Graphite Market
Graphite Market Analysis by Natural and Synthetic Graphite for Electrodes, Refractories & Foundries, Batteries, Recarburisers, Lubricants, and Friction Products from 2023 to 2033
Analysis of Graphite Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Graphite Market Growth Outlook (2023 to 2033)
Based on the analysis by Fact.MR, the global graphite market is valued to be US$ 25.9 billion in 2023 and it is expected to grow at a CAGR of 8.5% to reach US$ 58.6 billion by the end of 2033.
The increasing demand for lithium-ion batteries used in electric vehicles (EVs), portable electronics, and renewable energy storage, is likely to drive the demand for graphite. Graphite is a crucial component of these batteries, as it is used in the anode material to store and release lithium ions during charge and discharge cycles. As the EV market expands and renewable energy installations increase, the demand for graphite is expected to continue growing.
| Report Attributes | Details |
|---|---|
| Graphite Market Size (2022A) | US$ 23.9 Billion |
| Estimated Market Value (2023E) | US$ 25.9 Billion |
| Forecasted Market Value (2033F) | US$ 58.6 Billion |
| Global Market Growth Rate (2023 to 2033) | 8.5% CAGR |
| North America Market Size (2023) | US$ 5.1 Billion |
| Key Companies Profiled | Aoyu Graphite Group; Hunan Zhongke Shinzoom Technology Co., Ltd.; Mitsubishi Chemical; Nippon Graphite Industries, Ltd.; Qingdao Haida Graphite Co., Ltd.; Shanshan Technology; Showa Denko Materials Co. Ltd. |
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Historic and Future Pathway Analysis for the Graphite Market
Graphite is a versatile and valuable mineral that has various applications across several industries. It is composed of carbon atoms arranged in a hexagonal lattice structure, providing it with unique properties such as high thermal and electrical conductivity, low friction, and chemical stability.
- Short Term (2023 to 2026): The increasing demand for electric vehicles (EVs), portable electronics, and renewable energy storage has led to a surge in the production of lithium-ion batteries. Graphite is a critical component in the anode of these batteries, and as the adoption of EVs and renewable energy systems expands, the demand for graphite is expected to grow significantly.
- Medium Term (2026 to 2029): Graphite is used as a recarburizer in the steel industry to enhance the carbon content during steel production. The growth of the steel industry, particularly in emerging economies, is driving the demand for graphite.
- Long Term (2029 to 2033): Ongoing research and development efforts to improve the performance and cost-effectiveness of graphite-based materials are likely to drive market growth in the long run. This includes advancements in battery technologies, composite materials, and production processes.
According to the Fact.MR, a market research and competitive intelligence provider, the market is projected to exhibit growth at 8.5% CAGR between 2023 and 2033.
Market Dynamics Outlook
“Harnessing Graphite's Unique Properties in the Chemical Industry”
The growing chemical industries have a significant impact on driving the growth of the graphite market. With the global chemical industry being a US$ 4 trillion enterprise that touches virtually every sector of the economy, the demand for graphite continues to rise. This is because over 95% of manufactured goods are directly influenced by chemistry, and graphite is a crucial material in various chemical processes and applications.
Graphite finds extensive use in the chemical industry due to its unique properties. It is chemically inert, resistant to high temperatures and corrosion, and has excellent thermal conductivity. These characteristics make graphite an ideal material for the construction of chemical reactors, vessels, and heat exchangers. It provides excellent thermal stability and resistance to corrosive chemicals, making it suitable for handling a wide range of chemical processes.
“Factors Restraining Graphite Market Growth”
Graphite production is influenced by the prices of raw materials such as petroleum coke and natural graphite. Fluctuations in these input prices impact the profitability of graphite manufacturers and affect the overall market growth.
Graphite faces competition from alternative materials such as carbon fibers, ceramics, and other advanced composites. These substitutes offer comparable or superior properties and are preferred in certain industries, thereby limiting the demand for graphite.
The lack of standardization in graphite products also poses challenges for end-users in terms of quality consistency and compatibility with their specific applications. This creates additional costs and complexities for consumers, potentially hindering market growth.
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Country-wise Insights
How Turkiye is becoming a Prominent Market for Graphite Manufacturers?
The growing demand for electric vehicles (EVs) in Turkey, for instance, as driving has become more expensive due to rising gas prices, more Turkish drivers are switching to electric cars.
