Known as intumescent flake graphite, expanded graphite scales off or expands on being heated and is used across varied industry verticals. The global expanded graphite market is growing at a rate of 9.5% and is set to continue into the period 2018 to 2026 at the same rate. As per Transparency market Research, this would translate to a market worth of approximately USD 400 million by the end of the forecast period. It is a notable increase from USD 175 million in the year 2017.
Factors that are driving the market forward are many and varied. And, increase in fire proof construction is one of the most prominent factors. It is absolutely important to make note here that the construction volumes are growing at an impressive pace and by the year of 2030, the increase would be around 85%.
And, since the demand for such material is arising from both residential and non residential sectors, market would see a steep curve, facing upward. Furthermore, it would not be wrong to say that policy framework around construction is also driving higher demand. In a number of countries, regulatory authorities are mandating such use in construction. More demand for materials that are fire-resistant is set to add to the growth trajectory of the global expanded graphite market.
Another factor of growth is use of graphite foils in electronic products for proper conductivity of heat and electricity that is responsible for ensuring that they do not damage the product. It is important to make note of the point here that demand for consumer electronics is quite high and an increasing disposable income is set to keep the market buoyant over the next few years.
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Top players in the global expanded graphite market are GrafTech International, Nippon Kokuen Group, Yichang Xincheng Graphite Co., Ltd., Nacional De Grafite, Asbury Carbons, Triton Minerals, SGL Group, NeoGraf Solutions, Shijiazhuang ADT Carbonic Material Factory, ACS Material, LLC, LKAB Minerals AB, Graphex Mining Limited, Qingdao Braide Graphite Co. Ltd., and HP Materials Solutions, Inc. (HPMS).