Graphite Electrodes Market Size to Expand at a CAGR of 4% during 2019-2024

Global Graphite Electrodes Market Research Report and Forecast 2024

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Global Graphite Electrodes Market Overview: According to the latest graphite electrodes market report by IMARC Group, titled “ Graphite Electrodes Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 201 9-2024 �, the global graphite electrodes market size is experiencing steady growth. Graphite electrodes are cylindrical structures that are usually made up of premium petroleum needle coke, coal tar pitch and additives. They are characterized by low electrical resistance, excellent mechanical strength, thermal expansion, thermal shock resistance and machinability. Since they can withstand high temperatures, they are utilized in the steelmaking process to transfer electrical energy from the power source to the steel melt in the electric arc furnace (EAF) bath. These electrodes are also employed in ladle furnace (LF) for the production of steel, ferroalloy, and silicon metal and the smelting process.

Global Graphite Electrodes Industry Trends: The escalating demand for high-quality steel is currently driving the growth of the market. An increase in the need for graphite electrodes from the steel-oriented sectors, including automotive, construction and defense, has bolstered their sales across the globe. Apart from this, there has been a shift from the basic oxygen furnaces (BOF) to EAFs, owing to their lower installation costs and environmental impact.

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157.3 146.7 152.0 141.4 136.1 125.5 130.8

160 140 120 100 80 60 40 20 0

120.2 2011

2012

2013

2014

2015

2016

2017

2018

In Billion US$

in Billion US$

Report Description

180 160 140 120 100 80 60 40 20 0

160.0 2019

175.9

181.2

186.5

165.3

170.6

2020

2021

2022

2023

2024

In line with this, the manufacturers are investing in research and development (R&D) activities to improve the efficiency and conductivity of these electrodes. On account of these factors, the global graphite electrodes market is expected to grow at a CAGR of 4% during 2019-2024.

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Furthermore, the rising demand for anti-corrosive products from the oil and gas sector for oil wells and pipelines is creating a positive outlook for the market. This trend is, in turn, providing a stimulus to the market as these electrodes form an indispensable component of EAFs. Market Segmentation by Product Type • • •

Ultra-high Power (UHP) High Power (HP) Regular Power (RP)

Based on the product type, the market has been divided into Ultra-High Power (UHP), High Power (HP) and Regular Power (RP) electrodes.

For more information, click here: https://www.imarcgroup.com/graphite-electrodes-market Market Segmentation by Application • •

Electric Arc Furnace Ladle Furnace

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Non-Steel Application

On the basis of the application, the market has been categorized into electric arc furnace, ladle furnace and non-steel applications.

Market Segmentation by Region • • • • •

Asia Pacific Europe North America Middle East and Africa Latin America

On the geographical front, the market has been segregated into Asia Pacific, Europe, North America, Middle East and Africa, and Latin America.

Competitive Landscape: The competitive landscape of the market has also been examined with some of the key players.

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Report Description • • • • • • • • • • • •

Energoprom Group Fanda Carbon New Material Co. LTD Graftech International HEG Limited Nantong Yangzi Carbon Co. Ltd Graphite India SHOWA DENKO Beijing Great Wall Co., Ltd Nippon Carbon Co Ltd Ameri-Source Specialty Products Tokai Carbon Co., Ltd Schutzcarbon

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