Graphite Market Overview: Strategies for 2030

The Graphite Market  is projected to reach USD 10.20 billion by the end of 2025. By 2030, the market is expected to grow to USD 13.78 billion, registering a compound annual growth rate (CAGR) of 6.2% between 2025 and 2030.

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Key growth drivers include the surging global demand for lithium-ion batteries—especially for electric vehicles (EVs), the expansion of the renewable energy sector, and advancements in graphite production and processing technologies. As the energy transition accelerates, graphite's role as a critical material in battery anodes continues to gain strategic importance.

The Asia-Pacific region dominates the global graphite market, primarily due to China’s overwhelming control of supply chains.  This geographic concentration poses both a strategic advantage and a vulnerability for the global supply chain. The industry remains highly competitive, driven by increasing EV battery demand and mounting sustainability pressures. Leading companies are investing in supply chain diversification, green technologies, and strategic partnerships to enhance market presence and mitigate risks associated with China's supply dominance and the high costs of graphite production.