In FY2021, estimated market value of graphite coatings is at US$ 660 Mn, which is anticipated to swell 1.8X by FY2031. The graphite coatings market observed declined growth in 2020 with global revenue down 8% year-over-year.
Recently published graphite coatings business analysis by Fact.MR, a market research and competitive intelligence provider, showcases the image of strong market growth for graphite coatings on the back of rapid developments in the coatings and automotive industry.
Over the past-half decade, the automotive industry observed billions of dollars in investments to meet upcoming standards set by regulatory bodies across the globe. This not only enhances the integration of graphite coatings but also enhances the trade stability of the product.
Key Points Covered in Graphite Coatings Industry Survey:
- Market Estimates and Forecasts (2016-2031)
- Key Drivers and Restraints Shaping Market Growth
- Segment-wise, Country-wise, and Region-wise Analysis
- Competition Mapping and Benchmarking
- Certifications and Compliance Requirements
- Market Share Analysis
- Assessment by Product Grade / Purity / Formulation Standards
- COVID-19 Impact on Sales of Graphite Coatings and How to Navigate
- Recommendation on Key Winning Strategies
Know More Details About the Report
Consumption Analysis of Graphite Coatings from 2016 to 2020 Compared to Demand Outlook for 2021 to 2031
Over the past-half decade, graphite coatings took a major leap in the market owing to exquisite properties such as high temperature-resistant and better lubrication compared to conventionally available coatings. This provided market growth at 5.6% CAGR over the same period
Surging demand for nanomaterials due to their advantages in coating applications used for protecting materials is one of the major parameters propelling demand for graphite coatings.
- In FY2020, graphite coating sales accounted for US$ 617.4 Mn, and are anticipated to increase at 6.1% CAGR over the long-run forecast period.
- Automotive end-use industry to dominate growth rate during the forecast period.
- Tier-1 producers of graphite coatings captured more than 1/5 market share in 2020.
- Shutdown of automotive production put the brakes on the rapidly growing market of graphite coatings in Q2 and Q3 of FY2020. Gradual recovery of the automotive industry will pave the way for graphite coatings business growth reclamation by Q4 of FY2021.
What are the Key Opportunities for Graphite Coating Manufacturers?
The automotive industry has been a key contributor to growing demand for graphite coatings. This is due to the fact that numerous material-handling operations and material-utilization practices are associated with the automobile sector. So there is always high demand of graphite coatings for preventing metal bodies from rust and corrosion.
More than 34% demand for graphite coatings was generated from the automobile sector in 2020, and expanding industrialization across the globe will provide a positive outlook for the forecast period.
Avail customized purchase options for your needs
What are the Primary Reasons for Strong Demand for Graphite Coatings?
Due to the chemical properties and honeycomb structure of graphite, there is a considerably low risk of water evaporation at the surface and formation of water spots. This is an important factor that is expected to have a strong impact on the demand for graphite coatings in manufacturing industries.
Graphite coatings offer sufficient resistance at high temperatures and in highly corrosive environments. Moreover, utilization of graphite coatings also addresses heat loss challenges in machinery.
These coatings are also being consumed for lubrication purposes in metal, plastics, or rubber parts without using grease, and this increases the lifespan of machinery.
Various end-use industries such as automotive industries, energy, and others have numerous applications of graphite coatings, because of their thermal and electrical conductivity properties.
Additionally, graphite coatings are progressively being utilized in a variety of applications such as injection moulding, metal powder sintering, brazing, metal coating, welding, and others.
Which Region Offers the Largest Opportunity for Sales of Graphite Coatings?
With an absolute dollar opportunity of around US$ 20 Mn, North America is expected to be one of the most lucrative markets for graphite coating manufacturers. North America, specifically the U.S., accounted for the highest demand for graphite coatings due to the presence of a large number of automobile companies, industrial plants, and manufacturing units.
In addition, demand for ceramic coatings in the U.S. has seen momentous growth during the historical period. Graphite coatings are most likely to supplement ceramic coatings over the coming years due to their rising consumption in different end-use industries such as automotive, metal coatings & others.
Improved functional parameters of graphite coatings and increasing consumers complaints related to water spots linked with ceramic coatings have played an imperative role in surging market growth.
An Adaptive Approach to Modern-day Research Needs
Why is the U.S. an Important Market for Graphite Coatings?
The U.S. remains the foremost contributor to the growth of graphite coating sales. Demand for graphite coatings in the U.S. is anticipated to witness 5.7% CAGR through 2031. The U.S has the presence of prominent automobile companies, which creates plentiful opportunity for graphite coating manufacturers.
