The flake graphite market has been gaining significant traction over the years owing to its widespread usage in various industrial applications such as lubricants, batteries, brake linings, and refractories. Flake graphite is one of the purest forms of graphite with a flat, plate-like structure and has excellent thermal conductivity, chemical stability, and lubrication properties. It finds wide usage in Li-ion batteries for electric vehicles and energy storage systems. Flake graphite provides high conductivity and durability in battery electrodes, enabling the development of high-performance lithium-ion batteries for electric vehicles.

The Global flake graphite market is estimated to be valued at US$ 116.31 Bn in 2024 and is expected to exhibit a CAGR of 11.% over the forecast period from 2024 to 2031.

Key Takeaways 

The growing demand for lithium-ion batteries from the automotive industry is one of the major factors driving the growth of the Flake Graphite Market. Graphite is a key anode material for lithium-ion batteries owing to its high electrical conductivity, low cost, and non-toxic nature. The rising adoption of electric vehicles globally is propelling the demand for lithium-ion batteries which in turn is fueling the growth of the flake graphite market.

Asia Pacific accounted for the highest share of the global flake graphite market in 2024 owing to the presence of emerging economies like China, Japan, and India. China, in particular, is the largest manufacturer and consumer of flake graphite owing to its dominance in the industrial sector. However, North America and Europe are likely to witness the fastest CAGR over the forecast period due to the increasing production of electric vehicles in these regions.

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