Graphite Powder Market Share

APAC Market Insights

The Asia Pacific in the graphite powder market is anticipated to hold the largest share of 58.2% by the end of 2035. The market’s upliftment in the region is highly attributed to the presence of an integrated and complete supply chain, which caters to raw material extraction to end use EV manufacturing and lithium-ion battery gigafactories. Besides, the explosive growth in consumer electronics and electric mobility, readily backed up by robust national policies across the overall region, is also bolstering the market. According to a report published by the Asia Business Council Organization in April 2024, China’s share of global manufacturing value-added soared to 28.7% as of 2023 from 26.3% in 2020. Additionally, the country increased its manufacturing share to almost 30% despite its surging labor expenses, and also continued to lead in labor-based manufacturing, thus ensuring the market’s growth in the overall region.

China in the graphite powder market is growing significantly, owing to the presence of a state-driven and vertical integration industrial policy. The Ministry of Industry and Information Technology (MIIT) also continues to readily enforce technological guidelines that majorly favor advanced and larger material and battery producers. Besides, the country’s domination over the market has increased with the Ministry of Natural Resources over-observing domestic graphite mining operations, and expanding downstream through organizations, such as Shanshan Technology and BTR New Material. As per an article published by the CSIS Organization in October 2023, the country is considered the world’s most efficient graphite producer, significantly exporting and refining over 90% of international graphite, thus suitable enough to uplift the market’s growth and expansion.

India in the graphite powder market is also growing due to the government’s strong push to readily localize the overall EV and battery ecosystem under the National Mission on Transformative Mobility and Battery Storage, as well as the Made in India approach. In addition, the Production Linked Incentive (PLI) scheme for Advanced Chemistry Cell (ACC) battery storage is also the cornerstone for the market, which has significantly attracted generous investments from players, such as Ola Electric and Reliance Industries. As stated in the September 2025 PIB Government report, the National Critical Mineral Mission (NCMM) has targeted 1,000 patents by the end of 2030 by providing a ₹1,500 crore incentive scheme for bolstering the recycling capacity for critical minerals. Meanwhile, the continuous graphite import and export is also responsible for boosting the market in the country and the overall region.

2023 Graphite Export and Import in China and Other Asia-Based Countries

Source: OEC

Europe Market Insights

Europe in the graphite powder market is expected to emerge as the fastest-growing region during the forecast duration. The market’s development in the region is highly fueled by the strategic push for a sustainable and sovereign battery ecosystem, which operates under the Critical Raw Materials Act (CRMA) and the Europe Green Deal approach. Besides, the market’s demand in the region is overwhelming, which is propelled by an increase in the expansion of renewable energy and electric vehicle storage industries. In addition, the vertical supply chain integration, along with generous investments in giga factories for battery cell production, has created a strong pull for localized anode material suppliers. As stated in the 2025 Transport Environment Organization report, the region caters to 49% giga factory capacity. In addition, this capacity comprises 27% of investment from China, followed by 13% from South Korea, 8% from the U.S., and 3% from Taiwan, thus proliferating the market in the region.

The graphite powder market in Germany is gaining increased traction, owing to the automotive powerhouse, along with its successful pivot towards electric mobility. Additionally, the government’s future investment program proactively funds the transition, which includes the Federal Ministry for Economic Affairs and Climate Action offering direct backup for giga factory projects, such as the CATL and multiple Northvolt, facilitating the overall country. According to a report published by the ITA in November 2024, the automotive sector in the nation supports almost 780,000 employment opportunities, and has generated USD 611 billion in overall sales as of 2023, denoting more than an 11% increase since 2022. This comprises motor vehicles with USD 496.3 million in sales, USD 15.7 million in sales for trailers, along with USD 99.8 million for accessories and other parts, thus driving the market’s demand.

The graphite powder market in Poland is also developing due to the strategic transformation into the Battery Valley of the overall region, which has attracted huge foreign direct investment in battery cell manufacturing, owing to its centralized location, skilled workforce, and competitive operating expenses. Besides, the Polish government proactively incentivized projects, such as the Polish Investment and Trade Agency (PAIH), which is also driving the market. Meanwhile, in May 2023, the International Finance Corporation (IFC) partnered with SK Hi-Tech Battery Materials Poland by offering a USD 300 million green financing package. This particular package comprises a USD 200 million loan provided by IFC, as well as an additional USD 30 million from Bank Pekao S.A., and USD 20 million from Intesa Sanpaolo, along with USD 50 million from PKO Bank Polski S.A. Therefore, with such partnership and financing, the market is poised to develop eventually in the country.

North America Market Insights

North America in the graphite powder market is projected to grow steadily by the end of the predicted timeline. The market’s growth in the region is highly driven by the explosive growth in the energy storage system and the electric vehicle supply chain, which is further fueled by robust federal legislation. Besides, the U.S. Inflation Reduction Act (IRA) is regarded as the ultimate cornerstone behind the market’s growth in the region, which has created standard incentives for local production of critical minerals and battery components. For instance, in January 2025, the U.S. Department of Energy (DOE) unveiled a notice of intent for offering almost USD 725.0 million to bolster the regional production of advanced batteries, battery components, and battery critical materials. Therefore, with such generous contributions from administrative bodies, there is a huge growth opportunity for the market to expand in the region.

The U.S. in the graphite powder market is gaining increased exposure, owing to clean energy funding, federal budget allocation, and the availability of programs for advanced manufacturing and environmental sustainability. As per an article published by the Department of Energy in November 2023, for implementing the Advanced Technology Vehicles Manufacturing (ATVM) Loan Program, the Inflation Reduction Act provided approximately USD 40.0 billion loan authority. In addition, the ATVM Loan Program, which was financed by the Syrah Resources Project, features graphite processing in the country. Based on this, it is projected that 25% of the graphite provision will be achieved by the end of 2030. Likewise, the Ultium Project catered to 3 battery manufacturing infrastructures to produce more than 100 gigawatt hours of battery manufacturing capacity, thereby suitable for boosting the overall market.

Canada in the graphite powder market is also growing due to tactical mining development, abundant natural resources endowment, integration into the regional EV battery ecosystem, and the sustainable production and Green Building mandate. As per an article published by the Government of Canada in September 2023, the country’s Critical Minerals Strategy, which is readily backed by USD 4.0 billion in Budget 2022, has set an opportunity for the country to emerge as one of the international suppliers of choice for clean digital technologies as well as critical minerals. Meanwhile, the country significantly produces over 60 minerals and metals, including uranium, aluminum, potash, and nickel, along with a potential ability to supply minerals to both global and domestic markets. Moreover, the aspect of budget commitments has readily covered the critical minerals value chain, denoting a huge growth opportunity for the market in the country.

Canada’s Budget Provision for Critical Minerals Value Chain (2022)

Source: Government of Canada