Global & U.S. Graphite Coatings Market: Introduction
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Market Research delivers key insights on the global & U.S. graphite coatings market. In
terms of revenue, the global graphite coatings market is estimated to expand at
a CAGR of 7.5% during the forecast period, owing
to numerous factors, regarding which TMR offers thorough insights and forecasts
in its report on the global graphite coatings market.
The global
& U.S. graphite coatings market is broadly affected by several factors,
including increase in demand for graphite coatings in the automotive sector and
rise in usage of graphite coatings in the electronics sector. Thus, rise in
usage of graphite coatings in different sectors is propelling the global &
U.S. graphite coatings market. Graphite coatings are essential in environments
where there is a need to reduce reactivity and permeability of a part toward
oxygen, as it could lead to oxidation. This is anticipated to propel the demand
for graphite coatings in the automotive industry.
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Global & U.S. Graphite Coatings
Market: Dynamics
Graphite is
a mineral and a form of pure carbon. It is highly conductive; hence, it is
primarily used in making conductive materials. Graphite powder is used as a
highly effective conductive filler. Graphite coatings offer optimal resistance
at high temperatures and in highly corrosive environments. The heat losses are
minimalized, while thermal conduction is optimized. Graphite coatings are also
used for lubrication of metal, plastics, or rubber parts without using
grease.
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In terms of
end-use industry, the global & U.S. graphite coatings market has been
segmented into advanced batteries & transistors, automotive, solar cells,
displays, sensors, composites, metal coatings, and others. The automotive end
user segment is expected to dominate the global & U.S. graphite coatings
market during the forecast period. Graphite coatings are dominantly used in
automotive parts such as piston, gear, fasteners, and other engine components
in high temperature conditions. The automotive segment accounted for more than
30% share of the global graphite coatings market in 2019. The segment is
expected to expand at a CAGR of 4.5% in terms of
value between 2020 and 2030. Growth in digitization, urbanization, and
automation has led to an increase in the number of Internet users across the
globe. The use of smart TVs, tablets, smartphones, smart devices, and IoT
connected devices has also increased substantially. These factors are likely to
boost the demand for graphite coatings in the electronics industry.
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Global
& U.S. Graphite Coatings Market: Prominent Geography
The global
& U.S. graphite coatings market is expected to be expand at a significant
pace during the forecast period, owing to the presence of rapidly expanding
end-use industries and technological advancements. The graphite coatings market
in the U.S. is anticipated to expand at a CAGR of 7%
between 2020 and 2030. The U.S. Government’s step to encourage domestic
semiconductor manufacturing is likely to drive the graphite coatings market
during the forecast period. Graphite coating honeycomb structure, excellent
chemical properties, and high water contact angle are projected to drive its
demand in the automotive industry. Rise in sale of automotive in the U.S. is
expected to boost the demand for graphite coatings across the country. The
advanced batteries & transistors segment in the U.S. is anticipated to
expand at a CAGR of 18.3% between
2020 and 2030. The expansion of the segment can be ascribed to the rise in
production of batteries for use in electric vehicles.
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Global & U.S. Graphite Coatings
Market: Major Market Players
Prominent
players operating in global graphite coatings market are Final Advanced Materials, CONDAT Corporation, Elcora Advanced Materials
Corp., Mersen, Van Sickle Paint Mfg. Company, Whitford, Imerys Graphite &
Carbon, Asbury Carbons, and BECHEM. These players are adopting inorganic and
organic growth strategies such as joint ventures, mergers & acquisitions,
expansions, collaborations, new product launches, strategic alliances, and
research & development activities to increase their
regional presence and business operations.
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