According to Stratistics MRC, the Global Graphite Electrode Market is accounted for $4,431.49 million in 2020 and is expected to reach $8,511.14 million by 2028 growing at a CAGR of 8.5% during the forecast period. Factors such as rising demand from steel-oriented sectors and increasing requirement of anti-corrosive products are driving the growth of the market. However, high price of raw materials is hampering the growth of the market.
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Based on the electrode grade, the ultra high power (UHP) segment is anticipated to expand at a rapid pace during the forecast period due to its higher thermal and electrical conductivity and the ability to swiftly melt scrap to manufacture steel. By geography, Asia Pacific is going to have high growth during the forecast period which can be attributed to the increasing industrialization in the countries like China and India.
Some of the key players profiled in the Graphite Electrode Market include Nippon Carbon Co. Ltd, Graphite India Limited, EPM Group, SEC Carbon Limited, GrafTech International, Fangda Carbon New Material Technology Co. Ltd, SANGRAF International Inc., Tokai Carbon Co. Ltd, Kaifeng Pingmei New Carbon Material Technology Co. Ltd, Jilin Carbon Co. Ltd, HEG Limited, SHOWA DENKO K.K., and Nantong Yangzi Carbon Co. Ltd.
Electrode Grades Covered:
• Regular Power (RP)
• High Power (HP)
• Ultra High Power (UHP)
• Super High Power (SHP)
Raw Materials Covered:
• Pitch Coke
• Petroleum Coke
• Needle Coke
• Coal Pitch
Applications Covered:
• Electric Arc Furnace (Ore Smelting Electric Arc Furnace)
• Basic Oxygen Furnace
• Ladle Furnace
• Resistance Furnace
• Aluminum Production
• Silicon Metal
• Steel and Nonferrous Metals
• Charging Practice
• Burner/Oxygen Usage
• Slag Practice
• Fume Control System
• Fused Materials
• Chemical Processing
Sales Channels Covered:
• Direct Channel
• Distribution Channel
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
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