- Turkiye's gasoline costs nearly doubled over the past few years, forcing car owners to devote a larger portion of their income to commuting. The average monthly cost of gasoline for a car that drives 500 kilometers on city streets is around US$ 247.0, while an electric car owner must pay US$ 40.2 to cover the cost of the vehicle's energy.
- Hence, owing to this the demand sales for electricity amplified. For reference, a total of 6,124 electric vehicles were sold in Turkiye from January to November 2022, a 157% increase from the same period in 2021.
With the growing electric vehicle demand in Turkiye, the demand for graphite is likely to increase, as graphite is a key component in the anode (negative electrode) of lithium-ion batteries used in electric vehicles.
The anode typically consists of graphite in the form of a carbon-based material, which can store and release lithium ions during the battery's charging and discharging cycles. As the demand for EVs increases in Turkey, so does the need for lithium-ion batteries, consequently driving the demand for graphite as a raw material.
Why does U.S Market increase their demand for Graphite?
As the need for graphite in the battery industry increases, major market players in the United States are building an integrated supply chain to meet the growing demand for graphite. Demand for graphite is increasing as the use of lithium-ion batteries in the United States increases.
The US Geological Survey (USGS) data release includes descriptions of 10 locations in the United States that contain mineralized areas, mineral occurrences, and mines that contain enriched graphite.
Graphite is used in batteries, brake linings, lubricants, metal powders, refractory applications, and steelmaking. Thus increasing investment in battery grid storage and other applications is expected to boost graphite use in these areas and thus lead to an increase in the demand for graphite in the coming years.
Category-wise Insights
Why the demand for Synthetic Graphite is High?
Synthetic graphite is typically produced through the graphitization of carbon precursors such as petroleum coke or coal tar pitch. This process allows for greater control over the final product's purity and structure. Synthetic graphite has a more consistent and predictable quality, making it preferred for applications that require specific performance characteristics.
Synthetic graphite also has a higher carbon content than natural graphite, which typically contains impurities like mineral deposits and other elements. The higher carbon content of synthetic graphite makes it ideal for applications that require high thermal and electrical conductivity, such as in lithium-ion batteries, fuel cells, and electrical arc electrodes.
Further, some high-tech applications, such as aerospace, nuclear, and electronics industries, demand materials with exceptional properties. Synthetic graphite meets these stringent requirements due to its controlled production process, allowing for precise tuning of properties like strength, density, and thermal expansion.
Why are Refractories and Foundries Gaining Traction?
Graphite is widely used in the manufacturing of crucibles and refractory linings in foundries. Crucibles made from graphite are capable of withstanding high temperatures and corrosive environments, making them essential for melting metals and alloys. Refractory linings, which are used to protect furnaces and other high-temperature equipment, also often contain graphite due to its heat resistance and thermal conductivity.
Refractories and foundries require effective thermal insulation to optimize energy efficiency and maintain high-temperature environments. Graphite is an excellent thermal insulator due to its low thermal conductivity. It helps in reducing heat loss, improving energy efficiency, and ensuring stable operating conditions in these industries.
Also, graphite is utilized in the production of ladles and molds used in foundries. Ladles, which are used to transfer molten metal, benefit from graphite's high-temperature resistance and ability to reduce metal reactions, ensuring the quality of the poured metal. Graphite molds are favored for their ability to withstand high temperatures and provide dimensional accuracy in the casting process.
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Eminent Players Key Stratagems
Prominent graphite manufacturers are Aoyu Graphite Group, Hunan Zhongke Shinzoom Technology Co., Ltd., Mitsubishi Chemical, Nippon Graphite Industries, Ltd., Qingdao Haida Graphite Co., Ltd., Shanshan Technology, and Showa Denko Materials Co. Ltd.
The market manufacturers of graphite are increasing their production capacity and collaborating with the native market players to increase their customer base and profit margin. For instance,
- In June 2022, Mitsubishi Chemical Holdings Group (MCHG) increase the production capacity of natural graphite anode material from 2,000 tons/year to 12,000 tons/year at its Chinese subsidiary Qingdao Anode Kasei and affiliated company Qingdao Lingda Kasei. The production line is scheduled to start operation in the first half of fiscal 2023.
Fact.MR has provided detailed information about the price points of key manufacturers of graphite positioned across regions, sales growth, production capacity, and speculative technological expansion, in the recently published report.
