Graphite Market Size and Growth Share 2021 | Global Share by Manufacturers, Sales Revenue, Key Strategies Gross Margin Analysis, Development History, and Future Scope with Forecast Research 2030

In a recent published report, Kenneth Research has updated the market report for Graphite Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.

U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4  billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Graphite Market products.

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According to the statistics by the Food and Agricultural Organization (FAO) of the United Nations, the total amount of pesticides used around the world grew from 3,089,827 tonnes in 2000 to 4,122,334 tonnes in 2018. Moreover, amongst all the continents that used pesticides, Asia registered as the largest user of pesticides by attaining a share of 52.4% in the year 2018. It was followed by the Americas, Europe, Africa and Oceania with 32.3%, 11.6%, 2% and 1.7% respectively. The statistics also stated that China was the largest user of pesticides amongst all the nations worldwide, utilizing 1,763,000 tonnes of pesticides for agricultural use.

The global drilling fluids and chemicals market is anticipated to reach USD 15.66 billion by 2026 according to a new study published by Polaris Market Research.

The slow increase in oil prices in the past two years and expected boom post 2020 is expected to bring about increases in demand for drilling fluids and chemicals that are used in well drilling & completion, hydraulic fracturing and EOR operations. This slump and rebound in drilling fluids and chemicals demand is primarily owing to the volatility in crude prices. After reaching all time high in 2013, the prices slumped down tremendously within a significant short period. This resulted in dramatic decline of drilling operations all throughout the globe dripping almost as below as only 900 rigs globally (all time low) which eventually impacted the drilling fluids and chemicals market as well.

Development of several chemical formulations that can address environmental concerns will have an important impact on its market, promoting to added demand for high quality environmentally friendly chemicals, including less toxic biocides and biodegradable shale inhibitors. Offshore operations are anticipated to stay vital contributor for the market globally and the necessity for environmentally compatible chemicals and fluids will be leading in the offshore environments. Increasing concerns for pollution of groundwater and the environment are some of the major concerns for the industry participants. Companies have been investing significantly in R&D operations to constantly upgrade their products and offer novel chemicals to the upstream sector that satisfy every aspect of environmental regulations thus enhancing the required parameters of operations.

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However in the short term, these products are anticipated to experience moderate growth in terms of market value before rallying on the later by the end of forecast period. In spite of relatively low demand for these products in the present scenario, the entire level of activities of oilfields and consequently demand for these products is projected to recover at a faster pace starting by the end of 2020. Number of well completion counts is anticipated to increase during the forecast period that will boost demand for completion chemicals. Simulation techniques including acidizing and hydraulic fracturing will increase as well fracturing have been increasing or else subject to other methods of simulation ahead of initial completion.

North America, especially in the U.S. is anticipated to experience healthy growth the next few years overcoming the price declines. The increase in unconventional drilling in the U.S. is the primary development in the global oil industry, successful of altering balance of demand and supply at the global scale and eventually contributing to the collapse and control over oil prices in the recent past. Hydraulic fracturing is anticipated to be one of the major application segments globally. Despite the low crude prices, increase in average volume of chemicals used per well during 2017 was a primary factor driving the market.

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Some of the leading industry participants currently operating in the industry include Clariant, Solvay, NALCO, Croda International Plc, Baker Hughes, Kemira, Halliburton, Schlumberger Limited, Stepan Company, Akzo Nobel N.V., The Lubrizol Corporation, BASF SE and Dow Chemical Company.

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