
Global Graphite Market Research Report: Forecast (2025-2030)
Graphite Market - By Product Type (Natural, Synthetic), By Application (Refractories, Electrodes, Foundries, Batteries, Others), By End-User (Metallurgy, Electronic, Automotive) an...d Others Read more
- Chemicals
- Dec 2024
- 184
- PDF, Excel, PPT
Market Definition
Graphite is a naturally present and most stable form of carbon as it is usually formed between rocks. Graphite has a combined set of properties from both metals & non-metals. Therefore, Graphite is used in everyday items like pencils, and also in industrial applications such as batteries, steel production, and processes involving operations at high temperatures.
Market Insights & Analysis: Global Graphite Market (2025-30):
The Global 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. The main reason behind this growth is the advanced properties offered by graphite such as allowing high electric flow, high melting point, low friction, etc. that makes it the most suitable element for various industrial applications such as in batteries, steel making, refractory material, as dry machine lubricant, etc.
Report Coverage | Details |
---|---|
Historical Years | 2020-23 |
Base Years
|
2024
|
Forecast Years
|
2025-30
|
Market Value in 2024 | USD 17.18 Billion |
Market Value in 2030 | USD 23 Billion |
CAGR (2025-30) | 5% |
Leading Region | Asia-Pacific |
Top Key Players | 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 |
Key Report Highlights |
|
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Moreover, investments are made by electric vehicle manufacturers to expand their production and meet the growing need for sustainable vehicles. The EVs use Lithium-ion batteries to run the engine and most of these batteries use Graphite to make anode. As there is no other substitute for graphite in these batteries, the increasing number of EVs increases the demand for Graphite as well. For instance, in 2024, Volkswagen collaborated with Rivian to share key technologies to meet the growing demand for EVs by providing affordable and sustainable transport solutions. The deal was worth around USD 5.8 billion. Additionally, Graphite is used in brake shoes and brake lining as well which further increases the demand for Graphite with the growing demand for EVs.
Furthermore, high sales and investments received by various tech manufacturing companies enable them to expand their production. As a result, the production of semiconductors and LiBs will also increase as they are used in various tech products such as phones, watches, tablets, OLED screens, power banks, etc. This further increases the demand for high-quality graphite as it is used in semiconductors and LiBs. For instance, in 2024, Samsung invested around USD 1.8 billion in setting up a plant in Vietnam. The facility was established to increase the production of OLED screens. Therefore, due to the suitable physical and chemical properties of graphite, it is highly used in various industries and this trend is expected to continue in the future as well thus pushing the market on the trajectory of growth.

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.
Global Graphite Market Opportunity:
Growing Concerns Regarding Clean Environment – Various countries are setting sustainability goals with the aim of reducing carbon emissions into the environment and ensuring a clean future. As a result, the demand for electric vehicles will also experience a significant increase as they do not emit carbon in nature. Hence, as these EVs run on batteries, the demand for graphite will increase as it is the main component in batteries.
Moreover, graphite is also used in the production of green steel. Electrolysis is performed during the production of green steel as this process does not emit CO2 and graphite is used as electrodes in such processes. Therefore, due to the sustainability goals set by various countries, graphite can provide lucrative growth opportunities in industries such as batteries and steel production.
Global Graphite Market Challenge:
Disturbance in Supply Chain Hindering Market Growth – A lot of countries depend on sourcing graphite from other countries such as China as it is the most prominent producer of graphite with more than 60% shareholder of the global graphite production. Hence, various reasons such as political instability, changes in trade regulations & restrictions, trade conflicts, etc. can cause a disturbance in the trade of graphite and affect the global prices of graphite. This could affect the inventories of various dependent industries such as EV manufacturers, battery manufacturers, etc. as they might face challenges in diversifying their sources of import. As a result, these industries will seek some alternate element or focus on recycling technologies to reuse the graphite. Therefore, the disturbance in the supply of graphite can increase global prices and limit market growth.
