Synthetic Graphite Market Regional Analysis:
APAC Market Insights
The Asia Pacific synthetic graphite market is set to dominate majority revenue share of 45% by the end of 2035. The market growth is propelled by increasing demand for synthetic graphite for the manufacturing of batteries, and electronics products. For instance, China manufactured almost 80% of all lithium-ion batteries produced globally in 2021.
Moreover, expanding demand for semiconductors, graphite electrodes, and carbon fiber-reinforced plastic will drive the market growth. In addition, favorable governmental industrial expansion policies, and the expanding residential construction industry, especially in countries such as Japan and China are some of the significant factors anticipated to drive the market revenue.
Europe Market Insights
The European synthetic graphite market is predicted to hold 25% share during the forecast period, impelled by radically increasing demand for batteries, coupled with significant expansion in the automotive sector in the region. Moreover, surging demand for synthetic graphite in various industries such as the nuclear industry, metallurgy, chemical industry, etc. is another significant factor that is expected to accelerate the market growth.
