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(MoneyNewsWire.Net, July 17, 2018 ) Carbon and graphite product industry comprises establishments primarily engaged in manufacturing carbon, graphite, and metal-graphite brushes and brush stock; carbon or graphite electrodes for thermal and electrolytic uses, carbon and graphite fibers, and other carbon, graphite, and metal-graphite products.
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The market was valued at $53 billion in 2017, and it is expected to be driven by the demand from the automotive and energy sector, as they are highly used in making equipment for power generation and fuel alternatives. Asia Pacific was the largest geographic region in 2017, accounting for less than one-percent of the global market.
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China was the largest country in the carbon and graphite market in 2017, accounting for less than one-percent of the global market share, followed by India and Japan.
The top five companies are Cabot Corporation, Cytec Solvay Group, GrafTech International Ltd., HEG Ltd., and Hexcel Corporation. Cabot Corporation was the biggest player in the carbon and graphite products markets in 2017. The company operates in specialty chemicals and performance materials. It offers various grades and compounds of carbon which is used in high industrial usages, and consumer product manufacturing like water purifiers, pharmaceuticals etc. It markets and distributes its products across the globe. The company is based in Boston, Massachusetts.
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