There are a number of factors bolstering the growth of global isostatic graphite market. Solar Photovoltaic, Semiconductor, and EDM (Electrical Discharge Machining) are expected to drive the growth of the isostatic graphite market during the forecast period.
Cerium oxide is the most dominant rare earth metal accounting for 38% of the market in 2015, followed by Lanthanum oxide with 24% share.
Japanese companies own majority of the global isostatic graphite market share and are expected to remain the leading companies in the near future.
Asia-Pacific region is the major consumer of the isostatic graphite worldwide wherein China is the leading consumer and has been growing at a double digit CAGR during the last ten years. Emerging Asian countries, such as China and India are fueling the growth in the Asia-Pacific region and are likely to do so over the next five years.
The key isostatic graphite manufactures are Baofeng Five-Star Graphite, Datong Xincheng New Material, IBIDEN Co, GrafTech International Holdings Inc, Mersen Group, Nippon Graphite Industries, Co, SGL Carbon SE, Tokai Carbon Co, and Toyo Tanso.
New product development, capacity expansion, and regional expansion are the key strategies adopted by the key players to gain competitive edge in the market.