“Growing Demand for Electric Vehicle (EV) Batteries”
A key trend driving the growth of the micronized graphite powder market is the increasing demand for electric vehicle (EV) batteries. Graphite is a crucial component in lithium-ion batteries used in EVs, and as the EV market expands, the need for high-quality, micronized graphite powder also rises. Micronized graphite provides enhanced conductivity, which is essential for battery efficiency and longevity. Companies like Syrah Resources and National Graphite Corp. are ramping up production to meet this demand, with Syrah opening a plant dedicated to graphite production for EV batteries. This trend is expected to continue fueling growth in the micronized graphite powder market as global EV adoption accelerates.
