Flake Graphite Market Industry Size, Segments Overview, Business outlook, Trends, Global Forecast 2029
VALLEY COTTAGE, N.Y. – Introduction
One of the naturally occurring forms of graphite is flake graphite. Within its composition, flake graphite is noted to have nearly ~85% carbon content, leading to its consumption in several high-value applications. The applications of flake graphite include battery electrodes, refractory materials, coatings, lubricants, brake liners, among others. Some of the prominent properties of flake graphite that make it the most suitable material in the aforementioned applications are its high electrical and thermal conductivity coupled with enhanced molding characteristics.
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The occurrence of flake graphite is found to be in flat, plate like crystals and irregular edges. Flake graphite is found in significant proportions in the quartz-mica schist and other feldspathic minerals.
Flake Graphite Market: Dynamics
One of the significantly important driving factor in the flake graphite marketplace is the increasing production of batteries. As it is largely consumed in the production of electrodes, the demand for flake graphite is witnessing a significant upsurge. With a relatively higher purity among all forms of graphite, the use of flake graphite makes the downstream process efficient for the battery producers as less impurities are to be eliminated. Coupled with that, large scale production of electric vehicles across geographies and across vehicle types, is significantly propelling the demand for batteries, indirectly impacting the flake graphite marketplace. Flake graphite is also found to be consumed as a filler in several anti-corrosion paints and as a fireproofing filler. The mining and metal processing industry is noted to experience a swift growth in the coming future, propelling the demand for refractories and hence, having an indirect impact on the flake graphite market as well. With large scale volumes being procured by the refractory manufacturers, it is anticipated that the application will remain on of the most significant one in the short term forecast period.
The market penetration of the synthetic counterparts to flake graphite products is showing its impact in the overall market. Though being inexpensive than the synthetic graphite, flake graphite market is at a disadvantage considering certain factors. In terms of performance and other product features, the synthetic graphite product is noted to have an edge over the natural flake graphite. Rising environmental concerns pertaining to the mining activities of flake graphite are likely to affect the suppliers overall output. This can act in favor of synthetic graphite as the end consumers will incline towards the most readily available substitute products in the market. With the synthetic graphite expanding at a faster pace, it is expected that in the overall demand for graphite, the two products will account for a nearly equivalent proportion in the long term forecast period, implying that the demand for flake graphite might witness a slack over the same period of time. Additionally, it is also found that since flake size as well as purity are the two price affecting factors, for an equivalent amount of amorphous and flake graphite product forms, amorphous graphite is priced nearly four times cheaper than the flake graphite products. This impact of this factor is notably minimized due to the better product quality and relatively higher purity of flake graphite in the marketplace.
The end user consumption pattern is largely dependent on the purity and flake size. For instance, the refractory manufacturers are very particular about the flake size used in the production of refractories. Also, certain manufacturers are noted to initiate custom manufacturing of flake graphite products on order basis in order to cater to the specific demands.
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Flake Graphite Market: Regional Outlook
On a regional front, large scale flake graphite is noted to be produced from countries such as China, Australia, Brazil and other African countries. While the consumption of flake graphite is observed to remain prominent globally considering the widespread industrial applications, its international trade is anticipated to expand with a steady growth rate. Particularly, The consumption of flake graphite in highly prominent in the countries of East Asia due to the vast amount of battery manufacturers based in the region.
Some of the market participants in the global flake graphite market identified across the value chain include:
- Mineral Commodities Ltd.
- American Elements
- Merck KGaA
- Yichang Xincheng Graphite Co.,Ltd.
- Kibaran Resources
- Focus Graphite Inc.
- Great Lakes Graphite dba NovoCarbon Corporation
- Qingdao Yanxin Graphite Products Co. Ltd
- Imerys S.A.
- Superior Graphite Co.
- Mason Graphite
- James Durrans & Sons Ltd.
- HP Materials Solutions, Inc.
- Talga Resources
- Canada Carbon Inc.
- Tamil Nadu Minerals Ltd., (TAMIN)
- Agrawal Graphite & Carbon Products (P) Ltd
- Graphite India Limited
- Chotanagpur Graphite Pvt Ltd.
- Tirupati Carbons & Chemicals Pvt Ltd
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