PUBLISHER: Polaris Market Research | PRODUCT CODE: 1507195
PUBLISHER: Polaris Market Research | PRODUCT CODE: 1507195
Graphite Market Share, Size, Trends, Industry Analysis Report, By Product (Natural Graphite, Synthetic Graphite); By Application; By Region; Segment Forecast, 2024 - 2032
The global graphite market size is expected to reach USD 13,476.70 Million by 2032, according to a new study by Polaris Market Research. The report "Graphite Market Share, Size, Trends, Industry Analysis Report, By Product (Natural Graphite, Synthetic Graphite); By Application; By Region; Segment Forecast, 2024 - 2032" gives a detailed insight into current market dynamics and provides analysis on future market growth.
The growing demand for lithium-ion batteries is a major driver in the graphite market, propelled by the rapid expansion of electric vehicles (EVs) and renewable energy storage systems. Graphite's pivotal role in lithium-ion batteries lies in its use as an anode material. The anode is crucial for battery performance, as it stores and releases lithium ions during charging and discharging cycles. Graphite's stable structure allows it to host a large number of lithium ions, making it an ideal material for this purpose. This characteristic ensures efficient energy storage and delivery, enhancing the overall performance and lifespan of the battery.
The refractory industry, essential for high-temperature processes, heavily relies on the graphite industry due to the unique properties of graphite. Graphite's high thermal conductivity, resistance to thermal shock, and chemical inertness make it an invaluable material in the production of refractory products such as bricks, crucibles, and linings for furnaces and kilns. These graphite-based refractories are crucial for industries like steel, glass, and cement, where they are used to withstand extreme temperatures and harsh chemical environments, ensuring the integrity and longevity of the equipment driving the market of graphite.
For instance, according to Department for Promotion of Industry and Internal Trade (India), the proposed investment value in the glass sector in India for fiscal year 2021 amounted to INR 57.12 billion (~USD 0.77 billion) as compared to the fiscal year 2020 with proposed amount of INR 5.67 billion (~USD 0.08 billion).
Graphite's application in the semiconductor and electronic devices industry is increasingly critical due to its exceptional electrical conductivity and thermal management properties. In the production of semiconductors, graphite is used in various stages, including the creation of high-purity graphite crucibles essential for silicon wafer manufacturing. Its ability to withstand high temperatures without degrading makes it ideal for the controlled environment needed in semiconductor fabrication. Additionally, graphite is employed in the production of graphene, a single layer of carbon atoms with outstanding electrical and mechanical properties. Graphene, derived from graphite, is revolutionizing the electronics industry with applications in flexible displays, high-speed transistors, and advanced sensors due to its high conductivity and strength.
Graphite Market Report Highlights
In 2023, the batteries segment accounted for the largest market share owing to the world transitions towards renewable energy and electric mobility, the battery industry's reliance on graphite.
The synthetic graphite segment is expected to grow at the fastest CAGR during the forecast period. The growing demand for electric vehicles (EVs) and the rapid expansion of renewable energy technologies drive the need for high-performance graphite materials in lithium-ion batteries and fuel cells
In 2023, Asia Pacific dominated the largest market. Countries like India, China, Japan, and other Asian nations, with their large populations and increasing use of electric vehicles (EVs).
North America is expected to grow at the fastest CAGR in Graphite market. With the push towards reducing carbon emissions and transitioning to electric mobility, the demand for graphite in North America is expected to rise.
The global key market players are Toyo Tanso Co., Ltd., Tokai Carbon Co. Ltd, HEG Limited, Graphite India Limited, GrafTech International Ltd., Mersen Group, SGL Carbon, NEXTSource Materials Inc., and others.
Polaris Market Research has segmented the graphite market repair report based on product, application, and region.
