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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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Suunto Launches Race 3S: Next-Generation Performance Watch in a Compact Titanium Case

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Suunto’s next-generation performance watch brings up to 38 hours of dual-band GPS battery, a 2,000-nit AMOLED display, and free worldwide offline maps in a 56 g build, debuting alongside Suunto’s new AI Coach.

VANTAA, Finland, Oct. 21, 2026 /PRNewswire/ — Suunto launches Suunto Race 3S, a new-generation flagship performance watch. Built for smarter training, with features designed especially for trail running, Race 3S brings together up to 38 hours of dual-band GPS battery, a 2,000-nit AMOLED display, and a full set of intelligent trail tools at just 56 g. It is a watch built to go further and move lighter, so a long day in the mountains stays simple.

First launched in 2023, the Race series established Suunto’s position as the choice for athletes who train with intention and perform when it counts. Suunto Race 3S carries that standard into a compact 46 mm case sized to sit well on smaller wrists, and holds on to long-lasting battery life, a flagship display, and the complete trail toolkit alongside it.

“People have more performance data at their fingertips than ever, but turning all that information into something useful can be a challenge,” said Daniel Das Bhowmik, VP Product at Suunto. “We built Race 3S to carry long-lasting battery life in a case compact and light enough to forget, and we’re launching it alongside Suunto AI Coach to make things simple again: turning questions and personal data into clear, actionable answers.”

Battery for the Long Haul

No runner should plan a race around a battery bar. Suunto Race 3S gives them room to plan the race instead: up to 38 hours in dual-band GPS mode (up to 32 hours with the always-on display on), compared with up to 30 hours on Race S, with full positioning accuracy switched on the entire time. Additional battery modes reach further still, including a smartwatch mode with up to 12 days of battery life for everyday wear.

For runners used to planning a session around what the watch has left, that is up to eight more hours of pacing, navigation, and heart rate on the wrist than Race S. Training runs finish the way they were planned, races carry data all the way to the line, and the charger stays at home.

A Compact Build With Flagship Performance

The best watch on a long climb is the one a runner stops noticing. At 56 g with the silicone strap, 38 g for the watch head alone, Suunto’s Race 3S sits close to the wrist at roughly the weight of two energy gels, with a compact fit that works well for smaller wrists, too. A titanium bezel and sapphire crystal lens handle rock, scrub, and repeated impact.

Inside, the new-generation Apollo 510 processor drives faster response across maps and menus, and an upgraded optical heart rate module with six LEDs and four photodetectors behind 2.5D curved sensor glass holds accuracy through arm swing, sweat, and cold. Pair a Suunto heart rate belt to enable ZoneSense and it reads true intensity straight from the body’s response.

Suunto AI Coach Debuts With Race 3S

Race 3S marks the debut of Suunto AI Coach, an AI-powered conversational coaching experience in the Suunto app. It turns your Suunto data into insight, guidance and action, helping you understand your data, know where you stand and decide what to do next.

Ask Suunto AI Coach anything about your training, and it answers clearly and in context, with guidance and visuals such as charts, tables and maps, plus next steps whenever you want them. When you want to act, it creates structured workouts, training plans and routes; workouts and routes can then be saved in the Suunto app and synced to your watch. Customers who purchase and pair Suunto Race 3S can get three months of Suunto AI Coach free by activating their watch through the Suunto app by 31 December 2026.

Precision in Every Terrain, Free Maps Worldwide

When the trail disappears under canopy or into a canyon, the line on the wrist stays put. Positioning offers better overall performance, notable through forests, canyon walls, and switchbacks. Free worldwide offline maps now add contour lines and place names for an instant read on where you stand. They download straight to the watch and run entirely on board, subscription-free, so the terrain travels with the runner wherever the trail goes.

A Race Strategy Set Before the Gun

The hardest racing decisions arrive when a runner is least equipped to make them. Suunto Race 3S makes them early instead. Climb Guidance shows what the trail does next, climb or descent, updated in real time, so effort can be placed in advance: know a descent is coming, and save the legs for the climb after it.

