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Global Graphite Foil Market Set for Strong Growth with Rising Demand in Electric Vehicles and Electronics – 2024-2030 | Valuates Reports

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BANGALORE, India, Nov. 29, 2024 /PRNewswire/ — Graphite Foil Market is Segmented by Type (98% Carbon, 99% Carbon, 99.9% Carbon, 99.95% Carbon, 99.99% Carbon), by Application (Automotive, Petroleum, Chemical, Nuclear Industries, Fuel Cell Industry): Global Opportunity Analysis and Industry Forecast, 2024-2030.

 

The Global Graphite Foil Market was valued at 1781.3 USD Million in 2023 and is anticipated to reach 2794.2 USD Million by 2030, witnessing a CAGR of 6.7% during the forecast period 2024-2030.

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Major Factors Driving the Growth of Graphite Foil Market:

The graphite foil market is experiencing steady growth, driven by its applications in thermal management, renewable energy systems, and lightweight designs. Key drivers include the rise of EVs, the expansion of the electronics industry, and increased focus on energy efficiency. As manufacturers innovate to meet the evolving demands of high-performance applications, the global graphite foil market is poised for sustained growth across diverse sectors.

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TRENDS INFLUENCING THE GROWTH OF THE GRAPHITE FOIL MARKET:

Graphite foil with 98% carbon content is a key driver of the graphite foil market due to its excellent thermal and electrical conductivity. This material is widely used in industries such as electronics, energy storage, and industrial manufacturing. Its affordability compared to higher purity alternatives makes it particularly attractive for cost-sensitive applications like thermal management in consumer electronics and insulation in industrial equipment. Additionally, its versatility enables use in gaskets, seals, and heat shields, providing solutions for a wide range of thermal and mechanical challenges. The demand for 98% carbon graphite foil is growing in emerging markets where industrial expansion drives the need for cost-efficient, high-performance materials. With the rising adoption of renewable energy systems and electronic devices, the role of 98% carbon graphite foil in applications requiring durability and conductivity is expected to expand, solidifying its position as a cornerstone in the graphite foil market.

Graphite foil with 99% carbon content is a significant growth driver in the graphite foil market, particularly in high-performance applications. This material’s superior thermal stability, conductivity, and corrosion resistance make it indispensable in industries such as aerospace, automotive, and advanced electronics. It is commonly used in lithium-ion battery production, fuel cells, and heat exchangers, where precision and durability are critical. The high purity of 99% carbon graphite foil ensures reliable performance in extreme conditions, such as high-temperature environments and chemically aggressive settings. The growing focus on electric vehicles (EVs) and renewable energy technologies has further boosted demand for this material. Manufacturers are leveraging its high thermal conductivity to develop efficient battery management systems, enhancing EV performance. As industries prioritize advanced materials for next-generation technologies, 99% carbon graphite foil is expected to witness sustained demand, driving overall market growth.

The automotive industry is a major growth driver for the graphite foil market, as vehicles increasingly rely on advanced thermal management solutions. Graphite foil is widely used in electric vehicles (EVs) for battery insulation and thermal control, ensuring safety and efficiency in high-performance battery systems. Its lightweight and flexible properties make it ideal for applications in gaskets, seals, and engine components, where heat resistance and durability are essential. The shift toward electrification in the automotive sector has amplified the demand for graphite foil in EV battery packs, as it helps dissipate heat and maintain optimal temperatures. Additionally, traditional internal combustion engine vehicles utilize graphite foil for heat shields and exhaust system components, further supporting market demand. As the global automotive industry embraces innovations in EVs and hybrid technologies, the use of graphite foil is expected to grow, making it a vital material in the sector’s transition toward sustainability.

The increasing need for efficient thermal management solutions across industries is a key driver of the graphite foil market. Graphite foil’s superior thermal conductivity and flexibility make it ideal for applications in electronics, automotive, and industrial equipment. Its use in heat exchangers, battery management systems, and electronic cooling systems highlights its importance in maintaining optimal performance and safety. As industries prioritize energy efficiency and reliability, the demand for graphite foil in thermal management applications continues to rise.

