The global market for synthetic graphite is projected to grow at a CAGR of 7.46% from 2025 to 2033, with an expected value of $32.1 billion by 2033. Synthetic graphite is a high-performance material valued for its light weight, strength, and excellent conductivity, making it ideal for demanding applications. The production process involves blending calcined petroleum coke or pitch-based carbon with binders, shaping the mixture, and heating it to high temperatures. The material is then refined and optionally coated with silicon carbide to enhance industrial performance.
With the rising demand for electric vehicles, synthetic graphite's role in lithium-ion batteries has become more significant. Low-carbon technologies offer opportunities to enhance production, improve conductivity and heat management, and contribute to industry decarbonization.
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