Graphite Market

Global Industry Analysis (2017 - 2020) - Growth Trends and Market Forecast (2021 - 2025)

Published Date: Aug 2021 | Format: | No. of Pages: 159

Industry: Chemicals & Materials | Author Name: Harshad

Graphite: A Promising Material for Cleaner Energy Technologies                    

Carbon is present in two most well-known crystalline forms  graphite and diamond. Each have a unique arrangement of carbon atoms resulting in distinct physical properties, making them popular forms of carbon acro-ss major industries. Graphite derived from Greek word, ‘Graphein’, meaning ‘to write’, is a unique soft crystalline material that exhibits properties of both metal and non-metal. Graphite is one of the most promising materials in the era of technological revolutions. The renewable energy market is rushing to mine this rough diamond, as it is a vital material to renewable and cleaner energy generation such as solar panels and EV batteries.

In graphite, carbon atoms are organized hexagonally in a planar condensed ring structure, wherein layers are stacked parallelly. It is found in igneous and metamorphic rocks. It can be found naturally as well as produced synthetically. Synthetically in can be produced through wide range of carbon comprising substances such as coal tar pitch, petrochemicals, coals, and acetylene). At temperature levels higher than 4000oC (super-heated), the carbon atoms reorganize themselves into layers to from graphite.

Synthetic graphite is known to have better purity (over 99% carbon content) than natural graphite and is used is high-end applications wherein graphite purity is the priority. Graphite has excellent electrical conductivity, high mechanical strength, better lubricity, low coefficient of thermal expansion & friction, and good thermal shock resistance. According to Fairfield Market Research, the global graphite market is estimated to be worth US$ 26.8 Bn by the end of 2025 from US$ 16.4 Bn in 2017. During the forecast years of 2021 and 2025, the market is expected to register a CAGR of 8.5%.      

Synthetic Graphite Dominates but Immense Growth Opportunities for Natural Graphite

Synthetic graphite accounted for more than 60% of the total graphite market in 2019. It is used in range of applications including electrodes, Li-ion battery anodes, synthetic carbon, lubricants, foundries, refractory materials, conductive fillers, coatings, graphite shapes, and recarburisers. Majority of the synthetic graphite is consumed for electrodes. These electrodes are used in electric arc furnaces (EAF) and melting furnaces in steel making and silicon plants. In the past few years, steel production with EAF technology has increased and is expected to boost the demand for graphite electrodes. Synthetic graphite is preferred as compared to its natural counterpart owing to its ability to handle very high electric currents due to its high conductivity and purity.

Natural graphite is available in two major categories: amorphous and flake graphite. Flake graphite holds more than half of the share of natural graphite and is one of the fastest-growing product categories owing to rise in demand from rechargeable batteries. Flake graphite is converted into spherical graphite (SpG), a product with superior purity and electrical conductivity making it an ideal material for anodes in Li-ion batteries. Natural graphite flakes are used in the production of flexible or expanded graphite, one of the fastest-growing markets for Li-ion batteries. It is manufactured by treating natural flake graphite with diluted acid solution and heating to cause expansion in the process splitting the flakes apart. This product has huge market potential in thermal management and battery storage applications, which is anticipated to thrust the development of graphite market over the coming years.     

Electrodes, Refractories to Remain Major Traditional End User, Battery to Exhibit Huge Market Potential   

Steel production and other metallurgical activities such as electrodes, refractories & foundries, recarburisers, and friction products are the largest consumers of graphite currently, accounting for more than 65% of the total graphite market. High purity graphite electrodes are consumed every 8-10 hours in steel manufacturing with EAF technology. Currently, EAF technology accounts for around 1/4th of the total steelmaking and the growth is expected to accelerate over coming years thus driving the demand for graphite electrodes. EAF steelmaking production is considered as a big winner in the race to produce steel in carbon neutral and eco-friendlier way. With growing demand for steel from various end users such as automotive, aerospace, and electronics, the demand for graphite is likely to boost over the years to come.  

