Despite COVID-19 Pandemic Impact, Graphite Market is Projected to Reach 3.2 Million Tons Equated to $27 Billion by 2026 - Market Research Report (2019-2026) by Industry Experts, Inc.
Industry Experts, Inc. published a global market research report on Graphite. The new report entitled " Global Graphite Market – Types, Sub-Types and Applications " reveals that Asia-Pacific dominates the global volume consumption of Graphite, estimated at 1.58 million tons (translated to US$14 billion) in 2019, which is likely to register the fastest 2019-2026 CAGR of 4.6%. Graphite is a naturally-occurring form of crystalline carbon that is a native mineral element found in metamorphic and igneous rocks. This element can be termed a mineral of extremes, in that it is outstandingly soft, cleaves with the minimum of pressure and has a very low specific gravity. Graphite also has exceptional resistance to heat and is virtually inert in contact with almost any other material. Due to these extreme properties, this versatile element finds a wide range of applications in the metallurgical and electrical sectors, among others. The global outbreak of Covid-19 or the novel coron...