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Graphite Global Market Report 2021: COVID 19 Impact and Recovery to 2030

ReportLinker
·2-min read

Major companies in the graphite market include Graphite India Limited; Mason Graphite; SGL Carbon SE; GrafTech International Holdings Inc and Triton Minerals Ltd. The global graphite market is expected to grow from $0.

New York, Feb. 09, 2021 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Graphite Global Market Report 2021: COVID 19 Impact and Recovery to 2030" - https://www.reportlinker.com/p06018811/?utm_source=GNW
4 billion in 2020 to $0.45 billion in 2021 at a compound annual growth rate (CAGR) of 12.5%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $0.6 billion in 2025 at a CAGR of 7%.

The graphite market consists of sales of graphite and its compounds by entities (organizations, sole traders and partnerships) that mine graphite and its compounds which are used in refractory materials, the chemical industries, nuclear industries, electrical applications, and mechanical applications. The graphite market is segmented into flake graphite and non-flake graphite.

Asia Pacific was the largest region in the global graphite market, accounting for 40% of the market in 2020. South America was the second largest region accounting for 20% of the global graphite market. Africa was the smallest region in the global graphite market.

Companies involved in Graphite mining are increasingly using autonomous vehicles to increase productivity, reduce cost and increase safety. Autonomous vehicles increase efficiency by minimizing delays, reducing operating costs and eliminate mistakes by improving the accuracy and repeatability. For instance, Rio Tinto, BHP Billiton, and Fortescue Metals Group are deploying autonomous vehicles in their operations, using driverless trucks to haul ore.


Read the full report: https://www.reportlinker.com/p06018811/?utm_source=GNW

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