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The global Graphite market size was valued at USD 16597.38 Million in 2022 and will reach USD 26973.44 Million in 2028, with a CAGR of 8.43% during 2022-2028.
Graphite is an occurring mineral form of carbon, consisting of a three-dimensional hexagonal crystal structure. It is a soft, black, lustrous mineral that is highly conductive and has a high melting point. Graphite is commonly used as a lubricant due to its low friction properties, and also as an electrode in batteries and fuel cells due to its ability to conduct electricity. It is also used in the production of steel and other metals, as well as in various industrial applications such as refractory materials, and as a component in various high-performance materials.
The Russian-Ukrainian war has amplified the sharp fluctuations in the crude oil market. In the context of low inventory and lack of global surplus capacity, perhaps only the soaring oil price will curb demand. Due to the fluctuation of crude oil market, the prices of raw materials for synthetic graphite such as petroleum coke and needle coke have risen in turn.
Drivers
1.Growing Demand for Lithium-ion Batteries
2.Increasing Demand from Steel Industry
3.Expansion of Graphene Applications
Challenges
1.Environmental Regulations
2.Trade Restrictions
Opportunities
1.Global infrastructure Development
2.Adopt a sustainable strategy
3.The new energy storage field is expected to continue to grow, providing opportunities for the industry
Region Overview:
North America had the highest growth rate of all regions
In 2022, the share of the Graphite market in Asia Pacific stood at 79.15%.
Company Overview:
Graftech International Ltd. is one of the major players operating in the Graphite market, holding a share of 7.40% in 2022.
The major players operating in the Graphite market include Graftech International Ltd., BTR New Energy Materials Inc., Resonac Corporation, SGL Carbon and Fangda Carbon, etc. Among which, Graftech International Ltd. ranked top in terms of sales and revenue in 2022.
Segmentation Overview:
Natural Graphite: Natural graphite is a mineral that is found in rocks and can be extracted through mining. It has a layered structure that makes it an excellent conductor of heat and electricity, and it is also resistant to chemical reactions. Natural graphite is commonly used in the production of pencils, lubricants, batteries, and as a reinforcement material in composites.
Synthetic Graphite: Synthetic graphite is made from carbon-based materials such as petroleum coke or coal tar pitch. It is produced through a process called graphitization, which involves heating the material to high temperatures under pressure. Synthetic graphite has a more uniform structure than natural graphite, which makes it a superior conductor of electricity and heat. It is commonly used in applications such as electrodes for electric arc furnaces, anodes for batteries, and in the aerospace industry for its high strength and stiffness.
The Synthetic Graphite segment by type showed a value growth of 8.51% in 2022.
Among different product types, Synthetic Graphite segment is anticipated to contribute the largest market share in 2027.
Application Overview:
Graphite has a wide range of applications across various industries, thanks to its unique properties such as high thermal conductivity, lubricity, electrical conductivity, and chemical resistance. Here are some of the major applications of graphite:
Electrodes: Graphite electrodes are used in electric arc furnaces to melt steel and other metals. They are made from high-quality graphite and are capable of withstanding high temperatures and corrosive environments.
Refractories: Graphite is used as a refractory material due to its high thermal stability and resistance to corrosion. It is used in the production of refractory bricks, linings, and crucibles.
Casting and foundries: Graphite molds are used in casting and foundries due to their high thermal conductivity, which helps in cooling the molten metal faster, reducing the cycle time for casting. Graphite is also used as a release agent in the casting process.
Batteries: Graphite is a major component in lithium-ion batteries, which are used in electric vehicles and other electronic devices. Graphite anodes in these batteries provide high energy storage capacity.
Lubricants: Graphite is used as a dry lubricant due to its low friction coefficient and chemical stability. It is commonly used in high-temperature applications where traditional lubricants may fail.
The Batteries segment by type showed a value growth of 17.67% in 2022.
By application, the Electrodes segment occupied the biggest share from 2018 to 2022.
The Graphite market report covers sufficient and comprehensive data on market introduction, segmentations, status and trends, opportunities and challenges, industry chain, competitive analysis, company profiles, and trade statistics, etc. It provides in-depth and all-scale analysis of each segment of types, applications, players, 5 major regions and sub-division of major countries, and sometimes end user, channel, technology, as well as other information individually tailored before order confirmation.
