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Graphite Coatings Market

Graphite Coatings Market (Application: Dry Lubrication, Anti-seize Agents, Release Agents, and Others [Thermal Conductive Agents and Anti-corrosion Agents]; and End User: Advanced Batteries & Transistors, Automotive, Solar Cells, Displays, Sensors, Composites, Metal Coatings, and Others [Medical, Energy, and Textile]) – Global & U.S. Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2020-2030

Advancements in Nanotechnology to Drive Demand for Nanomaterials Including Graphite Coatings

Over the past decade, graphite coatings have garnered immense popularity as a viable, effective, and high-quality coatings alternative for use in various applications. The automotive sector is expected to provide lucrative opportunities to market players operating in the global & U.S. graphite coatings market during the forecast period. A glaring trend that is likely to attract the interest of investors and other stakeholders operating in the global & U.S. graphite coatings market landscape is the increasing popularity of graphite coatings in comparison with that of ceramic coatings. Research and development activities are anticipated to play a strong role in the development of the global & U.S. graphite coatings market during the assessment period.

The surge in the demand for nanomaterials following advancements made by nanotechnology is one of the major factors propelling the demand for graphite coatings in recent years. While the industrial sector is expected to have a higher market share in terms of demand and value, market players are projected to leverage opportunities in the commercial sector to gain a competitive edge. Moreover, owing to favorable physical as well as functional characteristics of graphite, the demand continues to move in the upward direction.

Graphite coatings are increasingly being used in a range of applications, including metal powder sintering, injection molding, metal casting, brazing, and welding.

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Graphite Coatings Likely to Replace Ceramic Coatings during Assessment Period

Although the demand for ceramic coatings in the U.S. has witnessed growth, in the upcoming years, graphite coatings are likely to replace ceramic coatings in a range of applications in various end-use industries. The improved functional parameters of graphite coatings in comparison with ceramic coatings coupled with increasing number of consumer complaints related to water spots linked with ceramic coatings have played an imperative role in boosting the growth of the global & U.S. graphite coatings market. Due to chemical properties and the honeycomb structure, there is a considerably lower risk of water evaporation at the surface and water spots– a factor that is expected to have a strong impact on the growth of the global & U.S. graphite coatings market during the forecast period.

The favorable thermal and electrical conductivity properties of graphite is another factor that has led to a considerable surge in the demand for graphite coatings from the U.S. automotive sector. The ease of application, anti-repellant, and improved conductive properties of graphite in comparison with ceramic is projected to increase the demand for graphite coatings in the upcoming years. According to researchers and a number of scientists around the world, graphene has emerged as the strongest, thinnest material in the world due to which, graphite coatings have become the go-to protective solutions in recent years.

While the automotive sector is anticipated to provide a number of opportunities to players in the global & U.S. graphite coatings market, the aerospace industry is set to emerge as a prominent end-use industry.

Market Players Focus on Forging Strategic Alliances to Improve Market Position

Players operating in the global & U.S. graphite coatings market landscape are expected to rely on organic and inorganic growth strategies to improve their position in the competitive market landscape. A number of companies is also focusing on restructuring their operational procedures and growth strategies in line with the current market landscape. For instance, in December 2020, ZEN Graphene Solutions announced that the company is set to undergo a corporate reorganization– a move that is likely to improve the company’s product development and R&D foundation. Mergers and acquisitions are rife in the global & U.S. graphite coatings market and the trend is set to continue during the forecast period. For instance, in August 2018, Asbury Carbons announced the acquisition of Process Engineering Corporation (PEC).

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Trade Tension and Declining Demand in 2020 to Hinder Market Growth amid COVID-19 Pandemic

The onset of the COVID-19 pandemic is expected to have a strong influence on the demand for graphite coatings in 2020. Stringent lockdown measures imposed by governments around the world coupled with the temporary shutdown of industries in the second quarter of 2020 have led to a considerable decline in the demand for graphite coatings. This factor is estimated to hinder the growth of the global & U.S. graphite coatings market. In addition, trade tension between the U.S. and China coupled with the results of the U.S. elections could have a strong impact on the supply chain of raw materials, which, in turn, is anticipated to influence the growth of the global & U.S. graphite coatings market in 2020.

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Analysts’ Viewpoint

The global & U.S. graphite coatings market is expected to expand at a healthy CAGR of 7.5% during the forecast period. The market growth can be primarily attributed to a host of factors including expansion of the global automotive sector, increase in demand for graphite coatings in comparison with ceramic coatings, rise in interest toward graphite coatings from the aerospace sector, and emphasis on R&D activities. Players operating in the global & U.S. graphite coatings market landscape should focus on forging strategic alliances with small to medium-sized players to improve their market value and position. 

