Graphite Market Analysis: Growth Drivers, Risks & Regional Insights 2031
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The Graphite Market size is expected to reach US$ 39,698.2 million by 2031 from US$ 17,718.40 million in 2024. The market is estimated to record a CAGR of 12.4% from 2025 to 2031.
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Executive Summary and Global Market Analysis:
The global graphite market is experiencing significant growth, driven by rising demand across various industries, including batteries, steel production, electronics, and automotive. As a key material in lithium-ion batteries, graphite is vital to the growing electric vehicle market, propelling its demand further. China dominates the global supply, with other major players such as India, Brazil, and Canada contributing to production.
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