Global Spherical Graphite Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Spherical Graphite Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Spherical graphite is made of high-quality and high-carbon natural flake graphite, and the graphite surface is modified by advanced processing technology, resulting in graphite products with different purity and oval shape.

Spherical graphite material has good conductivity and high crystallinity, which is an important part of anode material for lithium-ion battery. It has good conductivity and chemical stability, and high charge and discharge capacity.

Market Overview:

The latest research study on the global Spherical Graphite market finds that the global Spherical Graphite market reached a value of USD 754.02 million in 2022. It’s expected that the market will achieve USD 1687.54 million by 2028, exhibiting a CAGR of 14.37% during the forecast period.

Spherical graphite has superior properties and various uses

In recent years, due to the superior properties of spherical graphite, spherical graphite electrodes, spherical graphite molds and other spherical graphite products have been widely used. Spherical graphite products have good adsorb ability. The void structure of carbon makes carbon have good adsorb ability, so carbon is often used as an adsorption material for absorbing water, odor, toxic substances and so on. Spherical graphite products have excellent thermal conductivity. In addition, spherical graphite products have chemical stability and corrosion resistance. Spherical graphite has good chemical stability at room temperature and is not affected by any strong acid, alkali, or organic solvent. Therefore, as long as the new products are wiped clean, the spherical graphite products will rarely be used for a long time. Similarly, spherical graphite products have strong antioxidant and reducing effects. Spherical graphite has good properties, which makes it widely used and has a good development prospect.

Potential competitors

Spherical graphite is widely used in the anode of lithium battery. When the battery is charged, lithium ions in lithium battery move from cathode to anode and then return to discharge state. In order to improve the energy density continuously, the market needs a cathode containing more lithium and an anode capable of absorbing more lithium. The energy storage capacity of silicon is ten times stronger than that of graphite. Korea Institute of Science and Technology (KIST) has successfully developed silicon-based anode materials to replace graphite materials commonly used in electric vehicle power batteries. The silicon-based anode can greatly improve the performance of power battery. However, silicon has not been widely used in the market because of its poor stability. When the development technology of silicon anode is more mature, it will have an impact on the usage of spherical graphite in lithium battery

Region Overview:

In global comparison, a significant portion of the revenue was generated in Asia-Pacific (91.83% in 2021).

Company Overview:

BTR Graphite Industrial Park is one of the major players operating in the Spherical Graphite market, holding a share of 10.31% in 2022.

BTR Graphite Industrial Park

BTR Graphite Industrial Park was established in June 2010, with 150 employees. It is a wholly-owned subsidiary of Shenzhen BTR New Energy Materials Co., Ltd. The company is located in Mashan Graphite Industrial Park, Jixi City, Heilongjiang Province, and is mainly engaged in graphite products manufacturing, related technology promotion and services (including graphite deep processing research and development services, testing and inspection services, mineral processing technology services, mining technology services, marketing, quality.

Qingdao Haida Graphite

Qingdao Haida Graphite covers an area of 160,000 square meters, with more than 300 employees, including more than 80 senior and middle-level technicians of various types, forming an elite team that gathers outstanding talents in production, management, sales and service; it is an important production base of large-scale natural flake graphite and one of the best quality natural flake graphite production enterprises.

Segmentation Overview:

Among different product types, ≥99.95% segment is anticipated to contribute the largest market share in 2027.

Application Overview:

The market's largest segment by application is the segment Consumer Batteries, with a market share of 59.7% in 2021.

Consumer Batteries

Consumer batteries are generally used to power smaller portable electronics like laptops, cell phones, power tools, remote controls, video game systems, and all other devices that require energy without a cord. The types of consumer batteries available are as diverse as their applications and uses.

Automotive Batteries

An automotive battery or car battery is a rechargeable battery that is used to start a motor vehicle. Its main purpose is to provide an electric current to the electric-powered starting motor, which in turn starts the chemically-powered internal combustion engine that actually propels the vehicle. Once the engine is running, power for the car's electrical systems is still supplied by the battery, with the alternator charging the battery as demands increase or decrease.

Energy Storage Batteries

Energy storage batteries mainly refer to batteries used for solar power generation equipment, wind power generation equipment and renewable energy to save energy. The common energy storage battery is lead-acid battery, and lithium-ion energy storage batteries with lithium iron phosphate as cathode material are gradually being used.

Key Companies in the global Spherical Graphite market covered in Chapter 3:

Qingdao Black Dragon Graphite Group
Qingdao Xinghe Graphite Co., Ltd
Qingdao Taihelong
Qingdao Haida Graphite
Qingdao Yanxin Graphite
Qingdao Guangxing
BTR Graphite Industrial Park
Yingkou Botian Material
Qingdao Santong Graphite
Aoyu Graphite Group
Qingdao GR-Taida Carbon Co., Ltd

In Chapter 4 and Chapter 14.2, on the basis of types, the Spherical Graphite market from 2018 to 2029 is primarily split into:

≥99.95%<99.95%

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Spherical Graphite market from 2018 to 2029 covers:

Consumer Batteries
Automotive Batteries
Energy Storage Batteries

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)