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Global Graphite Foil Market Set for Strong Growth with Rising Demand in Electric Vehicles and Electronics – 2024-2030 | Valuates Reports

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BANGALORE, India, Nov. 29, 2024 /PRNewswire/ — Graphite Foil Market is Segmented by Type (98% Carbon, 99% Carbon, 99.9% Carbon, 99.95% Carbon, 99.99% Carbon), by Application (Automotive, Petroleum, Chemical, Nuclear Industries, Fuel Cell Industry): Global Opportunity Analysis and Industry Forecast, 2024-2030.

 

The Global Graphite Foil Market was valued at 1781.3 USD Million in 2023 and is anticipated to reach 2794.2 USD Million by 2030, witnessing a CAGR of 6.7% during the forecast period 2024-2030.

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Major Factors Driving the Growth of Graphite Foil Market:

The graphite foil market is experiencing steady growth, driven by its applications in thermal management, renewable energy systems, and lightweight designs. Key drivers include the rise of EVs, the expansion of the electronics industry, and increased focus on energy efficiency. As manufacturers innovate to meet the evolving demands of high-performance applications, the global graphite foil market is poised for sustained growth across diverse sectors.

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TRENDS INFLUENCING THE GROWTH OF THE GRAPHITE FOIL MARKET:

Graphite foil with 98% carbon content is a key driver of the graphite foil market due to its excellent thermal and electrical conductivity. This material is widely used in industries such as electronics, energy storage, and industrial manufacturing. Its affordability compared to higher purity alternatives makes it particularly attractive for cost-sensitive applications like thermal management in consumer electronics and insulation in industrial equipment. Additionally, its versatility enables use in gaskets, seals, and heat shields, providing solutions for a wide range of thermal and mechanical challenges. The demand for 98% carbon graphite foil is growing in emerging markets where industrial expansion drives the need for cost-efficient, high-performance materials. With the rising adoption of renewable energy systems and electronic devices, the role of 98% carbon graphite foil in applications requiring durability and conductivity is expected to expand, solidifying its position as a cornerstone in the graphite foil market.

Graphite foil with 99% carbon content is a significant growth driver in the graphite foil market, particularly in high-performance applications. This material’s superior thermal stability, conductivity, and corrosion resistance make it indispensable in industries such as aerospace, automotive, and advanced electronics. It is commonly used in lithium-ion battery production, fuel cells, and heat exchangers, where precision and durability are critical. The high purity of 99% carbon graphite foil ensures reliable performance in extreme conditions, such as high-temperature environments and chemically aggressive settings. The growing focus on electric vehicles (EVs) and renewable energy technologies has further boosted demand for this material. Manufacturers are leveraging its high thermal conductivity to develop efficient battery management systems, enhancing EV performance. As industries prioritize advanced materials for next-generation technologies, 99% carbon graphite foil is expected to witness sustained demand, driving overall market growth.

The automotive industry is a major growth driver for the graphite foil market, as vehicles increasingly rely on advanced thermal management solutions. Graphite foil is widely used in electric vehicles (EVs) for battery insulation and thermal control, ensuring safety and efficiency in high-performance battery systems. Its lightweight and flexible properties make it ideal for applications in gaskets, seals, and engine components, where heat resistance and durability are essential. The shift toward electrification in the automotive sector has amplified the demand for graphite foil in EV battery packs, as it helps dissipate heat and maintain optimal temperatures. Additionally, traditional internal combustion engine vehicles utilize graphite foil for heat shields and exhaust system components, further supporting market demand. As the global automotive industry embraces innovations in EVs and hybrid technologies, the use of graphite foil is expected to grow, making it a vital material in the sector’s transition toward sustainability.

The increasing need for efficient thermal management solutions across industries is a key driver of the graphite foil market. Graphite foil’s superior thermal conductivity and flexibility make it ideal for applications in electronics, automotive, and industrial equipment. Its use in heat exchangers, battery management systems, and electronic cooling systems highlights its importance in maintaining optimal performance and safety. As industries prioritize energy efficiency and reliability, the demand for graphite foil in thermal management applications continues to rise.

