PUBLISHER: Grand View Research | PRODUCT CODE: 1870006
PUBLISHER: Grand View Research | PRODUCT CODE: 1870006
U.S. Synthetic Graphite Market Size, Share & Trends Analysis Report By Product (Electrodes, Powder), By Application (Lithium Ion Batteries, Foundry And Metallurgy), And Segment Forecasts, 2025 - 2033
U.S. Synthetic Graphite Market Summary
The U.S. synthetic graphite market size was estimated at USD 1.35 billion in 2024, projected to reach USD 2.14 billion by 2033, at a CAGR of 5.3% from 2025 to 2033. This market's growth is driven by government initiatives, technological progress, and corporate investments focused on building a domestic supply chain for critical battery materials. The effort to expand the adoption of electric vehicles (EVs) and clean energy solutions is a key factor favoring market growth.
Significant funding through the U.S. government programs, such as the Battery Materials Processing Grants, aimed at ensuring and supporting the establishment of materials processing facilities for critical materials, contributes to market growth. Innovations also drive the market, with companies developing new, more sustainable production methods. Market players are engaging in strategic partnerships and focusing on investments, which underscores how innovation in material production and corporate expansion directly influence the growth and stability of the domestic supply chain. In November 2024, NOVONIX Limited and Stellantis NV announced the signing of an agreement for high-performance synthetic graphite material for up to a target volume of 115,000 tonnes. NOVONIX plans to build a new production facility in the southeastern U.S. This facility is expected to have an initial capacity of 30,000 tpa and potentially expand to 75,000 tpa.
Strategic corporate investments significantly drive the U.S. synthetic graphite industry, with several companies announcing plans for large-scale production facilities. In June 2023, Novonix Limited and LG Energy Solutions (LGES) signed a Joint Research and Development Agreement (JDA) for artificial graphite anode material for the lithium-ion battery production process.
U.S. Synthetic Graphite Market Report Segmentation
This report forecasts revenue growth at the country level and provides an analysis of the latest industry trends in each of the sub-segments from 2021 to 2033. For this study, Grand View Research has segmented the U.S. synthetic graphite market report based on product and application:
- Product Outlook (Revenue, USD Billion, 2021 - 2033)
- Electrodes
- Blocks and Rounds
- Powder
- Others
- Application Outlook (Revenue, USD Billion, 2021 - 2033)
- Lithium Ion Batteries
- Foundry and Metallurgy
- Electrical Components
- Lubricants and Greases
- Others
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Research Methodology
- 1.2. Research Scope & Assumption
- 1.3. Information Procurement
- 1.3.1. Purchased Database
- 1.3.2. GVR's Internal Database
- 1.3.3. Secondary Sources & Third-Party Perspectives
- 1.3.4. Primary Research
- 1.4. Information Analysis
- 1.4.1. Data Analysis Models
- 1.5. Market Estimation & Data Visualization
- 1.6. List of Data Sources
Chapter 2. Executive Summary
- 2.1. Market Outlook, 2024 (USD Billion)
- 2.2. Segmental Outlook
- 2.2.1. Product outlook
- 2.2.2. Application outlook
- 2.3. Competitive Insights
Chapter 3. U.S. Synthetic Graphite Market Variables, Trends & Scope
- 3.1. Market Lineage Outlook
- 3.1.1. Parent market outlook
- 3.1.2. Related/ancillary market outlook
- 3.2. Market Dynamics
- 3.2.1. Market driver analysis
- 3.2.2. Market restraint analysis
- 3.3. U.S. Synthetic Graphite Market Analysis Tools
- 3.3.1. Industry Analysis - Porter's
- 3.3.1.1. Supplier power
- 3.3.1.2. Buyer power
- 3.3.1.3. Substitution threat
- 3.3.1.4. Threat of new entrant
- 3.3.1.5. Competitive rivalry
- 3.3.2. PESTEL Analysis
- 3.3.1. Industry Analysis - Porter's
Chapter 4. U.S. Synthetic Graphite Market: Product Estimates & Trend Analysis
- 4.1. Key Takeaways
- 4.2. Product Movement Analysis & Market Share, 2024 & 2033
- 4.3. U.S. Synthetic Graphite Market by Product, 2021 - 2033 (USD Billion)
- 4.4. Electrodes
- 4.4.1. Market Estimates and Forecasts, 2021 - 2033 (USD Billion)
- 4.5. Blocks and Rounds
- 4.5.1. Market Estimates and Forecasts, 2021 - 2033 (USD Billion)
- 4.6. Powder
