Graphite Electrode Rod Market
Graphite Electrode Rod Market Scope: Industry
Analysis, Market Size, Growth, Trends Till 2031
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Graphite Electrode Rod Market Size and Growth
The Graphite Electrode Rod market is witnessing significant growth, driven by increasing demand in steel production and electric arc furnaces. Current market size is estimated at approximately $3 billion, with projections indicating a compound annual growth rate (CAGR) of around 6% over the next five years, influenced by technological advancements and expanding applications.
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Companies Covered
(Covid 19 Impact Covered)
◍ Showa Denko K.K
◍ FANGDA CARBON
◍ GrafTech
◍ Graphite India Limited (GIL)
◍ HEG Limited
◍ Tokai Carbon
◍ Jilin Carbon
◍ Yangzi Carbon
◍ Kaifeng Carbon Co., Ltd
◍ SEC
◍ Nippon Carbon
◍ Energoprom Group
The Graphite Electrode Rod Market features key players like Showa Denko K.K, GrafTech, and HEG Limited, focusing on product innovation and sustainability. Companies enhance the market through strategic collaborations, technological advancements, and expanding production capacities. Sales figures include GrafTech's $1.2 billion and HEG's $0.5 billion in recent revenues.
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Market Segmentation
By Application
◍ Electric ARC Furnace Steel
◍ Others (Phosphorus, Silicon, etc)
By Product
◍ Regular Power (RP) Graphite
Electrodes
High Power (HP) Graphite
Electrodes
Ultra High Power (UHP) Graphite
Electrodes
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Market Growth
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$ X Billion USD
