Graphite Market Surges to USD 24.21 Billion by 2031, Propelled by 5.20% CAGR - Verified Market Research®
The graphite market is driven by increasing demand from the battery and electronics industries, particularly due to the rise of electric vehicles and renewable energy storage. Graphite's superior conductivity and heat resistance make it essential in these applications. However, market growth is restrained by fluctuating raw material prices, environmental regulations, and the availability of synthetic alternatives. Additionally, geopolitical tensions affecting supply chains and mining activities pose significant challenges to market expansion.
Lewes, Delaware, July 19, 2024 (GLOBE NEWSWIRE) -- The Global Graphite Market Size is projected to grow at a CAGR of 5.20% from 2024 to 2031, according to a new report published by Verified Market Research®. The report reveals that the market was valued at USD 16.14 Billion in 2024 and is expected to reach USD 24.21 Billion by the end of the forecast period.
Download PDF Brochure: https://www.verifiedmarketresearch.com/download-sample?rid=37790
Browse in-depth TOC on “Global Graphite Market Size”
202 - Pages
126 – Tables
37 – Figures
Scope Of The Report
REPORT ATTRIBUTES | DETAILS |
STUDY PERIOD | 2021-2031 |
GROWTH RATE | CAGR of ~5.20% from 2024 to 2031 |
BASE YEAR FOR VALUATION | 2024 |
HISTORICAL PERIOD | 2021-2023 |
FORECAST PERIOD | 2024-2031 |
QUANTITATIVE UNITS | Value in USD Billion |
REPORT COVERAGE | Historical and Forecast Revenue Forecast, Historical and Forecast Volume, Growth Factors, Trends, Competitive Landscape, Key Players, Segmentation Analysis |
SEGMENTS COVERED |
|
REGIONS COVERED |
|
KEY PLAYERS | AMG, Asbury Carbons, Eagle Graphite, EPM Group, GrafTech International Ltd., Graphite India Limited, Imersys, NIPPON GRAPHITE INDUSTRIES CO. LTD., NORTHERN GRAPHITE CORPORATION, Qingdao Tennry Carbon Co., Ltd., SGL Carbon, SHOWA DENKO K.K., Syrah Resources Limited, Tokai Carbon Co., Ltd. |
CUSTOMIZATION | Report customization along with purchase available upon request |
Graphite Market Overview
Rising Demand from the Battery Industry: The graphite market is undergoing substantial growth as a result of the growing demand from the battery industry, particularly for lithium-ion batteries that are utilised in electric vehicles (EVs). The market is expanding as the demand for high-quality graphite for anodes in batteries increases globally as EV adoption accelerates.
Growth in Electronics and Renewable Energy: The graphite market is significantly influenced by the electronics and renewable energy sectors. Supporting sustained market growth amid technological advancements, graphite's superior thermal stability and conductivity render it indispensable in the production of semiconductors, photovoltaics, and energy storage solutions.
Advancements in Graphite Applications: The market is being driven forward by advancements in graphite applications, including its use in advanced composites, refractories, and lubricants. These developments increase the adaptability of graphite and broaden its industrial applications, thereby generating new opportunities and increasing market demand.
To Purchase a Comprehensive Report Analysis: https://www.verifiedmarketresearch.com/download-sample?rid=37790
Fluctuating Raw Material Prices: Raw material prices are subject to fluctuations, which pose a challenge to the graphite market. The cost of natural graphite is subject to fluctuation, which has an impact on production expenses and profit margins. This uncertainty and potential market instability impede long-term growth prospects.
Environmental Regulations and Compliance: The graphite market is significantly impeded by stringent environmental regulations and compliance requirements. The mining and refining of graphite are subject to stringent environmental regulations, which may result in increased operational costs and the restriction of production capacities.
Synthetic Alternatives Competition: The natural graphite market is significantly impeded by the availability of synthetic graphite as an alternative. Industries seeking stable sources are attracted to synthetic graphite due to its consistent quality and supply reliability. However, this can divert demand from natural graphite and impact market growth.
Geographic Dominance:
The graphite market's development is substantially influenced by China's geographical dominance. China, the world's largest producer and exporter, maintains control over a significant portion of the global supply chain. This dominance allows China to exert control over pricing and availability, thereby presenting obstacles for other regions. Nevertheless, it also encourages investments in alternative sources and technologies in North America and Europe to reduce dependency, thereby fostering market diversification and potentially stabilising supply in the long term.
Graphite Market Key Players Shaping the Future
Major players, including AMG, Asbury Carbons, Eagle Graphite, EPM Group, GrafTech International Ltd., Graphite India Limited, Imersys, NIPPON GRAPHITE INDUSTRIES CO. LTD., NORTHERN GRAPHITE CORPORATION, Qingdao Tennry Carbon Co., Ltd., SGL Carbon, SHOWA DENKO K.K., Syrah Resources Limited, Tokai Carbon Co., Ltd. and more, play a pivotal role in shaping the future of the Graphite Market. Financial statements, product benchmarking, and SWOT analysis provide valuable insights into the industry's key players.