Graphite, Product Outlook (Revenue - USD Million, 2019 - 2032)
- Natural Graphite
- Synthetic Graphite
Graphite, Application Outlook (Revenue - USD Million, 2019 - 2032)
- Batteries
- Electrodes
- Refractories
- Recarburisers
- Lubricants
- Foundry
- Others
Graphite, Regional Outlook (Revenue - USD Million, 2019 - 2032)
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Netherlands
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Indonesia
- Malaysia
- Australia
- Rest of Asia Pacific
- Latin America
- Argentina
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- UAE
- Saudi Arabia
- Israel
- South Africa
- Rest of Middle East & Africa
Table of Contents
1. Introduction
- 1.1. Report Description
- 1.1.1. Objectives of the Study
- 1.1.2. Market Scope
- 1.1.3. Assumptions
- 1.2. Stakeholders
2. Executive Summary
- 2.1. Market Highlights
3. Research Methodology
- 3.1. Overview
- 3.1.1. Data Mining
- 3.2. Data Sources
- 3.2.1. Primary Sources
- 3.2.2. Secondary Sources
4. Global Graphite Market Insights
- 4.1. Graphite Market - Industry Snapshot
- 4.2. Graphite Market Dynamics
- 4.2.1. Drivers and Opportunities
- 4.2.1.1. Growth in usage in green technologies
- 4.2.1.2. High demand for lithium-ion batteries
- 4.2.2. Restraints and Challenges
- 4.2.2.1. Stringent rules & regulations, and compliance standards pertaining to graphite lead to higher costs
- 4.2.1. Drivers and Opportunities
- 4.3. Porter's Five Forces Analysis
- 4.3.1. Bargaining Power of Suppliers (Moderate)
- 4.3.2. Threats of New Entrants: (Low)
- 4.3.3. Bargaining Power of Buyers (Moderate)
- 4.3.4. Threat of Substitute (Moderate)
- 4.3.5. Rivalry among existing firms (High)
- 4.4. PESTLE Analysis
- 4.5. Graphite Industry trends
- 4.6. Value Chain Analysis
- 4.7. COVID-19 Impact Analysis
5. Global Graphite Market, by Product
- 5.1. Key Findings
- 5.2. Introduction
- 5.2.1. Global Graphite, by Product, 2019-2032 (USD Million)
- 5.3. Natural Graphite
- 5.3.1. Global Graphite Market, by Natural Graphite, by Region, 2019-2032 (USD Million)
- 5.4. Synthetic Graphite
- 5.4.1. Global Graphite Market, by Synthetic Graphite, by Region, 2019-2032 (USD Million)
6. Global Graphite Market, by Application
- 6.1. Key Findings
- 6.2. Introduction
- 6.2.1. Global Graphite Market, by Application, 2019-2032 (USD Million)
- 6.3. Batteries
- 6.3.1. Global Graphite Market, by Batteries, by Region, 2019-2032 (USD Million)
- 6.4. Electrodes
- 6.4.1. Global Graphite Market, by Electrodes, by Region, 2019-2032 (USD Million)
- 6.5. Refractories
- 6.5.1. Global Graphite Market, by Refractories, by Region, 2019-2032 (USD Million)
- 6.6. Recarburisers
- 6.6.1. Global Graphite Market, by Recarburisers, by Region, 2019-2032 (USD Million)
- 6.7. Lubricants
- 6.7.1. Global Graphite Market, by Lubricants, by Region, 2019-2032 (USD Million)
- 6.8. Foundry
- 6.8.1. Global Graphite Market, by Foundry, by Region, 2019-2032 (USD Million)
- 6.9. Others
- 6.9.1. Global Graphite Market, by Others, by Region, 2019-2032 (USD Million)
7. Global Graphite Market, by Geography
- 7.1. Key findings
- 7.2. Introduction
- 7.2.1. Graphite Market Assessment, By Geography, 2019-2032 (USD Million)
- 7.3. Graphite Market - North America
- 7.3.1. North America: Graphite Market, by Application, 2019-2032 (USD Million)
- 7.3.2. North America: Graphite Market, by Product, 2019-2032 (USD Million)
- 7.3.3. Graphite Market - U.S.
