Global Carbon Graphite
Market Report
2025
The global carbon graphite market size will be USD 15245.2 million in 2024. Rising demand for high-purity graphite in aerospace applications is expected to boost sales to USD 23846.98942 million by 2031, with a Compound Annual Growth Rate (CAGR) of 6.60% from 2024 to 2031.
The base year for the calculation is 2024. The historical will be 2021 to 2024. The year 2025 will be estimated one while the forecasted data will be from year 2025 to 2033. When we deliver the report that time we updated report data till the purchase date.
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According to Cognitive Market Research, the global carbon graphite market size will be USD 15245.2 million in 2024. It will grow at a compound annual growth rate (CAGR) of 6.60% from 2024 to 2031.
2024 | 2025 | 2032 | 2033 | CAGR | |
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Global Carbon Graphite Market Sales Revenue | $ 15245.2 Million | 121212 | 121212 | 121212 | 6.6% |
North America Carbon Graphite Market Sales Revenue | $ 6098.08 Million | 121212 | 121212 | 121212 | 4.8% |
Mexico Carbon Graphite Market Sales Revenue | $ 554.93 Million | 121212 | 121212 | 121212 | 5.3% |
Canada Carbon Graphite Market Sales Revenue | $ 731.77 Million | 121212 | 121212 | 121212 | 5.6% |
United States Carbon Graphite Market Sales Revenue | $ 4811.39 Million | 121212 | 121212 | 121212 | 4.6% |
Europe Carbon Graphite Market Sales Revenue | $ 4573.56 Million | 121212 | 121212 | 121212 | 5.1% |
Italy Carbon Graphite Market Sales Revenue | $ 393.33 Million | 121212 | 121212 | 121212 | 4.5% |
Germany Carbon Graphite Market Sales Revenue | $ 905.56 Million | 121212 | 121212 | 121212 | 5.3% |
France Carbon Graphite Market Sales Revenue | $ 420.77 Million | 121212 | 121212 | 121212 | 4.3% |
Spain Carbon Graphite Market Sales Revenue | $ 375.03 Million | 121212 | 121212 | 121212 | 4.2% |
United Kingdom Carbon Graphite Market Sales Revenue | $ 768.36 Million | 121212 | 121212 | 121212 | 5.9% |
Russia Carbon Graphite Market Sales Revenue | $ 708.9 Million | 121212 | 121212 | 121212 | 4.1% |
Rest of Europe Carbon Graphite Market Sales Revenue | $ 708.9 Million | 121212 | 121212 | 121212 | 3.8% |
Asia Pacific Carbon Graphite Market Sales Revenue | $ 3506.4 Million | 121212 | 121212 | 121212 | 8.6% |
India Carbon Graphite Market Sales Revenue | $ 420.77 Million | 121212 | 121212 | 121212 | 10.4% |
Korea Carbon Graphite Market Sales Revenue | $ 350.64 Million | 121212 | 121212 | 121212 | 7.7% |
Japan Carbon Graphite Market Sales Revenue | $ 483.88 Million | 121212 | 121212 | 121212 | 7.1% |
China Carbon Graphite Market Sales Revenue | $ 1577.88 Million | 121212 | 121212 | 121212 | 8.1% |
Australia Carbon Graphite Market Sales Revenue | $ 182.33 Million | 121212 | 121212 | 121212 | 8.3% |
Rest of APAC Carbon Graphite Market Sales Revenue | $ 248.95 Million | 121212 | 121212 | 121212 | 8.4% |
South America Carbon Graphite Market Sales Revenue | $ 762.26 Million | 121212 | 121212 | 121212 | 6% |
Brazil Carbon Graphite Market Sales Revenue | $ 326.25 Million | 121212 | 121212 | 121212 | 6.6% |
Chile Carbon Graphite Market Sales Revenue | $ 54.88 Million | 121212 | 121212 | 121212 | 6.3% |
Peru Carbon Graphite Market Sales Revenue | $ 62.51 Million | 121212 | 121212 | 121212 | 6.2% |
Colombia Carbon Graphite Market Sales Revenue | $ 67.84 Million | 121212 | 121212 | 121212 | 5.8% |
Argentina Carbon Graphite Market Sales Revenue | $ 128.06 Million | 121212 | 121212 | 121212 | 6.9% |
Rest of South America Carbon Graphite Market Sales Revenue | $ 122.72 Million | 121212 | 121212 | 121212 | 5.1% |
Middle East and Africa Carbon Graphite Market Sales Revenue | $ 304.9 Million | 121212 | 121212 | 121212 | 6.3% |
Egypt Carbon Graphite Market Sales Revenue | $ 32.01 Million | 121212 | 121212 | 121212 | 6.6% |
Turkey Carbon Graphite Market Sales Revenue | $ 26.22 Million | 121212 | 121212 | 121212 | 5.8% |
Rest of MEA Carbon Graphite Market Sales Revenue | $ 35.98 Million | 121212 | 121212 | 121212 | 5.3% |
Base Year | 2024 |
Historical Data Time Period | 2021-2024 |
Forecast Period | 2025-2033 |
Market Split by Product |
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Market Split by End-user Industry |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Market Drivers:
