Graphite Electrodes Market – Global Industry Analysis And Forecast (2023-2029)

Graphite Electrodes Market was valued at US$ 6.73 Bn. in 2022. The Global Graphite Electrodes Market size is estimated to grow at a CAGR of 5.2 % over the forecast period.

Graphite Electrodes Market Overview:

Graphite Electrodess are large cylindrical structures made up of petroleum needle coke and coal tar pitch and is mainly used in an electric arc furnace. It is used to refine steel in ladle furnaces and in other smelting processes. It provides a high level of electrical conductivity and the capability of sustaining extremely high levels of generated heat. The rising demand for steel and the rising use of graphite in the production of lithium-ion batteries are the major factors driving the growth of the Graphite Electrodes market. The oil and gas sector has further enhanced the use of electric arc furnaces (EAF) because of the increasing requirement for anti-corrosive products for oil & petroleum wells and pipelines. China dominates the market in terms of consumption and production capacity of Graphite Electrodess in the global scenario. Graphite Electrodes MarketTo know about the Research Methodology:- Request Free Sample Report

Graphite Electrodes Market Dynamics:

The major factor driving the growth of the Graphite Electrodes market is the rise in industrialization with modern infrastructures and increasing demand for engineering and construction materials with the surge in production of steel and iron. The rise in the spending on the construction of huge infrastructure will surge the demand for steel and aluminum-based materials which directly boost the growth of the market. Infrastructure spending is expected to reach 9 trillion by 2029. The market is growing since there is no other material that can replace graphite in the EAC process. The market's growth is being hampered by the high cost of electrode maintenance and installation, as well as the rising value of waste. Demand for thermal resistant materials and rising capital income are the factors encouraging the development and growth of the market through the forecast period.

Graphite Electrodes Market Trends:

Graphite Electrodes is bsically used in the electric arc furnace steelmaking process to melt steel scrap. Electrodes are made up of synthetic graphite because of their ability to withstand high temperatures. EAF technology to dominate the market during the forecast period. To create one metric tonne of steel, an average EAF is anticipated to need about 1.7 kg of Graphite Electrodess. The price increase can be ascribed to worldwide industry consolidation, capacity shutdown in China due to environmental regulations, and EAF production growth. Graphite is widely used in the aerospace industry to improve fuel efficiency. Aircraft manufacturers such as Boeing and Airbus are increasingly using composites manufactured using graphite. It is also suitable for use in military applications, where high heat tolerance, strength, and rigidity are required. COVID-19 Impact on Graphite Electrodes Market: The COVID-19 crisis affected the industries worldwide, and the global economy take the worst hit in the year 2023-2029. There was a slight decline in demand, logistics slowdown and significant disruptions in the steel industry that affected the growth of the Graphite Electrodes. The production slowdown in the construction industry is directly affected the adoption of various steel products.

Graphite Electrodes Market Segment Analysis:

Based on Product Type, Graphite Electrodes Market is segmented into Regular power, high power and ultra-high power (UHP). UHP has dominated the market accounting for 41% of the total market share in 2022. The segment growth is attributed to properties such as high durability, maximum heat resistance, and its superior quality and efficiency. In electric arc furnace industry it is utilized for recycling steel and its main constituent is high value needle coke which is produced from either petroleum or coke. UHP is estimated to grow at 5.7% CAGR during the forecast period. Based on Application: The Market is segmented into electric arc furnace, ladler furnace and others. EAF is a steel making furnace, in which steel scrap is heated and melted by heat of electric arcs striking between the furnace electrodes and the metal bath. Direct current and alternating current are two kinds of electric current used in EAF. About 33% of the crude steel in the world is made in the EAF. EAF is the most dominating segment in the market accounting for more than 65% of the total market share. The ladle furnace is used to relieve the primary process of steel making of many of the secondary refining operations.

Graphite Electrodes Market Regional Insights:

Asia Pacific has the highest market share in 2022 in terms of volume as well as revenue, and anticipated to maintain its dominance throughout the forecast period because China and India are the major producer of steel in the global market. The China occupies the largest share in terms of consumption and production capacity of Graphite Electrodes in the global scenario even through the COVID-19 outbreak, the Chinese steel industry showed significant recovery in 2022 yet the production declined in 2022. On March 2021 China introduced a new regulation on pollutant discharge permits, which is expecetd to boost the EAF steel production trend in the country. China is expected to remain among the fastest growing in this cluster of regional markets. The objective of the report is to present a comprehensive analysis of the global Graphite Electrodes Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The reports also help in understanding the Graphite Electrodes Market dynamic, and structure by analyzing the market segments and projecting the Graphite Electrodes Market size. Clear representation of competitive analysis of key players by Design, price, financial position, product portfolio, growth strategies, and regional presence in the Graphite Electrodes Market make the report investor’s guide.

