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The Global Market for Graphite 2023-2033

  • Report

  • 198 Pages
  • May 2023
  • Region: Global
  • Future Markets, Inc
  • ID: 5663766

Graphite is a critical raw material for the green transition and demand is increasing in markets including electric vehicles and green energy storage. Based on current production, demand from these markets will result in a significant supply shortfall by 2033 unless mining and production is greatly expanded.  Future energy needs will require supply of raw materials for the development of low-carbon technologies. Graphite is viewed as a critical material for decarbonizing transportation and heavy industry, resulting in high market growth in the coming years. 

Graphite is used across multiple industries such as automotive, steel-making, powder metallurgy, fuel cells, and flame retardants. Graphite is the dominant active anode material used in lithium-ion batteries for electric vehicles (EV). Huge growth in demand for batteries in electric vehicles and energy storage systems has underpinned recent changes in the graphite market landscape.  

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. 

Graphite is classified as natural and synthetic. Natural graphite is further classified into three principal types, crystalline small flake graphite (or flake graphite), crystalline vein or lump graphite, and amorphous graphite (very fine flake graphite), which have different physical properties, appearance, chemical composition, and impurities. Natural graphite can is mined in multiple countries. Synthetic graphite is produced from oil or coal-based needle coke and is preferred in the production electric arc furnaces (EAFs) for steelmaking. Battery producers can use both synthetic and natural graphite as their raw material.

Report contents include:

  • In-depth analysis of the global market for graphite. 
  • Analysis of types of graphite, markets, applications and producers. 
  • Recent market activity, drivers and trends.
  • Graphite pricing, historical, current and forecasts. 
  • Market tonnage data-historical (2010-2022), estimates for 2023, and projections to 2033. 
  • Regional market analysis. 
  • Market share analysis based on type of graphite, end-use industry, and geographic region.
  • Graphite market in China.
  • Profiles of 94 companies. 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.


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Table of Contents

2.1 Types of graphite
2.1.1 Natural vs synthetic graphite
2.2 Natural graphite
2.2.1 Classification
2.2.2 Processing
2.2.3 Flake Grades Applications Spherical graphite Expandable graphite
2.2.4 Amorphous graphite Applications
2.2.5 Crystalline vein graphite Applications
2.3 Synthetic graphite
2.3.1 Classification Primary synthetic graphite Secondary synthetic graphite
2.3.2 Processing Processing for battery anoades
2.3.3 Issues with synthetic graphite production
2.3.4 Isostatic Graphite Description Markets Producers and production capacities
2.3.5 Graphite electrodes
2.3.6 Extruded Graphite
2.3.7 Vibration Molded Graphite
2.3.8 Die-molded graphite
2.4 New technologies
2.5 Recycling of graphite materials
2.6 Applications of graphite
2.7 Graphite pricing (ton)
2.7.1 Pricing in 2023
2.8 Graphene
2.8.1 CVD Graphene
2.8.2 Graphene nanoplatelets
2.8.3 Graphene oxide and reduced Graphene Oxide
2.8.4 Markets and applications
2.8.5 Prices
2.8.6 Graphene production capacities
2.8.7 Graphite producers

3.1 Global production of graphite
3.1.1 Global mine production and reserves of natural graphite
3.1.2 Global graphite production in tonnes, 2016-2022
3.1.3 Estimated global graphite production in tonnes, 2023-2033
3.1.4 Synthetic graphite supply
3.2 Global market demand for graphite by end use market 2016-2033, tonnes
3.2.1 Natural graphite
3.2.2 Synthetic graphite
3.3 Demand for graphite by end use markets, 2022
3.4 Demand for graphite by end use markets, 2033
3.5 Graphite market developments 2020-2023
3.6 Demand by region
3.6.1 China Diversification of global supply and production
3.6.2 Asia-Pacific Synthetic graphite Natural graphite
3.6.3 North America Synthetic graphite Natural graphite
3.6.4 Europe Synthetic graphite Natural graphite
3.6.5 Brazil
3.7 Factors that aid graphite market growth
3.8 Factors that hinder graphite market growth
3.9 Graphite market in 2022
3.10 The graphite market in 2023 and beyond
3.11 Main market players
3.11.1 Natural graphite
3.11.2 Synthetic graphite
3.12 Market supply chain
3.13 Lithium-ion batteries
3.13.1 Gigafactories
3.13.2 Anode material in electric vehicles Properties Market demand
3.13.3 Recent trends in the automotive market and EVs
3.13.4 Higher costs and tight supply
3.13.5 Forecast for EVs
3.13.6 Graphite alternatives for batteries
3.14 Refractory manufacturing (Steel market)
3.14.1 Steel market trends and graphite growth
3.14.2 Carbon Sources for refractories
3.14.3 Electric arc furnaces in steelmaking
3.15 Recarburising
3.16 Graphite shapes
3.17 Electronics
3.17.1 Thermal management
3.18 Electrode materials for fuel cells
3.19 Nuclear
3.20 Lubricants
3.21 Friction materials
3.22 Flame retardants
3.23 Solar and wind turbines

