PUBLISHER: Grand View Research | PRODUCT CODE: 1814161
PUBLISHER: Grand View Research | PRODUCT CODE: 1814161
The Middle East graphite market size was estimated at USD 254.1 million in 2024 and is projected to reach USD 406.0 million by 2033, growing at a CAGR of 8.9% between 2025 and 2033. The market is driven by increasing demand from the steelmaking and foundry industries, supported by ongoing infrastructure and industrial projects.
The rising adoption of graphite in energy storage applications, including lithium-ion batteries, further accelerates market growth. Graphite is gaining strategic importance in the Middle East's shift toward clean energy, sustainable mobility, and advanced industrial sectors. Graphite plays a crucial role in high-performance applications with its exceptional electrical and thermal conductivity, superior lubricity, and chemical stability. Graphite demand is rising rapidly in the region's growing energy storage market-particularly in lithium-ion batteries, which serve as the primary anode material. As Middle Eastern nations accelerate electric vehicle (EV) adoption, invest in renewable energy projects, and expand advanced manufacturing, graphite is emerging as a key enabler of the region's energy transition and industrial diversification goals.
Sustainability initiatives and recycling are becoming central to the market outlook. Recovery of graphite from spent lithium-ion batteries is gaining traction as part of wider circular economy strategies aligned with national sustainability agendas. Regional industry stakeholders increasingly invest in R&D to develop cleaner production technologies, reduce carbon footprints, and establish resilient, low-emission supply chains. As Middle Eastern economies intensify their push toward electrification, renewable integration, and carbon neutrality targets, graphite will remain a pivotal material in innovation, resource security, and the region's broader energy transition plans.
Middle East Graphite Market Report Segmentation
This report forecasts country and regional revenue growth and analyzes the latest trends in each sub-segment from 2021 to 2033. For this study, Grand View Research has segmented the Middle East graphite market report based on form and end use: