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Graphite Market: Emerging Opportunities and Market Forecast (2024 -2030)
Graphite Market size was valued at US $ 32.15 Billion in 2023 and the Graphite Market revenue is expected to grow at 5.23% through 2024 to 2030, reaching nearly US $ 45.94 Billion. The report analyzes Graphite market dynamics by region and applications.
Format : PDF | Report ID : SMR_334
Graphite Market Overview:
Graphite (also known as plumbago) is a crystalline form of the carbon element with a hexagonal atomic configuration. It is the most stable form of carbon under normal conditions and occurs naturally. At high pressures and temperatures, it transforms into a diamond. It's a mineral that's used to make lubricants and pencils. The report on the Graphite Market by Stellar Market Research provides the PESTLE analysis, PORTER's five force analysis and segment analysis on the basis of type, application and region.
It's a great conductor of electricity and heat. Electrodes, batteries, and solar panels can all benefit from their high conductivity. Graphite market is expected to grow by 500% by 2050, according to the World Bank.
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Graphite Market Dynamics:
Revolution In Lithium-Ion Battery:
In the future, batteries will be smaller, last longer, and provide more power. In electric autos, power tools, medical equipment, and portable electronic gadgets, batteries that are lightweight, long-lasting, safe, and maybe implanted without needing to be replaced regularly are used. The most modern battery systems are lithium-ion and lithium iron phosphate batteries, both of which use graphite as an anode material. This incearsed demand from lithium-ion battery is driving the growth of graphite Market.
About a quarter of the graphite requirement is met by these batteries. A Li-ion battery requires significantly more graphite than lithium to operate an electric vehicle, making high-quality battery anode materials uncommon. Batteries, as well as fuel cells that create electricity through a chemical process, power cellphones, electric cars, and 3D printers. It's a huge industry that's only going to grow, with lithium-ion battery use expected to increase tenfold by 2029.
Electric Vehicles:
Global EV sales reached a record high of 10 million in 2020, with climate change and carbon dioxide reductions driving global demand for sustainable transportation solutions. Lithium-ion batteries are the gold standard for electric vehicles, bicycles, and other vehicles. Tesla made history in 2016 when it opened the first stage of its Giga factory, to produce enough lithium-ion batteries to power 1,500,000 electric vehicles per year. As of December 2019, there were 115 Giga plants in construction around the world.
Industrial Applications:
Traditional graphite markets are also booming. Graphite has historically been used in pencils and refractory materials for furnaces, kilns, incinerators, and reactors, as well as flame deflector systems for rocket launch structures. Graphite can be found in a variety of products, including automobile parts, inks and coatings, paints, polymers and plastics, lubricants and grease, ceramics, drilling fluids, steel pipe and tubing, fire retardants, and oil spill response solutions. As a result, rising industrial applications are expected to drive graphite market growth throughout the forecast period.
Raising Prices of Graphite:
China controls 70% to 80% of the world's graphite supply. In 2021, graphite prices in China increased nearly every month, as supply disruptions were offset by increased demand. Fast Markets IM prices for 80% grade (fob China) hit US $410/ton in mid-July, up 32% from January and 49% over the previous low in September 2020.
Prices for flake and amorphous graphite soared through Q4 2020 and Q1 2021 as a result of continuing environmental inspections and resulting production plant closures, as well as significant increases in transit costs from China when markets recovered after COVID-19. Some corporations have voluntarily reduced production to avoid fines for failing to fulfill emissions requirements. As a result, the rising price of graphite globally is likely to be a major stumbling block to the graphite market's growth over the forecast period.
|
Graphite Types |
New Price |
Previous Price |
% Change |
|
Graphite flake 94% C, +100 mesh, cif Europe, US $/tonne |
1180 |
1140 |
+ 3.5 |
|
Graphite amorphous 80% C, -200 mesh, fob China, US $/tonne |
450-500 |
400-430 |
+ 14.5 |
|
Graphite amorphous 80% C, -200 mesh, FCL, cif Europe, US $/tonne |
575-670 |
555-670 |
+ 1.6 |
Graphite Market Segmentation:
Based on Type:
Because it is widely used in various industrial applications, the amorphous graphite segment was dominating and had xx% of the overall graphite market share in terms of revenue in 2023. Amorphous graphite is a type of graphite that can be found in seams. It can be found in a range of lubricant products, such as greases and forging lubricants. This type of graphite is a great choice for circumstances when a higher ash content is required or desired.