The growth of renewable energy systems, such as solar panels and fuel cells, has driven demand for graphite foil. This material is used for thermal insulation, sealing, and electrical conductivity in renewable energy technologies. Its ability to withstand high temperatures and harsh environments makes it indispensable in these applications. As the global shift toward sustainable energy accelerates, the graphite foil market is expected to benefit significantly from this trend.

The expanding electronics industry is a major contributor to the graphite foil market, with applications in cooling systems, thermal pads, and EMI shielding. Graphite foil provides effective heat dissipation for compact, high-performance devices such as smartphones, laptops, and gaming consoles. The increasing demand for portable and energy-efficient electronics has heightened the need for advanced thermal management solutions, supporting market growth.

The rapid adoption of electric vehicles (EVs) has significantly boosted the demand for graphite foil in battery insulation and thermal management. EV batteries generate considerable heat during operation, and graphite foil helps maintain safety and performance. The global push for EV adoption, supported by government incentives and advancements in battery technologies, continues to drive the graphite foil market.

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GRAPHITE FOIL MARKET SHARE

The graphite foil market exhibits strong regional dynamics, with Asia-Pacific leading due to its robust electronics and automotive manufacturing base. North America follows, driven by advancements in renewable energy technologies and aerospace applications. Europe is witnessing growth due to the adoption of sustainable materials and the expansion of EV production. Emerging regions in Latin America and the Middle East are also gaining traction as industries in these areas adopt advanced thermal management solutions. Each region’s unique characteristics contribute to the global expansion of the graphite foil market.

Key Companies:

American ElementsHP Materials SolutionsCGT Carbon GmbHJiangxi Dasen TechnologyUNICHIMTEKGee GraphiteGES-AGMCarraraSpetechHenning Gasket＆SealsKryotherm

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DISCOVER MORE INSIGHTS: EXPLORE SIMILAR REPORTS!

–  High Density Flexible Graphite Foil market was valued at USD 1652 Million in 2023 and is anticipated to reach USD 2393.8 Million by 2030, witnessing a CAGR of 5.3% during the forecast period 2024-2030.

–  Flexible Graphite Foil Market

–  Flexible Expanded Graphite Foil Market was estimated to be worth USD 911.1 Million in 2023 and is forecast to a readjusted size of USD 1149.4 Million by 2030 with a CAGR of 3.5% during the forecast period 2024-2030.

–  Graphite Sheet market is projected to grow from USD 3197.3 Million in 2024 to USD 4484.3 Million by 2030, at a Compound Annual Growth Rate (CAGR) of 5.8% during the forecast period.

–  Flexible Graphite Sheet market is projected to grow from USD 2929.4 Million in 2024 to USD 3664.1 Million by 2030, at a Compound Annual Growth Rate (CAGR) of 3.8% during the forecast period.

–  Synthetic Graphite Sheet market was valued at USD 562 Million in 2023 and is anticipated to reach USD 790.7 Million by 2030, witnessing a CAGR of 5.3% during the forecast period 2024-2030.

–  Flexible Graphite Market

–  Natural and Synthetic Graphite market is projected to grow from USD 977.7 Million in 2024 to USD 1201.9 Million by 2030, at a Compound Annual Growth Rate (CAGR) of 3.5% during the forecast period.

–  Artificial Graphite Market was estimated to be worth USD 2250 Million in 2023 and is forecast to a readjusted size of USD 3496.5 Million by 2030 with a CAGR of 6.5% during the forecast period 2024-2030.

–  Synthetic Thermally Conductive Graphite Sheet market was valued at USD 992.1 Million in 2023 and is anticipated to reach USD 1140.1 Million by 2030, witnessing a CAGR of 2.4% during the forecast period 2024-2030.

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Technology

QuickStart Acquires Career Development Solutions to Accelerate Growth in Government and Enterprise Businesses

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December 12, 2024

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QuickStart has acquired Career Development Solutions (CDS) to expand its IT training capabilities for government and enterprise clients. This partnership leverages CDS’s expertise in workforce development and QuickStart’s AI-powered learning platform to address critical IT skills gaps and support career advancement for individuals and employers.

