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(MoneyNewsWire.Net, July 27, 2018 ) Graphite mining includes mining of graphite and its compounds that are used in refractory materials, chemical industries, nuclear industries, electrical applications, and mechanical applications. Graphite is one of three forms of crystalline carbon; the other two are diamond and fullerenes. Graphite occurs naturally in metamorphic rocks such as marble, schist, and gneiss.
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The global graphite market was valued at $2 billion in 2017, and is expected to be driven by the advancement in applications of graphite in solar power systems and automotive and aerospace industries. Asia Pacific was the largest geographic region in the market in 2017, accounting for nearly two-fifths of the market share.
The graphite market in The Business Research Company’s report is split into two segments: natural graphite and synthetic graphite.
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The USA was the largest country in the graphite market in 2017, accounting for one-fifth of the market share.
The top five competitors in the market are Graphite India Limited, Mason Graphite, SGL Carbon SE, GrafTech International Holdings Inc., and Triton Minerals Ltd. Graphite India limited was the largest player in 2017, with revenue exceeding $210 million. It manufactures and sells carbon and graphite specialty products like graphite electrodes, in India and internationally. It operates through three segments: graphite and carbon, glass reinforced plastic pipes, and others. It is headquartered in Kolkata, India.
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