New York, July 04, 2018: The report covers detailed competitive outlook including the market share and company profiles of the key participants operating in the global market. Key players profiled in the report BTR New Energy Materials INC. Mersen, Asbury Carbons, XRD Graphite Manufacturing Co., Ltd., Lianyungang Jinli Carbon Co., Ltd., Qingdao Kropfmuehl Graphite Co., Ltd., BaoFeng JieShi Carbon Material Co. Canada Carbon Inc., IMERYS Graphite & Carbon Switzerland Ltd. Company profile includes assign such as company summary, financial summary, business strategy and planning, SWOT analysis and current developments.

    The scope of the report includes a detailed study of Synthetic Graphite Market with the reasons given for variations in the growth of the industry in certain regions.

    The Synthetic Graphite Market is expected to exceed more than US$ 25 Billion by 2024 at a CAGR of 5% in the given forecast period.

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    Synthetic graphite or artificial graphite plumbago is extracted from purification of hydrocarbon materials like fossil fuel Coke, and coal tar etc. although it’s carbon content similar to the Natural type, however it differs, being much purer in terms of carbon content. synthetic graphite has vital characteristics such as thermal and electric conductivity, resistance to corrosion, lightweight weight and strength that has gained attention from OEMs of various sectors.

    The major driving factors of Synthetic Graphite Market are as follows:

    • Growing Demand for Lithium-Ion Batteries and Fuel Cells
    • Increasing Use of Graphite in the Wind Energy Industry

    The major restraints factors of Synthetic Graphite Market are as follows:

    • Increased Export Duty on Graphite in China

    The major opportunities factor of Synthetic Graphite Market are as follows:

    • Growing Usage of Graphite in Green Technologies

    This report provides:

    1) An overview of the global market for Synthetic Graphite Market and related technologies.
    2) Analyses of global market trends, with data from 2015, estimates for 2016 and 2017, and projections of compound annual growth rates (CAGRs) through 2024.
    3) Identifications of new market opportunities and targeted promotional plans for Synthetic Graphite Market.

    4) Discussion of research and development, and the demand for new products and new applications.
    5) Comprehensive company profiles of major players in the industry.

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    The Synthetic Graphite Market has been segmented as below:

    By Application:

    • Lubricant
    • Foundry
    • Battery
    • Refractory
    • Friction Product
    • Others

    By Product:

    • Electrodes
    • Graphite blocks

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    Source: http://www.financeswire.com/synthetic-graphite-market-industry-demand-size-growth-report-by-2024