Extruded Graphite Market to Witness Robust Growth in Asia Pacific due to Increasing Industrialization
Extruded graphite is used in various applications, such as bearing, heat exchangers, tiles, bricks, and vessel linings among others. For instance, in the manufacturing of various hot zone parts, used in the furnaces such as fasteners, plates, shelves, rails, and heating elements. Extruded graphite is widely used in the chemicals industry due to its high temperature stability and chemical resistant properties. Therefore, the wide applicability of extruded graphite is a major factor driving the extruded graphite market growth. Moreover, the manufacturing cost of extruded graphite is approximately half of the cost of isostatic graphite. Thus, the economical production is another factor, supporting the extruded graphite market growth. Moreover, the production of isostatic graphite involves additional steps to mix the raw materials, which takes more time to manufacture than extruded graphite. Extruded graphite is produced in an extrusion process and grain size is about 10 larger tha...