Rechargeable Li-ion batteries is one of the fastest-growing applications with a huge market potential for graphite. Batteries segment is anticipated to growth with a CAGR of 14.1% between 2021 and 2025. The world LIB production is anticipated to reach 1,500 GWh by 2025. Graphite is the most dominant anode materials used in Li-ion batteries. Graphite is most used in lithium manganese oxide (LMO), lithium cobalt oxide (LCO), and lithium iron phosphate (LFP) batteries. Although, batteries represent relatively small share in the global graphite market, with technological advancements the sector offers the largest growth opportunity for spherical and expanded graphite over the coming years. Li-ion battery growth is majorly driven by vehicle electrification, electronic devices, and grid storage.

Asia Pacific Will Continue to Dominate Demand for Graphite  

Asia Pacific, led by China, remained the major consumer of graphite worldwide. Asia Pacific accounted for more than 55% of the volume share in 2019. China is the world’s largest producer of steel accounting for more than half of the total production (1,869.9 million tons) in 2019. In the past few years, China has ramped up the production of EAF steel mills wherein, graphite electrodes are in great demand. Furthermore, other countries in Asia Pacific region such as India and other Southeast Asian countries are expected to add new EAF-based steel mills over the coming years. This is expected to boost the growth of graphite in the region. Countries such as China, Japan, and South Korea are also of the largest producers of Li-ion batteries and battery materials, who are likely to offer huge growth potential for graphite.

Companies in Europe and North America are developing an integrated supply chain for graphite owing to rising response to the graphite anodes from the battery sector. Growing investment in e-mobility and battery grid storage is projected to enhance the consumption of graphite in these regions. Additionally, demand from traditional end users such as steelmaking and refractories is expected to remain stable over the coming years.      

New Capacity Expansion, Strategic Alliances to Take Centerstage

In the past few years, the global graphite market has witnessed fierce competition. Both natural and synthetic graphite markets are consolidated, wherein companies with integrated business operations are dominating the synthetic graphite market. Companies such as Shenzhen BTR New Materials, Shanshan Technology, Showa Denko Materials Co. Ltd., Nacional de Grafite, Qingdao Haida Graphite Co., Ltd., and Aoyu Graphite Group accounted for more than 50% of the total graphite market. China based companies dominate the natural graphite market accounting for around 60% of the global natural graphite production.

In 2020, Imerys announced plans to expand its synthetic graphite capacity at its Bodio plant, Switzerland. The company aims to increase its presence in synthetic graphite value and plans to meet growing demand from Li-ion battery sector in Europe, Asia, and North America.

In 2020, Novonix Limited announced strategic alliances with Harper International Corporation to develop furnace technology. The specialized technology will enhance Novonix’s synthetic graphite production process. This partnership will enable Novonix to produce greater quantities synthetic graphite anode material and scale more quickly and cost effectively in the future.

1. Executive Summary
      1.1. Global Graphite Market Snapshot
      1.2. Future Projections
      1.3. Key Market Trends
      1.4. Analyst Recommendations

2. Market Overview
      2.1. Market Definitions and Segmentations
      2.2. Market Dynamics
            2.2.1. Drivers
            2.2.2. Restraints
            2.2.3. Market Opportunities
      2.3. Value Chain Analysis
      2.4. Porter’s Five Forces Analysis
      2.5. Covid-19 Impact Analysis
            2.5.1. Supply
            2.5.2. Demand
      2.6. Graphite Production Process
      2.7. Economic Overview 
      2.8. Raw Materials Impact Analysis

 

3. Production Output and Trade Statistics

 

4. Price Trends Analysis and Future Projects, 2017 - 2025
      4.1. Price Trends Analysis and Future Projects, 2017 - 2025 
      4.2. Global Average Price Analysis, by Product vs Application, US$ per Kg

 

