Product Code: GVR-4-68040-142-0
Graphite Market Growth & Trends:
The global graphite market size is estimated to reach USD 17.8 billion by 2030, registering a CAGR of 6.7% from 2025 to 2030, according to a new report by Grand View Research, Inc. It is anticipated to be primarily driven by demand for electrodes and refractories within the crude steel industry. Furthermore, the increasing demand for electrification in the automotive industry has given rise to the requirement for graphite as anode material for electric vehicle (EV) battery production.
With increasing emphasis on green steel, producers are making the shift towards investing in better production technology and overhauling of parts and machinery. This has necessitated increased demand for electrodes in Electric Arc Furnaces (EAFs) and refractories for furnace lining material. For instance, in June 2024, Essar Group announced that they would invest USD 4 billion to construct a green steel plant in Ras Al-Khair Saudi Arabia as part of the company's transition to green energy.
Investments in the EV battery value chain is a key trend that is driving graphite demand. For instance, in April 2023, Hyundai and SK On announced plans to set up a joint venture to build a USD 5 billion battery plant in Georgia, U.S. These projects have been announced against the backdrop of the U.S. Bipartisan Infrastructure Law and Inflation Reduction Act. Hence, such government initiatives are anticipated to boost market demand over the forecast period.
Graphite Market Report Highlights:
- Based on form, the synthetic graphite segment led the market with the largest revenue share of 67.1% in 2024. Synthetic graphite is extensively used in the production of graphite electrodes and as anodic material in EV batteries.
- Electrodes end-use segment held the largest revenue share of 35.2% in 2024. Graphite is a crucial material in lithium-ion batteries, particularly for electric vehicles (EVs) and renewable energy storage.
- In 2024, the Asia Pacific graphite market dominated the global market and accounted for the largest revenue share of 44.3%, owing to the larger scale of crude steel production by China, India, and Japan.
- In June 2024, Madagascar-based Etablissements Gallois announced its overseas expansion plans to construct a new anodic material graphite manufacturing plant in Malaysia. This will be made operational by its subsidiary Gallois New Energy Materials in collaboration with SEDC Energy. The greenfield would be located in Samaluju Industrial Park, Bintulu for an investment of USD 1.5 billion. In the first phase, the plant is scheduled to be on stream in 2026 and produce 50ktpy of spherical graphite and 50ktpy of synthetic graphite. By 2028 the company is aiming to produce 150ktpy of spherical graphite and 150ktpy of synthetic graphite. By 2030, capacity would be ramped up to 200ktpy of spherical graphite and 200ktpy of synthetic graphite. The plan is in line with the company's efforts to move the battery value chain out of China.
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Market Definition
- 1.3. Information Procurement
- 1.3.1. Purchased Database
- 1.3.2. GVR's Internal Database
- 1.3.3. Secondary Sources & Third-Party Perspectives
- 1.3.4. Primary Research
- 1.4. Information Analysis
- 1.4.1. Data Analysis Models
- 1.5. Market Formulation & Data Visualization
- 1.6. Data Validation & Publishing
Chapter 2. Executive Summary
- 2.1. Market Insights
- 2.2. Segmental Outlook
- 2.3. Competitive Outlook
Chapter 3. Graphite Market Variables, Trends & Scope
- 3.1. Global Graphite Market Outlook
- 3.2. Industry Value Chain Analysis
- 3.3. Regulatory Framework
- 3.3.1. Policies and Incentive Plans
- 3.3.2. Standards and Compliances
- 3.3.3. Regulatory Impact Analysis
- 3.4. Market Dynamics
- 3.4.1. Market Driver Analysis
- 3.4.2. Market Restraint Analysis
- 3.4.3. Industry Challenges
- 3.5. Porter's Five Forces Analysis
- 3.5.1. Supplier Lubricants
- 3.5.2. Buyer Lubricants
- 3.5.3. Substitution Threat
- 3.5.4. Threat from New Entrant
- 3.5.5. Competitive Rivalry
- 3.6. PESTEL Analysis
- 3.6.1. Political Landscape
- 3.6.2. Economic Landscape
- 3.6.3. Social Landscape
- 3.6.4. Technological Landscape
- 3.6.5. Environmental Landscape
- 3.6.6. Legal Landscape
Chapter 4. Graphite Market: Form Outlook Estimates & Forecasts
- 4.1. Graphite Market: Form Movement Analysis, 2024 & 2030
- 4.1.1. Natural Graphite
- 4.1.1.1. Market Estimates and Forecast, 2018 - 2030 (Kilotons) (USD Million)
- 4.1.2. Synthetic Graphite
- 4.1.2.1. Market Estimates and Forecast, 2018 - 2030 (Kilotons) (USD Million)
Chapter 5. Graphite Market: End Use Outlook Estimates & Forecasts
- 5.1. Graphite Market: End Use Movement Analysis, 2024 & 2030
- 5.1.1. Electrodes
- 5.1.1.1. Market Estimates and Forecast, 2018 - 2030 (Kilotons) (USD Million)
- 5.1.2. Refractories
- 5.1.2.1. Market Estimates and Forecast, 2018 - 2030 (Kilotons) (USD Million)
- 5.1.3. Lubricants
- 5.1.3.1. Market Estimates and Forecast, 2018 - 2030 (Kilotons) (USD Million)
- 5.1.4. Foundries
- 5.1.4.1. Market Estimates and Forecast, 2018 - 2030 (Kilotons) (USD Million)
- 5.1.5. Battery Production
- 5.1.5.1. Market Estimates and Forecast, 2018 - 2030 (Kilotons) (USD Million)
- 5.1.6. Others
- 5.1.6.1. Market Estimates and Forecast, 2018 - 2030 (Kilotons) (USD Million)
Chapter 6. Graphite Market Regional Outlook Estimates & Forecasts
- 6.1. Regional Snapshot
- 6.2. Graphite Market: Regional Movement Analysis, 2024 & 2030
- 6.3. North America
- 6.3.1. Market Estimates and Forecast, 2018 - 2030 (Kilotons) (USD Million)
- 6.3.2. Market Estimates and Forecast, By Form, 2018 - 2030 (Kilotons) (USD Million)
- 6.3.3. Market Estimates and Forecast, By End Use, 2018 - 2030 (Kilotons) (USD Million)
- 6.3.4. U.S.