Global Graphite Market Trend:
Graphite’s Foray into Aerospace Industry – The use of graphite has been discovered in various applications of the aerospace industry, mainly for manufacturing lightweight parts such as wings of aircraft to reduce overall weight and ensure fuel efficiency. Besides this, it is also used in making rocket nozzles, fuel pumps, bushings, bearings, rotary vanes, etc. Additionally, it is also used in making corrosion-free engine components. As a result, the leading aircraft manufacturers worldwide are increasingly investing in graphite-based composites for their operations. For instance, in 2022, NASA announced its new project Hi-Rate Composite Aircraft Manufacturing (HiCAM), which aimed to manufacture large aircraft components, like aircraft wings and fuselages, from composite materials such as graphite at a higher rate of speed as compared to that of aircraft made from metallic materials and in 2024, around 22 aerospace organizations have joined NASA to support this project. Therefore, the support of such aerospace organizations shows the inclination towards the usage of Graphite in this sector.
Global Graphite Market (2025-30): Segmentation Analysis
The Global Graphite Market study of MarkNtel Advisors evaluates & highlights the major trends and influencing factors in each segment. It includes predictions for the period 2025–2030 at the global level. Based on the analysis, the market has been further classified as:
Based on Type
- Natural
- Synthetic
Synthetic graphite is the most widely used type of graphite. This segment holds around 70% market share. This is because of the advanced properties offered by it as compared to natural graphite such as high purity, more support to the flow of heat & electricity, better resistance to corrosion, etc. All these properties make it an ideal choice for various applications such as electrodes, batteries, steel manufacturing, foundries, refractory material, etc.
Moreover, the power to run Electric Vehicles (EVs) is provided by batteries. These batteries are LiBs that are made using synthetic graphite to ensure long life and fast charging. Additionally, similar batteries are used in daily use products such as laptops, smartphones, smart watches, etc. which further increases the demand for synthetic graphite. Therefore, due to its advanced properties, synthetic graphite is highly used across various industries thus dominating the market.
Based on Application
- Refractories
- Electrodes
- Foundries
- Batteries
- Others
Based on the application, batteries are expected to hold the largest volume share of graphite in the upcoming years. This is because the anode in highly used Lithium-ion Batteries (LiBs) is made up of graphite and there is no alternate present. As per the Europe Carbon & Graphite Association, approximately 95% of anodes are graphite-based. The demand for such batteries is continuously increasing with the rising production and sales of EVs as LiBs are the ideal choice for these vehicles due to their lightweight and robust durability as compared to traditional batteries.
Moreover, LiBs are also used in various daily-use devices such as laptops, smartphones, smart watches, etc., that are widely used in developed and emerging economies such as the US, India, etc. Hence, the continuously rising production & sales of lithium-ion batteries indicate lucrative opportunities for the global graphite market in the coming years.
Global Graphite Market (2025-30): Regional Projections
Geographically, the Global Graphite Market expands across:
- 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. This region holds around 42% of the total global market. For instance, in 2023, China produced about 66% of the batteries that are globally used in electric cars. Additionally, China is the leading country in terms of steel production as it was responsible for about 54% of the total steel produced worldwide in 2023. These steel plants use arc furnaces that are made up of graphite to prevent it from thermal damage thus further showing the high use of graphite. Moreover, India and Japan hold the second and third positions respectively in terms of worldwide steel production. Therefore, due to the high use of graphite in steel plants and manufacturing batteries, Asia-Pacific is the largest shareholder in the market.
Global 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.
Gain a Competitive Edge with Our Global Graphite Market Report
- Global Graphite Market Report by MarkNtel Advisors provides a detailed & thorough analysis of market size & market share, growth rate, competitive landscape, and key players. This comprehensive analysis helps businesses gain a holistic understanding of market dynamics & make informed decisions.
- This report also highlights current market trends & future projections, allowing businesses to identify emerging opportunities & potential challenges. By understanding market forecasts, companies can align their strategies & stay ahead of the competition.
