Graphite Electrodes Market - Growth, Trends and Forecast ...

"Graphite Electrodes Market" is expected to witness significant growth in the coming years, primarily driven by the growing demand for (Electric Arc Furnace Steel, Other (Phosphorus, Silicon, etc.)), Based on the type, the market can be segmented into (Regular Power Graphite Electrodes, High Power Graphite Electrodes, Ultra High Power (UHP) Graphite Electrodes). The report presents the research and analysis provided within the Graphite Electrodes Market Research is meant to benefit stakeholders, vendors, and other participants in the industry. The Graphite Electrodes market is expected to grow annually by magnificent (CAGR - ).

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Browse Detailed TOC of Graphite Electrodes Market report which is spread across 107+ Pages, Tables and Figures with Charts that provides exclusive data, information, vital statistics, trends, and competitive landscape details in this niche sector.

Who is the largest manufacturers of Graphite Electrodes Market worldwide?

• Showa Denko K.K
• Fangda Carbon New Material
• GrafTech International
• Graphite India Limited (GIL)
• HEG Limited
• Tokai Carbon
• SEC Carbon, Ltd
• Energoprom Group
• Jilin Carbon
• Kaifeng Carbon
• Nantong Yangzi Carbon

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Short Description About Graphite Electrodes Market:

The Global Graphite Electrodes market is anticipated to rise at a considerable rate during the forecast period, between and . In , the market is growing at a steady rate and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.

Graphite electrode are used mainly in electric arc furnace steel production. They are presently the only products available that have both high levels of electrical conductivity and the capability of sustaining the extreme heat generated in this demanding environment.

Market Analysis and Insights: Global Graphite Electrodes Market

Due to the COVID-19 pandemic, the global Graphite Electrodes market size is estimated to be worth USD .4 million in and is forecast to a readjusted size of USD .5 million by with a CAGR of 3.5Percent during the review period. Fully considering the economic change by this health crisis, Regular Power Graphite Electrodes accounting for Percent of the Graphite Electrodes global market in , is projected to value USD million by , growing at a revised Percent CAGR in the post-COVID-19 period. While Electric Arc Furnace Steel segment is altered to an Percent CAGR throughout this forecast period.

Global graphite electrode key players include GrafTech International, Showa Denko K.K, Tokai Carbon, Fangda Carbon New Material, Graphite India Limited (GIL), etc. Global top 2 manufacturers hold a share about 35Percent. Asia-Pacific is the largest market, with a share about 48Percent, followed by Europe and North America. In terms of product, ultra high power (UHP) graphite electrodes is the largest segment, with a share over 77Percent. And in terms of application, the largest application is electric arc furnace steel.

In terms of production side, this report researches the Graphite Electrodes capacity, production, growth rate, market share by manufacturers and by region (region level and country level), from to , and forecast to .

In terms of sales side, this report focuses on the sales of Graphite Electrodes by region (region level and country level), by company, by Type and by Application. from to and forecast to .

Global Graphite Electrodes Scope and Segment

Graphite Electrodes market is segmented by Type and by Application. Players, stakeholders, and other participants in the global Graphite Electrodes market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on production capacity, revenue and forecast by Type and by Application for the period -.

What are the factors driving the growth of the Graphite Electrodes Market?

Growing demand for below applications around the world has had a direct impact on the growth of the Graphite Electrodes

• Electric Arc Furnace Steel
• Other (Phosphorus, Silicon, etc.)

What are the types of Graphite Electrodes available in the Market?

Based on Product Types the Market is categorized into Below types that held the largest Graphite Electrodes market share In .

• Regular Power Graphite Electrodes
• High Power Graphite Electrodes
• Ultra High Power (UHP) Graphite Electrodes

Which regions are leading the Graphite Electrodes Market?

• North America (United States, Canada and Mexico)
• Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
• Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
• South America (Brazil, Argentina, Columbia etc.)
• Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

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This Graphite Electrodes Market Research/Analysis Report Contains Answers to your following Questions

• What are the global trends in the Graphite Electrodes market? Would the market witness an increase or decline in the demand in the coming years?
• What is the estimated demand for different types of products in Graphite Electrodes? What are the upcoming industry applications and trends for Graphite Electrodes market?
• What Are Projections of Global Graphite Electrodes Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What about Import and Export?
• Where will the strategic developments take the industry in the mid to long-term?
• What are the factors contributing to the final price of Graphite Electrodes? What are the raw materials used for Graphite Electrodes manufacturing?
• How big is the opportunity for the Graphite Electrodes market? How will the increasing adoption of Graphite Electrodes for mining impact the growth rate of the overall market?
• How much is the global Graphite Electrodes market worth? What was the value of the market In ?
• Who are the major players operating in the Graphite Electrodes market? Which companies are the front runners?
• Which are the recent industry trends that can be implemented to generate additional revenue streams?
• What Should Be Entry Strategies, Countermeasures to Economic Impact, and Marketing Channels for Graphite Electrodes Industry?

