GCC Graphite Market Report (2021-2031) by Scope, Segmentation, Dynamics, and Competitive Analysis
No. of Pages: 150 | Report Code: BMIRE00031227 | Category: Chemicals and Materials
No. of Pages: 150 | Report Code: BMIRE00031227 | Category: Chemicals and Materials
The Graphite Market size is expected to reach US$ 1105.96 million by 2031 from US$ 526.54 million in 2024. The market is estimated to record a CAGR of 11.4% from 2025 to 2031.
The GCC graphite market is expanding due to its growing applications in various industries, such as lubricants, batteries, refractories, and friction products. Graphite is highly valued for its unique properties, including high conductivity, thermal stability, and lubricating ability, making it an essential material in the region. In the lubricant industry, graphite is used as a solid lubricant in high-performance applications, such as automotive, aerospace, and heavy machinery, due to its ability to reduce friction and handle high temperatures. The GCC's robust oil and gas sector further amplifies the demand for advanced lubricants. Additionally, graphite is a vital component in lithium-ion batteries, particularly for electric vehicles (EVs) and energy storage. With the GCC's growing investment in green energy and sustainable technologies, the demand for graphite in battery production continues to rise.
Key segments that contributed to the derivation of the graphite market analysis are type, form, and application.
Graphite also plays an essential role in refractories and friction products. In refractories, it is used for its heat resistance and durability in steelmaking, cement manufacturing, and glass production industries, among others. Similarly, graphite is used in brake linings and pads for its ability to withstand heat and reduce wear. Thus, the flourishing industrial and automotive sectors propel the need for graphite in the GCC.
Based on region, the GCC graphite market is further segmented into the UAE, Bahrain, Saudi Arabia, Iraq, Qatar, and Oman. GCC held the largest share in 2024.
The Saudi Arabia graphite market is poised for significant growth, driven by the country's ambitious plans to diversify its economy. With a focus on localizing production and reducing reliance on imports, the Saudi government has actively encouraged investments in the graphite sector. For instance, in June 2024, NextSource Materials recently announced plans to build a graphite plant valued at US$ 280 million, leveraging Saudi Arabia's competitive advantages in energy and infrastructure costs. As the demand for graphite, a key component in electric vehicle batteries and renewable energy systems, continues to rise, the country focuses on capitalizing on this trend by establishing itself as a major graphite producer in the Middle East.
| Report Attribute | Details |
|---|---|
| Market size in 2024 | US$ 526.54 Million |
| Market Size by 2031 | US$ 1105.96 Million |
| Global CAGR (2025 - 2031) | 11.4% |
| Historical Data | 2022-2023 |
| Forecast period | 2025-2031 |
| Segments Covered |
By Type
|
| Regions and Countries Covered | GCC
|
GES Europe GmbH, Graphit Kropfmühl GmbH, Pingdingshan Wanhui Graphite Co Ltd, China Graphite Group Limited, Leading Edge Materials Corp, SGL Carbon SE, Ceylon Graphite Corp, Imerys SA, Graphite Central, and Nanjing GRF Carbon Material Co Ltd are among the key players operating in the market. These players adopt strategies such as expansion, product innovation, and mergers and acquisitions to stay competitive in the market and offer innovative products to their consumers.
The following methodology has been followed for the collection and analysis of data presented in this report:
The research process begins with comprehensive secondary research, utilizing both internal and external sources to gather qualitative and quantitative data for each market. Commonly referenced secondary research sources include, but are not limited to:
Note:
All financial data included in the Company Profiles section has been standardized to US$. For companies reporting in other currencies, figures have been converted to US$ using the relevant exchange rates for the corresponding year.
The Insight Partners conducts a significant number of primary interviews each year with industry stakeholders and experts to validate and analyze the data and gain valuable insights. These research interviews are designed to:
Primary research is conducted via email interactions and telephone interviews with industry experts across various markets, categories, segments, and sub-segments in different regions. Participants typically include:
The GCC Graphite Market is valued at US$ 526.54 Million in 2024, it is projected to reach US$ 1105.96 Million by 2031.
As per our report GCC Graphite Market, the market size is valued at US$ 526.54 Million in 2024, projecting it to reach US$ 1105.96 Million by 2031. This translates to a CAGR of approximately 11.4% during the forecast period.
The GCC Graphite Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the GCC Graphite Market report:
The GCC Graphite Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The GCC Graphite Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the GCC Graphite Market value chain can benefit from the information contained in a comprehensive market report.
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