Expanded Graphite Market
Expanded Graphite Market (Form - Powder, Others; End use - Chemicals and Petrochemicals, Foundry, Energy Storage, Construction) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2026
- Chemicals & Materials
- 190 Pages
Expanded Graphite Market - Snapshot
Expanded graphite, also known as expandable flake, or intumescent flake graphite, is a type of intercalated graphite, which exfoliates or expands when heated. Expanded graphite is manufactured by treating flake graphite with diverse intercalation reagents such as acids, which are likely to move between the graphite layers in the presence of heat. When flake graphite, after the intercalation process, is heated at high temperatures (around 1000ºC), the intercalation compounds break down into gaseous products, which increase the pressure between the graphene layers. This high pressure generates enough force, which pushes apart the graphite planes. This results in an increase of around 300 times in the volume of the graphite, huge increase in surface area, and also reduces the bulk density of graphite. Moreover, the coarser flake graphite has comparatively higher expansion ratio than smaller flake graphite, and not all graphite are expandable. Expandable graphite has several unique properties such as high corrosion resistance, heat resistance, radiation resistance, compression resilience, and softness.
Increasing Demand for Fire-resistant Building Materials Likely to Drive Market
Rise in concerns about building fires is a primary driver of the expanded graphite market. A large number of building fires have occurred in recent years, which has led to notable tragedies. These fires not only destroy property but also lead to loss of lives and do considerable damage to the environment also. Government and regulatory authorities across the globe are formulating regulations mandating the usage of fire-resistant building materials for construction of residential and non-residential buildings in order to reduce these fires. Demand for residential and non-residential construction is also rising owing to the increasing population, which in turn is fuelling the demand for fire-resistant building materials in order to make these buildings fireproof and more fire-resistant. Expanded graphite plays an essential role and is an important component in the manufacturing of fire-resistant building materials. Therefore, the increase in demand for fire-resistant building materials from the construction segment is likely to drive the market during the forecast period.
Demand for consumer electronic goods such as laptops, smartphones, and tablets is rising at a substantial pace. These electronic devices employ graphite foils manufactured from expanded graphite. Graphite foils have excellent electric and thermal conductivity; hence, they dissipate heat from crucial electronic components and protect them from any damage. The size of electronic circuits are shrinking and various functions are being performed by a single circuit, due to ongoing technological advancements and developments. These advancements have led to a major issue of overheating in these circuits, which if not properly managed can damage these circuits. Therefore, graphite foils are employed for protecting electronic circuits from overheating. Increasing demand for consumer electronic goods is also expected to be a key driver of the market.
Limited Market Supply Expected to Restrain Market
Limited supply of expanded graphite can prove to be a major restraint for the market. China, which is considered to be a prominent producer of expanded graphite, is facing a hard time in maintaining production due to environmental regulations imposed by the government on graphite mining. Several graphite mines in China have been shut down due to poor management of acid treatment water. This supply disruption has fueled the prices of expanded graphite by nearly 20% in the last few years. Limited supply and rising prices are likely to restraint the market.
Shift in Focus from Hazardous Fire-resistant Materials to Expanded Graphite Offer Lucrative Opportunity for the Market
Increasing bans on hazardous fire-resistant materials such as brominated or asbestos-based fire-resistant materials in buildings, gaskets, and other products that require fire-resistant materials are likely to provide new opportunities to the expanded graphite market. Several countries have banned the manufacture of these hazardous fire-resistant materials owing their ill-effects on the environment and human health & life. These bans are likely to provide considerable opportunity for non-toxic and high fire-resistant expanded graphite in the near future.
Asia Pacific Held Major Share of Around 44% of Global Expanded Graphite Market in 2017
Based on region, the global expanded graphite market can be segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. Asia Pacific dominated the global expanded graphite market in 2017. This can be primarily ascribed to the high demand for expanded graphite products, especially in building construction, foundry, and energy storage applications in the region, especially in China. The region is the global leader in the production of expanded graphite and in graphite mining output. Furthermore, the market in the region is anticipated to expand at a significant pace during the forecast period, primarily due to the rise in demand for expanded graphite in developing countries in the region, especially in China and India.
