Graphite Industry Outlook: Trends, Share & Growth (2025–2031)
The Graphite Market size is expected to reach US$ 39,698.2 million by 2031 from US$ 17,718.40 million in 2024. The market is estimated to record a CAGR of 12.4% from 2025 to 2031.
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Global Graphite Market: Executive Summary and Analysis
The global graphite market is undergoing substantial expansion, fueled by increasing demand across critical sectors like batteries, steel, electronics, and automotive. Its indispensable role as a key material in lithium-ion batteries is particularly driving market growth, directly benefiting from the surging electric vehicle (EV) market.
China remains the primary global supplier, with significant contributions from India, Brazil, and Canada. The push for sustainable energy solutions further boosts demand for high-quality graphite in energy storage. The industry's future is being shaped by advancements in mining, processing, and recycling technologies.
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