The global market value of graphite is forecast to reach approximately ** billion U.S. dollars in 2028. That is a forecast increase of approximately ** billion U.S. dollars from the market value in 2022. Electric vehicles to drive market growth Although global production levels of graphite have remained fairly stable over the past decade, demand for the material is expected to increase over the coming years. The use of graphite electrodes in the steel industry has helped to boost the market, but the material is becoming increasingly sought after by the automotive industry due it being an essential element in the making of lithium-ion batteries. China, as the world's largest producer of consumer electronics, is the world’s largest producer of graphite by a large margin, with 850,000 production amounting to an estimated ******* metric tons. From graphite to graphene Forecasts suggest the market for lithium-ion batteries could exceed 100 billion U.S. dollars by 2025 as worldwide demand for electric vehicles increases. The anodes used within these batteries are made from graphite, but graphene could soon be used to drive development for the future. Graphene is an allotrope of carbon that has a special set of properties and can be produced from graphite. The use of graphene in lithium-ion batteries has the potential to increase the lifespan of the battery and allow faster charge times.

In Q3 2025, North America, the Graphite Price Index fell by 2.7% quarter-over-quarter, reflecting subdued demand pressures. Check detailed insights for Europe and APAC.

The global graphite market is estimated to report a value of USD 14.2 billion in 2025 and further reach USD 26 billion by 2035, achieving a CAGR of 6.0% during the forecast period. Graphite demand is increasingly being shaped by its role in electric vehicle batteries and energy storage systems, as well as longstanding industrial uses such as lubricants and refractories.

Metric	Value
Industry Size (2025E)	USD 14.2 Billion
Industry Value (2035F)	USD 26 Billion
CAGR (2025 to 2035)	6.0%

Country wise Insights

Country	CAGR (2025 to 2035)
United States	11.7%

Country	CAGR (2025 to 2035)
United Kingdom	13.2%

Country	CAGR (2025 to 2035)
European Union	11.2%

Country	CAGR (2025 to 2035)
Japan	3.9%

Country	CAGR (2025 to 2035)
South Korea	5.7%

This statistic displays the global graphite price from 2011 to 2014, and a forecast up to 2020, by flake grade. In 2016, the price for large graphite flakes is expected to reach *** U.S. dollars per metric ton. Until 2020, the price for this flake grade was expected to increase to ***** dollars per metric ton. Graphite prices depend on two factors – flake size and purity. Large flake (+** mesh) and high carbon (+**%) varieties command the premium pricing segment.

United States - Producer Price Index by Industry: Carbon and Graphite Product Manufacturing was 227.52100 Index Jun 1985=100 in August of 2025, according to the United States Federal Reserve. Historically, United States - Producer Price Index by Industry: Carbon and Graphite Product Manufacturing reached a record high of 291.90000 in January of 2019 and a record low of 96.00000 in January of 1988. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Producer Price Index by Industry: Carbon and Graphite Product Manufacturing - last updated from the United States Federal Reserve on October of 2025.

The global synthetic graphite market size was USD 8.16 billion in 2024 & is projected to grow from USD 8.71 billion in 2025 to USD 14.63 billion by 2033.
Report Scope:

Report Metric	Details
Market Size in 2024	USD 8.16 Billion
Market Size in 2025	USD 8.71 Billion
Market Size in 2033	USD 14.63 Billion
CAGR	6.5% (2025-2033)
Base Year for Estimation	2024
Historical Data	2021-2023
Forecast Period	2025-2033
Report Coverage	Revenue Forecast, Competitive Landscape, Growth Factors, Environment & Regulatory Landscape and Trends
Segments Covered	By Type,By Applications,By Region.
Geographies Covered	North America, Europe, APAC, Middle East and Africa, LATAM,
Countries Covered	U.S., Canada, U.K., Germany, France, Spain, Italy, Russia, Nordic, Benelux, China, Korea, Japan, India, Australia, Taiwan, South East Asia, UAE, Turkey, Saudi Arabia, South Africa, Egypt, Nigeria, Brazil, Mexico, Argentina, Chile, Colombia,

Global Natural Graphite Market Size Value by Country, 2023 Discover more data with ReportLinker!

