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Graphite Market Size, Share & Industry Analysis Reveals Key
Regional Trends 2025–2032


The global graphite market size was valued at USD 7.80 billion in 2024. The market is
projected to grow from USD 8.32 billion in 2025 to USD 13.35 billion by 2032, exhibiting a
CAGR of 6.9% during the forecast period. Asia Pacific dominated the graphite market with a
market share of 56.02% in 2024. Graphite refers to a naturally soft and lightweight element
featuring nonmetallic and metallic attributes, which make it suitable for different industrial
applications. The high deployment of the product in refractories, coupled with the rising
demand for Electric Arc Furnaces (EAF), is propelling the market growth.
Fortune Business Insights™ provides this information in its research report,
titled “Graphite Market, 2025-2032”.

Tariff Impact Analysis for Graphite
Market: https://www.fortunebusinessinsights.com/enquiry/request-sample-
pdf/graphite-market-105322
List of Key Players Mentioned in the Report:
 AMG (Germany)
 Asbury Carbons (U.S.)
 Eagle Graphite (Canada)
 Grafitbergbau Kaisersberg GmbH (Austria)

Imerys S.A. (France)
 Stoker Concast Pvt. Ltd. (India)
 BTR NEW Material Group Co., Ltd. (China)
 Nacional de Grafite (Brazil)
 SGL Carbon (Germany)
 Mineral Commodities Ltd. (Australia)
 Superior Graphite (U.S.)
 Tirupati Carbons & Chemicals Pvt. Ltd. (India)
Segmentation:
Massive Uptake of Synthetic Products to Impel Segment Expansion
On the basis of product, the market is bifurcated into synthetic and natural. The synthetic
segment captured the largest market share in 2023. The extensive uptake of synthetic
products among consumers is augmenting the segment’s growth.
Surging Demand from the Aerospace Industry to Propel Refractories Segment
Growth
In terms of application, the market is divided into friction products, foundries, recarburising,
batteries, refractories, lubricants, and others. The refractories segment accounts for the
largest graphite market share. The growing demand from industries, including building,
metal manufacturing, aerospace, and automotive, coupled with quick industrial
development, are fostering the refractories segment expansion.
From the regional perspective, the market is segmented into Latin America, North America,
Asia Pacific, North America, and the Middle East & Africa.
Report Coverage
The market research report highlights the major strategic moves undertaken by prominent
companies in detail. It further offers vital insights into the notable industry developments,
key segments, and the impact of the COVID-19 pandemic on market growth. Other aspects
of the report include the key driving and restraining factors affecting the market growth.
Drivers and Restraints:
Surging Demand from the Refractory Industry to Escalate the Market Growth
The product is highly resistant to higher temperatures or heat; hence, the refractory
industry is its largest end-user, holding almost 50% of the global demand. Moreover, the
product is deployed by this industry for the development of products for high-temperature
conditions, including incinerators, furnaces, reactors, and linings for kilns. Thus, these
factors are fostering the graphite market growth.
However, the growing export duties may hamper the market’s expansion.
Regional Insights:
Asia Pacific Led Due to High Product Usage in Steel Industry
Asia Pacific occupied the largest share of the market in 2023. The region is a hub for
automotive, lithium-ion batteries, and steel production. The product’s heavy development in
these three industries drives regional growth.
North America’s market growth is slated to flourish owing to the region’s plan to expand its
battery production capacity.

https://www.fortunebusinessinsights.com/graphite-market-105322


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Information Source: https://www.fortunebusinessinsights.com/graphite-market-
105322
Competitive Landscape:
Leading Companies Focus on Capacity Expansions to Meet the Surging Product
Demand
Key manufacturers in the market study include Asbury Carbons, AMG, Grafitbergbau
Kaisersberg GmbH, EagleGraphite, BTR NEW Material Group Co., Ltd., Mineral Commodities
Ltd., Nacional de Grafite, SGL Carbon, and Imerys S.A. A wide range of competitive
strategies, including the launch of new products, partnerships, and mergers & acquisitions,
are being adopted by top players to reinforce their industry position. Several market leaders
are focusing on capacity expansions to meet the rising product demand.
Key Industry Development:
 February 2023: POSCO Chemical began constructing its second manufacturing
plant for synthetic graphite anode materials, capable of producing 10 kilotons
annually. With this expansion, the North Gyeongsang plant's total capacity will
increase to 18 kilotons.