- Published: June 2024
- Pages: 244
- Tables: 43
- Figures: 37
Graphite is used across multiple industries such as automotive, steel-making, powder metallurgy, fuel cells, and flame retardants. Graphite is a critical raw material for the green transition and demand is increasing in markets including electric vehicles and green energy storage. Huge growth in the electric vehicle sector has driven the industry’s graphite requirements as various widely-used lithium-ion batteries – from LFP to NCM cathodes – use graphite anodes. Both natural and synthetic graphite play a key role in the electric vehicle (EV) and energy storage system (ESS) markets. Each battery anodes contains 50-100kg, with both synthetic and natural graphite. Synthetic graphite dominates this market, but in recent years non-Chinese product developers have been altering chemistries in an bid to lower emissions and meet tighter ESG standards. Desirable properties of graphite include:
- good conductor of heat and electricity.
- high regular stiffness and strength.
- maintains firmness and strength up to temperature more than 3600 °C
- highly lubricating material with chemical inertness and corrosion resistance.
China is the world's number one producer and consumer of graphite, accounting for 60% of global natural flake supply, 99% of uncoated spherical graphite and over 90% of natural anode, but the United States is making major funding available for graphite production in the US.
The Global Graphite Market 2024-2035 is an extensive and in-depth market research report that provides crucial insights into the graphite industry. This comprehensive study offers a detailed analysis of the global graphite market, covering various types of graphite, their applications, market trends, and future projections across multiple industries.
Report contents include:
- Market Overview:
- introduction to graphite, its types (natural and synthetic), and their unique properties.
- different classifications of natural graphite (flake, amorphous, and crystalline vein) and synthetic graphite (primary and secondary)
- processing methods and applications.
- Market Size and Growth Projections:
- detailed analysis of global graphite production and demand from 2016 to 2035, segmented by graphite type (natural and synthetic) and end-use markets
- insights into current market dynamics and future growth prospects.
- Technology and Innovation:
- technologies in graphite production, processing, and application, including advancements in spherical graphite and expandable graphite
- graphene, its production methods, and potential market impact.
- Analysis of different cathode chemistries.
- Market Drivers and Challenges: factors promoting graphite market growth, such as the rise of electric vehicles and renewable energy, as well as challenges hindering market expansion, including supply chain issues and environmental concerns.
- Regional Analysis: Comprehensive breakdown of graphite demand by region, with a focus on key markets such as China, Asia-Pacific, North America, Europe, and Brazil. The report provides insights into regional market dynamics, production capacities, and consumption patterns.
- End-use Market Analysis: Detailed examination of major graphite applications, including:
- Lithium-ion batteries
- Refractory manufacturing
- Steel production
- Electronics
- Fuel cells
- Nuclear industry
- Lubricants
- Friction materials
- Flame retardants
- Solar and wind energy
- Demand forecasts from the EV and ESS markets and from different car types and battery chemistries
- Supply Chain Analysis: Overview of the graphite market supply chain, from mining and processing to end-use applications, highlighting key players at each stage.
- Pricing Analysis: Historical and current pricing trends for various graphite types and grades. Price forecasts for graphite.
- Competitive Landscape: Profiles of over 100 key players in the graphite industry, including both natural and synthetic graphite producers, covering their production capacities, market focus, and recent developments. Companies profiled include Black Rock Mining, Evolution Energy, GrafTech International, Gratomic, Graphite India, Leading Edge Materials, NextSource Materials, Nippon Carbon, Reflex Advanced Materials Corp., Renascor Resources, SEC Carbon, SGL Group, Showa Denko, Syrah Resources, Talga Group, Tirupati Carbon & Graphite, Tokai Carbon, and Volt Resources (full list of companies profiled in table of contents).
- Emerging Trends: Analysis of emerging trends in the graphite market, such as the increasing demand for high-purity graphite in advanced technologies and the growing interest in graphene-based applications.
