Global Isostatic Pressure Graphite Market - Forecast(2023 - 2028)

Global Isostatic Pressure Graphite Market Overview

Global isostatic pressure graphite market size is forecasted to reach US$2.1 billion by 2027 after growing at a CAGR of 4.2% during 2022-2027. Isostatic pressure graphite is a type of graphite with an ultra-fine grain that is used for specific purposes where the mechanical properties found in other fine-grained graphite are inadequate. This is a by-product of the coking of hard coal. Pitch is a dense black liquid. Among its other desirable properties, isostatic pressure graphite is corrosion resistant. Isostatic pressure graphite is also known as isostatically molded graphite, which is a reference to the means by which the raw material mixture is compressed into rectangular or round-shaped blocks in a system called cold isostatic pressing (CIP). Cold isostatic pressing is a material processing method where a change in pressure of an enclosed incompressible fluid is conveyed unchanged to every part of the fluid including to the surface of its container. The different applications of isostatic pressure graphite are electrode, electrical discharge machining, high-temperature applications, silicon monocrystalline, polycrystalline silicon, electric spark machine, vacuum sintering furnace, vacuum furnace, diamond sintering, sealing products, graphite mold, metal smelting, continuous casting and mold manufacturing, glass, electronic industry, etc. The growth in these applications is driving the global isostatic pressure graphite industry during the forecast period

COVID-19 Impact

The Coronavirus pandemic has impacted the isostatic pressure graphite industry, stuttering the manufacturing industry. Currently, the end-use industries such as metal, photovoltaic, electrical & electronics, automotive, industrial, and others are highly impacted. The stringent government regulations due to covid have decreased production and purchases, Manufacturers are comprehending strategies to revive from the current situation by means of reshaping their sales channels as well as product innovation. China dominates the supply chain of the isostatic graphite market. Thus, the advancement in graphite products is set to grow the isostatic pressure graphite industry during the forecast period.

Report Coverage

The report: “Global Isostatic Pressure Graphite Market Report – Forecast (2022-2027)”, by IndustryARC, covers an in-depth analysis of the following segments of the global isostatic pressure graphite industry.

By Form: Blocks. Tubes, Plates, and Others.
By Application: Semiconductor Wafers, Nuclear Graphite, Molded Graphite, Mechanical Seals, Carbon Brushes, and others.
By End-User: Metal Industry, Automotive, Electricals and Electronics, Nuclear Power Plants, Glass Industry, Aerospace, 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 (the Middle East, and Africa).

Key Takeaways

• The beneficial properties of isostatic pressure graphite such as high strength and excellent thermal resistance are driving the market growth.
• The isostatic graphite used in electric vehicles is expected to boost the manufacturing sector in China and help the growth of the automotive industry in turn helping the global isostatic pressure graphite market growth. 
• In the electrical field isostatic pressure graphite is used for electronic tubes and semiconductor containers, among others. This acts as an essential material for nuclear power reactors and solar photovoltaic cells.

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

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Global Isostatic Pressure Graphite Market Segment Analysis – By Application

The molded isostatic pressure graphite segment held the largest share in the global isostatic pressure graphite market in 2021 and is expected to grow with a CAGR of 4.5% during 2022-2027. This type of graphite is a cold molded graphite, Iso-statically pressed. The result is a graphite material that has excellent properties, uniformly distributed throughout the entire mass, without having a grain direction. Combine that with high density and small particle size, and the result is a highly engineered material, very strong, with good machinability, and capable of retaining very fine details. It is resistant to high temperatures in controlled environments, electro-conductive and has self-lubricating properties. New technologies and improvements to existing manufacturing processes, to design and create the next generation of Isostatic Molded graphite materials, making them even stronger, denser with exceptional properties. Isostatic molded graphite materials are a great choice for a lot of special applications; it is designed and manufactured with the intent of offering custom solutions to highly engineered processes. Thus, the advancing technologies of isostatically molded pressure graphite is driving the global isostatic pressure graphite industry during the forecast period.

Global Isostatic Pressure Graphite Market Segment Analysis – By End-User

The aerospace segment accounted for around 22% of the market share in 2021 in the global isostatic pressure graphite market. Graphite is used in the aerospace industry for a wide variety of applications. Heat Treating Synthetic graphite is used as engineered material to create precision machined plates, posts, nuts and bolts along with heating elements and fixtures used in the heat treatment of aerospace metals such as (titanium, stainless steel, and other alloys). The heat treatment process is used to give these metals improved strength, flexibility, or hardness. Generally, the graphite plates are preferred as fixtures because they are inert and do not transfer any chemistry or metals to the aerospace metal being treated, with the exception of the eutectic reaction. Graphite plates are long lasting and can be reused numerous times providing a cost-effective solution to heat treating of exotic materials. As an extension of heat treating for aerospace, a common graphite use is as a susceptor. “A susceptor is a material used for its ability to absorb electromagnetic energy and convert it to heat. This really explores the use of graphite as graphite susceptors are not only used for aerospace metals, but also for non-metal composites, and increasingly used for aerospace electronics (semiconductors) production. Graphite itself is used for jet and rocket engine nozzles and Carbon/Graphite vanes, impellers and rotors move aviation fuel safely without the dangers of creating sparks to ignite fuel. Aerospace and synthetically engineered graphite, a good combination of material science, metallurgy, and physics. Worldwide demand for U.S. civil aviation products dropped significantly. Therefore, the development of aerospace segments is set to drive the Isostatic pressure graphite industry during the forecast period.

