Graphite Electrodes Market Report 2023-2028, Industry Growth and Demand
What is the Size of the Graphite Electrodes Market ? :
IMARC Group’s latest report, titled “Graphite Electrodes Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028“, offers a comprehensive analysis of the industry, which comprises insights on the graphite electrodes market share. The report also includes competitor and regional analysis, and contemporary advancements in the market. the global graphite electrodes market size reached US$ 6.2 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 8.8 Billion by 2028, exhibiting a growth rate (CAGR) of 5.9% during 2023-2028.
What is Graphite Electrodes ? :
Graphite electrodes refer to large cylindrical structures made using petroleum needle coke and coal tar pitch. They are available in ultra-high power (UHP), high power (HP), and regular power (RP) variants. Graphite electrodes conduct electrical energy from power sources and convert it into heat which is utilized to melt scrap metal. They have high thermal conductivity and low electrical resistance, owing to which they can generate heat up to the temperature of 1600 degree Celsius. Graphite electrodes help to manufacture high-quality products that can withstand high heat dissipation and exhibit enhanced electrical conductivity and exceptional mechanical strength. Consequently, they find widespread utilization in electric arc furnaces, blast oxygen furnaces, ladle furnaces, etc., across the globe.
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Who are the Market Leader in Graphite Electrodes Market ? :
The competitive landscape of the industry has also been examined along with the profiles of the key players being
- 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
Graphite Electrodes Market Demand, Development and Technology:
The elevating usage of the product for manufacturing steel via electronic arc furnace is among the key factors driving the graphite electrodes market. In addition to this, the increasing focus among major market players across countries on obtaining quality needle coke either through domestic procurements or imports while securing technology for quality improvement is acting as another significant growth-inducing factor. Apart from this, the inflating demand for high-quality steel in numerous end-use sectors, such as construction, aviation, automotive, etc., is also positively influencing the market growth.
Moreover, the rising availability of steel scrap and the escalating employment of UHP graphite electrode to recycle steel is further stimulating the market growth. Besides this, the shifting preferences toward larger capacity ultra-high power arc furnaces that can adequately suffice the need for lower total cost and higher work efficiency are expected to propel the graphite electrodes market over the forecasted period.
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Key Market Segmentation:
Breakup by Product Type:
- Ultra-high Power (UHP)
- High Power (HP)
- Regular Power (RP)
Breakup by Application:
- Electric Arc Furnace
- Ladle Furnace
- Non-Steel Application
Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key Highlights of the Report:
- Market Performance (2017-2022)
- Market Outlook (2023-2028)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
Report Coverage:
| Report Features | Details |
|---|---|
| Base Year of the Analysis | 2022 |
| Historical Period | 2017-2022 |
| Forecast Period | 2023-2028 |
| Units | US$ Billion |
| Segment Coverage | Product Type, Application, Region |
| Region Covered | Asia Pacific, Europe, North America, Latin America, Middle East and Africa |
| Companies Covered | 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 and Schutzcarbon |
| Customization Scope | 10% Free Customization |
| Report Price and Purchase Option | Single User License: US$ 2499 Five User License: US$ 3499 Corporate License: US$ 4499 |
| Post-Sale Analyst Support | 10-12 Weeks |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
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