Graphite Market Size Worth $43.31 Billion by 2032 – Rising Demand for Lithium-Ion Batteries to Bolster Growth

Newark, Jan. 24, 2024 (GLOBE NEWSWIRE) — The Brainy Insights estimates that the global graphite market will grow from USD 23.73 Billion in 2022 to USD 43.31 Billion by 2032. The discovery of composite materials containing graphite has created new opportunities for improving mechanical and thermal qualities in materials research. In the sports goods, automotive, and aerospace industries, graphite fibres incorporated into a polymer matrix are carbon fibre-reinforced composites. These composite materials provide a special blend of lightweight, great strength, and superior heat conductivity. Graphite is mined and processed using various methods to extract and refine the material for use in various industrial applications. Traditional methods of obtaining chipped graphite use open-pit mining and mechanical processing. On the other hand, technological developments have produced more efficient and sustainable methods of producing high-quality graphite, like chemical vapour deposition (CVD).
• In October 2022: Syrah Resources Ltd. declared it would provide LG Energy Solution Ltd. in South Korea with a crucial lithium-ion battery component. The deal said that the business would supply LG Energy Solution Ltd. with active anode material (AAM) at a rate of two kilotons per year starting in 2025 and increasing to at least ten kilotons per year once its Vidalia facility in Louisiana reached production capability.
• EPM Group
• Eagle Graphite
• Graphite India Limited
• Asbury Carbons
• GrafTech International Ltd.
• NIPPON GRAPHITE INDUSTRIES CO. LTD.
• Imersys
• Qingdao Tennry Carbon Co., Ltd.
• NORTHERN GRAPHITE CORPORATION
• Syrah Resources Limited
• SGL Carbon
• SHOWA DENKO K.K.
• Tokai Carbon Co., Ltd.
• Synthetic• Low Purity• Refractories
• Electrodes
• Others
• Europe (Germany, France, the U.K., Italy, Spain, Rest of Europe)
• Asia-Pacific (China, Japan, India, Rest of APAC)
• South America (Brazil and the Rest of South America)
• The Middle East and Africa (UAE, South Africa, Rest of MEA)
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(GlobeNewsWire)