Graphite Global Market Forecast to 2034, Historical Data of 2019-2024, Supply and Demand, Volume and Value, Manufacturers, Prices, Upstream and Downstream Trends

About the market

• graphite ranks among the world's most versatile non-metallic materials and its demand enjoyed phenomenal growth in the last five years
• this material, composed of layered graphene, has traditional applications as a refractory material and lubricant; however, the most rapidly expanding demand for graphite is now driven by its use in batteries

• graphite is obtained through two primary methods: mining natural deposits or manufacturing it synthetically
• natural graphite is extracted from geological deposits and occurs in three main forms: flake, amorphous and vein
• synthetic graphite is manufactured artificially, primarily from petroleum coke and coal tar pitch, through an energy-intensive high-temperature process
• at present, China dominates the global graphite supply, both natural and synthetic, due to the current location of processing capacity; the country controls nearly 80% of global production of natural graphite and more than 70% of the synthetic
• synthetic graphite dominates the global market, representing roughly 70% of demand, with natural graphite making up the remainder
• battery manufacturers have historically favored synthetic graphite due to its greater reliability, leading to longer battery longevity
• as a result, synthetic graphite is used in almost 80% of anodes made in China

• both natural and synthetic graphite production is expected to grow to meet this rising demand: total graphite demand is set to reach over 11 million tonnes by 2034, doubling from today
• as expected, the global graphite supply chain will remain highly geographically concentrated in the next decade - China will continue to dominate production
• however, there is an opportunity of diversifying global production sources, as many projects are also announced across different regions
• production of synthetic graphite may increase in Japan, Europe and North America; in December 2024, the U.S. Department of Energy announced funding for a new facility in Tennessee that will have an annual output of 31,5 thousand tonnes
• the global supply chain for mined natural graphite is also undergoing a strategic diversification
• this shift is characterized by stabilizing output from China, alongside the rise of major new projects in Africa, e.g. Ancuabe project in Mozambique, Molo project in Madagascar and Nachu project in Tanzania
• additionally, new players are emerging in Canada, India, Sweden and Australia, aiming to supply the growing battery industry

Key Questions Answered in the Report

• What were the main trends of global graphite market in 2019-2024?
• What was global graphite supply/demand balance in 2019-2024?
• What are the main players in global graphite market?
• What drivers and challenges will determine the development of the global graphite market in the next 5-10 years?
• What will be the possible restrains for global graphite market growth?
• What will be the CAGRs for global graphite supply and demand?
• Are there graphite projects to be completed in 2025-2034?
• And many other

Report Scope

*Please note that "Graphite Market Forecast, Trends, Supply and Demand, Prices, Projects, Manufacturers" is a half ready publication and contents are subject to changes and additions. We have all data necessary for report preparation but it needs to be retrieved from our databases, organized in a report, updated with the latest information and thus the complete study will be presented. This process takes 4-5 business days after the order is placed. Thus, our clients always obtain a revised and updated version of each report. Please note that we do not charge for an updating procedure.