5. Global Graphite Market Outlook, 2017 - 2025
      5.1. Global Graphite Market Outlook, by Product, Volume (Kilo Tons) and Value (US$ Mn), 2017 - 2025
            5.1.1. Key Highlights
                  5.1.1.1. Natural Graphite
                       5.1.1.1.1. Flake
                       5.1.1.1.2. Amorphous
                       5.1.1.1.3. Vein
                 5.1.1.2. Synthetic Graphite 
      5.2. Global Graphite Market Outlook, by Application, Volume (Kilo Tons) and Value (US$ Mn), 2017 - 2025
            5.2.1. Key Highlights
                 5.2.1.1. Electrodes
                 5.2.1.2. Refractories & Foundries
                 5.2.1.3. Batteries
                 5.2.1.4. Recarburiser
                 5.2.1.5. Lubricants
                 5.2.1.6. Friction Products
                 5.2.1.7. Misc. (Graphite Shapes, Aerospace Materials, etc.)
      5.3. Global Graphite Market Outlook, by Region, Volume (Kilo Tons) and Value (US$ Mn), 2017 - 2025
            5.3.1. Key Highlights
                 5.3.1.1. North America
                 5.3.1.2. Europe
                 5.3.1.3. Asia Pacific
                 5.3.1.4. Latin America
                 5.3.1.5. Middle East & Africa

 

6. North America Graphite Market Outlook, 2017 - 2025
      6.1. North America Graphite Market Outlook, by Product, Volume (Kilo Tons) and Value (US$ Mn), 2017 - 2025
            6.1.1. Key Highlights
                 6.1.1.1. Natural Graphite
                       6.1.1.1.1. Flake
                       6.1.1.1.2. Amorphous
                       6.1.1.1.3. Vein
                 6.1.1.2. Synthetic Graphite 
            6.1.2. BPS Analysis/Market Attractiveness Analysis
      6.2. North America Graphite Market Outlook, by Application, Volume (Kilo Tons) and Value (US$ Mn), 2017 - 2025
            6.2.1. Key Highlights
                 6.2.1.1. Electrodes
                 6.2.1.2. Refractories & Foundries
                 6.2.1.3. Batteries
                 6.2.1.4. Recarburiser
                 6.2.1.5. Lubricants
                 6.2.1.6. Friction Products
                 6.2.1.7. Misc. (Graphite Shapes, Aerospace Materials, etc.)
            6.2.2. BPS Analysis/Market Attractiveness Analysis
      6.3. North America Graphite Market Outlook, by Country, Volume (Kilo Tons) and Value (US$ Mn), 2017 - 2025
            6.3.1. Key Highlights
                 6.3.1.1. U.S. Graphite Market by Product, Volume (Kilo Tons) and Value (US$ Mn), 2017 - 2025
                 6.3.1.2. U.S. Graphite Market by Application, Volume (Kilo Tons) and Value (US$ Mn), 2017 - 2025
                 6.3.1.3. Canada Graphite Market by Product, Volume (Kilo Tons) and Value (US$ Mn), 2017 - 2025
                 6.3.1.4. Canada Graphite Market by Application, Volume (Kilo Tons) and Value (US$ Mn), 2017 - 2025
            6.3.2. BPS Analysis/Market Attractiveness Analysis

 

