Global carbon and graphite market worth $21.5 billion by 2026

DUBLIN, February 2, 2022 /PRNewswire/ — The “Carbon and Graphite – Global Market Trajectory and Analysis” report has been added to from offer.

Global Carbon and Graphite Market to Reach US$21.5 billion by 2026

Carbon and graphite are used in a wide range of applications due to their excellent thermal and electrical properties as well as their extraordinary chemical stability. Carbon and graphite products are also used to improve product performance. Graphite has been identified as a critical and strategic mineral by several governments around the world, including Europe and in the United States, due to the fact that graphite is used in a number of energy-related applications, including fuel cells, electric vehicles, pebble-bed nuclear reactors, solar panels, as well as electronic products such as laptops and smartphones. Graphite is also considered an ideal material to promote green technologies. It is this attribute that drives its use in a number of applications in areas such as energy storage, electronics and photovoltaics.

Of all the types of carbon and graphite products, carbon fiber is currently the most sought-after material for aviation, wind power, automotive, and the production of sporting and leisure goods, largely partly due to its low weight and high strength properties. The outlook for the carbon and graphite market is closely linked to the dynamics of major end-use industries, such as steel, transportation, electronics, semiconductors, electronics, solar and petrochemicals. , among others. Steel and aluminum production, representing the largest end markets for graphite electrodes, are a major driver of electrode demand.

Recent years have seen a growth in demand for graphite reflecting trends in the steel industry, with graphite being used in the form of crucibles or ladle liners and as components in refractory brick lining furnaces. As steel production has seen continuous increases over the past ten years, the demand for graphite has also seen an upward trend.

Amid COVID-19 crisis, Global Carbon and Graphite Market Estimated at US$15.3 billion in 2020, is expected to reach a revised size of US$21.5 billion by 2026, growing at a CAGR of 5.9% over the analysis period. Carbon and graphite electrodes, one of the segments analyzed in the report, is expected to grow at a CAGR of 5% to reach 10 billion US dollars at the end of the analysis period.

After an initial analysis of the business implications of the pandemic and its induced economic crisis, the growth of the carbon fiber and graphite segment is readjusted to a revised CAGR of 8.5% for the next 7-year period. This segment currently accounts for a 17.1% share of the global carbon and graphite market.

Carbon electrodes find application in the manufacture of silicon metal, elemental phosphorus, and ferronickel. The increase in the production of electro-steel has led to an increase in the demand for graphite electrodes. Carbon fiber reinforced materials find a variety of applications including aircraft, racing car bodies, spacecraft parts, bicycle frames and other areas where high strength and light weight characteristics are required.

The US market is estimated at $1.8 billion in 2021, when China is expected to reach $8.1 billion by 2026

The carbon and graphite market in the United States is estimated at US$1.8 billion in 2021. The country currently accounts for an 11.5% share of the global market. Chinaworld’s second largest economy, is expected to reach an estimated market size of US$8.1 billion in 2026 with a CAGR of 6.7% over the analysis period.

Other notable geographic markets include Japan and Canada, each predicting growth of 4.1% and 4.9% respectively over the analysis period. In Europe, Germany is expected to grow around 5% CAGR while the rest of the European market (as defined in the study) will reach US$685.3 million at the end of the analysis period.

Asia Pacific has been and will continue to be the largest producer of graphite in the world and is also a major market for almost all types of carbon and graphite products. Growth in the region is being driven by steady economic growth and sustained demand from expanding aerospace and automotive sectors, as well as the emergence of advanced graphite applications in fuel cells, pebble-bed nuclear reactors and solar power systems. The steady growth in demand for steel and other metals is also contributing to the increase in demand for graphite electrodes in Asia Pacific.

In North AmericaRising sales of electric vehicles and electronic devices such as tablets, mobiles and laptops are expected to result in considerable opportunities for the Li-ion battery market, and thus contribute to the growth in demand for graphite .

Segment of carbon and graphite powders to be reached $1.7 billion by 2026

Carbon powder has several scientific and industrial uses and is therefore considered to be very versatile. Carbon powders generally find applications in metallurgy in the manufacture of steel and for the quenching of iron and steel. Graphite powder is a fine black powder with very good lubricating property which is the required attribute for various applications. Graphite powder also finds applications as a dry lubricant in its natural form and also as a lubricant additive in colloidal solutions, oils and greases.

In the global segment of carbon and graphite powders, United States, Canada, Japan, China and Europe will drive the CAGR of 2.8% estimated for this segment. These regional markets representing a combined market size of US$1.1 billion in the year 2020 will reach a projected size of US$1.3 billion at the end of the analysis period. China will remain among the most dynamic in this group of regional markets. Led by countries such as Australia, Indiaand South Koreathe market of Asia Pacific should reach US$278 million by 2026, while Latin America will grow at a CAGR of 3.1% over the analysis period.

Select contestants (130 total featured)

  • Celanese Corporation
  • Daicel Corporation
  • Eastman Chemical Company
  • Mitsubishi Chemical Corporation
  • Sichuan Push Acetati Co.Ltd.

Main topics covered




  • Carbon and graphite: materials with functional and technical value in the modern world
  • The race between the virus and vaccines is heating up. Amid this chaotic battle, where is the global economy headed in 2021?
  • These are times when questions abound and answers are few.
  • So how fast or how fast are we moving?
  • Divided storylines unfold: The great vaccine divide emerges
  • Progress on vaccinations, why should companies care?
  • With the IMF’s upward revision of global GDP forecasts for 2021, most businesses are optimistic about an economic recovery despite the continued pandemic
  • Everything you always wanted to know about carbon and graphite
  • Recent market activity
  • Global brands



  • Strong demand for activated carbon (AC) in water/air purification and automotive industry bodes well for market growth
  • Deteriorating water quality emphasizes activated carbon water treatment
  • Deteriorating Indoor and Outdoor Air Quality Emphasizes Activated Carbon for Air Purification
  • Strict emission standards are driving demand for activated carbon in the automotive sector
  • New opportunities emerge for activated carbon in the fight against the COVID-19 pandemic
  • Good Prospects for Steelmaking Bring Joy to Graphite Electrode Manufacturers
  • The rise of carbon nanotube as a marvel of materials science and engineering adds significantly to the overall growth momentum of the market
  • Unwavering focus on lighter motor vehicles and aircraft is driving demand for carbon and graphite
  • Benefits of high strength and low weight are driving demand for carbon fiber and recycled carbon fiber in a myriad of applications
  • Graphite/Graphene Makes New Advances in Wearable and Printed Electronics
  • Electric vehicles breathe new life into graphene/graphite demand
  • Strong outlook for renewables post-pandemic to drive demand for carbon and graphite in solar panels and wind turbines
  • Renewable Energy Outlook
  • What does this mean for graphite?
  • Refractories: an important end-use market for natural graphite
  • Promising growth thanks to the expansion of energy storage applications
  • Graphite lubrication is gaining popularity
  • Carbon footprint of graphite and carbon production, use and disposal raises concerns
  • Sustainable solutions and practices emerge to the fore amid growing concerns




  • Total number of companies profiled: 130

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