Race Planner will build a personalized pacing plan from the route, the weather, and a runner’s race goal, with real-time guidance to hold pace on race day.*

A Display You Can Read in Full Sun

Mid-race data only counts if it can be read mid-stride. The 1.32-inch LTPS Hybrid AMOLED reaches 2,000 nits, more than three times the brightness of Race S, at 466 × 466 resolution. In midday glare above the treeline or on a 4 a.m. start in the dark, pace, distance, and the next turn stay readable at a glance.

Everything You Run With, on One Wrist

64 GB of onboard storage holds maps, routes, training data, and offline music.** It offers over 100 sport modes, including running, cycling, swimming, gym work, and multisport. Race 3S is available in three colorways: Orchid, Feather, and Black.

*Race Planner is planned for launch via a future Suunto app and firmware update. Features, availability, and timing are subject to change. Please refer to the latest official information from Suunto.

**Available via an over-the-air software update following product launch. Availability timing is subject to official announcement.

Read more about Suunto AI Coach at https://us.suunto.com/pages/suunto-ai-coach

Availability:
EMEA: October 15th
CHINA: October 15th
NAM: October 29th
APAC: October 29th

Race 3S will be sold through Suunto’s direct-to-consumer channels and authorized outdoor and running retail partners across North America, Europe, and key Asia-Pacific markets.

Pricing: EUR 499 / USD 599

Colors: Purple, Grey, Black

Images for media use: https://media.suunto.com/pub/collection/7d1b229aace5399e4c0c117efcaf1bdf?locale=en

About Suunto

Suunto is a Finnish brand, established in 1936. It was founded by Finnish inventor Tuomas Vohlonen, who pioneered a new standard for navigational precision. That same year, his innovation – a field compass – was stronger, steadier, and more accurate than any other handheld navigational tool of its time. It was the first of many Suunto products built to withstand the harsh conditions of our native Finland.

In the near century since, Tuomas’s spirit of innovation has continued to chart Suunto’s course. From some of history’s first dive computers and high-altitude wrist altimeters to today’s GPS watches, Suunto remains a trusted companion for outdoor adventurers across the globe.

Supporting explorers, athletes, and weekend warriors alike remains our core mission – providing the tools to dive deeper, climb higher, and push the limits of human potential.

www.suunto.com

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SOURCE Suunto

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/R E P E A T — Media Advisory – Minister Hodgson to hold media callback following his visit to the United Kingdom/

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OTTAWA, ON, Oct. 20, 2026 /CNW/ — The Honourable Tim Hodgson, Minister of Energy and Natural Resources, will hold a callback with Canadian media to discuss the outcomes of his visit to London, U.K., for London Metals Exchange (LME) Week on October 19 and 20, 2026.

Date: Wednesday, October 21, 2026

Time: 1 p.m. EDT

All accredited media are asked to pre-register for the callback by emailing media@nrcan-rncan.gc.ca. Details on how to participate will be provided upon registration.

Follow Natural Resources Canada on LinkedIn

SOURCE Natural Resources Canada

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S4 Capital’s Monks Accelerates Regional Growth Strategy in EMEA and APAC Expanding Nirvik Singh’s Remit to APAC, Names Ash Smith Executive Vice President, Asia Pacific and Fay Denis du Peage Managing Director, Australia and New Zealand

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LONDON, Oct. 21, 2026 /PRNewswire/ — Monks, the purely digital, unitary operating brand of S4 Capital plc, today announced an evolution of its regional leadership across EMEA and Asia-Pacific. As global brands demand more agile, connected and AI-enabled marketing models, Monks is expanding its integrated Marketing and Technology Services footprint to help multinational clients operate at speed and scale across both regions.

Positioned as a change agent for modern enterprise brands, Monks unifies three core capabilities—Intelligence, Creation and Orchestration—through its flagship Monks.Flow platform to build brands as living systems. Across Asia Pacific, this evolution allows Monks to deliver end-to-end marketing transformation, helps clients accelerate media performance, eliminate operational silos and orchestrate intelligent marketing that turns real-time data into measurable business impact.