7. Europe Graphite Market Outlook, 2017 - 2025
      7.1. Europe Graphite Market Outlook, by Product, Volume (Kilo Tons) and Value (US$ Mn), 2017 - 2025
            7.1.1. Key Highlights
                 7.1.1.1. Natural Graphite
                       7.1.1.1.1. Flake
                       7.1.1.1.2. Amorphous
                       7.1.1.1.3. Vein
                 7.1.1.2. Synthetic Graphite 
            7.1.2. BPS Analysis/Market Attractiveness Analysis
      7.2. Europe Graphite Market Outlook, by Application, Volume (Kilo Tons) and Value (US$ Mn), 2017 - 2025
            7.2.1. Key Highlights
                 7.2.1.1. Electrodes
                 7.2.1.2. Refractories & Foundries
                 7.2.1.3. Batteries
                 7.2.1.4. Recarburiser
                 7.2.1.5. Lubricants
                 7.2.1.6. Friction Products
                 7.2.1.7. Misc. (Graphite Shapes, Aerospace Materials, etc.)
            7.2.2. BPS Analysis/Market Attractiveness Analysis
      7.3. Europe Graphite Market Outlook, by Country, Volume (Kilo Tons) and Value (US$ Mn), 2017 - 2025
            7.3.1. Key Highlights
                 7.3.1.1. Germany Graphite Market by Product, Volume (Kilo Tons) and Value (US$ Mn), 2017 - 2025
                 7.3.1.2. Germany Graphite Market by Application, Volume (Kilo Tons) and Value (US$ Mn), 2017 - 2025
                 7.3.1.3. U.K. Graphite Market by Product, Volume (Kilo Tons) and Value (US$ Mn), 2017 - 2025
                 7.3.1.4. U.K. Graphite Market by Application, Volume (Kilo Tons) and Value (US$ Mn), 2017 - 2025
                 7.3.1.5. France Graphite Market by Product, Volume (Kilo Tons) and Value (US$ Mn), 2017 - 2025
                 7.3.1.6. France Graphite Market by Application, Volume (Kilo Tons) and Value (US$ Mn), 2017 - 2025
                 7.3.1.7. Italy Graphite Market by Product, Volume (Kilo Tons) and Value (US$ Mn), 2017 - 2025
                 7.3.1.8. Italy Graphite Market by Application, Volume (Kilo Tons) and Value (US$ Mn), 2017 - 2025
                 7.3.1.9. Spain Graphite Market by Product, Volume (Kilo Tons) and Value (US$ Mn), 2017 - 2025
                 7.3.1.10. Spain Graphite Market by Application, Volume (Kilo Tons) and Value (US$ Mn), 2017 - 2025
                 7.3.1.11. Russia Graphite Market by Product, Volume (Kilo Tons) and Value (US$ Mn), 2017 - 2025
                 7.3.1.12. Russia Graphite Market by Application, Volume (Kilo Tons) and Value (US$ Mn), 2017 - 2025
                 7.3.1.13. Rest of Europe Graphite Market by Product, Volume (Kilo Tons) and Value (US$ Mn), 2017 - 2025
                 7.3.1.14. Rest of Europe Graphite Market by Application, Volume (Kilo Tons) and Value (US$ Mn), 2017 - 2025
            7.3.2. BPS Analysis/Market Attractiveness Analysis

 

