The global Graphite market is projected to reach USD 29.05 Billion by 2022,
at a CAGR of 5.2% driven by a growing demand for lithium-ion batteries, fuel cells, wind energy, etc

Spherical graphite’ for use in lithium-ion batteries, driven by:
Accelerating demand for electric vehicles (EV) – reaching 6m in 2020F (vs c. 800k in 2015)

Growing renewable energy take-up driving  utility power storage market:
California – 50% clean energy target by 2020;  Germany 45%