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Increase in demand for isostatic graphite market in the semiconductor industry and extensive use of these materials in the photovoltaic sector are factors driving the isostatic graphite market. This is prompting companies to increase production of these materials. Additionally, easy availability of raw materials is anticipated to boost the demand for isostatic graphite in the near future.
The global isostatic graphite market is witnessing technological advancements. Companies are constantly striving to develop new and better ways to manufacture Isostatic Graphite materials. Development of new manufacturing processes of isostatic graphite and applications is estimated to propel the Isostatic Graphite market. However, threat of substitution from other graphite materials is projected to inhibit the Isostatic Graphite market.
Based on application, the isostatic graphite market can be divided into electrode, high temperature applications, electrical discharge machining, polysilicon production, silicon crystal, frictional products, parts & components, and others. The electrode segment of the isostatic graphite market is anticipated to expand at a significant pace owing to increasing demand from emerging economies such as India and China.
In terms of end-use industry, the isostatic graphite market can be divided into metal, photovoltaic, electrical & electronics, automotive, industrial, and others. The electrical & electronics segment of the isostatic graphite market is anticipated to expand at a considerable pace due to the rise in demand for Isostatic Graphite materials in electrical discharge machining applications.
Based on geography, the isostatic graphite market can be segregated into North America, Latin America, Asia Pacific, Europe, and Middle East & Africa. Asia Pacific is anticipated to constitute key share of the Isostatic Graphite market during the forecast period. The isostatic graphite market in Asia Pacific is estimated to expand a considerable pace owing to the increase in demand for Isostatic Graphite materials in electrical & electronics and photovoltaic industries in the region. Middle East & Africa is likely to be an attractive region of the isostatic graphite market during the forecast period due to the rise in demand for these in the automotive industry in the region.
Prominent players operating in the global isostatic graphite market include Baofeng Five-star Graphite, Mersen Group, Nippon Graphite Industries, Co, and SGL Carbon SE.
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