4 COMPANY PROFILES (94 company profiles)5 REFERENCES
List of Tables
Table 1. Selected physical properties of graphite.
Table 2. Characteristics of natural and synthetic graphite.
Table 3. Comparison between Natural and Synthetic Graphite.
Table 4. Classification of natural graphite with its characteristics.
Table 5. Characteristics of synthetic graphite.
Table 6: Main markets and applications of isostatic graphite.
Table 7. Current or planned production capacities for isostatic graphite.
Table 8. Main graphite electrode producers and capacities (MT/year).
Table 9. Markets and applications of graphite.
Table 10. Classification, application and price of graphite as a function of size.
Table 11. Properties of graphene, properties of competing materials, applications thereof.
Table 12. Types of graphene and typical prices.
Table 13. Applications of GO and rGO.
Table 14. Markets, benefits and applications of graphene.
Table 15. Graphene types and cost per kg.
Table 16. Main graphene producers by country, annual production capacities, types and main markets they sell into.
Table 17. Graphite producers.
Table 18. Estimated global mine Production of natural graphite 2020-2022, by country (tons).
Table 19. Global production of graphite 2016-2022 MT.
Table 20. Estimated global graphite production in tonnes, 2023-2033.
Table 21. Graphite market developments 2020-2023.
Table 22. Demand for synthetic graphite in Asia-Pacific 2016-2033, tonnes.
Table 23. Demand for natural graphite in Asia-Pacific 2016-2033, tonnes.
Table 24. Demand for synthetic graphite in North America 2016-2033, tonnes.
Table 25. Demand for natural graphite in the USA 2016-2033, tonnes.
Table 26. Demand for synthetic graphite in Europe 2018-2033, tonnes.
Table 27. Demand for natural graphite in Europe 2016-2033, tonnes.
Table 28. Main natural graphite producers.
Table 29. Main synthetic graphite producers.
Table 30. Key minerals in an EV battery.
Table 31. Current and planned gigafactories.
Table 32. Overview of thermal management materials.
Table 33. Next Resources graphite flake products.

List of Figures
Figure 1. Structure of graphite.
Figure 2. Comparison of SEM micrographs of sphere-shaped natural graphite (NG; after several processing steps) and synthetic graphite (SG).
Figure 3. Overview of graphite production, processing and applications.
Figure 4. Flake graphite.
Figure 5. Applications of flake graphite.
Figure 6. Amorphous graphite.
Figure 7. Vein graphite.
Figure 8: Isostatic pressed graphite.
Figure 9. Global market for graphite EAFs, 2018-2033 (MT).
Figure 10. Extruded graphite rod.
Figure 11. Vibration Molded Graphite.
Figure 12. Die-molded graphite products.
Figure 13. Price of fine flake graphite 2022-2023.
Figure 14. Price of spherical graphite, 2022-2023.
Figure 15. Graphene layer structure schematic.
Figure 16. Illustrative procedure of the Scotch-tape based micromechanical cleavage of HOPG.
Figure 17. Graphite and graphene.
Figure 18. Types of CVD methods.
Figure 19. Schematic of the manufacture of GnPs starting from natural graphite.
Figure 20. Global production of graphite 2016-2022 MT.
Figure 21. Estimated global graphite production in tonnes, 2023-2033.
Figure 22. Global market demand for natural graphite by end use market 2016-2033, tonnes.
Figure 23. Global market demand for synthetic graphite by end use market 2016-2033, tonnes.
Figure 24. Consumption of graphite by end use markets, 2022.
Figure 25. Demand for graphite by end use markets, 2033.
Figure 26. Global consumption of graphite by type and region, 2022
Figure 27. Consumption of synthetic graphite in Asia-Pacific 2016-2033, tonnes.
Figure 28. Consumption of natural graphite in Asia-Pacific 2016-2033, tonnes.
Figure 29. Demand for synthetic graphite in North America 2016-2033, tonnes.
Figure 30. Demand for natural graphite in the USA 2018-2033, tonnes.
Figure 31. Consumption of synthetic graphite in Europe 2015-2021, tonnes.
Figure 32. Consumption of natural graphite in Europe 2015-2021, tonnes.
Figure 33. Graphite market supply chain (battery market).
Figure 34. Graphite battery market demand, by type 2016-2033, tonnes.
Figure 35. 2 Graphite: Content and share of total cell weight, for common types of lithium-ion cells for battery-powered electric vehicles.
Figure 36. Graphite as active anode material in lithium-ion cell.
Figure 37. Global electric car sales and share of global car sales, 2010-2023.
Figure 38. Graphite market demand for refractories, by type 2016-2033, tonnes.
Figure 39. Schematic illustration of an EAF.
Figure 40. Graphite electrodes demand 2018-2033 in EAFs (million MT).
Figure 41. Graphite market demand for recarburising, by type 2016-2033, tonnes.
Figure 42. Graphite market demand for recarburising, by type 2016-2033, tonnes.
Figure 43. Graphite market demand for friction products by type 2016-2033, tonnes.

