The Global Natural and Synthetic Graphite Market was valued at USD 19.6 Billion in 2023 and is projected to reach USD 30.8 Billion by 2030, growing at a Compound Annual Growth Rate (CAGR) of 6.7% during the forecast period (2024–2030). This robust growth is being driven by the unprecedented demand for lithium-ion batteries from the electric vehicle revolution, expansion in steel and refractory industries, and the accelerating adoption of graphite in advanced electronics and energy storage solutions.

As the global economy pivots toward electrification and sustainable materials, the spotlight is on the key producers who are securing supply chains, driving innovation in purification and processing, and scaling production to meet the demands of a decarbonizing world. In this blog, we profile the Top 10 Companies in the Natural and Synthetic Graphite Industry—a mix of established carbon specialists, mining giants, and regional leaders shaping the future of this critical material.

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🔟 1. GrafTech International Ltd.

Headquarters: Brooklyn Heights, Ohio, USA
Key Offering: Synthetic Graphite Electrodes, Needle Coke

GrafTech International is a leading global manufacturer of high-quality synthetic graphite electrodes essential for electric arc furnace steel production. With over 130 years of experience, the company operates a highly integrated manufacturing process, controlling its supply of needle coke, a critical raw material. Their products are vital for the efficient and cost-effective production of steel, a cornerstone of modern infrastructure.

Strategic Initiatives:

• Vertically integrated production from needle coke to finished electrodes

• Focus on operational efficiency and cost leadership in a competitive market

• Strategic customer relationships with major steel producers worldwide

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9️⃣ 2. Tokai Carbon Co., Ltd.

Headquarters: Tokyo, Japan
Key Offering: Synthetic Graphite Electrodes, Carbon Black, Fine Carbon

Tokai Carbon is a major Japanese chemical company with a significant global footprint in carbon products. It is one of the world’s largest producers of synthetic graphite electrodes and carbon black. The company leverages its technological expertise to serve diverse industries, including steelmaking, aluminum production, and electronics, with a strong focus on the Asian market.

Strategic Initiatives:

• Expansion of electrode production capacity to meet global steel demand

• Diversification into advanced carbon materials for new applications

• Commitment to R&D for improving product quality and environmental performance

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8️⃣ 3. SGL Carbon

Headquarters: Wiesbaden, Germany
Key Offering: Synthetic Graphite, Carbon Fibers, Composite Materials

SGL Carbon is a European technology leader in the development and production of carbon-based solutions. The company’s graphite materials division produces a wide range of synthetic graphite for applications in semiconductors, photovoltaics, and Li-ion battery anodes. Their expertise in high-purity, custom-designed graphite components makes them a key partner for high-tech industries.

Strategic Initiatives:

• Strategic pivot towards growth markets like battery materials and semiconductors

• Investment in expanding graphite anode production for the EV battery sector

• Focus on sustainability and developing circular economy solutions for carbon products

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7️⃣ 4. Showa Denko K.K. (now Resonac Holdings Corporation)

Headquarters: Tokyo, Japan
Key Offering: Synthetic Graphite Powders, Battery Anode Materials

Following its merger to form Resonac Holdings, Showa Denko’s graphite business remains a powerhouse in advanced carbon materials. The company is a leading supplier of high-purity synthetic graphite powders used as anode material in lithium-ion batteries. Their materials are known for high capacity and long cycle life, making them a preferred choice for premium battery manufacturers.

Strategic Initiatives:

• Significant capacity expansion for graphite anode materials to serve the EV market

• Development of next-generation anode technologies, including silicon-carbon composites

• Integration within Resonac to create a stronger electronic materials portfolio

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6️⃣ 5. BTR New Material Group Inc.

Headquarters: Shenzhen, China
Key Offering: Lithium-ion Battery Anode Materials (Natural & Synthetic Graphite)

BTR is a dominant global player in the lithium-ion battery materials market and is one of the world’s largest suppliers of anode materials. The company produces both natural and synthetic graphite anodes, catering to the massive battery production ecosystem in China and internationally. Their scale and integration provide a significant competitive advantage.

Strategic Initiatives:

• Massive scale production to meet the explosive demand from the EV battery industry

• Continuous R&D to improve the energy density and fast-charging capabilities of anodes

• Global expansion of production facilities to secure supply chains

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5️⃣ 6. Lianyungang Jinli Carbon Co., Ltd.

