Graphite Electrode Market
Global Graphite electrode Market Size, Share & Trends Analysis Report by Electrode Grade (Ultra-High Power (UHP), High Power (SHP), Regular Power (RP)), By Application (Electric Arc Furnace, Basic Oxygen Furnace, Non-steel Application) Forecast Period 2022-2028 Update Available - Forecast 2024-2030
The global market for Graphite electrode Market is projected to have a considerable CAGR of around 6.4% during the forecast period. Graphite electrodes are a critical component in the production of electric arc steel and steel ladle refinement, as well as in the automotive sector. The increasing use of graphite in lithium-ion batteries is one of the primary reasons propelling the global market growth. The increased demand for high-quality steel is also a significant factor driving the market’s growth. Rising steel production in China using electric arc furnace technology is likely to provide an opportunity for the market. Moreover, due to their exceptional qualities, graphite electrodes will see increased application, which will provide considerable growth opportunities for market players during the forecast period. The Graphite electrode's main constraint is its rising price. The price has jumped almost five times in 2017 due to increased Chinese electrode consumption and export restrictions, the graphite electrode market may face challenges in the next years.
Segmental Outlook
The global graphite electrode market is segmented based on electrode grade, and application. Based on electrode grade, the market is segmented into ultra-high power, high power, and regular power. Further, based on application, the market is segregated into electric arc furnace, basic oxygen furnace, and non-steel application.
Global Graphite Electrode Market Share By Electrode Grade, 2021 (%)
The Ultra-High-Power Segment is Considered as Dominating Segment in the Global Graphite Electrode Market.
Among electrode grades, the ultra-high-power segment captured the largest share of the global graphite electrode market. In the electric arc furnace (EAF) sector, ultra-high power graphite electrodes are used to recycle steel. Its main constituent is high-value needle coke, which is produced from either petroleum or coal tar. Graphite electrodes are made in a cylinder shape with threaded areas on both ends. In this way, the graphite electrodes can be assembled into an electrode column using electrode nipples. Large capacity ultra-high power arc furnaces are becoming more popular to meet the demand for lower costs and improved work efficiency. As a result, the graphite electrode market is projected to be dominated by ultra-high power graphite electrodes.
Regional Outlook
Geographically, the global Graphite electrode Market is classified into four major regions including North America (the US and Canada), Europe (UK, Germany, France, Italy, Spain, and Rest of Europe), Asia-Pacific (India, China, Japan, and Rest of Asia-Pacific), and Rest of the World (Latin America and the Middle East and Africa (MEA)). North America is likely to hold a significant market CAGR in the global graphite electrode market owing to the penetration of EAF based steel production and rising high awareness regarding environmentally friendly technologies is significantly propelling the graphite electrodes during the forecast period. The increased application in various end-user verticals such as infrastructure, construction, and others will also create enormous opportunities for market growth in this region. However, the limited availability of raw materials in this region to make these electrodes may restrain the market growth.
Global Graphite Electrode Market Growth, by Region 2022-2028
Asia-Pacific Dominate the Global Graphite Electrode Market
Geographically, Asia-Pacific is projected to hold a dominating position in global graphite electrode market. China occupies the largest share in terms of consumption and production capacity of graphite electrodes on a global level. China has introduced a new pollution discharge permit policy that will take effect on March 1, 2021. As a result, the country's EAF steel supply trend is projected to improve. According to the US Geological Survey, China accounted for about 65% of global graphite mining in 2016, and 35% of consumption. The country with the second-highest production level was India, with a production level of 150,000 MT, a decrease of 20,000 MT from the year before.
Market Players Outlook
The key players in the graphite electrode market contribute significantly by providing different types of products and increasing their geographical presence across the globe. The key players of the market include Fangda Carbon New Material Technology Co. Ltd, GrafTech International, Graphite India Limited, Jilin Carbon Co. Ltd, and Showa Denko K.K among others. These market players adopt various strategies such as product launches, partnerships, collaborations, mergers, and acquisitions to sustain a strong position in the market. In 2017, Tokai Carbon Co., Ltd. acquired SGL GE's U.S. business to establish a manufacturing base in North America and expand the company's footprint in a key market for electric arc furnaces. Tokai is projected to benefit from this acquisition by establishing a strong economic foundation as a global competitor, which will be strengthened by a tri-regional structure that includes bases in Asia, Europe, and North America.