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Market Restrains:
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Market Trends:
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Report scope is customizable as we have a huge database of Carbon Graphite industry. We can deliver an exclusive report Edition/Consultation as per your data requirements. Request for your Free Sample Pages.
Carbon Graphite Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
Carbon graphite is a material known for its exceptional thermal and electrical conductivity, resistance to high temperatures, and lubricating properties, making it invaluable in various industrial applications. The market for carbon graphite has experienced significant growth due to its critical role in steel production, where graphite electrodes are essential for electric arc furnaces. Additionally, the rise in demand for electronics, renewable energy solutions, and automotive components has further driven market expansion. Innovations in production technologies, coupled with the increasing use of graphite in energy storage solutions, have bolstered market dynamics. However, challenges such as diminishing natural reserves and supply chain disruptions have also influenced market trends.
In July 2024, Volt Carbon Technologies Inc. announced the launch of its new online store, dedicated to supplying natural flake graphite directly to end users. This store is part of Volt Carbon's strategy to scale up its dry separation process and generate revenue to support its operations. (Source: https://www.newsfilecorp.com/release/216976/Volt-Carbon-Technologies-Launches-Online-Store-for-Its-Natural-Flake-Graphite-and-Terminates-Option-Agreement)
Improvements in graphite processing and manufacturing technologies are significantly driving growth in the Carbon Graphite Market. Enhanced purification techniques and advanced machining processes have led to higher-quality graphite with superior properties. Innovations such as isostatic pressing and chemical vapor deposition enable the production of uniform, high-strength graphite components. These advancements reduce production costs and enhance efficiency, making graphite more attractive for high-tech applications in the aerospace, automotive, and electronics industries. Additionally, improved recycling technologies for synthetic graphite contribute to sustainability, further boosting market demand. As a result, the market is experiencing robust growth driven by these technological advancements.
The rising demand for graphite in steel production significantly propels the growth of the Carbon Graphite Market. Graphite electrodes are crucial in electric arc furnace (EAF) steelmaking, a process preferred for its efficiency and lower carbon footprint compared to traditional methods. As global steel production increases, especially in developing economies, the need for high-quality graphite electrodes grows, driving market expansion. Additionally, advancements in EAF technology and the shift towards sustainable steel production further boost the demand for carbon graphite products.
The Carbon Graphite Market faces long-term growth challenges due to diminishing graphite reserves. As natural graphite sources become scarcer, extraction and processing costs rise, leading to increased prices for end-users. This scarcity may also limit the availability of graphite for critical applications in industries such as steel production, electronics, and renewable energy. Consequently, companies are investing in synthetic graphite alternatives and exploring new mining locations. Still, these efforts may only partially offset the impact of dwindling natural reserves on the market's future growth.
The Covid-19 pandemic significantly impacted the Carbon Graphite Market. Supply chain disruptions and lockdown measures led to a temporary halt in mining and production activities, causing delays and shortages. Decreased industrial activities, particularly in the automotive and aerospace sectors, decreased demand for graphite products. Additionally, economic uncertainties and reduced capital expenditures affected market investments. However, as industries gradually reopened and adapted to new norms, the market began to recover, driven by renewed demand in electronics, renewable energy, and steel production sectors.