China-based Graphite Companies Dominate Global Expanded Graphite Market
Key players operating in the global expanded graphite market include GrafTech International, Nippon Kokuen Group, Yichang Xincheng Graphite Co., Ltd., Nacional De Grafite, Asbury Carbons, Triton Minerals, SGL Group, NeoGraf Solutions, Shijiazhuang ADT Carbonic Material Factory, ACS Material, LLC, LKAB Minerals AB, Graphex Mining Limited, Qingdao Braide Graphite Co. Ltd., and HP Materials Solutions, Inc (HPMS).
Expanded Graphite Market - Overview
Expanded graphite, or intumescent flake graphite, is produced from natural flake graphite by treating it with intercalation reagents such as acids, which move between the layers of graphite to form intercalated flake graphite. The intercalated flake graphite when subjected to high temperatures (around 1000°C) expands due to the breakdown of intercalation compounds, which form gaseous products that exerts pressure on graphite layers and pushes them apart. The intercalated flake graphite expands up to 300 times the original volume along with a huge increase in surface area, while the bulk density of the product reduces.
This report analyzes and forecasts the market for expanded graphite at the global and regional level. The market has been forecast based on revenue (US$ Thousand) from 2018 to 2026, considering 2017 as the base year. The study includes drivers and restraints of the global expanded graphite market. It also covers impact of these drivers and restraints on the demand for expanded graphite during the forecast period. The report also highlights opportunities in the expanded graphite market at the global and regional level.
The report includes detailed value chain analysis, which provides a comprehensive view of the global expanded graphite market. The Porter’s Five Forces model for the expanded graphite market has also been included to help understand the competition landscape in the market. The study encompasses market attractiveness analysis, wherein form and end-user are benchmarked based on their market size, growth rate, and general attractiveness.
The study provides a decisive view of the global expanded graphite market by segmenting it in terms of form and end-user. In terms of form, the expanded graphite market can be classified into powder and others. In terms of end-user, the expanded graphite market can be segmented into chemicals & petrochemicals, foundry, energy storage, construction, and others. These segments have been analyzed based on present and future trends. Regional segmentation includes current and forecast demand for expanded graphite in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
The report provides the actual market size of expanded graphite for 2017 and estimated market size for 2018 with forecast for the next eight years. The global market for expanded graphite has been provided in terms of revenue. Market revenue has been defined in US$ Thousand. Market numbers have been estimated based on form and end-user of expanded graphite. Market size have been provided in terms of global, regional, and country level markets.
The report comprises profiles of major companies operating in the global expanded graphite market. Key players operating in the global expanded graphite market are GrafTech International, Nippon Kokuen Group, Yichang Xincheng Graphite Co., Ltd., Nacional De Grafite, Asbury Carbons, Triton Minerals, SGL Group, NeoGraf Solutions, Shijiazhuang ADT Carbonic Material Factory, ACS Material, LLC, LKAB Minerals AB, Graphex Mining Limited, Qingdao Braide Graphite Co. Ltd., and HP Materials Solutions, Inc. (HPMS). Market players have been profiled in terms of attributes such as company overview, financial overview, business strategies, regional presence, and recent developments.
- An extensive analysis of the expanded graphite market trends and shares from 2017 to 2026 to identify market opportunities and analyze industry developments
- In terms of end-user, the construction segment is anticipated to expand at a significant rate during the forecast period
- Powder is a major form segment of the expanded graphite market
- A list of key factors responsible for building the upcoming opportunistic roadmap for the expanded graphite market at a global, regional, and country level
- Insights into market opportunities for various stakeholders in the value chain and a detailed competition landscape for key players dominating the industry to understand competition level
The global expanded graphite market has been segmented as follows: