Special Graphite Market Size
| Study Period | 2019-2029 |
| Market Size (2024) | USD 1.01 Billion |
| Market Size (2029) | USD 1.34 Billion |
| CAGR (2024 - 2029) | > 5.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Special Graphite Market Analysis
The Special Graphite Market size is estimated at USD 1.01 billion in 2024, and is expected to reach USD 1.34 billion by 2029, growing at a CAGR of greater than 5% during the forecast period (2024-2029).
- The special graphite market experienced a negative impact due to the COVID-19 pandemic, resulting in a lower estimated year-on-year growth rate compared to 2019, attributed to reduced activities in related sectors. However, the market rebounded post-COVID-19, with notable growth anticipated to drive overall market growth.
- The growing demand for solar energy and the burgeoning lithium-ion battery industry are major driving factors to fuel the market growth.
- The market is anticipated to face significant challenges due to the restricted availability of graphite electrodes from China and the emergence of lithium titanium oxide as a high-end anode material in lithium-ion batteries, which may hinder its growth.
- The growing demand for physical vapor deposition (PVD) and chemical vapor deposition (CVD) may continue to affect the global market and is expected to create lucrative opportunities during the forecast period.
- The Asia-Pacific region dominated the market worldwide, with countries like China, India, and Japan being the largest customers.
Special Graphite Market Trends
Increasing Demand from the Electronics Industry
- Special graphite is majorly used in the electronics industry. The applications of special graphite products in the electronics industry include the manufacturing of silicon semiconductors, compound semiconductors, light-emitting diode (LED) chips, lithium-ion batteries, liquid crystal display (LCD) panels, hard disks, etc.
- The special graphite components, such as heaters, crucibles, reflectors, and heat shields, are also used for crystal growing units. The high-temperature zone of the furnace consists of heat-resistant graphite components.
- Special graphite is mainly used in the semiconductor and LED industries to produce polysilicon. The products made from special graphite include cleaned electrodes for polysilicon separation, heat shields, thermal insulation components, and gas ducts for converters.
- The finished semiconductor product is manufactured after the silicon epitaxy process, in which wafers are passed on graphite susceptors. These susceptors are generally made from high-strength isostatic graphite.
- Increasing investments in the electronics industry are poised to be a significant factor in the growth of the special graphite market. According to the India Brand Equity Foundation (IBEF), India is poised to emerge as a frontrunner in the global semiconductor industry, with domestic semiconductor consumption projected to surpass USD 80 billion by 2026.
- All the factors above are expected to drive the global market during the forecast period.
Asia-Pacific to Dominate the Market
- Asia-Pacific dominated the market with a more than 45% share and is expected to witness the fastest market growth during the forecast period.
- China continues to dominate special graphite production and demand. Almost all stages of the lithium-ion battery manufacturing chain are focused on China, and China is by far the largest and most rapidly growing market for lithium-ion batteries paving the way for special graphite's market growth.
- According to the Ministry of Industry and Information Technology (MIIT), Electronic manufacturing enterprises contributed to a 0.9% year-on-year increase in value-added, showing improvement compared to the first seven months.
- Special graphite has also found application in the steelmaking industry. China holds the largest share in terms of consumption and production capacity of graphite electrodes in the global scenario.
- Additionally, South Korea is the fourth-largest exporter of steel in the world. The country’s top exporting countries are China, Japan, and the United States. POSCO and Hyundai Steel Co. are the largest steel manufacturers in the country.
- The growth of the electronics industry has significantly propelled the expansion of the special graphite market. The Ministry of Electronics and Information Technology (MeitY) projects a remarkable surge, expecting the industry's value to escalate from USD 75 billion in 2020-21 to an impressive USD 300 billion by 2025-26.
- The production of crude steel has also witnessed an increasing trend in recent years, in turn, increasing the consumption of special graphite molds in the country.
- Such growing demand in various countries is, in turn, boosting the demand for special graphite in the region.
Special Graphite Industry Overview
The special graphite market is fragmented in nature. The major players (not in any particular order) include SGL Carbon, Fangda Carbon New Material Technology Co., Ltd, Tokai Carbon Co., Ltd, and Toyo Tanso Co., Ltd, among others.
Special Graphite Market Leaders
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Graphite India Ltd
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SGL Carbon
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Toyo Tanso Co., Ltd.
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Tokai Carbon Co., Ltd.
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Fangda Carbon New Material Technology Co., Ltd
*Disclaimer: Major Players sorted in no particular order
Special Graphite Market News
July 2023: Mersen inaugurated its Columbia site in the United States, spanning 240,000 square meters. The plant can produce 4,000 tons of extruded graphite and 2,000 tons of isostatic graphite per year. As part of its 2027 strategic plan, Mersen will further increase its global isostatic graphite manufacturing capacities to 16,000 tons by the end of 2024.
June 2023: Ibiden Graphite Korea, Ibiden's subsidiary in South Korea, to expand the artificial graphite plant in Gyeongsangbuk-do, Korea.