Meticulous research and analysis were conducted during the preparation process of the report. The qualitative and quantitative data were gained and verified through primary and secondary sources, which include but not limited to Magazines, Press Releases, Paid Databases, Maia Data Center, National Customs, Annual Reports, Public Databases, Expert interviews, etc. Besides, primary sources include extensive interviews of key opinion leaders and industry experts such as experienced front-line staff, directors, CEOs, and marketing executives, downstream distributors, as well as end-clients.
In this report, the historical period starts from 2018 to 2022, and the forecast period ranges from 2023 to 2028. The facts and data are demonstrated by tables, graphs, pie charts, and other pictorial representations, which enhances the effective visual representation and decision-making capabilities for business strategy.
Key Companies in the global Graphite market covered in Chapter 4:
Fangda Carbon
Black Rock Mining Limited
Tokai Carbon Co. Ltd.
Syrah Resources Limited
BTR New Energy Materials Inc.
SGL Carbon
Graftech International Ltd.
NextSource Materials Inc. (Energizer Resources Inc.)
Imerys Graphite & Carbon
Lianyungang Jinli Carbon Co. Ltd.
Mason Graphite, Inc.
Focus Graphite Inc.
Northern Graphite Corp.
Resonac Corporation
Nacional de Grafite
Asbury Carbons
Qingdao Black Dragon Graphite Co. Ltd
Triton Minerals Ltd.
In Chapter 12 and Chapter 14.1, on the basis of types, the Graphite market from 2018 to 2028 is primarily split into:
Natural Graphite
Synthetic Graphite
In Chapter 13 and Chapter 14.2, on the basis of the Downstream Industry, the Graphite market from 2018 to 2028 covers:
Electrodes
Refractories, Casting & Foundries
Batteries
Lubricants
Others
Geographically, the detailed analysis of consumption, revenue, market share and growth rate, history and forecast (2018-2028) of the following regions are covered in Chapters 6, 7, 8, 9, 10, 11, 15:
North America (United States, Canada, Mexico)
Europe (Germany, United Kingdom, France, Italy, Spain)
Asia Pacific (China, Japan, South Korea, India, Southeast Asia)
South America (Brazil, Argentina)
Middle East & Africa (Saudi Arabia, UAE, South Africa)
Outline:
Chapter 1 begins with the Graphite market scope and definition, product segment introduction, global overall market size, as well as market dynamics scenarios such as opportunities, challenges, and industry development trends under inflation. It offers a high-level view of the current state of the Graphite market and its likely evolution in the short to mid-term and long term.
Chapter 2 provides Graphite industry chain analysis, covering raw materials analysis, cost structure, price estimate, and forecast, along with price-impacting factors, downstream channels, and major customers. It aims to help readers to grab insights into product upstream, midstream, and downstream fields.
Chapter 3 depicts Graphite industry competitive analysis regarding market concentration rate, saturation rate, feasibility analysis from new entrants, as well as substitute's status and trends. It indicates the developing space and prospects of the current industry.
Chapter 4 analyzes extensive company profiles, comprising company basic info, product or service profiles, and sales, price, value, gross, and gross margin 2018-2023. It incorporates the Graphite market ranking, benchmarks, and company business portfolio.
Chapter 5 presents trade statistics of import and export volume from 2018-2023, demonstrating domestic and international market comparisons in specific countries.
Chapters 6-10 highlight Graphite market status at the regional and country levels, including 5 major regions of North America, Europe, Asia Pacific, the Middle East and Africa, and Latin America. The region and country list in the sample is only for reference, and it can be adjusted as required.
Chapter 11 involves geographical market figures of sales, value, market share, and growth rate. Economic, social, environmental, technological, and political factors have been taken into consideration while assessing the growth of each specific region.
Chapters 12-13 evaluate the Graphite market based on different types and applications. It focuses on sales and value of 2018-2023 from both vertical and horizontal perspectives.
Chapters 14-15 elaborate on the Graphite market forecast data from 2023-2028, segmented by types and applications, regions, and major countries, helping readers to know future aspects and growth trends.
Chapter 16 ends with an elaboration of data sources and research methodology. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.
