Expanded Graphite Market - Forecast(2023 - 2028)

Report Code: CMR 57272 Report Format: PDF + Excel

Expanded Graphite Market Overview

Expanded graphite market size is forecast to reach US$308.2 million by 2027, after growing at a CAGR of 7.8% during 2022-2027. Expanded graphite is layered graphite with interlayer space which is altered. Carbon nanotubes are often employed in combination with expanded graphite as flame retardant additives because they have excellent thermal conductivity, this property is creating a growth opportunity for the market growth. Also, the high thermal property makes expanded graphite ideal for the phase change material application. Moreover, the expanded graphite market is majorly driven by the growth of construction activities across the world, because it is utilized as flame retardant additives in roofing, construction materials, and more. Also, the increasing application of expanded graphite in the electronics industry is expected to fuel the growth of the expanded graphite industry during the forecast period. 

COVID-19 Impact 

In the year 2020, to curb the rising cases of Corona Virus there were increasingly stringent regulations imposed by the major economies of the world. As a result, there was a decline in construction activities across the world. For instance, according to European Construction Industry Federation (FIEC) in Hungary, the construction output fell by 9.1 percent in 2020, totaling €12.2 billion (US$13.82 billion), compared to 2019. Moreover, Australian infrastructure projects such as the Chatswood-Bankstown metro line, the Westconnex motorway, and other projects were halted because of the Covid-19 pandemic. Hence, due to the decline of construction output, there was a decline in the demand for the expanded graphite, this negatively impacted the market growth. Nevertheless, in the year 2021, with the ease of Covid-related regulations, the expanded graphite market growth improved. Furthermore, in the future, the impact of the Covid-19 pandemic will be phased away. This will result in the expanded graphite industry growth scenario as it was before the pre-Covid time.

Report Coverage 

The report: "Expanded Graphite Market Report –Forecast (2022-2027)”, by IndustryARC, covers an in-depth analysis of the following segments of the Expanded Graphite Industry. 

By Packaging Form: Coil-Form, Gasket Form, Weave Form, and Others.
By Carbon Purity:85% to 89%, 90% to 94%, 95% to 99%, and 99.5% to 99.95%.
By Application: Fire Retardant Additives, Graphite Foil, Sheet, Gaskets, Bearings, Molded Parts, Refractories, Greases, Atomic Vitality, Roofing, Construction Material, Rubber, Polyolefin Resin, Li-particle Battery, Thermoplastics, and Others.
By Application: Building and Construction (Residential, Commercial, Industrial, and Infrastructure Development), Metallurgy,  Paints and Coatings (Industrial Coating, Special Coating, and Others), Automotive (Passenger cars, Light Commercial Vehicles (LCV), and Heavy Commercial Vehicles (HCV)), Chemical and Petrochemical, Power Generation (Electricity Generation, Atomic Energy, and Others), Electronics and Electrical (Semiconductors, Photovoltaic, Transmitters, and Others), Healthcare and Pharmaceuticals, Textile, Water and Wastewater Treatment, and Others.
By Geography: North America (USA, Canada, and Mexico), Europe (UK, Germany, France, Italy, Netherlands, Spain, Russia, Belgium, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia, and New Zealand, Indonesia, Taiwan, Malaysia, and Rest of APAC), South America (Brazil, Argentina, Colombia, Chile, and Rest of South America), Rest of the World (Middle East (Saudi Arabia, UAE, Israel, and Rest of Middle East), and Africa (South Africa, Nigeria, and Rest of Africa)). 

Key Takeaways 

  • Asia-Pacific region dominated the expanded graphite market, owing to the growing construction activities in the region. For instance, development on the US$4,335 million Zhangzhou Development Zone Shuangyu Island Secondary Development in China started in the 2nd quarter of 2021 and will be finished in the 3rd quarter of 2025. 
  • The Surging adoption of expanded graphite as a constituent in various applications such as coatings, rubber products, energy storage systems, and more such applications is anticipated to fuel the expanded graphite industry growth during the forecast period. 
  • Moreover, the expanding use of expanded graphite in automotive components such as gaskets, batteries, and more is driving up the growth of the market. 
  • However, the high temperature of the expanded graphite makes the handling process difficult, this factor is restricting the market growth. 

Figure: Asia-Pacific Expanded Graphite Market Revenue, 2021-2027 (US$ Billion)


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Expanded Graphite Market Segment Analysis – By Application 

The fire retardant additives held a significant share in the expanded graphite market in 2021 and is projected to grow at a CAGR of 7.6% during 2022-2027. The expanded graphite has the superior qualities of thermal conductivity which make it ideal for application in the textile industry as well as building and construction activities. Moreover, expanded graphite has beneficial properties such as lightness, resistance to heat, superior corrosion, and other similar properties because of these properties expanded graphite application as a fire-resistant additive is increasing. Thus, the application of expanded graphite as fire-retardant additives is increasing, which is propelling the growth of the expanded graphite market growth. 

Expanded Graphite Market Segment Analysis – By End-Use Industry 

The building and construction held a significant share in the expanded graphite market in 2021 and is forecasted to grow at a CAGR of 8.3% during 2022-2027. The expanded graphite is an ecologically viable material making it ideal for application in the building and construction sector. Moreover, a tightening of the ban on dangerous fires-resistant materials, such as brominated or asbestos-based fire-resistant materials is anticipated to fuel the growth of expanded graphite materials. The increasing construction activities across the world is projected to bolster market growth. For instance, the increasing commercial building projects such as Kompass district residential and commercial development 2023, 'Gut Miteinander' community center in Jena2022, Jena high-quality offices in a historic setting 2022 are under construction in Germany. Also, as of March 2022, the construction plan has been approved for the Hub office development project in Canada valued at US$300 million, this project is expected to be completed by the end of 2026. In September 2019, construction work started on the city of Toronto Recreational Facilities accessibility upgrades projects in Canada valued at US$150 million, and this project will be completed by the start of 2025. The increase in the construction of such projects is expected to fuel the demand for expanded graphite. Hence, the growing building and construction activities across the world are projected to accelerate the market growth. 

Expanded Graphite Market Segment Analysis – By Geography 

Asia-Pacific held the largest share in the Expanded Graphite market in 2021 up to 41%. The growth of the Asia-Pacific economy is driven by the growth of the major sectors such as building & construction, chemicals, and metallurgy sectors. For instance, as of February 2022, major commercial construction projects in Vietnam such as Tan Son Nhat Airport 3rd Terminal will be completed by mid-2023, Asahi Tower residential area investment project in Ward 16, District 8 will be finished by 2027, and more such projects is expected to fuel the demand for expanded graphite. Moreover, according to Invest India, it has projected that by the year 2025 the chemicals and petrochemical industry of India will be valued at US$300 billion. Moreover, Major Chemical’s production in India climbed by 23.62% to 73.04 lakhs tons in 2021-22 (up to October-2021) from 59.08 lakhs tons in the previous year's similar period. The major Petrochemicals production in India climbed by 11.85% to 257.44 lakhs tons in 2021-22 (up to October-2021) from 230.15 lakhs tons in the previous year's similar period. Additionally, according to the statistics published by the United States Department of Agriculture (USDA), in 2019 the Chinese iron and steel production was 809 million metric tons, and in 2020, it was 830 million metric tons, an increase of 2.6%. Therefore, the growth of construction activities, chemicals, and metallurgy in the Asia-Pacific region is expanding the growth of the market.

Expanded Graphite Market Drivers 

Growing Chemicals Industry Production 

Expanded graphite is used in numerous high-temperature applications in the chemical industry, such as the manufacturing of phosphorus and calcium carbide in arc furnaces, owing to its superior insulation properties. The growing chemicals and petrochemicals sectors worldwide are expected to propel the demand for expanded graphite, which in turn will drive up the market growth. According to European Chemical Industry Council, in 2020, the Danish chemical industry saw the highest sales, which was Euro5.8 billion (US$6.6 billion), a growth of 6.5% since 2015. Moreover, according to the American Industry Council, in December 2021, the United States produced 7.9 billion pounds of main plastic resins, a 3.9 percent increase over the previous month. In addition, the U.S. Chemical Production Regional Index (U.S. CPRI) increased by 2.2 percent in December after increasing by 0.8 percent in November. Thus, the growing production of chemicals at the global level is expected to drive the growth of the market during the upcoming years. 