- 7.3.3.1. U.S.: Graphite Market, by Application, 2019-2032 (USD Million)
- 7.3.3.2. U.S.: Graphite Market, by Product, 2019-2032 (USD Million)
- 7.3.4. Graphite Market - Canada
- 7.3.4.1. Canada: Graphite Market, by Application, 2019-2032 (USD Million)
- 7.3.4.2. Canada: Graphite Market, by Product, 2019-2032 (USD Million)
- 7.4. Graphite Market - Europe
- 7.4.1. Europe: Graphite Market, by Application, 2019-2032 (USD Million)
- 7.4.2. Europe: Graphite Market, by Product, 2019-2032 (USD Million)
- 7.4.3. Graphite Market - UK
- 7.4.3.1. UK: Graphite Market, by Application, 2019-2032 (USD Million)
- 7.4.3.2. UK: Graphite Market, by Product, 2019-2032 (USD Million)
- 7.4.4. Graphite Market - France
- 7.4.4.1. France: Graphite Market, by Application, 2019-2032 (USD Million)
- 7.4.4.2. France: Graphite Market, by Product, 2019-2032 (USD Million)
- 7.4.5. Graphite Market - Germany
- 7.4.5.1. Germany: Graphite Market, by Application, 2019-2032 (USD Million)
- 7.4.5.2. Germany: Graphite Market, by Product, 2019-2032 (USD Million)
- 7.4.6. Graphite Market - Italy
- 7.4.6.1. Italy: Graphite Market, by Application, 2019-2032 (USD Million)
- 7.4.6.2. Italy: Graphite Market, by Product, 2019-2032 (USD Million)
- 7.4.7. Graphite Market - Spain
- 7.4.7.1. Spain: Graphite Market, by Application, 2019-2032 (USD Million)
- 7.4.7.2. Spain: Graphite Market, by Product, 2019-2032 (USD Million)
- 7.4.8. Graphite Market - Netherlands
- 7.4.8.1. Netherlands: Graphite Market, by Application, 2019-2032 (USD Million)
- 7.4.8.2. Netherlands: Graphite Market, by Product, 2019-2032 (USD Million)
- 7.4.9. Graphite Market - Russia
- 7.4.9.1. Russia: Graphite Market, by Application, 2019-2032 (USD Million)
- 7.4.9.2. Russia: Graphite Market, by Product, 2019-2032 (USD Million)
- 7.5. Graphite Market - Asia Pacific
- 7.5.1. Asia Pacific: Graphite Market, by Application, 2019-2032 (USD Million)
- 7.5.2. Asia Pacific: Graphite Market, by Product, 2019-2032 (USD Million)
- 7.5.3. Graphite Market - China
- 7.5.3.1. China: Graphite Market, by Application, 2019-2032 (USD Million)
- 7.5.3.2. China: Graphite Market, by Product, 2019-2032 (USD Million)
- 7.5.4. Graphite Market - India
- 7.5.4.1. India: Graphite Market, by Application, 2019-2032 (USD Million)
- 7.5.4.2. India: Graphite Market, by Product, 2019-2032 (USD Million)
- 7.5.5. Graphite Market - Malaysia
- 7.5.5.1. Malaysia: Graphite Market, by Application, 2019-2032 (USD Million)
- 7.5.5.2. Malaysia: Graphite Market, by Product, 2019-2032 (USD Million)
- 7.5.6. Graphite Market - Japan
- 7.5.6.1. Japan: Graphite Market, by Application, 2019-2032 (USD Million)
- 7.5.6.2. Japan: Graphite Market, by Product, 2019-2032 (USD Million)
- 7.5.7. Graphite Market - Indonesia
- 7.5.7.1. Indonesia: Graphite Market, by Application, 2019-2032 (USD Million)
- 7.5.7.2. Indonesia: Graphite Market, by Product, 2019-2032 (USD Million)
- 7.5.8. Graphite Market - South Korea
- 7.5.8.1. South Korea: Graphite Market, by Application, 2019-2032 (USD Million)
- 7.5.8.2. South Korea: Graphite Market, by Product, 2019-2032 (USD Million)
- 7.6. Graphite Market - Middle East & Africa
- 7.6.1. Middle East & Africa: Graphite Market, by Application, 2019-2032 (USD Million)
- 7.6.2. Middle East & Africa: Graphite Market, by Product, 2019-2032 (USD Million)
- 7.6.3. Graphite Market - Saudi Arabia
- 7.6.3.1. Saudi Arabia: Graphite Market, by Application, 2019-2032 (USD Million)
- 7.6.3.2. Saudi Arabia: Graphite Market, by Product, 2019-2032 (USD Million)
- 7.6.4. Graphite Market - UAE
- 7.6.4.1. UAE: Graphite Market, by Application, 2019-2032 (USD Million)
- 7.6.4.2. UAE: Graphite Market, by Product, 2019-2032 (USD Million)
- 7.6.5. Graphite Market - Israel
- 7.6.5.1. Israel: Graphite Market, by Application, 2019-2032 (USD Million)
- 7.6.5.2. Israel: Graphite Market, by Product, 2019-2032 (USD Million)
