According to the new market research report ‘Graphite Global Market Report 2021: COVID-19 Impact And Recovery’ published by The Business Research Company, the graphite market size is expected to grow from $0.4 billion in 2020 to $0.45 billion in 2021 at a compound annual growth rate (CAGR) of 12.5%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $0.6 billion in 2025 at a CAGR of 7%.

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