Graphite Market - Forecasts from 2025 to 2030

The global graphite market is projected to surge at a CAGR of 9.41% from a market size of US$15.90 billion in 2025 to US$24.93 billion by the end of 2030.

Graphite appears as black crystal flakes and masses, characterized by important properties such as high electrical conductivity, thermal stability, and lubricity. These attributes make it suitable for various industrial applications, including lubricants, steelmaking, refractories, and electronics. The demand for graphite is expected to surge in emerging applications like fuel cells and lightweight high-strength composites during the forecast period. Additionally, the increasing adoption of electric vehicles is further driving market growth. China, India, and Brazil are the top three global producers of graphite, with the steel industry being the primary end-user of the global graphite market.

Segmentation of the Global Graphite Market:

The market is categorized by type into natural and synthetic graphite, with synthetic graphite anticipated to hold a significant share in the coming years. In terms of application, it includes lubricants, batteries, writing materials, refractories, nuclear reactors, and graphene sheets. Refractory applications are expected to capture a substantial market share, while batteries are projected to be the fastest-growing application segment due to the increasing use of graphite in lithium-ion batteries. The global graphite market is further segmented by end-user industries, including automotive, energy & power, steel, electronics, aerospace, and others. The steel industry is expected to maintain a significant market share during the forecast period. Geographically, the market is divided into North America, South America, Europe, the Middle East and Africa, and the Asia Pacific region. The Asia Pacific region is predicted to hold a considerable share of the global graphite market throughout the forecast period.

Geographical Outlook of the Global Graphite Market:

Developing regions are also expected to play a significant role in the adoption of electric vehicles (EVs). For instance, China aims for approximately 12% of all vehicles to be electric by the end of 2020. In India, a policy has been established mandating that all vehicles sold should be electric by 2030. According to statistics from the International Energy Agency (IEA), global electric car sales reached around 2.1 million in 2019 and are projected to exceed this figure in subsequent years, potentially increasing the total number of electric cars on the road to approximately 7.2 million. Electric vehicle registrations saw a remarkable 40% year-on-year growth from 2018 to 2019.Overall, as demand for graphite continues to rise due to its diverse applications and the growing emphasis on sustainability and advanced technologies like electric vehicles and renewable energy sources, the global graphite market is poised for significant growth in the coming years.

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Report Coverage:

• Historical data & forecasts from 2022 to 2030
• Growth Opportunities, Challenges, Supply Chain Outlook, Regulatory Framework, Customer Behaviour, and Trend Analysis
• Competitive Positioning, Strategies, and Market Share Analysis
• Revenue Growth and Forecast Assessment of segments and regions including countries
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The Global Graphite Market has been segmented as following:

• By Type
  • Natural
  • Synthetic
• By Application
  • Lubricants
  • Batteries
  • Writing Material
  • Refractory
  • Nuclear Rectors
  • Graphene Sheets
• By End-User
  • Automotive
  • Energy & Power
  • Steel
  • Electronics
  • Aerospace
  • Others
• By Geography
  • North America
    • USA
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Others
  • Europe
    • UK
    • Germany
    • France
    • Spain
    • Others
  • Middle East and Africa
    • UAE
    • Israel
    • Saudi Arabia
    • Others
  • Asia Pacific
    • Japan
    • China
    • India
    • South Korea
    • Thailand
    • Taiwan
    • Others