Graphite Market (2019 - 2024) Analysis Report

Graphite Market Analysis Report (2019 - 2024)

Graphite is a mineral form of the carbon matter that is formed as the result of the metamorphism of organic material incorporated in limestone deposits. It is an extremely soft mineral, and it breaks into the minute, flexible flakes that can freely slide over one another. This feature accounts for graphite’s distinctive greasy texture. This greasy nature makes graphite a good lubricant. It is the only non-metal element that is a good conductor of electricity.

The global graphite market was valued at nearly $1,282.7 million in 2018. Presently, as per the latest reports, the industry size for this market is expected to register a CAGR of 5.4% during the forecast period of 2020 - 2025.

The rising demand for graphite for lightweight materials in aircraft components and the opening of new graphite mines have increased the growth rate of the Graphite industry. These factors are anticipated to provide greater momentum to the market growth in the forecast period.

However, the high cost of extraction which further increases the cost of graphite, along with the limited mines of graphite and transportation and handling facilities, are some of the factors which could possibly inhibit the growth of the graphite market in the near future.

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