Segmentation of Graphite Industry Research
-
Graphite Market by Product Type :
- Natural
- Flakes
- Amorphous
- Veins
- Synthetic
- Natural
-
Graphite Market by Application :
- Electrodes
- Refractories & Foundries
- Batteries
- Recarburisers
- Lubricants
- Friction Products
- Others
-
Graphite Market by Region :
- North America
- Latin America
- Europe
- East Asia
- South Asia & Oceania
- Middle East & Africa
Table of Content
- 1. Market - Executive Summary
- 2. Market Overview
- 3. Market Background and Foundation Data
- 4. Global Demand (Tons) Analysis and Forecast
- 5. Global Market - Pricing Analysis
- 6. Global Market Value (US$ million) Analysis and Forecast
- 7. Global Market Analysis and Forecast, By Product Type
- 7.1. Natural
- 7.1.1. Flakes
- 7.1.2. Amorphous
- 7.1.3. Veins
- 7.2. Synthetic
- 7.1. Natural
- 8. Global Market Analysis and Forecast, By Application
- 8.1. Electrodes
- 8.2. Refractories & Foundries
- 8.3. Batteries
- 8.4. Recarburisers
- 8.5. Lubricants
- 8.6. Friction Products
- 8.7. Others
- 9. Global Market Analysis and Forecast, By Region
- 9.1. North America
- 9.2. Latin America
- 9.3. Europe
- 9.4. East Asia
- 9.5. South Asia & Oceania
- 9.6. Middle East & Africa
- 10. North America Market Analysis and Forecast
- 11. Latin America Market Analysis and Forecast
- 12. Europe Market Analysis and Forecast
- 13. East Asia Market Analysis and Forecast
- 14. South Asia & Oceania Market Analysis and Forecast
- 15. Middle East & Africa Market Analysis and Forecast
- 16. Country-level Market Analysis and Forecast
- 17. Market Structure Analysis
- 18. Competition Analysis
- 18.1. Aoyu Group
- 18.2. Hensen Graphite
- 18.3. Hunan Zhongke Shinzoom Technology Co., Ltd.
- 18.4. Mitsubishi Chemical
- 18.5. Nacional de Grafite
- 18.6. Nippon Industries, Ltd.
- 18.7. Qingdao Haida Co., Ltd.
- 18.8. Shanshan Technology
- 18.9. Shenzhen BTR New Materials
- 18.10. Showa Denko Materials Co. Ltd.
- 18.11. Superior Co.
- 18.12. Other Prominent Players
- 19. Assumptions & Acronyms Used
- 20. Research Methodology
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List Of Table
Table 1: Global Market Value (US$ million) by Region, 2018 to 2022
Table 2: Global Market Value (US$ million) and Forecast by Region, 2023 to 2033
Table 3: Global Market Volume (Tons) by Region, 2018 to 2022
Table 4: Global Market Volume (Tons) and Forecast by Region, 2023 to 2033
Table 5: Global Market Value (US$ million), By Product Type, 2018 to 2022
Table 6: Global Market Value (US$ million) and Forecast By Product Type, 2023 to 2033
Table 7: Global Market Volume (Tons), By Product Type, 2018 to 2022
Table 8: Global Market Volume (Tons) and Forecast By Product Type, 2023 to 2033
Table 9: Global Market Value (US$ million), By Application, 2018 to 2022
Table 10: Global Market Value (US$ million) and Forecast By Application, 2023 to 2033
Table 11: Global Market Volume (Tons), By Application, 2018 to 2022
Table 12: Global Market Volume (Tons) and Forecast By Application, 2023 to 2033
Table 13: North America Market Value (US$ million), by Country, 2018 to 2022
Table 14: North America Market Value (US$ million) and Forecast by Country, 2023 to 2033
Table 15: North America Market Volume (Tons), by Country, 2018 to 2022
Table 16: North America Market Volume (Tons) and Forecast by Country, 2023 to 2033
Table 17: North America Market Value (US$ million), By Product Type, 2018 to 2022
Table 18: North America Market Value (US$ million) and Forecast By Product Type, 2023 to 2033
Table 19: North America Market Volume (Tons), By Product Type, 2018 to 2022
Table 20: North America Market Volume (Tons) and Forecast By Product Type, 2023 to 2033
Table 21: North America Market Value (US$ million), By Application, 2018 to 2022
Table 22: North America Market Value (US$ million) and Forecast By Application, 2023 to 2033
Table 23: North America Market Volume (Tons), By Application, 2018 to 2022
Table 24: North America Market Volume (Tons) and Forecast By Application, 2023 to 2033
