Isotropic graphite is a high-density graphite that is moredurable than the conventional graphite. Conventional graphite is termed asanisotropic graphite. It has limited usage in various applications. Isotropicgraphite is employed in a large number of applications in many industries. Itis primarily used in solar cell and aerospace applications. It has significantusage in the electronics industry. Isotropic graphite is employed in themanufacturing process of polycrystalline silicon, white LEDs, etc. Isotropicgraphite is super fine grain graphite which provides high strength, excellentsurface finish, and holds resistance properties. Isotropic graphite has widerange of applications including high strength electrodes, large featured,molds, structural ribs.
Global Isotropic Graphite Market: Segmentation
The globalisotropic graphite market can be segmented based on application,end-use industry, and region. In terms of application, the isotropic graphitemarket can be divided into solar cell, industrial furnaces, and casting diesfor copper alloys. The solar cell segment accounted for major share of themarket in 2017 due to the high consumption of isotropic graphite in solarcells. In terms of end-use industry, the isotropic market can be segregatedinto semiconductor, solar power, metallurgical, and others. The solar powersegment held significant share of the market in 2017. Increase in governmentinitiatives to support the usage of solar power is fueling the isotropicgraphite market.
Global Isotropic Graphite Market: Trends & Developments
Isotropicgraphite denotes as a graphite material, which consists microparticles andholds isotropic structure & properties. It is mass-produced through coldisostatic pressing (CIP). Demand for isotropic graphite has been increasing dueto supportive government policies for usage of solar energy. Isotropic graphiteis widely employed in solar energy. This is driving the isotropic graphitemarket. Rise in demand for isotropic graphite as a flame retardant is alsoanticipated to boost the market. However, tightened supply of isotropicgraphite inhibits the market. Nevertheless, rapid expansion in the lithium ionbattery industry is estimated to create lucrative opportunities in theisotropic graphite market during the forecast period.
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Global Isotropic Graphite Market: Regional Outlook
Based onregion, the global isotropic graphite market can be split into North America,Europe, Asia Pacific, Middle East & Africa, and Latin America. Asia Pacificaccounted for the major hare of the global isotropic graphite market in 2017. Itis expected to be the fastest growing region during the forecast period. Rapidexpansion of end-user industries, including electronics and photovoltaic, inemerging economies such as China, India, Japan, and South Korea is augmentingthe isotropic graphite in Asia Pacific. China has one of the significantsemiconductor industries in the world. According to the Associated Chambers ofCommerce of India (ASSOCHAM), China is growing market due to the expansion inthe electronics manufacturing base in the country. Europe and North America aremature regions of the isotropic graphite market, led by the presence ofwell-established end-user industries and early adoption of solar power. Theisotropic graphite market in Middle East & Africa and Latin America is projectedto expand at a noticeable pace in the near future, due to the presence ofdeveloping economies in these regions.
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Global Isotropic Graphite Market: Key Players
Keyplayers operating in the global isotropic graphite market are Fangda Carbon NewMaterial Co. Ltd, GrafTech International, Ibiden Co. Ltd, Mersen SA, NipponCarbon Co. Ltd., Poco Graphite, Pingdingshan Kaiyuan Special Graphite Co. Ltd.,SGL Group, Tokai Carbon Co. Ltd, and Toyo Tanso Co. Ltd.
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