Graphite Electrodes Market unveils a succinct analysis of the market size, regional spectrum and revenue forecast about the Graphite Electrodes market. Furthermore, the report points out major challenges and latest growth plans embraced by key manufacturers that constitute the competitive spectrum of this business domain.
The major key questions addressed through this innovative research report:
1. What are the major challenges in front of the global Graphite Electrodes market?
2. Who are the key vendors of the global Graphite Electrodes market?
3. What are the leading key industries of the global Graphite Electrodes market?
4. Which factors are responsible for driving the global Graphite Electrodes market?
5. What are the key outcomes of SWOT and Porter’s five analysis?
6. What are the major key strategies for enhancing global opportunities?
7. What are the different effective sales patterns?
8. What will be the global market size in the forecast period?
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Graphite Electrodes Market Growing demand for steel in construction, oil & gas, and automotive industries is expected to fuel the graphite electrode market, more than 50% of the steel produced globally was used in the building & infrastructure industry.
Graphite Electrodes Market is valued at 9426.90 USD Million in 2017 and expected to reach USD 12598.47 Million by 2024 with the CAGR of 4.23% over the forecast period.
Graphite Electrodes report published by the Brandessence Market Research & Consulting Pvt. Ltd. provides the detail information about graphite electrodes market from various aspects. This report includes drivers, restrains, opportunities which help the market to grow over the analysis period and recent trends which supports the growth of market. This report provides details analysis of regional segmentation with type and application.
Global graphite electrodes market report covers prominent players like GrafTech U.S., Fangda Carbon China, SGL Carbon Germany, Showa Denko Japan, Graphite India, HEG India, Tokai Carbon Japan, Nippon Carbon Japan, SEC Carbon Japan and Others. GrafTech U.S., Fangda Carbon China and Graphite India collectively accounts 454,000 tones production Capacity.
Graphite electrodes are one of a kind of conductor and an essential component in the steelmaking process. In this process, iron scrap gets melted in an electric arc furnace and recycled. It is the graphite electrodes inside the furnace that actually melt the iron. Graphite shows high thermal conductivity and is very resistant to heat and impact. It possesses the low electrical resistance, means it can conduct the large electrical currents needed to melt iron. Graphite electrodes are mainly used in electric arc furnace (EAF) and ladle furnace (LF) for steel production, ferroalloy, silicon metal Graphite electrodes are used in electric arc furnace (EAF) and ladle furnace (LF) for steel production, ferroalloy production, silicon metal production and smelting processes
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Graphite Electrodes Market Segmentation
Regular Power (RP)
High Power (HP)
Ultra-high Power (UHP)
Steel and Nonferrous Metals
There are various factors driving the growth of the graphite electrodes one of the majors driving the growth of the market are growing demand of steel from developing country and different industries like construction, oil & gas, and automotive industries. In addition to this, China own requirement for graphite electrodes is expected to jump enormously. This is led by twin factors of closing units operating on inefficient steel-making technology having an adverse environmental impact and replacing it with units with electric arc furnace (EAF) technology. China closed induction and blast furnace units having around 155 Million Tons and 115 Million Tons capacities, respectively. At the same time, China has been installing and commenced construction for 105 new EAFs, with a capacity of 66 Million Tons. Graphite electrode ultra-high power (UHP) segment were widely used and accounting for more than 65% of the revenue share and are expected to show continues dominance during the forecast period 2018-2024.
Unstable raw material prices are expected to restrain the market growth of graphite electrodes due to adverse impact on supply as well as profit margins of manufacturers. Needle coke is prime raw material used for the manufacturing of graphite electrode. Needle coke has contribution of approximately 39% of the total cost of the finished graphite electrodes product. Fluctuation in the global crude oil price is expected to hamper the growth of needle coke market.
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