- 7.6.6. Graphite Market - South Africa
- 7.6.6.1. South Africa: Graphite Market, by Application, 2019-2032 (USD Million)
- 7.6.6.2. South Africa: Graphite Market, by Product, 2019-2032 (USD Million)
- 7.7. Graphite Market - Latin America
- 7.7.1. Latin America: Graphite Market, by Application, 2019-2032 (USD Million)
- 7.7.2. Latin America: Graphite Market, by Product, 2019-2032 (USD Million)
- 7.7.3. Graphite Market - Mexico
- 7.7.3.1. Mexico: Graphite Market, by Application, 2019-2032 (USD Million)
- 7.7.3.2. Mexico: Graphite Market, by Product, 2019-2032 (USD Million)
- 7.7.4. Graphite Market - Brazil
- 7.7.4.1. Brazil: Graphite Market, by Application, 2019-2032 (USD Million)
- 7.7.4.2. Brazil: Graphite Market, by Product, 2019-2032 (USD Million)
- 7.7.5. Graphite Market - Argentina
- 7.7.5.1. Argentina: Graphite Market, by Application, 2019-2032 (USD Million)
- 7.7.5.2. Argentina: Graphite Market, by Product, 2019-2032 (USD Million)
8. Competitive Landscape
- 8.1. Expansion and Acquisition Analysis
- 8.1.1. Expansion
- 8.1.2. Acquisitions
- 8.2. Partnerships/Collaborations/Agreements/Exhibitions
9. Company Profiles
- 9.1. Toyo Tanso Co., Ltd
- 9.1.1. Company Overview
- 9.1.2. Financial Performance
- 9.1.3. Product Benchmarking
- 9.1.4. Recent Development
- 9.2. Tokai Carbon Co. Ltd
- 9.2.1. Company Overview
- 9.2.2. Financial Performance
- 9.2.3. Product Benchmarking
- 9.2.4. Recent Development
- 9.3. HEG Limited
- 9.3.1. Company Overview
- 9.3.2. Financial Performance
- 9.3.3. Product Benchmarking
- 9.3.4. Recent Development
- 9.4. Graphite India Limited
- 9.4.1. Company Overview
- 9.4.2. Financial Performance
- 9.4.3. Product Benchmarking
- 9.4.4. Recent Development
- 9.5. GrafTech International Ltd.
- 9.5.1. Company Overview
- 9.5.2. Financial Performance
- 9.5.3. Product Benchmarking
- 9.5.4. Recent Development
- 9.6. Mersen Group
- 9.6.1. Company Overview
- 9.6.2. Financial Performance
- 9.6.3. Product Benchmarking
- 9.6.4. Recent Development
- 9.7. SGL Carbon
- 9.7.1. Company Overview
- 9.7.2. Financial Performance
- 9.7.3. Product Benchmarking
- 9.7.4. Recent Development
- 9.8. NEXTSource Materials Inc.
- 9.8.1. Company Overview
- 9.8.2. Financial Performance
- 9.8.3. Product Benchmarking
- 9.8.4. Recent Development
- 9.9. Focus Graphite
- 9.9.1. Company Overview
- 9.9.2. Financial Performance
- 9.9.3. Product Benchmarking
- 9.9.4. Recent Development
- 9.10. Mason Resources Inc.
- 9.10.1. Company Overview
- 9.10.2. Financial Performance
- 9.10.3. Product Benchmarking
- 9.10.4. Recent Development
- 9.11. Syrah Resources Limited
- 9.11.1. Company Overview
- 9.11.2. Financial Performance
- 9.11.3. Product Benchmarking
- 9.11.4. Recent Development
- 9.12. Mitsubishi Chemical Group Corporation.
- 9.12.1. Company Overview
- 9.12.2. Financial Performance
- 9.12.3. Product Benchmarking
- 9.12.4. Recent Development
List of Tables
- Table 1 Global Graphite Market, by Application, 2019-2032 (USD Million)
- Table 2 Global Graphite Market, by Product, 2019-2032 (USD Million)
- Table 3 Graphite Market Assessment, By Geography, 2019-2032 (USD Million)
- Table 4 North America: Graphite Market, by Application, 2019-2032 (USD Million)
- Table 5 North America: Graphite Market, by Product, 2019-2032 (USD Million)
- Table 6 U.S.: Graphite Market, by Application, 2019-2032 (USD Million)
- Table 7 U.S.: Graphite Market, by Product, 2019-2032 (USD Million)
- Table 8 Canada: Graphite Market, by Application, 2019-2032 (USD Million)
- Table 9 Canada: Graphite Market, by Product, 2019-2032 (USD Million)
- Table 10 Europe: Graphite Market, by Application, 2019-2032 (USD Million)
- Table 11 Europe: Graphite Market, by Product, 2019-2032 (USD Million)
- Table 12 UK: Graphite Market, by Application, 2019-2032 (USD Million)
- Table 13 UK: Graphite Market, by Product, 2019-2032 (USD Million)
- Table 14 France: Graphite Market, by Application, 2019-2032 (USD Million)
