New report published by QY Research which offers insights on the global Graphite Fluoride market. The Graphite Fluoride market has been experiencing steady growth graph since past years. During the 2018-2024 timeline, the global market for Graphite Fluoride is expected to reflect a 1.2x increase in the revenue growth. In 2018 the global Graphite Fluoride market is valued at US$ 171.18 Mn and by the end of the assessment year (2024), it is estimated to touch a value more than US$ 203.59 Mn growing at a value CAGR of 5.13% throughout the period of forecast.
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Global Graphite Fluoride Market: Market Driver and Restraint
Applications of Graphite Fluoride are anticipated to create new business segments in the market. Graphite Fluoride is in use for a broad range of Lubricating Oil Additive. The companies are focusing on launching products that are launched in few regions. There lies a great opportunity since only a few companies are into this business due to introductory stage of this product market. Graphite Fluoride is used as a high energy density cathode material in lithium batteries of the "BR" type. Other uses are a ware reduction additive for lubricants, and weather-resistant additive for paints. Graphite fluoride is also used as both oxidizing agent and combustion modifier in rocket propellants and pyrolants.
Manufacturers are exploring the potential of Graphite Fluoride in Lithium-Ion Batteries Material. In recent years, the application of graphite fluoride in lithium ion batteries has attracted more and more attention. Further, there are also potential uses in the areas of Aerospace field.
Global Graphite Fluoride Market: Key Takeaways
· The key differentiation strategy is to broaden distribution channel, such as independent sports outlet, franchised sports outlet, modern trade channel, direct to customer institutional channel, direct to customer online channel, third party online channel, etc.
· In terms of form, the demand for Lubricating Oil Additive is the highest, followed by Micron Grade Graphite Fluoride, attributed to its usage in Lubricating Oil products as an additive
· One of the major challenges for the Graphite Fluoride market is the changes in downstream consumer demand. Other challenges are price volatility risk, rising demand for product quality and keen international competition.
Global Graphite Fluoride Market: Forecast by Application
Application segment consists of Lubricating Oil Additive, Lithium-Ion Batteries Material, Nuclear Reactor Neutron Moderator, and others. Among Lubricating Oil Additive industry segment, Graphite Fluoride finds applications estimated to account for a consumption share of over 34.74% in 2018. The Lithium-Ion Batteries Material segment is expected to increase at a CAGR of 3.26% over the forecast period.
Global Graphite Fluoride Market: Forecast by Form
This segment includes Lubricating Oil Additive and Micron Grade Graphite Fluoride. In terms of volume, Lubricating Oil Additive segment is expected to remain dominant in the global Graphite Fluoride market. Lubricating Oil Additive segment in the global Graphite Fluoride market is expected to create absolute $ opportunity of US$ 31.81 Mn between 2018 and 2024.
Global Graphite Fluoride Market: Forecast by Region
Japan, USA, China are the three regions that are included in this report. Japan is the dominant market in the global Graphite Fluoride market in terms of value. The Japan Graphite Fluoride market is estimated to be valued at US$ 100.57 Mn in 2018 and is expected to expand at a value CAGR of 4.77% over the forecast period. The USA market is expected to expand at a robust rate of 6.32% in terms of revenue over the forecast period due to the steadily increasing consumption in this region.
Global Graphite Fluoride Market: Key Players
Daikin Industries, Central Glass, Hubei Zhuoxi Fluorochemical, Zhongshan Photoelectric Materials, Nanjing XFNANO Materials and ACS MATERIAL are the key vendors included in this report.
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