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.