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The competitive landscape of the Carbon Graphite Market is characterized by a mix of established players and emerging companies focusing on innovation and efficiency. Key competitive factors include advancements in production technologies, cost management, and the ability to meet diverse application needs. Market players are also exploring sustainable practices and new applications to maintain a competitive edge.
June 2024: Sinonus (Borås), a Swedish startup, announced the development of carbon fibers that can also function as battery electrodes. In its lab, Sinonus had already begun replacing AAA batteries in low-power products and planned to extend this technology to larger applications, including IoT devices, drones, computers, larger vehicles, and airplanes. (Source: https://www.compositesworld.com/news/sinonus-launches-energy-storing-carbon-fiber) May 2024: Xenia Materials, a global developer of carbon fiber-reinforced polymers, introduced a new range of PVDF-based compounds for 3D printing pellet-fed applications. These materials combine carbon fiber properties with PVDF features, enhancing performance and chemical resistance. (Source: https://www.voxelmatters.com/xenia-to-launch-new-carbon-fibre-reinforced-pvdf-for-3d-printing/)
Top Companies Market Share in Carbon Graphite Industry: (In no particular order of Rank)
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According to Cognitive Market Research, North America dominated the market in 2024. It accounted for around 40% of the global revenue due to its advanced industrial infrastructure, significant demand from the aerospace and automotive sectors, and extensive research and development activities. The region's robust technological advancements and strong presence of key market players further bolstered its market dominance.
The Asia Pacific region is the fastest growing in the carbon graphite market, driven by increasing industrialization and demand from key sectors such as electronics, automotive, and renewable energy. The region's robust manufacturing base and investments in advanced technologies further bolster market growth. Additionally, rising environmental regulations and the shift towards sustainable energy solutions contribute to the expanding use of carbon graphite in various applications across the region.
The current report Scope analyzes Carbon Graphite Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
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According to Cognitive Market Research, the global carbon graphite market size was estimated at USD 15245.2 Million, out of which North America held the major market share of more than 40% of the global revenue with a market size of USD 6098.08 million in 2024 and is projected to increase at a compound annual growth rate (CAGR) of 4.8% from 2024 to 2031.
According to Cognitive Market Research, the global carbon graphite market size was estimated at USD 15245.2 Million, out of which Europe held the market share of more than 30% of the global revenue with a market size of USD 4573.56 million in 2024 and will progress at a compound annual growth rate (CAGR) of 5.1% from 2024 to 2031.
According to Cognitive Market Research, the global carbon graphite market size was estimated at USD 15245.2 Million, out of which Asia Pacific held the market share of around 23% of the global revenue with a market size of USD 3506.40 million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.6% from 2024 to 2031.
According to Cognitive Market Research, the global carbon graphite market size was estimated at USD 15245.2 Million, out of which the Latin America held the market share of around 5% of the global revenue with a market size of USD 762.26 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.0% from 2024 to 2031. .
According to Cognitive Market Research, the global carbon graphite market size was estimated at USD 15245.2 Million, out of which the Middle East and Africa held the major market share of around 2% of the global revenue with a market size of USD 304.90 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.3% from 2024 to 2031..
Global Carbon Graphite Market Report 2025 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Carbon Graphite Industry growth. Carbon Graphite market has been segmented with the help of its Product, End-user Industry , and others. Carbon Graphite market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
According to Cognitive Market Research, electrodes hold a major share in the carbon graphite market, driven by their critical role in electric arc furnace (EAF) steel production. The high demand for steel in the construction and automotive industries boosts the need for graphite electrodes. Additionally, advancements in EAF technology and the shift towards more sustainable and efficient steelmaking processes further solidify the dominance of electrodes within the carbon graphite market.
The powder segment is the fastest growing in the carbon graphite market, driven by its versatile applications in batteries, lubricants, and conductive materials. The growing need for efficient energy storage solutions, particularly in electric vehicles and renewable energy sectors, fuels this growth. Additionally, advancements in powder processing technologies and the rising adoption of graphite powder in 3D printing and electronics manufacturing further enhance its market expansion.
