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Pulished Date April, 2021
ID: 9041
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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 | 2021 - 2026

Pulished: April, 2021
ID: 9041
Pages: 140

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.




Market Size Available

2021 – 2026

Base Year


Forecast Period

2021 - 2026



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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  1. Introduction
    1. Market Definition
    2. Study Deliverables
    3. Base Currency, Base Year and Forecast Periods
    4. General Study Assumptions
  2. Research Methodology
    1. Introduction
    2. Research Phases
      1. Secondary Research
      2. Primary Research
      3. Econometric Modelling
      4. Expert Validation
    3. Analysis Design
    4. Study Timeline
  3. Overview
      1. Executive Summary
      2. Key Inferences
      3. New Developments
  4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
      1. Market Drivers
      2. Market Restraints
      3. Key Challenges
      4. Current Opportunities in the Market
  5. Market Segmentation
    1. By Product Type
      1. Ultra-High Power
      2. High-Power
      3. Regular-Power
      4. Y-o-Y Growth Analysis, By Product Type
      5. Market Attractiveness Analysis, By Product Type
      6. Market Share Analysis, By Product Type
    2. By Application
      1. Steel Production
      2. Silicon Metal Production
      3. Aluminum Production
      4. Y-o-Y Growth Analysis, By Application
      5. Market Attractiveness Analysis, By Application
      6. Market Share Analysis, By Application
  6. Geographical Analysis
    1. Introduction    
      1. Regional Trends   
      2. Impact Analysis    
      3. Y-o-Y Growth Analysis        
        1. By Geographical Area
        2. By Product Type
        3. By Application
      4. Market Attractiveness Analysis      
        1. By Geographical Area
        2. By Product Type
        3. By Application
      5. Market Share Analysis       
        1. By Geographical Area
        2. By Product Type
        3. By Application
        4. North America
    2. North America
      1. US
      2. Canada
    3. Europe
      1. Introduction
      2. UK
      3. France
      4. Spain
      5. Germany
      6. Italy
    4. Asia-Pacific
      1. Introduction
      2. India
      3. China
      4. Japan
      5. South Korea
      6. Australia
    5. Latin America
      1. Introduction
      2. Brazil
      3. Argentina
      4. Mexico
    6. Middle East & Africa
      1. Introduction
      2. Middle East
      3. Africa
  7. Strategic Analysis
    1. PESTLE analysis
      1. Political
      2. Economic
      3. Social
      4. Technological
      5. Legal
      6. Environmental
    2. Porter’s Five analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Consumers
      3. Threat of New Entrants
      4. Threat of Substitute Products and Services
      5. Competitive Rivalry within the Industry
  8. Market Leaders' Analysis
    1. 3D Systems Corporation
      1. Overview
      2. Product Analysis
      3. Financial analysis
      4. Legal issues
      5. Recent Developments
      6. SWOT analysis
      7. Analyst View
    2. Renesas Electronics Corporation
    3. ENERGOPROM Group
    4. Fangda Carbon New Material Technology Co. Ltd
    5. GrafTech International
    6. Graphite India Limited
    7. HEG Limited
    8. Jilin Carbon Co. Ltd
    9. Kaifeng Carbon Co. Ltd
    10. Nantong Yangzi Carbon Co. Ltd.
  9. Competitive Landscape
    1. Market share analysis
    2. Merger and Acquisition Analysis
    3. Agreements, Collaborations and Joint Ventures
    4. New Product Launches
  10. Market Outlook and Investment Opportunities
  11. Appendix
    1. List of Tables
    2. List of Figures 
  • Global, 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
  • The segment-level analysis in terms of By Diagnostic Wearable Devices, and Therapeutic Wearable Devices along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market

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