
Asia Pacific Graphite Market Outlook (2021-2031)
Description
The Asia Pacific Graphite Market is projected to grow significantly, with expectations of reaching approximately USD 30.83 billion by 2031, up from USD 13.70 billion in 2024. This growth equates to a Compound Annual Growth Rate (CAGR) of 12.5% from 2024 to 2031.
Asia Pacific Graphite Market Analysis:
The graphite market in the Asia Pacific region is thriving due to advanced manufacturing capabilities, rapid technological progress, and extensive infrastructure development investments. China plays a dominant role in this market as both the leading producer and consumer of graphite, contributing substantially to the market share. The increasing focus on electric vehicles (EVs), energy storage, and consumer electronics is driving demand for graphite, particularly in applications such as lithium-ion batteries, lubricants, refractories, and friction products. Consequently, the Asia Pacific region continues to experience swift industrial growth, especially in the automotive and energy sectors.
Segmentation Analysis
The Asia Pacific graphite market analysis is categorized based on type and application.
By Type: The market is divided into natural and synthetic graphite, with synthetic graphite holding the largest market share in 2024.
By Form: Segmentation includes powder, flake, granules, electrode, and others. The flake segment also led the market in 2024.
By Application: The market is segmented into batteries, lubricants, refractories, friction products, electrodes, and others, with the electrodes segment holding the largest share in 2024.
Market Outlook:
Companies in the graphite market across the Asia Pacific region are increasingly focused on developing advanced and sustainable technologies to maintain a competitive edge while ensuring a reliable supply of this critical material. They are adopting various strategies, including innovation in product offerings, expanding production capacities, and forming strategic partnerships. For example, in June 2022, Mitsubishi Chemical Holdings Group (MCHG) raised its production capacity of natural graphite anode materials at its subsidiaries, Qingdao Lingda Kasei and Qingdao Anode Kasei, in China. The capacity increase from 2,000 tons to 12,000 tons per year is set to begin operations in the first half of the 2024 fiscal year, reflecting the growing demand for high-quality graphite in the region.
The graphite market is characterized by both production and imports. In 2022, Australia imported graphite worth approximately USD 919,000, primarily from China (about USD 305,000), followed by Germany (USD 243,000), Sri Lanka (USD 166,000), the US (USD 137,000), and New Zealand (USD 25,900). This diverse import origin signifies Australia's reliance on multiple suppliers to meet its graphite needs. Domestic graphite manufacturing is expected to grow further, emphasizing sustainable mining practices and expanding production initiatives to satisfy the rising demand for battery-grade materials. The region's stable regulatory environment and advanced infrastructure bolster its role as a key player in the global graphite market.
Country Insights:
The Asia Pacific graphite market is subdivided into countries including Indonesia, Malaysia, the Philippines, Singapore, Thailand, India, China, South Korea, Japan, Australia, Taiwan, Bangladesh, Vietnam, and New Zealand, with China holding the largest market share in 2024. According to the Center for Strategic & International Studies, China is the world's top graphite producer, having recorded an output of 850,000 tonnes in 2022, accounting for two-thirds of the global supply. This dominant position is attributed to vast graphite reserves concentrated mainly in Heilongjiang, Jilin, and Shandong provinces. Strong demand from the steel, automotive, and renewable energy sectors—which rely heavily on graphite-based products such as electrodes, refractories, and lithium-ion batteries—further drives the country's graphite industry. Additionally, the Chinese government's ambitious plans to promote clean energy and reduce carbon emissions are expected to boost graphite demand. As the global graphite market evolves, China is likely to maintain its leadership as the leading producer.
Key Players
GES Europe GmbH, Graphit Kropfmühl GmbH, Pingdingshan Wanhui Graphite Co., Ltd., China Graphite Group Limited, Leading Edge Materials Corp, SGL Carbon SE, Ceylon Graphite Corp, Imerys SA, Graphite Central, and Nanjing GRF Carbon Material Co., Ltd. are key players in the market. These companies implement strategies such as expansion, product innovation, and mergers and acquisitions to remain competitive and to provide innovative products to their customers.
Asia Pacific Graphite Market Analysis:
The graphite market in the Asia Pacific region is thriving due to advanced manufacturing capabilities, rapid technological progress, and extensive infrastructure development investments. China plays a dominant role in this market as both the leading producer and consumer of graphite, contributing substantially to the market share. The increasing focus on electric vehicles (EVs), energy storage, and consumer electronics is driving demand for graphite, particularly in applications such as lithium-ion batteries, lubricants, refractories, and friction products. Consequently, the Asia Pacific region continues to experience swift industrial growth, especially in the automotive and energy sectors.