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*Reports Delivery Format - Market research studies from MarkNtel Advisors are offered in PDF, Excel and PowerPoint formats. Within 24 hours of the payment being successfully received, the report will be sent to your email address.
Frequently Asked Questions
- Market Segmentation
- Introduction
- Product Definition
- Research Process
- Assumptions
- Executive Summary
- Global Graphite Market Trends & Developments
- Global Graphite Start-Up Ecosystem
- Global Graphite Market Dynamics
- Drivers
- Challenges
- Global Graphite Market Regulations, Policies & Standards
- Global Graphite Market Hotspot & Opportunities
- Global Graphite Market Outlook, 2020-2030F
- Market Size & Analysis
- By Revenues (USD Million)
- Market Size & Analysis
- 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
- By Competition
- Competition Characteristics
- Market Share Analysis
- By Product Type
- Market Size & Analysis
- North America Graphite Market Outlook, 2020-2030F
- Market Size & Analysis
- By Revenues (USD Million)
- By Volume (Tons)
- Market Size & Analysis
- By Product Type- Market Size & Forecast 2020-2030, USD Million
- By Application- Market Size & Forecast 2020-2030, USD Million
- By End-User- Market Size & Forecast 2020-2030, USD Million
- By Country
- The US
- Canada
- Mexico
- The US Graphite Market, 2020-2030F
- Market Size & Analysis
- By Revenues (USD Million)
- By Volume (Tons)
- Market Size & Analysis
- By Product Type- Market Size & Forecast 2020-2030, USD Million
- By Application- Market Size & Forecast 2020-2030, USD Million
- By End-User- Market Size & Forecast 2020-2030, USD Million
- Market Size & Analysis
- Canada Graphite Market Outlook, 2020-2030F
- Market Size & Analysis
- By Revenues (USD Million)
- By Volume (Tons)
- Market Size & Analysis
- By Product Type- Market Size & Forecast 2020-2030, USD Million
- By Application- Market Size & Forecast 2020-2030, USD Million
- By End-User- Market Size & Forecast 2020-2030, USD Million
- Market Size & Analysis
- Mexico Graphite Market Outlook, 2020-2030F
- Market Size & Analysis
- By Revenues (USD Million)
- By Volume (Tons)
- Market Size & Analysis
- By Product Type- Market Size & Forecast 2020-2030, USD Million
- By Application- Market Size & Forecast 2020-2030, USD Million
- By End-User- Market Size & Forecast 2020-2030, USD Million
- Market Size & Analysis
- Market Size & Analysis
- South America Graphite Market Outlook, 2020-2030F
- Market Size & Analysis
- By Revenues (USD Million)
- By Volume (Tons)
- Market Size & Analysis
- By Product Type- Market Size & Forecast 2020-2030, USD Million
- By Application- Market Size & Forecast 2020-2030, USD Million
- By End-User- Market Size & Forecast 2020-2030, USD Million
- By Country
- Brazil
- Rest of South America
- Brazil Graphite Market Outlook, 2020-2030F
- Market Size & Analysis
- By Revenues (USD Million)
- By Volume (Tons)
- Market Size & Analysis
- By Product Type- Market Size & Forecast 2020-2030, USD Million
- By Application- Market Size & Forecast 2020-2030, USD Million
- By End-User- Market Size & Forecast 2020-2030, USD Million
- Market Size & Analysis
- Market Size & Analysis
- Europe Graphite Market Outlook, 2020-2030F
- Market Size & Analysis
- By Revenues (USD Million)
- By Volume (Tons)
- Market Size & Analysis
- By Product Type- Market Size & Forecast 2020-2030, USD Million
- By Application- Market Size & Forecast 2020-2030, USD Million
- By End-User- Market Size & Forecast 2020-2030, USD Million
- By Country
- The UK
- Germany
- France
- Italy
- Spain
- Rest of Europe
- The UK Graphite Market Outlook, 2020-2030F
