Carbon & Graphite: A Global Strategic Business Report
San Jose, California (Vocus) September 24, 2010
Worldwide demand for carbon and graphite slumped in 2008 and 2009, as a result of global economic crisis. The financial crisis adversely impacted iron & steel and automotive industries, the two major end-use applications of carbon and graphite, which in turn resulted in the plummeting of demand for carbon and graphite. The liquidity crunch forced several graphite producers to close or cut down their mining operations. Adding to the woes, regulatory changes in China and unfavorable weather conditions dented the demand for carbon and graphite. However, carbon and graphite market is likely to improve in ensuing years, though at a slow pace, with the expected recovery of the global economic situation and improving market conditions for iron & steel, and automobile industries.
The United States represents the largest market for carbon and graphite worldwide, as stated by the new market research report on Carbon & Graphite. The US market for carbon and graphite faced the burnt owing to the economic turmoil and dismal demand from major end-use industries. However, the market is expected to witness moderate recovery through 2010 and gain momentum from 2011 onwards. In terms of growth, Asia-Pacific represents the fastest growing regional market for carbon & graphite, driven by the Chinese and Indian markets. Factors such as substantial graphite resources, and low labor costs contribute to a steady market growth in China even during poor demand conditions. With a prominent position in trading, the country is expected to experience immense growth led mainly by overseas investment.
Driven by the rapid advances in technology, sound business operations and the ability to roll out cost-effective and quality products, the Indian graphite industry is creating waves in the global market. Increased capacity expansions and reduced costs of operations are boosting the revenue margins of Indian manufacturers, thus enabling them to score over their overseas peers. Competitive product prices and development of the steel sector are further enhancing the prospects of Indian graphite industry.
Carbon & Graphite Electrodes represents the fastest growing product groups in the global carbon & graphite market, while Other Carbon & Graphite Products constitutes the largest product group. Among the product segments in the Other Carbon & Graphite Products group, C&G Fibers represents the largest product segment.
Post recession, the carbon and graphite market is expected to register growth led by demand from a multitude of industrial sectors in advanced as well as developing economies. Increase in demand could be partly attributed to immense increase in carbon-based applications ranging from safer computers to outer space exploration. Increasing consumption by the end-use industries is likely to improve the prospects of carbon & graphite market. Graphite is consumed in large volumes for updating and modernizing iron and steel industries in North America as well as in the developing Asian economies. Further, graphite is being extensively used in transportation, replacing asbestos in brake pads and linings. Surging production of new vehicles and growing need for the replacement parts is expected to fuel consumption of graphite across the globe. On the other hand, developing Asian countries are likely to drive future growth of carbon & graphite market and likely to offset slower gains in developed regions. Driven by factors such as increased global activity, bolstered tire production levels and greater output of original equipment and aftermarket automotive components, Asian countries are likely to exhibit robust growth.
Major players profiled in the report include Cabot Corporation, Carbone Lorraine, Evonik Degussa GmbH, GrafTech International Ltd., HEG Ltd., Hexcel Corporation, Mitsubishi Rayon Co. Ltd., GRAFIL Inc., Morgan Crucible Company Plc, Morgan Industrial Carbon, Nippon Carbon Co Ltd., SGL Carbon, Showa Denko K.K, Showa Denko Carbon Inc., Superior Graphite Co., Toho Tenax Co. Ltd., Toho Tenax America Inc., Tokai Carbon Co. Ltd., Toray Industries Inc., and Zoltek Companies Inc.
The report titled “Carbon & Graphite: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of the carbon & graphite markets, impact of recession on the markets, current market trends, key growth drivers, recent product introductions, recent industry activity, and profiles of major/niche global as well as regional market participants. The report provides annual sales estimates and projections for Carbon & Graphite market for the following geographic markets - US, Canada, Japan, Europe, Asia-Pacific, Latin America, and Rest of World. Key segments and sub-segments analyzed include Carbon & Graphite Electrodes (Carbon Electrodes, and Graphite Electrodes), and Other Carbon & Graphite Products (C&G Automotive Brushes, C&G Industrial Brushes & Contacts, C&G Brush Plates, C&G Fibers, C&G Products for Electrical Uses, C&G Products for Mechanical Uses, C&G Products for Aerospace Uses, and C&G Products for Other Uses). Also, a seven-year (2000-2006) historic analysis is provided for additional perspective.
For more details about this comprehensive market research report, please visit – http://www.strategyr.com/Carbon_and_Graphite_Market_Report.asp
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world’s largest market research publishers. The company employs over 800 people worldwide and publishes more than 1200 full-scale research reports each year. Additionally, the company also offers thousands of smaller research products including company reports, market trend reports, and industry reports encompassing all major industries worldwide.
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