Global Graphite Market Set to Reach USD 17.8 Billion by 2030, Driven by Soaring Demand from EV and Steel Industries
The global graphite market is on a robust growth trajectory, projected to reach a valuation of USD 12.2 billion by 2024 and expand at a compound annual growth rate (CAGR) of 6.7% from 2025 to 2030. This growth is underpinned by increasing demand in key sectors such as electric vehicle (EV) batteries, steelmaking, and electronics. Download Sample Pages- https://www.theresearchinsights.com/request_sample?id=268 Graphite’s critical role in electric arc furnaces (EAFs) is a major driver, as steel manufacturers shift toward greener production methods. Its use in manufacturing crucibles, molds, and ladles further highlights its significance in metallurgical processes. Buy the report - https://www.theresearchinsights.com/license?id=268 Simultaneously, the rapid expansion of EV and energy storage industries is fueling unprecedented demand for graphite in lithium-ion batteries, where it serves as the primary material for anodes. Graphite’s superior ability to intercalate lit...