Asia-Pacific region is expected to manifest the fastest CAGR at 6.0% over 2022-2031. The research also analyzes regions including North America, Europe, & LAMEA
WILMINGTON, DELAWARE, USA, October 9, 2023 /EINPresswire.com/ — As per report published by Allied Market Research, the silver graphite market size was $119.2 million in 2021, and is set to reach $204.5 million by 2031, manifesting a CAGR of 5.6% from 2022 to 2031. The report provides an extensive analysis of changing market dynamics, major segments, value chain, competitive scenario, and regional landscape. This research offers a valuable guidance to leading players, investors, shareholders, and startups in devising strategies for the sustainable growth and gaining competitive edge in the market.
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Leading market players of the global silver graphite market analyzed in the research include Carbon Brush Company Private Limited, Modison Limited, Fabricast, Inc., KARBOTECHNIK, Helwig Carbon Products, Inc., Guilin Coninst Electrical & Electronic Material Co., Ltd., Morgan Advanced Materials, Tirupati Carbon Products PVT LTD., St Marys Carbon, umicore.
The report provides a detailed analysis of these key players of the global silver graphite market. These players have adopted different strategies such as new product launches, collaborations, expansion, joint ventures, agreements, and others to increase their market share and maintain dominant shares in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.
The research provides detailed segmentation of the global silver graphite market based on type, structure, application, and region. The report discusses segments and their sub-segments in detail with the help of tables and figures. Market players and investors can strategize according to the highest revenue-generating and fastest-growing segments mentioned in the report.
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Based on type, the 20-160 μm segment held the highest share in 2021, accounting for nearly half of the global silver graphite market, and is expected to continue its leadership status during the forecast period. However, the 1-5 μm segment is expected to register the highest CAGR of 6.0% from 2022 to 2031.
Based on structure, the parallel segment accounted for the highest share in 2021, holding more than three-fifths of the global silver graphite market, and is expected to continue its leadership status during the forecast period. This segment is estimated to grow at the highest CAGR of 5.9% during the forecast period.
Based on application, the circuit breakers segment accounted for the highest share in 2021, contributing to nearly two-fifths of the global silver graphite market, and is expected to maintain its lead in terms of revenue during the forecast period. This segment is expected to manifest the highest CAGR of 6.1% from 2022 to 2031.
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Based on region, Asia-Pacific held the largest share in 2021, contributing to around one-third of the global silver graphite market share, and is projected to maintain its dominant share in terms of revenue in 2031. In addition, the same region is expected to manifest the fastest CAGR of 6.0% during the forecast period. The research also analyzes regions including North America, Europe, and LAMEA.
The outbreak of the COVID-19 pandemic had a negative impact on the growth of the global silver graphite market, owing to implementation of global lockdown and stringent travel restrictions.
The development of the silver graphite market has been constrained by the suspension or permanent shutdown of numerous commercial and industrial operations.
However, with ease in restrictions, the market is likely to grow in the post-pandemic.
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