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Graphite Electrodes Market Analysis – By Product Type (Ultra-High Power, High-Power, Regular-Power), By Application (Steel Production, Silicon Metal Production, Aluminum Production), By Region (North America, Latin America, Europe, Asia Pacific, Middle East & Africa) – Global Industry Size, Share, Growth, Trends & Forecast | 2022 to 2027

Published: January, 2022
ID: 9041
Pages: 140
Formats: report pdf report excel report power bi report ppt

Graphite Electrodes Market Size, Share & Forecast (2021 - 2026)

According to the latest report, the size of the Global Graphite Electrodes Market is estimated to grow at a CAGR of 4.46% during the forecast period.

Graphite electrode is the main component in producing steel through the EAF. In China, there is a rise in the availability of steel scrap, which increases the EAF, thereby helping the growth of demand for the target market. Electrodes are made of graphite because they have the capability to withstand high temperatures. The size of electrodes differs widely from 75mm to 750mm in diameter and 2800mm in length. The global graphite electrode market is segmented by product as ultra-high power (UHP), regular power(RP), and high power(HP). Steel is dominating the graphite electrode industry and will maintain its lead during the forecast period. The ultra-high-power product is likely to be the fastest-growing segment in the forecast period. All major global players are into the manufacturing of graphite electrodes. Petroleum needle coke is used mainly for lithium-ion material.

The recent trends in innovative infrastructure are boosting up the growth of the global graphite electrodes market. In the coming five years, there will be a significant upward trend in the demand of these graphite electrodes. The capacity of the needle coke and graphite electrode are some of the factors propelling the demand for graphite electrodes. In China, the prices of the graphite electrode grown to 700% in 2017.

The growth of this market is based on its products and its applications. Needle coke (either coal or petroleum-based) is the primary raw material used to produce a graphite electrode. Graphite electrodes vary in size and play a major role in melting scrap. The availability of raw materials is decreasing the production rate and slowly restrains the market growth. The installation and maintenance cost of the equipment is limiting the expansion of the global graphite electrodes market.

Driving Factors

Increasing demand for the production of steel and iron is a major factor propelling the demand of the market. The rise in the construction of buildings with effective raw materials is boosting up the growth of the market.

Major Challenges

However, fluctuations in the availability of raw materials are decreasing the production rate of the final products and this is slowly restraining the growth of the market. The high cost for installation and maintenance of the complete equipment is declining the demand of the graphite electrodes market.

Potential Opportunities

Growing capital income in developed and developing countries is solely to set up growth opportunities for the market. Rising prevalence to manufacture high quality and thermal resistant materials in the steel industry is likely to fuel the demand of the market. Shifting trends towards innovative infrastructures is boosting up the growth of the graphite electrodes market.

REPORT COVERAGE:

REPORT METRIC

DETAILS

Market Size Available

2021 – 2026

Base Year

2020

Forecast Period

2021 - 2026

CAGR

4.8%

Segments Covered

By Type, Application, and Region

Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities

Regions Covered

North America, Europe, APAC, Latin America, Middle East & Africa

Market Leaders Profiled

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

 

Graphite Electrodes Market Size, Share

This research report includes the segmentation & sub-segmentation of the Global Graphite Electrodes Market until 2025.

Graphite Electrodes Market – By Product Type

  • Ultra-High Power
  • High-Power
  • Regular-Power

On the basis of product type, High power product type is leading with dominant shares of the market. Increasing investments on the end-user with the support from government is elevating the growth of the market.

Graphite Electrodes Market – By Application

  • Steel Production
  • Silicon Metal Production
  • Aluminum Production

On the basis of application, the Steel production application witnessed the largest shares of the market. Growing steel-based construction of buildings is leveraging the demand of the market.

Graphite Electrodes Market – By Region

  • North America - (U.S, Canada)

  • Europe - (UK, France, Spain, Germany, Italy, Russia, Sweden, Denmark, Switzerland, Netherlands, Turkey, Czech Republic & Rest of Europe)

  • Asia Pacific - (India, China, Japan, South Korea, Australia & New Zealand, Thailand, Malaysia, Vietnam, Philippines, Indonesia, Singapore & Rest of APAC)

  • Latin America - (Brazil, Mexico, Argentina, Chile & Rest of LATAM)

  • Middle East & Africa - (KSA, UAE, Israel, rest of GCC countries, South Africa, Ethiopia, Kenya, Egypt, Sudan, rest of MEA)

Globally, North America is accounted for the highest shares of the market. The adoption of the latest technologies and the launch of innovative techniques to improve the quality of the products is primarily leveling up the growth of the market. Also, increasing disposable income in urban areas is escalating the demand of the market.

The Asia Pacific is following North America in holding dominant shares of the market. Increasing revenue in most of the countries is broadening the growth of this market. Europe is growing constantly in recent years and is expected to have the highest growth rate in the coming years. The growing production rate of steel using electric arc furnace applications is gearing up the demand of the market. The Middle East and Africa are anticipated to have inclined growth rates in foreseen years.

Top companies in the market

ENERGOPROM Group, Fangda Carbon New Material Technology Co. Ltd, GrafTech International, Graphite India Limited, HEG Limited, Jilin Carbon Co. Ltd, Kaifeng Carbon Co. Ltd, and Nantong Yangzi Carbon Co. Ltd are few of the major companies leading the Global Graphite Electrodes Market.

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