8. Asia Pacific Graphite Market Outlook, 2017 - 2025
      8.1. Asia Pacific Graphite Market Outlook, by Product, Volume (Kilo Tons) and Value (US$ Mn), 2017 - 2025
            8.1.1. Key Highlights
                 8.1.1.1. Natural Graphite
                       8.1.1.1.1. Flake
                       8.1.1.1.2. Amorphous
                       8.1.1.1.3. Vein
                 8.1.1.2. Synthetic Graphite 
            8.1.2. BPS Analysis/Market Attractiveness Analysis
      8.2. Asia Pacific Graphite Market Outlook, by Application, Volume (Kilo Tons) and Value (US$ Mn), 2017 - 2025
            8.2.1. Key Highlights
                 8.2.1.1. Electrodes
                 8.2.1.2. Refractories & Foundries
                 8.2.1.3. Batteries
                 8.2.1.4. Recarburiser
                 8.2.1.5. Lubricants
                 8.2.1.6. Friction Products
                 8.2.1.7. Misc. (Graphite Shapes, Aerospace Materials, etc.)
            8.2.2. BPS Analysis/Market Attractiveness Analysis
      8.3. Asia Pacific Graphite Market Outlook, by Country, Volume (Kilo Tons) and Value (US$ Mn), 2017 - 2025
            8.3.1. Key Highlights
                 8.3.1.1. China Graphite Market by Product, Volume (Kilo Tons) and Value (US$ Mn), 2017 - 2025
                 8.3.1.2. China Graphite Market by Application, Volume (Kilo Tons) and Value (US$ Mn), 2017 - 2025
                 8.3.1.3. Japan Graphite Market by Product, Volume (Kilo Tons) and Value (US$ Mn), 2017 - 2025
                 8.3.1.4. Japan Graphite Market by Application, Volume (Kilo Tons) and Value (US$ Mn), 2017 - 2025
                 8.3.1.5. South Korea Graphite Market by Product, Volume (Kilo Tons) and Value (US$ Mn), 2017 - 2025
                 8.3.1.6. South Korea Graphite Market by Application, Volume (Kilo Tons) and Value (US$ Mn), 2017 - 2025
                 8.3.1.7. India Graphite Market by Product, Volume (Kilo Tons) and Value (US$ Mn), 2017 - 2025
                 8.3.1.8. India Graphite Market by Application, Volume (Kilo Tons) and Value (US$ Mn), 2017 - 2025
                 8.3.1.9. Southeast Asia Graphite Market by Product, Volume (Kilo Tons) and Value (US$ Mn), 2017 - 2025
                 8.3.1.10. Southeast Asia Graphite Market by Application, Volume (Kilo Tons) and Value (US$ Mn), 2017 - 2025
                 8.3.1.11. Rest of Asia Pacific Graphite Market by Product, Volume (Kilo Tons) and Value (US$ Mn), 2017 - 2025
                 8.3.1.12. Rest of Asia Pacific Graphite Market by Application, Volume (Kilo Tons) and Value (US$ Mn), 2017 - 2025
            8.3.2. BPS Analysis/Market Attractiveness Analysis

 

9. Latin America Graphite Market Outlook, 2017 - 2025
      9.1. Latin America Graphite Market Outlook, by Product, Volume (Kilo Tons) and Value (US$ Mn), 2017 - 2025
            9.1.1. Key Highlights
                 9.1.1.1. Natural Graphite
                       9.1.1.1.1. Flake
                       9.1.1.1.2. Amorphous
                       9.1.1.1.3. Vein
                 9.1.1.2. Synthetic Graphite 
            9.1.2. BPS Analysis/Market Attractiveness Analysis
      9.2. Latin America Graphite Market Outlook, by Application, Volume (Kilo Tons) and Value (US$ Mn), 2017 - 2025
            9.2.1. Key Highlights
                 9.2.1.1. Electrodes
                 9.2.1.2. Refractories & Foundries
                 9.2.1.3. Batteries
                 9.2.1.4. Recarburiser
                 9.2.1.5. Lubricants
                 9.2.1.6. Friction Products
                 9.2.1.7. Misc. (Graphite Shapes, Aerospace Materials, etc.)
            9.2.2. BPS Analysis/Market Attractiveness Analysis
      9.3. Latin America Graphite Market Outlook, by Country, Volume (Kilo Tons) and Value (US$ Mn), 2017 - 2025
            9.3.1. Key Highlights
                 9.3.1.1. Brazil Graphite Market by Product, Volume (Kilo Tons) and Value (US$ Mn), 2017 - 2025
                 9.3.1.2. Brazil Graphite Market by Application, Volume (Kilo Tons) and Value (US$ Mn), 2017 - 2025
                 9.3.1.3. Mexico Graphite Market by Product, Volume (Kilo Tons) and Value (US$ Mn), 2017 - 2025
                 9.3.1.4. Mexico Graphite Market by Application, Volume (Kilo Tons) and Value (US$ Mn), 2017 - 2025
                 9.3.1.5. Rest of Latin America Graphite Market by Product, Volume (Kilo Tons) and Value (US$ Mn), 2017 - 2025
                 9.3.1.6. Rest of Latin America Graphite Market by Application, Volume (Kilo Tons) and Value (US$ Mn), 2017 - 2025
            9.3.2. BPS Analysis/Market Attractiveness Analysis

