Global Graphite Market size is estimated to reach $21.4 Billion by 2024 from $13.9 Billion in 2016; growing at aCAGR of 5.6% from 2016 to 2024. By geography, Asia-Pacific and Europe witnessed fastest CAGR of 5.8% and 5.5%, respectively, from 2016 - 2024.

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Market Dynamics of Global Graphite Market

Global graphite market is boosted by growth in demand for batteries, increasing trend for electric vehicles, expansion in electronic & automotive industries, and decreased lithium-ion battery cost. Though, safety issues with graphite may hamper the growth of the market. Furthermore, enhancements in lithium-ion battery and increasing synthetic graphite production would generate growth opportunities for the market.

Market Segmentation

Global graphite market has been categorized into end-user, product type, and geography. Product type segment includes natural graphite, and synthetic graphite (graphite powder, graphite electrode, graphite blocks,carbon fiber, and others). End-user includes electrode, refractory, foundry, lubricants, battery, and other end-users. Additionally, geography segment comprises North America, Europe, Asia-Pacific, and Rest of the World (RoW). North America is comprises U.S., Canada, and Mexico, whereas Europe consists of UK, Germany, Russia,France,Italy, and Rest of Europe. India, China, South Korea,Japan,and Rest of Asia-Pacific are covered under the Asia-Pacific.
Synthetic graphite accounted the highest market share in 2016
Synthetic graphite accounted the highest market share in 2016 and it is estimated to remain the same over the forecast period, driven by enormous application across various end-use industries.

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Electrode dominated the end-user segment with the largest market share
Electrode accounted for the highest market share in 2016, owing to its wide application in various industries.

Asia-Pacific held the highest market share in the global graphite market

Asia-Pacific generated the highest revenue in 2016, owning to high demand for graphite related products, and increasing demand of electric vehicles in this region. Countries like Singapore and Australia are also expected to witness significant grow of graphite market.

Competitive Landscape

Key players profiled in the report include Alabama Graphite Corp.,Triton Minerals Ltd., Leading Edge Materials Corp., Mason Graphite, Northern Graphite, Focus Graphite Inc., Graphite India Limited, SGL Carbon SE , Syrah Resources Limited, and Asbury Graphite Mills, Inc., among others.

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Scope of the Global Graphite Market
Product Type Segments
• Natural
• Synthetic
o Graphite Electrode
o Carbon Fiber
o Graphite Blocks
o Graphite Powder
o Others
End-User Segments
• Electrode
• Refractory
• Lubricants
• Foundry
• Battery
• Other End-Users
Geographical Segments
• North America
o U.S.
o Canada
o Mexico
• Europe
o UK
o Russia
o Germany
o Italy
o France
o Rest of Europe
• Asia-Pacific
o India
o China
o Japan
o South Korea
o Rest of Asia-Pacific
• RoW
o South America
o Middle East
o Africa
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