To lead this next chapter, Monks has expanded the leadership remit of Nirvik Singh to lead both EMEA and Asia Pacific, reporting to Bruno Lambertini, CEO of Marketing Services. Working alongside Nirvik, Ash Smith joins Monks as Executive Vice President, Asia Pacific, effective 13 November 2026. Fay Denis du Peage has been appointed Managing Director, Australia and New Zealand, effective immediately.

Nirvik recently stepped down as a Non-Executive Director from the S4 Capital Board to join Monks as CEO of Marketing Services, EMEA. In the new expansion of his role to APAC, he will integrate oversight for Marketing Services across both regions, recognizing the connected growth opportunities and delivering greater value and scale for clients.

Nirvik brings more than 35 years of experience in the industry, most recently as Global Chief Operating Officer and President International at Grey Group. Nirvik has spent decades running multi-region businesses and partnering with enterprise brands including Procter & Gamble, The Coca-Cola Company, Volvo and Haleon to navigate complex market dynamics and deliver commercial impact.

Reporting to Nirvik, Ash Smith will focus on accelerating regional business growth, strengthening client partnerships and scaling Monks’ product and solutions capabilities across Asia Pacific. Ash brings more than 18 years of experience across Australia, Europe, China, Hong Kong and Southeast Asia, spanning product development, client solutions, innovation and business leadership. Throughout his career, he has focused on combining human intelligence, data and technology to create value for brands, translating local and regional market insights into innovative solutions and business growth.

Prior to joining Monks, Ash served as Chief Product and Solutions Officer for JAPAC at Tag, a Dentsu company, where he led the talent, products and technology needed to address complex client challenges, including driving Tag’s AI and innovation agenda. Previously, as Managing Director for Southeast Asia, he built strategic client partnerships and developed integrated, scalable solutions by bringing together expertise from across the network, delivering strong business growth.

Over his career, Ash has worked with leading global brands across technology, CPG, luxury and automotive, building long-term partnerships and delivering solutions that drive real-world impact. He has also shared his perspectives at industry forums, most recently NRF and ATS.

“We are excited to welcome Ash to our leadership team in Asia Pacific as we continue to scale our integrated offering and deepen our partnerships with clients across the region. His experience spanning client leadership, product, solutions and innovation will be valuable as we bring together creative, media, production, data and technology to deliver greater agility, efficiency and real-time relevance for brands. As we continue to advance our unitary model and the capabilities enabled by Monks.Flow, Ash will play an important role in translating our regional ambitions into meaningful outcomes for our clients and our business,” said Nirvik Singh, CEO, Monks EMEA and APAC.

Ash joins Monks as the company continues to evolve its integrated Marketing and Technology Services offering, bringing together creativity, media intelligence, production, data, and technology to help brands compete in an increasingly complex and fast-moving market. Through Monks.Flow, its flagship AI ecosystem for marketing orchestration, Monks is connecting insights, creativity, and execution to enable real-time relevance and turn marketing into a growth engine. Ash’s experience in product and solutions leadership, AI innovation and integrated client partnerships will support the continued development and deployment of these capabilities across Asia Pacific.

“The best agencies don’t just make work, they solve problems. When people and technology come together in the right systems, we can move faster, think bigger and unlock growth for brands in ways that weren’t possible before. That means bringing media, creative, production and data to the table as one team, not a set of silos. Our job is to put clients at the centre of everything we do and help them win through new ideas and experiences,” said Ash Smith, incoming EVP, Monks Asia Pacific.

Based in Sydney, Fay Denis du Peage will report to Ash Smith and lead Monks’ growth and market development across Australia and New Zealand. She will focus on strengthening the local offering, deepening client partnerships and bringing together Monks’ capabilities across creative, media, data and technology.

