Graphite Electrodes Market Report by Product Type (Ultra-high Power (UHP), High Power (HP), Regular Power (RP)), Application (Electric Arc Furnace, Ladle Furnace, Non-Steel Application), and Region 2024-2032

Graphite Electrodes Market Report by Product Type (Ultra-high Power (UHP), High Power (HP), Regular Power (RP)), Application (Electric Arc Furnace, Ladle Furnace, Non-Steel Application), and Region 2024-2032

Report Format: PDF+Excel | Report ID: SR112024A1344
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Market Overview:

The global graphite electrodes market size reached US$ 6.6 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 10.5 Billion by 2032, exhibiting a growth rate (CAGR) of 5.2% during 2024-2032.

Report Attribute 
Key Statistics
Base Year
2023
Forecast Years
2024-2032
Historical Years
2018-2023
Market Size in 2023
US$ 6.6 Billion
Market Forecast in 2032
US$ 10.5 Billion
Market Growth Rate 2024-2032 5.2%


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.

Graphite Electrode Market

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. 

 

 
 

 

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.

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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 2024-2032. 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.

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  • Electric Arc Furnace
  • Ladle Furnace
  • Non-Steel Application
     

Breakup by Region:

 

 
 

 

To get more information on the regional analysis of this market, Request Sample

  • 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 2023
Historical Period 2018-2023
Forecast Period 2024-2032
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, Schutzcarbon
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 3899
Five User License: US$ 4899
Corporate License: US$ 5899
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)

Key Questions Answered in This Report

The global graphite electrodes market was valued at US$ 6.6 Billion in 2023.

We expect the global graphite electrodes market to exhibit a CAGR of 5.2% during 2024-2032.

The rising demand for graphite electrodes in various steel-oriented sectors, such as construction, aerospace, automotive, etc., as they offer low electrical resistance and excellent mechanical strength and machinability, is primarily driving the global graphite electrodes market.

The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations, resulting in the temporary halt in numerous production activities for graphite electrodes.

Based on the product type, the global graphite electrodes market has been segregated into Ultra-high Power (UHP), High Power (HP), and Regular Power (RP). Among these, Ultra-high Power (UHP) currently exhibits a clear dominance in the market.

Based on the application, the global graphite electrodes market can be bifurcated into electric arc furnace, ladle furnace, and non-steel application. Currently, electric arc furnace holds the largest market share.

On a regional level, the market has been classified into Asia Pacific, Europe, North America, Middle East and Africa, and Latin America, where Asia Pacific currently dominates the global market.

Some of the major players in the global graphite electrodes market include 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.

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Graphite Electrodes Market Report by Product Type (Ultra-high Power (UHP), High Power (HP), Regular Power (RP)), Application (Electric Arc Furnace, Ladle Furnace, Non-Steel Application), and Region 2024-2032
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