Increasing Metallurgy Output 

In the metallurgy industry expanded graphite is utilized during the production of metals such as iron, steel, and more because this graphite has unique electrode properties. The increased production of metals such as iron, steel, manganese, chromium, and others is boosting the need for expanded graphite. According to the United States Department of Agriculture (USDA), total global iron and steel output in 2018 was 1,250 million metric tonnes, and in 2019 it was 1,300 million metric tonnes, a 4% rise. In addition, manganese production in Australia was 3,180 thousand metric tonnes in 2019 and 3,300 thousand metric tonnes in 2020, a 3.8 percent rise. Furthermore, total chromium output worldwide in 2018 was 43,100 thousand metric tonnes, and in 2019 it was 44,000 thousand metric tonnes, a 2.0 percent rise. Thus, the increasing metal production including iron and steel, manganese, chromium, and more is anticipated to fuel the expanded graphite demand, thereby, driving the market growth during the forecast period. 

Expanded Graphite Market Challenges 

Lower Tensile Strength causes Inferior Performance 

Even though expanded graphite sheet is commonly utilized as a sealant, flame retardant additives, and more, it still has several flaws that need to be addressed. The expanded graphite tensile and flexural strength is weaker than other sealing materials, which is a clear drawback. The expanded graphite sheet is not ideal for sealing portions making packing due to its lack of hardness. Moreover, organic solvents are not recommended for exfoliating expanded graphite because of the issues connected with them, such as their high boiling point and toxicity. Hence, these limitations associated with the tensile strength of the expanded graphite is limiting the market growth 

Expanded Graphite Industry Outlook 

Technology launches, acquisitions, and increased R&D activities are key strategies adopted by players in the expanded graphite market. Expanded graphite top 10 companies include:

  1. GrafTech International 
  2. Nippon Kokuen Group 
  3. Yichang Xincheng Graphite 
  4. Nacional De Grafite 
  5. Asbury Carbons 
  6. Triton Minerals 
  7. SGL Group 
  8. NeoGraf Solutions 
  9. ACS Material 
  10. LKAB Minerals 

Recent Developments

  • In January 2022, Tirupati Graphite plc, the specialist graphite firm, launched a new technology that will improve the company's main graphite and downstream specialized graphite production processes significantly. Such new graphite technologies will benefit the market growth. 
  • In October 2021, Black Earth formed a 50:50 joint venture (JV) with India's Metachem Manufacturing to establish an expandable graphite facility in India. The new factory will serve the expanding graphite market, which is forecast to rise.
  • In June 2019, Leading Edge Materials developed expandable graphite in compliance with existing market products from Woxna, Sweden. The new expandable graphite can create various value-added products such as batteries, construction materials, and more. 