Global & U.S. Graphite Coatings Market: Overview

  • According to Transparency Market Research’s latest research report on the global and U.S. graphite coatings market for the forecast period 2020–2030, rise in usage of graphite coatings in advanced batteries & transistors, automotive, solar cells, displays, sensors, composites, and metal coatings is a key factor that is expected to boost the global and U.S. graphite coatings market during the forecast period
  • In terms of revenue, the global graphite coatings market was valued at US$ 617.4 Mn in 2019 and is anticipated to reach US$ 1 Bn by 2030, expanding at a CAGR of 7.5% during the forecast period. On the other hand, the graphite coatings market in the U.S. is likely to reach US$ 153.1 Mn by 2030.

Increase in Sales of Lithium-ion Batteries and Electric Vehicles: Key Driver

  • Lithium-ion (Li-ion) battery is an advanced battery technology that uses lithium ions as key components of electrochemistry. Lithium-ion batteries can use a number of different materials as electrodes. Widely used combination is that of lithium cobalt oxide (cathode) and graphite (anode). The graphite coated anode enhances the overall operational efficiency.
  • In July 2019, Toyota invested around US$ 2 Bn in the development of electric vehicles in Indonesia. The Ford Motor Company has also invested more than US$ 1.45 Bn in its two manufacturing facilities in Michigan, the U.S. Tesla, a leading player in the U.S. hybrid electric vehicles (HEVs) industry, plans to increase investments in its manufacturing facility in Shanghai, China; and Fremont, California, the U.S. The strategy to boost the manufacture of new electric cars in the near future is estimated to drive the demand for auto lithium-ion batteries over the next few years.
  • Demand for batteries is high in the automotive sector, especially in electric vehicles that use rechargeable batteries such as lithium-ion batteries on a large scale. Lithium-ion batteries use graphite coated anodes, as they cope well with the flow of lithium ions during the charging and discharging cycle.
  • Advent of new generation energy-hungry electronic devices, such as digital cameras, camera phones, and high performance portable computing devices, is projected to drive the demand for lithium-ion batteries in the near future. Additionally, sale of electric vehicles has been increasing across the globe. This is likely to boost the consumption of graphite coatings, thereby driving the graphite coatings market.
  • Rise in demand for fuel-efficient, lightweight, and high-performance vehicles with low emissions in the U.S. is expected to drive the demand for batteries in the country in the near future
  • Thus, increase in consumption of lithium-ion batteries is anticipated to boost the demand for graphite coatings during the forecast period

Applications of Graphite Coatings

  • Graphite coatings offer optimal resistance at high temperatures and in highly corrosive environments. Heat losses are minimalized, while thermal conduction is optimized. Graphite coatings are also used for lubrication of metal, plastics, or rubber parts without using grease.
  • Demand for graphite coatings is rising in the industrial machining sector due to its excellent isostatic qualities and ideal homogeneity. Graphite coatings do not absorb moisture. Graphite coatings also do not deform, burst, or shrink due to thermal stress. Graphite coatings are applied on pistons, gears, and various other engine components as dry lubricants to reduce friction.
  • Graphite is a mineral and a form of pure carbon. It is highly conductive; hence, it is primarily used in making conductive materials. Graphite powder is used as a highly effective conductive filler. Conductive graphite coatings can be used in cellphones, tablets, computers, television screens, and other displays. Graphite coatings can also serve as protective coatings with superior chemical, moisture, corrosion, UV, and fire resistance properties.

Global Graphite Coatings Market: Competition Landscape

  • Detailed profiles of manufacturers of graphite coatings have been provided in the report to evaluate their financials, key product offerings, recent developments, and strategies
  • Prominent players operating in the global graphite coatings market are
    • Final Advanced Materials
    • CONDAT Corporation
    • Elcora Advanced Materials Corp.
    • Mersen
    • Van Sickle Paint Mfg. Company
    • Whitford
    • Imerys Graphite & Carbon
    • Asbury Carbons
    • BECHEM

Global Graphite Coatings Market: Key Developments

  • Key manufacturers such as Final Advanced Materials, CONDAT Corporation, and Elcora Advanced Materials Corp. are adopting various organic and inorganic growth strategies to expand business operations. Some key developments in the global graphite coatings market have been highlighted below:
  • In April 2017, Asbury Carbon Inc. acquired coating and lubricant businesses — Slip Plat and SureCoat — from the U.S.-based Superior Graphite to expand its downstream presence in order to offset the sluggish growth in the graphite market
  • In February 2017, Imerys increased its presence in the lithium-ion battery supply chain through the acquisition of Nippon Power Graphite (NPG), a Japan-based anode material producer. The acquisition also gave Imerys the access to NPG’s patented CVD coating technology for coated anode material production.
  • In August 2018, Asbury Carbons, a leading player in the graphite market, acquired the U.S.-based Process Engineering Corporation (PEC), a leading supplier of graphite coated canvas
  • In the global & U.S. graphite coatings market report, we have discussed individual strategies, followed by company profiles of manufacturers of graphite coatings. The ‘Competition Landscape’ section has been included in the report to provide readers with a dashboard view and company market share analysis of key players operating in the global graphite coatings market.

