From GlobeNewswire: 2025-04-28 10:16:00

The global graphite market is experiencing significant growth due to increased steel production, as highlighted in a report by The Insight Partners. The market is projected to reach $45.65 billion by 2031, with a CAGR of 12.3% from 2024. Graphite is essential for technologies like EV batteries and renewable energy storage.

Graphite is crucial for lithium-ion batteries that power electric vehicles, leading to a rise in demand. With a shift towards clean energy and electrification, graphite’s efficiency in energy storage makes it a key component in these batteries. As the adoption of EVs grows, the need for high-quality graphite increases.

Renewable energy investments are on the rise globally, with a focus on reducing carbon footprints. Graphite plays a vital role in enhancing energy storage systems, improving energy transmission, and supporting renewable energy infrastructure. Asia Pacific led the graphite market in 2023, followed by Europe and North America.

The graphite market is segmented by type (natural vs. synthetic), form (powder, flake, etc.), and application (batteries, lubricants, etc.). Major players in the market include GES Europe GmbH, SGL Carbon SE, and China Graphite Group Limited. Trends include a focus on graphite recycling and the growing adoption of electric vehicles.

The adoption of graphite is driven by sectors like automotive, electronics, and energy, with a focus on sustainable solutions and EVs. Countries like Germany, France, and the UK are leading the transition to green technologies and promoting local production. The report from The Insight Partners offers valuable insights for stakeholders navigating the evolving market landscape.



Read more at GlobeNewswire: Graphite Market Size to Reach to Hit US$ 45.65 billion by