Lucintel Forecasts The Global Synthetic Graphite Market To Reach $3 Billion By 2028

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According to the recent study the global synthetic graphite market is projected to reach an estimated $3 billion by 2028 from $2 billion in 2023 at a CAGR of 3.8% from 2023 to 2028. Growth in this market is primarily driven by growing need for graphite in metallurgical applications, such as electrodes, refractories, bricks, and monolithic crucibles, and increasing usage of this graphite as an anode in the electric arc furnace (EAF) technology.
A more than 150–page report is developed to understand trends, opportunities and forecast in the global synthetic graphite market by product type (graphite anode, graphite block, and others), application (metallurgy, parts and components, batteries, nuclear, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World).
Download sample report by clicking on below link https://www.lucintel.com/synthetic-graphite-market.aspx.

“Graphite anode market is expected to remain the largest segment during the forecast period.”
Based on product type, the synthetic graphite market is segmented into graphite anode, graphite block, and others. ...
... Lucintel forecasts that the graphite anode market is expected to remain the largest segment due to the expanding usage of these anodes to deliver low irreversibility and resistance to the exfoliation process during the initial load/discharge phase.
“Within the synthetic graphite market, the metallurgy segment is expected to remain the largest application.”
Based on application the metallurgy segment is expected to witness the highest growth over the forecast period due to the considerable use of synthetic graphite in metallurgical operations, like melting unused iron inside an electric furnace, polishing ceramics, and creating compounds, like calcium carbide.
“Asia pacific will dominate the synthetic graphite market in near future.”
APAC will remain the largest region due to the enormous demand for graphite across a range of end use industries and presence of major graphite producers in the region.
Download Brochure of this report by clicking on https://www.lucintel.com/synthetic-graphite-market.aspx.
Major players of synthetic graphite market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. are among the major synthetic graphite providers.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/synthetic-graphite-market.aspx or helpdesk@lucintel.com.
About Lucintel
At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times. For further information, visit www.lucintel.com

Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. 972.636.5056
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