The Global Spheroidized Graphite Market was valued at USD 2.85 Billion in 2023 and is projected to reach USD 4.52 Billion by 2030, growing at a Compound Annual Growth Rate (CAGR) of 6.8% during the forecast period (2024–2030). This robust growth is driven by the surging demand from the electric vehicle (EV) battery sector, advancements in metallurgical processes, and the expanding applications of high-performance graphite in aerospace and industrial manufacturing.

As industries worldwide prioritize lightweight materials and superior conductivity, spheroidized graphite has emerged as a critical component, particularly in the production of ductile iron and lithium-ion battery anodes. This specialized form of graphite, characterized by its spherical particle morphology, enhances the mechanical properties and performance of end-products. In this blog, we profile the Top 10 Companies in the Spheroidized Graphite Industry—a group of material science innovators and established producers shaping the future of advanced materials.

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🔟 1. Imerys Graphite & Carbon

Headquarters: Paris, France
Key Offering: High-Purity Spheroidized Graphite, Coated Spheroidal Graphite

Imerys is a global leader in mineral-based specialties, with a significant footprint in the graphite market. Their spheroidized graphite products are essential for producing high-strength ductile iron and serve as a key anode material for lithium-ion batteries, benefiting from Imerys’s extensive mining and processing expertise.

Innovation and Market Focus:

• Focus on high-purity graphite for battery applications
• Investment in sustainable mining and processing technologies
• Strategic partnerships with automotive and battery manufacturers

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9️⃣ 2. Superior Graphite Co.

Headquarters: Chicago, Illinois, USA
Key Offering: Purified Spheroidized Graphite, CPS® (Chemically Purified Spheroidized) Graphite

Superior Graphite Co. specializes in thermal purification and spheroidization processes, producing high-carbon, low-ash graphite. Their proprietary CPS® graphite is widely used in advanced battery systems and metallurgical applications, known for its consistency and performance.

Innovation and Market Focus:

• Proprietary thermal purification technology
• Strong focus on the North American EV battery supply chain
• Customized graphite solutions for specific customer requirements

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8️⃣ 3. Asbury Carbons

Headquarters: Asbury, New Jersey, USA
Key Offering: Natural and Synthetic Spheroidized Graphite, Graphite Powders

As one of the world’s largest carbon and graphite suppliers, Asbury Carbons offers a comprehensive range of spheroidized graphite products. The company serves diverse industries, including foundries, refractories, and the burgeoning battery sector, with a focus on quality and reliability.

Innovation and Market Focus:

• Global sourcing and distribution network
• Technical support for material selection and application
• Expansion into battery-grade graphite markets

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7️⃣ 4. GrafTech International Ltd.

Headquarters: Brooklyn Heights, Ohio, USA
Key Offering: Engineered Graphite Solutions, Spheroidized Graphite for EAF Electrodes

GrafTech is a leading manufacturer of graphite electrodes for electric arc furnace steelmaking and has extended its expertise into specialized graphite products. Their spheroidized graphite is valued for its uniformity and high performance in demanding industrial applications.

Innovation and Market Focus:

• Vertically integrated production from raw material to finished product
• R&D focused on enhancing graphite properties for new applications
• Commitment to operational efficiency and cost-effectiveness

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6️⃣ 5. SEC Carbon, Ltd.

Headquarters: Kobe, Japan
Key Offering: High-Quality Spheroidized Graphite, Carbon Products for Industrial Use

SEC Carbon is a major Japanese producer of carbon and graphite products, with a strong presence in the Asian market. The company supplies spheroidized graphite to the region’s extensive automotive and electronics industries, emphasizing precision and high purity.