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • Aben Resources
  • Alba Mineral Resources plc
  • Anovion Technologies
  • Anson Resources
  • Ashbury Carbons
  • Black Rock Mining Ltd.
  • BTR New Material Group Co., Ltd.
  • Buxton Resources Limited
  • Canada Carbon Inc.
  • Ceylon Graphite Corp.
  • China Minmetals Group (Heilongjiang) Graphite Industry Co
  • China Steel Chemical Corporation
  • Cocan (Hubei) Graphite Mill Inc
  • Doncarb Graphite LLC (EM Group)
  • Eagle Graphite
  • EcoGraf Limited
  • Evolution Energy Minerals
  • Extrativa Metalquimica SA Grafite do Brasil,
  • Evion Group Pty. Ltd
  • Fangda Carbon New Material Co., Ltd.
  • First Graphene
  • Five-star New Material Technology Co., Ltd
  • Focus Graphite
  • FunktioMat Oy
  • Grafintec Oy
  • GrafTech International
  • Graphex Technologies LLC
  • Graphit Kropfmühl GmbH
  • Graphite India Limited (GIL)
  • Graphite One, Inc.
  • Graphjet Technology
  • Gratomic, Inc.
  • Green Battery Minerals
  • Greenwing Resources
  • HEG Limited
  • Heilongjiang Guangshengda New Material Technology Co., Ltd.
  • Heilongjiang Aoyu Energy
  • Hexagon Energy Materials Ltd.
  • Hubei Hengda Graphite Shareholding
  • Ibiden
  • International Graphite Ltd
  • ITech Minerals Ltd.
  • JFE Chemical Corp.
  • Jixi Northeast Asia Mineral Resources Co., Ltd
  • Jixi Puchen Graphite Co., Ltd
  • Kaifeng Carbon
  • Leading Edge Materials
  • Lomiko Metals
  • Magnis Energy Technologies Ltd
  • Mason Graphite, Inc.
  • Mersen SA
  • Metals Australia Ltd.
  • Mineral Commodities Ltd.
  • Nacional de Grafite
  • Nantong Yangzi Carbon
  • NextSource Materials Inc.
  • Nippon Carbon Co., Ltd.
  • Northern Graphite Corporation
  • Nouveau Monde Graphite, Inc.
  • Novonix Limited
  • POSCO Future M
  • Qingdao Black Dragon Graphite Group
  • Qingdao Freyr Graphite Co., Ltd.
  • Qingdao GR-TAIDA Carbon Co., Ltd
  • Qingdao Haida Graphite
  • Quantum Graphite
  • Qingdao Taihelong New Energy Co., Ltd
  • Reflex Advanced Materials Corp.
  • Renascor Resources Ltd.
  • Sarytogan Graphite Ltd.
  • SEC Carbon
  • SGL Carbon SE
  • Shanshan Science & Technology Co., Ltd.
  • Showa Denko K.K.
  • South Star Battery Metals
  • Sovereign Metals Limited
  • SRG Mining
  • Superior Graphite
  • Syrah Resources Limited
  • Talga Resources
  • Tirupati Graphite plc
  • Tokai Carbon
  • Toyo Tanso Co., Ltd.
  • Volt Resources Ltd.
  • Walkabout Resources Ltd
  • Westwater Resources, Inc.
  • Xincheng Graphite Co. Ltd.
  • Zentek Ltd
  • Zhanjiang Juxin New Energy Co., Ltd