Since its discovery the applications of graphite has been increasing from generation to generation. Graphite is used in plastic industries, steel, sports, automotive, aviations, lubricants and the manufacture of self lubricating parts. Graphite is an excellent conductor of the heat and electricity is corrosion and heat resistant. Graphene is strong, flexible and light currently, the automotive and steel industries are the largest consumers of graphite and demand continue to rise every year. The steel industry uses graphite as liners for ladles and crucibles, in the bricks which line blast furnaces and to increase the carbon content of steel. Graphite has already replaced asbestos in automotive brake lining and is used for gasket and clutch material. Sparky plugs are also made incorporating graphite. New high technology applications include, flexible graphite sheets, graphene, lithium-ion and vanadium batteries, fuel cells, semi conductors, nuclear, wind and solar power. These applications require more and more graphene seems to be a wonder material and there are thousands of institutions around the world researching it.