Segmentation Analysis
The Asia Pacific graphite market analysis is categorized based on type and application.
By Type: The market is divided into natural and synthetic graphite, with synthetic graphite holding the largest market share in 2024.
By Form: Segmentation includes powder, flake, granules, electrode, and others. The flake segment also led the market in 2024.
By Application: The market is segmented into batteries, lubricants, refractories, friction products, electrodes, and others, with the electrodes segment holding the largest share in 2024.
Market Outlook:
Companies in the graphite market across the Asia Pacific region are increasingly focused on developing advanced and sustainable technologies to maintain a competitive edge while ensuring a reliable supply of this critical material. They are adopting various strategies, including innovation in product offerings, expanding production capacities, and forming strategic partnerships. For example, in June 2022, Mitsubishi Chemical Holdings Group (MCHG) raised its production capacity of natural graphite anode materials at its subsidiaries, Qingdao Lingda Kasei and Qingdao Anode Kasei, in China. The capacity increase from 2,000 tons to 12,000 tons per year is set to begin operations in the first half of the 2024 fiscal year, reflecting the growing demand for high-quality graphite in the region.
The graphite market is characterized by both production and imports. In 2022, Australia imported graphite worth approximately USD 919,000, primarily from China (about USD 305,000), followed by Germany (USD 243,000), Sri Lanka (USD 166,000), the US (USD 137,000), and New Zealand (USD 25,900). This diverse import origin signifies Australia's reliance on multiple suppliers to meet its graphite needs. Domestic graphite manufacturing is expected to grow further, emphasizing sustainable mining practices and expanding production initiatives to satisfy the rising demand for battery-grade materials. The region's stable regulatory environment and advanced infrastructure bolster its role as a key player in the global graphite market.
Country Insights:
The Asia Pacific graphite market is subdivided into countries including Indonesia, Malaysia, the Philippines, Singapore, Thailand, India, China, South Korea, Japan, Australia, Taiwan, Bangladesh, Vietnam, and New Zealand, with China holding the largest market share in 2024. According to the Center for Strategic & International Studies, China is the world's top graphite producer, having recorded an output of 850,000 tonnes in 2022, accounting for two-thirds of the global supply. This dominant position is attributed to vast graphite reserves concentrated mainly in Heilongjiang, Jilin, and Shandong provinces. Strong demand from the steel, automotive, and renewable energy sectors—which rely heavily on graphite-based products such as electrodes, refractories, and lithium-ion batteries—further drives the country's graphite industry. Additionally, the Chinese government's ambitious plans to promote clean energy and reduce carbon emissions are expected to boost graphite demand. As the global graphite market evolves, China is likely to maintain its leadership as the leading producer.
Key Players
GES Europe GmbH, Graphit Kropfmühl GmbH, Pingdingshan Wanhui Graphite Co., Ltd., China Graphite Group Limited, Leading Edge Materials Corp, SGL Carbon SE, Ceylon Graphite Corp, Imerys SA, Graphite Central, and Nanjing GRF Carbon Material Co., Ltd. are key players in the market. These companies implement strategies such as expansion, product innovation, and mergers and acquisitions to remain competitive and to provide innovative products to their customers.
Table of Contents
136 Pages
- 1. Introduction
- 1.1 Report Guidance
- 1.2 Market Segmentation
- 2. Executive Summary
- 2.1 Key Insights
- 3. Research Methodology
- 3.1 Secondary Research