Global Isostatic Pressure Graphite Market Segment Analysis – By Geography

Asia-Pacific held the largest share in the global isostatic pressure graphite market in 2021 up to 29.0% owing to the growth of end-use industries like automotive, metal industry, electricals and electronics, nuclear power plants, glass industry, aerospace, others. The isostatic graphite market in the Asia Pacific is estimated to expand at a considerable pace owing to the increase in demand for global isostatic pressure graphite materials in electrical & electronics and industries in the region. According to India Brand Equity Foundation (IBEF), electronic goods exported between April 2021 to August 2021 were accounted for US$ 5.37 billion and for the month of August 2021, it was US$ 1.14 billion. Therefore, electricals and electronics sector growth is anticipated to drive the global isostatic pressure graphite market in the Asia-Pacific region.

Global Isostatic PressurGraphite Market Drivers

Increasing Demand from Electronical and Electronics industry

Global isostatic pressure graphite is becoming more popular in the electronics sector due to its excellency as an energy conductor. Isostatic pressure graphite’s unique ability to conduct electricity while dissipating or transferring heat away from critical components makes it a great material for electronics applications including semiconductors, electric motors, and even in the production of modern-day batteries. As devices and electronics are becoming lighter and thinner carbon nanotubes are becoming the norm, and they are proving to be the future of nanotechnology and the semiconductor industry. Besides being used in nanotechnology, which is still rather new in the world of semiconductors, most graphite manufacturers have been making specific grades of graphite for the semiconductor industry for decades. According to India Electronics and Semiconductor Association (IESA), electronics production contributed 3.3% to the Indian economy in 2021. Thus, the growth of the electronics sector is driving the global isostatic pressure graphite during the forecast period.

Accelerating Technology of Graphite

The carbon graphite materials (or products) are formed by hot extrusion and molding (cold or hot). Isostatic pressing is a new molding method. The method of isostatic pressing, it is designed according to the principle of equal pressure in each direction in a liquid or gaseous medium. In the production, the powder to be pressed is put into a soft plastic bag (such as rubber, aluminum skin or (Oil or emulsion) or gas. The cylinder is sealed, through the external pressure, compress the medium, so that the product (oil or emulsion) or gas (argon, nitrogen), after sealing, its Compressed to size. The isostatic pressing machine is not only for pressing of products but also for asphalt impregnation devices. the product and the asphalt are installed in the sealed metal aluminum skin, placed in the hot isostatic pressing machine, using the gas as medium, heating, pressing, until all the asphalt is carbonized. The products will get a max density of resin. This is because not only the asphalt can penetrate the entire pores of the product, but also there is no phenomenon of asphalt exudation during decompression of the bitumen after the decompression and during roasting, as in conventional equipment. According to CFC CARBON CO., LTD, currently, few companies have been able to mass-produce of 1500 × 2000mm of the isostatic pressure graphite. It is reported that they will develop a size of 2000mm diameter products production ability, about 6,000 tons per year. Therefore, the new technological development is driving the market during the forecast period.

Global Isostatic Pressure Graphite Market Challenges

Power Management System

With the rapid development of electronic devices towards miniaturization, lightweight, and high performance, the heat produced by the ever-increasing power density has become a key problem in restricting the reliability and efficiency of electronic equipment. In order to effectively dissipate heat, thermal management materials with high thermal conductivity (TC) and low coefficient of thermal expansion (CTE) which matches the semiconductors are urgently needed. Thermal management materials have been developed for several periods, but some traditional thermal management materials, such as Invar, Kovar, SiC/Al, and Si/Al, can no longer fulfill the requirements for high power electronic devices due to insufficient. graphite films and aluminum foils as raw materials and fabricated laminate composites by vacuum hot pressing. Having successfully solved the problem of orientation, the TC(Technetium) of obtained composites can reach as high as 902 W/m·K. Nevertheless, its application was still restricted by low mechanical properties, and research shows that mechanical properties are closely related to the diameter of graphite. Therefore, the advancing technology of electronics is anticipated to the growth of the global isostatic pressure graphite market.

Global Isostatic Pressure Graphite Industry Outlook

Technology launches, acquisitions, and R&D activities are key strategies adopted by players in the Global isostatic pressure graphite market. Global isostatic pressure graphite market top 10 companies are:

1. Baofeng Five-star Graphite Co., Ltd.
2. Datong Xincheng New Material Co., Ltd
3. Energoprom
4. IBIDEN CO., LTD.
5. Fangda Carbon New Material Co., Ltd
6. GrafTech International Holdings Inc
7. Mersen Group
8. Nippon Graphite Industries, Co., Ltd.
9. SGL Group
10. Tokai Carbon Co., Ltd.

Recent Developments

• In February 2022, Hosokawa Alpine developed an innovative solution, the graphite spheroidisation for lithium-ion batteries
•  In May 2021, Hosokawa Alpine introduced better energy efficiency with new control algorithms and frequency converters, and inert gas atomization and refining of high-quality metal powders.
• In May 2021 SGL carbon developed battery felts and bipolar plates in stationary energy storage devices (so-called redox flow batteries) to enable efficient charging and discharging.
  
  

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