- 6.3.4.1. Market Estimates and Forecast, 2018 - 2030 (Kilotons) (USD Million)
- 6.3.4.2. Market Estimates and Forecast, By Form, 2018 - 2030 (Kilotons) (USD Million)
- 6.3.4.3. Market Estimates and Forecast, By End Use, 2018 - 2030 (Kilotons) (USD Million)
- 6.3.5. Canada
- 6.3.5.1. Market Estimates and Forecast, 2018 - 2030 (Kilotons) (USD Million)
- 6.3.5.2. Market Estimates and Forecast, By Form, 2018 - 2030 (Kilotons) (USD Million)
- 6.3.5.3. Market Estimates and Forecast, By End Use, 2018 - 2030 (Kilotons) (USD Million)
- 6.3.6. Mexico
- 6.3.6.1. Market Estimates and Forecast, 2018 - 2030 (Kilotons) (USD Million)
- 6.3.6.2. Market Estimates and Forecast, By Form, 2018 - 2030 (Kilotons) (USD Million)
- 6.3.6.3. Market Estimates and Forecast, By End Use, 2018 - 2030 (Kilotons) (USD Million)
- 6.4. Europe
- 6.4.1. Market Estimates and Forecast, 2018 - 2030 (Kilotons) (USD Million)
- 6.4.2. Market Estimates and Forecast, By Form, 2018 - 2030 (Kilotons) (USD Million)
- 6.4.3. Market Estimates and Forecast, By End Use, 2018 - 2030 (Kilotons) (USD Million)
- 6.4.4. Germany
- 6.4.4.1. Market Estimates and Forecast, 2018 - 2030 (Kilotons) (USD Million)
- 6.4.4.2. Market Estimates and Forecast, By Form, 2018 - 2030 (Kilotons) (USD Million)
- 6.4.4.3. Market Estimates and Forecast, By End Use, 2018 - 2030 (Kilotons) (USD Million)
- 6.4.5. France
- 6.4.5.1. Market Estimates and Forecast, 2018 - 2030 (Kilotons) (USD Million)
- 6.4.5.2. Market Estimates and Forecast, By Form, 2018 - 2030 (Kilotons) (USD Million)
- 6.4.5.3. Market Estimates and Forecast, By End Use, 2018 - 2030 (Kilotons) (USD Million)
- 6.4.6. Italy
- 6.4.6.1. Market Estimates and Forecast, 2018 - 2030 (Kilotons) (USD Million)
- 6.4.6.2. Market Estimates and Forecast, By Form, 2018 - 2030 (Kilotons) (USD Million)
- 6.4.6.3. Market Estimates and Forecast, By End Use, 2018 - 2030 (Kilotons) (USD Million)
- 6.4.7. Spain
- 6.4.7.1. Market Estimates and Forecast, 2018 - 2030 (Kilotons) (USD Million)
- 6.4.7.2. Market Estimates and Forecast, By Form, 2018 - 2030 (Kilotons) (USD Million)
- 6.4.7.3. Market Estimates and Forecast, By End Use, 2018 - 2030 (Kilotons) (USD Million)
- 6.5. Asia Pacific
- 6.5.1. Market Estimates and Forecast, 2018 - 2030 (Kilotons) (USD Million)
- 6.5.2. Market Estimates and Forecast, By Form, 2018 - 2030 (Kilotons) (USD Million)
- 6.5.3. Market Estimates and Forecast, By End Use, 2018 - 2030 (Kilotons) (USD Million)
- 6.5.4. China
- 6.5.4.1. Market Estimates and Forecast, 2018 - 2030 (Kilotons) (USD Million)
- 6.5.4.2. Market Estimates and Forecast, By Form, 2018 - 2030 (Kilotons) (USD Million)
- 6.5.4.3. Market Estimates and Forecast, By End Use, 2018 - 2030 (Kilotons) (USD Million)
- 6.5.5. India
- 6.5.5.1. Market Estimates and Forecast, 2018 - 2030 (Kilotons) (USD Million)
- 6.5.5.2. Market Estimates and Forecast, By Form, 2018 - 2030 (Kilotons) (USD Million)
- 6.5.5.3. Market Estimates and Forecast, By End Use, 2018 - 2030 (Kilotons) (USD Million)
- 6.5.6. Japan
- 6.5.6.1. Market Estimates and Forecast, 2018 - 2030 (Kilotons) (USD Million)
