Graphite Market
Growth Factors of Graphite Market
The global graphite market size was valued at USD 7.32 billion in 2023 and is projected to grow from USD 7.80 billion in 2024 to USD 13.35 billion by 2032, exhibiting a CAGR of 6.9% during the forecast period of 2024-2032.
The COVID-19 pandemic brought about delivery chain disruptions and production delays inside the graphite market, reducing demand from key sectors like car and electronics. However, as restoration progresses and the call for electric-powered vehicles and renewable energy rises, the market is predicted to rebound, impeding the graphite market growth.
The rising call usually pushes the graphite market for electric-powered vehicles and renewable strength technology, which uses graphite in batteries and electricity garages. Technological advancements and increasing programs in steelmaking and electronics additionally contributed to the market boom.
The electronics industry is a prime graphite client, particularly in semiconductors and digital packaging manufacturing. Graphite is used as a substrate material in semiconductor wafer manufacturing, which forms the inspiration for numerous electronic gadgets, expanding the graphite market share globally. Additionally, graphite is used in electronic packaging, warmness sinks, and thermal interface materials to manage heat dissipation and save you from overheating in digital additives. These applications highlight the crucial position of graphite in ensuring the efficient and reliable operation of electronic gadgets.
Comprehensive Analysis of Graphite Market
The graphite marketplace is segmented into artificial and herbal graphite, with artificial graphite dominating due to its high resistance to temperature and corrosion, making it suitable for specialised programs. Natural graphite, found in flake, amorphous, and vein bureaucracy, is increasingly used in the automotive and refractory industries. In phrases of application, the marketplace consists of refractories, foundries, batteries, friction products, lubricants, and recarburising. Graphite's excessive melting point leads the refractory segment, while the batteries segment, driven by the call for lithium-ion batteries, is the fastest-growing. Graphite's use in decarburising, lubricants, and friction substances also contributes to its numerous application base.
The Asia Pacific region led the graphite market by benefitting a size of USD 4.08 billion in 2023 due to its popularity as a primary commercial hub for products like metallic, lithium-ion batteries, and automobile additives; the vicinity drives sizable sales.
The leading players inside the graphite market appreciably shape its increase and establish enterprise benchmarks. These key gamers, along with AMG (Germany), Asbury Carbons (U.S.), Eagle Graphite (Canada), Grafitbergbau Kaisersberg GmbH (Austria), Imerys S.A. (France), Stoker Concast Pvt. Ltd. (India), BTR NEW Material Group Co., Ltd. (China), Nacional de Grafite (Brazil), SGL Carbon (Germany), Mineral Commodities Ltd. (Australia), Superior Graphite (U.S.), and Tirupati Carbons & Chemicals Pvt. Ltd. (India), contribute to a dynamic marketplace surroundings, using innovation and advancing industry requirements.
In July 2023, Graphite One Inc. Revealed that its thoroughly owned subsidiary, Graphite One (Alaska), Inc., acquired a $37.5 million furnish below a generation investment settlement from the U.S. Department of Defense (DoD). This investment targets to broaden the manufacturing abilities and supply of graphite substances needed to satisfy the increasing call for graphite battery anodes in electric motors and different strength garage solutions.
Segmentation Table
ATTRIBUTE DETAILS
Study Period 2019-2032
Base Year 2023
Estimated Year 2024
Forecast Period 2024-2032
Historical Period 2019-2022
Growth Rate CAGR of 6.9% during 2024-2032
Unit Value (USD Billion) and Volume (Kilotons)
Segmentation By Product
- Synthetic
- Natural
By Application
- Refractories
- Foundries
- Batteries
- Friction Products
- Lubricants
- Recarburizing
- Others
By Geography
- North America (By Product, Application, and Country)
- U.S. (By Application)
- Canada (By Application)
- Germany (By Application)
- U.K. (By Application)
- France (By Application)
- Italy (By Application)
- Rest of Europe (By Application)
- China (By Application)
- India (By Application)
- Japan (By Application)
- ASEAN (By Application)
- Rest of Asia Pacific (By Application)
- Brazil (By Application)
- Mexico (By Application)
- Rest of Latin America (By Application)
- GCC (By Application)
- South Africa (By Application)
- Rest of the Middle East & Africa (By Application)
- 1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
- 2. Executive Summary
- 3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
- 4. Key Insights
- 4.1. Key Emerging Trends – For Major Regions
- 4.2. Key Developments: Mergers, Acquisition, Partnership, etc.