Graphite Electrodes Market Scope: Inquire before buying

Graphite Electrodes Market
Report Coverage Details
Base Year: 2022 Forecast Period: 2023-2029
Historical Data: 2018 to 2022 Market Size in 2022: US $ 6.73 Bn.
Forecast Period 2023 to 2029 CAGR: 5.2% Market Size in 2029: US $ 9.6 Bn.
Segments Covered: by Product Type Regular power High power Ultra-high power
by Application Eelectric arc furnace Ladler furnace Others

Graphite Electrodes Market, by Region

North America (United States, Canada and Mexico) Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe) Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC) Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A) South America (Brazil, Argentina Rest of South America)

Graphite Electrodes Market Key Players:

1. Nantong Yangzi Corbon Co. Ltd 2. SGL Carbon 3. Fangda Carbon New Material Co. Ltd. 4. Sangraf International 5. SEC Carbon Limited 6. Nippon Carbon 7. Beijing Great Wall Co., Ltd. 8. Ameri-Source Specialty Products 9. Tokai Carbon Co., Ltd 10. Schutzcarbon 11. EPM Group 12. Showa Denko K.K. 13. GRAFTech International 14. Graphite India Limited (GIL) 15. HEG Ltd. 16. Tokai Carbon Co., Ltd. 17. Energoprom 18. Jilin Corbon Co. Ltd 19. Kaifeng Corbon Co. Ltd