1 RESEARCH METHODOLOGY 12
2 INTRODUCTION 13
- 2.1 Types of graphite 15
- 2.1.1 Natural vs synthetic graphite 16
- 2.2 Natural graphite 18
- 2.2.1 Classification 19
- 2.2.2 Processing 20
- 2.2.3 Flake 20
- 2.2.3.1 Grades 21
- 2.2.3.2 Applications 21
- 2.2.3.3 Spherical graphite 24
- 2.2.3.4 Expandable graphite 24
- 2.2.4 Amorphous graphite 25
- 2.2.4.1 Applications 25
- 2.2.5 Crystalline vein graphite 26
- 2.2.5.1 Applications 27
- 2.3 Synthetic graphite 28
- 2.3.1 Classification 28
- 2.3.1.1 Primary synthetic graphite 29
- 2.3.1.2 Secondary synthetic graphite 29
- 2.3.2 Processing 30
- 2.3.2.1 Processing for battery anodes 30
- 2.3.3 Issues with synthetic graphite production 31
- 2.3.4 Isostatic Graphite 31
- 2.3.4.1 Description 31
- 2.3.4.2 Markets 32
- 2.3.4.3 Producers and production capacities 33
- 2.3.5 Graphite electrodes 33
- 2.3.6 Extruded Graphite 34
- 2.3.7 Vibration Molded Graphite 35
- 2.3.8 Die-molded graphite 36
- 2.3.1 Classification 28
- 2.4 New technologies 36
- 2.5 Recycling of graphite materials 37
- 2.6 Applications of graphite 37
- 2.7 Graphite pricing (ton) 39
- 2.7.1 Pricing in 2024 40
- 2.8 Graphene 43
- 2.8.1 CVD Graphene 48
- 2.8.2 Graphene nanoplatelets 50
- 2.8.3 Graphene oxide and reduced Graphene Oxide 51
- 2.8.4 Markets and applications 52
- 2.8.5 Prices 61
- 2.8.6 Graphene production capacities 62
- 2.8.7 Graphene producers 64
3 MARKETS FOR GRAPHITE 75
- 3.1 Global production of graphite 75
- 3.1.1 The graphite market in 2024 and beyond 75
- 3.1.2 China dominance 77
- 3.1.3 United States subsidies/loans and tariffs on Chinese imports 77
- 3.1.4 Global mine production and reserves of natural graphite 77
- 3.1.5 Global graphite production in tonnes, 2016-2023 78
- 3.1.6 Estimated global graphite production in tonnes, 2024-2035 79
- 3.1.7 Synthetic graphite supply 81
- 3.2 Global market demand for graphite by end use market 2016-2035, tonnes 82
- 3.2.1 Natural graphite 82
- 3.2.2 Synthetic graphite 83
- 3.3 Demand for graphite by end use markets, 2023 84
- 3.4 Demand for graphite by end use markets, 2035 85
- 3.5 Graphite market developments 2020-2024 86
- 3.6 Demand by region 90
- 3.6.1 China 91
- 3.6.1.1 Diversification of global supply and production 92
- 3.6.2 Asia-Pacific 92
- 3.6.2.1 Synthetic graphite 92
- 3.6.2.2 Natural graphite 94
- 3.6.3 North America 95
- 3.6.3.1 Synthetic graphite 95
- 3.6.3.2 Natural graphite 97
- 3.6.4 Europe 98
- 3.6.4.1 Synthetic graphite 99
- 3.6.4.2 Natural graphite 100
- 3.6.5 Brazil 102
- 3.6.1 China 91
- 3.7 Factors that aid graphite market growth 102
- 3.8 Factors that hinder graphite market growth 103
- 3.9 Main market players 104
- 3.9.1 Natural graphite 104
- 3.9.2 Synthetic graphite 105
- 3.10 Market supply chain 106
- 3.11 Lithium-ion batteries 109
- 3.11.1 Gigafactories 111
- 3.11.2 Anode material in electric vehicles 114
- 3.11.2.1 Properties 115
- 3.11.2.2 Market demand 116
- 3.11.3 Recent trends in the automotive market and EVs 117
- 3.11.4 Higher costs and tight supply 117
- 3.11.5 Forecast for EVs 117
- 3.11.6 Graphite alternatives for batteries 118
- 3.12 Refractory manufacturing (Steel market) 119
- 3.12.1 Steel market trends and graphite growth 119