- 4.3. Latest Technological Advancement
- 4.4. Insights on Regulatory Scenario
- 4.5. Porters Five Forces Analysis
- 4.6. Impact of COVID-19 on Global Graphite Market
- 5. Global Graphite Market Analysis, Insights and Forecast, 2019-2032
- 5.1. Key Findings / Summary
- 5.2. By Product (Value & Volume)
- 5.2.1. Synthetic
- 5.2.2. Natural
- 5.3. By Application (Value & Volume)
- 5.3.1. Refractories
- 5.3.2. Foundries
- 5.3.3. Batteries
- 5.3.4. Friction Products
- 5.3.5. Lubricants
- 5.3.6. Recarburising
- 5.3.7. Others
- 5.4. By Region (Value & Volume)
- 5.4.1. North America
- 5.4.2. Europe
- 5.4.3. Asia Pacific
- 5.4.4. Latin America
- 5.4.5. Middle East & Africa
- 6. North America Graphite Market Analysis, Insights and Forecast, 2019-2032
- 6.1. Key Findings / Summary
- 6.2. By Product (Value & Volume)
- 6.2.1. Synthetic
- 6.2.2. Natural
- 6.3. By Application (Value & Volume)
- 6.3.1. Refractories
- 6.3.2. Foundries
- 6.3.3. Batteries
- 6.3.4. Friction Products
- 6.3.5. Lubricants
- 6.3.6. Recarburising
- 6.3.7. Others
- 6.4. By Country (Value & Volume)
- 6.4.1. U.S
- 6.4.1.1. By Application (Value & Volume)
- 6.4.1.1.1. Refractories
- 6.4.1.1.2. Foundries
- 6.4.1.1.3. Batteries
- 6.4.1.1.4. Friction Products
- 6.4.1.1.5. Lubricants
- 6.4.1.1.6. Recarburising
- 6.4.1.1.7. Others
- 6.4.2. Canada
- 6.4.2.1. By Application (Value & Volume)
- 6.4.2.1.1. Refractories
- 6.4.2.1.2. Foundries
- 6.4.2.1.3. Batteries
- 6.4.2.1.4. Friction Products
- 6.4.2.1.5. Lubricants
- 6.4.2.1.6. Recarburising
- 6.4.2.1.7. Others
- 7. Europe Graphite Market Analysis, Insights and Forecast, 2019-2032
- 7.1. Key Findings / Summary
- 7.2. By Product (Value & Volume)
- 7.2.1. Synthetic
- 7.2.2. Natural
- 7.3. By Application (Value & Volume)
- 7.3.1. Refractories
- 7.3.2. Foundries
- 7.3.3. Batteries
- 7.3.4. Friction Products
- 7.3.5. Lubricants
- 7.3.6. Recarburising
- 7.3.7. Others
- 7.4. By Country (Value & Volume)
- 7.4.1. Germany
- 7.4.1.1. By Application (Value & Volume)
- 7.4.1.1.1. Refractories
- 7.4.1.1.2. Foundries
- 7.4.1.1.3. Batteries
- 7.4.1.1.4. Friction Products
- 7.4.1.1.5. Lubricants
- 7.4.1.1.6. Recarburising
- 7.4.1.1.7. Others
- 7.4.2. France
- 7.4.2.1. By Application (Value & Volume)
- 7.4.2.1.1. Refractories
- 7.4.2.1.2. Foundries
- 7.4.2.1.3. Batteries
- 7.4.2.1.4. Friction Products
- 7.4.2.1.5. Lubricants
- 7.4.2.1.6. Recarburising
- 7.4.2.1.7. Others
- 7.4.3. U.K.
