Europe Graphite Electrodes Market

Europe Graphite Electrode Market Analysis Report (2022 - 2027)

The Europe Graphite Electrodes Market is expected to grow in a significant way over the forecast period. It is estimated that the graphite electrode market in the European region is growing at a CAGR of 4.23% throughout the projection period of 2022 - 2027.

 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.

Graphite electrodes are majorly utilized in electric arc furnace (EAF) and ladle furnace (LF) for the manufacturing of steel, ferroalloy, silicon metal, production, and smelting in the European region.

Recent Developments

• 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. 

Drivers and Restraints of Europe Graphite Electrode Market

The rising demand for the steel in oil & gas, construction, and automotive industries is the primary driver of the Europe Graphite Electrode Market. Also, the popularity of these graphite electrodes in the European countries owing to the flexibility, quick turnaround time, and lower fixed costs of EAF is boosting the growth of the Europe Graphite Electrode Market over the forecast period.

However, volatility in the prices of these electrodes because of the low availability of raw material and fluctuation in the mining is the major challenge that is hampering the Europe Graphite Electrode Market size.

Market Segmentation of Europe Graphite Electrode Market with evaluated size and share until 2025.

• By Product Type: Ultra-High Power (UHP), High Power (HP), And Regular Power (RP). Among these, Graphite electrode ultra-high power segment is widely used and held more than 65% of the revenue share of the target market in Europe, which is expected to continue its dominance during the outlook period.

• By Application: Steel, Silicon Metal, and Aluminum.

• By Region: UK, France, Spain, Germany, Italy, Russia, Sweden, Denmark, Switzerland, Netherlands, Turkey, Czech Republic & Rest of Europe. In the regional analysis of the Europe Graphite Electrode Market, Germany has garnered a significant share of the market's revenue owing to the presence and the emergence of the major engineering firms. Also, the United Kingdom is estimated to grow at a higher CAGR during the prediction period due to rising construction industry.

The key players of the Europe 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.