- 3.12.2 Carbon Sources for refractories 120
- 3.12.3 Electric arc furnaces in steelmaking 121
- 3.13 Recarburising 123
- 3.14 Graphite shapes 124
- 3.15 Electronics 124
- 3.15.1 Thermal management 124
- 3.16 Electrode materials for fuel cells 125
- 3.17 Nuclear 125
- 3.18 Lubricants 125
- 3.19 Friction materials 126
- 3.20 Flame retardants 127
- 3.21 Solar and wind turbines 128
4 COMPANY PROFILES 129
- 4.1 Aben Resources 129
- 4.2 Alba Mineral Resources plc 130
- 4.3 Anovion Technologies 131
- 4.4 Anson Resources 132
- 4.5 Armadale Capital 133
- 4.6 Ashbury Carbons 134
- 4.7 Black Rock Mining Ltd. 135
- 4.8 Blencowe Resources 136
- 4.9 BTR New Material Group Co., Ltd. 137
- 4.10 Buxton Resources Limited 138
- 4.11 Canada Carbon Inc. 139
- 4.12 Carbonscape 140
- 4.13 Ceylon Graphite Corp. 141
- 4.14 China Minmetals Group (Heilongjiang) Graphite Industry Co 143
- 4.15 China Steel Chemical Corporation 144
- 4.16 Cocan (Hubei) Graphite Mill Inc 145
- 4.17 Doncarb Graphite LLC (EM Group) 146
- 4.18 Eagle Graphite 147
- 4.19 EcoGraf Limited 148
- 4.20 Evolution Energy Minerals 149
- 4.21 Extrativa Metalquimica SA Grafite do Brasil, 150
- 4.22 Evion Group Pty. Ltd. 151
- 4.23 Fangda Carbon New Material Co., Ltd. 152
- 4.24 First Graphene 153
- 4.25 Five-star New Material Technology Co., Ltd 155
- 4.26 Focus Graphite 156
- 4.27 FunktioMat Oy 157
- 4.28 Grafintec Oy 158
- 4.29 GrafTech International 159
- 4.30 Graphex Technologies LLC 160
- 4.31 Graphit Kropfmühl GmbH 161
- 4.32 Graphite COVA GmbH 162
- 4.33 Graphite India Limited (GIL) 163
- 4.34 Graphite One, Inc. 164
- 4.35 Graphjet Technology 165
- 4.36 Gratomic, Inc. 166
- 4.37 Green Battery Minerals 168
- 4.38 Green Graphite Technologies 169
- 4.39 Greenwing Resources 170
- 4.40 HEG Limited 171
- 4.41 Heilongjiang Guangshengda New Material Technology Co., Ltd. 172
- 4.42 Heilongjiang Aoyu Energy 173
- 4.43 Hexagon Energy Materials Ltd. 174
- 4.44 Hubei Hengda Graphite Shareholding 175
- 4.45 Ibiden 176
- 4.46 Infinity Stone Ventures Corporation 177
- 4.47 International Graphite Ltd 178
- 4.48 ITech Minerals Ltd. 179
- 4.49 JFE Chemical Corp. 180
- 4.50 Jixi Northeast Asia Mineral Resources Co., Ltd 181
- 4.51 Jixi Puchen Graphite Co., Ltd 182
- 4.52 Kaifeng Carbon 183
- 4.53 Leading Edge Materials 184
- 4.54 Lomiko Metals 185
- 4.55 Magnis Energy Technologies Ltd 186
- 4.56 Mason Graphite, Inc. 187
- 4.57 Mersen SA 189
- 4.58 Metals Australia Ltd. 190
- 4.59 Mineral Commodities Ltd. 191
- 4.60 Nacional de Grafite 192
- 4.61 Nantong Yangzi Carbon 193
- 4.62 NeoGraf Solutions, LLC 194
- 4.63 NextSource Materials Inc. 196
- 4.64 Nippon Carbon Co., Ltd. 198
- 4.65 Northern Graphite Corporation 199
- 4.66 Nouveau Monde Graphite, Inc. 200
- 4.67 Novonix Limited 201
- 4.68 Perpetuus Carbon Group 203
- 4.69 POSCO Future M 204
- 4.70 Power Metal Resources 205
- 4.71 Qingdao Black Dragon Graphite Group 206
- 4.72 Qingdao Freyr Graphite Co., Ltd. 207
- 4.73 Qingdao GR-TAIDA Carbon Co., Ltd 208
- 4.74 Qingdao Haida Graphite 209
- 4.75 Quantum Graphite 210
- 4.76 Qingdao Taihelong New Energy Co., Ltd 211
- 4.77 Reflex Advanced Materials Corp. 212
- 4.78 Renascor Resources Ltd. 213