Graphite Market Regional Insights:
In terms of revenue, the Asia Pacific region was dominating in 2023, accounting for more than xx% of the total market. The presence of key companies in the production of batteries for electric vehicles, as well as a surge in end-use sectors like automotive and electronics, have all contributed to the graphite market's growth in these regions.
Despite the pandemic-related global decrease in car sales, which saw global car sales decline 16% in 2020, according to the International Energy Agency (IEA), there were 10 million electric vehicles on the road throughout the world by the end of 2020, according to the IEA. The market's growth in this region has also been supported by a growing population and increased demand for high-quality items.
In 2020, the North American market accounted for xx% of the total graphite market share, and it is expected to grow at a CAGR of around xx% over the forecast period. Because the region is the world's top buyer of cellphones and electronic equipment for a variety of industrial and domestic applications. Every industry in the region needs electronic equipment in some manner, whether it's defense or manufacturing.
The objective of the report is to present a comprehensive analysis of the Graphite Market to the stakeholders in the industry. The report provides trends that are most dominant in the Graphite Market and how these trends will influence new business investments and market development throughout the forecast period. The report also aids in the comprehension of the market dynamics and competitive structure of the market by analyzing market leaders, market followers, and regional players.
The qualitative and quantitative data provided in the Graphite Market report is to help understand which market segments, regions are expected to grow at higher rates, factors affecting the market, and key opportunity areas, which will drive the industry and market growth through the forecast period. The report also includes the competitive landscape of key players in the industry along with their recent developments in the Graphite Market. The report studies factors such as company size, market share, market growth, revenue, production volume, and profits of the key players in the market.
Graphite Market Scope:
|
Graphite Market |
|
|
Market Size in 2023 |
USD 32.15 Bn. |
|
Market Size in 2030 |
USD 45.94 Bn. |
|
CAGR (2024-2030) |
5.23% |
|
Historic Data |
2018-2022 |
|
Base Year |
2023 |
|
Forecast Period |
2024-2030 |
|
Segment Scope |
by Type
|
|
by Application
|
|
|
Regional Scope |
North America- United States, Canada, and Mexico Europe – UK, France, Germany, Italy, Spain, Sweden, Austria, and Rest of Europe Asia Pacific – China, India, Japan, South Korea, Australia, ASEAN, Rest of APAC Middle East and Africa - South Africa, GCC, Egypt, Nigeria, Rest of the Middle East and Africa South America – Brazil, Argentina, Rest of South America |
Sports Nutrition Market Key Players
- Iovate Health Sciences
- Abbott
- Quest Nutrition
- PepsiCo
- Cliff Bar
- The Coca Cola Company
- MusclePharm
- The Bountiful Company
- Post Holdings
- BA Sports Nutrition
- Cardiff Sports Nutrition
- Atlantic Multipower UK Limited
- GlaxoSmithKline PLC
- Olimp Laboratories
- Ultimate Nutrition Inc.
- PowerBar Europe GmbH
Frequently Asked Questions
The increasing price of graphite because of the supply-demand gap is the only key factor expected to hinder the growth of the market during the forecast period.
The graphite market is expected to grow at a CAGR of 5.23% during the forecast period (2024-2030).
The growing electronic industry, a revolution in lithium-ion batteries, and the growing craze about electric vehicles across the globe are the key factors expected to drive the growth of the market during the forecast period.
Leading Edge Materials Corp. (Canada), NextSource Materials Inc. (Canada), Syrah Resources Limited. (Australia), Talga Group Ltd. (Australia), Triton Minerals Ltd. (Australia), Indiana Resources (Australia), EcoGraf Limited (Australia), Magnis (Australia), Next Graphite Inc. (United States), and Others are major key players covered.