Graphite Electrodes Market - Covid-19 Impact and Recovery Analysis:

We were monitoring the direct impact of covid-19 in this market, further to the indirect impact from different industries. This document analyzes the effect of the pandemic on the Graphite Electrodes market from a international and nearby angle. The document outlines the marketplace size, marketplace traits, and market increase for Graphite Electrodes industry, categorised with the aid of using kind, utility, and patron sector. Further, it provides a complete evaluation of additives concerned in marketplace improvement in advance than and after the covid-19 pandemic. Report moreover done a pestel evaluation within the business enterprise to study key influencers and boundaries to entry.

Our studies analysts will assist you to get custom designed info to your report, which may be changed in phrases of a particular region, utility or any statistical info. In addition, we're constantly inclined to conform with the study, which triangulated together along with your very own statistics to make the marketplace studies extra complete for your perspective.

Final Report will add the analysis of the impact of Russia-Ukraine War and COVID-19 on this Graphite Electrodes Industry.

Detailed TOC of Global Graphite Electrodes Market Research Report, -

1 Market Overview 1.1 Product Overview and Scope of Graphite Electrodes 1.2 Classification of Graphite Electrodes by Type 1.2.1 Overview: Global Graphite Electrodes Market Size by Type: Versus Versus 1.2.2 Global Graphite Electrodes Revenue Market Share by Type in 1.3 Global Graphite Electrodes Market by Application 1.3.1 Overview: Global Graphite Electrodes Market Size by Application: Versus Versus 1.4 Global Graphite Electrodes Market Size and Forecast 1.5 Global Graphite Electrodes Market Size and Forecast by Region 1.6 Market Drivers, Restraints and Trends 1.6.1 Graphite Electrodes Market Drivers 1.6.2 Graphite Electrodes Market Restraints 1.6.3 Graphite Electrodes Trends Analysis

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2 Company Profiles 2.1 Company 2.1.1 Company Details 2.1.2 Company Major Business 2.1.3 Company Graphite Electrodes Product and Solutions 2.1.4 Company Graphite Electrodes Revenue, Gross Margin and Market Share (, , and ) 2.1.5 Company Recent Developments and Future Plans

3 Market Competition, by Players 3.1 Global Graphite Electrodes Revenue and Share by Players (,,, and ) 3.2 Market Concentration Rate 3.2.1 Top3 Graphite Electrodes Players Market Share in 3.2.2 Top 10 Graphite Electrodes Players Market Share in 3.2.3 Market Competition Trend 3.3 Graphite Electrodes Players Head Office, Products and Services Provided 3.4 Graphite Electrodes Mergers and Acquisitions 3.5 Graphite Electrodes New Entrants and Expansion Plans

4 Market Size Segment by Type 4.1 Global Graphite Electrodes Revenue and Market Share by Type (-) 4.2 Global Graphite Electrodes Market Forecast by Type (-)

5 Market Size Segment by Application 5.1 Global Graphite Electrodes Revenue Market Share by Application (-) 5.2 Global Graphite Electrodes Market Forecast by Application (-)

6 Regions by Country, by Type, and by Application 6.1 Graphite Electrodes Revenue by Type (-) 6.2 Graphite Electrodes Revenue by Application (-) 6.3 Graphite Electrodes Market Size by Country 6.3.1 Graphite Electrodes Revenue by Country (-) 6.3.2 United States Graphite Electrodes Market Size and Forecast (-) 6.3.3 Canada Graphite Electrodes Market Size and Forecast (-) 6.3.4 Mexico Graphite Electrodes Market Size and Forecast (-)

7 Research Findings and Conclusion

8 Appendix 8.1 Methodology 8.2 Research Process and Data Source 8.3 Disclaimer

9 Research Methodology

10 Conclusion

Continued&#;.

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New York, United States, March 19, (GLOBE NEWSWIRE) -- Large, cylindrical graphite electrodes are typically manufactured with coal tar pitch, premium petroleum needle coke, and a few additives. They convert the power source's electrical energy into heat for melting scrap metal. Due to graphite's high thermal conductivity and low electrical resistance, these electrodes can generate temperatures as high as 1,600 degrees Celsius. Graphite Electrode is utilized primarily in Electric Arc Furnaces (EAF) and Blast Oxygen Furnaces (BOF) to produce steel and melt ferrous alloys. These electrodes have a high electrical conductivity, are resistant to high heat dissipation, and possess exceptional mechanical strength.

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Rising Demand to Enhance Battery Performance Drives the Global Market

According to Straits Research, "The global graphite electrode market was valued at USD 9.22 billion in . It is estimated to reach USD 13.58 billion by , growing at a CAGR of 4.40% during the forecast period (&#;)." The demand for graphite in numerous applications, lithium-ion batteries being one of the most significant, drives the graphite electrode market. The broad adoption of lithium-ion batteries may be observed in various applications such as electric vehicles (EVs), portable devices, and renewable energy storage systems. Therefore, any advancement or improvement in lithium-ion battery technology can significantly impact the graphite electrode market.

