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Synthetic Graphite Market to Reach USD 4.74 Billion by 2030, Driven by Battery Demand & Asia-Pacific Growth, Reports Mordor Intelligence
Synthetic Graphite Market
Global synthetic graphite market is projected to grow from USD 3.41 billion in 2025 to USD 4.74 billion by 2030, registering a compound annual growth rate (CAGR) of 6.83%. This growth is largely supported by rising demand from battery manufacturers and steady consumption in metallurgy. Asia-Pacific remains the largest and fastest-growing region, with expanding industrial activity and electric vehicle production fueling market momentum.
Understanding the Synthetic Graphite
Synthetic graphite is a man-made form of carbon produced through high-temperature treatment of petroleum coke or coal tar pitch. Unlike natural graphite, synthetic graphite offers higher purity and consistency, making it suitable for demanding applications such as lithium-ion batteries, steelmaking, and electronics.
Explore Full Report Details: https://www.mordorintelligence.com/industry-reports/synthetic-graphite-market?utm_source=abnewswire
Key Trends Shaping the Synthetic Graphite Market
Rising Demand from Battery Manufacturers
One of the most significant drivers of the synthetic graphite market is its use in lithium-ion batteries. These batteries rely on graphite anodes for efficient energy storage and discharge. With electric vehicles (EVs), consumer electronics, and renewable energy systems expanding globally, battery-grade synthetic graphite is seeing consistent demand.
Battery manufacturers prefer synthetic graphite for its uniform particle size and high conductivity. As EV adoption accelerates, especially in Asia-Pacific and Europe, the need for synthetic graphite is expected to grow steadily through 2030Mordor Intelligence.
Metallurgical Applications Remain Steady
Synthetic graphite continues to play a vital role in metallurgy, particularly in steel and aluminum production. It is used in electrodes for electric arc furnaces and in crucibles for high-temperature processes. While this segment is not growing as rapidly as batteries, it provides a stable base for market consumption.
Countries with strong steel industries, such as China and India, contribute significantly to this demand. The material's thermal resistance and structural integrity make it indispensable in these high-heat environments.
Asia-Pacific Leads in Consumption and Production
Asia-Pacific dominates both the production and consumption of synthetic graphite. China, in particular, is home to several key manufacturers and has a robust supply chain for graphite-based products. The region's leadership in EV manufacturing and electronics further boosts its market share.
Other countries in the region, including South Korea and Japan, are also investing in battery technologies, reinforcing Asia-Pacific's position as the fastest-growing market segment.
Explore Japanese Version of the Report: https://www.mordorintelligence.com/ja/industry-reports/synthetic-graphite-market?utm_source=abnewswire
Synthetic Graphite Market Segmentation:
The synthetic graphite market is segmented across multiple dimensions, each contributing uniquely to overall growth.
By Application
* Batteries: The largest and fastest-growing application, driven by EVs and energy storage systems.
* Metallurgy: Includes electrodes and crucibles used in steel and aluminum production.
* Other Applications: Foundries, lubricants, and refractories.
By Product Type
* Graphite Anode: Used primarily in lithium-ion batteries.
* Graphite Block: Applied in industrial furnaces and refractories.
* Other Types: Includes powder and shaped products for specialized uses.
By End-User Industry
* Automotive: Increasing use in EV batteries and brake linings.
* Steel and Metals: Continued reliance on graphite electrodes.
* Energy and Power: Integration into renewable energy storage systems.
* Electronics and Electrical: Use in semiconductors and thermal management.
These segments reflect the diverse utility of synthetic graphite across modern and traditional industries, ensuring a balanced market outlook.
Browse Competitive Landscape Details: https://www.mordorintelligence.com/industry-reports/synthetic-graphite-market/companies?utm_source=abnewswire
Key Players in the Synthetic Graphite Market
* Imerys
* BTR New Material Group Co., Ltd.
* GrafTech International
* Resonac Holdings Corporation
* Tokai COBEX GmbH
Get More Information Related to Chemicals and Materials Industry Research: https://www.mordorintelligence.com/market-analysis/chemicals-materials?utm_source=abnewswire
Conclusion: Outlook for the Synthetic Graphite Market
The synthetic graphite market is set to expand steadily over the next five years, reaching USD 4.74 billion by 2030. While battery applications are expected to drive most of the growth, traditional sectors like metallurgy and electronics will continue to provide stable demand.
Explore Related Reports:
Carbon Black Market: Carbon Black Market Report is Segmented by Process Type (Furnace Black, Gas Black, Thermal Black, and Lamp Black), Application (Tire and Industrial Rubber Product, Plastic, Toner and Printing Ink, Coating, Textile Fiber, and Others), and Geography (Asia-Pacific, North America, Europe, South America, and Middle-East and Africa). The Market Forecasts are Provided in Terms of Value (USD).
Get Full Details: https://www.mordorintelligence.com/industry-reports/carbon-black-market?utm_source=abnewswire
About Mordor Intelligence:
Mordor Intelligence is a trusted partner for businesses seeking comprehensive and actionable market intelligence. Our global reach, expert team, and tailored solutions empower organizations and individuals to make informed decisions, navigate complex markets, and achieve their strategic goals. With a team of over 550 domain experts and on-ground specialists spanning 150+ countries, Mordor Intelligence possesses a unique understanding of the global business landscape. This expertise translates into comprehensive syndicated and custom research reports covering a wide spectrum of industries, including aerospace & defense, agriculture, animal nutrition and wellness, automation, automotive, chemicals & materials, consumer goods & services, electronics, energy & power, financial services, food & beverages, healthcare, hospitality & tourism, information & communications technology, investment opportunities, and logistics.
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