Table 25: Latin America Market Value (US$ million), by Country, 2018 to 2022
Table 26: Latin America Market Value (US$ million) and Forecast by Country, 2023 to 2033
Table 27: Latin America Market Volume (Tons), by Country, 2018 to 2022
Table 28: Latin America Market Volume (Tons) and Forecast by Country, 2023 to 2033
Table 29: Latin America Market Value (US$ million), By Product Type, 2018 to 2022
Table 30: Latin America Market Value (US$ million) and Forecast By Product Type, 2023 to 2033
Table 31: Latin America Market Volume (Tons), By Product Type, 2018 to 2022
Table 32: Latin America Market Volume (Tons) and Forecast By Product Type, 2023 to 2033
Table 33: Latin America Market Value (US$ million), By Application, 2018 to 2022
Table 34: Latin America Market Value (US$ million) and Forecast By Application, 2023 to 2033
Table 35: Latin America Market Volume (Tons), By Application, 2018 to 2022
Table 36: Latin America Market Volume (Tons) and Forecast By Application, 2023 to 2033
Table 37: Europe Market Value (US$ million), by Country, 2018 to 2022
Table 38: Europe Market Value (US$ million) and Forecast by Country, 2023 to 2033
Table 39: Europe Market Volume (Tons), by Country, 2018 to 2022
Table 40: Europe Market Volume (Tons) and Forecast by Country, 2023 to 2033
Table 41: Europe Market Value (US$ million), By Product Type, 2018 to 2022
Table 42: Europe Market Value (US$ million) and Forecast By Product Type, 2023 to 2033
Table 43: Europe Market Volume (Tons), By Product Type, 2018 to 2022
Table 44: Europe Market Volume (Tons) and Forecast By Product Type, 2023 to 2033
Table 45: Europe Market Value (US$ million), By Application, 2018 to 2022
Table 46: Europe Market Value (US$ million) and Forecast By Application, 2023 to 2033
Table 47: Europe Market Volume (Tons), By Application, 2018 to 2022
Table 48: Europe Market Volume (Tons) and Forecast By Application, 2023 to 2033
Table 49: East Asia Market Value (US$ million), by Country, 2018 to 2022
Table 50: East Asia Market Value (US$ million) and Forecast by Country, 2023 to 2033
Table 51: East Asia Market Volume (Tons), by Country, 2018 to 2022
Table 52: East Asia Market Volume (Tons) and Forecast by Country, 2023 to 2033
Table 53: East Asia Market Value (US$ million), By Product Type, 2018 to 2022
Table 54: East Asia Market Value (US$ million) and Forecast By Product Type, 2023 to 2033
Table 55: East Asia Market Volume (Tons), By Product Type, 2018 to 2022
Table 56: East Asia Market Volume (Tons) and Forecast By Product Type, 2023 to 2033
Table 57: East Asia Market Value (US$ million), By Application, 2018 to 2022
Table 58: East Asia Market Value (US$ million) and Forecast By Application, 2023 to 2033
Table 59: East Asia Market Volume (Tons), By Application, 2018 to 2022
Table 60: East Asia Market Volume (Tons) and Forecast By Application, 2023 to 2033
Table 61: South Asia & Oceania Market Value (US$ million), by Country, 2018 to 2022
Table 62: South Asia & Oceania Market Value (US$ million) and Forecast by Country, 2023 to 2033
Table 63: South Asia & Oceania Market Volume (Tons), by Country, 2018 to 2022
Table 64: South Asia & Oceania Market Volume (Tons) and Forecast by Country, 2023 to 2033
Table 65: South Asia & Oceania Market Value (US$ million), By Product Type, 2018 to 2022
Table 66: South Asia & Oceania Market Value (US$ million) and Forecast By Product Type, 2023 to 2033
Table 67: South Asia & Oceania Market Volume (Tons), By Product Type, 2018 to 2022
Table 68: South Asia & Oceania Market Volume (Tons) and Forecast By Product Type, 2023 to 2033
Table 69: South Asia & Oceania Market Value (US$ million), By Application, 2018 to 2022
Table 70: South Asia & Oceania Market Value (US$ million) and Forecast By Application, 2023 to 2033
Table 71: South Asia & Oceania Market Volume (Tons), By Application, 2018 to 2022
Table 72: South Asia & Oceania Market Volume (Tons) and Forecast By Application, 2023 to 2033
Table 73: MEA Market Value (US$ million), by Country, 2018 to 2022