Chapter 1 Scope of the Report
Chapter 2 Research Methodology
2.1. Research Process
2.2. Global Graphite Market: Target Audience
2.3. Global Graphite Market: Primary Research (As per Client Requirement)
2.4. Global Graphite Market: Secondary Research
Chapter 3 Executive Summary
Chapter 4 Competitive Landscape
4.1. Market Share Analysis, By Value, 2023-2030
4.1.1. Market Share Analysis, By Region, By Value, 2023-2030 (In %)
4.1.1.1. North America Market Share Analysis, By Value, 2023-2030 (In %)
4.1.1.2. Europe Market Share Analysis, By Value, 2023-2030 (In %)
4.1.1.3. Asia Pacific Market Share Analysis, By Value, 2023-2030 (In %)
4.1.1.4. South America Market Share Analysis, By Value, 2023-2030 (In %)
4.1.1.5. Middle East and Africa Market Share Analysis, By Value, 2023-2030 (In %)
4.1.2. Market Share Analysis, By Type, By Value, 2023-2030 (In %)
4.1.2.1. North America Market Share Analysis, By Type, By Value, 2023-2030 (In %)
4.1.2.1.1. USA Market Share Analysis, By Type, By Value, 2023-2030 (In %)
4.1.2.1.2. Canada Market Share Analysis, By Type, By Value, 2023-2030 (In %)
4.1.2.1.3. Mexico Market Share Analysis, By Type, By Value, 2023-2030 (In %)
4.1.2.2. Europe Market Share Analysis, By Type, By Value, 2023-2030 (In %)
4.1.2.2.1. UK Market Share Analysis, By Type, By Value, 2023-2030 (In %)
4.1.2.2.2. France Market Share Analysis, By Type, By Value, 2023-2030 (In %)
4.1.2.2.3. Germany Market Share Analysis, By Type, By Value, 2023-2030 (In %)
4.1.2.2.4. Italy Market Share Analysis, By Type, By Value, 2023-2030 (In %)
4.1.2.2.5. Spain Market Share Analysis, By Type, By Value, 2023-2030 (In %)
4.1.2.2.6. Sweden Market Share Analysis, By Type, By Value, 2023-2030 (In %)
4.1.2.2.7. Austria Market Share Analysis, By Type, By Value, 2023-2030 (In %)
4.1.2.2.8. Rest of Europe Market Share Analysis, By Type, By Value, 2023-2030 (In %)
4.1.2.3. Asia Pacific Market Share Analysis, By Type, By Value, 2023-2030 (In %)
4.1.2.3.1. China Market Share Analysis, By Type, By Value, 2023-2030 (In %)
4.1.2.3.2. India Market Share Analysis, By Type, By Value, 2023-2030 (In %)
4.1.2.3.3. Japan Market Share Analysis, By Type, By Value, 2023-2030 (In %)
4.1.2.3.4. South Korea Market Share Analysis, By Type, By Value, 2023-2030 (In %)
4.1.2.3.5. Australia Market Share Analysis, By Type, By Value, 2023-2030 (In %)
4.1.2.3.6. ASEAN Market Share Analysis, By Type, By Value, 2023-2030 (In %)
4.1.2.3.7. Rest of APAC Market Share Analysis, By Type, By Value, 2023-2030 (In %)
4.1.2.4. South America Market Share Analysis, By Type, By Value, 2023-2030 (In %)
4.1.2.4.1. Brazil Market Share Analysis, By Type, By Value, 2023-2030 (In %)
4.1.2.4.2. Argentina Market Share Analysis, By Type, By Value, 2023-2030 (In %)
4.1.2.4.3. Rest of South America Market Share Analysis, By Type, By Value, 2023-2030 (In %)
4.1.2.5. Middle East and Africa Market Share Analysis, By Type, By Value, 2023-2030 (In %)
4.1.2.5.1. South Africa Market Share Analysis, By Type, By Value, 2023-2030 (In %)
4.1.2.5.2. GCC Market Share Analysis, By Type, By Value, 2023-2030 (In %)
4.1.2.5.3. Egypt Market Share Analysis, By Type, By Value, 2023-2030 (In %)
4.1.2.5.4. Nigeria Market Share Analysis, By Type, By Value, 2023-2030 (In %)
4.1.2.5.5. Rest of Middle East and Africa Market Share Analysis, By Type, By Value, 2023-2030 (In %)
