The forecasted natural graphite consumption in the US from 2024 to 2028 shows a declining trend, starting from 18.04 thousand metric tons in 2024 to 12.63 thousand metric tons by 2028. This represents a compound annual growth rate (CAGR) of approximately -9.28% from 2024 to 2028. By 2023, the consumption was notably higher, highlighting a consistent year-on-year decrease in usage.
Future trends to watch for include:
- The impact of technological advancements in synthetic graphite on reducing natural graphite demand.
- Policy changes encouraging the use of more sustainable materials which might further decrease natural graphite use.
- Potential shifts in the electric vehicle market, as graphite is a critical component in battery production.
