Graphite Market to Expand to $27.8 Billion by 2032 as EVs and Renewable Energy Drive Demand
Graphite market growth is driven by increase in demand for lithium-ion batteries and considerable manufacturing of steel through electric arc furnaces (EAF). ”
WIN SIVERS DRIVE, OR, UNITED STATES, February 24, 2025 /EINPresswire.com/ -- Allied Market Research has recently released a comprehensive report on the global graphite industry, providing insights to help companies better understand the changing dynamics of the industry. According to the report, the graphite market size was valued at approximately $17.4 billion in 2023 and is projected to garner a revenue of $27.8 billion by 2032 with a CAGR of 5.3% from 2024 to 2032.— Allied Market Research (AMR)
๐๐๐ญ ๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐จ๐ฉ๐ฒ ๐จ๐ ๐ญ๐ก๐ข๐ฌ ๐๐๐ฉ๐จ๐ซ๐ญ: https://www.alliedmarketresearch.com/request-sample/1965
The industry has experienced notable growth owing to rise in demand for lithium-ion batteries for various purposes. Moreover, increase in adoption of EVs and renewable energy solutions is expected to boost the demand for this element in the forthcoming years. In addition, rapid growth in the use of graphite-filled filaments and powders in 3D printing is expected to create growth opportunities for the industry during the forecast period. However, emerging environmental regulations and sustainability concerns hamper industry growth moderately.
Recent advancements in graphite and graphene technologies have significantly influenced various industries, particularly in energy storage, electronics, and construction. Here are some of the key developments:
Graphite is increasingly used in battery electrodes for electric vehicles, enhancing range and charging times. Companies such as Graphite One focus on developing a vertically integrated supply chain for battery-grade graphite, aiming to reduce reliance on imports, particularly from China. Graphite One's strategy includes mining high-quality graphite from its Graphite Creek project in Alaska and developing an anode manufacturing facility in Ohio. This initiative is expected to enhance domestic production capabilities and support the surge in demand for advanced materials in the EV market, ensuring a stable supply for future energy storage solutions.
๐ ๐จ๐ซ ๐๐ฎ๐ซ๐๐ก๐๐ฌ๐ ๐๐ง๐ช๐ฎ๐ข๐ซ๐ฒ ๐๐ญ: https://www.alliedmarketresearch.com/purchase-enquiry/1965
Recent research has demonstrated that agricultural bio-waste can be converted into high-quality graphite, providing a sustainable alternative for various applications, including supercapacitors. This process utilizes carbon-rich content of biomass, which is abundant and renewable. However, challenges such as impurities and optimization of processing conditions need to be addressed to enhance the quality of the produced graphite. Techniques such as pyrolysis and chemical treatments are used to effectively transform agricultural waste into valuable carbon materials, paving the way for environmentally friendly solutions in energy storage and other industries.
In addition, this material is researched for its potential in advanced nuclear reactors, where it serves as a moderator and structural material. Its exceptional thermal conductivity and chemical stability contribute to safer, more efficient reactor designs, offering a cleaner energy source that enhances the sustainability of nuclear power generation.
๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐ ๐จ๐ซ ๐๐ฎ๐ฌ๐ญ๐จ๐ฆ๐ข๐ณ๐๐ญ๐ข๐จ๐ง: https://www.alliedmarketresearch.com/request-for-customization/1965
๐๐จ๐ฆ๐ฉ๐๐ญ๐ข๐ญ๐ข๐ฏ๐ ๐ข๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ
The report offers a thorough analysis of the competitive landscape within the sector, detailing the major players in the industry. It examines leading companies to assess their market share, positioning, and competitive strengths, providing valuable insights into their roles in the market.
In addition, the company profile section presents various data points, including an overview of each company, key executives, primary growth strategies, and innovative initiatives that enhance their global presence. The report covers several top entities in the market, highlighting their contributions and strategies.
๐๐จ๐ฆ๐ ๐จ๐ ๐ญ๐ก๐ ๐ฆ๐๐ฃ๐จ๐ซ ๐ฉ๐ฅ๐๐ฒ๐๐ซ๐ฌ ๐ฅ๐ข๐ฌ๐ญ๐๐ ๐ข๐ง ๐ญ๐ก๐ ๐ซ๐๐ฉ๐จ๐ซ๐ญ ๐ข๐ง๐๐ฅ๐ฎ๐๐:
GrafTech International
Nippon Kokuen Group
Mason Resources Inc
Asbury Carbons,
Westwater Resources
Qingdao Tennry Carbon Co.,Ltd
Triton Minerals Ltd
Tokai Carbon Co
NEXTSource Materials Inc.,
Focus Graphite
In conclusion, the AMR report delivers actionable insights and intelligence on the graphite industry, equipping businesses with the information needed to enhance their presence in the sector. The valuable findings presented in the study support companies in making informed investment decisions for sustainable growth in the long term.
๐๐๐๐ ๐๐จ๐ซ๐ ๐๐๐ฉ๐จ๐ซ๐ญ:
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About Us:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP, based in Portland, Oregon. AMR provides global enterprises as well as medium and small businesses with unmatched quality of โMarket Research Reportsโ and โBusiness Intelligence Solutions.โ AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
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Allied Market Research
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