The Latest Graphite Industry Statistics Explained
The global graphite industry market was valued at US$ 19.7 Billion in 2019.
The statistic “The global graphite industry market was valued at US$ 19.7 billion in 2019” indicates the total market worth of graphite products worldwide during that year. Graphite, a mineral consisting of carbon atoms, has diverse industrial applications in sectors such as automotive, aerospace, electronics, and energy storage. The market value represents the total revenue generated from the production and sale of graphite-based products, including raw materials, batteries, lubricants, and other specialty items. This figure serves as a key indicator of the significance and economic impact of the global graphite industry, highlighting its scale and contribution to the overall economy.
World graphite supply from 2011 to 2015 was averagely 1.16 million metric tons per year.
The statistic indicates that the world graphite supply averaged 1.16 million metric tons per year between 2011 and 2015. This average value represents the total amount of graphite sourced globally annually during the specified period. The consistent supply of graphite at this level suggests that there was a stable demand for graphite during these years and that the global market was able to meet this demand. Understanding this statistic is essential for industries that rely on graphite, such as the automotive, electronics, and renewable energy sectors, as it provides valuable insights into the availability and potential market trends of this important mineral resource.
In 2020, the global graphite industry was projected to reach revenues of $21.2 billion by 2025.
The statistic implies that, based on projected trends and growth rates, the global graphite industry is expected to experience significant expansion over the next five years, reaching a total revenue of $21.2 billion by 2025. This estimate serves as a forecast for the potential financial performance and overall health of the graphite industry on a worldwide scale. Such projections are typically based on various factors such as current market conditions, historical data, technological advancements, and anticipated changes in demand for graphite products across different industries. Investors, policymakers, and industry stakeholders may use this information to make informed decisions and strategic plans for the future.
Graphite is projected to have an annual growth rate of 2.8% for the next five years.
The statistic indicates that graphite, a mineral commonly used in various industries such as battery production, is expected to experience a steady increase in production or consumption over the next five years, with an annual growth rate of 2.8%. This projection suggests that demand for graphite is anticipated to rise at a consistent pace, potentially driven by factors such as the increasing demand for lithium-ion batteries, which rely on graphite as a key component. Such growth rate forecasts can be valuable for businesses and investors in the graphite industry to make informed decisions regarding production capacity, investments, and overall market strategies.
China dominated the global graphite production with 64% share in 2019.
The statistic ‘China dominated the global graphite production with 64% share in 2019’ indicates that China was the leading producer of graphite worldwide in 2019, contributing to nearly two-thirds of the total global production. This implies that China had a significant influence on the supply and market dynamics of graphite during that year. The data suggests that China was a key player in meeting the global demand for graphite, which is a critical material used in various industrial applications, including batteries, electronics, and manufacturing. The statistic highlights China’s dominant position in the graphite industry and its influence on the global market for this essential material.
In 2020, nearly 69% of worldwide graphite was flake graphite.
The statistic indicates that in 2020, approximately 69% of the total global production of graphite comprised of flake graphite. Flake graphite is a type of natural graphite mineral that is characterized by its flaky or plate-like structure, making it suitable for various industrial applications such as lubricants, batteries, and refractories. The high percentage of flake graphite in the global graphite production suggests its significant importance in meeting the demands of industries that rely on graphite as a raw material. This statistic underscores the dominance of flake graphite as a valuable resource in the global graphite market and highlights its widespread utilization across diverse sectors.
In 2017, worldwide graphite production was 1.2 million metric tons.
The statistic ‘In 2017, worldwide graphite production was 1.2 million metric tons’ indicates the total amount of graphite extracted and processed globally in the year 2017. Graphite is a naturally occurring form of carbon with various industrial applications, including in the production of batteries, lubricants, refractories, and pencils. The production quantity of 1.2 million metric tons reflects the scale of global demand for graphite-based products and emphasizes its significance in modern industries. Monitoring and understanding trends in graphite production can provide insights into the overall health and growth of industrial sectors and offer valuable information for key stakeholders such as policymakers, companies, and investors.
North America’s graphite market should experience over 4% growth in revenue by 2024.
The statement indicates that the revenue generated from the graphite market in North America is expected to increase by more than 4% by the year 2024. This growth forecast suggests a positive outlook for the graphite market in the region, with an anticipation of increased demand or improved pricing that will lead to higher sales and revenue. Factors contributing to this growth could include technological advancements driving demand for graphite-based products in industries such as electronics, energy storage, and automotive. The forecasted growth rate of over 4% signals a relatively healthy and expanding market for graphite in North America over the next few years.
The U.S. imported $360 million worth of natural graphite in 2016.
The statistic ‘The U.S. imported $360 million worth of natural graphite in 2016’ indicates the total value of natural graphite that was brought into the United States in that year. Natural graphite is a mineral used in various industrial applications such as batteries, lubricants, and refractories. The $360 million figure represents the monetary worth of the imported natural graphite products, which suggests a significant demand or reliance on this material within the U.S. economy. This statistic is important for understanding the country’s trade relationships, resource utilization, and industrial activities related to natural graphite.
In India, quantity of graphite exported amounted to around 3.88 thousand metric tons in fiscal year 2020.
