The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including the Isostatic Graphite Market.
It was estimated prior to this unanticipated outbreak that the Isostatic Graphite Market was expected to grow at Healthy CAGR by 2025. However, the gradual slowing down of industries will undoubtedly impose limits on the previously estimated growth rate.
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Isostatic graphite, also called as Cold Isostatic Pressing (CIP), is a carbon material owning unique physical properties. The name Isostatic Graphite is derived from the method of production. During the forming process the material is isostatically pressed with equal pressure from every side, therefore, the material shows typically an isotropic property behavior. It is an ultra-fine grain graphite best suited for those applications which require high mechanical properties. This differs from extruded graphite process which pushes through a die and has varying properties in different grain directions. It can be manufactured as blocks and rounds in various sizes as per your needs.
Isostatic graphite’s features include good machinability, strong thermal stability, low expansion ratio, good chemical resistance, and excellent electrical conductivity. It is used in many industries, such as Photovoltaic, semiconductor, nuclear, metal, and many more.
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Japanese companies own majority of the global isostatic graphite market and are expected to remain the leading companies in the near future as well. Most of the leading isostatic graphite manufacturers are continuously expanding their geographical footprint to tap the regional potential.
Asia-Pacific region is the major consumer of the isostatic graphites worldwide wherein China is the leading consumer and has been growing at a double digit CAGR during the last ten years. SGL, Mersen, and Toyo Tanso have set up manufacturing plants in China to serve the local market. Despite capacity expansion in China by local as well as international players, some portion of the demand is still met through import.
Asia-Pacific is expected to remain the dominant region in the global isostatic graphite market during the forecast period. Emerging Asian countries, such as China and India are fueling the growth in the Asia-Pacific region and are likely to do so over the next five years.
Key Players:
The key isostatic graphite manufactures are Baofeng Five-star Graphite, Datong Xincheng New Material, IBIDEN Co, GrafTech International Holdings Inc, Mersen Group, Nippon Graphite Industries, Co, SGL Carbon SE, Tokai Carbon Co, and Toyo Tanso. New product development, capacity expansion, and regional expansion are the key strategies adopted by the key players to gain competitive edge in the market.
Features of the Report
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.
The Isostatic Graphite Market analysis report discusses the following heads in great detail:
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