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Synthetic Graphite Market Revenues to Reach USD 4.16 Billion by 2028 – Market Size, Share, Forecasts, & Trends Analysis Report by Mordor Intelligence

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Hyderabad, July 28, 2023 (GLOBE NEWSWIRE) — According to a new market research report titled “Synthetic Graphite Market Report (2023-2028),” the market is estimated at USD 2.99 billion in 2023. It is expected to register a CAGR of 6.83% during the forecast period.

Synthetic graphite refers to an artificial component produced by processing high-temperature amorphous carbon materials. There are many types of amorphous carbon used as precursors to graphite. They can be sourced from petroleum, coal, and synthetic or natural organic materials.

Report Summary:

Report Attribute Details
Market Size (2023) USD 2.99 billion
Market Size (2028) USD 4.16 billion
CAGR (2023-2028) 6.83%
Study Period 2018-2028
Fastest Growing Market Asia-Pacific
Largest Market Asia-Pacific
Forecast Units Value (USD billion)
Report Scope Market Dynamics, Revenue Forecast and Segmentation, Competitive Landscape and Recent Developments, Market Growth, Future Opportunities, and Trends
Key Market Drivers The increasing demand for electric vehicles.
The high level of purity of synthetic graphite.

Which are the Top Companies in the Synthetic Graphite Market?

The synthetic graphite market is consolidated in nature. It consists of major players who are launching new products and using strategies like investments to expand their market presence.

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Significant players in the synthetic graphite market are,

  • Asbury Carbons
  • BTR New Materials Group Co. Ltd
  • GrafTech International
  • Graphit Kropfmhl GmbH
  • Graphite India Limited
  • Imerys
  • Jiangxi Zichen Technology Co. Ltd
  • Lianyungang Jinli Carbon Co. Ltd
  • Mersen Property
  • Mitsubishi Chemical Corporation
  • Nippon Carbon Co. Ltd
  • Shamokin Carbons
  • Shanghai Shanshan Technology Co. Ltd
  • Shenzhen Sinuo Industrial Development Co. Ltd
  • Resonac Holdings Corporation (Showa Denko KK)
  • Tokai Cobex GmbH

Other Reports That Might Be of Your Interest:

  • Europe Biocides Market Report – The European biocides market is expected to register a CAGR of 4.50% during the forecast period (2023-2028).
  • Biocides Market Report – The biocides market is expected to register a CAGR of 4.00% during the forecast period (2023-2028).

Key Highlights from the Synthetic Graphite Market Report:

Metallurgy Segment to Propel Market Growth

  • Graphite is used in various metallurgical applications like refractories, bricks, and electrodes. Synthetic graphite is utilized as an anode in the production of steel, aluminum, and ferroalloys in the electric arc furnace method.
  • The increasing demand for crude steel and aluminum production is expected to fuel the use of synthetic graphite in metallurgical applications. Synthetic graphite electrodes are used in metallurgy as a source of process energy. The applications include refining ceramic materials, producing chemicals like calcium carbide, and melting scrap in electric furnaces.

China to Occupy Maximum Market Share

  • China currently dominates the demand for and production of synthetic graphite. China is the largest market for li-ion batteries, fueling the growth of the synthetic graphite market. It is the most significant graphite manufacturer in the world due to the increasing demand from li-ion battery, electronics, steel, and solar industries.
  • China has over 40 official graphite electrode manufacturers, with 30 more market players having entered the market in the past two years to produce refractory products and electrodes.

What are the Latest Developments in the Synthetic Graphite Market?

  • In October 2022, Imerys Graphite & Carbon Company launched its lithium exploitation project to reduce the dependency on importing lithium and produce 700,000 electric vehicle batteries annually.
  • In April 2022, Shanshan Corporation, a Chinese lithium battery material producer, announced increased investment from its strategic investors through its subsidiary Shanghai Shanshan Lithium Battery Material Technology Co. Ltd.

Mordor Intelligence has Segmented the Synthetic Graphite Market Based on Type, Application, and Geography:

  • By Type (Market Size and Forecast based on Value (USD billion), 2018-2028)
    • Graphite Anode
    • Graphite Block (Fine Carbon)
    • Other Types (Graphite Electrode, etc.)
  • By Application (Market Size and Forecast based on Value (USD billion), 2018-2028)
    • Metallurgy
    • Parts and Components
    • Batteries
    • Nuclear
    • Other Applications
  • By Geography (Market Size and Forecast based on Value (USD billion), 2018-2028)
    • Asia-Pacific
      • China
      • India
      • Japan
      • South Korea
      • ASEAN Countries
      • Rest of Asia-Pacific
    • North America
      • United States
      • Canada
      • Mexico
    • Europe
      • Germany
      • United Kingdom
      • Italy
      • France
      • Russia
      • Rest of Europe
    • South America
      • Brazil
      • Argentina
      • Rest of South America
    • Middle East and Africa
      • Saudi Arabia
      • South Africa
      • Rest of Middle East and Africa

In a nutshell, the Mordor Intelligence market research report is a must-read for start-ups, industry players, investors, researchers, consultants, business strategists, and all those who are looking to understand this industry. Get a glance at the Synthetic Graphite Market Report (2023-2028).