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1. Expanded Graphite Market: Market Overview
    1.1 Definitions and Scope
2. Expanded Graphite Market- Executive Summary 
    2.1 Key Trends by Packaging Form 
    2.2 Key Trends by Carbon Purity 
    2.3 Key Trends by Application 
    2.4 Key Trends by End-Use Industry 
    2.5 Key Trends by Geography
3. Expanded Graphite Market– Comparative analysis  
    3.1 Market Share Analysis- Major Companies 
    3.2 Product Benchmarking- Major Companies 
    3.4 Top 5 Financials Analysis 
    3.5 Patent Analysis- Major Companies 
    3.6 Pricing Analysis (ASPs will be provided) 
4. Expanded Graphite Market- Startup companies Scenario Premium Premium 
    4.1 Major startup company analysis: 
        4.1.1 Investment 
        4.1.2 Revenue 
        4.1.3 Product portfolio 
        4.1.4 Venture Capital and Funding Scenario 
5. Expanded Graphite Market– Industry Market Entry Scenario Premium Premium 
    5.1 Regulatory Framework Overview 
    5.2 New Business and Ease of Doing Business Index 
    5.3 Successful Venture Profiles 
    5.4 Customer Analysis – Major companies 
6. Expanded Graphite Market- Market Forces 
    6.1 Market Drivers 
    6.2 Market Constraints 
    6.3 Porters Five Force Model 
        6.3.1 Bargaining Power of Suppliers 
        6.3.2 Bargaining Powers of Buyers 
        6.3.3 Threat of New Entrants 
        6.3.4 Competitive Rivalry 
        6.3.5 Threat of Substitutes
7. Expanded Graphite Market– Strategic Analysis 
    7.1 Value/Supply Chain Analysis 
    7.2 Opportunity Analysis 
    7.3 Product/Market Life Cycle 
    7.4 Distributor Analysis – Major Companies 
8. Expanded Graphite Market-By Packaging Form (Market Size –US$ Million/Billion) 
    8.1 Coil-Form 
    8.2 Gasket Form 
    8.3 Weave Form  
    8.4 Others 
9. Expanded Graphite Market- By Carbon Purity (Market Size-US$ Million/Billion) 
    9.1 85% to 89% 
    9.2 90% to 94% 
    9.3 95% to 99% 
    9.4 99.5% to 99.95% 
10. Expanded Graphite Market- By Application (Market Size –US$ Million/Billion) 
    10.1 Fire Retardant Additives
    10.2 Graphite Foil 
    10.3 Sheet 
    10.4 Gaskets 
    10.5 Bearings 
    10.6 Molded Parts 
    10.7 Refractories 
    10.8 Greases 
    10.9 Atomic Vitality 
    10.10 Roofing 
    10.11 Construction Material 
    10.12 Rubber 
    10.13 Polyolefin Resin 
    10.14 Li-particle Battery 
    10.15 Thermoplastics 
    10.16 Others 
11. Expanded Graphite Market- By End-Use Industry (Market Size -US$ Million/Billion) 
    11.1 Building and Construction 
        11.1.1 Residential 
        11.1.2 Commercial 
        11.1.3 Industrial 
        11.1.4 Infrastructural 
    11.2 Metallurgy
    11.3 Paints and Coatings 
        11.3.1 Industrial Coating 
        11.3.2 Decorative Coating 
        11.3.3 Others 
    11.4 Automotive 
        11.4.1 Passenger cars 
        11.4.2 Light Commercial Vehicles (LCV) 
        11.4.3 Heavy Commercial Vehicles (HCV) 
    11.5 Chemical and Petrochemical  
    11.6 Power Generation 
        11.6.1 Electricity Generation 
        11.6.2 Atomic Energy 
        11.6.3 Others  
    11.7 Electronics and Electrical 
        11.7.1 Semiconductors 
        11.7.2 Photovoltaic 
        11.7.3 Transmitters 
        11.7.4 Others 
    11.8 Healthcare and Pharmaceuticals 
    11.9 Textile 
    11.10 Water and Wastewater Treatment 
    11.11 Others
12. Expanded Graphite Market-By Geography (Market Size -US$ Million/Billion) 
    12.1 North America 
        12.1.1 USA 
        12.1.2 Canada 
        12.1.3 Mexico 
    12.2 Europe 
        12.2.1 UK 
        12.2.2 Germany 
        12.2.3 France 
        12.2.4 Italy 
        12.2.5 Netherlands 
        12.2.6 Spain 
        12.2.7 Russia 
        12.2.8 Belgium 
        12.2.9 Rest of Europe 
    12.3 Asia-Pacific 
        12.3.1 China 
        12.3.2 Japan 
        12.3.3 India 
        12.3.4 South Korea 
        12.3.5 Australia and New Zealand 
        12.3.6 Indonesia 
        12.3.7 Taiwan 
        12.3.8 Malaysia 
        12.3.9 Rest of APAC 
    12.4 South America 
        12.4.1 Brazil 
        12.4.2 Argentina 
        12.4.3 Colombia 
        12.4.4 Chile 
        12.4.5 Rest of South America 
    12.5 Rest of the World 
        12.5.1 Middle East 
        12.5.1.1 Saudi Arabia 
        12.5.1.2 UAE 
        12.5.1.3 Israel 
        12.5.1.4 Rest of Middle East 
     12.5.2 Africa 
        12.5.2.1 South Africa 
        12.5.2.2 Nigeria 
        12.5.2.3 Rest of Africa 
13. Expanded Graphite Market – Entropy   
    13.1 New Product Launches 
    13.2 M&As, Collaborations, JVs and Partnerships 
14. Expanded Graphite Market–Industry / Segment Competition landscape Premium Premium 
    14.1 Company Benchmarking Matrix – Major Companies 
    14.2 Market Share at Global Level - Major companies 
    14.3 Market Share by Key Region - Major companies 
    14.4 Market Share by Key Country - Major companies 
    14.5 Market Share by Key Application - Major companies 
    14.6 Market Share by Key Product Type/Product category- Major companies 
15. Expanded Graphite Market – Key Company List by Country Premium Premium 
16. Expanded Graphite Market Company Analysis - Business Overview, Product Portfolio, Financials, and Developments 
    16.1 Company 1 
    16.2 Company 2 
    16.3 Company 3 
    16.4 Company 4 
    16.5 Company 5 
    16.6 Company 6 
    16.7 Company 7 
    16.8 Company 8 
    16.9 Company 9 
    16.10 Company 10 and more 
"*Financials would be provided on a best efforts basis for private companies"