 

10. Middle East & Africa Graphite Market Outlook, 2017 - 2025
      10.1. Middle East & Africa Graphite Market Outlook, by Product, Volume (Kilo Tons) and Value (US$ Mn), 2017 - 2025
            10.1.1. Key Highlights
                 10.1.1.1. Natural Graphite
                       10.1.1.1.1. Flake
                       10.1.1.1.2. Amorphous
                       10.1.1.1.3. Vein
                 10.1.1.2. Synthetic Graphite 
            10.1.2. BPS Analysis/Market Attractiveness Analysis
      10.2. Middle East & Africa Graphite Market Outlook, by Application, Volume (Kilo Tons) and Value (US$ Mn), 2017 - 2025
            10.2.1. Key Highlights
                 10.2.1.1. Electrodes
                 10.2.1.2. Refractories & Foundries
                 10.2.1.3. Batteries
                 10.2.1.4. Recarburiser
                 10.2.1.5. Lubricants
                 10.2.1.6. Friction Products
                 10.2.1.7. Misc. (Graphite Shapes, Aerospace Materials, etc.)
            10.2.2. BPS Analysis/Market Attractiveness Analysis
      10.3. Middle East & Africa Graphite Market Outlook, by Country, Volume (Kilo Tons) and Value (US$ Mn), 2017 - 2025
            10.3.1. Key Highlights
                 10.3.1.1. GCC Graphite Market by Product, Volume (Kilo Tons) and Value (US$ Mn), 2017 - 2025
                 10.3.1.2. GCC Graphite Market by Application, Volume (Kilo Tons) and Value (US$ Mn), 2017 - 2025
                 10.3.1.3. South Africa Graphite Market by Product, Volume (Kilo Tons) and Value (US$ Mn), 2017 - 2025
                 10.3.1.4. South Africa Graphite Market by Application, Volume (Kilo Tons) and Value (US$ Mn), 2017 - 2025
                 10.3.1.5. Rest of Middle East & Africa Graphite Market by Product, Volume (Kilo Tons) and Value (US$ Mn), 2017 - 2025
                 10.3.1.6. Rest of Middle East & Africa Graphite Market by Application, Volume (Kilo Tons) and Value (US$ Mn), 2017 - 2025
            10.3.2. BPS Analysis/Market Attractiveness Analysis

 

11. Competitive Landscape
      11.1. Product vs Application Heatmap
      11.2. Graphite Market Structure
      11.3. Company Market Share Analysis, 2019
      11.4. Technological Developments
      11.5. Company Manufacturing Footprint Analysis
      11.6. Company Profiles
            11.6.1. Shenzhen BTR New Materials
                 11.6.1.1. Company Overview
                 11.6.1.2. Product Portfolio
                 11.6.1.3. Financial Overview 
                 11.6.1.4. Business Strategies and Development
            11.6.2. Shanshan Technology
                 11.6.2.1. Company Overview
                 11.6.2.2. Product  Portfolio
                 11.6.2.3. Financial Overview 
                 11.6.2.4. Business Strategies and Development
            11.6.3. Showa Denko Materials Co. Ltd.
                 11.6.3.1. Company Overview
                 11.6.3.2. Product Portfolio
                 11.6.3.3. Financial Overview 
                 11.6.3.4. Business Strategies and Development
            11.6.4. Mitsubishi Chemical
                 11.6.4.1. Company Overview
                 11.6.4.2. Product Portfolio
                 11.6.4.3. Financial Overview 
                 11.6.4.4. Business Strategies and Development
            11.6.5. Nacional de Grafite
                 11.6.5.1. Company Overview
                 11.6.5.2. Product Portfolio
                 11.6.5.3. Production Capacities 
                 11.6.5.4. Business Strategies and Development
            11.6.6. Hunan Zhongke Shinzoom Technology Co., Ltd.
                 11.6.6.1. Company Overview
                 11.6.6.2. Product Portfolio
                 11.6.6.3. Financial Overview 
                 11.6.6.4. Business Strategies and Development
            11.6.7. Hensen Graphite 
                 11.6.7.1. Company Overview
                 11.6.7.2. Product Portfolio
                 11.6.7.3. Production Capacities 
                 11.6.7.4. Business Strategies and Development
            11.6.8. Aoyu Graphite Group 
                 11.6.8.1. Company Overview
                 11.6.8.2. Product Portfolio
                 11.6.8.3. Production Capacities 
                 11.6.8.4. Business Strategies and Development
            11.6.9. Qingdao Haida Graphite Co., Ltd. 
                 11.6.9.1. Company Overview
                 11.6.9.2. Product Portfolio
                 11.6.9.3. Production Capacities 
                 11.6.9.4. Business Strategies and Development
            11.6.10. Nippon Graphite Industries, Ltd. 
                 11.6.10.1. Company Overview
                 11.6.10.2. Product Portfolio
                 11.6.10.3. Production Capacities 
                 11.6.10.4. Business Strategies and Development
            11.6.11. Superior Graphite Co. 
                 11.6.11.1. Company Overview
                 11.6.11.2. Product Portfolio
                 11.6.11.3. Production Capacities 
                 11.6.11.4. Business Strategies and Development

