Global Graphite Market Forecast 2025-2030: Growth at 5% CAGR Expected
Global Graphite Market Overview: 2025-2030
Base Year: 2024
Historical Years: 2020–23
Forecast Years: 2025-2030
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.
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Global Graphite Market Dynamics: 2025-2030
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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Global Graphite Market (2025-30): Segmentation Outlook
The market 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
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
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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Top Companies Operating in the Global Graphite Market:
-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.
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.
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