Lucintel's latest market report analyzed that expandable graphite provides attractive opportunities in the building & construction, consumer electronics, and chemical processing industries. The expandable graphite market is expected to reach $595.1million by 2028 with a CAGR of 5.5%. In this market, flame retardant additives is the largest segment by product form, whereas consumer electronics is largest by end use industry. Development of graphene from expandable graphite for next-generation battery chemistry and boron coated expandable graphite provides strategic growth path in this market.
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Based on product form, the expandable graphite market is segmented into flame retardants, graphite foil & sheets, sealing & gaskets, and others. The flame retardant additives segment accounted for the largest share of the market in 2023 and is expected to register the highest CAGR during the forecast period, due to tstringency in building codes towards the use of flame retardants.
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The Expandable Graphite Market is marked by the presence of several big and small players. Some of the prominent players offering expandable graphite include SGL Group, NeoGraf Solution, Yichang Xincheng Graphite Co. Ltd., HP Materials Solution Inc., Braide Graphite Group Co. Ltd., GEORG H. LUH GmbH, Shijiazhuang ADT Carbonic Material Factory, and Qingdao Black Dragon Graphite Co. Ltd.
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