Global Graphite Electrode Market, By Type (Ultra-high power, HP, RP, By Application (Steel & Non-fer

Published Date: | Report Code : MT1958269

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Growing demand from end-use industry applications in developing regions and promotion of application specific grades by companies is expected to drive the graphite electrode market during the forecast period. This market has witnessed number of key developments in terms of application specific grade developments and strategic investments in emerging regions by companies to strengthen their market position in the global market. Some of the other key factors governing the market dynamics include regulatory scenario, exchange rates, environmental constraints, and so on. All these factors are expected to have a significant impact on the dynamics of graphite electrode market during the forecast period.

Graphite electrodes are big cylindrical structures made of needle powder (oil coke). For high-temperature and high-intensity applications, these electrodes are accessible in tiny or large diameters. Graphite electrodes are primarily used in electric arc furnaces for steel production. They are also used in procedures for steel refining and smelting. Properties such as elevated heat resistance, low electrical conductivity, thermal shock resistance and low chemical reactivity are expected to increase graphite electrode demand.

Segment Analysis:

UHP is expected to stay both the most dominant and the fastest-growing form of electrode. Some of the characteristics that drive the demand for UHP graphite electrode, particularly in the steel industry, are greater durability, greater thermal resistance and superior performance. All the main players in the world are mainly involved in the production of UHP graphite electrodes.

It is observed that steel presently dominates the market for graphite electrodes and is also anticipated to keep its dominance over the forthcoming years. The global manufacturing of EAF steel has been steadily increasing, which is the primary driver of the demand for graphite electrodes.

Key Factors Impacting Market Growth:

  • Booming Steel Scrap availability

  • Speeding up economic growth

  • Growing market for electronic unloading

  • Increasing coke prices for petroleum needles

Regional Analysis:

The regional outlook section for graphite electrode market provides the region-wise market projections along with related market dynamics. In addition, this section provides further information about segments in the market on a regional basis and country-wise outlook. Major regions considered in this report include North America, Western Europe, Asia Pacific, Middle East, Eastern Europe, and Rest of the World. North America and Western Europe have been traditional markets with sizeable demand for advanced materials from end-use industries. North America and Western Europe with an established industrial sector having substantial contribution towards respective economies are estimated to dominate overall demand by region. Some of the major industries in this region include automotive, heavy engineering, building & construction, aerospace & defense, mining, and so on. These industries are expected to register steady growth in North America and Western Europe region during the forecast period.

Asia Pacific region is estimated to register highest CAGR with strong industrial and infrastructural growth. Some of the major economies, in the region include China, India, South Korea, Japan, Australia, and so on. In addition, favourable conditions for production activities in addition to the growing market demand has attracted global companies to make strategic investments in this region. Middle East and Eastern Europe with countries including UAE, Russia, Saudi Arabia, Turkey, and Qatar are expected to be potential markets with growth of industrial sector in the region. Rest of the World consisting of South America and Africa are estimated to be emerging regions for graphite electrode market during the forecast period.

Companies Covered: ENERGOPROM Group, Fangda Carbon New Material Technology Co. Ltd, GrafTech International, Graphite India Limited, HEG Limited, Jilin Carbon Co. Ltd, Kaifeng Carbon Co. Ltd, Nantong Yangzi Carbon Co. Ltd. …

Market Segmentation:

By Type:

  • Ultra-high power

  • High power (HP)

  • Regular power (RP)

By Application:

  • Steel & Non-ferrous Metals

  • Fused Materials

  • Chemical Processing

  • Others

By Region:

  • North America

    • By Country (US, Canada, Mexico)

    • By Type

    • By Application

  • Western Europe:

    • By Country (Germany, UK, France, Spain, Rest of Western Europe)

    • By Type

    • By Application

  • Eastern Europe:

    • By Country (Russia, Turkey, Rest of Eastern Europe)

    • By Type

    • By Application

  • Asia Pacific

    • By Country (China, Japan, India, Rest of Asia Pacific)

    • By Type

    • By Application

  • Middle East:

    • By Country (UAE, Qatar, Iran, Saudi Arabia, Rest of Middle East)

    • By Type

    • By Application

  • Rest of the World

    • By Region (Latin America, Brazil, Rest of the World)

    • By Type

    • By Application

Reasons To Buy This Report:

  • Market size estimation of the graphite electrode market on a regional and global basis

  • The unique research design for market size estimation and forecast

  • Profiling of major companies operating in the market with key developments

  • Broad scope to cover all the possible segments helping every stakeholder in the market

Customization:

We provide customization of the study to meet specific requirements:

  • By Segment

  • By Sub-segment

  • By Region/Country

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