FLEXIBLE GRAPHITE SHEET MARKET REPORT OVERVIEW
The global Flexible Graphite Sheet market size was valued at USD 2813.4 million in 2023 and is anticipated to reach USD 3947.86 million by 2032, witnessing a CAGR of 3.8% during the forecast period.
Flexible graphite sheets are sheets made of graphite flakes. After chemical preparation with acids and oxidising agents, the graphite is expanded by a violent heating procedure. After being self-bonded by a rolling procedure, the expanded graphite particles form a continuous strip without any binding agent.
Graphite sheets have excellent chemical resistance, face no material alteration over time, high compressibility and elastic recovery and are easy to cut.
COVID-19 Impact: Market Growth Restrained by Pandemic due to Supply Chain Disruptions
The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden market growth reflected by the fall in CAGR is attributable to market’s growth and demand returning to pre-pandemic levels.
The COVID-19 pandemic adversely affected many industries along with the flexible graphite sheet industry which had to face several drawbacks such as plant closure due to extreme weather conditions, supply chain disruption and issues with transportation and shipment of raw and finished goods, all of which caused a decline in the market growth rate.
LATEST TRENDS
Electric Vehicle Sales to Boost Market Growth
There is an increasing demand for flexible graphite sheets from the electronics industry which greatly contributes to market size and market share. Technological developments and a better understanding of the advantages of using graphite sheets in industries also aids in market growth. Lastly the current surge of environmental consciousness followed by a rise in demand for electric vehicles has led to a large amount of revenue for the flexible graphite sheet market as these sheets are used to coat EV batteries.
FLEXIBLE GRAPHITE SHEET MARKET SEGMENTATION
By Type
Based on type the flexible graphite sheet market can be segmented into-
- Natural Graphite Sheets: It is a porous compressible electrically and thermally conductive substances used in fuel cells, flow batteries, electronics, cooling systems and supercapacitors to name a few
- Synthetic Graphite Sheets: It is a heat conducting and dissipating material which evenly conducts heat bidirectionally protecting heat sources and components while improving the machines performance. Its advantages are high thermal conductivity, easy handling, lightweight and low thermal resistance.
By Application
- Laptop: The graphite sheets aid in scree heat dissipation to ensure safety of the device
- LED lighting: Due to its conformability and high thermal expansion flexible graphite sheets are used as a thermal interface in LED lights.
- Flat Panel Displays: Flexible graphite sheets help to prevent overheating here
- Digital Cameras: They aid in dissipating heat and providing thermal insulation.
- Phones- Here also they are used to dissipate heat generated by the electronic components.
DRIVING FACTORS
Corrosion Resistance and High heat tolerance may boost market growth
Some of the driving factors that boost market growth are resistance to corrosive substances, high heat and stress tolerance, high conductivity, and easy material implementation.
Improved elasticity and high heat conduction boosts market size
These sheets have high elasticity and due to high conduction, the heat can be evenly distributed for more efficient production and the adhesion between the heating element and the substance is increased. Elasticity can also prevent excess friction and distributes pressure uniformly.
RESTRAINING FACTOR
Contaminants in Graphene to Slow Down Market Growth
When graphite is heated to make graphene, many hazardous substances and pollutants remain in the metal which may alter the properties of the graphene produced and have harmful effects if utilized in everyday items such as electronic systems cell phones or computers.
DISTRIBUTION SYSTEM MARKET REGIONAL INSIGHTS
The market is primarily segregated into Europe, Latin America, Asia Pacific, North America, and Middle East & Africa.
Asia Pacific to Lead The Market Owing To Rapid Industrialization And Urbanization
This statistic is largely driven by the growing demand for electric scooters and digital cameras in this region. Manufacturing improvements in these countries would also boost market growth in this sector as would the emergence of big industry players here.
KEY PLAYERS
Key Players Transforming the Market Landscape through Innovation and Global Strategy
Major industry players are pivotal in shaping the distribution system market, driving change through a dual strategy of continuous innovation and a well-thought-out global presence. By consistently introducing inventive solutions and staying at the forefront of technological progress, these key players redefine the industry's standards. Simultaneously, their expansive global reach enables effective market penetration, addressing diverse needs across borders. The seamless blend of groundbreaking innovation and a strategic international footprint positions these players as not only market leaders but also as architects of transformative shifts within the dynamic domain of distribution system.
List of Market Players Profiled
- GrafTech (U.S.)
- Panasonic (Japan)
- TOYO TANSO (Japan)
- Kaneka (Japan)
- T-Global (Taiwan)
- Teadit (U.S.)
RECENT DEVELOPMENT
October, 2021: Gasket Resources recently came out with the Durlon Flexible Graphite Sheet- FG-S95. It is suitable for applications in automotive, refining, and petrochemical plant processes. It is unaffected by heat over a wide range of temperatures. It exhibits low electrical resistivity and high thermal conductivity and is suitable for cryogenic temperatures. Thus, this product is suitable for applications in the automotive, refining and petrochemical plant processes.
REPORT COVERAGE
The study encompasses a comprehensive SWOT analysis and provides insights into future developments within the market. It examines various factors that contribute to the growth of the market, exploring a wide range of market categories and potential applications that may impact its trajectory in the coming years. The analysis takes into account both current trends and historical turning points, providing a holistic understanding of the market's components and identifying potential areas for growth.
