Global Special Graphite Market: Market Driver and Restraint
Special graphite mainly refers to the high-intensity, high-density, high purity graphite products, has very important applications in many areas such as electronics, aerospace, defense, nuclear power, metallurgy and others.
In the world, the consumption areas of special graphite are mainly China, Germany, USA, Korea and Japan. China is the largest consumption in the world, which occupied about 60% in 2017. From 2012 to 2017, the average consumption growth rate of Special Graphite has more than 10.9%. In 2012-2014, the highly developed PV industry has led to the development of this industry. In 2014-2016, the global PV industry showed a trend of shrinking, which led directly to the decline in demand for special graphite. Since 2017, the special graphite industry has shown a clear recovery trend.
Global Special Graphite Market: Key Takeaways
Despite the presence of competition problems, due to the global recovery trend is clear, investors are still optimistic about this area. In the future, the market in developed countries will have some growth and the market in developing countries will have a faster growth rate. In the globe, emerging economies countries support photovoltaic industry and semiconductor industry, it will lead the increase of special graphite demand.
Global Special Graphite Market: Forecast by Application
Special graphite is mainly used in the photovoltaic industry and the semiconductor industry, which account for more than 75% of the consumption share. Applications in the photovoltaic industry: solar wafer, growing silicon crystals and polysilicon production. A great many of ultra-purity graphite and SiC coated high purity graphite susceptors are required during the late stage of the semiconductor production process. This graphite has the features of high in the temperature resistant and the strength as well as good in the thermal conduction.
Global Special Graphite Market: Forecast by Form
Isotropic graphite occupies 80% of the market share of special graphite. Isotropic graphite is a kind of graphite material that crystals are disorderly arranged while having an isotropic structure. Isotropic graphite is a ultra-fine grain graphite used for applications where the mechanical properties of other fine grain graphite are inadequate. Its name is derived from the method of production: During the forming process the material is isostatically pressed i.e. with equal pressure from every side. Therefore the material shows typically an isotropic property behavior.
Global Special Graphite Market: Forecast by Region
From 2006 to 2014, the rapid rise of the global PV industry quickly broke the original supply and demand equilibrium of the isostatic graphite market and made the supply become increasingly tight. In this context, isostatic graphite giants in America, Japan, Europe or other countries and regions started investing heavily to expand their production capacity, easing the shortage of market supply. China has been a hot investment spot for isostatic graphite sector and the most important consumer market of isostatic graphite in the world. In recent years, with the rapid development of Chinese photovoltaic industry, China's isostatic graphite demand is increasing year after year.
Toyo Tanso, SGL Group, Tokai Carbon, Mersen and IBIDEN are the world's top five well-known manufacturers. Toyo Tanso is the world's largest Special Graphite manufacturer. Many Chinese companies have entered the industry since 2010, which greatly exacerbated the industry's competitive trend. In this case, Tokai Carbon reduced production capacity by 45% in 2016 as part of the business reconstruction (from 11,000 to 6,000 tons).
At the same time, due to the weak technical capability of domestic Chinese isostatic graphite enterprises and the technical blockage put up by foreign enterprises, the output and quality of isostatic graphite manufactured by Chinese companies have not been improved much. At present, the new Chinese entrants into isostatic graphite sector generally lack of technical reserves and have unreasonable product structure and other problems, and these problems are hard to be addressed in the short term. Toyo Tanso, SGL Group, Tokai Carbon, Merse and other companies dominate the Chinese market.
Global Special Graphite Market: Key Players
Toyo Tanso, SGL Group, Tokai Carbon, Mersen, IBIDEN, Entegris, Nippon Carbon, SEC Carbon, GrafTech, Morgan, Schunk, Fangda Carbon, Datong XinCheng, Sinosteel, Henan Tianli, are the key vendors included in this report.
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