Burgeoning Number of Electric Vehicles to Stimulate the Growth of Graphite Market

Graphite Market

Rapid increase in the usage of lubricant in the automotive industry has been significantly driving the production sales of graphite across the globe. Refractories are expected to create profitable growth opportunities for the graphite market in near future. Apart from this, mining industries have increased the usage of graphite, which is likely to create opportunities for the manufacturers in the coming years.

An established research firm lately delivered some facts and figures regarding the report, graphite market. In that report, it has been indicating that the graphite market will witness a significant expansion on a healthy pace by 6.7% CAGR, throughout the forecast period, 2017-2027. Moreover, the graphite market has witnessed sales of nearly 2.8Mn Tons by the end of 2016. The major companies that are working in the graphite market are AMG Advanced Metallurgical Group N.V., SGL Carbon SE, Nippon Carbon Co., Ltd., Imerys S.A., Fangda Carbon New Material Co., Ltd., Showa Denko K.K. and Tokai Carbon Co., Ltd amongst others.

The above-mentioned companies will be observing a significant growth in the near future across the globe, which eventually would be highly beneficial for the expansion of graphite market. The major companies along with manufacturers are planning to increase their concentration towards development of strategies regarding expansion of the product portfolios, innovation, advancement and value of the product on a larger basis.

SGL Group Expands its Graphite Production Capacity

Major companies and manufacturers can take account of the point that SGL Group has taken immense efforts in expanding its business across the globe, thereby strengthening its position in the global graphite market and multiplying its customer-base on a larger basis. The company has been recently witnessing rapid increase in the demand for solutions with regards to specialty graphite for the benefit of automotive industry. Apart from this, SGL Group has made an exclusively heavy investment of approximately €25Mn for the expansion of its manufacturing capacities at its Bonn site.

The leading company also has plans to integrate new production systems along with the launch if a new hall as well. Other major companies together with manufacturers can focus on the point that this rapid expansion will be completed by the end of 2020, during or after which, making heavy investment or collaborations can be highly beneficial for the development of business on a larger basis.

SGL Group with the ExOne Company to Develop a Unique Material

Manufacturers together with the major companies can focus on the point that SGL Group with the 3D binder’s jet printing technologies of ExOne Company has been bringing about graphite and carbon components and are planning to produce it under the tag of CARBOPRINT®. Customers can focus on the point that this new technology can be highly beneficial for them with regards to manufacturing of small prototypes along with effective serial production and rapid increase in the development of customer-particular solutions.

Apart from the above-mentioned information, SGL Group has been working on developing components as well as transformation of the extreme degree with regards to design freedom in the 3D printing. This in turn is expected to be highly beneficial for the customers on a larger basis.

A sample of this report is available upon request @ https://www.futuremarketinsights.com/reports/sample/rep-gb-874

About Nikhil Kaitwade 315 Articles
With over 8 years of experience in market research and consulting industry, Nikhil has worked on more than 250 research assignments pertaining to chemicals, materials and energy sector. He has worked directly with about 35 reputed companies as lead consultant for plant expansion, product positioning, capacity factor analysis, new market/segment exploration, export market opportunity evaluation and sourcing strategies.