Substituting 15% of graphite with Ionisil in a water-based CMC/SBR binder system produces electrodes with a stable capacity of 740 mAh/g, three times that of a pure graphite anode. This increased capacity substantially improves the performance of lithium-ion batteries, allowing for longer battery life and greater energy storage capacities. Thus, the trend above propels the global graphite electrode market's expansion.

Rising Availability of Steel Scrap in China Creates Tremendous Opportunities

China's scrap consumption is rising rapidly due to the shutdown of substandard steel capacities caused by the dangerous effects of carbon dioxide emissions from induction furnaces. This development has aided China's transition to the surging use of electric arc furnaces (EAF) for steel production. According to official data, the country imported 552,892 tons of steel scrap in , up 1,938% from .

China is expected to increase its steel scrap consumption by 23% to 320 million tons to meet its climate commitments by . China's efforts to increase its steel production through EAFs, which require graphite electrodes, are expected to increase demand for them in the coming years. Utilizing EAF would favor scrap steel over virgin ore. It is anticipated that the increase in EAF production will increase steel scrap usage in the country, thereby creating enormous opportunities for the growth of the graphite electrode market.

Regional Analysis

Asia-Pacific is the most significant global graphite electrode market shareholder and is expected to grow substantially during the forecast period. The development in the Asia-Pacific region can be attributed to China and India's expanding steel industries. Graphite electrodes are an indispensable part of the steelmaking process. They are the primary source of heat in electric arc furnaces for smelting scrap metal and producing new steel. Rapid infrastructure development in these nations fuels steel demand, which drives market expansion over the forecast period. According to secondary research, China allocated USD 573 billion in SPBs to local governments in , of which 97% had been issued by December 15, . Due to the increasing investments of regional industry players, the Asia-Pacific region is anticipated to experience rapid growth over the forecast period. In October , JSW Steel invested INR 150 billion to build a steel plant in Jammu and Kashmir and fuel manufacturing in the region. Therefore, the factors above support market growth over the forecast period.

North America, particularly the United States, has a robust manufacturing infrastructure, which supports the development of the graphite electrode market. The region possesses advanced manufacturing facilities, knowledge, and technologies for producing graphite electrodes. These established capabilities enable North American manufacturers to efficiently produce graphite electrodes for industries such as steel, aluminum, and electric vehicles. The regional growth is due to the increase in steel production. According to an estimate, the American iron and steel industry contributed more than USD 520 billion in revenue and nearly two million jobs to the U.S. economy in . These employees received compensation and benefits totaling close to USD 130 billion. The sector collected USD 56 billion in federal, state, and local taxes. A strong manufacturing infrastructure promotes competitiveness, innovation, and production efficiency. It also enables manufacturers to satisfy domestic demand and expand export capacities, contributing to market growth.

Key Highlights

• Based on electrode grade, the global graphite electrode market is bifurcated into ultra-high power (UHP), high power (SHP), and regular power (RP) electrodes. The ultra-high power (UHP) electrode segment dominates the global market and is expected to expand substantially over the forecast period.
  
• Based on application, the global graphite electrode market is segmented into electric arc furnaces, basic oxygen furnaces, and non-steel applications. The electric arc furnace segment owns the highest market share and is expected to expand significantly during the forecast period.
• Asia-Pacific is the most significant global graphite electrode market shareholder and is expected to grow substantially during the forecast period.

Competitive Players

The key global graphite electrode market players are GrafTech International, Resonac Holdings Corporation, Fangda Carbon New Material Co., Ltd., Zhongze Group, Dan Carbon, Kaifeng Pingmei New Carbon Materials Technology Co., Ltd, Nantong Yangzi Carbon Co., Ltd., Nippon Carbon Co Ltd., SANGRAF International Inc., SEC CARBON, LIMITED., Tokai Carbon Co., Ltd., and others.

Market News

• In April , GrafTech International Ltd., a leading manufacturer of graphite electrode products essential to the manufacturing of electric arc furnace steel, announced the opening of a new sales office in Dubai, United Arab Emirates.
• In July , Enevate, a U.S.-based innovator of battery technologies for electric vehicles (EVs) and other markets, and JR Energy Solution (JR ES), a leader in the design of high-performance lithium-ion battery electrodes and cells, announced a joint plan to construct a battery cell electrode manufacturing facility in the U.S.

Global Graphite Electrode Market: Segmentation

By Electrode Grade

• Ultra-High Power (UHP)
• High Power (SHP)
• Regular Power (RP)

By Applications

• Electric Arc Furnace
• Basic Oxygen Furnace
• Non-Steel Applications

By Regions

• North America
• Europe
• Asia-Pacific
• Latin America
• The Middle East and Africa

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