North America Graphite Market Analysis, Strategic Assessment, Trend Outlook 2031


The North America Graphite Market size is expected to reach US$ 2.98 billion by 2031 from US$ 1.28 billion in 2024. The market is estimated to record a CAGR of 12.9 % from 2024 to 2031.

Executive Summary and North America Graphite Market Analysis

Graphite plays a vital role in emerging technologies such as renewable energy storage, electric vehicle (EV) batteries, and sustainable electronics. As the world transitions toward clean energy and widespread electrification, demand for graphite is rising sharply due to its essential function in lithium-ion batteries that power EVs and store renewable energy. According to the Alliance for Automotive Innovation, North America produced 16.1 million vehicles in 2024. Meanwhile, battery-electric vehicle (BEV) adoption continues to accelerate in the region, with the U.S. recording BEV sales representing approximately 18% of all vehicle registrations in 2023—a notable increase from just 14% in 2020, as reported by the International Energy Agency (IEA).

North America Graphite Market Outlook

Amid growing geopolitical concerns and the need for sustainable and secure supply chains, countries across North America are increasing their investments in domestic graphite production. A key development includes Graphite One Inc., a Canadian company leading a flagship graphite project in Alaska. In October 2024, the company secured a potential US$325 million loan from the Export-Import Bank of the United States (EXIM) to finance the development of a vertically integrated graphite production operation. This project aims to mine, process, and supply graphite specifically for EV battery production in the U.S., helping to reduce dependency on foreign sources, particularly China.

Canada also plays a growing role in the global graphite market. According to Natural Resources Canada, the country produced 4,261 tons of natural graphite in 2023, ranking 11th globally. With a 23% year-over-year increase in global graphite production since 2022, Canada’s position is strengthening. In 2023, Canada exported US$18 million in natural graphite and US$14 million in synthetic graphite, with the United States being its largest export partner. With abundant natural reserves and a well-developed mining infrastructure, Canada is well-positioned to become a key supplier of graphite for EVs, energy storage systems, and advanced manufacturing applications.

North America Graphite Market – Country Insights

The North America Graphite Market is segmented by country into the United States, Canada, and Mexico, with the U.S. holding the largest market share in 2024.

The U.S. graphite sector is undergoing a transformation as both domestic and foreign companies ramp up production and processing capacity to meet surging demand from the EV industry. Recognizing graphite’s strategic importance, the U.S. government has prioritized initiatives to secure a stable and sustainable supply. In September 2024, U.S.-based graphite processor Urbix received a US$125 million federal loan to develop a new processing facility, underscoring governmental efforts to boost domestic supply chains.

Additionally, the U.S. extended a US$150 million loan to a graphite mining operation in Mozambique to strengthen global graphite supply for U.S. industries. This international investment complements domestic initiatives and reinforces the country’s commitment to diversifying and stabilizing its graphite sources.

North America Graphite Market Segments Covered

North America Graphite Market By Type

  • Natural
  • Synthetic

North America Graphite Market By Form

  • Powder
  • Flake
  • Granules
  • Electrode

North America Graphite Market By Application

  • Batteries
  • Lubricants
  • Refractories
  • Friction Products
  • Electrodes

North America Graphite Market Regions and Countries Covered

North America

  • US
  • Canada
  • Mexico

North America Graphite Market leaders and key company profiles

  • SGL Carbon
  • Imerys Graphite & Carbon
  • EuroGraphite
  • Graphite India Ltd.
  • Graphit Kropfmühl GmbH
  • China Graphite Group Limited
  • Ceylon Graphite Corp
  • Graphite Central
  • Nanjing GRF Carbon Material Co Ltd

Other Reports:

Asia Pacific Permanent Magnet Market: https://postyourarticle.com/asia-pacific-permanent-magnet-market-competitive-landscape-size-segments-2031/ 

Nordic Permanent Magnet Market: https://businessnews46.wordpress.com/2025/05/05/nordic-permanent-magnet-market-current-status-by-major-key-vendors-2031/

GCC Permanent Magnet Market: https://www.findit.com/bxzmqbokeeacpdc/RightNow/gcc-permanent-magnet-market-trends-size-segment-ands/9762bdb5-bbe5-4d1e-83d2-c1888764fbee 

ASEAN Graphite Market: https://penzu.com/p/bfac71de5d03924b 

Europe Pharmaceutical Continuous Manufacturing Market: https://business-news-insights.blogspot.com/2025/05/europe-pharmaceutical-continuous.html 

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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