The Asia-Pacific Graphite Electrodes Market is anticipated to grow tremendously during the forecast period. It is estimated that the target market is going to grow at a CAGR of 4.3% over 2021-2026.
A graphite electrode is an electrode that is employed for offering a high-level electrical conductivity and the capability to sustain an extremely high level of dissipated heat. These electrodes are primarily used in the manufacturing of electric arc furnace (EAF) steel & the refinement of steel, and the similar smelting process such as silicon, ferroalloys, white phosphorus/ yellow phosphorus, etc.
The growth of the Asia-Pacific Graphite Electrodes Market is attributed to the high consumption and the production of these graphite electrodes in the emerging economies such as China and India.
Showa Denko KK Group, a leading Japanese chemical engineering firm, has committed to Install Equipment for Mass-producing the SPALF Packaging Material for Large Onboard lithium-ion batteries.
Tokai Carbon Co., Ltd. has acquired the Graphite Electrodes Business Of the SGL GE, which one of the largest Graphite Electrode manufacturers.
The high consumption and production of graphite electrodes in Japan, China, and India is the primary driver of the Asia-Pacific Graphite Electrode Market.
However, the lack of availability of the raw materials required in the manufacturing process of these graphite electrodes, which are highly volatile, is the major restraint of the Asia-Pacific Graphite Electrode Market.
Market Segmentation of Asia-Pacific Graphite Electrode Market
By Product Type: Ultra-High Power (UHP), High Power (HP), And Regular Power (RP).
By Application: Steel, Silicon Metal, and Aluminum. Among these, steel and non-ferrous metals are the segments that have a significant share of the market because of the region’s high share in steel making.
By Region: India, Japan, China, Australia, Singapore, Thailand, South Korea & Rest of APAC. In the regional analysis of the Asia-Pacific Graphite Electrode Market, China is the leading region in the market revenue owing to demand in graphite electrodes that are expanding rapidly because of the change in the regulation of the Chinese government. Also, the increasing share of EAF-based steel production in the country is boosting the growth of the target market in China.
The key players of the Asia-Pacific Graphite Electrode Market include Showa Denko K.K., GrafTech International, Graphite India Limited, Nippon Carbon Co. Ltd., HEG Limited, Kaifeng Carbon Co., Ltd., Nantong Yangzi Carbon, SEC Carbon, Ltd., and Tokai Carbon Co., Ltd.
Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
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