The global graphite market is projected to grow to USD 10.10 billion by 2031, expanding at a 9.91% CAGR from an estimated USD 6.30 billion in 2026, according to a report by Mordor Intelligence. This growth is driven by expanding lithium-ion battery manufacturing, increased electric-arc-furnace steel production, and higher demand for high-purity synthetic graphite in semiconductor applications. The industry is also witnessing new investments outside China to strengthen regional supply chains, while the growing use of LFP batteries continues to support long-term graphite consumption.

The rapid expansion of lithium-ion battery production is creating strong demand for battery-grade graphite. Manufacturers are increasing anode production and investing in regional supply chains to reduce dependence on single-country sourcing. Continued growth in LFP battery adoption is helping sustain graphite demand, even as silicon is gradually adopted in advanced batteries. While silicon-based anodes are lowering the amount of graphite required in some advanced batteries, it is expected to complement rather than replace graphite in the near future as mainstream technologies remain reliant on it.

Market Drivers and Segmentation

The increasing adoption of electric arc furnace steelmaking is boosting the need for graphite electrodes. Steel producers are expanding capacity and upgrading facilities to support lower-emission production, driving demand for high-performance electrodes that improve operational efficiency and reduce energy consumption. The market is segmented by type into natural and synthetic graphite, and by application into electrodes, refractories, casting, foundries, batteries, and lubricants.

Regional Insights and Competitive Landscape

Asia-Pacific remains the leading regional market, supported by its well-established graphite supply chain, strong battery manufacturing base, and expanding electric vehicle production. China continues to dominate production, while Japan, South Korea, and India contribute through semiconductor manufacturing and growing demand from the steel industry. North America is expanding its graphite industry through investments in local mining, anode manufacturing, and battery supply chains, supported by government initiatives and rising EV production.

The graphite market is moderately consolidated, with competition centered on production capacity, product quality, supply chain integration, and long-term customer partnerships. Leading companies are expanding both natural and synthetic graphite production to meet growing demand from battery, steel, semiconductor, and industrial applications. Market participants are investing in processing technologies, regional manufacturing facilities, and sustainable production methods to reduce reliance on single-source supply chains. Key players include Graphit Kropfmühl GmbH, Asbury Carbons, BTR New Material Group Co., Ltd., Fangda Carbon New Material Co., Ltd., GrafTech International Ltd., Graphite India Limited , HEG Limited, Imerys, Mason Resources Inc., Mersen, Nippon Kokuen Group, Northern Graphite, POCO, Resonac Holdings Corporation, SGL Carbon, Shanghai Shanshan Technology Co., Ltd., Syrah Resources Limited, Tokai Carbon Co., Ltd., and Triton Minerals Limited.

Graphite India Limited has fixed Monday, July 20, 2026, as the record date to determine the eligibility of members entitled to receive a dividend for the financial year ended March 31, 2026, subject to approval at the upcoming Annual General Meeting (AGM). The company announced that its 51st AGM will be held on Tuesday, August 4, 2026, at 10:45 a.m. IST through Video Conferencing (VC) or Other Audio Visual Means (OAVM).

To facilitate shareholder participation, the company has established Friday, July 28, 2026, as the cut-off date to determine eligibility for voting. Members whose names appear in the register of members or the statement of beneficial owners maintained by depositories as of July 28, 2026, will be entitled to vote via remote e-voting or at the AGM. The remote e-voting period commences on Saturday, August 1, 2026, at 9:00 a.m. IST and concludes on Monday, August 3, 2026, at 5:00 p.m. IST.

Key Dates and Events

The company has specified that dividends will be paid through electronic mode only to members holding shares in physical form if the folio is KYC compliant. A folio is considered KYC compliant upon registration of full address, mobile number, email ID, bank details, and a valid PAN linked to Aadhaar for all holders. To avoid delays in receiving dividends, shareholders are requested to update their KYC and bank details with their Depository Participants for demat shares or with MUFG Intime India Private Limited for physical shares.

Compliance and Documentation

Pursuant to the Income-tax Act, 1925, dividend income is taxable in the hands of shareholders, and the company is required to deduct tax at source (TDS) at prescribed rates. The TDS rate will vary based on the residential status of shareholders and the documents submitted. To enable compliance, members must complete or update their residential status, PAN, and category details by uploading documents to the specified portal by 11:59 p.m. IST on July 25, 2026.

The Notice of the AGM and the Annual Report 2025-26 were sent electronically on July 8, 2026, to members with registered email addresses. Those without registered emails received a letter with a web-link to access the report. The documents are also available on the company’s website and the websites of BSE Limited and National Stock Exchange of India Limited.