Fay brings experience across media, data, digital and operations from her career at Monks and MightyHive. She steps into the role after serving as Senior Vice President, Media, APAC, where she has helped strengthen Monks’ regional media proposition and drive greater integration across data, technology and media.

“AUNZ is a sophisticated and fast-moving market, and there is a significant opportunity for Monks to bring more of our capabilities together around the challenges our clients are facing, empowering them to become Real-Time Brands. The future of marketing isn’t about one discipline working in isolation—it’s about connecting media, creativity, data and technology with AI to create better outcomes in real time. My focus will be on making that capability even more relevant and accessible to clients, while building on the strength of our local teams and partnerships. I’m excited about what we are about to create together in the market,” said Fay Denis du Peage, Managing Director, Australia and New Zealand, Monks.

“Nirvik and Ash bring complementary leadership experience and a strong understanding of what clients need in an increasingly complex and fast-changing market. With Nirvik’s expanded regional leadership and Ash’s expertise in client solutions, product, and innovation, we are strengthening our ability to drive growth, connect capabilities, and deliver greater value for clients across our markets. Fay’s appointment is an important step in strengthening our presence across AUNZ, with Australia as our largest APAC market. I would also like to thank Kenny Griffiths for his leadership and the valuable contributions he has made to Monks,” said Bruno Lambertini, CEO, Marketing Services, Monks.

Media Inquiry

Evelyn Hsu
VP, Marketing and Communications, APAC
Evelyn.hsu@monks.com

About Monks

Monks is the global, digital-first, data-driven, unitary operating brand of S4 Capital plc. With a legacy of innovation and specialized expertise, Monks combines an extraordinary range of global Marketing and Technology Services to redefine how brands interact with the world. Through Monks.Flow, its flagship AI ecosystem for marketing orchestration, Monks transforms marketing into a growth engine, collapsing timelines and connecting brands to culture in real time. By deploying bespoke intelligent agents across disciplines and delivering culturally relevant, high-impact creative and digital solutions, Monks solves key critical business challenges across the entire brand enterprise to help brands sustain long-term impact.

Monks was named a Contender in The Forrester Wave™: Global Marketing Services and a leader in the 2026 Gartner® Magic Quadrant™ for Global Digital Marketing Agencies. It ranks among Cannes Lions’ Top 10 Creative Companies (2022-25) and remains the only partner featured in AdExchanger’s Programmatic Power Players list every year (2020-24). Named Adweek’s first AI Agency of the Year (2023) and The One Show’s inaugural AI Pioneer Organization (2025), Monks was also awarded Business Intelligence Group’s 2026 Excellence in Artificial Intelligence Award in the Human-Machine Interaction Team category. Additionally, Monks.Flow earned AI-based Marketing Solution of the Year at the 2026 AI Breakthrough Awards and a 2026 Global Generative AI Award in the Agentic Marketing Innovation category. Finally, Monks achieved a record-breaking number of FWAs and continues to hold the most of any partner.

About S4 Capital

S4 Capital is a purely digital advertising and marketing services business built for global, multinational, regional and local clients, as well as millennial-driven influencer brands. The business operates through two data- and digital-media-driven practices: Marketing Services and Technology Services, emphasising ‘faster, better and more efficient’ execution in an always-on, consumer-led environment. Its unitary structure positions the Company as a systems integration partner delivering real-time relevance in the post-agency era.

The Company has approximately 6,200 people in 34 countries, with approximately 82% of net revenue across the Americas, 12% across Europe, the Middle East and Africa, and 6% across Asia-Pacific. The longer-term objective is a geographic split of 60%:20%:20%. Marketing Services accounted for approximately 91% of net revenue and Technology Services 9%. The target allocation is a practice split of 75%:25%.

Sir Martin Sorrell was CEO of WPP for 33 years, building it from a £1 million ‘shell’ company in 1985 into the world’s largest advertising and marketing services company, with a market capitalisation of over £16 billion on the day he left. Prior to that, Sir Martin was Group Financial Director of Saatchi & Saatchi Company Plc for nine years.

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