 

12. Appendix
      12.1. Research Methodology
      12.2. Report Assumptions
      12.3. Acronyms and Abbreviations

BASE YEAR

HISTORICAL DATA

FORECAST PERIOD

UNITS

 

2019

   

2017 - 2019

 

  2021 - 2025

Value: US$ Million

Volume: Kilo Tons 

 

REPORT FEATURES

DETAILS

Product Coverage

  • Natural Graphite
    • Flake
    • Amorphous
    • Vein
  • Synthetic Graphite

Application Coverage

  • Electrodes
  • Refractories & Foundries
  • Batteries
  • Recarburiser
  • Lubricants
  • Friction Products
  • Misc. (Graphite Shapes, Aerospace Materials, etc.)

Geographical Coverage

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Turkey
    • Russia
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • South Korea
    • India
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • Iran
    • Rest of Middle East & Africa

Leading Companies

  • Shenzhen BTR New Materials
  • Shanshan Technology
  • Showa Denko Materials Co. Ltd.
  • Mitsubishi Chemical
  • Nacional de Grafite
  • Hunan Zhongke Shinzoom Technology Co., Ltd.
  • Hensen Graphite
  • Aoyu Graphite Group
  • Qingdao Haida Graphite Co., Ltd.
  • Nippon Graphite Industries, Ltd.
  • Superior Graphite Co.

Report Highlights

Market Estimates and Forecast, Market Dynamics, Industry Trends, Competition Landscape, Product-, Application-, Region-, Country-wise Trends & Analysis, COVID-19 Impact Analysis (Demand and Supply Chain), Key Trends

 

FAQ : Graphite Market

The global graphite market is expected to be valued at US$26.8 Bn by the end of 2025, wherein synthetic graphite accounts 85% of the total market value.

Fairfield Market Research projects the global graphite market to grow with a CAGR of 7.2% by 2025, chiefly driven by robust outlook for natural flake graphite.

Growing demand for graphite electrodes in EAF steel manufacturing coupled with flourishing rechargeable batteries market are the key factors influencing the demand for graphite.

With more than 55% share, Asia Pacific is anticipated to hold the highest volume share by 2025. Countries such as China, Japan, and South Korea are major manufacturing hubs for lithium-ion batteries, and the demand for graphite as an anode material will boost the overall graphite market in the region.

To compete in a China dominated graphite market, non-China based graphite companies are focusing on strategic alliances with graphite mining companies to secure long-term supply of flake concentrate to remain competitive.
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