- 4.6.1. Market Estimates and Forecasts, 2021 - 2033 (USD Billion)
- 4.7. Others
- 4.7.1. Market Estimates and Forecasts, 2021 - 2033 (USD Billion)
Chapter 5. U.S. Synthetic Graphite Market: Application Estimates & Trend Analysis
- 5.1. Key Takeaways
- 5.2. Application Movement Analysis & Market Share, 2024 & 2033
- 5.3. U.S. Synthetic Graphite Market by Application, 2021 - 2033 (USD Billion)
- 5.4. Lithium Ion Batteries
- 5.4.1. Market Estimates and Forecasts, 2021 - 2033 (USD Billion)
- 5.5. Foundry and Metallurgy
- 5.5.1. Market Estimates and Forecasts, 2021 - 2033 (USD Billion)
- 5.6. Electrical Components
- 5.6.1. Market Estimates and Forecasts, 2021 - 2033 (USD Billion)
- 5.7. Lubricants and Greases
- 5.7.1. Market Estimates and Forecasts, 2021 - 2033 (USD Billion)
- 5.8. Others
- 5.8.1. Market Estimates and Forecasts, 2021 - 2033 (USD Billion)
Chapter 6. Competitive Landscape
- 6.1. Key Players, their Recent Developments, and their Impact on Industry
- 6.2. Competition Categorization
- 6.3. Company Market Position Analysis
- 6.4. Company Heat Map Analysis
- 6.5. Strategy Mapping, 2024
- 6.6. Company Listing
- 6.6.1. NOVONIX Limited
- 6.6.1.1. Company Overview
- 6.6.1.2. Financial Performance
- 6.6.1.3. Product Benchmarking
- 6.6.1.4. Strategic Initiatives
- 6.6.2. GrafTech International
- 6.6.2.1. Company Overview
- 6.6.2.2. Financial Performance
- 6.6.2.3. Product Benchmarking
- 6.6.2.4. Strategic Initiatives
- 6.6.3. Superior Graphite
- 6.6.3.1. Company Overview
- 6.6.3.2. Financial Performance
- 6.6.3.3. Product Benchmarking
- 6.6.3.4. Strategic Initiatives
- 6.6.4. Resonac Graphite
- 6.6.4.1. Company Overview
- 6.6.4.2. Financial Performance
- 6.6.4.3. Product Benchmarking
- 6.6.4.4. Strategic Initiatives
- 6.6.5. Imerys (Timcal)
- 6.6.5.1. Company Overview
- 6.6.5.2. Financial Performance
- 6.6.5.3. Product Benchmarking
- 6.6.5.4. Strategic Initiatives
- 6.6.6. GES-AGM
- 6.6.6.1. Company Overview
- 6.6.6.2. Financial Performance
- 6.6.6.3. Product Benchmarking
- 6.6.6.4. Strategic Initiatives
- 6.6.7. Shamokin Carbons
- 6.6.7.1. Company Overview
- 6.6.7.2. Financial Performance
- 6.6.7.3. Product Benchmarking
- 6.6.7.4. Strategic Initiatives
- 6.6.1. NOVONIX Limited
List of Tables
- Table 1 List of Abbreviations
- Table 2 U.S. Synthetic Graphite Market Estimates and Forecasts, 2021 - 2033 (USD Billion)
- Table 3 U.S. Synthetic Graphite Market Estimates and Forecasts, by Product, 2021 - 2033 (USD Billion)
- Table 4 U.S. Synthetic Graphite Market Estimates and Forecasts, by Application, 2021 - 2033 (USD Billion)
List of Figures
- Fig. 1 Market research process
- Fig. 2 Data triangulation techniques
- Fig. 3 Primary research pattern
- Fig. 4 Primary interviews
- Fig. 5 Market research approaches
- Fig. 6 Value-chain-based sizing & forecasting
- Fig. 7 QFD modeling for market share assessment
- Fig. 8 Market formulation & validation
- Fig. 9 U.S. synthetic graphite market: market outlook
- Fig. 10 U.S. synthetic graphite competitive insights
- Fig. 11 Parent market outlook
- Fig. 12 Related/ancillary market outlook
- Fig. 13 Penetration and growth prospect mapping
- Fig. 14 Industry value chain analysis
- Fig. 15 U.S. synthetic graphite market driver impact
- Fig. 16 U.S. synthetic graphite market restraint impact
- Fig. 17 U.S. synthetic graphite market strategic initiatives analysis
- Fig. 18 U.S. synthetic graphite market: Product movement analysis
- Fig. 19 U.S. synthetic graphite market: Product outlook and key takeaways
- Fig. 20 Electrodes market estimates and forecast, 2021 - 2033 (USD Billion)
- Fig. 21 Blocks and rounds market estimates and forecast, 2021 - 2033 (USD Billion)
- Fig. 22 Powder market estimates and forecast, 2021 - 2033 (USD Billion)
- Fig. 23 Other market estimates and forecasts, 2021 - 2033 (USD Billion)
- Fig. 24 U.S. synthetic graphite market: Application movement analysis
- Fig. 25 U.S. synthetic graphite market: Application outlook and key takeaways
- Fig. 26 Lithium Ion batteries market estimates and forecasts, 2021 - 2033 (USD Billion)
- Fig. 27 Foundry and metallurgy market estimates and forecasts, 2021 - 2033 (USD Billion)
- Fig. 28 Electrical components market estimates and forecast, 2021 - 2033 (USD Billion)
- Fig. 29 Lubricants and greases market estimates and forecast, 2021 - 2033 (USD Billion)
- Fig. 30 Other market estimates and forecast, 2021 - 2033 (USD Billion)
