Market Overview:
The global graphite electrodes market size reached US$ 6.2 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 8.8 Billion by 2028, exhibiting a growth rate (CAGR) of 5.9% during 2023-2028.
Graphite electrodes are large cylindrical structures made up of petroleum needle coke and coal tar pitch. They conduct electrical energy from the power source and convert it into heat which is used to melt scrap metal. Since graphite has high thermal conductivity and low electrical resistance, these electrodes can generate heat up to the temperature of 1600 degree Celsius. They are primarily used in Electric Arc Furnaces (EAF) and Blast Oxygen Furnaces (BOF) for steelmaking and smelting ferrous alloys. These electrodes help in the manufacturing of high-quality products that can withstand high heat dissipation have high electrical conductivity and exhibit exceptional mechanical strength.
Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.
The rising demand for graphite electrodes in steel-oriented sectors such as construction, automotive, infrastructure, and aerospace and defense are the key factor driving the market. The increasing requirement of anti-corrosive products for oil and petroleum wells and pipelines in the oil and gas sector has further enhanced the use of EAF, and subsequently catalyzed the demand for these electrodes. Additionally, the increasing requirement for Ultra-High Power (UHP) graphite electrodes is another market trend that is projected to drive the market. UHP has a higher thermal and electrical conductivity and can swiftly melt scrap to manufacture steel. It is therefore highly preferred by steel manufacturers, and its demand is expected to grow substantially in the coming years.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global graphite electrodes market report, along with forecasts at the global and regional level from 2023-2028. Our report has categorized the market based on product type and application.
Breakup by Product Type:
- Ultra-high Power (UHP)
- High Power (HP)
- Regular Power (RP)
Breakup by Application:
Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.
- Electric Arc Furnace
- Ladle Furnace
- Non-Steel Application
Breakup by Region:
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- Asia Pacific
- Europe
- North America
- Middle East and Africa
- Latin America
Competitive Landscape:
The report has also analysed the competitive landscape of the market with some of the key players being 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, etc
IMARC Group’s latest report provides a deep insight into the global graphite electrodes market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the global graphite electrodes market in any manner.
Report Coverage:
Report Features |
Details |
Base Year of the Analysis |
2022 |
Historical Period |
2017-2022 |
Forecast Period |
2023-2028 |
Units |
US$ Billion |
Segment Coverage |
Product Type, Application, Region |
Region Covered |
Asia Pacific, Europe, North America, Latin America, Middle East and Africa |
Companies Covered |
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 and Schutzcarbon |
Customization Scope |
10% Free Customization |
Report Price and Purchase Option |
Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499 |
Post-Sale Analyst Support |
10-12 Weeks |
Delivery Format |
PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |