The Application segment dominates the Isotropic Graphite market, accounting for the bulk of revenue through its role in high‑performance lithium‑ion battery anodes, refractory linings, lubricants, metal casting molds, and industrial furnace components. Lithium‑ion batteries represent the largest share, driven by the rapid expansion of electric‑vehicle production and grid‑scale energy storage, contributing roughly 35 % of total market value. Refractory and furnace linings follow closely, with a 30 % share, as isotropic graphite’s thermal stability and corrosion resistance are essential for steelmaking and glass‑melting processes. Lubricant additives capture about 15 % of the market, leveraging graphite’s low friction and high temperature stability for automotive and aerospace applications. Metal casting and other industrial uses together account for the remaining 25 %, where graphite’s machinability and conductivity support precision casting and specialized equipment. This application‑driven distribution underpins the overall market size, illustrating how each end‑use sector fuels demand for isotropic graphite.