WATER BASED COLLOIDAL GRAPHITE MARKET ANALYSIS

Water Based Colloidal Graphite MarketSize and Trends

Global water based colloidal graphite market is expected to surpass US$ 1,169.2 million by the end of 2030, exhibiting at a CAGR of 5.9% during the forecast period (2022 to 2030).

Global Water-Based Colloidal Graphite Market - Drivers

• Increasing demand for water based colloidal graphite from forging & die-casting industries: Global water based colloidal graphite market is expected to  witness growth due to increased demand for water based colloidal graphite from the forging and die-casting industries. Forging & die-casting industries are manufacturing process industry involving the shaping of metal by moulding or using compressive forces. Colloidal graphite is used as a lubricant in forging & die-casting industries to separate the die from the work piece. The lubricant helps in reducing wear & tear of the expensive forging dies. Oil-based colloidal graphite solutions used during normal forging operations produces carbon smoke that can be toxic in nature. Due to environmental concerns, key players operating in the forging industry are shifting their focus towards use of environment-friendly lubricants such as water based colloidal graphite solutions. Increasing demand for environment friendly solutions from forging industry is expected to drive the market growth during the forecast period.
• Advantages offered by water based colloidal graphite products: Water based colloidal graphite product produces a smooth, dry coating with an extra-long wear lifespan that adheres well to most substrates. Furthermore, it develops suspension qualities with ease, reducing the need for stirring or agitation.

Figure 1. Global Water Based Colloidal Graphite Market, Revenue Share (%), By Region, 2022

Global Water Based Colloidal Graphite Market - Impact of Coronavirus (COVID-19) Pandemic

The COVID-19 had negative influence on the global water based colloidal graphite market. Along with lockdown in China, India, and The U.S., other countries were also accountable for disruptions in the supply chain. Furthermore, COVID-19  had a major impact on the global economy in three ways: by directly impacting production and demand, by disrupting supply chains, and through financial impact on businesses and financial markets. As a result, all forging and die-casting production facilities were temporarily shut down, and caused supply chain and logistics disruptions across the globe. As majority of water based colloidal graphite is used in the forging and die-casting industries, therefore, temporary shutdown of the die forging and die-casting industries and interruption of the supply chain hampered the global water based colloidal graphite market growth during COVID-19 pandemic.

Figure 2. Global Water Based Colloidal Graphite Market, Revenue Share (%), By Application, 2022

Global Water-Based Colloidal Graphite Market- Trends

Emerging trends that seem to have a direct influence on market expansion include acquisitions and mergers by key players. Several key players are engaging in strategies such as acquisition and merger, in order to improve market position in the Global Water-Based Colloidal Graphite Market. For instance, in July 2021, Asbury Carbons, Inc., a global processor of carbon and graphite materials, announced that it had acquired Garmor, Inc., a Florida-based innovative materials firm with a patented, environmentally safe technology, for commercializing Edge Functionalized Graphene (EFG).

Global Water-Based Colloidal Graphite Market- Segmentation

On the basis of application, lubricant/release agent (forging, die casting & extrusion) segment dominated the global water based colloidal graphite market in 2022, accounting for 64% of market share, in terms of revenue, followed by anti-static coatings, conductive ink, and others (Smart Fabrics etc.),