Global & U.S. Graphite Coatings Market – Segmentation

TMR’s research study segments the global & U.S. graphite coatings market in terms of application and end user. This report presents extensive market dynamics and growth trends associated with different market segments and explains how they are influencing the global & U.S. graphite coatings market.

Application

  • Dry Lubrication
  • Anti-seize Agents
  • Release Agents
  • Others (including Thermal Conductive Agents and Anti-corrosion Agents)

End User

  • Advanced Batteries & Transistors
  • Automotive
  • Solar Cells
  • Displays
  • Sensors
  • Composites
  • Metal Coatings
  • Others (including Medical, Energy, and Textile)

Region

  • Global
  • U.S.

    1. Preface

        1.1. Report Scope and Market Segmentation

        1.2. Research Highlights

    2. Assumptions and Research Methodology

        2.1.  Assumptions and Acronyms Used

        2.2. Research Methodology

    3. Executive Summary: Global & U.S. Graphite Coatings Market

        3.1. Market Value, Indicative (US$ Mn)

    4. Market Overview

        4.1. Product Definition

        4.2. Market Indicators

    5. Market Dynamics

        5.1. Drivers and Restraints Snapshot Analysis

                5.1.1.1. Drivers

                5.1.1.2. Restraints

                5.1.1.3. Opportunities

        5.2. Porter’s Five Forces Analysis

            5.2.1. Threat of Substitutes

            5.2.2. Bargaining Power of Buyers

            5.2.3. Bargaining Power of Suppliers

            5.2.4. Threat of New Entrants

            5.2.5. Degree of Competition

        5.3. Value Chain Analysis

        5.4. List of Raw Material Suppliers

        5.5. List of Graphite Coating Manufacturer

        5.6. List of Potential Customers

    6. Covid-19 Impact Analysis

    7. Global Graphite Coatings Production Output, 2019

    8. Global Graphite Coatings Market Price Trend Analysis, by Region, 2019-2030

    9. Global Graphite Coatings Market Volume (Kilo Tons) and Value (US$ Mn) Analysis, by Application

        9.1. Key Findings and Introduction

        9.2. Global Graphite Coatings Market Volume (Kilo Tons) and Value (US$ Mn) Forecast, by Application, 2019–2030

            9.2.1. Global Graphite Coatings Market Volume (Kilo Tons) and Value (US$ Mn) Forecast, by Dry Lubrication, 2019–2030

            9.2.2. Global Graphite Coatings Market Volume (Kilo Tons) and Value (US$ Mn) Forecast, by Anti-seize Agents, 2019–2030

            9.2.3. Global Graphite Coatings Market Volume (Kilo Tons) and Value (US$ Mn) Forecast, by Release Agents, 2019–2030

            9.2.4. Global Graphite Coatings Market Volume (Kilo Tons) and Value (US$ Mn) Forecast, by Others (including Thermal Conductive Agents and Anti-corrosion Agents), 2019–2030

        9.3. Global Graphite Coatings Market Attractiveness Analysis, by End-user

    10. Global Graphite Coatings Market Volume (Kilo Tons) and Value (US$ Mn) Analysis, by End-user

        10.1. Key Findings and Introduction

        10.2. Global Graphite Coatings Market Volume (Kilo Tons) and Value (US$ Mn) Forecast, by End-user, 2019–2030

            10.2.1. Global Graphite Coatings Market Volume (Kilo Tons) and Value (US$ Mn) Forecast, by Advanced Batteries & Transistors, 2019–2030

            10.2.2. Global Graphite Coatings Market Volume (Kilo Tons) and Value (US$ Mn) Forecast, by   Automotive, 2019–2030

            10.2.3. Global Graphite Coatings Market Volume (Kilo Tons) and Value (US$ Mn) Forecast, by Solar Cells, 2019–2030

            10.2.4. Global Graphite Coatings Market Volume (Kilo Tons) and Value (US$ Mn) Forecast, by Displays, 2019–2030

            10.2.5. Global Graphite Coatings Market Volume (Kilo Tons) and Value (US$ Mn) Forecast, by Sensors, 2019–2030

            10.2.6. Global Graphite Coatings Market Volume (Kilo Tons) and Value (US$ Mn) Forecast, by Composites, 2019–2030

            10.2.7. Global Graphite Coatings Market Volume (Kilo Tons) and Value (US$ Mn) Forecast, by Metal Coatings, 2019–2030

            10.2.8. Global Graphite Coatings Market Volume (Kilo Tons) and Value (US$ Mn) Forecast, by Others (including Medical, Energy, and Textile), 2019–2030

