Graphite Powder Market Outlook:
Graphite Powder Market size was over USD 4.1 billion in 2025 and is estimated to reach USD 7.3 billion by the end of 2035, expanding at a CAGR of 6.7% during the forecast timeline, i.e., 2026-2035. In 2026, the industry size of graphite powder is evaluated at USD 4.3 billion.
The worldwide graphite powder market is witnessing a transformative period, which is anticipated beyond its conventional industrial roots by the global energy transition. Besides, the market has been primarily fueled by the increased need from the lubricant, refractory, and steel industries, and currently it is being reshaped by its indispensable role as a severe anode material in lithium-ion batteries. According to a data report published by the USGS Government in 2024, globally, an estimated 95 organizations in the U.S., particularly in Northeast states and the Great Lakes, readily consumed 76,000 tons of natural graphite at an approximate USD 180 million valuation. Besides, the graphite consumption has significantly increased by 200%, and there has been an increase in lithium-ion battery manufacturing facilities in the U.S. from 3 in 2019 to 10 in 2023. Meanwhile, the aspects of exports, imports, and consumption in the country, regarding graphite, also uplifted the graphite powder market worldwide.
Yearly Analysis of Natural Graphite’s Salient Features in the U.S. (2019 to 2023)
|
Features/Years |
2019 |
2020 |
2021 |
2022 |
2023 |
|
Production and mine imports for consumption |
50,100 |
36,000 |
53,000 |
89,200 |
84,000 |
|
Exports |
5,880 |
5,920 |
8,660 |
9,500 |
8,400 |
|
Consumption and apparent |
44,200 |
30,000 |
44,300 |
79,700 |
76,000 |
|
Flake pricing (metric ton) |
USD 1,340 |
USD 1,340 |
USD 1,330 |
USD 1,200 |
USD 1,200 |
|
Lump and chip pricing (metric ton) |
USD 2,380 |
USD 2,940 |
2,010 |
2,590 |
2,500 |
|
Amorphous (metric ton) |
USD 511 |
USD 567 |
USD 629 |
USD 563 |
USD 565 |
|
Net Import reliance % |
100 |
||||
Source: USGS Government
Furthermore, the supply chain diversification, vertical integration, increased focus on green graphite, and advancements in material science are also driving the graphite powder market across different nations. According to an article published by the AFDB Organization in October 2025, international natural graphite production reached 1.7 million tonnes as of 2023, accounting for nearly one-third of the overall graphite consumption, which is approximately 5.2 million tonnes. Additionally, the consumption of battery anodes is projected to increase from 298 kt in 2022 to 3,884 kt by the end of 2040, reflecting the overall market’s development as well as a rise in the share of natural graphite in battery chemistries. Meanwhile, Africa holds almost 10% of the worldwide natural graphite production, with 97 kt from Mozambique and 60 kt from Madagascar as of 2023, thereby denoting an optimistic approach for the overall graphite powder market.
