One of the most desirable materials among those active in the next-generation energy sector, graphite represents a rapidly progressing, multi-billion-dollar market at a global level. Majorly fuelled by the advent of renewable energy sources, and innovations in green energy technologies, Fairfield Market Research expects the global graphite market to see a robust growth outlook during 2021 – 2025. A new report by the company forecasts a strong 8.5% CAGR for the graphite market through 2025, reaching an estimated revenue of more than US$26 Bn. The market will also receive a boost from the flourishing steelmaking industry, banking on the superior attributes of graphite, including higher electrical conductivity, greater mechanical strength, better lubricity, and superior thermal shock resistance.
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