- 6.5.6.2. Market Estimates and Forecast, By Form, 2018 - 2030 (Kilotons) (USD Million)
- 6.5.6.3. Market Estimates and Forecast, By End Use, 2018 - 2030 (Kilotons) (USD Million)
- 6.6. Latin America
- 6.6.1. Market Estimates and Forecast, 2018 - 2030 (Kilotons) (USD Million)
- 6.6.2. Market Estimates and Forecast, By Form, 2018 - 2030 (Kilotons) (USD Million)
- 6.6.3. Market Estimates and Forecast, By End Use, 2018 - 2030 (Kilotons) (USD Million)
- 6.6.4. Brazil
- 6.6.4.1. Market Estimates and Forecast, 2018 - 2030 (Kilotons) (USD Million)
- 6.6.4.2. Market Estimates and Forecast, By Form, 2018 - 2030 (Kilotons) (USD Million)
- 6.6.4.3. Market Estimates and Forecast, By End Use, 2018 - 2030 (Kilotons) (USD Million)
- 6.7. Middle East & Africa
- 6.7.1. Market Estimates and Forecast, 2018 - 2030 (Kilotons) (USD Million)
- 6.7.2. Market Estimates and Forecast, By Form, 2018 - 2030 (Kilotons) (USD Million)
- 6.7.3. Market Estimates and Forecast, By End Use, 2018 - 2030 (Kilotons) (USD Million)
Chapter 7. Competitive Landscape
- 7.1. Recent Developments & Impact Analysis, By Key Market Participants
- 7.2. Vendor Landscape
- 7.2.1. Company Categorization
- 7.2.2. List of Key Distributors and Channel Partners
- 7.2.3. List of Potential Customers/End Users
- 7.3. Competitive Dynamics
- 7.3.1. Competitive Benchmarking
- 7.3.2. Strategy Mapping
- 7.3.3. Heat Map Analysis
- 7.4. Company Profiles/Listing
- 7.4.1. AMG Graphite (Graphit Kropfmuhl GmbH)
- 7.4.1.1. Participant's Overview
- 7.4.1.2. Financial Performance
- 7.4.1.3. Form Benchmarking
- 7.4.1.4. Strategic Initiatives
- 7.4.2. Focus Graphite
- 7.4.2.1. Participant's Overview
- 7.4.2.2. Financial Performance
- 7.4.2.3. Form Benchmarking
- 7.4.2.4. Strategic Initiatives
- 7.4.3. GrafTech International
- 7.4.3.1. Participant's Overview
- 7.4.3.2. Financial Performance
- 7.4.3.3. Form Benchmarking
- 7.4.3.4. Strategic Initiatives
- 7.4.4. Graphite India Limited
- 7.4.4.1. Participant's Overview
- 7.4.4.2. Financial Performance
- 7.4.4.3. Form Benchmarking
- 7.4.4.4. Strategic Initiatives
- 7.4.5. Mason Resources Inc.
- 7.4.5.1. Participant's Overview
- 7.4.5.2. Financial Performance
- 7.4.5.3. Form Benchmarking
- 7.4.5.4. Strategic Initiatives
- 7.4.6. Nippon Carbon Co Ltd.
- 7.4.6.1. Participant's Overview
- 7.4.6.2. Financial Performance
- 7.4.6.3. Form Benchmarking
- 7.4.6.4. Strategic Initiatives
- 7.4.7. Northern Graphite Corp.
- 7.4.7.1. Participant's Overview
- 7.4.7.2. Financial Performance
- 7.4.7.3. Form Benchmarking
- 7.4.7.4. Strategic Initiatives
- 7.4.8. NOVONIX Limited
- 7.4.8.1. Participant's Overview
- 7.4.8.2. Financial Performance
- 7.4.8.3. Form Benchmarking
- 7.4.8.4. Strategic Initiatives
- 7.4.9. Resonac Holdings Corporation
- 7.4.9.1. Participant's Overview
- 7.4.9.2. Financial Performance
- 7.4.9.3. Form Benchmarking
- 7.4.9.4. Strategic Initiatives
- 7.4.10. SGL Carbon
- 7.4.10.1. Participant's Overview
- 7.4.10.2. Financial Performance
- 7.4.10.3. Form Benchmarking
- 7.4.10.4. Strategic Initiatives