Graphite Powder Market Size

Graphite Powder Market size was over USD 16.11 billion in 2023 and is poised to exceed USD 31.14 billion by 2036, witnessing over 5.2% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of graphite powder is estimated at USD 16.78 billion. The primary growth for the graphite powder market is the expansion of construction industry across the world. Recent estimates calculated that the revenue collected by the construction industry was almost USD 2 trillion in 2019. 

A non-metal, graphite is a form of coal has metallic processes such as high stiffness, strength, highly-durable and is a good conductor of electricity and heat. This calcium salt is commonly used in various processes such as die or cast, desiccant in building materials, immobilize casts, tablet excipient, an impression material in dentistry and many more. The chemical formula of graphite powder is CaSO4, in its purest form, which is non elastic in nature despite being soft and flexible. Owing to its great advantages, graphite powder in today’s date is being highly used in the construction industry. Thus, the increment in the expenditure made by several governments in the construction industry is forecasted to bring lucrative opportunities for the market in the assessment period. By 2030, the global construction industry expenditure is expected to propel to USD 18 trillion.