Graphite Industry Trends & Forecast: Market Outlook to 2030

Overview of the Graphite Market

This market research report offers detailed market analysis, industry insights, and growth forecasts for theGraphite industry. It includes qualitative and quantitative research, competitive intelligence, and key market trends. Designed to support strategic planning, the report covers market segmentation, share data, and emerging opportunitiesideal for businesses, investors, and analysts seeking reliable data to inform decisions and understand the competitive landscape.

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Scope of the Report

• Market size and revenue (current & projected)
• Growth trends backed by real data
• Competitive landscape and whos leading
• Opportunities and threats worth noting

Key Findings and Insights Market Size and Growth

TheGlobal Graphite Marketsize was valued at aroundUSD 17.18 billion in 2024and is projected to reachUSD 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.

Key Factors Driving Growth

Growing Demand from Lithium-Ion Battery Manufacturers Various industries such as; EV makers,smartphonecompanies, 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.

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Graphite Market Segmentation Insight (2025-30)

By Product Type

• Natural- Market Size & Forecast 2020-2030, USD Million
• Synthetic- Market Size & Forecast 2020-2030, USD Million

Synthetic graphite is the most widely used type of graphite. This segment holds around 70% market share.

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

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

By Region

• North America
• South America
• Europe
• The Middle East & Africa
• Asia-Pacific

Regionally, Asia-Pacific is the major shareholder of the graphite market due to its high production and consumption capacity.

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Notable Industry Key Players

Get detailed profiles and strategic insights on major companies shaping the market, including:

• Break down the market into key segments such as:
• 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.

Request Methodology

• Robust methodology ensures accuracy and minimizes forecast deviations.
• Top-down and bottom-up analysis for precise market segmentation.
• Multi-angle data triangulation enhances reliability of insights.
• Expert-led primary research through surveys, interviews, and more.
• Predictive modeling delivers forward-looking market intelligence.

Key Questions Answered in This Market Research Report

• What is the current market size and total valuation?
• How fast is the market expected to grow in the coming years?
• What are the latest trends influencing the market?
• Which factors are driving or restraining market growth?
• How is the market segmented and geography?
• Who are the key players and what strategies are they adopting?
• What does the competitive landscape look like?
• Which regions offer the highest growth opportunities?
• What opportunities and challenges should stakeholders prepare for?

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