- 3.2 Primary Research
- 3.2.1 Data Triangulation and Validation:
- 4. Graphite Market Landscape
- 4.1 Global Overview
- 4.2 Ecosystem Analysis
- 4.2.1 List of Vendors in the Value Chain
- 5. Graphite Market – Key Market Dynamics
- 5.1 Graphite Market – Key Market Dynamics
- 5.2 Market Drivers
- 5.3 Market Restraints
- 5.4 Market Opportunities
- 5.5 Future Trends
- 5.6 Impact of Drivers and Restraints:
- 6. APAC Graphite Market Analysis
- 6.1 APAC Graphite Market Revenue (US$ Million), 2021–2031
- 6.2 APAC Graphite Market Forecast Analysis
- 7. APAC Graphite Market Analysis – by Type
- 7.1 Natural
- 7.1.1 Overview
- 7.1.2 Natural: APAC Graphite Market – Revenue and Forecast, 2021–2031 (US$ Million)
- 7.2 Synthetic
- 7.2.1 Overview
- 7.2.2 Synthetic: APAC Graphite Market – Revenue and Forecast, 2021–2031 (US$ Million)
- 8. APAC Graphite Market Analysis – by Form
- 8.1 Powder
- 8.1.1 Overview
- 8.1.2 Powder: APAC Graphite Market – Revenue and Forecast, 2021–2031 (US$ Million)
- 8.2 Flake
- 8.2.1 Overview
- 8.2.2 Flake: APAC Graphite Market – Revenue and Forecast, 2021–2031 (US$ Million)
- 8.3 Granules
- 8.3.1 Overview
- 8.3.2 Granules: APAC Graphite Market – Revenue and Forecast, 2021–2031 (US$ Million)
- 8.4 Electrode
- 8.4.1 Overview
- 8.4.2 Electrode: APAC Graphite Market – Revenue and Forecast, 2021–2031 (US$ Million)
- 8.5 Others
- 8.5.1 Overview
- 8.5.2 Others: APAC Graphite Market – Revenue and Forecast, 2021–2031 (US$ Million)
- 9. APAC Graphite Market Analysis – by Application
- 9.1 Batteries
- 9.1.1 Overview
- 9.1.2 Batteries: APAC Graphite Market – Revenue and Forecast, 2021–2031 (US$ Million)
- 9.2 Lubricants
- 9.2.1 Overview
- 9.2.2 Lubricants: APAC Graphite Market – Revenue and Forecast, 2021–2031 (US$ Million)
- 9.3 Refractories
- 9.3.1 Overview
- 9.3.2 Refractories: APAC Graphite Market – Revenue and Forecast, 2021–2031 (US$ Million)
- 9.4 Friction Products
- 9.4.1 Overview
- 9.4.2 Friction Products: APAC Graphite Market – Revenue and Forecast, 2021–2031 (US$ Million)
- 9.5 Electrodes
- 9.5.1 Overview
- 9.5.2 Electrodes: APAC Graphite Market – Revenue and Forecast, 2021–2031 (US$ Million)
- 9.6 Others
- 9.6.1 Overview
- 9.6.2 Others: APAC Graphite Market – Revenue and Forecast, 2021–2031 (US$ Million)
- 10. APAC Graphite Market – Country Analysis
- 10.1 APAC
- 10.1.1 APAC Graphite Market – Revenue and Forecast Analysis – by Country
- 10.1.1.1 APAC Graphite Market – Revenue and Forecast Analysis – by Country
- 10.1.1.2 Australia: Graphite Market – Revenue and Forecast, 2021–2031 (US$ Million)
- 10.1.1.2.1 Australia: Graphite Market Share – by Type
- 10.1.1.2.2 Australia: Graphite Market Share – by Form
- 10.1.1.3 China: Graphite Market – Revenue and Forecast, 2021–2031 (US$ Million)
- 10.1.1.3.1 China: Graphite Market Share – by Type
- 10.1.1.3.2 China: Graphite Market Share – by Form
- 10.1.1.4 India: Graphite Market – Revenue and Forecast, 2021–2031 (US$ Million)
- 10.1.1.4.1 India: Graphite Market Share – by Type
- 10.1.1.4.2 India: Graphite Market Share – by Form
- 10.1.1.5 Japan: Graphite Market – Revenue and Forecast, 2021–2031 (US$ Million)
- 10.1.1.5.1 Japan: Graphite Market Share – by Type
- 10.1.1.5.2 Japan: Graphite Market Share – by Form
- 10.1.1.6 South Korea: Graphite Market – Revenue and Forecast, 2021–2031 (US$ Million)
- 10.1.1.6.1 South Korea: Graphite Market Share – by Type
- 10.1.1.6.2 South Korea: Graphite Market Share – by Form
- 10.1.1.7 Indonesia: Graphite Market – Revenue and Forecast, 2021–2031 (US$ Million)
- 10.1.1.7.1 Indonesia: Graphite Market Share – by Type
- 10.1.1.7.2 Indonesia: Graphite Market Share – by Form
- 10.1.1.8 Singapore: Graphite Market – Revenue and Forecast, 2021–2031 (US$ Million)
- 10.1.1.8.1 Singapore: Graphite Market Share – by Type
- 10.1.1.8.2 Singapore: Graphite Market Share – by Form