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According to Cognitive Market Research, the industrial sector holds a major share in the carbon graphite market driven by its extensive use in steel production, electronics, and automotive industries. Graphite's superior thermal and electrical conductivity, along with its high-temperature resistance, make it indispensable for various industrial applications. The ongoing advancements in manufacturing technologies and the increasing demand for efficient, high-performance materials further reinforce the significant role of the industrial sector in this market.
The aerospace sector is the fastest growing segment in the carbon graphite market, fueled by the material's critical properties like high thermal conductivity and strength-to-weight ratio. As aerospace manufacturers seek to enhance performance and fuel efficiency, the demand for carbon graphite components increases. This growth is driven by advancements in aircraft design and the expanding use of carbon graphite in space exploration and satellite technologies.
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Manoj Phagare is a dynamic and results-driven research analyst with a passion for transforming raw data into actionable insights. Armed with a solid foundation in market research and data analysis and working in various domains including chemical & materials and paints & coatings. He thrive on the challenge of uncovering patterns, trends, and opportunities that drive strategic decision-making.His analytical mindset, coupled with effective communication skills, allows him to bridge the gap between data analysis and practical business applications.
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Conclusion
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Disclaimer:
Product | Electrodes, Fibres, Powder, Others |
End-user Industry | Industrial, Aerospace, Others |
List of Competitors | IBIDEN, Graphite India Limited, Fangda Carbon New Material Co., Ltd., Datong Xincheng New Material Co., Ltd, GrafTech International Limited, Nippon Carbon Co Ltd., SCHUNK SE & Co. KG, Sinosteel Engineering and Technology Co., Ltd., SEC CARBON, LIMITED, Entegris |
This chapter will help you gain GLOBAL Market Analysis of Carbon Graphite. Further deep in this chapter, you will be able to review Global Carbon Graphite Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
This chapter will help you gain North America Market Analysis of Carbon Graphite. Further deep in this chapter, you will be able to review North America Carbon Graphite Market Split by various segments and Country Split.
Chapter 2 North America Market Analysis
This chapter will help you gain Europe Market Analysis of Carbon Graphite. Further deep in this chapter, you will be able to review Europe Carbon Graphite Market Split by various segments and Country Split.
Chapter 3 Europe Market Analysis
This chapter will help you gain Asia Pacific Market Analysis of Carbon Graphite. Further deep in this chapter, you will be able to review Asia Pacific Carbon Graphite Market Split by various segments and Country Split.
Chapter 4 Asia Pacific Market Analysis
This chapter will help you gain South America Market Analysis of Carbon Graphite. Further deep in this chapter, you will be able to review South America Carbon Graphite Market Split by various segments and Country Split.
Chapter 5 South America Market Analysis
This chapter will help you gain Middle East and Africa Market Analysis of Carbon Graphite. Further deep in this chapter, you will be able to review Middle East and Africa Carbon Graphite Market Split by various segments and Country Split.
Chapter 6 Middle East and Africa Market Analysis
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Chapter 7 Top 10 Countries Analysis (Only Available with Corporate User License)
This chapter provides an in-depth analysis of the market share among key competitors of Carbon Graphite. The analysis highlights each competitor's position in the market, growth trends, and financial performance, offering insights into competitive dynamics, and emerging players.
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
This chapter would comprehensively cover market drivers, trends, restraints, opportunities, and various in-depth analyses like industrial chain, PESTEL, Porter’s Five Forces, and ESG, among others. It would also include product life cycle, technological advancements, and patent insights.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Product Analysis 2019 -2031, will provide market size split by Product. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Product Analysis 2021 - 2033
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Chapter 11 Market Split by End-user Industry Analysis 2021 - 2033
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Carbon Graphite market
Chapter 12 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Electrodes have a significant impact on Carbon Graphite market? |
What are the key factors affecting the Electrodes and Fibres of Carbon Graphite Market? |
What is the CAGR/Growth Rate of Industrial during the forecast period? |
By type, which segment accounted for largest share of the global Carbon Graphite Market? |
Which region is expected to dominate the global Carbon Graphite Market within the forecast period? |
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