4.1.3. Market Share Analysis, By Application, By Value, 2023-2030 (In %)
4.1.4. North America Market Share Analysis, By Application, By Value, 2023-2030 (In %)
4.1.4.1.1. USA Market Share Analysis, By Application, By Value, 2023-2030 (In %)
4.1.4.1.2. Canada Market Share Analysis, By Application, By Value, 2023-2030 (In %)
4.1.4.1.3. Mexico Market Share Analysis, By Application, By Value, 2023-2030 (In %)
4.1.4.2. Europe Market Share Analysis, By Application, By Value, 2023-2030 (In %)
4.1.4.2.1. UK Market Share Analysis, By Application, By Value, 2023-2030 (In %)
4.1.4.2.2. France Market Share Analysis, By Application, By Value, 2023-2030 (In %)
4.1.4.2.3. Germany Market Share Analysis, By Application, By Value, 2023-2030 (In %)
4.1.4.2.4. Italy Market Share Analysis, By Application, By Value, 2023-2030 (In %)
4.1.4.2.5. Spain Market Share Analysis, By Application, By Value, 2023-2030 (In %)
4.1.4.2.6. Sweden Market Share Analysis, By Application, By Value, 2023-2030 (In %)
4.1.4.2.7. Austria Market Share Analysis, By Application, By Value, 2023-2030 (In %)
4.1.4.2.8. Rest of Europe Market Share Analysis, By Application, By Value, 2023-2030 (In %)
4.1.4.3. Asia Pacific Market Share Analysis, By Application, By Value, 2023-2030 (In %)
4.1.4.3.1. China Market Share Analysis, By Application, By Value, 2023-2030 (In %)
4.1.4.3.2. India Market Share Analysis, By Application, By Value, 2023-2030 (In %)
4.1.4.3.3. Japan Market Share Analysis, By Application, By Value, 2023-2030 (In %)
4.1.4.3.4. South Korea Market Share Analysis, By Application, By Value, 2023-2030 (In %)
4.1.4.3.5. Australia Market Share Analysis, By Application, By Value, 2023-2030 (In %)
4.1.4.3.6. ASEAN Market Share Analysis, By Application, By Value, 2023-2030 (In %)
4.1.4.3.7. Rest of APAC Market Share Analysis, By Application, By Value, 2023-2030 (In %)
4.1.4.4. South America Market Share Analysis, By Application, By Value, 2023-2030 (In %)
4.1.4.4.1. Brazil Market Share Analysis, By Application, By Value, 2023-2030 (In %)
4.1.4.4.2. Argentina Market Share Analysis, By Application, By Value, 2023-2030 (In %)
4.1.4.4.3. Rest of South America Market Share Analysis, By Application, By Value, 2023-2030 (In %)
4.1.4.5. Middle East and Africa Market Share Analysis, By Application, By Value, 2023-2030 (In %)
4.1.4.5.1. South Africa Market Share Analysis, By Application, By Value, 2023-2030 (In %)
4.1.4.5.2. GCC Market Share Analysis, By Application, By Value, 2023-2030 (In %)
4.1.4.5.3. Egypt Market Share Analysis, By Application, By Value, 2023-2030 (In %)
4.1.4.5.4. Nigeria Market Share Analysis, By Application, By Value, 2023-2030 (In %)
4.1.4.5.5. Rest of Middle East and Africa Market Share Analysis, By Application, By Value, 2023-2030 (In %)
4.2. Stellar Competition matrix
4.2.1. Global Stellar Competition Matrix
4.2.2. North America Stellar Competition Matrix
4.2.3. Europe Stellar Competition Matrix
4.2.4. Asia Pacific Stellar Competition Matrix
4.2.5. South America Stellar Competition Matrix
4.2.6. Middle East and Africa Stellar Competition Matrix
4.3. Key Players Benchmarking
4.3.1. Key Players Benchmarking by Type, Pricing, Market Share, Investments, Expansion Plans, Physical Presence and Presence in the Market.
