Transparency Market Research (TMR) provides key insights on the specialty synthetic graphite market in its latest report titled “Specialty Synthetic Graphite Market: Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 – 2026.” According to the report, rapid growth in demand for electronics is predicted to drive the specialty synthetic graphite market during the forecast period. Rise in demand for smart phones owing to the increase in competition among mobile phone players is propelling the specialty synthetic graphite market. Incorporation of specialty synthetic graphite in electric vehicles is also anticipated to drive the specialty synthetic graphite market during the forecast period.
Specialty synthetic graphite is extracted from refining of hydrocarbon materials such as petroleum coke and coal tar. It has carbon content identical to the natural type; yet, it is much purer in terms of carbon content. Specialty synthetic graphite offers significant characteristics such as thermal and electric conductivity, resistance to corrosion, light weight, and sturdiness. Therefore, it is gaining attention from OEMs in various sectors. Specialty synthetic graphite is more durable than natural graphite.
In terms of regional perspective, the specialty synthetic graphite market can be split into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. In terms of volume, Asia Pacific accounts for the major share of the specialty synthetic graphite market. China is a key producer of specialty synthetic graphite that caters to the large sized domestic market. The country is also the leading international exporter of specialty synthetic graphite.
Major players operating in the specialty synthetic graphite market are included in this report to give a better competitive analysis and these are BTR New Energy Materials Inc., Mersen, Asbury Carbons, XRD Graphite Manufacturing Company Limited, Lianyungang Jinli Carbon Company Limited, Qingdao Kropfmuehl Graphite Company Limited, BaoFeng JieShi Carbon Material Company Limited, Canada Carbon Inc., and IMERYS Graphite & Carbon Switzerland Limited.
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