According to the report, the global graphite industry garnered $14.3 billion in 2019, and is projected to garner $21.6 billion by 2027, witnessing a CAGR of 5.3% from 2020 to 2027. Prime determinants of growth- Rise in demand for lithium-ion batteries and considerable manufacturing of steel through electric arc furnaces (EAF) augment the growth of the global graphite market. …
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