The global synthetic graphite market is experiencing significant growth, with a projected compound annual growth rate of 3.77% from 2023 to 2030. The market, valued at USD 1888.5 million in 2022, is driven by the increasing demand for graphite from the automotive industry and the rising popularity of electric vehicles. Additionally, the installation of solar power systems is expected to further propel market growth.
Key players in the synthetic graphite market include Asbury Carbons, Mitsubishi Chemical Corporation, Imerys Graphite & Carbon, and Graphite India Limited, among others. The market is segmented by product types such as graphite anode and graphite block, and by applications including metallurgy, parts and components, batteries, and nuclear applications.
Industry trends and drivers influencing the market’s growth include changing customer preferences, technological advancements, and regulatory developments. The report provides a comprehensive analysis of the global synthetic graphite market, covering key opportunities and challenges faced by industry players worldwide.
With in-depth industry analysis and insights into market dynamics, businesses can benefit from emerging opportunities and mitigate potential challenges. The report addresses crucial questions about market dominance, current trends, opportunities, obstacles, and driving forces shaping the future of the synthetic graphite market.
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