LIST OF TABLES

1.Global Expanded Graphite Market Analysis and Forecast, by Form, Market 2019-2024 ($M)
1.1 Powder Market 2019-2024 ($M) - Global Industry Research
2.Global Expanded Graphite Market Analysis and Forecast, by End-user, Market 2019-2024 ($M)
2.1 Chemicals Petrochemicals Market 2019-2024 ($M) - Global Industry Research
2.2 Foundry Market 2019-2024 ($M) - Global Industry Research
2.3 Energy Storage Market 2019-2024 ($M) - Global Industry Research
2.4 Construction Market 2019-2024 ($M) - Global Industry Research
3.Global Company Landscape Market 2019-2024 ($M)
3.1 Market Footprint Analysis, Market 2019-2024 ($M) - Global Industry Research
4.Global Expanded Graphite Market Analysis and Forecast, by Form, Market 2019-2024 (Volume/Units)
4.1 Powder Market 2019-2024 (Volume/Units) - Global Industry Research
5.Global Expanded Graphite Market Analysis and Forecast, by End-user, Market 2019-2024 (Volume/Units)
5.1 Chemicals Petrochemicals Market 2019-2024 (Volume/Units) - Global Industry Research
5.2 Foundry Market 2019-2024 (Volume/Units) - Global Industry Research
5.3 Energy Storage Market 2019-2024 (Volume/Units) - Global Industry Research
5.4 Construction Market 2019-2024 (Volume/Units) - Global Industry Research
6.Global Company Landscape Market 2019-2024 (Volume/Units)
6.1 Market Footprint Analysis, Market 2019-2024 (Volume/Units) - Global Industry Research
7.North America Expanded Graphite Market Analysis and Forecast, by Form, Market 2019-2024 ($M)
7.1 Powder Market 2019-2024 ($M) - Regional Industry Research
8.North America Expanded Graphite Market Analysis and Forecast, by End-user, Market 2019-2024 ($M)
8.1 Chemicals Petrochemicals Market 2019-2024 ($M) - Regional Industry Research
8.2 Foundry Market 2019-2024 ($M) - Regional Industry Research
8.3 Energy Storage Market 2019-2024 ($M) - Regional Industry Research
8.4 Construction Market 2019-2024 ($M) - Regional Industry Research
9.North America Company Landscape Market 2019-2024 ($M)
9.1 Market Footprint Analysis, Market 2019-2024 ($M) - Regional Industry Research
10.South America Expanded Graphite Market Analysis and Forecast, by Form, Market 2019-2024 ($M)
10.1 Powder Market 2019-2024 ($M) - Regional Industry Research
11.South America Expanded Graphite Market Analysis and Forecast, by End-user, Market 2019-2024 ($M)
11.1 Chemicals Petrochemicals Market 2019-2024 ($M) - Regional Industry Research
11.2 Foundry Market 2019-2024 ($M) - Regional Industry Research
11.3 Energy Storage Market 2019-2024 ($M) - Regional Industry Research
11.4 Construction Market 2019-2024 ($M) - Regional Industry Research
12.South America Company Landscape Market 2019-2024 ($M)
12.1 Market Footprint Analysis, Market 2019-2024 ($M) - Regional Industry Research
13.Europe Expanded Graphite Market Analysis and Forecast, by Form, Market 2019-2024 ($M)
13.1 Powder Market 2019-2024 ($M) - Regional Industry Research
14.Europe Expanded Graphite Market Analysis and Forecast, by End-user, Market 2019-2024 ($M)
14.1 Chemicals Petrochemicals Market 2019-2024 ($M) - Regional Industry Research
14.2 Foundry Market 2019-2024 ($M) - Regional Industry Research
14.3 Energy Storage Market 2019-2024 ($M) - Regional Industry Research
14.4 Construction Market 2019-2024 ($M) - Regional Industry Research
15.Europe Company Landscape Market 2019-2024 ($M)
15.1 Market Footprint Analysis, Market 2019-2024 ($M) - Regional Industry Research
16.APAC Expanded Graphite Market Analysis and Forecast, by Form, Market 2019-2024 ($M)
16.1 Powder Market 2019-2024 ($M) - Regional Industry Research
17.APAC Expanded Graphite Market Analysis and Forecast, by End-user, Market 2019-2024 ($M)
17.1 Chemicals Petrochemicals Market 2019-2024 ($M) - Regional Industry Research
17.2 Foundry Market 2019-2024 ($M) - Regional Industry Research
17.3 Energy Storage Market 2019-2024 ($M) - Regional Industry Research
17.4 Construction Market 2019-2024 ($M) - Regional Industry Research
18.APAC Company Landscape Market 2019-2024 ($M)
18.1 Market Footprint Analysis, Market 2019-2024 ($M) - Regional Industry Research
19.MENA Expanded Graphite Market Analysis and Forecast, by Form, Market 2019-2024 ($M)
19.1 Powder Market 2019-2024 ($M) - Regional Industry Research
20.MENA Expanded Graphite Market Analysis and Forecast, by End-user, Market 2019-2024 ($M)
20.1 Chemicals Petrochemicals Market 2019-2024 ($M) - Regional Industry Research
20.2 Foundry Market 2019-2024 ($M) - Regional Industry Research
20.3 Energy Storage Market 2019-2024 ($M) - Regional Industry Research
20.4 Construction Market 2019-2024 ($M) - Regional Industry Research
21.MENA Company Landscape Market 2019-2024 ($M)
21.1 Market Footprint Analysis, Market 2019-2024 ($M) - Regional Industry Research

