Pune 24 April 2023: According to the report, the Graphite Recycling Market to grow from USD 75.3 Mn in 2022 to USD 144.9 Mn by 2029 at a CAGR of 9.8 percent over the forecast period. The Market report is published by Maximize Market Research and is available in the market.
Graphite Recycling Market Report Scope and Research Methodology
The report provides the Graphite Recycling market share and rival sector, as well as an analysis of the major vendors and leading regions. The Graphite Recycling report provides a thorough analysis of the market and contains meaningful insights, facts, historical data, and statistically supported and industry-validated market statistics. The report offers the Graphite Recycling market’s present size, growth rates, and company profiles of the top players and producers. The bottom-up approach was used to estimate the Graphite Recycling market size. The Graphite Recycling market revenue is determined by the primary and secondary data collection methods.
The report covers the analysis of applications, economic factors, and geographic divisions in addition to a complete investigation of important market characteristics. A thorough analysis of the regional environment is included, along with information on the potential, important growth indicators, geographical challenges, and threats facing the Graphite Recycling market. The segment-wise analysis is divided into Source, Form and Application. The following details are provided: a description of the company, its primary operations, total earnings and sales, revenue generated in the Graphite Recycling market, the entry date into the Graphite Recycling market, recent developments, and other details.
Graphite Recycling Market Dynamics
With increasing concerns regarding the sustainability of the environment, there is an increasing demand for sustainable manufacturing practices in several industries including electronics, automotive and aerospace. The increasing use of recycled graphite in industries helps to reduce the environmental impact. As a result, the increasing demand for sustainable manufacturing practices drives Graphite Recycling Market.
The market is driven by the increasing sales of electric vehicles where recycled graphite is largely used as a positive anode material in batteries of electric vehicles and increasing demand for consumer goods has led to the transportation sector where recycled graphite is used as a dry lubricant in transport vehicles.
Over the forecast period, market growth is expected to be hampered by the lack of infrastructure for graphite recycling.
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Graphite Recycling Market Regional Insights
In 2022, North America dominated the Graphite Recycling Market with a 38 percent market share and is expected to maintain its dominance over the forecast period. The regional market is driven by the increasing demand for graphite electrodes from the aluminum and steel industries and the increase in demand for recycled graphite from applications such as lubrication, anti-seize agents, metal casting, anode material for batteries, and others.
Europe is expected to have significant growth in the Graphite Recycling industry, during the forecast period. The implementation of several regulations and directives to promote sustainable practices and increasing demand for graphite electrodes from the steel and aluminum industries in Germany are the influencing factors for the regional growth of the market.
Graphite Recycling Market Segmentation
By Source
By Form
By Application
Graphite Recycling Market Key Players include:
Table of for Global Graphite Recycling Market:
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Key Offerings:
Key questions answered in the Graphite Recycling Market are:
Maximize Market Research Material & Chemical research firm, has also published the following reports:
Graphite Electrodes Market: The market size is expected to reach USD 9.60 Bn by 2029 at a CAGR of 5.2 percent during the forecast period. The market is driven by the rise in industrialization with modern infrastructures and increasing demand for engineering and construction materials with the surge in the production of steel and iron.
Lithium-Ion Battery Recycling Market: The market size is expected to reach USD 19.00 Bn by 2029 at a CAGR of 19.40 percent during the forecast period. The market is driven by the development of Li-ion battery and their adoption in vast industry verticals and stringent government regulations and policies to promote and encourage the recycling and reuse of Li-ion batteries.
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