The Global Flake Graphite Market is expected to grow at a compound annual growth rate of 1.10% in the forecast period of 2021 to 2028 and is likely to reach USD 313.42 billion by 2028. The rise in the commercial applications of graphene which is prepared from graphite is a significant factor driving the market growth rate.
Likewise, the rise in the usage of graphite in green technologies and high adoption of graphite in refractories due to its high thermal will produce lucrative opportunities for the growth of the flake graphite market.
According to Data Bridge Market Research the market for flake graphite is expected to gain growth because of the rise in the demand for electric vehicles. Also the rise in the demand of graphite for lithium-ion batteries and fuel cells and increase in the use of graphite in the manufacturing of structural composite parts are also expected to fuel the demand of the flake graphite market over the forecast period of 2021 to 2028. Whereas, the high prices of graphite and stringent government regulations regarding the mining process are expected to hinder the growth of the flake graphite market in the aforementioned forecast period.
Now the question is which are the other regions that flake graphite market is targeting? Data Bridge Market Research has estimated Asia-Pacific to dominate the market due to the high consumption of graphite in the automotive, wind and electrical and electronics industries and the rapid industrial development.
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Flake graphite market is segmented on the basis of countries into the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
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Key Market Competitors Covered in the Report
Above are the key players covered in the report, to know about more and exhaustive list of flake graphite companies’ contact us https://www.databridgemarketresearch.com/toc/?dbmr=global-flake-graphite-market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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Global Flake Graphite Market – Industry Trends and Forecast to 2028