AUSTIN, Texas, Dec. 12, 2024 /PRNewswire-PRWeb/ — QuickStart, a leader in online IT workforce development, is pleased to announce the acquisition of Career Development Solutions (CDS), a leading provider of IT training to government and enterprise clients.

CDS is a recognized leader in career readiness and workforce training, with extensive expertise in career transition support, employer partnerships, and government funding programs. The acquisition accelerates QuickStart’s already rapidly growing B2G business by adding significant relationships and business in Arizona, California, Nevada, and Utah. Additionally, the CDS team adds depth of B2B experience in helping employers upskill and reskill IT teams across a range of subject areas.

“This acquisition represents an incredible opportunity to combine the strengths of QuickStart and Career Development Solutions, enhancing our ability to deliver impactful training programs that ensure learners are prepared for today’s fast-evolving IT workforce,” said Bryan Kenna, CEO of QuickStart. “Together, we will rapidly expand the solutions we provide to individuals and government and enterprise partners.”

The acquisition enhances QuickStart’s dedication to providing training that addresses individual and employer needs. Leveraging a proprietary AI-powered learning platform, QuickStart develops highly targeted, skills-based career pathways and training plans to close critical digital skills gaps and provide exceptional outcomes for learners and employers.

Ryan Landry, President and Managing Director at Career Development Solutions, stated, “The acquisition of Career Development Solutions into the QuickStart family makes us, overnight, a tech-enabled workforce development ecosystem. We now handle everything from talent development to talent acquisition, providing solutions that truly lower customer costs. It’s an exciting time to be a business leader working with our tools and systems.”

For more information about QuickStart, visit https://www.quickstart.com/

To learn more about Career Development Solutions, visit www.careerdevelopmentsolutions.com

About QuickStart

QuickStart offers IT training for emerging and established professionals in the field. For over 35 years, QuickStart has partnered with IT experts and hiring managers to develop industry-aligned certificate courses and bootcamp training programs. Through online learning tailored to the latest developments in AWS (Amazon Web Services), Cisco, CompTIA, Microsoft Azure, and more, QuickStart empowers entry-level and experienced IT professionals with leading-edge skills for the workforce.

To best prepare students for professional success, QuickStart offers personalized learning plans and career support services, including resume building, coaching, and job search assistance. Students emerge ready to add value to their organizations, improve their earning power, and achieve their professional goals. Follow QuickStart on LinkedIn, Facebook, Instagram, and X.

About Career Development Solutions

Career Development Solutions offers career training programs to better your life. We give students new opportunities through globally recognized career training programs. We provide industry-leading certifications, training preparation, focused career paths, award-winning teachers, and the support you deserve.

Our career development programs match job training with industry-recognized stackable certifications built into our training programs. We create and deliver training programs that focus on in-demand sectors, including Information Technology and Manufacturing, along with closing the Technology Gap that is hindering individuals across our county from gaining employment. For more information, please visit the Career Development Solutions website or follow us on Facebook, LinkedIn, Instagram, and YouTube.

Media Contact

Imelda Wistey, QuickStart Learning, 1 (855) 800-8240, quickstart@quickstart.com, https://www.quickstart.com

View original content:https://www.prweb.com/releases/quickstart-acquires-career-development-solutions-to-accelerate-growth-in-government-and-enterprise-businesses-302329970.html

SOURCE QuickStart Learning

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Technology

ImageSource, Inc. Reinvigorates Executive Team

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41 minutes ago

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December 12, 2024

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ImageSource, Inc. Promotes Phong Hoang to Chief Product Officer

OLYMPIA, Wash., Dec. 12, 2024 /PRNewswire/ — ImageSource, Inc., the manufacturer of ILINX, the world’s most flexible process-improvement platform, is proud to announce the promotion of Phong Hoang to Chief Product Officer. Previously serving as Vice President of Software Development, Phong has been instrumental in shaping ILINX software into a premier enterprise process-improvement platform.

