Graphite Recycling Market By Source (Lithium-ion Batteries, Electrodes, Motor Brushes and Crucibles, Others), By Form (Solid Chunks, Powders), By Application (Metal Casting, Batteries, Lubricants, Nuclear Reactors, Others): Global Opportunity Analysis and Industry Forecast, 2021-2031
The global graphite recycling market was valued at $45.3 million in 2021, and is projected to reach $110.2 million by 2031, growing at a CAGR of 9.3% from 2022 to 2031.
Graphite recycling is a process of recovering graphite from sources such as such as lithium-ion batteries, electrodes, motors & crucibles, lubricants, foundry facings, arc lamps, core of nuclear reactors, and others. The recycled graphite is then refined, purified, and separated from the source and then used based on the purity of the graphite recovered.
The explosive growth of spent-lithium-ion batteries among various end use sectors has made graphite recycling more appealing and environmentally significant owing to the fact that graphite can be easily recovered from spent-lithium-ion-batteries. Furthermore, lithium-ion batteries contain solid carbon (spent graphite) in crystalline form that is easy to extract as compared to other battery types. All these factors have attracted recycled graphite producers towards using lithium-ion batteries for graphite extraction purposes; thus, fueling the market growth. Furthermore, faster economic growth coupled with rise in awareness for using eco-friendly modes to commute has surged the popularity of battery-operated electric vehicles where graphite electrodes are widely used. This may further ease the availability of spent graphite from electrodes for graphite recycling purposes; thus, attracting graphite recycling manufacturers to come up and invest in the graphite recycling market.
However, high technological and investment cost may hamper the growth of the market. In addition, the recycling of graphite requires highly sophisticated equipment. Moreover, the isolated chambers used during graphitization process are much costlier. This restrains the manufacturers with low investment potential to enter into the graphite recycling market.
On the contrary, increase in population coupled with rapid urbanization have surged the demand for both residential and commercial facilities where a wide range of construction metals are used for building support purposes. This has led the metal fabrication sector to witness a significant demand wherein recycled graphite is used along with refractory materials for thermal resistance purposes. This factor may rise the demand for graphite recycling for metal casting application. Furthermore, the increase in building & construction activities based on modern theme architecture has surged the potential application of various steel and iron structures for use in both interior and exterior of the buildings and structures. All these factors are anticipated to create lucrative opportunities for the graphite recycling market during the forecast period.
The graphite recycling market is segmented into source, form, application, and region. On the basis of source, the market is categorized into lithium-ion batteries, electrodes, motor brushes and crucibles, and others. On the basis of form, the market is bifurcated into solid chunks and powders. On the basis of application, it is divided into metal casting, batteries, lubricants, nuclear reactors, and others. On the basis of region, the market is studied across North America, Europe, Asia-Pacific, and LAMEA.
The global graphite recycling market profiles leading players that include Architonic, Ascend Elements, Inc., Coidan Graphite, Duesenfeld, Elemental Recycling, Graphite Sales, Inc., Lab4 Inc., Semco Carbon, Weaver Industries, and Inc., X-BATT. The global graphite recycling market report provides in-depth competitive analysis as well as profiles of these major players.
Key Benefits For Stakeholders
This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the graphite recycling market analysis from 2021 to 2031 to identify the prevailing graphite recycling market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the graphite recycling market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global graphite recycling market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Source
Lithium-ion Batteries
Electrodes
Motor Brushes and Crucibles
Others
By Form
Solid Chunks
Powders
By Application
Metal Casting
Batteries
Lubricants
Nuclear Reactors
Others
By Region
North America
U.S.
Canada
Mexico
Europe
Germany
UK
France
Spain
Italy
Rest of Europe
Asia-Pacific
China
India
Japan
South Korea
Australia
Rest of Asia-Pacific
LAMEA
Brazil
Saudi Arabia
South Africa
Rest of LAMEA
Key Market Players
Graphite Sales, Inc.
ECOGRAF
Duesenfeld
Coidan Graphite
Architonic
Ascend Elements, Inc.
Weaver Industries, Inc.
Elemental Recycling
Lab4 Inc.
Semco Carbon
X-BATT
Graphite One Inc.
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