2022
Graphite is an occurring mineral form of carbon, consisting of a three-dimensional hexagonal crystal structure. It is a soft, black, lustrous mineral that is highly conductive and has a high melting point. Graphite is commonly used as a lubricant due to its low friction properties, and also as an electrode in batteries and fuel cells due to its ability to conduct electricity. It is also used in the production of steel and other metals, as well as in various industrial applications such as refractory materials, and as a component in various high-performance materials.
The Russian-Ukrainian war has amplified the sharp fluctuations in the crude oil market. In the context of low inventory and lack of global surplus capacity, perhaps only the soaring oil price will curb demand. Due to the fluctuation of crude oil market, the prices of raw materials for synthetic graphite such as petroleum coke and needle coke have risen in turn.
Drivers
1.Growing Demand for Lithium-ion Batteries
2.Increasing Demand from Steel Industry
3.Expansion of Graphene Applications
Challenges
1.Environmental Regulations
2.Trade Restrictions
Opportunities
1.Global infrastructure Development
2.Adopt a sustainable strategy
3.The new energy storage field is expected to continue to grow, providing opportunities for the industry
Region Overview:
North America had the highest growth rate of all regions
In 2022, the share of the Graphite market in Asia Pacific stood at 79.15%.
Company Overview:
Graftech International Ltd. is one of the major players operating in the Graphite market, holding a share of 7.40% in 2022.
The major players operating in the Graphite market include Graftech International Ltd., BTR New Energy Materials Inc., Resonac Corporation, SGL Carbon and Fangda Carbon, etc. Among which, Graftech International Ltd. ranked top in terms of sales and revenue in 2022.
Segmentation Overview:
Natural Graphite: Natural graphite is a mineral that is found in rocks and can be extracted through mining. It has a layered structure that makes it an excellent conductor of heat and electricity, and it is also resistant to chemical reactions. Natural graphite is commonly used in the production of pencils, lubricants, batteries, and as a reinforcement material in composites.
Synthetic Graphite: Synthetic graphite is made from carbon-based materials such as petroleum coke or coal tar pitch. It is produced through a process called graphitization, which involves heating the material to high temperatures under pressure. Synthetic graphite has a more uniform structure than natural graphite, which makes it a superior conductor of electricity and heat. It is commonly used in applications such as electrodes for electric arc furnaces, anodes for batteries, and in the aerospace industry for its high strength and stiffness.
The Synthetic Graphite segment by type showed a value growth of 8.51% in 2022.
Among different product types, Synthetic Graphite segment is anticipated to contribute the largest market share in 2027.
Application Overview:
Graphite has a wide range of applications across various industries, thanks to its unique properties such as high thermal conductivity, lubricity, electrical conductivity, and chemical resistance. Here are some of the major applications of graphite:
Electrodes: Graphite electrodes are used in electric arc furnaces to melt steel and other metals. They are made from high-quality graphite and are capable of withstanding high temperatures and corrosive environments.
Refractories: Graphite is used as a refractory material due to its high thermal stability and resistance to corrosion. It is used in the production of refractory bricks, linings, and crucibles.
Casting and foundries: Graphite molds are used in casting and foundries due to their high thermal conductivity, which helps in cooling the molten metal faster, reducing the cycle time for casting. Graphite is also used as a release agent in the casting process.
Batteries: Graphite is a major component in lithium-ion batteries, which are used in electric vehicles and other electronic devices. Graphite anodes in these batteries provide high energy storage capacity.
Lubricants: Graphite is used as a dry lubricant due to its low friction coefficient and chemical stability. It is commonly used in high-temperature applications where traditional lubricants may fail.
The Batteries segment by type showed a value growth of 17.67% in 2022.
By application, the Electrodes segment occupied the biggest share from 2018 to 2022.
The Graphite market report covers sufficient and comprehensive data on market introduction, segmentations, status and trends, opportunities and challenges, industry chain, competitive analysis, company profiles, and trade statistics, etc. It provides in-depth and all-scale analysis of each segment of types, applications, players, 5 major regions and sub-division of major countries, and sometimes end user, channel, technology, as well as other information individually tailored before order confirmation.
