The Global Battery-Grade Spherical Graphite Market was valued at USD 2.94 Billion in 2023 and is projected to reach USD 6.82 Billion by 2029, growing at a Compound Annual Growth Rate (CAGR) of 14.5% during the forecast period. This robust growth is being driven by the explosive demand for lithium-ion batteries from the electric vehicle (EV) sector, alongside expanding applications in consumer electronics and energy storage systems.

As the world accelerates its transition to clean energy and electrified transportation, the importance of high-performance battery materials has never been greater. Battery-grade spherical graphite, the key anode material in virtually all lithium-ion batteries, sits at the heart of this transformation. In this blog, we profile the Top 10 Companies in the Battery-Grade Spherical Graphite Industry—a mix of established Chinese producers and emerging global players shaping the future of energy storage.

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🔟 1. Zhanjiang Juxin New Energy Co.,Ltd.

Headquarters: Zhanjiang, Guangdong, China
Key Offering: High-purity Spherical Graphite (8 um, 10 um, 23 um)

Zhanjiang Juxin is a prominent manufacturer specializing in the processing of spherical graphite for lithium-ion battery anodes. The company has established a strong reputation for product consistency and quality control, serving major battery manufacturers in China and internationally.

Strategic Initiatives:

• Focus on vertical integration from flake graphite to final spherical product

• Investment in advanced purification technologies to achieve >99.95% purity

• Expansion of production capacity to meet rising EV battery demand

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9️⃣ 2. Qingdao Haida New Energy Materials Co., Ltd.

Headquarters: Qingdao, Shandong, China
Key Offering: Spherical Graphite, Expanded Graphite, Anode Materials

Qingdao Haida is a leading supplier of anode materials with significant production capacity for spherical graphite. The company leverages its location in a major Chinese industrial hub to efficiently serve the domestic battery market while expanding its global footprint.

Strategic Initiatives:

• Diversified product portfolio catering to different battery performance requirements

• Strong R&D focus on improving anode energy density and charge rates

• Strategic partnerships with cathode and electrolyte suppliers for integrated solutions

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8️⃣ 3. JiXi BTR Graphite Industrial Park Co., Ltd

Headquarters: Jixi, Heilongjiang, China
Key Offering: BTR-branded spherical graphite and anode products

As part of the BTR New Material Group, a global leader in lithium-ion battery anode materials, JiXi BTR operates one of the largest spherical graphite production facilities. The company benefits from proximity to high-quality natural flake graphite resources in the Heilongjiang province.

Strategic Initiatives:

• Mass-scale production with stringent quality assurance processes

• Supply agreements with top-tier global battery cell manufacturers

• Continuous process innovation to reduce energy consumption and production costs

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7️⃣ 4. Qingdao Xintaihe Energy Materials Co.,Ltd

Headquarters: Qingdao, Shandong, China
Key Offering: Customized spherical graphite grades

Qingdao Xintaihe specializes in producing high-quality spherical graphite tailored to specific customer specifications. The company has carved a niche by offering flexible production runs and technical support for battery developers optimizing their anode formulations.

Strategic Initiatives:

• Customer-centric approach with tailored particle size distributions

• Investment in R&D for silicon-graphite composite anode materials

• Focus on reducing the carbon footprint of spherical graphite production

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6️⃣ 5. Qingdao Guangxing Electronic Materials Co., Ltd.

Headquarters: Qingdao, Shandong, China
Key Offering: Spherical graphite for high-power and high-energy applications

Qingdao Guangxing has established itself as a reliable supplier of consistent-quality spherical graphite. The company serves a broad base of customers across the battery industry, from power tools to automotive applications.

