Graphite coatings market will exceed US$660 million valuation by 2021, growing at a staggering CAGR of more than 6% above forecast, according to a new report published by market research and competitive intelligence provider Fact.MR expected. The period 2021-2031.

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Between 2016 and 2020, the market experienced a surge in demand, forecasting a growth rate of 5.6%. Fact.MR anticipates great potential in the market due to factors such as the increasing use of graphite coatings in batteries and transistors, and the increasing demand for efficient metal coatings in the automotive industry.

Especially in the coatings industry, the increasing demand for low VOC and high temperature resistant coatings has led to a significant increase in valuations. This has opened up a market space for high-value coating products, including graphite coatings.

Demand for graphite coatings is growing in the industrial machinery sector due to their excellent hydrostatic properties and ideal uniformity. Apart from these properties, graphite is also used as a dry lubricant and its penetration into the automotive industry has reached an all-time high in the last five years.

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Key takeaways from market research

• The graphite coating market is expected to add 1.8 times its value by 2031.
• Among the end-use industries, the automotive segment is growing fastest and is expected to follow the same trend during the forecast period.
• Demand for graphite coatings is expected to soar in the coming years due to the increasing consumption of graphite coatings in the energy industry.
• The application of dry lubrication is expected to dominate the demand pie over the long-term forecast period.
• The US market for graphite coatings could reach a valuation of US$250 million by 2031.
• Asia-Pacific took the market crown in 2020 and is expected to maintain the same position over the long-term forecast period.

Fact.MR analysts said, "Heavy R&D spending to develop weather and corrosion resistant coatings to attract investors is driving market growth over the medium- to long-term forecast period." said.

Market segments covered in the Graphite Coatings Industry Analysis

• by application
  • dry lubrication
  • Anti-seizure agent
  • Release agent
  • Others (including thermal conductive agents and antirust agents)
• By end-use industry
  • Graphite coating for energy
  • automotive graphite coating
  • mechanical graphite coating
  • Graphite coating for electrical and electronic equipment
  • Graphite coating for textiles
  • medical graphite coating
  • others

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Key Companies Profiled

• final advanced material
• CONDAT Co., Ltd.
• Ercora Advanced Materials Corporation
• Mercen
• Van Sickle Paint Manufacturing Company
• Whitford
• Imerys Graphite & Carbon
• Asbury Carbons
• behem