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global graphite electrode market. Based on the availability of data, information related to pipeline products, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying 'who-stands-where in the market.
1. Report Summary
1.1. Research Methods and Tools
• Current Industry Analysis and Growth Potential Outlook
• Impact of COVID-19 on the Global Graphite Electrode Industry
• Recovery Scenario of Global Graphite Electrode Industry
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Geography
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. Competitive Dashboard
3.2. Key Strategy Analysis
3.3. Key Company Analysis
3.3.1.1. Overview
3.3.1.2. Financial Analysis
3.3.1.3. SWOT Analysis
3.3.1.4. Recent Developments
4. Market Determinants
4.1. Motivators
4.2. Restraints
4.3. Opportunities
5. Market Segmentation
5.1. Global Graphite Electrode Market by Electrode Grade
5.1.1. Ultra-High Power (UHP)
5.1.2. High Power (SHP)
5.1.3. Regular Power (RP)
5.2. Global Graphite Electrode Market by Application
5.2.1. Electric Arc Furnace
5.2.2. Basic Oxygen Furnace
5.2.3. Non-steel Application
6. Regional Analysis
6.1. North America
6.1.1. US
6.1.2. Canada
6.2. Europe
6.2.1. UK
6.2.2. Germany
6.2.3. Italy
6.2.4. Spain
6.2.5. France
6.2.6. Rest of Europe
6.3. Asia-Pacific
6.3.1. China
6.3.2. India
6.3.3. Japan
6.3.4. ASEAN
6.3.5. South Korea
6.3.6. Rest of Asia-Pacific
6.4. Rest of the World
7. Company Profiles
7.1. EPM Group
7.2. Fangda Carbon New Material Technology Co. Ltd
7.3. GrafTech International
7.4. Graphite India Limited
7.5. HEG Limited
7.6. HEG Ltd
7.7. Jilin Carbon Co. Ltd
7.8. Kaifeng Pingmei New Carbon Material Technology Co. Ltd
7.9. Misano Group
7.10. Nantong Yangzi Carbon Co. Ltd
7.11. Nippon Carbon Co. Ltd
7.12. Sangraf International Inc.
7.13. Sec Carbon Limited
7.14. Schutz Carbon Electrodes Pvt Ltd
7.15. SGL Carbon SE
7.16. Showa Denko K.K.
7.17. Tokai Carbon Co. Ltd
7.18. Weaver Industries Inc
1. GLOBAL GRAPHITE ELECTRODE MARKET RESEARCH AND ANALYSIS BY ELECTRODE GRADE, 2021-2028 ($ MILLION)
2. GLOBAL ULTRA HIGH POWER (UHP) MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
3. GLOBAL HIGH POWER (SHP) MARKET RESEARCH AND ANALYSIS BY ELECTRODE GRADE, 2021-2028 ($ MILLION)
4. GLOBAL REGULAR POWER (RP) MARKET RESEARCH AND ANALYSIS BY ELECTRODE GRADE, 2021-2028 ($ MILLION)
5. GLOBAL GRAPHITE ELECTRODEMARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
6. GLOBAL GRAPHITE ELECTRODE MARKET FOR ELECTRIC ARC FURNACE MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
7. GLOBAL GRAPHITE ELECTRODE MARKET FOR BASIC OXYGEN FURNACE MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
8. GLOBAL GRAPHITE ELECTRODE MARKET FOR NON-STEEL APPLICATION MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
9. GLOBAL GRAPHITE ELECTRODE MARKET RESEARCH AND ANALYSIS BY GEOGRAPHY, 2021-2028 ($ MILLION)
10. NORTH AMERICAN GRAPHITE ELECTRODE MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
