PUBLISHER: Grand View Research | PRODUCT CODE: 1790500
PUBLISHER: Grand View Research | PRODUCT CODE: 1790500
Graphite Market Summary
The global graphite market size was estimated at USD 12.55 billion in 2024 and is projected to reach USD 23.87 billion by 2033, growing at a CAGR of 7.6% from 2025 to 2033.The demand for graphite is anticipated to be driven by its usage in electrodes and refractories.
Graphite is becoming increasingly vital in the global transition toward clean energy, sustainable mobility, and advanced industrial processes. Its unique properties, such as high electrical and thermal conductivity, excellent lubricity, and chemical inertness, make it essential across various applications. The material is pivotal in energy storage, especially in lithium-ion batteries, the primary anode material. As electric vehicle (EV) adoption accelerates and renewable energy deployment scales up, the demand for graphite continues to rise significantly.
Sustainability initiatives and recycling are increasingly important in shaping the market's future. Graphite recovery from spent lithium-ion batteries is gaining momentum as part of broader circular economic efforts. In addition, industry players invest in R&D to develop greener production technologies and secure stable, low-emission supply chains. Graphite will remain at the forefront of material innovation and strategic resource planning for years as the world moves toward electrification and carbon neutrality.
Global Graphite Market Report Segmentation
This report forecasts global, country, and regional revenue and volume growth and analyzes the latest trends in each sub-segment from 2021 to 2033. For this study, Grand View Research has segmented the global graphite market report by form, end use, and region.