Graphite Market
Graphite Market Forecasts to 2030 - Global Analysis by Type (Natural Graphite and Synthetic Graphite), Form (Powder, Granules, Blocks and Other Forms), Application, End User and By Geography
|
Years Covered |
2022-2030 |
|
Estimated Year Value (2024) |
US $7.8 BN |
|
Projected Year Value (2030) |
US $13.009 BN |
|
CAGR (2024 - 2030) |
8.9% |
|
Regions Covered |
North America, Europe, Asia Pacific, South America, and Middle East & Africa |
|
Countries Covered |
US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa |
|
Largest Market |
North America |
|
Highest Growing Market |
Asia Pacific |
According to Stratistics MRC, the Global Graphite Market is accounted for $7.8 billion in 2024 and is expected to reach $13.009 billion by 2030 growing at a CAGR of 8.9% during the forecast period. Graphite is a naturally occurring form of crystalline carbon known for its high conductivity, lubricity, and heat resistance. It exists in both natural and synthetic forms, with natural graphite mined from deposits and synthetic graphite produced from carbon-rich materials. Graphite is widely used in lithium-ion batteries as an anode material, in steelmaking for electric arc furnace electrodes, and in refractories for high-temperature applications. It also serves as a lubricant, a component in brake linings, and a thermal management material in electronics.
According to the International Energy Agency (IEA), the number of electric vehicles on the road is expected to reach 145 million by 2030, up from 11 million in 2020.
Market Dynamics:
Driver:
Rising Demand for Lithium-Ion Batteries
The increasing demand for lithium-ion batteries is considerably driving the graphite market, as graphite is the major material used in battery anodes. The need for high-purity graphite is only increasing due to the quick growth of consumer electronics, renewable energy storage, and electric vehicles (EVs). Graphite mining, refinement, and synthetic graphite production are being driven by this increase in demand. Governments and businesses are also investing in battery supply chains, which increases the need for graphite and promotes research into cutting-edge battery technologies and environmentally friendly graphite sourcing.
Restraint:
Environmental Concerns and Regulations
Environmental issues and tight restrictions impede the graphite market by raising manufacturing costs, limiting resource extraction, and regulating supply chain operations. Mining and processing are impacted by stricter emission standards and sustainability requirements, which result in operational delays and lower profitability. Further impeding industry expansion and competition are governmental restrictions on carbon emissions and trash disposal, which limits market expansion.
Opportunity:
Advancements in Graphene Technology
Advances in graphene technology are propelling the market by increasing demand for high-purity graphite, a critical raw material in graphene synthesis. Innovations in electronics, energy storage, composites, and coatings are being fueled by graphene's exceptional strength, conductivity, and lightweight characteristics. High-quality graphite is becoming more and more necessary as businesses use graphene for high-performance materials, flexible screens, and supercapacitors. In order to fulfill the increasing market demand, investments in mining, refining, and synthetic manufacture are encouraged, which raises the value of graphite.
Threat:
Supply Chain Constraints
Supply chain constraints in the graphite industry stifle growth by resulting in raw material shortages, production delays, and higher costs. The availability of graphite is impacted by mining, transportation, and processing disruptions, which have an effect on sectors like electronics, steel, and EV batteries. Supply problems are made worse by export restrictions and geopolitical instability. These limitations affect market stability and long-term planning by causing price volatility and compelling businesses to look for alternate sources.
Covid-19 Impact
The COVID-19 pandemic disrupted the graphite market in the Asia-Pacific region by causing supply chain bottlenecks, reduced mining activities, and declining industrial demand. Lockdowns impacted EV production and steel manufacturing, key graphite-consuming sectors. However, post-pandemic recovery, increasing demand for lithium-ion batteries, and government initiatives for clean energy boosted market growth, stabilizing supply chains and driving renewed investments in graphite production and processing.
The Lubricants segment is expected to be the largest during the forecast period
The Lubricants segment is expected to account for the largest market share during the forecast period, due to graphite’s excellent lubricity, thermal stability, and resistance to extreme pressures. Graphite-based lubricants are widely used in industrial machinery, automotive applications, and high-temperature environments where conventional oils fail. The growing demand for dry and solid lubricants, especially in metalworking, mining, and aerospace, boosts graphite consumption. Additionally, advancements in environmentally friendly lubricants further propel demand, thereby supporting market growth.
The metallurgy segment is expected to have the highest CAGR during the forecast period
Over the forecast period, the metallurgy segment is predicted to witness the highest growth rate, as graphite electrodes are essential in electric arc furnaces (EAFs) for high-temperature steel production, increasing demand as the steel industry shifts toward electric-based processes. Additionally, graphite’s heat resistance and lubricating properties make it crucial in refractories, molds, and crucibles. With growing industrialization and infrastructure development, the need for high-quality steel and alloys continues to rise, further boosting the demand for graphite in metallurgy.