Corrosion is the key factor that generates demand for graphite coatings in automobile industries. Addressing this challenge is the need of the hour, since graphite coatings are most likely to repel water droplets due to their structure.
What Makes China a Lucrative Market for Manufacturers?
China’s automotive market is also a lucrative avenue for manufactures in Asia Pacific, since the government has expected automobile output to reach 30 Mn units by 2021 and 35 Mn units by the end of 2025. This will lead to abundant opportunities to manufacturers of graphite coatings.
China is a prominent automobile market not only in Asia Pacific but also in the world. The Chinese government is continuously focusing on expanding its automotive market through incentives since the past few years. The country is likely to provide a promising stance to manufactures to invest in the next couple of years.
In addition to this, rising trend of smartphones, LED TVs, and larger displays will lead more consumption of graphite coatings over the coming years.
How Has Graphite Coating Demand Been Shaping across Established & Emerging Markets?
Germany: The country is gradually adopting electric vehicles through its policies to reduce dependency on fuel. This not only paves the way for automobile market growth in the country but also clears the path for the graphite coatings business.
Japan: Japan is one of the key exporters of automotive. Key manufacturers in such as Nissan, Toyota, and others have adopted graphite coatings that ensure surface protection. Over the long-run, it is estimated that graphite coating demand will increase at a rapid pace even from other industries such as fasteners and industrial.
Which End-use Industry Accounts for Highest Demand for Graphite Coatings?
Energy, automotive, and electrical & electronics collectively account for prominent demand for graphite coatings. These segments collectively account for more than 45% of consumption of graphite coatings across the globe.
Graphite coatings are progressively being utilized in a variety of applications, including metal powder sintering, injection moulding, and metal casting, brazing, and welding in automotive industries. Moreover increasing consumption of lithium-ion batteries is anticipated to surge demand for these coatings.
The automotive industry has been a key contributor to growing demand for graphite coatings. This industry has witnessed noteworthy share of 34% in the past few years, since a lot of material handling operations and materials utilization is associated with automobile industries. As such, there will be always high demand for coatings from manufacturing industries for preventing metal bodies from rust and corrosion.
How Has COVID-19 Impacted the Sales of Graphite Coatings?
Natural disasters and pandemics such as COVID-19 are unforeseen, and have affected all economies across the globe. Demand constrained by 8-9% in Q2 and Q3 of 2020.
COVID-19 also resulted in impacting demand for graphite coatings, backed by the imposition of lockdowns and demand drop from automotive industries, display manufacturers and solar cell producers which happen to be the prime consumers of graphite coatings.
Moreover, decreased demand and fluctuating industrial output have negatively impacted the market, which is extremely fragmented in nature. In addition to this, industrial demand will rekindle its previous size by the third quarter of 2021, and so it will surge the demand of graphite coatings during the forecast period.
Although, the automotive sector is more likely to provide a lot of prospects to key players in the global graphite coatings market, the aerospace industry is also set to create the demand from end-use industry by 2023.
Have a report related query? Speak to us directly
Majority companies discussed in the report have focused on acquisitions, expansion, investments, and portfolio expansion. Ratings of companies are on the basis of market share, market reach, clientele, etc.
Some of the key developments are:
- In December 2020, ZEN Graphene Solutions reported that the organization is set to go through a corporate reorganization – a move that is probably going to improve its product portfolio advancement and R&D.
- In August 2018, Asbury Carbons declared the acquisition of Process Engineering Corporation (PEC).
Similarly, recent developments related to companies manufacturing graphite coatings have been tracked by the team at Fact.MR, which are available in the full report.
Graphite Coatings Market Report Scope
Historical Data Available for
|Tons for Volume and US$ Mn for Value|
Key Regions Covered
Key Countries Covered
Key Market Segments Covered
Key Companies Profiled
Available upon Request
Market Segments Covered in Graphite Coatings Industry Analysis
- Dry Lubrication
- Anti-seize Agents
- Release Agents
- Others (including thermal conductive agents and anti-corrosion agents)
By End-use Industry
- Graphite Coatings for Energy
- Graphite Coatings for Automotive
- Graphite Coatings for Machinery
- Graphite Coatings for Electrical and Electronics
- Graphite Coatings for Textiles
- Graphite Coatings for Medical
Graphite Coatings Market- Scope of Report
A recent study by Fact.MR on the graphite coatings market offers a 10-year forecast for 2021 to 2031. The study analyzes crucial trends that are currently determining the growth of the market. This report explicates on vital dynamics, such as the drivers, restraints, and opportunities for key market players along with key stakeholders as well as emerging players associated with the development of graphite coatings.