- Table 15 France: Graphite Market, by Product, 2019-2032 (USD Million)
- Table 16 Germany: Graphite Market, by Application, 2019-2032 (USD Million)
- Table 17 Germany: Graphite Market, by Product, 2019-2032 (USD Million)
- Table 18 Italy: Graphite Market, by Application, 2019-2032 (USD Million)
- Table 19 Italy: Graphite Market, by Product, 2019-2032 (USD Million)
- Table 20 Spain: Graphite Market, by Application, 2019-2032 (USD Million)
- Table 21 Spain: Graphite Market, by Product, 2019-2032 (USD Million)
- Table 22 Netherlands: Graphite Market, by Application, 2019-2032 (USD Million)
- Table 23 Netherlands: Graphite Market, by Product, 2019-2032 (USD Million)
- Table 24 Russia: Graphite Market, by Application, 2019-2032 (USD Million)
- Table 25 Russia: Graphite Market, by Product, 2019-2032 (USD Million)
- Table 26 Asia Pacific: Graphite Market, by Application, 2019-2032 (USD Million)
- Table 27 Asia Pacific: Graphite Market, by Product, 2019-2032 (USD Million)
- Table 28 China: Graphite Market, by Application, 2019-2032 (USD Million)
- Table 29 China: Graphite Market, by Product, 2019-2032 (USD Million)
- Table 30 India: Graphite Market, by Application, 2019-2032 (USD Million)
- Table 31 India: Graphite Market, by Product, 2019-2032 (USD Million)
- Table 32 Malaysia: Graphite Market, by Application, 2019-2032 (USD Million)
- Table 33 Malaysia: Graphite Market, by Product, 2019-2032 (USD Million)
- Table 34 Japan: Graphite Market, by Application, 2019-2032 (USD Million)
- Table 35 Japan: Graphite Market, by Product, 2019-2032 (USD Million)
- Table 36 Indonesia: Graphite Market, by Application, 2019-2032 (USD Million)
- Table 37 Indonesia: Graphite Market, by Product, 2019-2032 (USD Million)
- Table 38 South Korea: Graphite Market, by Application, 2019-2032 (USD Million)
- Table 39 South Korea: Graphite Market, by Product, 2019-2032 (USD Million)
- Table 40 Middle East & Africa: Graphite Market, by Application, 2019-2032 (USD Million)
- Table 41 Middle East & Africa: Graphite Market, by Product, 2019-2032 (USD Million)
- Table 42 Saudi Arabia: Graphite Market, by Application, 2019-2032 (USD Million)
- Table 43 Saudi Arabia: Graphite Market, by Product, 2019-2032 (USD Million)
- Table 44 UAE: Graphite Market, by Application, 2019-2032 (USD Million)
- Table 45 UAE: Graphite Market, by Product, 2019-2032 (USD Million)
- Table 46 Israel: Graphite Market, by Application, 2019-2032 (USD Million)
- Table 47 Israel: Graphite Market, by Product, 2019-2032 (USD Million)
- Table 48 South Africa: Graphite Market, by Application, 2019-2032 (USD Million)
- Table 49 South Africa: Graphite Market, by Product, 2019-2032 (USD Million)
- Table 50 Latin America: Graphite Market, by Application, 2019-2032 (USD Million)
- Table 51 Latin America: Graphite Market, by Product, 2019-2032 (USD Million)
- Table 52 Mexico: Graphite Market, by Application, 2019-2032 (USD Million)
- Table 53 Mexico: Graphite Market, by Product, 2019-2032 (USD Million)
- Table 54 Brazil: Graphite Market, by Application, 2019-2032 (USD Million)
- Table 55 Brazil: Graphite Market, by Product, 2019-2032 (USD Million)
- Table 56 Argentina: Graphite Market, by Application, 2019-2032 (USD Million)
- Table 57 Argentina: Graphite Market, by Product, 2019-2032 (USD Million)
List of Figures
- Figure 1 Global Graphite Market, 2019-2032 (USD Million)
- Figure 2 Integrated Ecosystem
- Figure 3 Research Methodology: Top-Down & Bottom-Up Approach
- Figure 4 Market by Geography
- Figure 5 Porter's Five Forces
- Figure 6 Market by Application
- Figure 7 Global Graphite Market, by Application, 2022 & 2032 (USD Million)
- Figure 8 Market by Product
- Figure 9 Global Graphite Market, by Product, 2022 & 2032 (USD Million)
- Figure 10 Graphite Market Assessment, By Geography, 2019-2032 (USD Million)
- Figure 11 Strategic Analysis - Graphite Market
