BRICS Graphite Market Outlook (2021-2031)

The BRICS Graphite Market is projected to grow from $10.72 billion in 2024 to $23.90 billion by 2031, achieving a compound annual growth rate (CAGR) of 12.8% from 2025 to 2031.

BRICS Graphite Market Analysis:

The BRICS graphite market, which includes South Africa, Brazil, Russia, India, and China, among others, is set for substantial growth, largely driven by increasing demand in key applications such as batteries, lubricants, refractories, and friction products. Graphite is vital for lithium-ion batteries used in electric vehicles (EVs) and consumer electronics. China leads in both production and consumption due to its abundant resources and dominance in the EV and battery sectors. As India and Brazil invest in renewable energy and transportation infrastructure, the demand for graphite in battery production is anticipated to rise significantly. Additionally, the automotive and industrial sectors in these countries are further increasing the use of graphite in lubricants, refractories, and friction products owing to its thermal conductivity, durability, and low-friction properties.

Segmentation Analysis

The graphite market is segmented by type, form, and application.

By Type: The market is divided into natural and synthetic graphite, with the synthetic segment holding the largest market share in 2024.

By Form: The market includes segments such as powder, flake, granules, electrode, and others. The flake segment had the largest market share in 2024.

By Application: The market is categorized into batteries, lubricants, refractories, friction products, electrodes, and others, with the electrodes segment dominating in 2024.

Market Outlook:

Graphite is also crucial in other industries like steel manufacturing, aerospace, and electronics. Its versatility drives demand for high-performance composite materials, fuel cells, and electrodes. Moreover, its applications in brake linings, clutch facings, and other friction products are growing with the expansion of automotive production in the BRICS nations. The BRICS graphite market is expected to experience significant growth in the near future, spurred by a global push for sustainable energy solutions and green technologies.

Country Insights:

The BRICS graphite market is further segmented by country: Russia, Brazil, South Africa, India, China, Saudi Arabia, Indonesia, Egypt, and the UAE, with China holding the largest market share in 2024.

According to the Center for Strategic & International Studies, China is the world’s leading graphite producer, with an output of 850,000 tonnes in 2022, accounting for two-thirds of the global mine supply. This dominant position is due to its extensive graphite reserves, primarily located in Heilongjiang, Jilin, and Shandong provinces. The country’s graphite industry is fueled by strong demand from the steel, automotive, and renewable energy sectors, which heavily rely on graphite-based products like electrodes, refractories, and lithium-ion batteries. Additionally, the Chinese government’s ambitious plans to promote clean energy and reduce carbon emissions have further increased the demand for graphite. As the global graphite market continues to evolve, China is expected to maintain its leadership as the top graphite producer in the future.

Key Player:

Key players in the graphite market include 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. These companies are adopting strategies such as expansion, product innovation, and mergers and acquisitions to remain competitive and provide innovative products to their cu Show more