The global graphite market size was valued at USD 7.80 billion in 2024. The market is projected to grow from USD 8.32 billion in 2025 to USD 13.35 billion by 2032, exhibiting a CAGR of 6.9% during the forecast period. Asia Pacific dominated the graphite market with a market share of 56.02% in 2024. Graphite refers to a naturally soft and lightweight element featuring nonmetallic and metallic attributes, which make it suitable for different industrial applications. The high deployment of the product in refractories, coupled with the rising demand for Electric Arc Furnaces (EAF), is propelling the market growth.

Fortune Business Insights™ provides this information in its research report, titled “Graphite Market, 2025-2032”.

Tariff Impact Analysis for Graphite Market: https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/graphite-market-105322

List of Key Players Mentioned in the Report:

• AMG (Germany)
• Asbury Carbons (U.S.)
• Eagle Graphite (Canada)
• Grafitbergbau Kaisersberg GmbH (Austria)
• Imerys S.A. (France)
• Stoker Concast Pvt. Ltd. (India)
• BTR NEW Material Group Co., Ltd. (China)
• Nacional de Grafite (Brazil)
• SGL Carbon (Germany)
• Mineral Commodities Ltd. (Australia)
• Superior Graphite (U.S.)
• Tirupati Carbons & Chemicals Pvt. Ltd. (India)

Segmentation:

Massive Uptake of Synthetic Products to Impel Segment Expansion

On the basis of product, the market is bifurcated into synthetic and natural. The synthetic segment captured the largest market share in 2023. The extensive uptake of synthetic products among consumers is augmenting the segment’s growth.