        10.3. Global Graphite Coatings Market Attractiveness Analysis, by End-user

    11. Global Graphite Coatings Market Analysis, by Region

        11.1. Global Graphite Coatings Market Volume (Kilo Tons) and Value (US$ Mn) Forecast, by Region

            11.1.1. North America

        11.2. Global Graphite Coatings Market Attractiveness Analysis, by Region

    12. U.S. Graphite Coatings Market Overview

        12.1. U.S. Graphite Coatings Market Volume (Kilo Tons) and Value (US$ Mn) Forecast, by Application, 2019–2030

        12.2. U.S. Graphite Coatings Market Volume (Kilo Tons) and Value (US$ Mn) Forecast, by End-user, 2019–2030

        12.3.  U.S. Graphite Coatings Market Attractiveness Analysis, by Application

        12.4.  U.S. Graphite Coatings Market Attractiveness Analysis, by End-user

    13. Competition Landscape

        13.1. Global Graphite Coatings Market Share Analysis, by Company (2019)

        13.2. Competition Matrix

        13.3. Company Profiles

            13.3.1. Asbury Carbons

                13.3.1.1. Company Description

                13.3.1.2. Business Overview

                13.3.1.3. Financial Details

                13.3.1.4. Business Strategy

                13.3.1.5. Product Portfolio

            13.3.2. Imerys Graphite & Carbon

                13.3.2.1. Company Description

                13.3.2.2. Business Overview

                13.3.2.3. Business Strategy

                13.3.2.4. Financial Details

                13.3.2.5. Product Portfolio

            13.3.3. Whitford

                13.3.3.1. Company Description

                13.3.3.2. Business Overview

                13.3.3.3. Business Strategy

                13.3.3.4. Product Portfolio

            13.3.4. Mersen

                13.3.4.1. Company Description

                13.3.4.2. Business Overview

                13.3.4.3. Business Strategy

                13.3.4.4. Product Portfolio

            13.3.5. Final Advanced Materials

                13.3.5.1. Company Description

                13.3.5.2. Business Overview

                13.3.5.3. Business Strategy

                13.3.5.4. Product Portfolio

            13.3.6. CONDAT Corporation

                13.3.6.1. Company Description

                13.3.6.2. Business Overview

                13.3.6.3. Business Strategy

                13.3.6.4. Financial Details

                13.3.6.5. Product Portfolio

            13.3.7. Elcora Advanced Materials Corp

                13.3.7.1. Company Description

                13.3.7.2. Business Overview

                13.3.7.3. Purity Portfolio

                13.3.7.4. Strategic Overview

            13.3.8. Van Sickle Paint Mfg. Company

                13.3.8.1. Company Description

                13.3.8.2. Business Overview

                13.3.8.3. Product Portfolio

                13.3.8.4. Strategic Overview

            13.3.9. BECHEM

                13.3.9.1. Company Description

                13.3.9.2. Business Overview

                13.3.9.3. Product Portfolio

                13.3.9.4. Strategic Overview

    14. Primary Research: Key Insights

    15. Appendix

    List of Tables

    Table 01: Global Graphite Coatings Market Volume (Kilo Tons) and Value (US$ Mn) Forecast, by Application, 2019-2030

    Table 02: Global Graphite Coatings Market Volume (Kilo Tons) and Value (US$ Mn) Forecast, by End-user, 2019-2030

    Table 03: U.S. Graphite Coatings Market Volume (Kilo Tons) and Value (US$ Mn) Forecast, by Application, 2019-2030

    Table 04: U.S. Graphite Coatings Market Volume (Kilo Tons) and Value (US$ Mn) Forecast, by End-user, 2019-2030

    List of Figures

    Figure 01: Global Graphite Coatings Market Share Analysis, by Application

    Figure 02: Global Graphite Coatings Market Attractiveness Analysis, by Application

    Figure 03: Global Graphite Coatings Market Share Analysis, by End-user

    Figure 04: Global Graphite Coatings Market Attractiveness Analysis, by End-user

    Figure 05: U.S. Graphite Coatings Market Share Analysis, by Application

    Figure 06: U.S. Graphite Coatings Market Attractiveness Analysis, by Application

    Figure 07: U.S. Graphite Coatings Market Share Analysis, by End-user

    Figure 08: U.S. Graphite Coatings Market Attractiveness Analysis, by End-user

    Figure 09: Company Market Share Analysis, 2019

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