Rising Demand for EVs & Batteries Fuels Natural Graphite Market...

Rising Demand for EVs & Batteries Fuels Natural Graphite Market Growth

Posted 2025-03-06 06:25:46

Global Natural Graphite Market Set for Significant Growth

The Global Natural Graphite Market is poised for substantial expansion, driven by increasing demand across various industries. In 2023, the market was valued at approximately USD 30.84 billion and is projected to reach nearly USD 44.57 billion by 2030, exhibiting a Compound Annual Growth Rate (CAGR) of 5.4% during the forecast period.

Competitive Landscape

The natural graphite market is characterized by a high degree of vertical integration, with dominant players such as Mitsubishi Chemical, Nippon Graphite Industries, Ltd., and Qingdao Haida Graphite Co., Ltd. leading the industry. These companies are actively investing in research and development to innovate and meet the evolving demands of various sectors.

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Regional Demand Highlights

North America is expected to lead the natural graphite market during the forecast period, driven by increasing demand in sectors such as electric vehicles and renewable energy storage systems.The Asia-Pacific region continues to be a significant player in the natural graphite market. China's dominance in graphite production has prompted other countries in the region to explore alternative sources and technologies. For instance, Graphjet Technology is launching a large-scale "green graphite" facility in Malaysia, utilizing palm kernel shells to create synthetic graphite. This development underscores the region's commitment to sustainability and reducing reliance on traditional graphite sources.

Segmentation Analysis

by Application

Refractory
Foundry
Battery
Friction Product
Lubricant
Others

by subtype

Flake
Amorphous
Vein

Amorphous graphite, flake graphite, and crystalline vein graphite are the three types of natural graphite that are all made from naturally occurring graphite material. Amorphous graphite is typically created by contact metamorphism between an anthracite coal seam and a metamorphism agent, and it typically contains more ash than other types of natural graphite.

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Key Market Participants:

North America
1. Northern Graphite (Canada)
2. Alabama Graphite (United States)
3. American Graphite Technologies (United States)
4. Anson Resources (United States)
5. Archer Materials (Canada)
6. Asbury Carbons (New Jersey, U.S.)
7. Eagle Graphite (Canada)

Europe
8. Skaland (Norway)
9. AMG (Hauzenberg, Germany)
10. SGL Carbon (Wiesbaden, Germany)

Asia Pacific
11. Fangda Carbon (China)
12. BTR New Material (China)
13. EPM Group (Moscow, Russia)
14. Grafitbergbau Kaisersberg GmbH (Kaisersberg, Austria)

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