Mordor Intelligence constantly tracks industry trends. Some relevant market reports from the analysts that might be of interest to you:

  • Southeast Asia Battery Market Report – The Southeast Asian battery market size is estimated at USD 2.67 billion in 2023. It is expected to reach USD 3.70 billion by 2028, registering a CAGR of 6.77% during the forecast period (2023-2028).
  • East Asia Battery Market Report – The East Asian battery market is expected to register a CAGR of 10.20% during the forecast period (2023-2028).
  • North Africa Battery Market Report – The North African battery market is expected to register a CAGR of 9.00% during the forecast period (2023-2028).

About Mordor Intelligence:

Mordor Intelligence is a market intelligence and advisory firm. At Mordor Intelligence, we believe in predicting butterfly effects that have the potential to change or significantly impact market dynamics.

Our market research reports are comprehensive and provide exclusive data, facts and figures, trends, and the competitive landscape of the industry.

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Artificial Intelligence

GIGABYTE Partners with NVIDIA on RTX AI PCs Supporting ACE NIM and Digital Human Technology

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TAIPEI, June 2, 2024 /PRNewswire/ — GIGABYTE, the world’s leading computer brand, is showcasing its prowess in artificial intelligence by partnering with NVIDIA to launch high-end RTX AI PCs. In his keynote at COMPUTEX 2024, NVIDIA CEO Jensen Huang highlighted the dawn of a new computing era driven by generative AI, digital twins, and personal computers evolving into AI factories with digital humans providing professional solutions. Jensen emphasized the challenges of computational inflation, the efficiency of NVIDIA CUDA in accelerating specialized processors, and AI’s potential as a $100 trillion industry.

GIGABYTE has collaborated closely with NVIDIA to deploy a full range of RTX AI PCs, reinforcing its leadership in the AI PC market. Every GIGABYTE AI laptop is equipped with NVIDIA® GeForce RTX™ 40 Series Laptop GPUs, supporting advanced features such as ACE NIM, Ray Tracing, Deep Learning Super Sampling (DLSS), and powerful Tensor Cores. These technologies deliver realistic visuals and exceptional AI learning capabilities, aligning with the model-based approaches mentioned by Jensen.
Furthermore, GIGABYTE products support NVIDIA ACE digital human technology, enabling digital humans to perform natural language interactions and facial expressions. These digital humans can be used as brand ambassadors, AI customer service agents, and digital healthcare workers, enhancing personalized and efficient services. GIGABYTE’s AI laptops excel in high-intensity graphic processing and various AI applications, catering to gamers and creators alike, indicating GIGABYTE is at the forefront of the AI revolution, driving the new era of generative AI applications.
Eddie Lin, CEO of GIGABYTE, stated, “AI PCs are transitioning from cloud-based solutions to edge computing and are set to move from niche markets to mainstream adoption in the upcoming years. We have been working closely with top chip leaders to build a robust AI ecosystem with superior hardware and learning environments.” As generative AI applications spread across edge, cloud, and hybrid modes, they will become core technologies in the PC domain. GIGABYTE’s long-term collaboration with NVIDIA and exclusive AI Nexus technology ensure excellent user experiences. Besides, over 40% of GIGABYTE laptops feature dedicated Copilot keys, allowing users to fully enjoy the benefits and convenience of AI.
GIGABYTE also announced the launch of new AI solutions on the eve of COMPUTEX, highlighting its innovative designs and comprehensive strategic blueprint in AI. For more information about GIGABYTE’s AI innovations in COMPUTEX, visit https://bit.ly/GIGABYTE_2024_COMPUTEX
Photo – https://mma.prnewswire.com/media/2427794/RTX_AI_PC_____ACE_NIM.jpg

View original content:https://www.prnewswire.co.uk/news-releases/gigabyte-partners-with-nvidia-on-rtx-ai-pcs-supporting-ace-nim-and-digital-human-technology-302161282.html

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Direct Sourcing leaders offer free interactive experience of AI-powered hiring tool

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TalentNet’s newest experience allows users to test drive TalentNavigator, the latest feature addition in their Direct Source platform
TORONTO, June 2, 2024 /PRNewswire/ — As the originators of Direct Sourcing, TalentNet is continuing to break boundaries in the talent acquisition industry by offering a 7-day free virtual interactive experience that highlights its AI-powered TalentNavigator platform.

