The global demand for Graphite Electrodes Market is presumed to reach the market size of nearly USD 4.93 MN by 2028 from USD 3.23 MN in 2021 with a CAGR of 6.22% under the study period 2022 - 2028.
Graphite electrodes are enormous cylindrical structures constructed of needle coke (petroleum coke). These electrodes are offered in small and large diameters for high-temperature and high-intensity applications. Graphite electrodes are primarily utilized in electric arc furnaces for steel production. They are also used in the operations of steel refining and smelting. The primary use of graphite electrodes is in manufacturing steel and nonferrous metals.
Graphite electrodes are expected to be in high demand because of strong heat resistance, low electrical conductivity, resilience to thermal shock, and low chemical reactivity. The increased demand for graphite electrodes in steel-oriented industries such as construction, automotive, infrastructure, aerospace, and military are driving the market. The growing need for anti-corrosive goods for oil and petroleum wells and pipelines in the oil and gas industry has increased the usage of Electric arc furnaces and, as a result, spurred the demand for these electrodes. The increased demand for Ultra-High Power graphite electrodes is another vital driver expected to boost the market. Ultra-High Power has better thermal and electrical conductivity, quickly melting scrap to produce steel. As a result, steelmakers favor it, and therefore, the demand for these electrodes is likely to increase significantly in the future years. Nevertheless, the graphite electrodes industry is hampered by a lack of raw materials and changing prices.
The research report covers Porter’s Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of graphite electrodes. The growth and trends of graphite electrodes industry provide a holistic approach to this study.
This section of the graphite electrodes market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Product Type
- Ultra-High Power (Uhp)
- High Power (Hp)
- Regular Power (Rp)
- Electric Arc Furnace
- Ladle Furnace
- Non-Steel Application
This section covers the regional outlook, which accentuates current and future demand for the Graphite Electrodes market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Graphite Electrodes Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the graphite electrodes market include Energoprom Group, Fanda Carbon New Material Co. LTD, Graftech International, HEG Limited, Nantong Yangzi Carbon Co. Ltd, Graphite India, SHOWA DENKO, Beijing Great Wall Co., Ltd., Nippon Carbon Co Ltd., Ameri-Source Specialty Products, Tokai Carbon Co., Ltd, Schutzcarbon, etc. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
In case you have any custom requirements, do write to us. Our research team can offer a customized report as per your need.