Global Graphite Market Value and Growth Projections for 2025 - 2030
The Global Graphite Market size 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. According to MarkNtel Advisors Study.
Global Graphite Market Driver:
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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Key Market Reports Highlights
Market Dimensions & Projections
Pricing Evaluation
Recent Strategic Moves by Companies
Primary Stakeholders
Import/Export Trend Analysis
Competitive Landscape Assessment
Emerging Opportunities
Market Trends and Indicators
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Global Graphite Market Segmentation:
The market report categorizes the market based on different segments and geographical analysis.
Study Timeline:
-Base Year: 2024
-Historical Period: 2020 to 2023
-Forecast Period: 2025 to 2030
- By Product Type
- Natural- Market Size & Forecast 2020-2030, USD Million
- Synthetic- Market Size & Forecast 2020-2030, USD Million
- 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
- 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
Competitive Landscape
With strategic initiatives, such as mergers, collaborations, and acquisitions, the leading market companies, including - 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., and others are looking forward to strengthening their market positions.
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From smart sample selection and reliable data collection to in-depth analysis and precise forecasting, our process is designed to minimize error and maximize impact.
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