The growth of renewable energy systems, such as solar panels and fuel cells, has driven demand for graphite foil. This material is used for thermal insulation, sealing, and electrical conductivity in renewable energy technologies. Its ability to withstand high temperatures and harsh environments makes it indispensable in these applications. As the global shift toward sustainable energy accelerates, the graphite foil market is expected to benefit significantly from this trend.

The expanding electronics industry is a major contributor to the graphite foil market, with applications in cooling systems, thermal pads, and EMI shielding. Graphite foil provides effective heat dissipation for compact, high-performance devices such as smartphones, laptops, and gaming consoles. The increasing demand for portable and energy-efficient electronics has heightened the need for advanced thermal management solutions, supporting market growth.

The rapid adoption of electric vehicles (EVs) has significantly boosted the demand for graphite foil in battery insulation and thermal management. EV batteries generate considerable heat during operation, and graphite foil helps maintain safety and performance. The global push for EV adoption, supported by government incentives and advancements in battery technologies, continues to drive the graphite foil market.

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GRAPHITE FOIL MARKET SHARE

The graphite foil market exhibits strong regional dynamics, with Asia-Pacific leading due to its robust electronics and automotive manufacturing base. North America follows, driven by advancements in renewable energy technologies and aerospace applications. Europe is witnessing growth due to the adoption of sustainable materials and the expansion of EV production. Emerging regions in Latin America and the Middle East are also gaining traction as industries in these areas adopt advanced thermal management solutions. Each region’s unique characteristics contribute to the global expansion of the graphite foil market.

Key Companies:

American ElementsHP Materials SolutionsCGT Carbon GmbHJiangxi Dasen TechnologyUNICHIMTEKGee GraphiteGES-AGMCarraraSpetechHenning Gasket&SealsKryotherm

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DISCOVER MORE INSIGHTS: EXPLORE SIMILAR REPORTS!

–  High Density Flexible Graphite Foil market was valued at USD 1652 Million in 2023 and is anticipated to reach USD 2393.8 Million by 2030, witnessing a CAGR of 5.3% during the forecast period 2024-2030.

–  Flexible Graphite Foil Market

–  Flexible Expanded Graphite Foil Market was estimated to be worth USD 911.1 Million in 2023 and is forecast to a readjusted size of USD 1149.4 Million by 2030 with a CAGR of 3.5% during the forecast period 2024-2030.

–  Graphite Sheet market is projected to grow from USD 3197.3 Million in 2024 to USD 4484.3 Million by 2030, at a Compound Annual Growth Rate (CAGR) of 5.8% during the forecast period.

–  Flexible Graphite Sheet market is projected to grow from USD 2929.4 Million in 2024 to USD 3664.1 Million by 2030, at a Compound Annual Growth Rate (CAGR) of 3.8% during the forecast period.

–  Synthetic Graphite Sheet market was valued at USD 562 Million in 2023 and is anticipated to reach USD 790.7 Million by 2030, witnessing a CAGR of 5.3% during the forecast period 2024-2030.

–  Flexible Graphite Market

–  Natural and Synthetic Graphite market is projected to grow from USD 977.7 Million in 2024 to USD 1201.9 Million by 2030, at a Compound Annual Growth Rate (CAGR) of 3.5% during the forecast period.

–  Artificial Graphite Market was estimated to be worth USD 2250 Million in 2023 and is forecast to a readjusted size of USD 3496.5 Million by 2030 with a CAGR of 6.5% during the forecast period 2024-2030.

–  Synthetic Thermally Conductive Graphite Sheet market was valued at USD 992.1 Million in 2023 and is anticipated to reach USD 1140.1 Million by 2030, witnessing a CAGR of 2.4% during the forecast period 2024-2030.

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LYKSTAGE Launches Patented Video Platform That Pays Creators and Viewers — Now Live Across Five Countries

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MUMBAI, India, April 20, 2026 /PRNewswire/ — LYKSTAGE, a video-sharing platform owned by LYK Inc., a Delaware-based entity, and founded by New York-based entrepreneur Adris Chakraborty, is redefining how the creator economy works — with a patented monetization model no other platform can legally replicate.