Graphite Market Segment Analysis
Based on the research, Verified Market Research® has segmented the global Graphite Market into Application, End-User Industry, And Geography.
-
Graphite Market, by Application:
- Steel & Metal Manufacturing
- Batteries
- Lubricants & Greases
- Refractories
- Foundry Facings
-
Graphite Market, by End-User Industry:
- Automotive
- Electronics
- Aerospace
- Industrial
- Energy
-
Graphite Market, by Geography
-
North America
- U.S
- Canada
- Mexico
-
Europe
- Germany
- France
- U.K
- Rest of Europe
-
Asia Pacific
- China
- Japan
- India
- Rest of Asia Pacific
-
ROW
- Middle East & Africa
- Latin America
-
North America
Browse Related Reports:
Global Synthetic Graphite Market Size By Product Type (Electrode Grade Graphite, Battery Grade Graphite), By End-User Industry (Steel Production, Lithium-Ion Batteries), By Application (Steel, Automotive), By Geography, And Forecast
Global Needle Coke Market Size By Type (Petroleum-Based Needle Coke and Coal-Based Needle Coke), By Grade (Intermediate Grade Needle Coke and Premium Grade Needle Coke), By Application (Graphite Electrodes, Lithium-Ion Batteries, and Specialty Graphite Products), By Geography, And Forecast
Global Graphite Electrodes Market Size By Diameter (Below 200mm 201mm to 400mm 401mm to 600mm), By Electrode Grade (Ultra-High Power (UHP) High Power (SHP) Regular Power (RP)), By Application (Steel Manufacturing Non-steel Applications), By Geography, And Forecast
Global Carbon Brush Market Size By Type (Graphite, Carbon Fiber), By Industry (Industrial, Automotive, Electrical), By Application (Motors, Generators/Alternators, Signal & Power Transmission), By Geography, And Forecast
7 Best Graphite Electrode Manufacturers efficiently using heat and electrical conductivity
Visualize Graphite Market using Verified Market Intelligence -:
Verified Market Intelligence is our BI Enabled Platform for narrative storytelling in this market. VMI offers in-depth forecasted trends and accurate Insights on over 20,000+ emerging & niche markets, helping you make critical revenue-impacting decisions for a brilliant future.
VMI provides a holistic overview and global competitive landscape with respect to Region, Country, Segment, and Key players of your market. Present your Market Report & findings with an inbuilt presentation feature saving over 70% of your time and resources for Investor, Sales & Marketing, R&D, and Product Development pitches. VMI enables data delivery In Excel and Interactive PDF formats with over 15+ Key Market Indicators for your market.
About Us
Verified Market Research® stands at the forefront as a global leader in Research and Consulting, offering unparalleled analytical research solutions that empower organizations with the insights needed for critical business decisions. Celebrating 10+ years of service, VMR has been instrumental in providing founders and companies with precise, up-to-date research data.
With a team of 500+ Analysts and subject matter experts, VMR leverages internationally recognized research methodologies for data collection and analyses, covering over 15,000 high impact and niche markets. This robust team ensures data integrity and offers insights that are both informative and actionable, tailored to the strategic needs of businesses across various industries.
VMR's domain expertise is recognized across 14 key industries, including Semiconductor & Electronics, Healthcare & Pharmaceuticals, Energy, Technology, Automobiles, Defense, Mining, Manufacturing, Retail, and Agriculture & Food. In-depth market analysis cover over 52 countries, with advanced data collection methods and sophisticated research techniques being utilized. This approach allows for actionable insights to be furnished by seasoned analysts, equipping clients with the essential knowledge necessary for critical revenue decisions across these varied and vital industries.
Verified Market Research® is also a member of ESOMAR, an organization renowned for setting the benchmark in ethical and professional standards in market research. This affiliation highlights VMR's dedication to conducting research with integrity and reliability, ensuring that the insights offered are not only valuable but also ethically sourced and respected worldwide.
![](https://ml.globenewswire.com/media/ZDI5NzIwNDAtODhlOS00MTZhLTliNjktYjE0ZTgxNGEzZDQ2LTEyMTc1ODY=/tiny/Verified-Market-Research.png)
Mr. Edwyne Fernandes Verified Market Research® US: +1 (650)-781-4080 US Toll Free: +1 (800)-782-1768 Email: sales@verifiedmarketresearch.com Web: https://www.verifiedmarketresearch.com/ Follow Us: LinkedIn | Twitter SOURCE – Verified Market Research®
![](https://www.einpresswire.com/tracking/article.gif?t=4&a=E-dnjwe9JgNBaBEf&i=F7PNPRCvrhDSW4cC)