The global graphite market is on a high-growth trajectory and is expected to reach US$ 39,698.2 million by 2031, up from US$ 17,718.4 million in 2024, growing at a CAGR of 12.4% from 2025 to 2031, according to the latest report by Business Market Insights.
This growth is driven by increasing demand from industries such as electric vehicles (EVs), energy storage, metallurgy, and aerospace, where graphite—particularly synthetic graphite—plays a crucial role due to its superior properties.
Key Highlights of the Graphite Market Report
- Forecast Period: 2025–2031
- Base Year: 2024
- CAGR: 12.4%
- Key Segment: Synthetic Graphite leads due to its application in lithium-ion batteries.
- Top Applications: EV batteries, renewable energy systems, aerospace, steel manufacturing.
Leading Graphite Market Players
The report provides a detailed analysis of major players operating in the graphite industry, covering their market share, product portfolios, pricing structures, and company profiles. These insights are vital for industry professionals to understand the competitive landscape and develop actionable strategies.
Key Players Include:
- SGL Carbon
- Imerys Graphite & Carbon
- EuroGraphite
- Graphite India Ltd.
- Graphit Kropfmühl GmbH
- China Graphite Group Limited
- Ceylon Graphite Corp
- Graphite Central
- Nanjing GRF Carbon Material Co Ltd
Market Insights: Natural vs. Synthetic Graphite
The graphite market is segmented by type into natural graphite and synthetic graphite. In 2024, the synthetic graphite segment dominated due to its:
- High thermal and electrical conductivity
- Low impurity levels
- Strong chemical resistance
- Essential role in lithium-ion battery production
As the global electric vehicle and renewable energy sectors expand rapidly, the demand for synthetic graphite is expected to surge, especially for battery anodes.
Analytical Tools Used
The report includes:
- Executive Summary & Global Economic Outlook
- Porter’s Five Forces Analysis
- PESTLE Analysis
- PLC (Product Life Cycle) Analysis
- Market Dynamics, Trends, and Challenges
These tools provide a strategic view of the market, offering actionable insights for business development, investment planning, and market entry strategies.
Why This Report Matters
This in-depth research offers reliable, data-driven insights and practical case studies for stakeholders across the graphite supply chain. From material suppliers to investors and EV manufacturers, this report serves as a comprehensive tool to navigate the evolving graphite landscape.
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