Global graphite market to witness 4% CAGR in 2015-2020

IN 2014, the market was valued at $15.06 billion. Based on form, the synthetic graphite segment hold the larger share, with $13.64 billion value, of the total market in 2014; and it is expected to reach $17.14 billion in 2020, at a CAGR of 3.9% for the period 2015-2020.

By geography, the Asia-Pacific graphite market (largest market in 2014) increased by 4% CAGR during 2011-2014 to reach $10.19 billion in 2014 in terms of value.

Based on application, the electrode industry holds the largest share of overall market in 2014. Some of the major drivers behind the growing demand for graphite electrode in the Asia-Pacific market include increasing demand for steel.

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