In 2024, the global graphite market decreased by -10.7% to $1.5B, falling for the second year in a row after two years of growth. In general, consumption, however, saw a relatively flat trend pattern. Over the period under review, the global market reached the maximum level at $1.9B in 2022; however, from 2023 to 2024, consumption remained at a lower figure.

Asia-Pacific's natural graphite market is forecast to grow slowly, with volume reaching 858K tons and value $875M by 2035. China dominates production and consumption, while import and export trends show recent declines.

In June 2023, the price of Graphite reached $4,328 per ton (CIF, Poland), marking an 11% increase compared to the previous month.

Forecast: Natural Graphite Market Size Value in India 2022 - 2026 Discover more data with ReportLinker!

The Graphite Market Report Segments the Industry by Type (Natural Graphite and Synthetic Graphite), Application (Electrodes, Refractories, Casting, and Foundries, Batteries, Lubricants, and Other Applications), End-User Industry (Metallurgy, Electronic, Automotive, and Other End-User Industries), and Geography (Asia-Pacific, North America, Europe, South America, and Middle-East and Africa).

The global graphite market size reached a value of around USD 17.97 Billion in 2024. The market is further expected to grow at a CAGR of 5.40% between 2025 and 2034, reaching a value of around USD 30.41 Billion by 2034.

Graph and download economic data for Producer Price Index by Industry: Carbon and Graphite Product Manufacturing (PCU335991335991) from Jun 1985 to Sep 2025 about manufacturing, PPI, industry, inflation, price index, indexes, price, and USA.

After two years of growth, the Slovene artificial and colloidal graphite market decreased by -18.4% to $2.7M in 2024. In general, consumption, however, saw a relatively flat trend pattern. Artificial and colloidal graphite consumption peaked at $3.4M in 2023, and then plummeted in the following year.

Graphite Market to reached 2,892 thousand tonnes in 2021 with a healthy CAGR of 5.24%. In terms of Value, the market value is USD 29.04 billion in 2022 from USD 16.04 billion in 2017.

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Synthetic Graphite Market Size 2025-2029

The synthetic graphite market size is forecast to increase by USD 6.86 billion at a CAGR of 5.3% between 2024 and 2029.

The market is experiencing significant growth, driven primarily by the increasing demand for high-purity synthetic graphite in various industries, including metallurgical applications. This trend is attributed to the superior properties of synthetic graphite, such as its high electrical conductivity, thermal stability, and resistance to corrosion. However, the market growth is tempered by certain challenges. Firstly, the high cost of synthetic graphite compared to natural graphite remains a significant barrier to widespread adoption. The market is driven by the increasing demand for Terawatt-Hours of energy storage from EVs and the shift towards renewable energy. This cost differential is due to the more complex and energy-intensive production process of synthetic graphite. Additionally, regulatory hurdles impact adoption, as stringent environmental regulations and safety concerns necessitate significant investments in production facilities and compliance measures.
Supply chain inconsistencies further complicate matters, as the market relies on a limited number of producers, leading to potential price volatility and supply shortages. Despite this, opportunities exist for companies to capitalize on the expanding use of synthetic graphite in advanced technologies such as lithium-ion batteries, fuel cells, and solar panels. Companies seeking to capitalize on the opportunities in the market must navigate these challenges effectively, focusing on cost reduction strategies, regulatory compliance, and supply chain resilience.

What will be the Size of the Synthetic Graphite Market during the forecast period?