- 4.79 Sarytogan Graphite Ltd. 214
- 4.80 SEC Carbon 215
- 4.81 SGL Carbon SE 216
- 4.82 Shanshan Science & Technology Co., Ltd. 217
- 4.83 Showa Denko K.K. 218
- 4.84 South Star Battery Metals 219
- 4.85 Sovereign Metals Limited 220
- 4.86 SRG Mining 221
- 4.87 Sunrise New Energy Co., Ltd. 222
- 4.88 Superior Graphite 223
- 4.89 Syrah Resources Limited 224
- 4.90 Talga Resources 225
- 4.91 Tirupati Graphite plc 227
- 4.92 Tokai Carbon 228
- 4.93 Toyo Tanso Co., Ltd. 229
- 4.94 UP Catalyst 230
- 4.95 Vianode 231
- 4.96 Volt Resources Ltd. 232
- 4.97 Walkabout Resources Ltd 233
- 4.98 Westwater Resources, Inc. 234
- 4.99 Xincheng Graphite Co. Ltd. 235
- 4.100 Zentek Ltd 236
- 4.101 Zhanjiang Juxin New Energy Co., Ltd 237
5 REFERENCES 238
List of Tables
- Table 1. Selected physical properties of graphite. 13
- Table 2. Characteristics of natural and synthetic graphite. 15
- Table 3. Comparison between Natural and Synthetic Graphite. 16
- Table 4. Classification of natural graphite with its characteristics. 19
- Table 5. Applications of flake graphite. 21
- Table 6. Amorphous graphite applications. 26
- Table 7. Crystalline vein graphite applications. 27
- Table 8. Characteristics of synthetic graphite. 28
- Table 9: Main markets and applications of isostatic graphite. 32
- Table 10. Current or planned production capacities for isostatic graphite. 33
- Table 11. Main graphite electrode producers and capacities (MT/year). 33
- Table 12. Markets and applications of graphite. 37
- Table 13. Classification, application and price of graphite as a function of size. 39
- Table 14. Pricing by graphite type, 2020-2024. 40
- Table 15. Properties of graphene, properties of competing materials, applications thereof. 44
- Table 16. Types of graphene and typical prices. 47
- Table 17. Applications of GO and rGO. 52
- Table 18. Markets, benefits and applications of graphene. 52
- Table 19. Graphene types and cost per kg. 61
- Table 20. Main graphene producers by country, annual production capacities, types and main markets they sell into. 62
- Table 21. Graphene producers. 64
- Table 22. Estimated global mine Production of natural graphite 2020-2023, by country (tons). 78
- Table 23. Global production of graphite 2016-2023, MT. 78
- Table 24. Estimated global graphite production in tonnes, 2024-2035, by type. 80
- Table 25. Graphite market developments 2020-2024. 87
- Table 26. Demand for synthetic graphite in Asia-Pacific 2016-2035, tonnes. 93
- Table 27. Demand for natural graphite in Asia-Pacific 2016-2035, tonnes. 94
- Table 28. Demand for synthetic graphite in North America 2016-2035, tonnes. 95
- Table 29. Demand for natural graphite in the USA 2016-2035, tonnes. 97
- Table 30. Demand for synthetic graphite in Europe 2018-2035, tonnes. 99
- Table 31. Demand for natural graphite in Europe 2016-2035, tonnes. 100
- Table 32. Main natural graphite producers. 104
- Table 33. Main synthetic graphite producers. 105
- Table 34. Key minerals in an EV battery. 109
- Table 35. Current and planned gigafactories. 111
- Table 36. Overview of thermal management materials. 124
- Table 37. Next Resources graphite flake products. 196
List of Tables
