No. of Pages: 150 | Report Code: BMIPUB00031727 | Category: Chemicals and Materials
The South and Central America Graphite Market size is expected to reach US$ 956.11 million by 2031 from US$ 473.49 million in 2024. The market is estimated to record a CAGR of 10.8% from 2025 to 2031.
The South and Central America graphite market has been experiencing steady growth, driven by increasing demand from industries such as EV and renewable energy. Graphite is a critical component of lithium-ion batteries used in EVs, which underlines its importance in the expansion of EV and energy storage markets. Its applications in manufacturing lubricants, steel, and batteries for renewable energy systems further fuel its demand. The region's rich mineral reserves, especially in countries such as Brazil, Mexico, and Venezuela, have positioned South and Central America as an important player in the global graphite supply chain.
Key segments that contributed to the derivation of the South and Central America graphite market analysis are type, form, and application.
Brazil, with its abundant graphite reserves, is a significant exporter of the material, while other nations, including Argentina, are also contributing to the regional graphite production. The mining and export of graphite in South and Central America have shown upward trends, supported by both domestic demand and international markets, particularly for battery production. The market outlook is expected to remain positive in the region in the future as well, owing to the local and global demand, particularly from the electric vehicle and renewable energy sectors.
The graphite market in Argentina is characterized by its significant reserves and growing production capabilities, positioning the country as a key player in the global supply chain. With abundant natural resources, the country has attracted both domestic and international investments aimed at enhancing extraction and processing technologies. The rising demand for graphite, driven by its applications in batteries, lubricants, and other industrial uses, further stimulates the market growth in Argentina. Additionally, government initiatives to promote sustainable mining practices and improve infrastructure are expected to benefit the market in the coming years.
Based on country, the South and Central America graphite market is further segmented into Brazil, Argentina, Chile, Peru, Colombia, Rest of South and Central America. Brazil held the largest share in 2024.
The Brazil graphite market is poised for significant growth, driven by the country's substantial reserves of 74.0 million tonnes, accounting for 26.4% of the world's total graphite deposits, as reported in the Natural Resources Canada report. This abundance of graphite resources has attracted considerable investments; for example, in May 2024, Appian Capital initiated the construction of a demonstration plant for graphite processing, a key component of its national expansion strategy, with a substantial investment of Real 350 million (~US$ 63.6 million). This development is expected to stimulate the domestic graphite industry, fostering job creation, economic growth, and self-sufficiency in the production of this critical mineral.
| Report Attribute | Details |
|---|---|
| Market size in 2024 | US$ 473.49 Million |
| Market Size by 2031 | US$ 956.11 Million |
| Global CAGR (2025 - 2031) | 10.8% |
| Historical Data | 2021-2023 |
| Forecast period | 2025-2031 |
| Segments Covered |
By Type
|
| Regions and Countries Covered | South and Central America
|
| 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 analyse 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 South and Central America Graphite Market is valued at US$ 473.49 Million in 2024, it is projected to reach US$ 956.11 Million by 2031.
As per our report South and Central America Graphite Market, the market size is valued at US$ 473.49 Million in 2024, projecting it to reach US$ 956.11 Million by 2031. This translates to a CAGR of approximately 10.8% during the forecast period.
The South and Central America 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 South and Central America Graphite Market report:
The South and Central America Graphite Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The South and Central America Graphite Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the South and Central America Graphite Market value chain can benefit from the information contained in a comprehensive market report.
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