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The market is experiencing significant activity and trends as the energy transition gains momentum. Battery management systems are increasingly utilizing synthetic graphite in proton exchange membrane fuel cells for improved energy density and power density. The digital transformation is driving the need for faster charging times, leading to advancements in battery technology, such as solid-state batteries and flow batteries. Thermal runaway risks are a concern for battery manufacturers, necessitating the development of advanced anode materials and cathode materials. Hydrogen fuel cells, another area of focus, require high-performance synthetic graphite for fuel cell stacks. Renewable energy sources are driving the demand for resource efficiency, and synthetic graphite's role in energy storage systems is becoming increasingly important. It is also used in the chemical sector for the production of aluminum, calcium carbide, and other alloys.
Big data, artificial intelligence, and machine learning are revolutionizing battery performance analysis, enabling predictive maintenance and optimizing charging time. Circular economy principles are guiding the development of battery materials, with a focus on reducing waste and improving material science. The pursuit of carbon neutrality is further propelling the market forward, as synthetic graphite's role in battery production aligns with this goal. In the realm of charging infrastructure, wireless charging and fast charging are gaining traction, necessitating the production of large quantities of high-quality synthetic graphite. One of the primary drivers is the electric vehicle (EV) industry, where synthetic graphite is essential for producing Terawatt-Hours of energy from lithium-ion batteries. The market is expected to continue growing as the demand for energy storage solutions increases, driven by the global shift towards renewable energy and the digital transformation.

How is this Synthetic Graphite Industry segmented?

The synthetic graphite industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Distribution Channel

  Direct sales
  Distributors


Application

  Electrodes
  Metallurgy
  Parts and components
  Nuclear
  Others


Grade Type

  High-purity graphite
  Fine-grain graphite
  Coarse-grain graphite
  Isotropic graphite


Geography

  North America

    US
    Canada


  Europe

    France
    Germany
    UK


  APAC

    Australia
    China
    India
    Japan
    South Korea


  Rest of World (ROW)

By Distribution Channel Insights

The direct sales segment is estimated to witness significant growth during the forecast period. The market is characterized by a dynamic supply chain that fosters direct relationships between manufacturers and customers through direct sales channels. This approach allows for detailed technical communication and product knowledge exchange, particularly beneficial in industries wh

The global graphite market is projected to reach USD 32.65 billion by 2033, exhibiting a CAGR of 8.14% during the forecast period (2025-2033). The rising demand for graphite in electrodes, refractories, and lubricants is primarily driving the market growth. Graphite's unique properties, such as high electrical and thermal conductivity, chemical inertness, and thermal stability, make it indispensable in various industrial applications. Key trends in the graphite market include the increasing adoption of synthetic graphite over natural graphite due to its superior performance and cost-effectiveness. The growing demand for graphite in electric vehicles and renewable energy applications is also expected to fuel market expansion. However, factors such as supply chain disruptions, environmental regulations, and price volatility pose challenges to market growth. The market is anticipated to witness significant growth in the Asia Pacific region, particularly in China, India, and Japan, due to the strong demand from key end-use industries in these regions. Recent developments include: In March 2021: SGL Carbon was awarded several million in IPCEI grants for graphite anode products (GAM) in lithium-ion batteries. The SGL Carbon project aims to make revolutionary anode materials in Europe a crucial value-added step in electro-mobility., In November 2021: Gratomic Inc. plans to acquire 100% interest in the Brazilian Graphite Exploration Project this year. With the acquisition of the Brazilian graphite project, Gratomic will be allowed to diversify the former's interests and create a large-scale graphite deposit segment at the Capim Grosso project. It will help strategically cater to the burgeoning demand for superior-quality graphite and offer a major competitive edge by reducing the risk related to business development across numerous mining-friendly locations., In July 2023: An award-winning technology, built by an American company with help from NETL, utilizes coal waste as an anode material in lithium-ion batteries. An anode is one of two electrodes in a lithium-ion battery, usually made of graphite deposited on copper foil, with graphite representing a significant component of a lithium-ion battery's overall weight and cost. In support of an environmentally sustainable and prosperous energy future, NETL awarded X-MAT®, a division of Semplastics, USD 1 million in 2020 for a three-year project to build polymer-derived ceramic composite anodes.. Notable trends are: The growing use of graphite in the steel industry drives market growth..

Analysis of the Northern American natural graphite market, covering consumption, production, imports, exports, and price trends from 2013-2024, with a forecast to 2035. Key insights on market value, volume, and country-level performance for the US and Canada.

Natural Graphite Market Size Value in France, 2021 Discover more data with ReportLinker!