No. of Pages: 150 | Report Code: BMIPUB00031723 | Category: Chemicals and Materials
The BRICS Graphite Market size is expected to reach US$ 23.94 billion by 2031 from US$ 10.29 billion in 2024. The market is estimated to record a CAGR of 12.8% from 2025 to 2031.
The BRICS graphite market (South Africa, Brazil, Russia, India, and China) is poised for significant growth, driven by its increasing demand across several key applications: batteries, lubricants, refractories, and friction products. Graphite is essential in lithium-ion batteries used in EVs and consumer electronics. China is leading the charge in production and consumption due to its abundance of resources and its dominance in the EV and battery industries. As India and Brazil invest in renewable energy and transportation infrastructure, the demand for graphite in battery production is expected to rise significantly. Additionally, these countries' automotive and industrial sectors are propelling the use of graphite in lubricants, refractories, and friction products owing to its thermal conductivity, durability, and low friction properties, respectively.
Key segments that contributed to the derivation of the graphite market analysis are type, form, and application.
Graphite also plays a crucial role in other industries, such as steel manufacturing, aerospace, and electronics. Its versatility is driving demand in high-performance composite materials, fuel cells, and electrodes. Moreover, its use in brake linings, clutch facings, and other friction products continues to grow as automotive production expands in the BRICS nations. The BRICS graphite market is poised for significant expansion in the near future with the global push for sustainable energy solutions and green technologies.
Based on country, the BRICS graphite market is further segmented into Russia, Brazil, South Africa, India, and China. China held the largest share in 2024.
According to the Center for Strategic & International Studies, China is the number one graphite producer in the world; it recorded an output of 850,000 tonnes in 2022 and accounted for two-thirds of the global mine supply. This dominant position is attributed to its vast graphite reserves, concentrated mainly in Heilongjiang, Jilin, and Shandong provinces. The country's graphite industry is driven by strong demand from the steel, automotive, and renewable energy sectors, which rely heavily on graphite-based products such as electrodes, refractories, and lithium-ion batteries. Additionally, the Chinese government's ambitious plans to promote clean energy and reduce carbon emissions have further boosted the demand for graphite. As the global graphite market continues to evolve, China is expected to reinforce its position as the leading graphite producer in the future.
| Report Attribute | Details |
|---|---|
| Market size in 2024 | US$ 10.29 Billion |
| Market Size by 2031 | US$ 23.94 Billion |
| Global CAGR (2025 - 2031) | 12.8% |
| Historical Data | 2021-2023 |
| Forecast period | 2025-2031 |
| Segments Covered |
By Type
|
| Regions and Countries Covered | BRICS
|
| Market leaders and key company profiles |
GES Europe GmbH, Graphit Kropfmühl GmbH, Pingdingshan Wanhui Graphite Co Ltd, China Graphite Group Limited, Leading Edge Materials Corp, SGL Carbon SE, Ceylon Graphite Corp, Imerys SA, Graphite Central, and Nanjing GRF Carbon Material Co Ltd are among the key players operating in the market. These players adopt strategies such as expansion, product innovation, and mergers and acquisitions to stay competitive in the market and offer innovative products to their consumers.
The following methodology has been followed for the collection and analysis of data presented in this report:
The research process begins with comprehensive secondary research, utilizing both internal and external sources to gather qualitative and quantitative data for each market. Commonly referenced secondary research sources include, but are not limited to:
Note:
All financial data included in the Company Profiles section has been standardized to US$. For companies reporting in other currencies, figures have been converted to US$ using the relevant exchange rates for the corresponding year.
Business Market Insights conducts a significant number of primary interviews each year with industry stakeholders and experts to validate and analyze the data and gain valuable insights. These research interviews are designed to:
Primary research is conducted via email interactions and telephone interviews with industry experts across various markets, categories, segments, and sub-segments in different regions. Participants typically include:
The BRICS Graphite Market is valued at US$ 10.29 Billion in 2024, it is projected to reach US$ 23.94 Billion by 2031.
As per our report BRICS Graphite Market, the market size is valued at US$ 10.29 Billion in 2024, projecting it to reach US$ 23.94 Billion by 2031. This translates to a CAGR of approximately 12.8% during the forecast period.
The BRICS Graphite Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the BRICS Graphite Market report:
The BRICS Graphite Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The BRICS Graphite Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the BRICS Graphite Market value chain can benefit from the information contained in a comprehensive market report.
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