- Market Size & Analysis
- By Revenues (USD Million)
- By Volume (Tons)
- Market Size & Analysis
- By Product Type- Market Size & Forecast 2020-2030, USD Million
- By Application- Market Size & Forecast 2020-2030, USD Million
- By End-User- Market Size & Forecast 2020-2030, USD Million
- Market Size & Analysis
- Germany Graphite Market Outlook, 2020-2030F
- Market Size & Analysis
- By Revenues (USD Million)
- By Volume (Tons)
- Market Size & Analysis
- By Product Type- Market Size & Forecast 2020-2030, USD Million
- By Application- Market Size & Forecast 2020-2030, USD Million
- By End-User- Market Size & Forecast 2020-2030, USD Million
- Market Size & Analysis
- France Graphite Market Outlook, 2020-2030F
- Market Size & Analysis
- By Revenues (USD Million)
- By Volume (Tons)
- Market Size & Analysis
- By Product Type- Market Size & Forecast 2020-2030, USD Million
- By Application- Market Size & Forecast 2020-2030, USD Million
- By End-User- Market Size & Forecast 2020-2030, USD Million
- Market Size & Analysis
- Italy Graphite Market Outlook, 2020-2030F
- Market Size & Analysis
- By Revenues (USD Million)
- By Volume (Tons)
- Market Size & Analysis
- By Product Type- Market Size & Forecast 2020-2030, USD Million
- By Application- Market Size & Forecast 2020-2030, USD Million
- By End-User- Market Size & Forecast 2020-2030, USD Million
- Market Size & Analysis
- Spain Graphite Market Outlook, 2020-2030F
- Market Size & Analysis
- By Revenues (USD Million)
- By Volume (Tons)
- Market Size & Analysis
- By Product Type- Market Size & Forecast 2020-2030, USD Million
- By Application- Market Size & Forecast 2020-2030, USD Million
- By End-User- Market Size & Forecast 2020-2030, USD Million
- Market Size & Analysis
- Market Size & Analysis
- The Middle East and Africa Graphite Market Outlook, 2020-2030F
- Market Size & Analysis
- By Revenues (USD Million)
- By Volume (Tons)
- Market Size & Analysis
- By Product Type- Market Size & Forecast 2020-2030, USD Million
- By Application- Market Size & Forecast 2020-2030, USD Million
- By End-User- Market Size & Forecast 2020-2030, USD Million
- By Country
- GCC
- South Africa
- Rest of Middle East & Africa
- GCC Graphite Market Outlook, 2020-2030F
- Market Size & Analysis
- By Revenues (USD Million)
- By Volume (Tons)
- Market Size & Analysis
- By Product Type- Market Size & Forecast 2020-2030, USD Million
- By Application- Market Size & Forecast 2020-2030, USD Million
- By End-User- Market Size & Forecast 2020-2030, USD Million
- Market Size & Analysis
- South Africa Graphite Market Outlook, 2020-2030F
- Market Size & Analysis
- By Revenues (USD Million)
- By Volume (Tons)
- Market Size & Analysis
- By Product Type- Market Size & Forecast 2020-2030, USD Million
- By Application- Market Size & Forecast 2020-2030, USD Million
- By End-User- Market Size & Forecast 2020-2030, USD Million
- Market Size & Analysis
- Market Size & Analysis
- Asia-Pacific Graphite Market Outlook, 2020-2030F
- Market Size & Analysis
- By Revenues (USD Million)
- By Volume (Tons)
- Market Size & Analysis
- By Product Type- Market Size & Forecast 2020-2030, USD Million
- By Application- Market Size & Forecast 2020-2030, USD Million
- By End-User- Market Size & Forecast 2020-2030, USD Million
- By Country
- China
- India
- Japan
- Vietnam
- Others
- China Graphite Market Outlook, 2020-2030F
- Market Size & Analysis
- By Revenues (USD Million)
- By Volume (Tons)
- Market Size & Analysis
- By Product Type- Market Size & Forecast 2020-2030, USD Million
- By Application- Market Size & Forecast 2020-2030, USD Million
- By End-User- Market Size & Forecast 2020-2030, USD Million
