Expandable Graphite Market Size (2024 - 2029)

The expandable graphite market is projected to experience growth over the forecast period, driven by its rising use as a flame retardant in construction and the growing demand for non-halogenated alternatives, alongside expansion in the consumer electronics sector. Despite potential challenges such as limited graphite supply and increasing prices, the market is poised for opportunities due to regulatory bans on hazardous materials like brominated and asbestos refractories. The Asia-Pacific region is anticipated to lead in market share during this period.

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Market Size of Expandable Graphite Industry

Expandable Graphite Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
CAGR 7.64 %
Fastest Growing Market Asia-Pacific
Largest Market Asia-Pacific
Market Concentration Low

Major Players

Expandable Graphite Market Major Players

*Disclaimer: Major Players sorted in no particular order

Expandable Graphite Market Analysis

The global expandable graphite market size is estimated at 76.75 kilotons in 2023 and is expected to reach 110.90 kilotons by 2028, growing at a CAGR of 7.64% during the forecast period.

  • Over the medium term, factors such as the increasing adoption of expandable graphite as a flame retardant in the construction industry, increasing demand for non-halogenated flame retardants, and growth in the consumer electronics market are expected to increase the global consumption of expandable graphite.
  • However, it is estimated that the demand for expandable graphite may decrease shortly due to the limited supply of graphite. Furthermore, limited supply and rising prices are also expected to hamper the market.
  • Nevertheless, increasing bans on hazardous refractories such as brominated or asbestos refractories in buildings and gaskets are expected to provide new opportunities for the expanded graphite market.
  • In terms of revenue, Asia-Pacific is expected to dominate the global market during the forecast period.

Expandable Graphite Industry Segmentation

Expandable graphite, also known as exfoliated graphite, is made from the naturally occurring mineral graphite. It has numerous unique properties, such as high corrosion resistance, heat resistance, radiation resistance, compressive strength, and softness. Expandable graphite is primarily used as a flame retardant. It is used in the thermal management of consumer electronic products.

The expandable graphite market is segmented by application and geography. By application, the market is segmented into flame retardant, flexible foils, conductive additives, metallurgy, and graphene. The report covers the market size and forecast for the expandable graphite market in 15 countries across major regions. For each segment, the market sizing and forecasts have been done based on volume (kilotons).

Applications
Flame Retardant
Flexible Foils
Conductive Additives
Metallurgy
Graphene
Geography
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Middle-East and Africa
South Africa
Saudi Arabia
Rest of Middle-East and Africa
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Expandable Graphite Market Size Summary

The expandable graphite market is poised for significant growth, driven by its increasing application as a flame retardant across various industries such as construction, electronics, automotive, and textiles. This material is particularly valued for its ability to expand when heated, effectively cutting off the supply of air and thereby inhibiting fire spread. The demand for non-halogenated flame retardants is also contributing to the market's expansion, as regulations increasingly ban hazardous materials like brominated or asbestos refractories. Despite potential challenges such as limited supply and rising prices, the market is expected to benefit from these regulatory changes, creating new opportunities for growth. The Asia-Pacific region, with its robust industrial activities and significant consumption of expandable graphite, is anticipated to dominate the market during the forecast period.

In the Asia-Pacific region, particularly in China and India, the expandable graphite market is experiencing substantial developments. China's economic activities and strategic investments, such as the establishment of a new production plant by Nordmann and ADT, are enhancing the supply chain and production capabilities of expandable graphite. Similarly, India's emerging market is witnessing the establishment of a joint venture for graphite processing, which is expected to boost local production and meet the growing demand. These developments, alongside the increasing use of expandable graphite in electric vehicle batteries and other applications, are expected to drive market growth. The market remains fragmented, with key players like SGL Carbon, AMG Mining AG, and GrafTech International Ltd. actively participating in strategic partnerships and expansions to enhance their market presence.

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Expandable Graphite Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Drivers

      1. 1.1.1 Increasing Adoption of Expandable Graphite as a Flame Retardant

      2. 1.1.2 Increasing Demand for Non-Halogenated Flame Retardants

    2. 1.2 Restraints

      1. 1.2.1 Limited Supply of Expanded Graphite

      2. 1.2.2 Other Restraints

    3. 1.3 Industry Value Chain Analysis

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Bargaining Power of Suppliers

      2. 1.4.2 Bargaining Power of Buyers

      3. 1.4.3 Threat of New Entrants

      4. 1.4.4 Threat of Substitute Products and Services

      5. 1.4.5 Degree of Competition

  2. 2. MARKET SEGMENTATION (Market Size by Value)

    1. 2.1 Applications

      1. 2.1.1 Flame Retardant

      2. 2.1.2 Flexible Foils

      3. 2.1.3 Conductive Additives

      4. 2.1.4 Metallurgy

      5. 2.1.5 Graphene

    2. 2.2 Geography

      1. 2.2.1 Asia-Pacific

        1. 2.2.1.1 China

        2. 2.2.1.2 India

        3. 2.2.1.3 Japan

        4. 2.2.1.4 South Korea

        5. 2.2.1.5 Rest of Asia-Pacific

      2. 2.2.2 North America

        1. 2.2.2.1 United States

        2. 2.2.2.2 Canada

        3. 2.2.2.3 Mexico

      3. 2.2.3 Europe

        1. 2.2.3.1 Germany

        2. 2.2.3.2 United Kingdom

        3. 2.2.3.3 France

        4. 2.2.3.4 Italy

        5. 2.2.3.5 Rest of Europe

      4. 2.2.4 South America

        1. 2.2.4.1 Brazil

        2. 2.2.4.2 Argentina

        3. 2.2.4.3 Rest of South America

      5. 2.2.5 Middle-East and Africa

        1. 2.2.5.1 South Africa

        2. 2.2.5.2 Saudi Arabia

        3. 2.2.5.3 Rest of Middle-East and Africa

Expandable Graphite Market Size FAQs

The Expandable Graphite Market is projected to register a CAGR of 7.64% during the forecast period (2024-2029)

SGL Carbon , AMG Mining AG , Durrans Group , Nacional de Grafite and GrafTech International Ltd are the major companies operating in the Expandable Graphite Market.

Expandable Graphite Market Report Snapshots

Expandable Graphite Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)