Graphite Market Size, Opportunities, Type, Product, Application 2032

The graphite market reached a valuation of USD 31.2 Billion in 2022 and is projected to achieve USD 52.2 Billion by 2032, with a compound annual growth rate (CAGR) of 5.4% during the forecast period spanning from 2023 to 2032.

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This market encompasses the worldwide trade and demand for graphite, known for its versatile properties including conductivity, heat resistance, and lubrication. Widely utilized across electronics, energy storage, automotive, and aerospace sectors, graphite serves as a fundamental component in the manufacturing of batteries, lubricants, refractories, and various advanced materials.