Overview and Scope
Carbon graphite is defined as a material that can withstand temperatures as high as 5,000F. They serve as electric conductors. Graphite is a crystalline form of carbon. Carbon graphite due to its high electrical conductivity, thermal stability, and ability to easily shape is used as one of the main materials for susceptors in chemical vapor deposition (CVD) processes.
Sizing and Forecast
The carbon and graphite product market size has grown strongly in recent years. It will grow from <b>$28.3 billion in 2023 to $30.13 billion in 2024 at a compound annual growth rate (CAGR) of 6.5%. </b> The growth in the historic period can be attributed to industrialization, electrical and thermal conductivity, automotive and aerospace, steel and metallurgy, battery and fuel cell development.
The carbon and graphite product market size is expected to see strong growth in the next few years. It will grow to <b>$38.22 billion in 2028 at a compound annual growth rate (CAGR) of 6.1%. </b> The growth in the forecast period can be attributed to renewable energy and energy storage, electric vehicles (evs), electronics miniaturization, environmental concerns, space exploration. Major trends in the forecast period include advanced carbon composites, energy storage solutions, 3d printing and additive manufacturing, environmental sustainability, advanced coating technologies.
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Segmentation & Regional Insights
The carbon and graphite product market covered in this report is segmented –
1) By Product: Carbon & Graphite Electrodes, Carbon & Graphite Fibers, Carbon & Graphite Powder,
Other Products
2) By Application: Logistics, Chemical, Food and Beverages, Other Applications
3) By End-User: Industrial Applications, Aerospace Applications, Other End-Users
<b>Asia-Pacific</b> was the largest region in the carbon and graphite product market in 2023. <b>North America</b> was the second-largest region in the carbon and graphite product market. The regions covered in the carbon and graphite product market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
The carbon and graphite product market are mainly driven by the increasing demand from the end-user industries such as energy, semiconductor, automotive, and aerospace. The increasing use of carbon and graphite in fuel cells, electric vehicles, and graphene electronics is also expected to boost the market in the forecast period. For instance, graphite plates are attached to electrodes in the fuel cells, which helps to conduct the energy from the electrodes.
Key Industry Players
Major companies operating in the carbon and graphite product market include <b>Cabot Corporation, Cytec, Solvay Group, Hexcel Corporation, Mersen S.A., HEG Ltd., Mitsubishi Rayon Co. Ltd., Nippon Carbon Co. Ltd., Toray Industries Inc., Tokai Carbon Co. Ltd., Orion Engineered Carbons LLC., SGL Carbon SE, Grafil, Morgan Crucible Company Plc., Morgan AMandT, Graphite Machining, Weaver Industries Inc., Dynamic Materials Corporation, GraphiteStore, Mercer Gasket & Shim, Morgan Advanced Materials & Technologies Inc., Toyo Tanso Co. Ltd., Superior Graphite Co., Asbury Carbons, GrafTech International Ltd., Poco Graphite, Carbon Graphite Materials Inc., Ameri-Source Specialty Products, Schunk Graphite Technology LLC, Graphite Products Corporation, St. Marys Carbon Company, Helwig Carbon Products Inc., Ohio Carbon Industries Inc., Olmec Advanced Materials Ltd.</b>
The carbon and graphite product market report table of contents includes:
1. Executive Summary
2. Carbon And Graphite Product Market Characteristics
3. Carbon And Graphite Product Market Trends And Strategies
4. Carbon And Graphite Product Market – Macro Economic Scenario
5. Global Carbon And Graphite Product Market Size and Growth
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26. South America Carbon And Graphite Product Market
27. Brazil Carbon And Graphite Product Market
28. Middle East Carbon And Graphite Product Market
29. Africa Carbon And Graphite Product Market
30. Carbon And Graphite Product Market Competitive Landscape And Company Profiles
Top Major Players:
- Cabot Corporation
- Cytec
- Solvay Group
- Hexcel Corporation
- Mersen S.A
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