Since joining ImageSource in 2006, Phong has led the evolution of the platform through the ILINX software development lifecycle—including design, development, and testing—fostering a culture of innovation and technical excellence. Under his leadership, the ILINX platform has grown from its initial concept of point solution to fill third-party software gaps to a robust suite of software modules that drive efficiency and transformation for customers across industries.

“Phong’s vision and leadership have been pivotal to the evolution of ILINX as a flexible, scalable solution for modern business challenges,” said Terry Sutherland, CEO of ImageSource. “His ability to inspire and direct development teams has been key to our platform’s success and global adoption.”

Phong brings a wealth of technical expertise to his role, holding a Bachelor of Science in Computer Science from California State University, Long Beach. His background includes proficiency in C#/.NET, Java, C++, Web Service, and Windows Installer, as well as valuable industry experience at Kofax, Microsoft, and Pierce County before joining ImageSource.

As Chief Product Officer, Phong will continue to guide the future of the ILINX platform, ensuring its capabilities align with emerging market needs and deliver transformative outcomes for ImageSource customer-partners.

About ImageSource
ImageSource, Inc. makes process innovation easy with advanced solutions built on ILINX®, the world’s most flexible process-improvement platform, delivered by a team of experts committed to customer-partner success. Leveraging proven technology and deep implementation expertise, ImageSource empowers leading enterprises and government organizations to reduce risk, modernize operations, unlock revenue, and transform the customer experience. For more information, visit www.imagesourceinc.com, or call (360) 943-9273.

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SOURCE ImageSource, Inc.

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Technology

VANTIS VASCULAR CLOSES $10M IN SERIES B-1 PREFERRED FINANCING

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December 12, 2024

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Funds will be used to initiate US commercialization of its CrossFAST™ Integrated Microcatheter Advanced Delivery System

SAN JOSE, Calif., Dec. 12, 2024 /PRNewswire/ — Vantis Vascular, Inc., a pioneering medical technology company founded by physicians with a passion to revolutionize vascular interventions, today announced the successful closing of $10 million Series B-1 preferred financing, following a raise of $30 million to date from high-net-worth individuals and National Institute of Health grants.

The CrossFAST Advanced Delivery System is commercially available in the US as part of a limited market release.

“We are proud to have the ongoing support of a strong group of investors who share our vision of transforming how complex interventional procedures are performed,” said Jason Turner, Chief Executive Officer at Vantis Vascular. “This funding is a critical milestone for Vantis and will allow us to continue our ongoing product development efforts, expand our team and initiate US commercialization of the CrossFAST Advanced Delivery System for complex high-risk PCI procedures.”

The CrossFAST System is the first and only dual monorail microcatheter advanced delivery system purpose-built for complex coronary and peripheral interventions. Unlike guide extension catheters, which have limited ability to reach targeted areas in high-risk PCIs and demonstrated risk of vessel trauma and damage to previously placed stents, the CrossFAST Advanced Delivery System incorporates an integrated microcatheter with a seamless transition to lower the risk of these adverse events during catheter delivery. The CrossFAST System is powered by DuoPRO™ Interlocking Technology, a novel mechanism coupling the microcatheter to the outer delivery catheter, allowing the system to be advanced as one unit for enhanced pushability and efficient navigation, a significant limitation of guide extension catheters, especially in complex high-risk procedures.

“With the completion of this financing, we plan to initiate the limited market release of the CrossFAST System in the United States,” commented Gary McCord, Chief Commercial Officer at Vantis Vascular. “We are confident that CrossFAST can safely navigate calcified and tortuous anatomy with ease, empowering physicians to deliver life-saving therapies to patients more effectively than ever before.”

The CrossFAST Integrated Microcatheter Advanced Delivery System is commercially available in the United States as part of a limited market release. Full market release is planned in 2025.

About Vantis Vascular:

Vantis Vascular, Inc. is a medical technology company dedicated to revolutionizing vascular interventions. Founded by physicians, Vantis develops performance-driven technologies that aim to provide faster, safer and more effective treatments. With a focus on innovation and patient-centric solutions, Vantis is committed to advancing the field of interventional cardiology and improving patient outcomes worldwide.

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SOURCE Vantis Vascular, Inc.

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