This tool, which is now able to automate key tasks while creating shortlists in minutes, allows Curators to streamline the hiring process.
Streamlining the talent acquisition processFunctioning as a sophisticated AI Generative virtual partner, TalentNavigator leverages industry-leading generative AI technology to intelligently analyze and interpret each client’s talent pool, delivering real-time insights and comprehensive answers to complex curation queries. Users will be able to explore TalentNet’s Direct Sourcing platform as well.
“TalentNavigator represents a key shift in the market as hiring executives begin to understand the importance of optimizing the talent acquisition process through cutting-edge AI technology,” said Justin Lumby, TalentNet’s Chief Operating Officer. “Our 7-day experience is a unique offering that empowers companies to test out our revolutionary Direct Sourcing tool on their own time. Through this experience, they gain direct insight not only into Direct Sourcing but also harnessing the full potential of AI.”
Empowering companies to optimize their workflowThe platform includes job search capabilities, allowing Curators to quickly find job openings for candidates based on customized criteria. TalentNet’s newest updates enable the tool to streamline manual tasks, allowing companies to spend more time connecting with candidates and engaging with top talent.
In the future, TalentNavigator will let users update statuses, accept offers, send messages, share candidates, schedule actions, view history, and manage talent pools.
Ensuring continued data protectionTalentNet ensures client data security with SOC 2 Type II and ISO 27001/27017 certifications. TalentNavigator encrypts all data and doesn’t store personal information. Curators maintain full control, approving all outputs.
To be part of TalentNet’s 7-day free virtual interactive experience, simply sign up at the TalentNet website by completing a form and wait to be contacted by a TalentNet rep.
About TalentNet: In 2013, TalentNet revolutionized sourcing with its Direct Sourcing platform. Today, Direct Sourcing is a rapidly growing trend in talent acquisition globally. As pioneers in this technology, we empower top brands to streamline hiring, simplify supply chains, and cut costs for a seamless candidate experience. For more information, visit https://talentnet.com/.
Video – https://www.youtube.com/watch?v=Yr0D58iBwrU

View original content:https://www.prnewswire.co.uk/news-releases/direct-sourcing-leaders-offer-free-interactive-experience-of-ai-powered-hiring-tool-302161270.html

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Federal Government Authorizes Institute of Information Management to Certify Data Protection Professionals in Nigeria

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LAGOS, Nigeria, June 2, 2024 /PRNewswire/ — The Federal Government through the Nigeria Data Protection Commission (NDPC) has granted a licence to the Institute of Information Management (IIM) to conduct examinations and certify data protection professionals for global competitiveness.

The National Commissioner of NDPC, Dr. Vincent Olatunji, who said this on Monday while presenting licence to IIM in Abuja, said granting of the licence was part of the commission’s measures to implement Executive Order 003 and 005.
Olatunji added that certifying data protection professionals in the country would reduce capital flight, create over 500,000 jobs in the sector, and encourage more people to be certified.
Promoting local content
While a few Nigerians with expertise in data protection had their training and certification abroad, Olatunji said having an institute to train and certify Nigerians locally would boost local content in the sector.
“We are trying to ensure the implementation of Executive Orders 003 and 005 to promote local content in Nigeria. Most of us who are certified data protection officers have international certifications; we paid some dollars to write exams as well as maintain the certificates. We are trying to domesticate this in Nigeria by having a national certification process” Olatunji said.
The NDPC National Commissioner said that with the size of Nigeria’s  population, the country  needs  over 500,000 certified data protection officers. And if prospective candidates are to pay for the certifying examination in dollars, it will lead to capital flight.
Expansion to Africa
Olatunji also said that the commission is considering adopting the licensing across Africa. According to him, the Commission is working towards having a pan-African initiative, whereby data professionals have the national certification that is being offered in Nigeria and can also practice in any part of Africa.
“It is a way of creating jobs for our people, reducing capital flight, and developing global human capital in the data protection ecosystem” Olatunji said. He explained the Commission have also gone further to develop the training model which is unique to the organization  and will be used by  trainers in Nigeria.
He added that the licensing would also create jobs for already licensed Data Protection Compliance Organisations (DPCOs), who would be accredited to train prospective professionals to sit for data protection examinations. According to him, the national data protection certification will be a historic legacy that will transcend administrations and meet global standards.
Speaking on the licence, the President of the Institute of Information Management, Dr. Oyedokun Oyewole, recalled that the certification process commenced in 2021.
He said the licence would bridge the gap in the data protection ecosystem. Oyewole assured Nigerians of the institute’s commitment to be the best in the education system of data protection in the country.
Contact
Celestine AchiCell: +234-08099997175Email: [email protected]
Photo – https://mma.prnewswire.com/media/2427759/IIM.jpg

View original content:https://www.prnewswire.co.uk/news-releases/federal-government-authorizes-institute-of-information-management-to-certify-data-protection-professionals-in-nigeria-302161242.html

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