Carbon and Graphite

Global Carbon and Graphite Market to Reach US$25.0 Billion by 2030

The global market for Carbon and Graphite estimated at US$17.3 Billion in the year 2024, is expected to reach US$25.0 Billion by 2030, growing at a CAGR of 6.3% over the analysis period 2024-2030. Carbon & Graphite Electrodes, one of the segments analyzed in the report, is expected to record a 5.2% CAGR and reach US$11.1 Billion by the end of the analysis period. Growth in the Carbon & Graphite Fibers segment is estimated at 9.1% CAGR over the analysis period.

The U.S. Market is Estimated at US$1.9 Billion While China is Forecast to Grow at 7.4% CAGR

The Carbon and Graphite market in the U.S. is estimated at US$1.9 Billion in the year 2024. China, the world`s second largest economy, is forecast to reach a projected market size of US$10.1 Billion by the year 2030 trailing a CAGR of 7.4% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 4.0% and 5.0% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 4.9% CAGR.

Global Carbon and Graphite Market - Key Trends & Drivers Summarized

Carbon and graphite, two closely related forms of the same element, play pivotal roles in a multitude of industries due to their unique physical and chemical properties. Carbon, in its various allotropes, includes graphite, diamond, and amorphous carbon, each possessing distinct characteristics. Graphite, specifically, is renowned for its excellent electrical conductivity, high thermal stability, and lubricating properties, making it invaluable in numerous applications. It is widely used in the production of electrodes, batteries, and refractory materials. Graphite’s ability to withstand extreme temperatures and its inertness also make it a critical component in the nuclear industry, where it serves as a moderator and reflector. Additionally, the material is essential in the manufacture of brake linings, lubricants, and pencils, highlighting its versatility.

Technological advancements have further broadened the applications of carbon and graphite, particularly in high-tech and emerging industries. The development of synthetic graphite has allowed for consistent quality and tailored properties, catering to specific industrial needs. In the energy sector, graphite is a key material in lithium-ion batteries, which power a wide range of devices from smartphones to electric vehicles. Its high energy density and long cycle life are crucial for battery performance and efficiency. The advent of graphene, a single layer of carbon atoms derived from graphite, has revolutionized materials science. Graphene’s extraordinary strength, flexibility, and electrical conductivity open up new possibilities in electronics, composites, and biomedical devices. The continued research into carbon nanomaterials is expanding the potential applications of graphite and other carbon forms, driving innovation across multiple fields.

The growth in the carbon and graphite market is driven by several factors, reflecting the evolving demands and technological advancements across various industries. One significant driver is the increasing demand for lithium-ion batteries, spurred by the rapid growth of the electric vehicle market and the need for efficient energy storage solutions. The expansion of the electronics industry, which relies on high-quality graphite for heat dissipation and conductivity, also contributes to market growth. Additionally, the steelmaking industry’s reliance on graphite electrodes for electric arc furnaces underscores the material’s importance in modern metallurgy. Environmental regulations promoting cleaner energy sources and sustainable practices are boosting the adoption of graphite in renewable energy technologies, such as fuel cells and solar panels. Furthermore, the burgeoning field of graphene research is paving the way for new applications and markets, enhancing the material’s value proposition. The ongoing advancements in nanotechnology and materials science continue to drive demand for high-performance carbon and graphite products, ensuring sustained growth and innovation in the market.

SCOPE OF STUDY:

The report analyzes the Carbon and Graphite market in terms of units by the following Segments, and Geographic Regions/Countries:

Segments:
Product Type (Carbon & Graphite Electrodes, Carbon & Graphite Fibers, Carbon & Graphite Powders, Other Product Types)

Geographic Regions/Countries:
World; USA; Canada; Japan; China; Europe; France; Germany; Italy; UK; Spain; Russia; Rest of Europe; Asia-Pacific; Australia; India; South Korea; Rest of Asia-Pacific; Latin America; Argentina; Brazil; Mexico; Rest of Latin America; Middle East; Iran; Israel; Saudi Arabia; UAE; Rest of Middle East; Africa.

Select Competitors (Total 124 Featured) -

• Cabot Corporation
• GrafTech International Ltd.
• Hazer Group Ltd
• HEG Ltd
• Hexcel Corporation
• Mersen S.A.
• Mitsubishi Chemical Corporation
• Mitsubishi Chemical Carbon Fiber and Composites, Inc.
• Morgan Advanced Materials Plc
• Nippon Carbon Co., Ltd.
• Orion Engineered Carbons GmbH
• SGL CARBON SE
• Solvay SA
• Superior Graphite
• Teijin Limited
• Toray Industries, Inc.
• ZOLTEK Corporation

TARIFF IMPACT FACTOR

Our new release incorporates impact of tariffs on geographical markets as we predict a shift in competitiveness of companies based on HQ country, manufacturing base, exports and imports (finished goods and OEM). This intricate and multifaceted market reality will impact competitors by artificially increasing the COGS, reducing profitability, reconfiguring supply chains, amongst other micro and macro market dynamics.

We are diligently following expert opinions of leading Chief Economists (14,949), Think Tanks (62), Trade & Industry bodies (171) worldwide, as they assess impact and address new market realities for their ecosystems. Experts and economists from every major country are tracked for their opinions on tariffs and how they will impact their countries.

We expect this chaos to play out over the next 2-3 months and a new world order is established with more clarity. We are tracking these developments on a real time basis.

As we release this report, U.S. Trade Representatives are pushing their counterparts in 183 countries for an early closure to bilateral tariff negotiations. Most of the major trading partners also have initiated trade agreements with other key trading nations, outside of those in the works with the United States. We are tracking such secondary fallouts as supply chains shift.

To our valued clients, we say, we have your back. We will present a simplified market reassessment by incorporating these changes!

APRIL 2025: NEGOTIATION PHASE

Our April release addresses the impact of tariffs on the overall global market and presents market adjustments by geography. Our trajectories are based on historic data and evolving market impacting factors.

JULY 2025 FINAL TARIFF RESET

Complimentary Update: Our clients will also receive a complimentary update in July after a final reset is announced between nations. The final updated version incorporates clearly defined Tariff Impact Analyses.

Reciprocal and Bilateral Trade & Tariff Impact Analyses:

USA
CHINA
MEXICO
CANADA
EU
JAPAN
INDIA
176 OTHER COUNTRIES.

Leading Economists - Our knowledge base tracks 14,949 economists including a select group of most influential Chief Economists of nations, think tanks, trade and industry bodies, big enterprises, and domain experts who are sharing views on the fallout of this unprecedented paradigm shift in the global econometric landscape. Most of our 16,491+ reports have incorporated this two-stage release schedule based on milestones.

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