Meticulous research and analysis were conducted during the preparation process of the report. The qualitative and quantitative data were gained and verified through primary and secondary sources, which include but not limited to Magazines, Press Releases, Paid Databases, Maia Data Center, National Customs, Annual Reports, Public Databases, Expert interviews, etc. Besides, primary sources include extensive interviews of key opinion leaders and industry experts such as experienced front-line staff, directors, CEOs, and marketing executives, downstream distributors, as well as end-clients.
In this report, the historical period starts from 2018 to 2022, and the forecast period ranges from 2023 to 2028. The facts and data are demonstrated by tables, graphs, pie charts, and other pictorial representations, which enhances the effective visual representation and decision-making capabilities for business strategy.
Key Companies in the global Graphite market covered in Chapter 4:
Fangda Carbon
Black Rock Mining Limited
Tokai Carbon Co. Ltd.
Syrah Resources Limited
BTR New Energy Materials Inc.
SGL Carbon
Graftech International Ltd.
NextSource Materials Inc. (Energizer Resources Inc.)
Imerys Graphite & Carbon
Lianyungang Jinli Carbon Co. Ltd.
Mason Graphite, Inc.
Focus Graphite Inc.
Northern Graphite Corp.
Resonac Corporation
Nacional de Grafite
Asbury Carbons
Qingdao Black Dragon Graphite Co. Ltd
Triton Minerals Ltd.
In Chapter 12 and Chapter 14.1, on the basis of types, the Graphite market from 2018 to 2028 is primarily split into:
Natural Graphite
Synthetic Graphite
In Chapter 13 and Chapter 14.2, on the basis of the Downstream Industry, the Graphite market from 2018 to 2028 covers:
Electrodes
Refractories, Casting & Foundries
Batteries
Lubricants
Others
Geographically, the detailed analysis of consumption, revenue, market share and growth rate, history and forecast (2018-2028) of the following regions are covered in Chapters 6, 7, 8, 9, 10, 11, 15:
North America (United States, Canada, Mexico)
Europe (Germany, United Kingdom, France, Italy, Spain)
Asia Pacific (China, Japan, South Korea, India, Southeast Asia)
South America (Brazil, Argentina)
Middle East & Africa (Saudi Arabia, UAE, South Africa)
Outline:
Chapter 1 begins with the Graphite market scope and definition, product segment introduction, global overall market size, as well as market dynamics scenarios such as opportunities, challenges, and industry development trends under inflation. It offers a high-level view of the current state of the Graphite market and its likely evolution in the short to mid-term and long term.
Chapter 2 provides Graphite industry chain analysis, covering raw materials analysis, cost structure, price estimate, and forecast, along with price-impacting factors, downstream channels, and major customers. It aims to help readers to grab insights into product upstream, midstream, and downstream fields.
Chapter 3 depicts Graphite industry competitive analysis regarding market concentration rate, saturation rate, feasibility analysis from new entrants, as well as substitute's status and trends. It indicates the developing space and prospects of the current industry.
Chapter 4 analyzes extensive company profiles, comprising company basic info, product or service profiles, and sales, price, value, gross, and gross margin 2018-2023. It incorporates the Graphite market ranking, benchmarks, and company business portfolio.
Chapter 5 presents trade statistics of import and export volume from 2018-2023, demonstrating domestic and international market comparisons in specific countries.
Chapters 6-10 highlight Graphite market status at the regional and country levels, including 5 major regions of North America, Europe, Asia Pacific, the Middle East and Africa, and Latin America. The region and country list in the sample is only for reference, and it can be adjusted as required.
Chapter 11 involves geographical market figures of sales, value, market share, and growth rate. Economic, social, environmental, technological, and political factors have been taken into consideration while assessing the growth of each specific region.
Chapters 12-13 evaluate the Graphite market based on different types and applications. It focuses on sales and value of 2018-2023 from both vertical and horizontal perspectives.
Chapters 14-15 elaborate on the Graphite market forecast data from 2023-2028, segmented by types and applications, regions, and major countries, helping readers to know future aspects and growth trends.
Chapter 16 ends with an elaboration of data sources and research methodology. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.
Years considered for this report:
Historical Years:
2018-2022Base Year:
2022Estimated Year:
2023Forecast Period:
2023-2028Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
- By product type
- By End User/Applications
- By Technology
- By Region
The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
