Market Size of Expandable Graphite Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 7.64 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | Asia-Pacific |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Expandable Graphite Market Analysis
The global expandable graphite market size is estimated at 76.75 kilotons in 2023 and is expected to reach 110.90 kilotons by 2028, growing at a CAGR of 7.64% during the forecast period.
- Over the medium term, factors such as the increasing adoption of expandable graphite as a flame retardant in the construction industry, increasing demand for non-halogenated flame retardants, and growth in the consumer electronics market are expected to increase the global consumption of expandable graphite.
- However, it is estimated that the demand for expandable graphite may decrease shortly due to the limited supply of graphite. Furthermore, limited supply and rising prices are also expected to hamper the market.
- Nevertheless, increasing bans on hazardous refractories such as brominated or asbestos refractories in buildings and gaskets are expected to provide new opportunities for the expanded graphite market.
- In terms of revenue, Asia-Pacific is expected to dominate the global market during the forecast period.
