Graphite Market Outlook (2021–2031): The Carbon Backbone of the Energy Transition Get a sample PDF of the report – https://www.businessmarketinsights.com/sample/BMIRE00031109?utm_source=Blog&utm_medium=10640 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. Get Full Report: https://www.businessmarketinsights.com/reports/graphite-market 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. The market is also influenced by the push for sustainable energy solutions, which require high-quality graphite for energy storage applications. Technological advancements in mining, processing, and recycling methods are shaping the future of the industry. However, environmental concerns and supply chain disruptions pose challenges to the market’s stability. Additionally, the shift toward synthetic graphite, which offers high performance, is reshaping market dynamics.