11. NORTH AMERICAN GRAPHITE ELECTRODE MARKET RESEARCH AND ANALYSIS BY ELECTRODE GRADE, 2021-2028 ($ MILLION)
12. NORTH AMERICAN GRAPHITE ELECTRODE MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
13. EUROPEAN GRAPHITE ELECTRODE MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
14. EUROPEAN GRAPHITE ELECTRODE MARKET RESEARCH AND ANALYSIS BY ELECTRODE GRADE, 2021-2028 ($ MILLION)
15. EUROPEAN GRAPHITE ELECTRODE MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
16. ASIA-PACIFIC GRAPHITE ELECTRODEMARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
17. ASIA-PACIFIC GRAPHITE ELECTRODEMARKET RESEARCH AND ANALYSIS BY ELECTRODE GRADE, 2021-2028 ($ MILLION)
18. ASIA-PACIFIC GRAPHITE ELECTRODEMARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
19. REST OF THE WORLD GRAPHITE ELECTRODE MARKET RESEARCH AND ANALYSIS BY ELECTRODE GRADE, 2021-2028 ($ MILLION)
20. REST OF THE WORLD GRAPHITE ELECTRODE MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
1. IMPACT OF COVID-19 ON GLOBAL GRAPHITE ELECTRODE MARKETMARKET, 2021-2028 (% MILLION)
2. IMPACT OF COVID-19 ON GLOBAL GRAPHITE ELECTRODE MARKETMARKET BY SEGMENT, 2021-2028 (% MILLION)
3. RECOVERY OF GLOBAL GRAPHITE ELECTRODE MARKETMARKET, 2021-2028 (%)
4. GLOBAL GRAPHITE ELECTRODE MARKET SHARE BY ELECTRODE GRADE, 2021 VS 2028 (%)
5. GLOBAL GRAPHITE ELECTRODE MARKET SHARE BY APPLICATION, 2021 VS 2028 (%)
6. GLOBAL GRAPHITE ELECTRODE MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
7. GLOBAL ULTRA HIGH POWER (UHP) ELECTRODE GRADE MARKET SIZE, 2021-2028 ($ MILLION)
8. GLOBAL HIGH POWER (SHP) ELECTRODE GRADE MARKET SIZE, 2021-2028 ($ MILLION)
9. GLOBAL REGULAR POWER (RP) MARKET SIZE, 2021-2028 ($ MILLION)
10. GLOBAL GRAPHITE ELECTRODE FOR ELECTRIC ARC FURNACE MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
11. GLOBAL GRAPHITE ELECTRODE FOR BASIC OXYGEN FURNACE MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
12. GLOBAL GRAPHITE ELECTRODE FOR NON-STEEL APPLICATION MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
13. US GRAPHITE ELECTRODE MARKET SIZE, 2021-2028 ($ MILLION)
14. CANADA GRAPHITE ELECTRODE MARKET SIZE, 2021-2028 ($ MILLION)
15. UK GRAPHITE ELECTRODE MARKET SIZE, 2021-2028 ($ MILLION)
16. FRANCE GRAPHITE ELECTRODE MARKET SIZE, 2021-2028 ($ MILLION)
17. GERMANY GRAPHITE ELECTRODE MARKET SIZE, 2021-2028 ($ MILLION)
18. ITALY GRAPHITE ELECTRODE MARKET SIZE, 2021-2028 ($ MILLION)
19. SPAIN GRAPHITE ELECTRODE MARKET SIZE, 2021-2028 ($ MILLION)
20. ROE GRAPHITE ELECTRODE MARKET SIZE, 2021-2028 ($ MILLION)
21. INDIA GRAPHITE ELECTRODE MARKET SIZE, 2021-2028 ($ MILLION)
22. CHINA GRAPHITE ELECTRODE MARKET SIZE, 2021-2028 ($ MILLION)
23. JAPAN GRAPHITE ELECTRODE MARKET SIZE, 2021-2028 ($ MILLION)
24. ASEAN GRAPHITE ELECTRODE MARKET SIZE, 2021-2028 ($ MILLION)
25. SOUTH KOREA GRAPHITE ELECTRODE MARKET SIZE, 2021-2028 ($ MILLION)
26. REST OF ASIA-PACIFIC GRAPHITE ELECTRODE MARKET SIZE, 2021-2028 ($ MILLION)
27. REST OF THE WORLD GRAPHITE ELECTRODE MARKET SIZE, 2021-2028 ($ MILLION)
