Overview of the Global Graphite Industry:
The Global Graphite Market is projected to experience substantial growth between 2025 and 2030, driven by digital transformation, innovation in service delivery, and expanding demand. 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. This report offers an in-depth analysis of the key drivers, challenges, competitive landscape, and future outlook — helping businesses, investors, and stakeholders make informed decisions.
Market Size & Forecast (2025–2030)
- Base Year: 2024
- Forecast Period: 2025–2030
- Estimated CAGR (2025–2030): 5%
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Global Graphite Market Trend:
Graphite’s Foray into Aerospace Industry – The use of graphite has been discovered in various applications of the aerospace industry, mainly for manufacturing lightweight parts such as wings of aircraft to reduce overall weight and ensure fuel efficiency. Besides this, it is also used in making rocket nozzles, fuel pumps, bushings, bearings, rotary vanes, etc. Additionally, it is also used in making corrosion-free engine components. As a result, the leading aircraft manufacturers worldwide are increasingly investing in graphite-based composites for their operations. For instance, in 2022, NASA announced its new project Hi-Rate Composite Aircraft Manufacturing (HiCAM), which aimed to manufacture large aircraft components, like aircraft wings and fuselages, from composite materials such as graphite at a higher rate of speed as compared to that of aircraft made from metallic materials and in 2024, around 22 aerospace organizations have joined NASA to support this project. Therefore, the support of such aerospace organizations shows the inclination towards the usage of Graphite in this sector.
Top Companies in the Graphite Market
Here’s a snapshot of key players leading innovation and market share:
- 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.
- Others
Includes SWOT analysis, revenue trends, partnerships, and product launches.
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Graphite Market Segmentation Analysis
-By Type
- Natural
- Synthetic
Synthetic graphite is the most widely used type of graphite. This segment holds around 70% market share.
-By Application
- Refractories
- Electrodes
- Foundries
- Batteries
- Others
Based on the application, batteries are expected to hold the largest volume share of graphite in the upcoming years.
-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
Geographical Analysis
-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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Methodology Behind the Report
This research combines qualitative and quantitative methods, including:
- Expert interviews
- Proprietary forecasting models
- Financial and trade databases
- Government and institutional data
Forecasts are validated using top-down and bottom-up approaches to ensure accuracy and reliability.
Frequently Asked Questions About the Graphite Market
- What is the growth rate of the Graphite market from 2025–2030?
- Which segment are expected to dominate market?
- Who are the top companies and what strategies being they using?
- What are the key risks and challenges in this industry?
- How can businesses prepare for future trends?
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