Graphite Market Share, Size and Future Projections 2025-2030FY
The Graphite Market report by MarkNtel Advisors – Market Research Company, offers a comprehensive analysis of the size, share & growth of the market.
The recent analytical report published by Markntel Advisors (a leading consulting, data analytics, and market research firm), Graphite Market comprises a detailed study of critical and major aspects of market dynamics, i.e. market trends, size, forecasts, growth factors, challenges, and competitor landscape. The research company provides an extensive range of strategic reports on diverse industry verticals to substantial and varied client bases, including multinational corporations, financial institutions, governments, and individuals, among others.
Graphite Industry Analytical Overview (2025-2030): Drivers, Opportunities, Challenges, and Trends,
According to the latest report, Graphite Market size was valued at around USD 17.18 billion in 2024 and is projected to reach USD 23 billion by 2030. The report significantly addressed considerable changes, gap analyses, and competitive studies using qualitative and quantitative data. These include the widespread segmentation, geography, and recent developments, entailing information on the fluctuation in the demand, sales, revenue, and other parameters experienced and expected in the industry for the forecasting year i.e. 2025 to 2030.
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What is Included in Graphite Market Segmentation?
The report has segmented the market into the following categories:
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
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.
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
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Key Factor Driver Graphite Industry Growth by 2030
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.
Who are the Key Players Operating in the Graphite Industry?
The top companies of the Graphite market ruling the industry 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.
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FAQs (Frequently Ask Questions)
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