Graphite Industry News

China Plans Graphite Megafactories to Meet Booming Demand for Battery Storage

China is leading efforts to deliver an almost threefold increase in global graphite processing capacity by 2020, to meet mushrooming lithium-ion battery industry demand.

The Chinese firms Shanshan Technology, BTR New Energy Materials and LuiMao Graphite (in association with BAIC Automotive Group) are building lithium-ion battery graphite anode megafactories with a total processing capacity of 260,000 metric tons per year.

Hitachi Chemical, in Japan, is planning another facility to process 100,000 metric tons of graphite a year. The increases compare to a total estimated global processing capacity of around 200,000 metric tons at present.

Last year, graphite production amounted to just 100,000 metric tons.

Read More

Worldwide Lithium Ion Cell and Battery Pack Market: Savvy Players Focus on Expanding Product Portfolio to Sustain Competition, Finds TMR

Transparency Market Research (TMR) says that the global lithium ion cell and battery pack market is somewhat fragmented as top six players, namely Panasonic Corporation, Samsung SDI Co. Ltd., BYD Co. Ltd., LG Chem Power Inc., Toshiba Corporation, and GS Yuasa Corporation held a little over 45% of the global market in 2016.

Investments in research and development for cost-effective and energy efficient products is one of the key growth strategies that players in this market are focused on to sustain the continuously changing business scenario. For example, Tianjin Lishen Nattery Co. Ltd. is engaged in research and development in battery technology for upgrading its existing product portfolio. The company plans to invest US$0.22 billion in its research center in the next 5 years for carrying out research and development pursuits.

Read More

Graphite Market Worth 29.05 Billion USD by 2022

The report "Graphite Market by Application (Refractory, Foundry, Battery, Friction Product, Lubricant), Type (Natural Graphite, Synthetic Graphite), Natural Graphite (Flake, Amorphous, Vein), Region - Global forecast to 2022", published by MarketsandMarkets(TM), the market is projected to reach USD 29.05 Billion by 2022, at a CAGR of 5.2% from 2017 to 2022.

Growing demand for lithium-ion batteries and fuel cells, increasing use of graphite in the wind energy industry, and rising use of graphite for the manufacture of structural composite parts used in aircraft are the key factors driving the market.

Read more

 

Global lithium-ion market expected to generate revenue of $46.21 billion by 2022

According to a new report published by Allied Market Research, the global lithium-ion battery market is expected to generate revenue of $46.21 billion by 2022, with a CAGR of 10.8% during the forecast period (2016-2022). The report indicates that the market for these batteries is expected to witness notable growth because of their increasing application in the automotive sector.

Additional key factors contributing to the increasing demand of lithium is the growing use of portable electronic devices such as smartphones, tablets, and others; stringent government regulations aimed at reducing the increasing pollution levels; and enhanced efficiency of lithium-ion batteries. MGX Minerals Inc. (OTC: MGXMF) (CSE: XMG.CN), Sociedad Quimica y Minera de Chile (NYSE: SQM), Albemarle Corporation (NYSE: ALB), FMC Corp. (NYSE: FMC), Tesla Inc. (NASDAQ: TSLA)

Read more

 

Graphite Market Expected to Reach $ 16.8 Billion, Globally by 2023 - Research Nester

The Global Graphite Market is majorly driven by technological advancement in automobile and electronics industry, according to our research report “Global Graphite Market Outlook 2023”. The global graphite market is segmented into product type such as natural graphite and synthetic graphite. Among these segments, synthetic graphite is expected to be the fastest growing market owing to wide-scale application and rising demand in automobile industries.

The global graphite market is predicted to expand significantly at a CAGR of 10.52% over the forecast period i.e. 2016-2023. Moreover, the global graphite market accounted for USD 15.2 Billion in 2015. The graphite market of Asia-Pacific is estimated to register at a CAGR of 4.5% over the forecast period. Moreover, the market accounted the largest revenue share of 66.2% in 2015 in overall graphite market across the globe.

Read More