Synthetic graphite material is man-made graphite, manufactured through the processing of amorphous carbon materials at high temperatures. Synthetic graphite can be derived from carbon-containing materials such as petroleum, coal tar, coke, etc. It can also be obtained through the pyrolysis of carbonaceous gases such as acetylene. The singularity of synthetic graphite is its highly purified nature in terms of carbon content, higher crystallinity, and the resultant ability to withstand high temperature and corrosion. These properties render the behavior of synthetic graphite predictable. However, the processing employed to obtain synthetic graphite makes it more expensive in comparison to natural graphite. The price of synthetic graphite can be double or even triple of the standard price of natural graphite.

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Given the characteristic advantages of synthetic graphite, it is used in certain highly specialized but lucrative industries such as metal manufacturing, solar panels, batteries, etc. The global synthetic graphite material market can be segmented based on manufacturing process, product type, form, application, and end-user industry, among others.

In terms of manufacturing process, the global synthetic graphite market can be classified into high temperature processing and pyrolysis processing. Synthetic graphite is commonly manufactured using high temperature processes and the trend is expected to continue during the forecast period.

Based on type, the global synthetic graphite market can be divided into primary and secondary synthetic graphite. The former is manufactured from a mixture of coal tar pitch and petroleum coke, while the latter is essentially a by-product and is recovered from machining operations of graphite scrap, graphite parts, and other defective and broken graphite details.

In terms of form, the global synthetic graphite market can be categorized into electrode, block, powder, and fiber. Synthetic graphite electrode is primarily used in electric arc furnaces to melt steel and iron and also to produce alloys. Synthetic graphite block is mainly used in the energy industry, ranging from the solar to the nuclear industry. Synthetic graphite powder is commonly used in the automotive industry, while synthetic graphite fiber is generally used in various sports equipment.

On the basis of end-user industry, the global synthetic graphite market can be segmented into energy, automotive, industrial, defense, electrical & electronics, and others. Synthetic graphite is used in different types of power generation projects, ranging from solar to nuclear. It is used to manufacture numerous parts and components of vehicles in the automotive industry. In the industrial sector, synthetic graphite is primarily used for metal manufacturing, fabrication, and welding. However, the most important application of synthetic graphite across industries is in the manufacturing of Li-on batteries which are used in a wide range of products, from mobile phones and automobiles to renewable power plants and spacecraft. In fact, synthetic graphite even competes with natural graphite for use in such batteries.

In terms of region, the global synthetic graphite market can be classified into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.

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Major companies in the global synthetic graphite market include Toray Industries Inc., Asbury Carbons Inc., Nippon Graphite Group, Showa Denko K.K., Mitsubishi Rayon Co., Graphite India Ltd., SGL Carbon SE, Mersen Group, GrafTech International Holdings Inc., Toho Tenax Europe GmbH, Tokai Carbon Co., Toyo Tanso Co. Ltd., BTR New Energy Materials Inc., Baofeng Five-star Graphite Co. Ltd., and IBIDEN Co.

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