Chemanalyst29 Jun, 2022Business
Graphite is a naturally occurring allotrope of Carbon element which comes in soft hexagonal crystalline form. Its market has shown considerable growth in the historic years and its demand has reached 2,892 thousand tonnes in 2021 with a healthy CAGR of 5.24%. In terms of Value, the market value is USD 29.04 billion in 2022 from USD 16.04 billion in 2017. This is attributed to the rising consumption of Graphite in the number of end user industries such as Electronics, Metallurgy, Automotive & Various Other sectors.
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