Flake Graphite Market Analysis

Application (Refractory, Foundry, Battery, Friction Product, Lubricant)

Based on application segmentation, the refractory segment is predicted to dominate the flake graphite market by registering a CAGR of 40% during the time period between 2024 – 2036. Refractories are materials that are used to withstand high temperatures and flake graphite is an ideal material for this application due to its high thermal connectivity and chemical stability. The growth of this segment can be attributed to the back of increasing demand for steel, cement, and glass. The growing demand for renewable energy is expected to create new opportunities for flake graphite in this segment as renewable energy technologies often require high-temperature refractory materials. Over the past 20 years, there has been a notable increase in the worldwide usage of renewable energy. In 2022, consumption levels were over 45.18 exajoules.  Furthermore, the demand for flake graphite in the refractories segment is predicted to grow as a result of the expansion of developing economies such as China and India which are the biggest producers and consumers of steels.

End User (Automotive, Power, Electronic)

Flake graphite market from the automotive segment is predicted to grow prominently by the end of 2036. The growth of demand for graphite in the automobile sector as well as increased industrial production in the emerging regions is expected to be a catalyzing factor for the segment growth in the market.  Moreover, new applications for flake graphite are being developed such as in the production of lightweight materials for automotive components. Except for these applications, the flake graphite is also utilized in brake pads and clutch linings where it aids in enhancing friction and reducing wear.

Our in-depth analysis of the global market includes the following segments: