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Graphite Market Booms Amid Rising Demand in EVs and Renewable Energy Sectors

05-14-2025 08:26 AM CET | Chemicals & Materials

Press release from: Persistence Market Research

Graphite Market

Graphite Market

Overview of the Market

The global graphite market is undergoing a transformative phase, fueled by rising demand across key industrial sectors. In 2016, China accounted for nearly 70% of the global natural graphite production, establishing itself as the dominant player with a production capacity of approximately 750,000 tonnes per year. However, this dominance is projected to moderate due to emerging supplies from other countries and a diversifying global supply chain.

As per industry analysis, a surge in demand from electric vehicle (EV) manufacturers and lithium-ion battery producers is anticipated to drive market growth. High-quality graphite, used as an anode material in batteries, is witnessing a steep demand curve. Among all regions, Asia-Pacific remains the largest market, primarily led by China due to its massive production capacity and proximity to end-use industries.

Get a Sample PDF Brochure of the Report (Use Corporate Email ID for a Quick Response): https://www.persistencemarketresearch.com/samples/3367

Key Highlights from the Report

• China currently accounts for ~70% of global natural graphite production.
• Demand for graphite in lithium-ion batteries is projected to grow by ~200%.
• Around 40,000 tonnes of graphite will be needed for 500 pebble bed nuclear reactors in the U.S. by 2020.
• SGL Group formed a joint venture with BMW to produce graphite-based CFRP for electric vehicles.
• MEA region is showing potential growth despite environmental and regulatory hurdles.
• Flake graphite comprised nearly 49% of global natural graphite consumption in 2010.

Market Segmentation

The graphite market is segmented into natural graphite and synthetic graphite under the product type category. Natural graphite, which includes flake, vein, and amorphous types, is primarily used in refractories, batteries, and lubricants. Synthetic graphite, typically used in electric arc furnaces and other industrial applications, holds significant value in high-temperature applications due to its superior purity and conductivity.

On the basis of application, the market is divided into batteries, refractories, lubricants, foundry, and automotive parts. Among these, the battery segment is rapidly gaining traction due to the exponential growth in demand for lithium-ion batteries in electric vehicles and portable electronics. Additionally, the automotive industry's shift toward lightweight materials further amplifies demand for graphite in components like brake linings and clutch plates.

Regional Insights

Asia-Pacific

Asia-Pacific, led by China, dominates the global graphite market owing to its massive natural reserves and high production capacity. With strong government support for electric vehicle manufacturing and battery storage, China is expected to remain a central hub for graphite production and consumption.

North America & Europe

North America, especially the U.S., is experiencing increased graphite demand due to large-scale battery factory investments and growing EV penetration. Europe, led by Germany and the U.K., is witnessing steady growth due to strong demand for paid mobile and electric mobility solutions supported by advanced automotive sectors and environmental regulations.

Market Drivers

The most significant driver for the graphite market is the skyrocketing demand for lithium-ion batteries, where graphite is used as the primary anode material. As electric vehicles and renewable energy storage solutions proliferate, the need for graphite is expected to surge by over 200% in the coming years. Additionally, technological advances and investments in gigafactories-such as the 35GWh lithium-ion battery plant in Nevada-are set to propel demand even further.

Market Restraints

Despite promising growth, the graphite market faces several headwinds. A major challenge is the downturn in the steel industry, which traditionally accounted for a substantial share of flake graphite consumption. An unbalanced global supply-demand scenario and overcapacity in steel-producing countries like China and India have negatively affected graphite electrode demand, thereby impacting the market.

Market Opportunities

Opportunities abound in emerging technologies such as nuclear pebble bed reactors, where graphite is used as a moderator. These reactors use around 3,000 tonnes of graphite each and offer safer, more efficient energy generation. Additionally, increasing adoption of graphite-based composite materials in electric vehicles for lightweighting and energy efficiency represents a high-growth area for market players.

Reasons to Buy the Report

✔ Comprehensive analysis of key trends shaping the global graphite market across multiple regions.
✔ Detailed segmentation insights by product type, application, and geography.
✔ In-depth review of demand drivers including EV and lithium-ion battery industry growth.
✔ Identification of investment hotspots and high-growth opportunities.
✔ Evaluation of key risks, restraints, and regulatory impacts on market expansion.

Company Insights

Key players operating in the global graphite market include:

1. SGL Carbon
2. GrafTech International
3. Syrah Resources
4. Tokai Carbon
5. Imerys Graphite & Carbon
6. Mason Graphite
7. Focus Graphite
8. Asbury Carbons
9. AMG Advanced Metallurgical Group
10. Tirupati Graphite

Recent Developments:

• SGL Group entered into a joint venture with BMW to produce CFRP components using graphite for the BMW i-series EVs.

• China Nuclear Engineering Group (CNEG) announced a plan to build a fourth-generation nuclear power station, set to boost graphite demand upon its operationalization.

Contact Us:

Persistence Market Research
G04 Golden Mile House, Clayponds Lane
Brentford, London, TW8 0GU UK
USA Phone: +1 646-878-6329
UK Phone: +44 203-837-5656
Email: sales@persistencemarketresearch.com
Web: https://www.persistencemarketresearch.com

About Persistence Market Research:

At Persistence Market Research, we specialize in creating research studies that serve as strategic tools for driving business growth. Established as a proprietary firm in 2012, we have evolved into a registered company in England and Wales in 2023 under the name Persistence Research & Consultancy Services Ltd. With a solid foundation, we have completed over 3600 custom and syndicate market research projects, and delivered more than 2700 projects for other leading market research companies' clients.

Our approach combines traditional market research methods with modern tools to offer comprehensive research solutions. With a decade of experience, we pride ourselves on deriving actionable insights from data to help businesses stay ahead of the competition. Our client base spans multinational corporations, leading consulting firms, investment funds, and government departments. A significant portion of our sales comes from repeat clients, a testament to the value and trust we've built over the years.

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