- Figure 1. Structure of graphite. 14
- Figure 2. Comparison of SEM micrographs of sphere-shaped natural graphite (NG; after several processing steps) and synthetic graphite (SG). 16
- Figure 3. Overview of graphite production, processing and applications. 18
- Figure 4. Flake graphite. 21
- Figure 5. Flake graphite production 23
- Figure 6. Amorphous graphite. 25
- Figure 7. Vein graphite. 28
- Figure 8: Isostatic pressed graphite. 32
- Figure 9. Global market for graphite EAFs, 2018-2035 (MT). 34
- Figure 10. Extruded graphite rod. 35
- Figure 11. Vibration Molded Graphite. 35
- Figure 12. Die-molded graphite products. 36
- Figure 13. Price of fine flake graphite 2022-2024. 41
- Figure 14. Price of spherical graphite, 2022-2024. 42
- Figure 15. Graphene layer structure schematic. 43
- Figure 16. Illustrative procedure of the Scotch-tape based micromechanical cleavage of HOPG. 43
- Figure 17. Graphite and graphene. 44
- Figure 18. Types of CVD methods. 49
- Figure 19. Schematic of the manufacture of GnPs starting from natural graphite. 51
- Figure 20. Global production of graphite 2016-2023 MT. 79
- Figure 21. Estimated global graphite production in tonnes, 2024-2035, by type. 81
- Figure 22. Global market demand for natural graphite by end use market 2016-2035, tonnes. 83
- Figure 23. Global market demand for synthetic graphite by end use market 2016-2035, tonnes. 84
- Figure 24. Consumption of graphite by end use markets, 2023. 85
- Figure 25. Demand for graphite by end use markets, 2035. 86
- Figure 26. Global consumption of graphite by type and region, 203. 91
- Figure 27. Consumption of synthetic graphite in Asia-Pacific 2016-2035, tonnes. 94
- Figure 28. Consumption of natural graphite in Asia-Pacific 2016-2035, tonnes. 95
- Figure 29. Demand for synthetic graphite in North America 2016-2035, tonnes. 96
- Figure 30. Demand for natural graphite in the USA 2018-2035, tonnes. 98
- Figure 31. Consumption of synthetic graphite in Europe 2015-2035, tonnes. 100
- Figure 32. Consumption of natural graphite in Europe 2015-2035, tonnes. 101
- Figure 33. Graphite market supply chain (battery market). 109
- Figure 34. Graphite battery market demand, by type 2016-2035, tonnes. 111
- Figure 35. 2 Graphite: Content and share of total cell weight, for common types of lithium-ion cells for battery-powered electric vehicles. 115
- Figure 36. Graphite as active anode material in lithium-ion cell. 116
- Figure 37. Global electric car sales and share of global car sales, 2010-2023. 118
- Figure 38. Graphite market demand for refractories, by type 2016-2035, tonnes. 121
- Figure 39. Schematic illustration of an EAF. 122
- Figure 40. Graphite electrodes demand 2018-2035 in EAFs (million MT). 123
- Figure 41. Graphite market demand for recarburising, by type 2016-2035, tonnes. 123
- Figure 42. Graphite market demand for recarburising, by type 2016-2035, tonnes. 126
- Figure 43. Graphite market demand for friction products by type 2016-2035, tonnes. 127
Payment methods: Visa, Mastercard, American Express, Paypal, Bank Transfer.
To purchase by invoice (bank transfer) contact info@futuremarketsinc.com or select Bank Transfer (Invoice) as a payment method at checkout.