- 7.4.3.1. By Application (Value & Volume)
- 7.4.3.1.1. Refractories
- 7.4.3.1.2. Foundries
- 7.4.3.1.3. Batteries
- 7.4.3.1.4. Friction Products
- 7.4.3.1.5. Lubricants
- 7.4.3.1.6. Recarburising
- 7.4.3.1.7. Others
- 7.4.4. Italy
- 7.4.4.1. By Application (Value & Volume)
- 7.4.4.1.1. Refractories
- 7.4.4.1.2. Foundries
- 7.4.4.1.3. Batteries
- 7.4.4.1.4. Friction Products
- 7.4.4.1.5. Lubricants
- 7.4.4.1.6. Recarburising
- 7.4.4.1.7. Others
- 7.4.5. Rest of Europe
- 7.4.5.1. By Application (Value & Volume)
- 7.4.5.1.1. Refractories
- 7.4.5.1.2. Foundries
- 7.4.5.1.3. Batteries
- 7.4.5.1.4. Friction Products
- 7.4.5.1.5. Lubricants
- 7.4.5.1.6. Recarburising
- 7.4.5.1.7. Others
- 8. Asia-Pacific Graphite Market Analysis, Insights and Forecast, 2019-2032
- 8.1. Key Findings / Summary
- 8.2. By Product (Value & Volume)
- 8.2.1. Synthetic
- 8.2.2. Natural
- 8.3. By Application (Value & Volume)
- 8.3.1. Refractories
- 8.3.2. Foundries
- 8.3.3. Batteries
- 8.3.4. Friction Products
- 8.3.5. Lubricants
- 8.3.6. Recarburising
- 8.3.7. Others
- 8.4. By Country (Value & Volume)
- 8.4.1. China
- 8.4.1.1. By Application (Value & Volume)
- 8.4.1.1.1. Refractories
- 8.4.1.1.2. Foundries
- 8.4.1.1.3. Batteries
- 8.4.1.1.4. Friction Products
- 8.4.1.1.5. Lubricants
- 8.4.1.1.6. Recarburising
- 8.4.1.1.7. Others
- 8.4.2. Japan
- 8.4.2.1. By Application (Value & Volume)
- 8.4.2.1.1. Refractories
- 8.4.2.1.2. Foundries
- 8.4.2.1.3. Batteries
- 8.4.2.1.4. Friction Products
- 8.4.2.1.5. Lubricants
- 8.4.2.1.6. Recarburising
- 8.4.2.1.7. Others
- 8.4.3. India
- 8.4.3.1. By Application (Value & Volume)
- 8.4.3.1.1. Refractories
- 8.4.3.1.2. Foundries
- 8.4.3.1.3. Batteries
- 8.4.3.1.4. Friction Products
- 8.4.3.1.5. Lubricants
- 8.4.3.1.6. Recarburising
- 8.4.3.1.7. Others
- 8.4.4. ASEAN
- 8.4.4.1. By Application (Value & Volume)
- 8.4.4.1.1. Refractories
- 8.4.4.1.2. Foundries
- 8.4.4.1.3. Batteries
- 8.4.4.1.4. Friction Products
- 8.4.4.1.5. Lubricants
- 8.4.4.1.6. Recarburising
- 8.4.4.1.7. Others
- 8.4.5. Rest of Asia Pacific
- 8.4.5.1. By Application (Value & Volume)
- 8.4.5.1.1. Refractories
- 8.4.5.1.2. Foundries
- 8.4.5.1.3. Batteries
- 8.4.5.1.4. Friction Products
- 8.4.5.1.5. Lubricants
- 8.4.5.1.6. Recarburising
- 8.4.5.1.7. Others
- 9. Latin America Graphite Market Analysis, Insights and Forecast, 2019-2032
- 9.1. Key Findings / Summary
- 9.2. By Product (Value & Volume)
- 9.2.1. Synthetic
- 9.2.2. Natural
- 9.3. By Application (Value & Volume)
- 9.3.1. Refractories
- 9.3.2. Foundries
- 9.3.3. Batteries
- 9.3.4. Friction Products
- 9.3.5. Lubricants
- 9.3.6. Recarburising
- 9.3.7. Others
- 9.4. By Country (Value & Volume)
- 9.4.1. Brazil
- 9.4.1.1. By Application (Value & Volume)
- 9.4.1.1.1. Refractories
- 9.4.1.1.2. Foundries
- 9.4.1.1.3. Batteries
- 9.4.1.1.4. Friction Products
- 9.4.1.1.5. Lubricants
- 9.4.1.1.6. Recarburising
- 9.4.1.1.7. Others
- 9.4.2. Mexico
- 9.4.2.1. By Application (Value & Volume)
- 9.4.2.1.1. Refractories
- 9.4.2.1.2. Foundries
- 9.4.2.1.3. Batteries
- 9.4.2.1.4. Friction Products
- 9.4.2.1.5. Lubricants
- 9.4.2.1.6. Recarburising
- 9.4.2.1.7. Others
- 9.4.3. Rest of Latin America
- 9.4.3.1. By Application (Value & Volume)
- 9.4.3.1.1. Refractories
- 9.4.3.1.2. Foundries
- 9.4.3.1.3. Batteries
- 9.4.3.1.4. Friction Products
- 9.4.3.1.5. Lubricants
- 9.4.3.1.6. Recarburising
- 9.4.3.1.7. Others
- 10. Middle East & Africa Graphite Market Analysis, Insights and Forecast, 2019-2032
- 10.1. Key Findings / Summary
- 10.2. By Product (Value & Volume)
- 10.2.1. Synthetic
- 10.2.2. Natural
- 10.3. By Application (Value & Volume)
