Description
The global synthetic graphite market continues to grow steadily, driven by advancements in battery technology, steel manufacturing, and industrial applications. In 2024, the market was valued at USD 5.67 billion. It is projected to reach USD 5.98 billion by 2025 and is expected to rise significantly to USD 8.74 billion by 2032. This growth corresponds to a compound annual growth rate (CAGR) of 5.6% during the forecast period from 2025 to 2032. Synthetic graphite is a manufactured product, made by heating carbon-rich materials to high temperatures. Its consistent properties, high purity, and customizable structure make it essential in various high-performance applications. These include electrodes in electric arc furnaces, anodes in lithium-ion batteries, and materials used in refractories and metallurgy.
Synthetic Graphite Market Global Report, Opportunities, Share & Forecast 2032