The study also provides the dynamics that are responsible for influencing the future status of the market over the forecast period. A detailed assessment of value chain analysis, business execution, cost structure analysis, and supply chain analysis across regional markets has been covered in the report.
A list of prominent companies manufacturing graphite coatings, along with their product portfolios, key strategies, SWOT Analysis, enhances the reliability of this comprehensive research study.
The study offers comprehensive analysis on diverse features, including revenue growth, product enhancements, and revenue generation from graphite coatings across the globe.
A comprehensive estimate on the market has been provided through an optimistic scenario as well as a conservative scenario, taking into account the revenue through of graphite coatings during the forecast period.
Analysis on Market Size Evaluation
The market has been analyzed for each market segment in terms of volume (Kilo Tons) and value (US$ Mn).
Market estimates at global and regional levels for graphite coatings are available in terms of “US$ Mn”. A Y-o-Y growth contrast on prominent market segments, along with market attractiveness evaluation, has been incorporated in the report. Furthermore, absolute dollar opportunity analysis of all the segments adds prominence to the report. Absolute dollar opportunity plays a crucial role in assessing the level of opportunity that a company can look to achieve, along with identifying potential resources, considering the revenue perspective in the global graphite coatings market.
Inspected Assessment on Regional Segments
Key sections have been elaborated in the report, which have helped deliver projections on regional markets. These chapters include market forces analysis, which is expected to have a momentous influence on the growth of the graphite coatings market during the forecast period.
Country-specific valuation on revenue for graphite coatings has been offered for each regional market, along with market scope estimates and forecasts, and impact analysis of the dynamics of prominence in regions and countries. For all regional markets, Y-o-Y growth estimates have also been incorporated in the report.
Detailed breakup in terms of value for key countries has also been included in the report.
In-depth Analysis on Competition
The report sheds light on leading providers of graphite coatings, along with their detailed profiles. Essential and up-to-date data related to market performers who are principally engaged in the graphite coatings has been brought with the help of a detailed dashboard view. Market share analysis and comparison of prominent players provided in the report permits report readers to take preemptive steps in advancing their businesses.
Company profiles have been included in the report, which include essentials such as product portfolios and key strategies, along with all-inclusive SWOT analysis on each player. Company presence is mapped and presented through a matrix for all the prominent players, thus providing readers with actionable insights, which helps in thoughtfully presenting the market status, and predicting the competition level in the graphite coatings market.
- FAQs -
In FY2020, the global graphite coatings market was valuated at US$ 617 Mn.
Sales of graphite coatings are projected to increase at a CAGR of over 6% during 2021 – 2031.
Value sales of graphite coatings increased at a CAGR of 5.6% during 2016 – 2020.
Dry lubrication required for heavy machinery is a key trend shaping market growth.
Growing demand for lithium-ion (li-ion) batteries has led high demand for graphite-coated anodes, which, in turn, is driving the sales of graphite coatings.
Top 5 manufacturers of graphite coatings account for more than 20% share in the market.
Top 5 countries driving demand for graphite coatings are the U.S., Canada, France, Germany, and China.
North America accounted for over 1/4 of global graphite coatings sales in 2020.
The European market for graphite coatings is projected to expand at a CAGR of more than 3% during 2021 – 2031.
The United States, Canada, Brazil, Russia, India and China are key producers of graphite coatings.
The market in South Korea and Japan is set expand at over 6% CAGR, with both countries accounting for more than 30% share in the Asia Pacific market.
Need an Exclusive Report for your Unique Requirement?
- Our Clients -
- Evaluate How Fact.MR's Report Can Help. -
Is the market research conducted by Fact.MR?
Yes, the report has been compiled by expert analysts of Fact.MR, through a combination of primary and secondary research. To know more about how the research was conducted, you can speak to a research analyst.
What research methodology is followed by Fact.MR?
Fact.MR follows a methodology that encompasses the demand-side assessment of the market, and triangulates the same through a supply-side analysis. This methodology is based on the use of standard market structure, methods, and definitions.
What are the sources of secondary research?
Fact.MR conducts extensive secondary research through proprietary databases, paid databases, and information available in the public domain. We refer to industry associations, company press releases, annual reports, investor presentations, and research papers. More information about desk research is available upon request.
Who are the respondents for primary research?
Fact.MR speaks to stakeholders across the spectrum, including C-level executives, distributors, product manufacturers, and industry experts. For a full list of primary respondents, please reach out to us.
Is a sample of this report available for evaluation?
Yes, you can request a sample, and it will be sent to you through an email.