Some of the major drivers behind the growth of the graphite market include increasing use of graphite in batteries, growing demand of graphite in steel industry, and increasing use of graphite in automotive industry. High demand of graphite in battery industry is anticipated to propel the global graphite market. Tesla Motors, Inc. has announced plans to construct a new $5 billion lithium-ion battery factory (gigafactory at Nevada, U.S.). Due to this, the demand for natural graphite is anticipated to increase by a by 2020. Commercial acceptance of graphene is anticipated to provide further opportunities for the graphite market in near future. Graphene is expected to play an important role in near future by creating a positive impact on various industries such as power generation, conductor, battery, and electronics industries.
