Steel Consumption Climbs to 2.2 Billion Metric Tons by 2018, Global Market for Carbon and Graphite to Exceed $9.1 Billion
FARMINGTON, Conn., Dec. 4, 2012 /PRNewswire-iReach/ -- Carbon and graphite market prospects are heavily tied to the end-use industries, including aluminum and steel. Primary aluminum represents a major end-use industry for carbon and graphite products. Aluminum demand has been increasing at a healthy pace over the past few years. The increasing per capita steel consumption in China and India are primarily accelerating the worldwide steel consumption. The healthy growth in aluminum and steel end-use industries is expected to increase the consumption of carbon and graphite products, in turn improving market prospects.
Graphite finds myriad traditional applications in brushes, automotive parts, and lubricants. In near future, the market is predicted to witness renewed demand from several industries in both developing and developed countries. The vigorous demand could arise on account of significant growth in carbon-based applications including space exploration and computers. Graphite consumption is growing in North America and in developing Asian countries on account of modernization and technological improvements in iron & steel and automotive industries. The Asian markets are expected to emerge as key growth drivers of graphite and carbon market and compensate for slower growth in developed markets.
Global Information Inc (GII) presents three excellent market research reports on the global carbon and graphite, steel, and boron markets from our premium research partner Global Industry Analysts, Inc.
Carbon and Graphite
The global market for carbon and graphite is forecast to exceed $9.1 billion by the year 2018, encouraged by the improved demand from major end-use industries post economic slowdown. Newer application markets, intense competition and enhanced production capacity will usher robust growth prospects. In particular, strong demand for Graphite products from developing markets such as China ensures positive outlook for the Carbon and Graphite market in the long-term.
By product segment, Carbon and Graphite Electrodes dominates as the largest market. Growth in graphite electrodes market is heavily reliant on the steel industry. Compared to amorphous carbons, graphite electrodes displaying greater operating performance, higher corrosion & thermal-shock resistance have gained popularity over the years. The graphite electrodes segment is also poised to expand at a robust rate of over 4.3% through 2018.
Major players profiled in the report include Cabot Corporation, Mersen, GrafTech International Ltd., HEG Ltd., Hexcel Corporation, Mitsubishi Rayon Co., Ltd., GRAFIL Inc., Morgan Crucible Company Plc, Orion Engineered Carbons LLC, SGL Carbon SE, Showa Denko K.K, Toho Tenax Co., Ltd., Toray Industries Inc., and Zoltek Companies Inc., among others.
An Executive Summary for this report and free sample pages from the full document are available at http://www.giiresearch.com/report/go136201-carbon-graphite.html
Driven by rising demand from developing countries that are witnessing massive infrastructural and industrial development activities, consumption in the global market for steel is projected to reach 2.2 billion metric tons by 2018. While China continues to feel the heat of excess capacity, Brazil on the other hand, is threatened with premature deindustrialization defined as the reduction in the contribution made by heavymachinery/manufacturing industries towards a country's economic growth. The gradual weakening of the clout of the domestic manufacturing industry and its reducing share in the GDP is largely because of the depreciation of the US dollar and the ensuing strengthening of the domestic currency, together with low cost imports from Asian countries. The implications for deindustrialization for the steel industry include reduced demand, heavy price competition as a result of low cost imports, reduced profitability and haphazard development of supply chain and distribution efficiencies.
Key players in the marketplace include Anshan Iron & Steel Co., Ltd., ArcelorMittal, Baoshan Iron & Steel Co., Ltd., Evraz Group S.A., Nizhniy Tagil Iron and Steel Works, Novokuznetsk Iron and Steel Plant, EvrazVítkovice Steel Gerdau S.A., Hebei Iron and Steel Group Company Limited, JFE Steel Corporation, Jiangsu Shagang Group Co., Ltd., Nippon Steel & Sumitomo Metal Corporation, Nucor Corporation, POSCO, Riva Group, SiderúrgicaVenezolana SIVENSA S.A, Tata Steel Ltd., Tenaris S.A., TenarisTamsa, ThyssenKrupp Steel Europe AG, and United States Steel Corporation, among others.
An Executive Summary for this report and free sample pages from the full document are available at http://www.giiresearch.com/report/go138720-steel.html
Boron Nitride and Boron Carbide
The world market for Boron Nitride and Boron Carbide is projected to reach 6.4 thousand metric tons by the year 2018, driven by increasing demand in sectors such as fiberglass, ceramics, industrial tools, refractory coatings, as well as ever-evolving applicability of these compounds in the electronics sphere.
The US constitutes the largest market for the sales of boron nitride and carbide and is also set to register the fastest compounded annual growth rate (CAGR) of 3.8% through 2018, as stated by the new market research report on Boron Nitride and Boron Carbide. Geographically, the bulk of the world's boron reserves are available in Turkey, the US, and Russia. In terms of production, Turkey is the leading boron producer, cornering a sizeable chunk of the global production pie, trailed by Argentina, Chile, Russia, and Peru. Borates exports from the US, Turkey, Chile, and Russia to China are expected to increase considerably in the upcoming years, fueled by China's burgeoning ceramic and glass sectors.
An Executive Summary for this report and free sample pages from the full document are available at http://www.giiresearch.com/report/go236792-boron-nitride-boron-carbide.html
About Global Information Inc. Global Information (GII) (http://www.giiresearch.com) is an information service company partnering with over 300 research companies around the world. Global Information has been in the business of distributing technical and market research for more than 25 years. Expanded from its original headquarters in Japan, Global Information now has offices in Korea, Taiwan, Singapore, Europe and the United States.
Media Contact: Jeremy Palaia Global Information, Inc., 1-860-674-8796, Press@gii.co.jp
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SOURCE Global Information, Inc.
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