According to the largest graphite mining companies in India, the global graphite market almost reached the value of $1,282.7 million in 2018. Here are some factors.

The graphite market generally consists of sales of the element and its compounds. There was a decline at a  compound annual growth rate of graphite of -0.9% since 2014. This has some effects on the performance of top graphite manufacturing companies. 

Graphite Market Size:

• The decline in the graphite market was mainly because of the drastic fall in the graphite rates during 2015-16. It was also due to the slight reduction in the production volume of the element in 2016.
• However, the situation came to improve after 2016 when both the prices and demand for graphite began rising. Various end-use industries started looking for big graphite reserves. 
• Energy storage will drive graphite growth with the opening of new graphite mining companies and rising commercial applications of graphene. 

Opportunities For The Graphite Market:

1. The opportunities for the graphite industry is wide as it will profit the most in China with an estimate of $57.77 billion.
2. Market-trend strategies include investigation of graphite-producing sites, deploying underground drones for the purpose of 3D mapping, and investing in big data analytics and autonomous technologies. 
3. Other strategies also include the expansion of graphite business lines as well as the expansion of graphite production portfolios with the help of fundraising. These create huge market opportunities for graphite industries. 

Graphite Market Trends:

The graphite market trends include:

1. Rising Demand For Graphene Batteries:

The rising demand for graphene batteries caters to the increase in graphite production. Graphite is one of the most important raw materials in lithium-ion batteries. 

Both natural and synthetic graphite come to use in the anodes of these batteries in the form of intermediate product spherical graphite. 

2. Underground Drones For 3D Mapping:

The use of underground drones for building three-dimensional maps for mine plans has been recently gaining a lot of popularity. 3D maps help engineers and designers to accurately plan the action plan and layout before commencing the work. 

Moreover, 3d Maps also help to obtain specific situations by utilizing drones that help to capture onboard sensors. These scan the nearby areas and build a schematic 3D map. 

Conclusion:

Skamord Mining is the fastest-growing graphite manufacturing company in India. They provide optimum graphite to industries across the world. Originality and timely delivery are their key assets. Get in touch with them and avail yourself of the premium graphite mining services.