Headquarters: Lianyungang, Jiangsu, China
Key Offering: Graphite Electrodes, Needle Coke, Special Carbon Products

Jinli Carbon is a significant Chinese manufacturer of graphite electrodes and other carbon products. The company has grown substantially alongside China’s steel industry and is a key domestic supplier. It also produces needle coke, giving it a degree of vertical integration in the synthetic graphite supply chain.

Strategic Initiatives:

• Expansion of production capacity to serve the robust domestic steel market

• Investment in high-capacity, energy-efficient graphitization furnaces

• Development of specialized graphite products for niche industrial applications

Download FREE Sample Report: Global Natural and Synthetic Graphite Market – View in Detailed Research Report

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4️⃣ 7. Nacional de Grafite

Headquarters: Itapecerica, Minas Gerais, Brazil
Key Offering: High-Purity Crystalline Natural Graphite

Nacional de Grafite is a leading Brazilian mining company and a major global supplier of high-quality crystalline natural graphite. The company’s operations include mining, beneficiation, and micronization, producing graphite for refractory, expandable, and battery applications. Its high-quality reserves position it as a key supplier outside of the dominant China-centric supply chain.

Strategic Initiatives:

• Focus on producing high-purity, value-added graphite products for export markets

• Exploration and development of new graphite resources in Brazil

• Strategic positioning as a reliable, non-Chinese source of natural graphite for Western markets

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3️⃣ 8. Imerys Graphite & Carbon

Headquarters: Paris, France
Key Offering: Synthetic and Natural Graphite for Industrial Applications

Imerys Graphite & Carbon, part of the larger Imerys Group, is a leading supplier of carbon-based solutions in Europe and globally. The company provides a wide range of synthetic and natural graphite products for use in refractory, conductive, and lubricant applications, serving industries from metallurgy to chemicals.

Strategic Initiatives:

• Leveraging the technical expertise and global reach of the Imerys Group

• Development of customized graphite solutions for specific customer needs

• Focus on sustainable and responsible sourcing of raw materials

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2️⃣ 9. Syrah Resources Limited

Headquarters: Melbourne, Australia
Key Offering: Natural Flake Graphite from the Balama Project

Syrah Resources is an ASX-listed company that operates the Balama graphite project in Mozambique, one of the largest known natural graphite deposits in the world. The company is focused on becoming a leading global supplier of natural graphite products, particularly for the lithium-ion battery anode market, and is also developing a downstream active anode material (AAM) facility in the United States.

Strategic Initiatives:

• Large-scale production from the world-class Balama graphite mine

• Vertical integration strategy with the development of the Vidalia AAM facility in Louisiana, USA

• Strategic partnerships with major battery and automobile manufacturers to secure offtake agreements

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1️⃣ 10. Northern Graphite Corporation

Headquarters: Ottawa, Canada
Key Offering: Natural Graphite from North American Mines

Northern Graphite is a leading North American-focused graphite producer, aiming to become a reliable source of battery-grade graphite for the Western electric vehicle and energy storage supply chains. The company owns the Lac des Iles mine in Quebec and is advancing the Bissett Creek project in Ontario, positioning itself to benefit from the region’s critical minerals strategy.

Strategic Initiatives:

• Consolidation of graphite assets in North America to build scale and operational synergies

• Development of downstream processing capabilities to produce battery anode material

• Capitalizing on government incentives for North American critical mineral production and EV supply chain security

Get Full Report Here: Global Natural and Synthetic Graphite Market – View in Detailed Research Report

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🌍 Outlook: The Future of Graphite is Electric and Strategic

The natural and synthetic graphite market is undergoing a fundamental transformation. While traditional industrial applications continue to provide a stable demand base, the industry is being reshaped by massive investments aimed at securing the graphite supply for the global energy transition. The focus is on scaling production, enhancing sustainability, and developing next-generation materials for more powerful and efficient batteries.

📈 Key Trends Shaping the Market:

• Rapid expansion of synthetic graphite anode production capacity, particularly in China and emerging hubs in Europe and North America.

• Strategic push for supply chain diversification away from geographic concentration, driven by energy security concerns.

• Technological innovation in purification and spheronization to produce cost-competitive, battery-grade natural graphite.

• Growing emphasis on ESG (Environmental, Social, and Governance) standards in graphite mining and processing.

Get Full Report Here: Global Natural and Synthetic Graphite Market – View in Detailed Research Report

The companies listed above are not only supplying a critical industrial material—they are actively enabling the electrification of transport and the future of energy storage.