Market Overview:

The United States graphite electrodes market is expected to exhibit a CAGR of 5.48% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.

Graphite electrodes are primarily used in electric arc furnaces (EAF) for manufacturing steel. They are made up of petroleum needle coke and coal tar pitch. Since graphite exhibits enhanced durability, scalability, high thermal conductivity, and low electrical resistance, these electrodes are widely used for multiple applications across diverse sectors.

United States Graphite Electrodes Market Trends:

The market in the United States is majorly driven by considerable growth in the automotive sector. This, along with the increasing manufacturing of electric vehicles (EVs) across the country, is significantly contributing to the market growth. Furthermore, the rising product demand in the production of lithium-ion (Li-ion) batteries is positively influencing the market growth. Moreover, the escalating demand for anti-corrosive products in the oil and gas sector is further propelling the market growth. Additionally, the widespread adoption of ultra-high power graphite electrodes for recycling steel in EAF is providing a boost to market growth since these product variants are characterized by low electrical resistivity, high-temperature resistance, higher thermal and electrical conductivity, and ultra-high bending resistance.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the United States graphite electrodes market, along with forecasts at the country and regional level from 2022-2027. 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:

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

Breakup by Region:

• Northeast
• Midwest
• South
• West
   

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players.

Report Coverage:

Key Questions Answered in This Report:

• How has the United States graphite electrodes market performed so far and how will it perform in the coming years?
• What has been the impact of COVID-19 on the United States graphite electrodes market?
• What are the key regional markets?
• What is the breakup of the market based on the product type?
• What is the breakup of the market based on the application?
• What are the various stages in the value chain of the industry?
• What are the key driving factors and challenges in the industry?
• What is the structure of the United States graphite electrodes market and who are the key players?
• What is the degree of competition in the industry?