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Natural Graphite as a Strategic Resource: 2031 Outlook, Top Trends, Battery-Grade

07-18-2025 04:47 PM CET | Chemicals & Materials

Press release from: Business Market Insights

Natural Graphite Market

Natural Graphite Market

The Natural Graphite market size is expected to reach US$ 8.27 billion by 2031 from US$ 4.15 billion in 2024. The market is estimated to record a CAGR of 10.6% from 2025 to 2031.

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Executive Summary: Global Natural Graphite Market

The global natural graphite market is experiencing a significant shift, transitioning from a conventional industrial mineral to a critical component in the global energy transition. This transformation is primarily propelled by the rapid expansion of the electric vehicle (EV) sector and the increasing need for large-scale energy storage solutions.

Natural graphite is vital for lithium-ion batteries, serving as the primary anode material, and is therefore central to decarbonization initiatives in the automotive and energy industries. This has elevated graphite to a position of strategic importance in global resource competition.

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The Asia-Pacific (APAC) region dominates the natural graphite market, accounting for nearly 80% of global demand. This strong growth in APAC is driven by substantial demand from key industries such as EVs, steel, batteries, and electronics.

Segments Covered: Natural Graphite market

Natural Graphite market By Type

Flake Graphite
Amorphous Graphite
Vein Graphite

Natural Graphite market By Application

Batteries
Refractories
Electrodes
Lubricants
Friction Products
Other Applications

Natural Graphite market By End-user Industry

Automotive
Metallurgy
Electronics
Energy
Aerospace
Other End-user

Natural Graphite market Regions and Countries Covered

North America

US
Canada
Mexico

Europe

Germany
Italy
France
U.K.
Spain
Belgium
Netherlands
Luxembourg
Norway
Finland
Denmark
Sweden
Switzerland
Austria
Greece
Portugal
Russia
Poland
Romania
Czech Republic
Ukraine
Slovakia
Bulgaria

Asia-Pacific

China
Japan
South Korea
India
Australia
New Zealand
Indonesia
Malaysia
Philippines
Singapore
Thailand
Vietnam
Taiwan
Bangladesh

South and Central America

Brazil
Argentina
Chile
Colombia
Peru

Middle East and Africa

Saudi Arabia
United Arab Emirates
Kuwait
Bahrain
Qatar
Oman
Turkiye
South Africa
Egypt
Nigeria
Algeria

Market leaders and key company profiles

Syrah Resources Limited
Northern Graphite Corp.
Triton Minerals Ltd
Graphite India Limited
Mason Resources Inc.
Fangda Carbon New Materials Technology Co., Ltd.
NextSource Materials Inc.
BTR New Material Group Co., Ltd.
Shanghai Shanshan Technology Co., Ltd.

Natural Graphite Market Drivers and Opportunities:

Electric Vehicle (EV) Growth

The surging adoption of electric vehicles is the most significant driver for the graphite market. Graphite is a critical component in lithium-ion battery anodes, making it essential for EV battery production.

Battery Technology Innovation

As battery technologies evolve-especially for EVs and grid storage-the need for high-purity natural graphite is rising. Companies investing in advanced extraction and purification methods are well-positioned to benefit.

Natural Graphite Market Size and Share Analysis

By type, Flake Graphite, Amorphous Graphite, Vein Graphite - flake graphite has the greatest demand in the global market. Flake graphite is the most common form of natural graphite with the highest market share worldwide, primarily due to its essential role in battery anode materials for electric vehicles and energy storage, as well as its use in refractories and other industrial applications.

By application, Batteries, Refractories, Electrodes, Lubricants, Friction Products, and Other Uses-the battery sector stands out as the largest and most rapidly expanding market for natural graphite. In particular, lithium-ion batteries for electric vehicles and energy storage are driving this surge, with demand expected to increase dramatically in the coming years.

By end-user, the rapid expansion of the electric vehicle market has shifted the largest end-user demand to batteries, surpassing traditional industrial applications.

By geography, Asia-Pacific (APAC) region is the largest demand market for natural graphite. This dominance is primarily driven by China, which accounts for majority of global natural graphite production and 90% of processing capacity, making the region the central hub for both supply and consumption. APAC's leadership is fueled by its robust electric vehicle (EV) battery sector, expansive manufacturing base, and significant investments in advanced materials and industrial applications.

Natural Graphite Market Report Coverage and Deliverables

The "Natural Graphite Market Outlook (2021-2031)" report provides a detailed analysis of the market covering below areas:

Natural Graphite market size and forecast at global, regional, and country levels for all the key market segments covered under the scope.
Natural Graphite market trends, as well as market dynamics such as drivers, restraints, and key opportunities
Detailed Porter's Five Forces and SWOT analysis.
Natural Graphite market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments.
Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the Natural Graphite market.
Detailed company profiles

Contact Us:
If you have any queries about this report or if you would like further information, please
Contact Person: Ankit Mathur
Phone: +16467917070
Email: sales@businessmarketinsights.com

About Us:
Business Market Insights is a market research platform that provides subscription service for industry and company reports. Our research team has extensive professional expertise in domains such as Electronics & Semiconductor; Aerospace & Defense; Automotive & Transportation; Energy & Power; Healthcare; Manufacturing & Construction; Food & Beverages; Chemicals & Materials; and Technology, Media, & Telecommunications.

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