Region with largest share:
During the forecast period, the North America region is expected to hold the largest market share because of the growing need for lithium-ion batteries in energy storage systems. The need for graphite electrodes in electric arc furnaces is also fueled by the region's growing steel sector. Furthermore, government programs promoting sustainable energy and homegrown graphite production lessen dependency on imports. Market expansion is further aided by developments in graphene-based applications. The market for graphite in high-tech and industrial applications in North America is expected to grow steadily due to rising investments in sustainable technology.
Region with highest CAGR:
Over the forecast period, the Asia Pacific region is anticipated to exhibit the highest CAGR, owing to demand from the electric vehicle (EV) industry. Rapid industrialization, urbanization, and the growing steel sector further boost demand, as graphite is essential in refractories and foundries. China, a dominant producer, influences global supply dynamics, while rising investments in advanced battery technologies enhance market growth. Additionally, government initiatives promoting renewable energy and energy storage solutions contribute to the expanding graphite industry.
Key players in the market
Some of the key players profiled in the Graphite Market include AMG, Focus Graphite, GrafTech International Ltd., Graphite India Limited, HEG Limited, Mason Resources Inc., Mersen Group, Mitsubishi Chemical Group Corporation., NextSource Materials, Nippon Carbon Co Ltd., Northern Graphite Corp., Nouveau Monde Graphite, NOVONIX Limited, Resonac Holdings Corporation, SGL Carbon, Syrah Resources Limited, Talga Group, Tokai Carbon Co., Ltd., Toyo Tanso Co., Ltd. and Triton Mineral Limited.
Key Developments:
In July 2024, Neste and Mitsubishi Corporation have agreed to establish a strategic partnership focusing on developing value chains for renewable chemicals and plastics for and with Japanese brands.
In June 2024, Technip Energies and Mitsubishi Chemical Corporation, announced that they are licensing an improved OXO alcohol technology, named ‘OXO M-Process’. OXO alcohols are used as solvents in chemical manufacturing.
In April 2022, Origin Materials, Inc., and Mitsubishi Chemical Holdings Group (MCHG), announced a partnership to develop advanced chemicals and materials built on Origin Materials’ patented technology platform.
Types Covered:
• Natural Graphite
• Synthetic Graphite
Forms Covered:
• Powder
• Granules
• Blocks
• Other Forms
Applications Covered:
• Refractories
• Batteries
• Foundry
• Lubricants
• Electrodes
• Composites & Polymers
• Other Applications
End Users Covered:
• Metallurgy
• Automotive & Transportation
• Electronics & Electricals
• Aerospace & Defense
• Construction
• Other End Users
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 End User Analysis
3.8 Emerging Markets
3.9 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Graphite Market, By Type
