Semiconductor Graphite Market Report 2026

The semiconductor graphite market size has grown strongly in recent years. It will grow from $1.8 billion in 2025 to $1.94 billion in 2026 at a compound annual growth rate (CAGR) of 7.6%. The growth in the historic period can be attributed to growth in semiconductor manufacturing, early adoption in consumer electronics thermal management, use in synthetic graphite electrodes, demand from aerospace and defense electronics, expansion in automotive electronics and batteries.

The semiconductor graphite market size is expected to see strong growth in the next few years. It will grow to $2.57 billion in 2030 at a compound annual growth rate (CAGR) of 7.3%. The growth in the forecast period can be attributed to rising adoption in energy storage batteries, increasing use in thermal management for advanced electronics, growth in automotive semiconductor applications, expansion in aerospace and defense devices, technological advancement in conductive coatings and nanofibers. Major trends in the forecast period include high purity graphite for semiconductor applications, excellent thermal conductivity, good electrical conductivity, use in semiconductor device manufacturing, application in battery electrodes and thermal management.

The rising adoption of electric vehicles (EVs) is anticipated to drive the expansion of the semiconductor graphite market in the coming years. EVs are vehicles that run wholly or partly on electricity instead of conventional internal combustion engines powered by fossil fuels like petrol or diesel. This growing shift toward electric vehicles is largely influenced by heightened environmental awareness, as both consumers and governments aim to reduce greenhouse gas emissions and air pollution by transitioning away from fossil fuel-powered transportation. Semiconductor graphite plays a critical role in EVs by offering high-purity, thermally conductive, and structurally stable materials necessary for optimal battery function and effective thermal management. For example, according to the International Energy Agency, an intergovernmental organization based in France, nearly 14 million new electric cars were registered globally in 2023, raising the total number of electric cars on the road to 40 million. This figure represents an increase of 3.5 million units compared to 2022, equating to a notable 35% year-over-year growth. As a result, the expanding use of electric vehicles is contributing significantly to the growth of the semiconductor graphite market.

Key players in the semiconductor graphite market are prioritizing the development of high-purity synthetic graphite to support advanced electronics and electric vehicle technologies. This form of synthetic graphite, characterized by over 99.9% carbon content and very low impurities, improves thermal and electrical performance as well as structural stability in semiconductors and EV batteries, promoting efficient and dependable operation. For instance, in July 2023, Mersen, an advanced materials company based in France, inaugurated its extensively upgraded manufacturing facility in Columbia, Tennessee. This facility is focused on producing synthetic graphite and insulation felt, which are essential for electric vehicles, semiconductors, and solar energy systems. The project involved a $70 million renovation, with an additional $25 to $30 million investment planned within the same year, aiming to significantly enhance Mersen’s production capabilities to accommodate the rising demand from global clean energy initiatives. The plant's current annual output includes 2,000 tons of isostatic graphite and 4,000 tons of extruded graphite, with plans to double isostatic graphite output to 4,000 tons by the end of 2024.

In July 2024, Mersen, a materials company headquartered in France, acquired Graphite Machining, Inc. for an undisclosed sum. This acquisition is intended to bolster Mersen’s machining capabilities for isostatic and extruded graphite, as well as insulation materials, in the United States, thereby reinforcing its presence in core sectors such as aerospace, process industries, and energy. Graphite Machining, Inc. is a U.S.-based manufacturer specializing in semiconductor graphite.

Major companies operating in the semiconductor graphite market report are Resonac Holdings Corporation, Entegris Inc., Tokai Carbon Co. Ltd., Schunk Group, Mersen Group, SGL Carbon SE, Graphite India Limited, Toyo Tanso Co.Ltd., HEG Limited, Nippon Carbon Co. Ltd., Jiangxi Ningxin New Materials, Superior Graphite, Asbury Carbons Inc., Westwater Resources, Poco Graphite Inc., Sinosteel Corporation, SEC Carbon Ltd., Fangda Carbon New Material Co. Ltd., Pingdingshan Oriental Carbon, Pingdingshan Boxiang Carbon.

Asia-Pacific was the largest region in the semiconductor graphite market in 2025. The regions covered in the semiconductor graphite market are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the semiconductor graphite market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The semiconductor graphite market consists of sales of clear graphite heaters, graphite crucibles, graphite susceptors and trays, graphite electrodes and graphite electrodes. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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