Table 74: MEA Market Value (US$ million) and Forecast by Country, 2023 to 2033
Table 75: MEA Market Volume (Tons), by Country, 2018 to 2022
Table 76: MEA Market Volume (Tons) and Forecast by Country, 2023 to 2033
Table 77: MEA Market Value (US$ million), By Product Type, 2018 to 2022
Table 78: MEA Market Value (US$ million) and Forecast By Product Type, 2023 to 2033
Table 79: MEA Market Volume (Tons), By Product Type, 2018 to 2022
Table 80: MEA Market Volume (Tons) and Forecast By Product Type, 2023 to 2033
Table 81: MEA Market Value (US$ million), By Application, 2018 to 2022
Table 82: MEA Market Value (US$ million) and Forecast By Application, 2023 to 2033
Table 83: MEA Market Volume (Tons), By Application, 2018 to 2022
Table 84: MEA Market Volume (Tons) and Forecast By Application, 2023 to 2033
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List Of Figures
Figure 1: Global Market Value (US$ million) and Volume (Tons) Forecast, 2023 to 2033
Figure 2: Global Market Absolute $ Opportunity (US$ million), 2023 to 2033
Figure 3: Global Market Value (US$ million) and Volume (Tons) by Region, 2023 & 2033
Figure 4: Global Market Y-o-Y Growth Rate by Region, 2023 to 2033
Figure 5: Global Market Value (US$ million) and Volume (Tons) By Product Type, 2023 & 2033
Figure 6: Global Market Y-o-Y Growth Rate By Product Type, 2023 to 2033
Figure 7: Global Market Value (US$ million) and Volume (Tons) By Application, 2023 & 2033
Figure 8: Global Market Y-o-Y Growth Rate By Application, 2023 to 2033
Figure 9: North America Market Value (US$ million) and Volume (Tons) Forecast, 2023 to 2033
Figure 10: North America Market Absolute $ Opportunity (US$ million), 2023 to 2033
Figure 11: North America Market Value (US$ million) and Volume (Tons), by Country, 2023 & 2033
Figure 12: North America Market Y-o-Y Growth Rate by Country, 2023 to 2033
Figure 13: North America Market Value (US$ million) and Volume (Tons) By Product Type, 2023 & 2033
Figure 14: North America Market Y-o-Y Growth Rate By Product Type, 2023 to 2033
Figure 15: North America Market Value (US$ million) and Volume (Tons) By Application, 2023 & 2033
Figure 16: North America Market Y-o-Y Growth Rate By Application, 2023 to 2033
Figure 17: North America Market Attractiveness Analysis by Country, 2023 to 2033
Figure 18: North America Market Attractiveness Analysis By Product Type, 2023 to 2033
Figure 19: North America Market Attractiveness Analysis By Application, 2023 to 2033
Figure 20: Latin America Market Value (US$ million) and Volume (Tons) Forecast, 2023 to 2033
Figure 21: Latin America Market Absolute $ Opportunity (US$ million), 2023 to 2033
Figure 22: Latin America Market Value (US$ million) and Volume (Tons), by Country, 2023 & 2033
Figure 23: Latin America Market Y-o-Y Growth Rate by Country, 2023 to 2033
Figure 24: Latin America Market Value (US$ million) and Volume (Tons) By Product Type, 2023 & 2033
Figure 25: Latin America Market Y-o-Y Growth Rate By Product Type, 2023 to 2033
Figure 26: Latin America Market Value (US$ million) and Volume (Tons) By Application, 2023 & 2033
Figure 27: Latin America Market Y-o-Y Growth Rate By Application, 2023 to 2033
Figure 28: Latin America Market Attractiveness Analysis by Country, 2023 to 2033
Figure 29: Latin America Market Attractiveness Analysis By Product Type, 2023 to 2033
Figure 30: Latin America Market Attractiveness Analysis By Application, 2023 to 2033
Figure 31: Europe Market Value (US$ million) and Volume (Tons) Forecast, 2023 to 2033
Figure 32: Europe Market Absolute $ Opportunity (US$ million), 2023 to 2033
Figure 33: Europe Market Value (US$ million) and Volume (Tons), by Country, 2023 & 2033
Figure 34: Europe Market Y-o-Y Growth Rate by Country, 2023 to 2033
Figure 35: Europe Market Value (US$ million) and Volume (Tons) By Product Type, 2023 & 2033
Figure 36: Europe Market Y-o-Y Growth Rate By Product Type, 2023 to 2033
Figure 37: Europe Market Value (US$ million) and Volume (Tons) By Application, 2023 & 2033
Figure 38: Europe Market Y-o-Y Growth Rate By Application, 2023 to 2033
