The report of Global Graphite Electrodes Market is segmented By Product Type (Ultra-high Power (UHP), High Power (HP), Regular Power (RP)), Application (Steel Production, Silicon Metal Production, Aluminum Production), Region (North America, Europe, Asia Pacific, Middle East & Africa, Latin America) is expected to reach US$ XX Bn by 2027, at a CAGR of 4.09 % during a forecast period.
An increase in demand in the production of Silicon Metal, steel and aluminium is a major factor driving the growth of the global market. Rising capital income, the demand for high-quality material in steel production and trends for lavishing infrastructure are boosting the growth of the global graphite electrodes market. However, the fluctuating price of raw material is expected to hamper the growth of the global graphite electrodes market.
Ultra-high power is expected to grow at a XX% rate of CAGR during the forecast period.
In terms of product Type, ultra-high power is leading the global graphite electrodes market because of its widespread characteristic and utilization in manufacturing steel. The favourable initiatives taken by the government and investments by major key player sare expected to boost the market growth.
The steel production is expected to contributing significant share in the global graphite electrodes market.
The steel production through electric arc furnace method has increased in developing region because of the high availability of the scrape. The global steel production reached 1.86 Bn in 2019. The electric arc method is accounting more than 60% steel production in India, while in the Middle East, more than 90% of steel is produced through an electric furnace. These factors are increasing the demand for needle coke in the market.
Asia Pacific is projected to be leading region in the graphite electrodes market during the forecast period.
In terms of geography, Asia Pacific held the XX% share in the global graphite electrodes market and is projected to contribute more than XX% share during the forecast period. China is the largest producer & exporter of steel at present. Rapid industrialization & urbanization with rising per capita income in emerging countries with growth in production capacity of steel by UAF is propelling the demand of the market. In 2019 market size was valued US$ XX Bn while in the china, the market size was valued XX Bn and projected to reach by US$ XX Bn in the upcoming future.
Key players operating in the Graphite Electrodes Market are Showa Denko K.K., GRAFTech International, Graphite India Limited (GIL), HEG Ltd., Tokai Carbon Co., Ltd., Energoprom, Jilin Corbon Co. Ltd, Kaifeng Corbon Co. Ltd, Nantong Yangzi Corbon Co. Ltd, SGL Carbon, Fangda Carbon New Material Co. Ltd., Sangraf International, SEC Carbon Limited and Nippon Carbon.
Maximize Market Research, a global market research firm with a dedicated team of specialists and data has carried out extensive research about the Global Graphite Electrodes Market. The report encompasses the market by different segments and regions, providing an in-depth analysis of the overall industry ecosystem, useful for making an informed strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamics and future opportunities that might exist in the Global Graphite Electrodes Market. The driving forces, as well as considerable restraints, have been explained in depth. In addition to this, competitive landscape describing the strategic growth of the competitors has been taken into consideration for enhancing market know-how of our clients and at the same time explains Global Graphite Electrodes Market positioning of competitors.
Browse the market data Tables and Figures spread through a comprehensive research report and in-depth TOC on “Global Graphite Electrodes Market”
https://www.maximizemarketresearch.com/market-report/global-graphite-electrodes-market/63588/
Contact:
MAXIMIZE MARKET RESEARCH PVT. LTD.
Omkar Heights,
ManikBaug, VadgaonBk,
Sinhagad Road, Pune – 411051, Maharashtra, India.
+91 9607195908