4.4. Mergers and Acquisitions in Industry
4.4.1. M&A by Region, Value and Strategic Intent
4.5. Market Dynamics
4.5.1. Market Drivers
4.5.2. Market Restraints
4.5.3. Market Opportunities
4.5.4. Market Challenges
4.5.5. PESTLE Analysis
4.5.6. PORTERS Five Force Analysis
4.5.7. Value Chain Analysis
Chapter 5 Global Graphite Market Segmentation: By Type
5.1. Global Graphite Market, By Type, Overview/Analysis, 2023-2030
5.2. Global Graphite Market, By Type, By Value, Market Share (%), 2023-2030 (USD Billion)
5.3. Global Graphite Market, By Type, By Value, -
5.3.1. Crystalline Graphite
5.3.2. Amorphous Graphite
5.3.3. Lump Graphite
5.3.4. Highly Ordered Pyrolytic Graphite
Chapter 6 Global Graphite Market Segmentation: By Application
6.1. Global Graphite Market, By Application, Overview/Analysis, 2023-2030
6.2. Global Graphite Market Size, By Application, By Value, Market Share (%), 2023-2030 (USD Billion)
6.3. Global Graphite Market, By Application, By Value, -
6.3.1. Refractories
6.3.2. Batteries
6.3.3. Steelmaking
6.3.4. Brake linings
6.3.5. Foundry facings and lubricants
6.3.6. Pencils
6.3.7. Others
Chapter 7 Global Graphite Market Segmentation: By Region
7.1. Global Graphite Market, By Region – North America
7.1.1. North America Graphite Market Size, By Type, By Value, 2023-2030 (USD Billion)
7.1.2. North America Graphite Market Size, By Application, By Value, 2023-2030 (USD Billion)
7.1.3. By Country – U.S.
7.1.3.1. U.S. Graphite Market Size, By Type, By Value, 2023-2030 (USD Billion)
7.1.3.2. U.S. Graphite Market Size, By Application, By Value, 2023-2030 (USD Billion)
7.1.3.3. Canada Graphite Market Size, By Value, 2023-2030 (USD Billion)
7.1.3.4. Mexico Graphite Market Size, By Value, 2023-2030 (USD Billion)
7.2. Europe Graphite Market Size, By Value, 2023-2030 (USD Billion)
7.2.1. UK
7.2.2. France
7.2.3. Germany
7.2.4. Italy
7.2.5. Spain
7.2.6. Sweden
7.2.7. Austria
7.2.8. Rest of Europe
7.3. Asia Pacific Graphite Market Size, By Value, 2023-2030 (USD Billion)
7.3.1. China
7.3.2. India
7.3.3. Japan
7.3.4. South Korea
7.3.5. Australia
7.3.6. ASEAN
7.3.7. Rest of APAC
7.4. Middle East and Africa Graphite Market Size, By Value, 2023-2030 (USD Billion)
7.4.1. South Africa
7.4.2. GCC
7.4.3. Egypt
7.4.4. Nigeria
7.4.5. Rest of Middle East and Africa
7.5. South America Graphite Market Size, By Value, 2023-2030 (USD Billion)
7.5.1. Brazil
7.5.2. Argentina
7.5.3. Rest of South America
Chapter 8 Company Profiles
8.1. Key Players
8.1.1. Leading Edge Materials Corp. (Canada)
8.1.1.1. Company Overview
8.1.1.2. Type Portfolio
8.1.1.3. Financial Overview
8.1.1.4. Business Strategy
8.1.1.5. Key Developments
8.1.2. NextSource Materials Inc. (Canada)
8.1.3. Syrah Resources Limited. (Australia)
8.1.4. Talga Group Ltd. (Australia)
8.1.5. Triton Minerals Ltd. (Australia)
8.1.6. Indiana Resources (Australia)
8.1.7. EcoGraf Limited (Australia)
8.1.8. Magnis (Australia)
8.1.9. Next Graphite Inc. (United States)
8.1.10. Others
8.2. Key Findings
8.3. Recommendations