Innovation and Market Focus:

• Leading supplier to Japanese and South Korean battery makers
• Advanced quality control systems ensuring product consistency
• Development of graphite for next-generation battery technologies

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5️⃣ 6. Toyota Tsusho Corporation

Headquarters: Nagoya, Japan
Key Offering: Battery Materials, Spheroidized Graphite Anode Materials

As a key trading and investment arm of the Toyota Group, Toyota Tsusho plays a pivotal role in the EV supply chain. The company is actively involved in securing and processing spheroidized graphite for lithium-ion batteries, leveraging its global network and strategic partnerships.

Innovation and Market Focus:

• Strategic investments in graphite mining and processing projects
• Integration into the automotive OEM supply chain
• Focus on sustainable and ethically sourced raw materials

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4️⃣ 7. Liaoning Xinde Graphite Material Co., Ltd.

Headquarters: Liaoning, China
Key Offering: Spheroidized Graphite, Expanded Graphite, Micronized Graphite

As a prominent Chinese manufacturer, Liaoning Xinde specializes in the processing of natural flake graphite into high-value products. The company is a significant supplier of spheroidized graphite to both domestic and international markets, capitalizing on China’s dominant position in the graphite industry.

Innovation and Market Focus:

• Cost-competitive production leveraging local graphite resources
• Expansion of capacity to meet growing global demand
• Focus on improving spheroidization yield and product quality

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3️⃣ 8. SGL Carbon

Headquarters: Wiesbaden, Germany
Key Offering: Specialty Graphites, SIGRACELL® Spheroidized Graphite

SGL Carbon is a global technology company producing a wide array of carbon-based products. Their SIGRACELL® brand includes spheroidized graphite powders designed for high-performance applications in batteries, composites, and other advanced materials.

Innovation and Market Focus:

• Strong R&D capabilities in carbon material science
• Strategic focus on growth sectors like e-mobility and renewables
• Custom-developed solutions for specific technical challenges

Download FREE Sample Report:
Spheroidized Graphite Market – View in Detailed Research Report

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2️⃣ 9. Syrah Resources Limited

Headquarters: Melbourne, Australia
Key Offering: Natural Flake Graphite, Spheroidized Graphite (Battery Anode Material)

Syrah Resources operates the Balama graphite project in Mozambique, one of the largest natural graphite deposits globally. The company is vertically integrating into the production of spheroidized graphite, specifically targeting the lithium-ion battery anode market with its Vidalia facility in the United States.

Innovation and Market Focus:

• Large-scale, high-purity natural graphite resource
• Strategic positioning to supply the US and European EV markets
• Active product qualification with major battery manufacturers

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1️⃣ 10. Showa Denko K.K. (now Resonac Holdings Corporation)

Headquarters: Tokyo, Japan
Key Offering: CARBOTRON® Spheroidized Graphite, Battery Materials

As a leading Japanese chemical company, Showa Denko (now part of Resonac) produces high-quality spheroidized graphite under the CARBOTRON® brand. The material is a critical component for high-end ductile iron and is increasingly used in premium battery applications due to its excellent conductivity and durability.

Innovation and Market Focus:

• Long-standing reputation for high-purity chemical products
• Strong R&D focus on material performance enhancement
• Key supplier to the Japanese automotive and electronics industries

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Spheroidized Graphite Market – View in Detailed Research Report

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🌍 Outlook: The Future of Spheroidized Graphite is High-Tech and High-Growth

The spheroidized graphite market is undergoing a significant transformation, shifting from a traditional industrial material to a cornerstone of the clean energy transition. While metallurgical applications continue to dominate volume, the industry is witnessing unprecedented investment driven by the global push for electrification.

📈 Key Trends Shaping the Market:

• Exponential demand growth from the lithium-ion battery sector for EVs and energy storage
• Advancements in spheroidization technology improving efficiency and reducing costs
• Increasing emphasis on supply chain security and localized production outside of China
• Development of synthetic graphite alternatives to meet purity and sustainability standards

Read Full Report:
Spheroidized Graphite Market – View in Detailed Research Report

The companies listed above are not only supplying a critical raw material—they are enabling the technological advancements that define modern manufacturing and the transition to a sustainable, electrified future.