Synthetic Graphite Materials Market Growth Analysis, Market Dynamics 2024-2030

 Global Synthetic Graphite Materials Market Overview (2023):


  • Market Size in 2023: Valued at 8871.19 Million USD.

  • Comparison with 2019: Significantly increased from 7769.19 Million USD in 2019.

  • Forecast for 2030: Expected to reach 19116.96 Million USD by 2030.

  • Compound Annual Growth Rate (CAGR): Projected CAGR of 8.84% between 2024 and 2030.

Report Sample includes:
- Table of Contents
- List of Tables & Figures
- Charts
- Research Methodology

Get FREE Sample of this Report at https://www.intelmarketresearch.com/download-free-sample/177/synthetic-graphite-materials


Market Size in 2023: Valued at 8871.19 Million USD.

Comparison with 2019: Significantly increased from 7769.19 Million USD in 2019.

Forecast for 2030: Expected to reach 19116.96 Million USD by 2030.

Compound Annual Growth Rate (CAGR): Projected CAGR of 8.84% between 2024 and 2030.


Synthetic graphite is a man-made material produced by heating carbon-rich materials, such as petroleum coke and coal tar pitch, at high temperatures. Synthetic graphite materials have various applications across different industries due to their unique properties, including high electrical and thermal conductivity, resistance to corrosion and heat, and lubricity.

key types of synthetic graphite materials:


  • Synthetic graphite electrodes: Used in electric arc furnaces for steel production and in the smelting of other metals.
  • Synthetic graphite anodes: Used in the production of lithium-ion batteries, which power electric vehicles and portable electronic devices.
  • Specialty synthetic graphite materials: Used in various applications, including high-temperature seals, bearings, heat exchangers, and crucibles.
  • Nuclear graphite: Used in nuclear reactors as a moderator and reflector of neutrons.
  • Carbon fiber reinforced carbon (CFRC): A composite material made from carbon fibers embedded in a carbon matrix, used in aerospace, defense, and other high-performance applications.
  • The demand for synthetic graphite materials is expected to grow due to the increasing use of electric vehicles and renewable energy, as well as the development of advanced materials for various industrial applications.

Major Global Manufacturers:


  • Key Players: GrafTech, Fangda Carbon, Showa Denko, Jilin Carbon, Graphite India, Tokai Carbon, HEG, Nippon Carbon, Datong Xincheng New Material Co., Ltd, SEC Carbon, etc.

  • Revenue Concentration: In 2023, the top 3 vendors globally accounted for approximately 33.46% of the revenue.

Key Players: GrafTech, Fangda Carbon, Showa Denko, Jilin Carbon, Graphite India, Tokai Carbon, HEG, Nippon Carbon, Datong Xincheng New Material Co., Ltd, SEC Carbon, etc.

Revenue Concentration: In 2023, the top 3 vendors globally accounted for approximately 33.46% of the revenue.


This report aims to provide a comprehensive presentation of the global market for Synthetic Graphite Materials, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Synthetic Graphite Materials.


The Synthetic Graphite Materials market size, estimations, and forecasts are provided in terms of output/shipments (K MT) and revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Synthetic Graphite Materials market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.


For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.


The report will help the Synthetic Graphite Materials manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.

Market Segmentation

By Company


  • GrafTech
  • Fangda Carbon
  • Showa Denko
  • Jilin Carbon
  • Graphite India
  • Tokai Carbon
  • HEG
  • Nippon Carbon
  • Datong Xincheng New Material Co., Ltd
  • SEC Carbon
  • Toray Carbon
  • Toyo Tanso
  • Teijin (Toho Tenax)
  • Mersen Group
  • Ibiden
  • Asbury Graphite

Segment by Type


  • Graphite Electrodes
  • Carbon Fibers
  • Specialty Graphite
  • Graphite Granular & Powder
  • Others

Segment by Application


  • Iron and Steel Industry
  • Battery Industry
  • Aluminum Industry
  • Industrial Components
  • Others

Production by Region


  • North America
  • Europe
  • China
  • Japan

Consumption by Region


  • North America
    • U.S.
    • Canada


  • Asia-Pacific
    • China
    • Japan
    • South Korea
    • Southeast Asia
    • India
    • Australia


  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Rest of Europe


  • Latin America, Middle East & Africa
    • Mexico
    • Brazil
    • Turkey
    • GCC Countries

Demand Drivers


  • Analyze growth in steel production, especially in electric arc furnace steelmaking which requires graphite electrodes

  • Evaluate demand growth for lithium-ion batteries used in electric vehicles and consumer electronics and the graphite content per battery

  • Identify trends in government investments in aerospace/defense, renewable energy, nuclear power and materials demand for these end-markets

Analyze growth in steel production, especially in electric arc furnace steelmaking which requires graphite electrodes

Evaluate demand growth for lithium-ion batteries used in electric vehicles and consumer electronics and the graphite content per battery

Identify trends in government investments in aerospace/defense, renewable energy, nuclear power and materials demand for these end-markets

Supply Analysis


  • Profile leading merchants and producers and evaluate their expansion plans and competitive landscape

  • Estimate plant capacities and utilization rates to assess supply constraints

  • Understand cost drivers including petroleum needle coke feedstocks and energy/utilities

Profile leading merchants and producers and evaluate their expansion plans and competitive landscape

Estimate plant capacities and utilization rates to assess supply constraints

Understand cost drivers including petroleum needle coke feedstocks and energy/utilities

Price Analysis


  • Track price trends over 5-10 years, accounting for any spikes/declines and long term trajectory

  • Compare pricing across geographic regions

  • Relate pricing to underlying supply/demand balance

Track price trends over 5-10 years, accounting for any spikes/declines and long term trajectory

Compare pricing across geographic regions

Relate pricing to underlying supply/demand balance

Macroeconomic Factors


  • Consider impact of trends in electric vehicle adoption, semiconductor demand, construction activity on graphite demand

  • Factor in economic growth rates in China, India, Asia, Europe, and North America

Consider impact of trends in electric vehicle adoption, semiconductor demand, construction activity on graphite demand

Factor in economic growth rates in China, India, Asia, Europe, and North America

Some notable developments include:




  • Anovion Technologies announced plans to build a synthetic graphite anode manufacturing facility in Georgia, USA, to meet the growing demand for lithium-ion batteries for electric vehicles.
  • The U.S. Department of Energy awarded $2.8 billion in grants to support domestic manufacturing of batteries for electric vehicles, including the production of synthetic graphite materials.
  • The U.S. government introduced new rules aimed at reducing dependence on China for critical minerals used in electric vehicle batteries, including graphite.
  • Researchers are developing new methods for producing synthetic graphite materials with improved performance and sustainability, such as using renewable energy sources for graphitization and exploring alternatives to petroleum-based precursors.
  • Companies are scaling up the production of synthetic graphite materials to meet the increasing demand from various industries, with several new facilities and expansion projects announced in recent years.

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