Figure 39: Europe Market Attractiveness Analysis by Country, 2023 to 2033
Figure 40: Europe Market Attractiveness Analysis By Product Type, 2023 to 2033
Figure 41: Europe Market Attractiveness Analysis By Application, 2023 to 2033
Figure 42: East Asia Market Value (US$ million) and Volume (Tons) Forecast, 2023 to 2033
Figure 43: East Asia Market Absolute $ Opportunity (US$ million), 2023 to 2033
Figure 44: East Asia Market Value (US$ million) and Volume (Tons), by Country, 2023 & 2033
Figure 45: East Asia Market Y-o-Y Growth Rate by Country, 2023 to 2033
Figure 46: East Asia Market Value (US$ million) and Volume (Tons) By Product Type, 2023 & 2033
Figure 47: East Asia Market Y-o-Y Growth Rate By Product Type, 2023 to 2033
Figure 48: East Asia Market Value (US$ million) and Volume (Tons) By Application, 2023 & 2033
Figure 49: East Asia Market Y-o-Y Growth Rate By Application, 2023 to 2033
Figure 50: East Asia Market Attractiveness Analysis by Country, 2023 to 2033
Figure 51: East Asia Market Attractiveness Analysis By Product Type, 2023 to 2033
Figure 52: East Asia Market Attractiveness Analysis By Application, 2023 to 2033
Figure 53: South Asia & Oceania Market Value (US$ million) and Volume (Tons) Forecast, 2023 to 2033
Figure 54: South Asia & Oceania Market Absolute $ Opportunity (US$ million), 2023 to 2033
Figure 55: South Asia & Oceania Market Value (US$ million) and Volume (Tons), by Country, 2023 & 2033
Figure 56: South Asia & Oceania Market Y-o-Y Growth Rate by Country, 2023 to 2033
Figure 57: South Asia & Oceania Market Value (US$ million) and Volume (Tons) By Product Type, 2023 & 2033
Figure 58: South Asia & Oceania Market Y-o-Y Growth Rate By Product Type, 2023 to 2033
Figure 59: South Asia & Oceania Market Value (US$ million) and Volume (Tons) By Application, 2023 & 2033
Figure 60: South Asia & Oceania Market Y-o-Y Growth Rate By Application, 2023 to 2033
Figure 61: South Asia & Oceania Market Attractiveness Analysis by Country, 2023 to 2033
Figure 62: South Asia & Oceania Market Attractiveness Analysis By Product Type, 2023 to 2033
Figure 63: South Asia & Oceania Market Attractiveness Analysis By Application, 2023 to 2033
Figure 64: MEA Market Value (US$ million) and Volume (Tons) Forecast, 2023 to 2033
Figure 65: MEA Market Absolute $ Opportunity (US$ million), 2023 to 2033
Figure 66: MEA Market Value (US$ million) and Volume (Tons), by Country, 2023 & 2033
Figure 67: MEA Market Y-o-Y Growth Rate by Country, 2023 to 2033
Figure 68: MEA Market Value (US$ million) and Volume (Tons) By Product Type, 2023 & 2033
Figure 69: MEA Market Y-o-Y Growth Rate By Product Type, 2023 to 2033
Figure 70: MEA Market Value (US$ million) and Volume (Tons) By Application, 2023 & 2033
Figure 71: MEA Market Y-o-Y Growth Rate By Application, 2023 to 2033
Figure 72: MEA Market Attractiveness Analysis by Country, 2023 to 2033
Figure 73: MEA Market Attractiveness Analysis By Product Type, 2023 to 2033
Figure 74: MEA Market Attractiveness Analysis By Application, 2023 to 2033
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- FAQs -
What was the Global Graphite Market Size Reported by Fact.MR for 2022?
The global graphite market size reported by Fact.MR for 2022 was US$ 23.9 billion.
What is the Global Graphite Market Estimated to Reach in 2033?
The global graphite market size is estimated to reach US$ 58.6 billion in 2033.
What is the Projected CAGR for the Global Graphite Market from 2023 to 2033?
The projected CAGR for the graphite market from 2023 to 2033 will be 8.5%.
Who are the Major Players in the Graphite Market?
Market players include Mitsubishi Chemical, Nippon Graphite Industries, Ltd., and Qingdao Haida Graphite Co., Ltd. which are majorly operating and dominating in the market.
What are the Factors Driving the Graphite Sales Growth During the Forecast Period?
Factors such as growing demand for graphite from the expanding battery industry and automotive industry are anticipated to increase the sales growth of graphite.
Graphite Market