- 10.1.1.9 Malaysia: Graphite Market – Revenue and Forecast, 2021–2031 (US$ Million)
- 10.1.1.9.1 Malaysia: Graphite Market Share – by Type
- 10.1.1.9.2 Malaysia: Graphite Market Share – by Form
- 10.1.1.10 Taiwan: Graphite Market – Revenue and Forecast, 2021–2031 (US$ Million)
- 10.1.1.10.1 Taiwan: Graphite Market Share – by Type
- 10.1.1.10.2 Taiwan: Graphite Market Share – by Form
- 10.1.1.11 Thailand: Graphite Market – Revenue and Forecast, 2021–2031 (US$ Million)
- 10.1.1.11.1 Thailand: Graphite Market Share – by Type
- 10.1.1.11.2 Thailand: Graphite Market Share – by Form
- 10.1.1.12 Philippines: Graphite Market – Revenue and Forecast, 2021–2031 (US$ Million)
- 10.1.1.12.1 Philippines: Graphite Market Share – by Type
- 10.1.1.12.2 Philippines: Graphite Market Share – by Form
- 10.1.1.13 Vietnam: Graphite Market – Revenue and Forecast, 2021–2031 (US$ Million)
- 10.1.1.13.1 Vietnam: Graphite Market Share – by Type
- 10.1.1.13.2 Vietnam: Graphite Market Share – by Form
- 10.1.1.14 New Zealand: Graphite Market – Revenue and Forecast, 2021–2031 (US$ Million)
- 10.1.1.14.1 New Zealand: Graphite Market Share – by Type
- 10.1.1.14.2 New Zealand: Graphite Market Share – by Form
- 10.1.1.15 Bangladesh: Graphite Market – Revenue and Forecast, 2021–2031 (US$ Million)
- 10.1.1.15.1 Bangladesh: Graphite Market Share – by Type
- 10.1.1.15.2 Bangladesh: Graphite Market Share – by Form
- 10.1.1.16 Rest of APAC: Graphite Market – Revenue and Forecast, 2021–2031 (US$ Million)
- 10.1.1.16.1 Rest of APAC: Graphite Market Share – by Type
- 10.1.1.16.2 Rest of APAC: Graphite Market Share – by Form
- 11. Competitive Landscape
- 11.1 Heat Map Analysis by Key Players
- 11.2 Company Positioning and Concentration
- 12. Industry Landscape
- 12.1 Overview
- 12.2 Market Initiative
- 12.3 Partnerships and Collaborations
- 12.4 Other Developments
- 13. Company Profiles
- 13.1 GES Europe GmbH
- 13.1.1 Key Facts
- 13.1.2 Business Description
- 13.1.3 Products and Services
- 13.1.4 Financial Overview
- 13.1.5 SWOT Analysis
- 13.1.6 Key Developments
- 13.2 Graphit Kropfmühl GmbH
- 13.2.1 Key Facts
- 13.2.2 Business Description
- 13.2.3 Products and Services
- 13.2.4 Financial Overview
- 13.2.5 SWOT Analysis
- 13.2.6 Key Developments
- 13.3 Pingdingshan Wanhui Graphite Co., Ltd.
- 13.3.1 Key Facts
- 13.3.2 Business Description
- 13.3.3 Products and Services
- 13.3.4 Financial Overview
- 13.3.5 SWOT Analysis
- 13.3.6 Key Developments
- 13.4 China Graphite Group Limited
- 13.4.1 Key Facts
- 13.4.2 Business Description
- 13.4.3 Products and Services
- 13.4.4 Financial Overview
- 13.4.5 SWOT Analysis
- 13.4.6 Key Developments
- 13.5 Leading Edge Materials Corp
- 13.5.1 Key Facts
- 13.5.2 Business Description
- 13.5.3 Products and Services
- 13.5.4 Financial Overview
- 13.5.5 SWOT Analysis
- 13.5.6 Key Developments
- 13.6 SGL Carbon SE
- 13.6.1 Key Facts
- 13.6.2 Business Description
- 13.6.3 Products and Services
- 13.6.4 Financial Overview
- 13.6.5 SWOT Analysis
- 13.6.6 Key Developments
- 13.7 Ceylon Graphite Corp
- 13.7.1 Key Facts
- 13.7.2 Business Description
- 13.7.3 Products and Services
- 13.7.4 Financial Overview
- 13.7.5 SWOT Analysis
- 13.7.6 Key Developments
- 13.8 Imerys SA
- 13.8.1 Key Facts
- 13.8.2 Business Description
- 13.8.3 Products and Services
- 13.8.4 Financial Overview
- 13.8.5 SWOT Analysis
- 13.8.6 Key Developments
- 13.9 Graphite Central
- 13.9.1 Key Facts
- 13.9.2 Business Description
- 13.9.3 Products and Services
- 13.9.4 Financial Overview
- 13.9.5 SWOT Analysis
- 13.9.6 Key Developments
- 13.10 Nanjing GRF Carbon Material Co., Ltd.
- 13.10.1 Key Facts
- 13.10.2 Business Description
- 13.10.3 Products and Services
- 13.10.4 Financial Overview
- 13.10.5 SWOT Analysis
- 13.10.6 Key Developments
- 14. Appendix
- 14.1 About Business Market Insights
- 14.2 List of Abbreviations
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