Graphite Market is Expected to Reach $38.5 by 2031 - GrafTech International, Graphite India Limited, Nippon Graphite Industries Co. Ltd,

The global Graphite Market was valued at USD $23.8 billion in 2024 and is projected to grow to USD $38.5 billion by 2031, with a compound annual growth rate (CAGR) of 6.2% during the forecast period from 2024 to 2031.

The growth in demand for graphite will be significantly influenced by the development and expansion of new lubricants for various industrial applications. Additionally, advancements in graphite-based compounds are being explored to enhance the efficiency of next-generation electric vehicle batteries.

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Market Dynamics:

Growing Production of Electric Vehicles (EVs)

Generous government subsidies and incentives are expected to accelerate the transition to electric vehicles (EVs). In 2022, global EV production exceeded 10 million units for the first time, and many automotive manufacturers are planning a full shift to electric vehicles by 2035.

Lithium-ion batteries continue to be the preferred choice for EVs due to their high energy density and extended lifespan. Consequently, graphite remains the material of choice for electrode production in these batteries. As demand increases, companies are investing in expanding their production capacity to meet the growing need for battery materials.

Segment Covered in the Graphite Market:

By Type: Natural Graphite, Synthetic Graphite

By Application: Lubrication, Refractories, Foundry, Battery Production, Others

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Major Key players involved in Graphite Market:

• GrafTech International
• Graphite India Limited
• Nippon Graphite Industries Co. Ltd
• Tokai Carbon
• HEG Limited
• Energizer Resources Inc.
• Focus Graphite Inc.,
• Showa Denko K.K.
• Sangraf International
• Amg Advanced Metallurgical Group N.V

Regional Analysis:

The global Graphite Market report focuses on six major regions: North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa.

The Graphite Market report focuses on six major regions: North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa. The report offers detailed insight into new product launches, new technology evolutions, innovative services, and ongoing R&D. The report discusses a qualitative and quantitative market analysis, including PEST analysis, SWOT analysis, and Porter's five force analysis. The Transradial Access Devices Market report also provides fundamental details such as raw material sources, distribution networks, methodologies, production capacities, industry supply chain, and product specifications.

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