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According to Goldstein Research, global graphite market is expected to reach USD 21.4 billion by 2024 from USD 16.0 billion in 2016, growing at a CAGR of 3.7% over the forecast period 2016-2024. Rise in the global green energy market and increased application in the automotive sector are other factors that will drive demand for graphite over the forecast period. Global graphite market segmentation has been done on the basis of product type, application and geography. Among the types of synthetic graphite, graphite flakes are said to enjoy the highest demand compared to other types.
Global graphite industry is largely dominated by Asia Pacific region in terms of revenue. The region is also expected to witness the highest growth compared to all other regions in the forecast period, attributed to the rapid industrialization and development of the automotive industry in the region.
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Market Segmentation
On the basis of our in-depth analysis, Global Graphite Market can be segmented as follows:
On the basis of Product Type
o Natural Graphite
o Synthetic Graphite
On the basis of Application
o Steel
o Refractory
o Lubrication
o Foundry
o Crucible
o Energy (Photovoltaic and others)
o Electronics
o Automotive
By Region
o North America (US, Canada) {Market Share (%), Market Size (USD Billion, Adoption Rate (%)}
o Europe (UK, France, Italy, Germany, Spain, Hungary, Sweden, Russia, Poland and Rest of Europe) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
o Middle East and Africa (GCC Countries, North Africa, South Africa and Rest of Middle East & Africa) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
o Latin America (Brazil, Mexico and Rest of Latin America) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
o Asia Pacific (China, Japan, India, Singapore, South Korea, Australia, New Zealand and Rest of Asia-Pacific) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
o Rest of the World {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}

Available in natural as well as synthetic form, graphite finds major applications in the steel and automotive industries. In the automotive industry, graphite is used in gaskets, clutch materials and brake pads. Growth in this industry has propelled the growth of graphite market as well. Globally there has been a rise in usage of electronic equipment, including electric vehicles. This growth of electric vehicles market can be attributed to increased environmental concerns and government regulations to reduce carbon dioxide emissions.
Further, lithium-ion batteries are gaining popularity. These batteries require sizeable amounts of graphite in their manufacturing, thereby increasing demand for graphite. This rapid growth of lithium ion battery market is also likely to trigger graphite market.

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“Global Graphite Market Outlook 2024” contains detailed overview of the global graphite market. On the basis of our in-depth analysis, market can be segmented in terms of market segmentation by product type and application.
Further, for the in-depth analysis, Global Graphite Market Report encompasses the industry growth drivers, market challenges, graphite demand forecast, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis. This market report also includes competitive outlook of some of the major players profiling of companies such as Graphite India, SGL Group, Showa Denko, Graphite India Ltd., Triton Minerals Ltd., Mason Graphite, Inc., Tokai Carbon Co. Ltd., GrafTech International Holdings Inc., Alabama Graphite Corp., Syrah Resources Ltd., Nippon Graphite Industries, HEG Ltd., AMG Advanced Metallurgical Group N.V., Toyo Tanso Co., Ltd., Lamboo Resources Ltd., etc. The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services and industries catered, financial analysis of the company and recent developments.
Overall, the report represents the global graphite market size along with market forecast that will help industry consultants, technology providers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.