Built by a technology team in India under Manhattan Tech Ventures, LYKSTAGE runs on a patented Watch-Time Monetization Model that fundamentally changes who earns from video content. Creators earn whenever their content’s watch time gets monetized — no subscriber minimums, no waiting periods, and no thresholds to cross before earning begins.

What makes the model unprecedented is that viewers earn too. Logged-in viewers are rewarded whenever their watch time gets monetized — when they watch content uninterrupted and the ad served during viewing is fully consumed. When that happens, the creator earns, the viewer is rewarded, and the platform earns. Every reward is funded by actual ad revenue — not venture capital subsidies. The model is entirely self-sustaining.

The platform serves both skippable and non-skippable ads, determined by an ad server algorithm that optimizes based on viewing patterns and content traction. For advertisers, impressions are served intelligently — matching the right ad format to the right moment, delivering higher completion rates and genuine attention.

LYKSTAGE is now live across five markets — India, the United States, the United Kingdom, Canada, and the UAE — and available on Samsung TV, LG TV, Roku, Apple TV, Android TV, Amazon Fire TV, desktop, mobile web, and native apps on both the App Store and Google Play Store.

Adris Chakraborty, a Kolkata-born Columbia Business School alumnus based in the US since 2003, co-founded Mediamorphosis Advertising & Technology Inc. in New York in 2006 with his spouse and business partner Poulami Mukherjee. The company expanded to the UK in 2012, followed by Manhattan Communications in India — building a multicultural advertising group spanning five countries with over 100 clients, providing LYKSTAGE with built-in advertiser relationships and market intelligence.

The platform has crossed over one million users across all markets, with more than 20,000 creators on board and growing across all five countries — achieved with minimal paid marketing.

LYKSTAGE is a transparent, patented system where the people who create the value are the ones who earn from it.

Sign up at:
Android – https://play.google.com/store/apps/details?id=com.lykstage.app
Apple – https://apps.apple.com/in/app/lykstage-video-streaming/id6754064834

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Towngas and Tencent forge strategic partnership to drive “Energy + Tech” smart digital transformation

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HONG KONG, April 20, 2026 /PRNewswire/ — The Hong Kong and China Gas Company Limited (Towngas) and Tencent have signed a strategic partnership agreement in Hong Kong. The two companies will collaborate extensively on unified cloud resource management, digital platform development, large artificial intelligence (AI) models and applications, customer engagement enhancement, and R&D tool synergy. Together, they aim to drive the smart digital transformation of the energy sector.

The partnership dates back to 2020, when Towngas Lifestyle, the extended business division of Towngas, first teamed up with Tencent Cloud. In 2021, Towngas Energy, the Group’s renewable energy arm, worked with Tencent Cloud to build a smart energy ecosystem, which currently supports over a hundred integrated energy projects for the business segment. In 2023, Towngas Lifestyle and Tencent Cloud entered into a comprehensive strategic partnership spanning cloud platforms, big data, AI, and customer engagement, delivering one-stop lifestyle solutions to 46 million household customers across Hong Kong and the Chinese mainland. This latest agreement marks a comprehensive, group-level strategic partnership between Towngas and Tencent. It is designed to pool their resources, achieve cross-divisional synergy, drive quality and efficiency gains, and accelerate AI innovation.

Over the past six years, this collaboration has yielded remarkable results. Powered by Tencent Cloud, Towngas Lifestyle has upgraded the digital foundation and driven application innovation for its Towngas Lifestyle Cloud (TLC) platform. Furthermore, leveraging Tencent Cloud’s TBDS (Tencent Big Data Suite), it built the Towngas Analytics Platform (TAP), which currently supports big data applications for over 70 affiliated city-gas companies as well as its Hong Kong operations.

In terms of AI applications, Towngas Lifestyle has capitalised on Tencent’s AI computing power and large model technology to launch innovative tools such as smart safety inspections and AI service agents, significantly boosting the efficiency of frontline staff at gas companies. To better serve its customers, the company has deeply integrated Tencent’s WeCom to improve customer outreach. On the R&D front, Towngas Lifestyle has widely adopted Tencent’s AI development tools to streamline workflows. Moreover, the partners have successfully replicated their mainland successes in Hong Kong, completing the cross-border deployment of the TAP platform and advancing the upgrade of the city’s business systems.

