![Global Graphite Market](https://res.cloudinary.com/devmoveo/image/upload/v1701339378/skyquest/gallery/Global-Graphite-Market.jpg)
Report ID: SQMIG15J2066
Report ID:
SQMIG15J2066 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|
Tables:
95 |
Figures:
76
Global Graphite Market size was valued at USD 20.5 billion in 2022 and is poised to grow from USD 21.53 billion in 2023 to USD 31.80 billion by 2031, growing at a CAGR of 5.% in the forecast period (2024-2031).
In recent years, the global graphite market has been changing due to the diverse industrial applications and the increasing demand for sustainable and lightweight materials.
In the manufacturing of refractories, lubricants, batteries, and electrodes, it serves as a crucial material. The excellent thermal conductivity, electrical conductivity, and high melting point of graphite make it essential in industries such as metallurgy, electronics, and energy storage.
Additionally, the extensive industrial base and significant steel production of Asia-Pacific, particularly China, aids it to hold a dominant position in the global graphite market.
North America and Europe are witnessing increased demand for graphite due to a growing emphasis on electric vehicles and renewable energy projects.
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Report ID: SQMIG15J2066