MarkNtel Advisors recently published a detailed industry analysis of the Graphite Market. The report covers growth trends, geographical marketing strategies, challenges, opportunities, and drivers influencing the market.
Graphite Market Size, Share, and Trends Analysis Report – Industry Overview and Forecast to 2030
The Graphite Market size was valued at around USD 17.18 billion in 2024 and is projected to reach USD 23 billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 5% during the forecast period, i.e. 2025-30.
What are the major Driver the Graphite industry?
Growing Demand from Lithium-Ion Battery Manufacturers – Various industries such as; EV makers, smartphone companies, etc., are gaining high growth. As there is a high need for lithium batteries in their work, the demand for graphite is also continuously increasing as it is used in most of the batteries in making anode. The demand for electric vehicles is continuously increasing as they help meet emissions goals and are also cheap to run. For instance, according to government VAHAN data, in India, the registration of EVs is experiencing about 23% year-on-year growth, and approximately 1,59,000 EVs were registered in September 2024.
Moreover, LiBs are also used in daily use tech products such as; smartphones, watches, laptops, etc. Hence, due to increasing sales of such products, the demand for Graphite also increases to manufacture robust batteries. For instance, as per a GSMA report, around 4.3 billion people own a smartphone. Therefore, due to the high demand for LiBs in various applications, the demand for Graphite has seen significant growth in historical years and this trend is expected to continue in forthcoming years as well.
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What segments define the Graphite market from 2025 to 2030? How do these segments contribute to market dynamics and growth?
- By Product Type
- Natural- Market Size & Forecast 2020-2030, USD Million
- Synthetic- Market Size & Forecast 2020-2030, USD Million
According to report, Synthetic graphite is the most widely used type of graphite.
- By Application
- Refractories- Market Size & Forecast 2020-2030, USD Million
- Electrodes- Market Size & Forecast 2020-2030, USD Million
- Foundries- Market Size & Forecast 2020-2030, USD Million
- Batteries- Market Size & Forecast 2020-2030, USD Million
- Others (Lubricants, etc.)- Market Size & Forecast 2020-2030, USD Million
According to report, Based on the application, batteries are expected to hold the largest volume share of graphite in the upcoming years.
- By End-User
- Metallurgy- Market Size & Forecast 2020-2030, USD Million
- Electronic- Market Size & Forecast 2020-2030, USD Million
- Automotive- Market Size & Forecast 2020-2030, USD Million
- Others- Market Size & Forecast 2020-2030, USD Million
Explore the Complete Graphite Market Analysis Report – https://www.marknteladvisors.com/research-library/graphite-market.html
Geographical Analysis: Graphite Market
- North America
- South America
- Europe
- The Middle East & Africa
- Asia-Pacific
Graphite Market Share & Competitive Landscape:
The Graphite Market is characterized by intense competition, with several key players driving growth through innovation, market expansion, and strategic investments. The competitive landscape provides valuable insights into the industry’s leading companies, highlighting their strengths, financial performance, and market influence.
Leading Companies in the Graphite Market are:
- AMG Advanced Metallurgical Group NV
- Asbury Carbons
- Eagle Graphite
- EPM Group
- Grafitbergbau Kaisersberg GmbH
- GrafTech International Ltd.
- Graphite India Limited (GIL)
- Imerys S.A.
- Nacional de Grafite
- Northern Graphite Corporation
- SGL Carbon SE
- TOYO TANSO CO., LTD.
- Triton Minerals Ltd.
- Nippon Carbon Company Ltd.
- Mason Resources Inc.
Graphite Industry Recent Development:
- 2024: Northern Graphite Corporation integrates with Rain Carbon to jointly develop natural graphite for the anode in batteries. The aim is to develop batteries that have an extended life cycle, less electrode swelling, and faster charging speed.
- 2023: Graphite India Limited (GIL) acquired about 31% equity of GODI India, a battery technology company, with an investment of approximately USD 6 million. This integration aims to use GODI’s battery technologies and expand as advanced battery and storage system technologies.
Questions Addressed in this Study
1.What factors are driving the Graphite Market growth?
2.How is the Graphite Market expected to grow over the next five years?
3.What are the key insights into the current trends in the Graphite Market?
4.What is the current size of the Graphite Market, and how is it projected to change in the future?
6.What is the future outlook for the Graphite Market in terms of technological advancements and market expansion?
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Why MarkNtel Advisors?
MarkNtel Advisors is a leading research, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.
Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.
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