Austin, Aug. 14, 2025 (GLOBE NEWSWIRE) — The global flexible graphite market was valued at USD 331.75 million in 2024 and is projected to reach USD 511.02 million by 2032, growing at a compound annual growth rate (CAGR) of 5.56% from 2025 to 2032.
The growing need for high-performance sealing solutions, thermal management components, and flexible conductive materials across various end-use industries is projected to offer significant growth opportunities to the market worldwide.
Flexible graphite, or expanded graphite, is known for its high thermal conductivity when oxidized and used as a lubricant. These properties provide a material that is necessary for various applications, such as gasket production, heat exchangers, battery electrodes, and retardant additives. In particular, the trend of electric vehicles (EVs) and renewable energy technologies expanding around the world has been creating substantial demand for flexible graphite in battery and fuel cell components.
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The United States dominates regional growth with a market size of USD 66.14 million and is projected to reach a value of USD 100.50 million by 2032 with a market share of about 73%. It is due to the noteworthy modern base yet solid presence from end-use segments, for example, cars, aviation, gadgets, and energy. It is a key marketplace for advanced manufacturing and high-performance engineering applications, including the use of flexible graphite in gaskets, seals, heat management systems, and battery components.
Key Players:
- SGL Carbon
- Toyo Tanso Co., Ltd.
- Mersen
- NeoGraf
- Nippon Carbon Co., Ltd.
- EGC Enterprises Inc.
- Curtiss-Wright Corporation
- Garlock
- Jiangxi Dasen Technology Co., Ltd.
- Klinger AG Egliswil
Flexible Graphite Market Report Scope:
| Report Attributes | Details |
| Market Size in 2024 | USD 331.75 million |
| Market Size by 2032 | USD 511.02 million |
| CAGR | CAGR of 5.56% From 2025 to 2032 |
| Base Year | 2024 |
| Forecast Period | 2025-2032 |
| Historical Data | 2021-2023 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | •By Type (Sheets, Foils, Tapes, and Others) •By Application (Gaskets & Seals, Thermal Management, Emi Shielding, and Others) •By End-Use Industry (Aerospace, Automotive, Electronics, Industrial Manufacturing, Oil & Gas, Energy & Power, and Others) |
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By Type
Sheets led the flexible graphite market in 2024 with a share of more than 42.5% due to their flexibility and broad usage in various industries. Graphite sheets find application in seals, gaskets, as well as thermal management systems across numerous industries such as automotive, chemicals & energy.
By Application
The gaskets and seals segment were the largest in terms of revenue for flexible graphite market in 2024 with a share of 49.5% which is attributed to superior performance in critical sealing applications Due to their excellent compressibility, corrosion resistance (existing in high heat and pressure locations), flexible graphite gaskets and seals have many uses in industry (auto manufacturing, oil & gas plant, chemical processing plants etc.)
By End-use Industry
The automotive segment held a market share of 30.2% in the flexible graphite market in 2024, as the material is crucial for use in high-performance applications such as anodes for vehicles. Flexible graphite is a popular choice for gaskets, sealing, heat shields, and thermal management applications because it features outstanding compressibility and resilience characteristics, non-alloyed translucence to reality, as well as excellent chemical resistance to hot, aggressive environments.
Regional Analysis
Asia Pacific was the leading region in 2024, holding a Share of more than 35%, predominantly driven by rapid growth in industrial and manufacturing bases across the region. Traditionally, flexible graphite has been used in gaskets, seals, thermal management systems, and battery components across the manufacturing processes of automotive equipment production hubs, such as China, Japan, South Korea, and India. The existence of large manufacturers, availability of raw materials, low-cost labor, and government support for industrial growth make the region more competitive.
Recent Developments
- In March 2025, Materials Inc. announced the launch of a new high-purity flexible graphite product line designed specifically for next-generation battery applications, targeting electric vehicle manufacturers globally.
- In December 2024, GraphTech Solutions expanded its manufacturing facility in South Korea by 30% to meet growing demand for flexible graphite gaskets in the chemical and automotive sectors.
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Unique Selling Points (USPs) of the Flexible Graphite Market
- Greater Thermal Conductivity: Problem-solvers in heat-transfer applications include aspects such as thermal management with batteries and electronics for your given conductive foil designs.
- Better Chemical Resistance: Excellent resistance to a range of oils, acids and chemicals means this material is ideal for use in many oil & gas and chemical processing applications
- High Compressibility & Flexibility These are known for making ultra-efficient seals and gaskets that retain their shape during pressure cycles.
- Robust & Durable: Flexible graphite is a lightweight option to conventional sealing materials and offers superior durability and life.
- Rising Penetration in Energy Storage: Rise in utilization of lithium-ion batteries and fuel cells make flexible graphite a key element in the rush to clean energy.
- Sustainability & Recyclability: As a natural carbon (carbon-based material) flexible graphite fits the focus of industries and society is currently demand of sustainability and circular economy trends.
- Growing Automotive Use Advancing sealing and thermal solutions for a rapidly expanding number of electric and hybrid vehicles is building the flexible graphite industry.
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