United States 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
The United States graphite electrodes market size reached US$ 1,864.8 Million in 2023. Looking forward, IMARC Group expects the market to reach US$ 2,889.4 Million by 2032, exhibiting a growth rate (CAGR) of 4.99% during 2024-2032.
Report Attribute
Key Statistics
Base Year
2023
Forecast Years
2024-2032
Historical Years
2018-2023
Market Size in 2023
US$ 1,864.8 Million
Market Forecast in 2032
US$ 2,889.4 Million
Market Growth Rate 2024-2032
4.99%
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 MarketTrends:
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 2024-2032. Our report has categorized the market based on product type and application.
Breakup by Product Type:
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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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
2023
Historical Period
2018-2023
Forecast Period
2024-2032
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$ 3699
Five User License: US$ 4699
Corporate License: US$ 5699
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$ 1,864.8 Million in 2023.
We expect the United States graphite electrodes market to exhibit a CAGR of 4.99% during 2024-2032.
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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