United States Graphite Electrodes Market Share, Size, Growth, Opportunity and Forecast 2023-2028

United States Graphite Electrodes Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Report Format: PDF+Excel | Report ID: SR112023A5505

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Market Overview:

The United States graphite electrodes market size reached US$ 1,766.9 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 2,434.4 Million by 2028, exhibiting a growth rate (CAGR) of 5.54% during 2023-2028.

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.

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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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 report, along with forecasts at the country and regional level from 2023-2028. Our report has categorized the market based on product type and application.

Breakup by Product Type:

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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:

Report Features	Details
Base Year of the Analysis	2022
Historical Period	2017-2022
Forecast Period	2023-2028
Units	US$ Million
Segment Coverage	Product Type, Application, Region
Region Covered	Northeast, Midwest, South, West
Customization Scope	10% Free Customization
Report Price and Purchase Option	Single User License: US$ 2699 Five User License: US$ 3699 Corporate License: US$ 4699
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 United States graphite electrodes market was valued at US$ 1,766.9 Million in 2022.

We expect the United States graphite electrodes market to exhibit a CAGR of 5.54% during 2023-2028.

The rising demand for graphite electrodes across various industries, such as construction, aerospace, automotive, etc., as they exhibit enhanced scalability, durability, stable chemical properties, low electrical resistance, etc., is primarily driving the United States graphite electrodes market.

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

Based on the product type, the United States 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 United States 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 Northeast, Midwest, South, and West.

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