Mr Peter Wong Wai-yee, Managing Director of Towngas, said: “Tencent’s leading position in AI and digital technology is obvious to all. Since 2020, the two parties have established a strong partnership, expanding from Towngas Lifestyle’s extended business to cooperation on the smart energy platform for the renewable energy segment, and gradually extending from the mainland to Hong Kong. As an enterprise with a 164-year history, Towngas has grown to possess a customer base of over 120 million since entering the mainland gas utility business in 1994. Facing such a massive number of customers, data security is of paramount importance. How to build a secure and efficient system for management and service has become a critical issue for business development. We are confident in joining hands with Tencent to co-build a secure and efficient digital system, comprehensively elevate the customer service experience and operational efficiency, and jointly pioneer more possibilities for ‘Energy + Tech’.”

Mr Dowson Tong, Senior Executive Vice President of Tencent and CEO of Tencent Cloud and Smart Industries Group, stated that as a household brand in Hong Kong, Towngas’s “customer-centric” service philosophy aligns closely with Tencent’s corporate mission of “Value for Users, Tech for Good”. Over the past six years, Tencent has engaged in deep collaboration with multiple segments under Towngas, empowering businesses with technology to achieve precise operations. Tencent looks forward to taking this exchange as a new starting point, further consolidating the “Cloud + AI” technological foundation based on existing cooperation, and deeply integrating Tencent’s digital capabilities with Towngas’s rich application scenarios. Through technological innovation, the goal is to achieve better customer service delivery and enhance operational efficiency, exploring a new path to sustainable development for the smart upgrade of the energy industry while ensuring data security and user privacy.

Looking ahead, the two companies will continue to deepen their collaboration in migrating core businesses to the cloud, co-building digital platforms, deploying large models and AI applications, and enhancing customer engagement. This will not only deliver a superior experience for gas customers but also set a benchmark for the high-quality transformational development of the energy industry.

 

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DMEGC Solar Achieves EcoVadis Gold Medal, Underscoring Its Commitment to ESG Excellence

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JINHUA, China, April 20, 2026 /PRNewswire/ — On April 15, DMEGC Solar, a global leader in magnetic materials and renewable energy solutions, achieved a milestone breakthrough in sustainable development. With outstanding performance in environmental protection, social responsibility, and other key areas, the company earned a Gold Medal from the internationally recognized rating agency EcoVadis, scoring 82 points. This places DMEGC Solar in the top 3% of all rated companies worldwide, surpassing 97% of participants.

EcoVadis is a globally leading sustainability assessment platform, having rated over 150,000 companies across more than 250 industries and 185 countries. Its evaluation framework covers 21 indicators across four core themes: Environment, Labor & Human Rights, Ethics, and Sustainable Procurement. The platform aims to assess the sustainability performance and social responsibility of companies within global supply chains.

DMEGC Solar participated in the assessment at the group level rather than as a single factory, demonstrating outstanding strength across all four dimensions. In the Labor & Human Rights dimension, the company has established a comprehensive employee rights protection system, strictly implemented occupational health and safety standards, and promoted employee development and career growth, ranking in the top 1% of its industry.

In the Sustainable Procurement dimension, the company has built a full-chain green supply chain management mechanism, collaborating with core suppliers to create a “cooperative carbon reduction” ecosystem. Initiatives such as packaging material recycling, green electricity usage, and localized collaborative production have enabled a low-carbon, traceable supply chain, also ranking in the top 1% of the industry.

Coupled with strong performances in environmental governance and business ethics, the company achieved an impressive score of 82, surpassing 97% of evaluated companies and earning the Gold Medal. This distinction places DMEGC Solar at the top in the global solar module manufacturers to receive such recognition.

This Gold Medal rating will for sure strengthen the company’s competitiveness in overseas markets. On one hand, its industry-leading ESG performance helps meet policy requirements related to sustainable supply chains, enhancing both the premium pricing of its products in international markets and its ability to secure orders. On the other hand, this recognition will boost customer and partner trust in the company’s brand, supporting the expansion of market share for its core products—such as photovoltaic modules, residential energy storage systems, and magnetic materials—while consolidating its market leadership.

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