LIST OF FIGURES

1.US Expanded Graphite Market Revenue, 2019-2024 ($M)
2.Canada Expanded Graphite Market Revenue, 2019-2024 ($M)
3.Mexico Expanded Graphite Market Revenue, 2019-2024 ($M)
4.Brazil Expanded Graphite Market Revenue, 2019-2024 ($M)
5.Argentina Expanded Graphite Market Revenue, 2019-2024 ($M)
6.Peru Expanded Graphite Market Revenue, 2019-2024 ($M)
7.Colombia Expanded Graphite Market Revenue, 2019-2024 ($M)
8.Chile Expanded Graphite Market Revenue, 2019-2024 ($M)
9.Rest of South America Expanded Graphite Market Revenue, 2019-2024 ($M)
10.UK Expanded Graphite Market Revenue, 2019-2024 ($M)
11.Germany Expanded Graphite Market Revenue, 2019-2024 ($M)
12.France Expanded Graphite Market Revenue, 2019-2024 ($M)
13.Italy Expanded Graphite Market Revenue, 2019-2024 ($M)
14.Spain Expanded Graphite Market Revenue, 2019-2024 ($M)
15.Rest of Europe Expanded Graphite Market Revenue, 2019-2024 ($M)
16.China Expanded Graphite Market Revenue, 2019-2024 ($M)
17.India Expanded Graphite Market Revenue, 2019-2024 ($M)
18.Japan Expanded Graphite Market Revenue, 2019-2024 ($M)
19.South Korea Expanded Graphite Market Revenue, 2019-2024 ($M)
20.South Africa Expanded Graphite Market Revenue, 2019-2024 ($M)
21.North America Expanded Graphite By Application
22.South America Expanded Graphite By Application
23.Europe Expanded Graphite By Application
24.APAC Expanded Graphite By Application
25.MENA Expanded Graphite By Application