Global Market Value of Graphite & Graphene

Global market value of graphite 2023-2028

Graphite is a soft, blackish-colored mineral that is found in carbon-rich rock. It has metallic and nonmetallic properties, including high thermal and electrical conductivity. It is used in a variety of industries.

The global graphite market is projected to experience significant growth from 2023 to 2028. Here are the key details regarding its market value during this period:

1. Overall Graphite Market: In 2023, the global graphite market was valued at USD 7.32 billion. It is expected to grow to approximately USD 13.35 billion by 2032, with a compound annual growth rate (CAGR) of 6.9% from 2023 to 2032.
2. Synthetic Graphite Market: The synthetic graphite market was valued at USD 2.99 billion in 2023. It is projected to reach USD 4.16 billion by 2028, reflecting a CAGR of 6.83% during the forecast period of 2023-2028.
3. Long-term Forecast: The global graphite market value is forecast to reach approximately USD 38 billion by 2028, marking an increase of about USD 14 billion from previous years.

This graphite market, driven by increased demand in various applications such as electric vehicles, batteries, and high-temperature industrial processes. The Asia Pacific region is expected to dominate the market due to its extensive use of graphite in steel production and electric vehicles.

S&P Global expects the price of battery-grade graphite in North America to be between $8,707 and $10,874 per metric ton over the life of its integrated graphite development in Quebec, according to an August 2022 feasibility study that cites forecasts from Benchmark Minerals

Global market value of graphene 2023-2028

Yahoo Finance Global market value of graphene 2023-2028

Based on the search results, here are the key details about the global market value of graphene from 2023 to 2028:

1. Market Size in 2023:Estimated at USD 0.79 billion Some sources estimate it lower at USD 0.45 billion.
2. Projected Market Size in 2028:Expected to reach USD 4.84 billion.
3. Compound Annual Growth Rate (CAGR):Projected CAGR of 43.64% during the 2023-2028 period Some sources estimate an even higher CAGR of 47.85%.
4. Total Growth: The market is forecast to increase by USD 1.84 billion between 2023 and 2028.
5. Regional Dominance: Asia-Pacific is expected to be both the largest and fastest-growing market during this period.
6. Key Drivers: Increased use in construction, Expanding electronics and telecommunication sectors and Rising aerospace demand.
7. Notable Applications: Electronics and telecommunication (largest end-user segment) Composites for aerospace and automotive industries, Energy storage and Biomedical technologies.

This indicates significant growth potential for the graphene market over the next few years, driven by technological advancements and increasing applications across various industries.

Current market values have companies that do manufacture graphene and sell it for $60,000 to $200,000 per metric ton. See more here Graphene is a proven supermaterial.

Green Graphite / Graphene From Biochar Organic Waste Streams

The conversion of graphite to graphene involves various methods. The pursuit of sustainable and economically viable sources for graphene synthesis has led to the exploration of alternative precursors. The utilization of biomass pyrolysis-derived biochar as a precursor for graphite / graphene synthesis stands out as an environmentally friendly and economically viable approach.

BioChar on Paulownia Tree Farms

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