The statistic indicates that in fiscal year 2020, India exported approximately 3.88 thousand metric tons of graphite. This figure represents the total amount of graphite, measured in metric tons, that was sold and shipped out of the country during that specific period. Graphite is a mineral commonly used in various industries such as electronics, batteries, lubricants, and refractories. The quantity of graphite exported serves as a key indicator of the country’s graphite production capacity, market demand, and international trade activities in the global graphite market. The statistic provides valuable insights into India’s position as a supplier of graphite and its significance in the global trade network for this particular mineral.
Global demand for lithium-ion battery graphite is predicted to reach 852,000 tons by 2025.
The statistic that the global demand for lithium-ion battery graphite is predicted to reach 852,000 tons by 2025 signifies a significant increase in the need for graphite as a key component in manufacturing lithium-ion batteries. As the demand for electric vehicles and renewable energy storage solutions continues to rise, the demand for lithium-ion batteries, and subsequently graphite, is expected to grow rapidly. This statistic highlights the importance of graphite in the production of energy storage technology and underscores the ongoing shift towards sustainable and clean energy sources on a global scale. Meeting this predicted demand will require strategic planning and investment in graphite mining and processing facilities to ensure an adequate and sustainable supply chain for the booming lithium-ion battery industry.
Natural graphite exports from the United States amounted to about 27 million U.S. dollars in 2020.
The statistic indicates that the United States exported approximately 27 million U.S. dollars worth of natural graphite in the year 2020. Natural graphite is a form of carbon mineral that is utilized in various industries such as automotive, aerospace, and electronics for its unique properties. The export value of 27 million U.S. dollars reflects the economic contribution of the natural graphite industry to the U.S. economy through international trade. The data highlights the demand for natural graphite from overseas markets and signifies the importance of the mineral as a key export commodity for the United States in 2020.
As of 2016, there were around 20 different applications for graphite.
The statistic “As of 2016, there were around 20 different applications for graphite” indicates that graphite, a form of carbon, has a wide range of uses across various industries. These applications may include technological uses in electronics and batteries, as well as industrial applications in manufacturing processes and automotive components. The diversity of uses for graphite highlights its versatility and importance as a material in modern society. The statistic suggests that graphite plays a significant role in multiple sectors and is likely to continue to be in demand for a variety of purposes.
In 2013, synthetic graphite constituted the majority of global graphite products at 55%, followed by natural graphite.
The statistic states that in 2013, synthetic graphite made up the largest portion of global graphite products, accounting for 55% of the market share, while natural graphite followed closely behind. This implies that synthetic graphite, which is produced from petroleum coke or coal tar pitch through various processes, was the most widely used form of graphite during that period. Natural graphite, on the other hand, is derived from natural mineral deposits and represented a significant portion of the market as well. This statistic highlights the dominance of synthetic graphite in the graphite industry in 2013, potentially reflecting factors such as cost-effectiveness, availability, or specific properties that made it preferable over natural graphite for various applications.
Graphite is expected to be the fastest-growing type in the global carbon market, with a CAGR of 11.1% from 2020 to 2027.
The statistic indicates that graphite is projected to experience the highest growth rate among all carbon products in the global market, with a compound annual growth rate (CAGR) of 11.1% over the period from 2020 to 2027. This suggests that demand for graphite is anticipated to significantly increase during this time frame, which could be driven by various factors such as its widespread applications in industries like electronics, automotive, and energy storage. The substantial growth rate implies a strong market potential and attractiveness for investors and stakeholders interested in capitalizing on the expanding graphite market. Additionally, this forecast provides valuable insights for decision-makers and industry players to strategize and position themselves to leverage this growth opportunity within the global carbon market.
The natural graphite segment dominated the industrial diamonds and graphite market with a share of 52% in 2020.
The statistic indicates that in 2020, the natural graphite segment had the highest market share of 52% within the industrial diamonds and graphite market. This suggests that natural graphite products, derived from naturally occurring graphite mineral deposits, accounted for over half of the market demand for industrial diamonds and graphite materials. The dominance of the natural graphite segment signifies its significant importance and widespread use across various industries, such as automotive, aerospace, electronics, and energy storage, where graphite is utilized for its unique properties such as conductivity, lubrication, and thermal resistance. This statistic highlights the strong position of natural graphite products in the market and emphasizes the key role they play in driving the overall industrial diamonds and graphite market.
The initial investment to start a graphite company is typically between $150 – $200 Million.
The statistic indicates that the initial investment required to establish a graphite company falls within the range of $150 to $200 million. This financial outlay covers the costs associated with setting up the necessary infrastructure, acquiring resources, conducting research and development, and other expenses related to launching and operating a graphite company. The specified range suggests that the exact amount of investment may vary depending on factors such as market conditions, scale of operations, technology used, and geographical location. Overall, the statistic highlights the substantial capital investment needed to enter the graphite industry and underscores the financial considerations involved in starting such a business.
As of 2020, large producing graphite mines are found in China, Brazil, Canada, Mozambique, Tanzania, North Korea and Madagascar.
This statistic indicates the distribution of large producing graphite mines across different countries as of the year 2020. China, Brazil, Canada, Mozambique, Tanzania, North Korea, and Madagascar are highlighted as key locations where significant graphite mining activities take place. The presence of these mines in multiple countries demonstrates the global nature of the graphite mining industry, with various regions contributing to the production of this important industrial mineral. The concentration of graphite mines in these specific countries suggests that they likely possess favorable geological conditions or resources conducive to graphite extraction, making them prominent players in the global graphite market.
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