Special Graphite Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Drivers
4.1.1 Increasing Government Policies for Solar Energy
4.1.2 Augmenting Demand from the Growing Lithium-ion Battery Industry
4.1.3 Increasing Demand for Expandable Graphite as a Flame Retardant Material
4.2 Restraints
4.2.1 Tightened Supplies of Graphite Electrodes by China
4.2.2 Development of Lithium Titanium Oxide as Anode in Lithium Ion Batteries in High-end Applications
4.3 Industry Value Chain Analysis
4.4 Porter's Five Forces Analysis
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products and Services
4.4.5 Degree of Competition
5. MARKET SEGMENTATION (Market Size In Value)
5.1 Product Type
5.1.1 Extruded Graphite
5.1.2 Isotropic Graphite
5.1.3 Molded Graphite
5.2 End-user Industry
5.2.1 Electronics Industry
5.2.2 Photovoltaic Industry
5.2.3 Foundry and Metallurgy Industry
5.2.4 Other End-user Industries (Automotive, Aerospace and Industrial)
5.3 Geography
5.3.1 Asia-Pacific
5.3.1.1 China
5.3.1.2 India
5.3.1.3 Japan
5.3.1.4 South Korea
5.3.1.5 Rest of Asia-Pacific
5.3.2 North America
5.3.2.1 United States
5.3.2.2 Canada
5.3.2.3 Mexico
5.3.3 Europe
5.3.3.1 Germany
5.3.3.2 United Kingdom
5.3.3.3 France
5.3.3.4 Italy
5.3.3.5 Rest of Europe
5.3.4 South America
5.3.4.1 Brazil
5.3.4.2 Argentina
5.3.4.3 Rest of South America
5.3.5 Middle East and Africa
5.3.5.1 Saudi Arabia
5.3.5.2 South Africa
5.3.5.3 Rest of Middle East and Africa
6. COMPETITIVE LANDSCAPE
6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Market Share (%)**/Ranking Analysis
6.3 Strategies Adopted by Leading Players
6.4 Company Profiles
6.4.1 Entegris, Inc.
6.4.2 Fangda Carbon New Material Technology Co., Ltd
6.4.3 GrafTech International
6.4.4 Graphite India Limited
6.4.5 IBIDEN
6.4.6 Mersen SA
6.4.7 Morgan Advanced Materials
6.4.8 Nippon Carbon Co Ltd.
6.4.9 Pingdingshan City Kaiyuan specialty graphite Ltd.
6.4.10 Schunk Carbon Technology
6.4.11 SEC CARBON, LIMITED.
6.4.12 SGL Carbon
6.4.13 Tokai Carbon Co., Ltd.
6.4.14 Toyo Tanso Co.,Ltd.
6.4.15 Yichang Xincheng Graphite Co., Ltd.
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
7.1 Graphite Used in PVD and CVD Techniques
7.2 Other Opportunites
Special Graphite Industry Segmentation
Isotropic graphite, also called unique graphite, is characterized by its uniform structure and shares the same properties as conventional graphite. This uniformity simplifies its design and application. Moreover, unique graphite offers high purity and precision, making it suitable for applications operating at high temperatures and in corrosive environments. Unique graphite plays a crucial role in the electronics industry, where it is used to produce items like silicon semiconductors, light-emitting diode chips, compound semiconductors, and lithium-ion batteries. It also finds significant applications in other sectors, including photovoltaics, electronics, foundry, and metallurgy, among others.
The special graphite market is segmented by product type, end-user industry, and geography. By product type, the market is segmented into extruded graphite, isotropic graphite, and molded graphite. By end-user industry, the market is segmented into the electronics industry, photovoltaic industry, foundry and metallurgy industry, and other end-user industries (aerospace, automotive, and industrial). The report also covers the market size and forecasts for the special graphite market in 15 countries across major regions.
For each segment, the market sizing and forecasts have been done on the basis of value (USD).
| Product Type | |
| Extruded Graphite | |
| Isotropic Graphite | |
| Molded Graphite |
| End-user Industry | |
| Electronics Industry | |
| Photovoltaic Industry | |
| Foundry and Metallurgy Industry | |
| Other End-user Industries (Automotive, Aerospace and Industrial) |
| Geography | |||||||
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Special Graphite Market Research FAQs
How big is the Special Graphite Market?
The Special Graphite Market size is expected to reach USD 1.01 billion in 2024 and grow at a CAGR of greater than 5% to reach USD 1.34 billion by 2029.
What is the current Special Graphite Market size?
In 2024, the Special Graphite Market size is expected to reach USD 1.01 billion.
Who are the key players in Special Graphite Market?
Graphite India Ltd, SGL Carbon, Toyo Tanso Co., Ltd., Tokai Carbon Co., Ltd. and Fangda Carbon New Material Technology Co., Ltd are the major companies operating in the Special Graphite Market.
Which is the fastest growing region in Special Graphite Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Special Graphite Market?
In 2024, the Asia Pacific accounts for the largest market share in Special Graphite Market.
What years does this Special Graphite Market cover, and what was the market size in 2023?
In 2023, the Special Graphite Market size was estimated at USD 0.96 billion. The report covers the Special Graphite Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Special Graphite Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Special Graphite Industry Report
Statistics for the 2024 Special Graphite market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Special Graphite analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