- Market Size & Analysis
- India Graphite Market Outlook, 2020-2030F
- Market Size & Analysis
- By Revenues (USD Million)
- By Volume (Tons)
- Market Size & Analysis
- By Product Type- Market Size & Forecast 2020-2030, USD Million
- By Application- Market Size & Forecast 2020-2030, USD Million
- By End-User- Market Size & Forecast 2020-2030, USD Million
- Market Size & Analysis
- Japan Graphite Market Outlook, 2020-2030F
- Market Size & Analysis
- By Revenues (USD Million)
- By Volume (Tons)
- Market Size & Analysis
- By Product Type- Market Size & Forecast 2020-2030, USD Million
- By Application- Market Size & Forecast 2020-2030, USD Million
- By End-User- Market Size & Forecast 2020-2030, USD Million
- Market Size & Analysis
- Vietnam Graphite Market Outlook, 2020-2030F
- Market Size & Analysis
- By Revenues (USD Million)
- By Volume (Tons)
- Market Size & Analysis
- By Product Type- Market Size & Forecast 2020-2030, USD Million
- By Application- Market Size & Forecast 2020-2030, USD Million
- By End-User- Market Size & Forecast 2020-2030, USD Million
- Market Size & Analysis
- Market Size & Analysis
- Global Graphite Market Key Strategic Imperatives for Success & Growth
- Competitive Outlook
- Company Profiles
- AMG Advanced Metallurgical Group NV
- Business Description
- Product Portfolio
- Strategic Alliances or Partnerships
- Recent Developments
- Financial Details
- Others
- Asbury Carbons
- Business Description
- Product Portfolio
- Strategic Alliances or Partnerships
- Recent Developments
- Financial Details
- Others
- Eagle Graphite
- Business Description
- Product Portfolio
- Strategic Alliances or Partnerships
- Recent Developments
- Financial Details
- Others
- EPM Group
- Business Description
- Product Portfolio
- Strategic Alliances or Partnerships
- Recent Developments
- Financial Details
- Others
- Grafitbergbau Kaisersberg GmbH
- Business Description
- Product Portfolio
- Strategic Alliances or Partnerships
- Recent Developments
- Financial Details
- Others
- GrafTech International Ltd.
- Business Description
- Product Portfolio
- Strategic Alliances or Partnerships
- Recent Developments
- Financial Details
- Others
- Graphite India Limited (GIL)
- Business Description
- Product Portfolio
- Strategic Alliances or Partnerships
- Recent Developments
- Financial Details
- Others
- Imerys S.A.
- Business Description
- Product Portfolio
- Strategic Alliances or Partnerships
- Recent Developments
- Financial Details
- Others
- Nacional de Grafite
- Business Description
- Product Portfolio
- Strategic Alliances or Partnerships
- Recent Developments
- Financial Details
- Others
- Northern Graphite Corporation
- Business Description
- Product Portfolio
- Strategic Alliances or Partnerships
- Recent Developments
- Financial Details
- Others
- SGL Carbon SE
- Business Description
- Product Portfolio
- Strategic Alliances or Partnerships
- Recent Developments
- Financial Details
- Others
- TOYO TANSO CO., LTD.
- Business Description
- Product Portfolio
- Strategic Alliances or Partnerships
- Recent Developments
- Financial Details
- Others
- Triton Minerals Ltd.
- Business Description
- Product Portfolio
- Strategic Alliances or Partnerships
- Recent Developments
- Financial Details
- Others
- Nippon Carbon Company Ltd.
- Business Description
- Product Portfolio
- Strategic Alliances or Partnerships
- Recent Developments
- Financial Details
- Others
- Mason Resources Inc.
- Business Description
- Product Portfolio
- Strategic Alliances or Partnerships
- Recent Developments
- Financial Details
- Others
- Others
- AMG Advanced Metallurgical Group NV
- Company Profiles
- Disclaimer
