Nippon Carbon Co. Ltd, and Graphite India Limited
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
• The global synthetic graphite market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global synthetic graphite market

Detailed Segmentation:

• Global Synthetic Graphite Market, By Type
  • Graphite Anode
  • Graphite Block (Fine Carbon)
  • Other Types (Graphite Electrode, etc.)
• Global Synthetic Graphite Market, By Application
  • Metallurgy
  • Parts and Components
  • Batteries
  • Nuclear
  • Other Applications
• Global Synthetic Graphite Market, By Geography
  • Asia-Pacific
  • North America
  • Europe
  • South America
  • Middle East & Africa
• Company Profiles
  • Asbury Carbons
  • Beiterui New Material Group Co. Ltd
  • Shanshan Technology
  • Shenzhen Sinuo Industrial Development Co. Ltd
  • Mitsubishi Chemical Corporation
  • Imerys Graphite & Carbon
  • Mersen Corporate Services SAS
  • Graphit Kropfmhl GmbH
  • Shamokin Carbons
  • Showa Denko K.K.
  • Jiangxi Zichen Technology Co. Ltd
  • GrafTech International
  • Lianyungang Jinli Carbon Co. Ltd
  • Nippon Carbon Co. Ltd
  • Graphite India Limited