ASEAN Graphite Market Top Companies, Regional Growth Overview 2031

 The ASEAN Graphite Market size is expected to reach US$ 1,395.06 million by 2031 from US$ 846.74 million in 2024. The market is estimated to record a CAGR of 6.4 % from 2024 to 2031.


Executive Summary and ASEAN Graphite Market Analysis

The ASEAN graphite market is experiencing significant growth, driven by increasing demand across various applications, including batteries, lubricants, refractories, and friction products. ASEAN countries, with their robust industrial base and technological advancements, have emerged as key players in global graphite production and consumption. The surge in demand for high-quality graphite, particularly for lithium-ion batteries in electric vehicles (EVs) and energy storage systems, is fueling this expansion. Graphite’s unique properties, such as high thermal conductivity and resistance to wear, make it an essential material in the automotive, electronics, and manufacturing industries.

ASEAN Graphite Market Segmentation

By Type:

  • Natural
  • Synthetic

By Form:

  • Powder
  • Flake
  • Granules
  • Electrode

By Application:

  • Batteries
  • Lubricants
  • Refractories
  • Friction Products
  • Electrodes

ASEAN Graphite Market Key Players

Leading companies operating in the ASEAN graphite market include

  1. GES Europe GmbH
  2. Graphit Kropfmühl GmbH
  3. Pingdingshan Wanhui Graphite Co., Ltd.
  4. China Graphite Group Limited
  5. Leading Edge Materials Corp
  6. SGL Carbon SE
  7. Ceylon Graphite Corp
  8. Imerys SA
  9. Graphite Central
  10. Nanjing GRF Carbon Material Co., Ltd.

These key players adopt strategies such as expansion, product innovation, and mergers and acquisitions to maintain a competitive edge and offer advanced graphite solutions to consumers.

ASEAN Graphite Market Outlook

The ASEAN graphite market is poised for substantial growth, driven by the increasing emphasis on sustainable and eco-friendly practices across various sectors. In November 2024, Malaysian company Graphjet Technology launched the first commercial-scale green graphite facility in Subang District. This facility utilizes palm kernel shells, an abundant agricultural byproduct, to produce battery-grade graphite. With the capacity to recycle up to 9,000 metric tons of shells annually, it can generate approximately 3,000 metric tons of graphite per year—sufficient to support battery production for around 40,000 EVs annually. Malaysia’s ample biomass waste from palm oil production presents a significant opportunity for innovation and market expansion.

Thailand’s graphite market is driven by its demand in various industrial applications, including batteries, lubricants, and construction materials. As the global focus on sustainable and high-performance materials intensifies, Malaysia has positioned itself as a key contributor to the graphite supply chain, attracting investments and fostering advancements in extraction and processing methods. Environmental regulations and graphite recycling are also shaping the market, encouraging local producers to adopt sustainable practices. Malaysia is strategically enhancing its graphite sector by integrating innovative technologies and eco-friendly solutions.

ASEAN Graphite Market Country Insights

The ASEAN graphite market is segmented into Indonesia, Malaysia, the Philippines, Singapore, Thailand, and Vietnam, with Indonesia holding the largest market share in 2024.

Indonesia’s graphite market has seen substantial growth, largely due to the increasing demand for lithium-ion batteries used in EVs and mobile devices. The Indonesian government’s commitment to becoming a major global player in the EV market is expected to drive further demand for graphite. Additionally, the rising need for graphite in refractories, foundries, and lubricants is further propelling market expansion.

Other Reports:

Europe Security Advisory Services Market: https://business-news-insights.blogspot.com/2025/03/europe-security-advisory-services.html 

Europe POS Software Market: https://sites.google.com/view/europepossoftwaremarket/home 

Europe Pharmaceutical Drug Delivery Market: https://www.quora.com/profile/Business-Market-Insights-1/Europe-Pharmaceutical-Drug-Delivery-Market-Analysis-by-Opportunities-Size-Share-Growth-Factors-2027-The-Europe-Pharm 

Europe Nuclear Decommissioning Service Market: https://penzu.com/p/e65497589f09e41d 

Europe Liquid Biopsy Market: https://postyourarticle.com/europe-liquid-biopsy-market-size-status-and-forecast-2019-2027/ 

Europe Pharmaceutical Continuous Manufacturing Market: https://flokii.com/-BusinesMarketInsights 

About Us:

Business Market Insights is a market research platform that provides subscription service for industry and company reports. Our research team has extensive professional expertise in domains such as Electronics & Semiconductor; Aerospace & Defense; Automotive & Transportation; Energy & Power; Healthcare; Manufacturing & Construction; Food & Beverages; Chemicals & Materials; and Technology, Media, & Telecommunications.

Author’s Bio:

Suryakant Gadekar

Senior Market Research Expert at Business Market Insights

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