Graphite Market Size was valued at USD 15.9 billion in 2022.

July 6, 2023 ⚊ 1 Min read ⚊ Views 33 ⚊ BLOG

Market CAGR for the graphite market is driven by the rising demand for graphite in various industries. Graphite is widely used in the steel industry as a refractory material due to its high melting point and chemical inertness. It is used in the production of steel and in the manufacture of electrodes used in electric arc furnaces. The increasing demand for steel, particularly in developing countries, is expected to drive the demand for graphite in the steel industry.

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Tags: Graphite Market

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