Strategic Initiatives:

• Optimization of spheroidization and purification processes for enhanced performance

• Expansion into international markets beyond China

• Development of cost-effective production methods to maintain competitiveness

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5️⃣ 6. China Graphite Group Limited

Headquarters: Hegang, Heilongjiang, China
Key Offering: Flake graphite concentrate and spherical graphite

As a vertically integrated graphite producer, China Graphite Group controls the supply chain from its own mines to the production of spherical graphite. This integration provides cost advantages and supply security, which are critical in a volatile raw material market.

Strategic Initiatives:

• Secured access to high-quality flake graphite reserves

• Public listing providing capital for strategic expansion projects

• Focus on sustainable mining and processing practices

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4️⃣ 7. Qingdao Hensen Graphite Co.,Ltd.

Headquarters: Qingdao, Shandong, China
Key Offering: Spherical graphite and modified graphite materials

Qingdao Hensen Graphite is a specialized manufacturer with expertise in both standard and modified spherical graphite products. The company has developed surface treatment technologies that enhance the electrochemical performance of its anode materials.

Strategic Initiatives:

• Proprietary coating technologies to improve first-cycle efficiency

• Collaborations with academic institutions on next-generation anode research

• Targeted product development for emerging solid-state battery applications

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3️⃣ 8. Heilongjiang BoHao Graphite Co.,Ltd

Headquarters: Hegang, Heilongjiang, China
Key Offering: High-carbon spherical graphite

Located in China’s primary graphite mining region, Heilongjiang BoHao leverages its strategic position to produce spherical graphite with a focus on high purity and consistent particle morphology. The company supplies anode manufacturers requiring reliable, high-volume material.

Strategic Initiatives:

• Expansion of purification capacity to meet EV battery purity standards

• Implementation of automated quality control systems

• Logistics optimization to efficiently serve customers across Asia

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2️⃣ 9. Liaoning Xinyang Chemistry Co., Ltd.

Headquarters: Liaoning, China
Key Offering: Specialty spherical graphite grades

While a significant player, Liaoning Xinyang focuses on producing specialty grades of spherical graphite for niche applications beyond mass-market EVs, including high-performance electronics and specialized industrial batteries. Their expertise lies in customizing material properties.

Strategic Initiatives:

• Development of ultra-fine spherical graphite for high-power applications

• Focus on high-margin specialty markets

• Investment in R&D for next-generation lithium battery technologies

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1️⃣ 10. Syrah Resources Limited

Headquarters: Melbourne, Australia
Key Offering: Natural flake graphite and spherical graphite (VIA subsidiary)

Syrah Resources operates the Balama graphite project in Mozambique, one of the world’s largest natural graphite deposits outside of China. The company is a key non-Chinese source of spherical graphite, providing supply chain diversification for Western battery makers.

Strategic Initiatives:

• Development of a vertically integrated active anode material facility in the USA

• Strategic offtake agreements with major US and European automakers

• Focus on ESG-compliant production to meet Western OEM requirements

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Battery-Grade Spherical Graphite Market – View in Detailed Research Report

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🚀 Outlook: The Future of Battery-Grade Spherical Graphite Is High-Performance and Diversified

The battery-grade spherical graphite market is undergoing a profound transformation. While Chinese producers currently dominate the supply chain, there is a concerted global effort to diversify sources and develop advanced materials to power the next generation of batteries.

📈 Key Trends Shaping the Market:

• Geographical Diversification: Strong push from North America and Europe to establish non-Chinese spherical graphite supply chains for energy security.

• Performance Enhancement: R&D focused on silicon-graphite composites and surface-engineered spherical graphite to increase energy density.

• Sustainability Focus: Growing emphasis on environmentally responsible graphite mining and processing, including reducing acid usage in purification.

• Cost Optimization: Continuous process improvements to reduce the cost of spherical graphite production, which is a significant portion of total anode cost.

Download FREE Sample Report:
Battery-Grade Spherical Graphite Market – View in Detailed Research Report

The companies profiled above are not only supplying a critical material for today’s energy storage needs—they are actively developing the advanced anode technologies that will power a fully electrified future.