- 10.3.1. Refractories
- 10.3.2. Foundries
- 10.3.3. Batteries
- 10.3.4. Friction Products
- 10.3.5. Lubricants
- 10.3.6. Recarburising
- 10.3.7. Others
- 10.4. By Country (Value)
- 10.4.1. GCC
- 10.4.1.1. By Application (Value & Volume)
- 10.4.1.1.1. Refractories
- 10.4.1.1.2. Foundries
- 10.4.1.1.3. Batteries
- 10.4.1.1.4. Friction Products
- 10.4.1.1.5. Lubricants
- 10.4.1.1.6. Recarburising
- 10.4.1.1.7. Others
- 10.4.2. South Africa
- 10.4.2.1. By Application (Value & Volume)
- 10.4.2.1.1. Refractories
- 10.4.2.1.2. Foundries
- 10.4.2.1.3. Batteries
- 10.4.2.1.4. Friction Products
- 10.4.2.1.5. Lubricants
- 10.4.2.1.6. Recarburising
- 10.4.2.1.7. Others
- 10.4.3. Rest of Middle East and Africa
- 10.4.3.1. By Application (Value & Volume)
- 10.4.3.1.1. Refractories
- 10.4.3.1.2. Foundries
- 10.4.3.1.3. Batteries
- 10.4.3.1.4. Friction Products
- 10.4.3.1.5. Lubricants
- 10.4.3.1.6. Recarburising
- 10.4.3.1.7. Others
- 11. Company Profiles
- 11.1. AMG
- 11.1.1. Overview
- 11.1.2. Description
- 11.1.3. Product Portfolio
- 11.1.4. Financials (Data as available in public domain and/or on paid databases)
- 11.1.5. Recent Developments
- 11.2. Asbury Carbons
- 11.2.1. Overview
- 11.2.2. Description
- 11.2.3. Product Portfolio
- 11.2.4. Financials (Data as available in public domain and/or on paid databases)
- 11.2.5. Recent Developments
- 11.3. EagleGraphite
- 11.3.1. Overview
- 11.3.2. Description
- 11.3.3. Product Portfolio
- 11.3.4. Financials (Data as available in public domain and/or on paid databases)
- 11.3.5. Recent Developments
- 11.4. Stoker Concast Pvt. Ltd.
- 11.4.1. Overview
- 11.4.2. Description
- 11.4.3. Product Portfolio
- 11.4.4. Financials (Data as available in public domain and/or on paid databases)
- 11.4.5. Recent Developments
- 11.5. Grafitbergbau Kaisersberg GmbH
- 11.5.1. Overview
- 11.5.2. Description
- 11.5.3. Product Portfolio
- 11.5.4. Financials (Data as available in public domain and/or on paid databases)
- 11.5.5. Recent Developments
- 11.6. BTR NEW Material Group Co., Ltd.
- 11.6.1. Overview
- 11.6.2. Description
- 11.6.3. Product Portfolio
- 11.6.4. Financials (Data as available in public domain and/or on paid databases)
- 11.6.5. Recent Developments
- 11.7. Imerys S.A.
- 11.7.1. Overview
- 11.7.2. Description
- 11.7.3. Product Portfolio
- 11.7.4. Financials (Data as available in public domain and/or on paid databases)
- 11.7.5. Recent Developments
- 11.8. Nacional de Grafite
- 11.8.1. Overview
- 11.8.2. Description
- 11.8.3. Product Portfolio
- 11.8.4. Financials (Data as available in public domain and/or on paid databases)
- 11.8.5. Recent Developments
- 11.9. SGL Carbon
- 11.9.1. Overview
- 11.9.2. Description
- 11.9.3. Product Portfolio
- 11.9.4. Financials (Data as available in public domain and/or on paid databases)
- 11.9.5. Recent Developments
- 11.10. Mineral Commodities Ltd.
- 11.10.1. Overview
- 11.10.2. Description
- 11.10.3. Product Portfolio
- 11.10.4. Financials (Data as available in public domain and/or on paid databases)
- 11.10.5. Recent Developments
- 11.11. Superior Graphite
- 11.11.1. Overview
- 11.11.2. Description
- 11.11.3. Product Portfolio
- 11.11.4. Financials (Data as available in public domain and/or on paid databases)
- 11.11.5. Recent Developments
- 11.12. Tirupati Carbons & Chemicals Pvt. Ltd
- 11.12.1. Overview
- 11.12.2. Description
- 11.12.3. Product Portfolio
- 11.12.4. Financials (Data as available in public domain and/or on paid databases)
- 11.12.5. Recent Developments
- 12. Strategic Recommendationsa
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