Frequently Asked Questions

1) What are the factors behind the growth of Graphite Electrodes market? Ans- Steel industry is on transition of new era. Over the next decade steel will frequently be made by recycling domestic scrap. 2) Which product type is likely to hold the major share of the global graphite market? Ans- UHP Graphite Electrodes is utilized for recycling steel in the electric arc furnace industry and are expected to hold the highest market share. 3) What is the breakup of market based on product type? Ans- Based on product type the market is segmented into ultra-high power, High power, Regular power.
1. Graphite Electrodes Market Introduction 1.1. Study Assumption and Market Definition 1.2. Scope of the Study 1.3. Executive Summary 2. Graphite Electrodes Market: Dynamics 2.1. Graphite Electrodes Market Trends by Region 2.1.1. North America Graphite Electrodes Market Trends 2.1.2. Europe Graphite Electrodes Market Trends 2.1.3. Asia Pacific Graphite Electrodes Market Trends 2.1.4. Middle East and Africa Graphite Electrodes Market Trends 2.1.5. South America Graphite Electrodes Market Trends 2.2. Graphite Electrodes Market Dynamics by Region 2.2.1. North America 2.2.1.1. North America Graphite Electrodes Market Drivers 2.2.1.2. North America Graphite Electrodes Market Restraints 2.2.1.3. North America Graphite Electrodes Market Opportunities 2.2.1.4. North America Graphite Electrodes Market Challenges 2.2.2. Europe 2.2.2.1. Europe Graphite Electrodes Market Drivers 2.2.2.2. Europe Graphite Electrodes Market Restraints 2.2.2.3. Europe Graphite Electrodes Market Opportunities 2.2.2.4. Europe Graphite Electrodes Market Challenges 2.2.3. Asia Pacific 2.2.3.1. Asia Pacific Graphite Electrodes Market Drivers 2.2.3.2. Asia Pacific Graphite Electrodes Market Restraints 2.2.3.3. Asia Pacific Graphite Electrodes Market Opportunities 2.2.3.4. Asia Pacific Graphite Electrodes Market Challenges 2.2.4. Middle East and Africa 2.2.4.1. Middle East and Africa Graphite Electrodes Market Drivers 2.2.4.2. Middle East and Africa Graphite Electrodes Market Restraints 2.2.4.3. Middle East and Africa Graphite Electrodes Market Opportunities 2.2.4.4. Middle East and Africa Graphite Electrodes Market Challenges 2.2.5. South America 2.2.5.1. South America Graphite Electrodes Market Drivers 2.2.5.2. South America Graphite Electrodes Market Restraints 2.2.5.3. South America Graphite Electrodes Market Opportunities 2.2.5.4. South America Graphite Electrodes Market Challenges 2.3. PORTER’s Five Forces Analysis 2.4. PESTLE Analysis 2.5. Technology Roadmap 2.6. Regulatory Landscape by Region 2.6.1. North America 2.6.2. Europe 2.6.3. Asia Pacific 2.6.4. Middle East and Africa 2.6.5. South America 2.7. Key Opinion Leader Analysis For Graphite Electrodes Industry 2.8. Analysis of Government Schemes and Initiatives For Graphite Electrodes Industry 2.9. Graphite Electrodes Market Trade Analysis 2.10. The Global Pandemic Impact on Graphite Electrodes Market 3. Graphite Electrodes Market: Global Market Size and Forecast by Segmentation by Demand and Supply Side (by Value in USD Million) 2022-2029 3.1. Graphite Electrodes Market Size and Forecast, by Product Type (2022-2029) 3.1.1. Regular power 3.1.2. High power 3.1.3. Ultra-high power 3.2. Graphite Electrodes Market Size and Forecast, by Application (2022-2029) 3.2.1. Eelectric arc furnace 3.2.2. Ladler furnace 3.2.3. Others 3.3. Graphite Electrodes Market Size and Forecast, by Region (2022-2029) 3.3.1. North America 3.3.2. Europe 3.3.3. Asia Pacific 3.3.4. Middle East and Africa 3.3.5. South America 4. North America Graphite Electrodes Market Size and Forecast by Segmentation (by Value in USD Million) 2022-2029 4.1. North America Graphite Electrodes Market Size and Forecast, by Product Type (2022-2029) 4.1.1. Regular power 4.1.2. High power 4.1.3. Ultra-high power 4.2. North America Graphite Electrodes Market Size and Forecast, by Application (2022-2029) 4.2.1. Eelectric arc furnace 4.2.2. Ladler furnace 4.2.3. Others 4.3. North America Graphite Electrodes Market Size and Forecast, by Country (2022-2029) 4.3.1. United States 4.3.1.1. United States Graphite Electrodes Market Size and Forecast, by Product Type (2022-2029) 4.3.1.1.1. Regular power 4.3.1.1.2. High power 4.3.1.1.3. Ultra-high power 4.3.1.2. United States Graphite Electrodes Market Size and Forecast, by Application (2022-2029) 4.3.1.2.1. Eelectric arc furnace 