Shaping the Future with Industrial Strength

The carbon and graphite products market in India is witnessing huge growth owing to increasing industrialization, rising steel production as well as expanding renewable energy sectors. Electric arc furnaces are used to steel making and carbon and graphite products are important in particular for electrodes and India’s increasing steel demand led to a considerable expansion in this area. In addition, increasing demand of these products in lithium ion batteries which are used extensively for electric vehicles (EVs) and renewable energy storage is also supporting the market. Also favorable government policies like the “Make in India” have attracted foreign investments in manufacturing in India. This has prompted companies to increase production capacities and invest for research in order to improve quality and sustainability of products, with an estimated rate of growth of about 5–7% per annum over the next five years.

At the same time, rapidly expanding industrial minerals sector in India is being driven by rising demand from construction, ceramics and electronics industries. Industrial minerals like limestone, barite, gypsum and kaolin are critical inputs for construction materials, paints and plastics and fit well with India’s ongoing infrastructure development projects and urbanization. Furthermore, India’s abundant mineral reserves and low cost labor make India a strong competing local manufacturer, attracting domestic and foreign investments. With the government's policies and sustainable mining initiatives, the industry has grown further, with emphasis on exploiting the resource efficiently and protecting the environment. As more minerals become needed for high technology applications including rare earth elements for electronics, the market is expected to grow at a rate of around 8-10 per cent CAGR.

In this special issue, we introduce you to the top companies in these segments. Industry Outlook has identified the select few companies that have done particularly well in these sectors with a high level of dedication. We have found that these companies have gone the extra mile in proving their commitment to meet the customer needs in an integrated manner.

We welcome your feedbacks and suggestion that you may have concerning this special issue.