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November 2020 / 15 partnerships) that mine graphite and its compounds that are used in refractory materials, the chemicals and nuclear industries, electrical applications, and mechanical appli- cations. Most natural graphite is mined and contains other minerals, which means separating the graph- ite requires further processing. The material is a good conductor of heat and electricity and has uses in brake linings, foundry operations, refractory applications, and steel- making. According to the report Graphite Market — by Type of Prod- uct (Flake Graphite, and Non-Flake Graphite), and by Region, Opportuni- ties, and Strategies — Global Forecast to 2022 by The Business Research Company, the flake graphite mar- ket was the largest graphite market segment in 2018 at 86.1 percent or to increase in value by 2.8 percent and reach a value 1.3 times greater than roller conveyors by the end of 2020. Geographically, East Asia is expected to emerge as the fast- est-growing conveyor sprockets market, reaching a worth of $160 million by the end of 2030. In the packaging and warehouse dis- tribution segment, the market is expected to grow by a 2.5 percent CAGR or $52 million. For more info and to purchase a copy of the report for $4,500, visit www.factmr.com. Graphite market expected to expand with greater use in battery applications The global forecast for graphite includes the sale of natural graph- ite and its compounds by entities (organizations, sole traders, and MARKETS UPDATE Report predicts conveyor sprockets market to reach $940 million by 2030 The conveyor sprockets market is expected to reach a value of $940 million by 2030, hampered in part by the COVID-19 pandemic, which is having an impact on manufac- turing as a whole. This is according to the report Conveyor Sprockets Market Forecast, Trend, Analysis & Competition Tracking — Global Mar- ket Insights 2020 to 2030 by Fact.MR, a market research company. The sprocket market helps the indus- trial automation market, which has been growing in recent years. The automotive, electronics, and food and beverage industries are some of the industries that are adopting automation. Also, the integration of technologies with material han- dling systems is part of a global trend in the conveying system uses. Plastic sprockets are also being used in several industries, including in power transmission drive applications. However, the COVID-19 pandemic has been impacting automobile, industrial equipment, and food and beverage manufacturing because of lock- downs. These actions are affecting the global demand for conveying systems and therefore conveyor sprockets. The report predicts that the pandemic will continue to impact the market through 2020, but industrial automation demands will propel market growth during the forecast period. According to the report, the global conveyor sprockets market is projected to witness growth at a 3.3 percent compound annual growth rate (CAGR) to create an opportunity of more than $260 mil- lion by 2030. In terms of product, roller chain sprockets are projected Houston Vibrator has the industrial vibrators you need to keep your plant on, and your materials flowing. Pneumaacs, Electrics, Linear, Rotary...Give us a call for tough reliable vibrators that won't let you (or your plant) down. www.HoustonVibrator.com sales@HoustonVibrator.com 800-320-4044 | +713-939-0404 don't get caught plant down. with your