4.3.1.2.2. Ladler furnace 4.3.1.2.3. Others 4.7.2. Canada 4.3.2.1. Canada Graphite Electrodes Market Size and Forecast, by Product Type (2022-2029) 4.3.2.1.1. Regular power 4.3.2.1.2. High power 4.3.2.1.3. Ultra-high power 4.3.2.2. Canada Graphite Electrodes Market Size and Forecast, by Application (2022-2029) 4.3.2.2.1. Eelectric arc furnace 4.3.2.2.2. Ladler furnace 4.3.2.2.3. Others 4.7.3. Mexico 4.3.3.1. Mexico Graphite Electrodes Market Size and Forecast, by Product Type (2022-2029) 4.3.3.1.1. Regular power 4.3.3.1.2. High power 4.3.3.1.3. Ultra-high power 4.3.3.2. Mexico Graphite Electrodes Market Size and Forecast, by Application (2022-2029) 4.3.3.2.1. Eelectric arc furnace 4.3.3.2.2. Ladler furnace 4.3.3.2.3. Others 5. Europe Graphite Electrodes Market Size and Forecast by Segmentation (by Value in USD Million) 2022-2029 5.1. Europe Graphite Electrodes Market Size and Forecast, by Product Type (2022-2029) 5.2. Europe Graphite Electrodes Market Size and Forecast, by Application (2022-2029) 5.3. Europe Graphite Electrodes Market Size and Forecast, by Country (2022-2029) 5.3.1. United Kingdom 5.3.1.1. United Kingdom Graphite Electrodes Market Size and Forecast, by Product Type (2022-2029) 5.3.1.2. United Kingdom Graphite Electrodes Market Size and Forecast, by Application (2022-2029) 5.3.2. France 5.3.2.1. France Graphite Electrodes Market Size and Forecast, by Product Type (2022-2029) 5.3.2.2. France Graphite Electrodes Market Size and Forecast, by Application (2022-2029) 5.3.3. Germany 5.3.3.1. Germany Graphite Electrodes Market Size and Forecast, by Product Type (2022-2029) 5.3.3.2. Germany Graphite Electrodes Market Size and Forecast, by Application (2022-2029) 5.3.4. Italy 5.3.4.1. Italy Graphite Electrodes Market Size and Forecast, by Product Type (2022-2029) 5.3.4.2. Italy Graphite Electrodes Market Size and Forecast, by Application (2022-2029) 5.3.5. Spain 5.3.5.1. Spain Graphite Electrodes Market Size and Forecast, by Product Type (2022-2029) 5.3.5.2. Spain Graphite Electrodes Market Size and Forecast, by Application (2022-2029) 5.3.6. Sweden 5.3.6.1. Sweden Graphite Electrodes Market Size and Forecast, by Product Type (2022-2029) 5.3.6.2. Sweden Graphite Electrodes Market Size and Forecast, by Application (2022-2029) 5.3.7. Austria 5.3.7.1. Austria Graphite Electrodes Market Size and Forecast, by Product Type (2022-2029) 5.3.7.2. Austria Graphite Electrodes Market Size and Forecast, by Application (2022-2029) 5.3.8. Rest of Europe 5.3.8.1. Rest of Europe Graphite Electrodes Market Size and Forecast, by Product Type (2022-2029) 5.3.8.2. Rest of Europe Graphite Electrodes Market Size and Forecast, by Application (2022-2029) 6. Asia Pacific Graphite Electrodes Market Size and Forecast by Segmentation (by Value in USD Million) 2022-2029 6.1. Asia Pacific Graphite Electrodes Market Size and Forecast, by Product Type (2022-2029) 6.2. Asia Pacific Graphite Electrodes Market Size and Forecast, by Application (2022-2029) 6.7. Asia Pacific Graphite Electrodes Market Size and Forecast, by Country (2022-2029) 6.3.1. China 6.3.1.1. China Graphite Electrodes Market Size and Forecast, by Product Type (2022-2029) 6.3.1.2. China Graphite Electrodes Market Size and Forecast, by Application (2022-2029) 6.3.2. S Korea 6.3.2.1. S Korea Graphite Electrodes Market Size and Forecast, by Product Type (2022-2029) 6.3.2.2. S Korea Graphite Electrodes Market Size and Forecast, by Application (2022-2029) 6.3.3. Japan 6.3.3.1. Japan Graphite Electrodes Market Size and Forecast, by Product Type (2022-2029) 6.3.3.2. Japan Graphite Electrodes Market Size and Forecast, by Application (2022-2029) 6.3.4. India 6.3.4.1. India Graphite Electrodes Market Size and Forecast, by Product Type (2022-2029) 6.3.4.2. India Graphite Electrodes Market Size and Forecast, by Application (2022-2029) 6.3.5. Australia 6.3.5.1. Australia Graphite Electrodes Market Size and Forecast, by Product Type (2022-2029) 6.3.5.2. Australia Graphite Electrodes Market Size and Forecast, by Application (2022-2029) 6.3.6. Indonesia 6.3.6.1. Indonesia Graphite Electrodes Market Size and Forecast, by Product Type (2022-2029) 6.3.6.2. Indonesia Graphite Electrodes Market Size and Forecast, by Application (2022-2029) 6.3.7. Malaysia 6.3.7.1. Malaysia Graphite Electrodes Market Size and Forecast, by Product Type (2022-2029) 6.3.7.2. Malaysia Graphite Electrodes Market Size and Forecast, by Application (2022-2029) 6.3.8. Vietnam 6.3.8.1. Vietnam Graphite Electrodes Market Size and Forecast, by Product Type (2022-2029) 6.3.8.2. Vietnam Graphite Electrodes Market Size and Forecast, by Application (2022-2029) 6.3.9. Taiwan 6.3.9.1. Taiwan Graphite Electrodes Market Size and Forecast, by Product Type (2022-2029) 6.3.9.2. Taiwan Graphite Electrodes Market Size and Forecast, by Application (2022-2029) 6.3.10. Rest of Asia Pacific 6.3.10.1. Rest of Asia Pacific Graphite Electrodes Market Size and Forecast, by Product Type (2022-2029) 6.3.10.2. Rest of Asia Pacific Graphite Electrodes Market Size and Forecast, by Application (2022-2029) 7. Middle East and Africa Graphite Electrodes Market Size and Forecast by Segmentation (by Value in USD Million) 2022-2029 7.1. Middle East and Africa Graphite Electrodes Market Size and Forecast, by Product Type (2022-2029) 7.2. Middle East and Africa Graphite Electrodes Market Size and Forecast, by Application (2022-2029) 7.7. Middle East and Africa Graphite Electrodes Market Size and Forecast, by Country (2022-2029) 7.7.1. South Africa 7.3.1.1. South Africa Graphite Electrodes Market Size and Forecast, by Product Type (2022-2029) 7.3.1.2. South Africa Graphite Electrodes Market Size and Forecast, by Application (2022-2029) 7.7.2. GCC 7.3.2.1. GCC Graphite Electrodes Market Size and Forecast, by Product Type (2022-2029) 7.3.2.2. GCC Graphite Electrodes Market Size and Forecast, by Application (2022-2029) 7.7.3. Nigeria 7.3.3.1. Nigeria Graphite Electrodes Market Size and Forecast, by Product Type (2022-2029) 7.3.3.2. Nigeria Graphite Electrodes Market Size and Forecast, by Application (2022-2029) 7.3.4. Rest of ME&A 7.3.4.1. Rest of ME&A Graphite Electrodes Market Size and Forecast, by Product Type (2022-2029) 7.3.4.2. Rest of ME&A Graphite Electrodes Market Size and Forecast, by Application (2022-2029) 8. South America Graphite Electrodes Market Size and Forecast by Segmentation (by Value in USD Million) 2022-2029 8.1. South America Graphite Electrodes Market Size and Forecast, by Product Type (2022-2029) 8.2. South America Graphite Electrodes Market Size and Forecast, by Application (2022-2029) 8.7. South America Graphite Electrodes Market Size and Forecast, by Country (2022-2029) 8.3.1. Brazil 8.3.1.1. Brazil Graphite Electrodes Market Size and Forecast, by Product Type (2022-2029) 8.3.1.2. Brazil Graphite Electrodes Market Size and Forecast, by Application (2022-2029) 8.3.2. Argentina 8.3.2.1. Argentina Graphite Electrodes Market Size and Forecast, by Product Type (2022-2029) 8.3.2.2. Argentina Graphite Electrodes Market Size and Forecast, by Application (2022-2029) 8.3.3. Rest Of South America 8.3.3.1. Rest Of South America Graphite Electrodes Market Size and Forecast, by Product Type (2022-2029) 8.3.3.2. Rest Of South America Graphite Electrodes Market Size and Forecast, by Application (2022-2029) 9. Global Graphite Electrodes Market: Competitive Landscape 9.1. MMR Competition Matrix 9.2. Competitive Landscape 9.3. Key Players Benchmarking 9.3.1. Company Name 9.3.2. Business Segment 9.3.3. End-user Segment 9.3.4. Revenue (2022) 9.3.5. Company Locations 9.4. Leading Graphite Electrodes Market Companies, by market capitalization 9.5. Market Structure 9.5.1. Market Leaders 9.5.2. Market Followers 9.5.3. Emerging Players 9.6. Mergers and Acquisitions Details 10. Company Profile: Key Players 10.1. Nantong Yangzi Corbon Co. Ltd 10.1.1. Company Overview 10.1.2. Business Portfolio 10.1.3. Financial Overview 10.1.4. SWOT Analysis 10.1.5. Strategic Analysis 10.1.6. Scale of Operation (small, medium, and large) 10.1.7. Details on Partnership 10.1.8. Regulatory Accreditations and Certifications Received by Them 10.1.9. Awards Received by the Firm 10.1.10. Recent Developments 10.2. SGL Carbon 10.3. Fangda Carbon New Material Co. Ltd. 10.4. Sangraf International 10.5. SEC Carbon Limited 10.6. Nippon Carbon 10.7. Beijing Great Wall Co., Ltd. 10.8. Ameri-Source Specialty Products 10.9. Tokai Carbon Co., Ltd 10.10. Schutzcarbon 10.11. EPM Group 10.12. Showa Denko K.K. 10.13. GRAFTech International 10.14. Graphite India Limited (GIL) 10.15. HEG Ltd. 10.16. Tokai Carbon Co., Ltd. 10.17. Energoprom 10.18. Jilin Corbon Co. Ltd 10.19. Kaifeng Corbon Co. Ltd 11. Key Findings 12. Industry Recommendations 13. Graphite Electrodes Market: Research Methodology 14. Terms and Glossary
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