5.1 Introduction
5.2 Natural Graphite
5.2.1 Flake Graphite
5.2.2 Amorphous Graphite
5.2.3 Vein (Lump) Graphite
5.3 Synthetic Graphite
5.3.1 Graphite Electrode
5.3.2 Carbon Fiber
5.3.3 Graphite Blocks
6 Global Graphite Market, By Form
6.1 Introduction
6.2 Powder
6.3 Granules
6.4 Blocks
6.5 Other Forms
7 Global Graphite Market, By Application
7.1 Introduction
7.2 Refractories
7.3 Batteries
7.4 Foundry
7.5 Lubricants
7.6 Electrodes
7.7 Composites & Polymers
7.8 Other Applications
8 Global Graphite Market, By End User
8.1 Introduction
8.2 Metallurgy
8.3 Automotive & Transportation
8.4 Electronics & Electricals
8.5 Aerospace & Defense
8.6 Construction
8.7 Other End Users
9 Global Graphite Market, By Geography
9.1 Introduction
9.2 North America
9.2.1 US
9.2.2 Canada
9.2.3 Mexico
9.3 Europe
9.3.1 Germany
9.3.2 UK
9.3.3 Italy
9.3.4 France
9.3.5 Spain
9.3.6 Rest of Europe
9.4 Asia Pacific
9.4.1 Japan
9.4.2 China
9.4.3 India
9.4.4 Australia
9.4.5 New Zealand
9.4.6 South Korea
9.4.7 Rest of Asia Pacific
9.5 South America
9.5.1 Argentina
9.5.2 Brazil
9.5.3 Chile
9.5.4 Rest of South America
9.6 Middle East & Africa
9.6.1 Saudi Arabia
9.6.2 UAE
9.6.3 Qatar
9.6.4 South Africa
9.6.5 Rest of Middle East & Africa
10 Key Developments
10.1 Agreements, Partnerships, Collaborations and Joint Ventures
10.2 Acquisitions & Mergers
10.3 New Product Launch
10.4 Expansions
10.5 Other Key Strategies
11 Company Profiling
11.1 AMG
11.2 Focus Graphite
11.3 GrafTech International Ltd.
11.4 Graphite India Limited
11.5 HEG Limited
11.6 Mason Resources Inc.
11.7 Mersen Group
11.8 Mitsubishi Chemical Group Corporation.
11.9 NextSource Materials
11.10 Nippon Carbon Co Ltd.
11.11 Northern Graphite Corp.
11.12 Nouveau Monde Graphite
11.13 NOVONIX Limited
11.14 Resonac Holdings Corporation
11.15 SGL Carbon
11.16 Syrah Resources Limited
11.17 Talga Group
11.18 Tokai Carbon Co., Ltd.
11.19 Toyo Tanso Co., Ltd.
11.20 Triton Mineral Limited
List of Tables
1 Global Graphite Market Outlook, By Region (2022-2030) ($MN)
2 Global Graphite Market Outlook, By Type (2022-2030) ($MN)
3 Global Graphite Market Outlook, By Natural Graphite (2022-2030) ($MN)
4 Global Graphite Market Outlook, By Flake Graphite (2022-2030) ($MN)
5 Global Graphite Market Outlook, By Amorphous Graphite (2022-2030) ($MN)
6 Global Graphite Market Outlook, By Vein (Lump) Graphite (2022-2030) ($MN)
7 Global Graphite Market Outlook, By Synthetic Graphite (2022-2030) ($MN)
8 Global Graphite Market Outlook, By Graphite Electrode (2022-2030) ($MN)
9 Global Graphite Market Outlook, By Carbon Fiber (2022-2030) ($MN)
10 Global Graphite Market Outlook, By Graphite Blocks (2022-2030) ($MN)
11 Global Graphite Market Outlook, By Form (2022-2030) ($MN)
12 Global Graphite Market Outlook, By Powder (2022-2030) ($MN)
13 Global Graphite Market Outlook, By Granules (2022-2030) ($MN)
14 Global Graphite Market Outlook, By Blocks (2022-2030) ($MN)
15 Global Graphite Market Outlook, By Other Forms (2022-2030) ($MN)
16 Global Graphite Market Outlook, By Application (2022-2030) ($MN)
17 Global Graphite Market Outlook, By Refractories (2022-2030) ($MN)
18 Global Graphite Market Outlook, By Batteries (2022-2030) ($MN)
19 Global Graphite Market Outlook, By Foundry (2022-2030) ($MN)
20 Global Graphite Market Outlook, By Lubricants (2022-2030) ($MN)
21 Global Graphite Market Outlook, By Electrodes (2022-2030) ($MN)
22 Global Graphite Market Outlook, By Composites & Polymers (2022-2030) ($MN)
23 Global Graphite Market Outlook, By Other Applications (2022-2030) ($MN)
24 Global Graphite Market Outlook, By End User (2022-2030) ($MN)
25 Global Graphite Market Outlook, By Metallurgy (2022-2030) ($MN)
26 Global Graphite Market Outlook, By Automotive & Transportation (2022-2030) ($MN)
27 Global Graphite Market Outlook, By Electronics & Electricals (2022-2030) ($MN)
28 Global Graphite Market Outlook, By Aerospace & Defense (2022-2030) ($MN)
29 Global Graphite Market Outlook, By Construction (2022-2030) ($MN)
30 Global Graphite Market Outlook, By Other End Users (2022-2030) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
Frequently Asked Questions
In case of any queries regarding this report, you can contact the customer service by filing the “Inquiry Before Buy” form available on the right hand side. You may also contact us through email: info@strategymrc.com or phone: +1-301-202-5929
Yes, the samples are available for all the published reports. You can request them by filling the “Request Sample” option available in this page.
Yes, you can request a sample with your specific requirements. All the customized samples will be provided as per the requirement with the real data masked.
All our reports are available in Digital PDF format. In case if you require them in any other formats, such as PPT, Excel etc you can submit a request through “Inquiry Before Buy” form available on the right hand side. You may also contact us through email: info@strategymrc.com or phone: +1-301-202-5929
We offer a free 15% customization with every purchase. This requirement can be fulfilled for both pre and post sale. You may send your customization requirements through email at info@strategymrc.com or call us on +1-301-202-5929.
We have 3 different licensing options available in electronic format.
- Single User Licence: Allows one person, typically the buyer, to have access to the ordered product. The ordered product cannot be distributed to anyone else.
- 2-5 User Licence: Allows the ordered product to be shared among a maximum of 5 people within your organisation.
- Corporate License: Allows the product to be shared among all employees of your organisation regardless of their geographical location.
All our reports are typically be emailed to you as an attachment.
To order any available report you need to register on our website. The payment can be made either through CCAvenue or PayPal payments gateways which accept all international cards.
We extend our support to 6 months post sale. A post sale customization is also provided to cover your unmet needs in the report.
Request Customization
We provide a free 15% customization on every purchase. This requirement can be fulfilled for both pre and post sale. You may send your customization requirements through email at info@strategymrc.com or call us on +1-301-202-5929.
Note: This customization is absolutely free until it falls under the 15% bracket. If your requirement exceeds this a feasibility check will be performed. Post that, a quote will be provided along with the timelines.
WHY CHOOSE US ?
Assured Quality
Best in class reports with high standard of research integrity
24X7 Research Support
Continuous support to ensure the best customer experience.
Free Customization
Adding more values to your product of interest.
Safe & Secure Access
Providing a secured environment for all online transactions.
Trusted by 600+ Brands
Serving the most reputed brands across the world.
