Graphite Electrodes Market Growing at 3.10% CAGR to Hit $ 12.15 Bn by 2023 ; Top Eminent Vendors Graphite India Ltd, Tokai Carbon, GrafTech, Nantong Yangzi Carbon Co, Nippon Carbon Co Ltd, Showa Denko, SEC CARBON

Market Overview:
A research study titled, “Graphite Electrodes Market by Type (High Power (HP), Ultra-high Power (UHP) and Regular Power (RP)) and Application (Fused Materials, Steel & Non-ferrous Metals, Chemical Processing and Other Applications) - Global Industry Analysis and Forecast to 2023” published by Crystal Market Research, states that the Graphite Electrodes Market was worth USD 9.23 billion in 2014 and is expected to reach approximately USD 12.15 billion by 2023, while registering itself at a compound annual growth rate (CAGR) of 3.10% during the forecast period.

Top Key Vendors:
The leading players in the market are Graphite India Ltd, Tokai Carbon, GrafTech, Nantong Yangzi Carbon Co, Nippon Carbon Co Ltd, Showa Denko, SEC CARBON, HEG Ltd, Nantong Yangzi Carbon and Kaifeng Carbon Co. The major players in the market are profiled in detail in view of qualities, for example, company portfolio, business strategies, financial overview, recent developments, and share of the overall industry.

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Market Classification:
Graphite Electrodes Market, By Type, Estimates and Forecast, 2014-2023 ($Million)
High Power (HP)
Ultra-high Power (UHP)
Regular Power (RP)

The Graphite Electrodes Market is segmented on the basis of product and application. Based on product the market is segmented into High Power (HP), Regular Power (RP), Ultra-high Power (UHP) out of which the ultra-high power segment represented the major share of the market in 2017. It is anticipated to continue its dominance over the forecast period.

Graphite Electrodes Market, By Application, Estimates and Forecast, 2014-2023 ($Million)
Fused Materials
Steel & Non-ferrous Metals
Chemical Processing
Other Applications

By Application the market is segmented into Fused Materials, Inverted, Chemical Processing, Steel and Nonferrous Metals out of which the Steel & non-ferrous metal and fused materials were the main application segments in 2017 and are anticipated to dominate market during the forecast period.

Regional Insights:

North America (United States, Canada and Mexico)

Europe (Germany, France, UK, Russia, Italy and Rest of Europe)

Asia-Pacific (China, Japan, Korea, India, Southeast Asia and Rest of Asia-Pacific)

South America (Brazil, Argentina, Columbia and Rest of South America)

Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, South Africa and Rest of MEA)

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Industry Outlook:
Graphite cathodes are huge cylindrical structures composed of needle coke (petroleum coke). These electrodes are accessible in large or small measurements for applications involving high-temperature and high-force. Graphite electrodes are mostly used for the production of steel in electric circular arc furnaces. They are used as a part of steel refining and purifying procedures. The key usage of graphite electrodes is in producing non-ferrous metals and steel. Characteristics, for example, low electrical conductivity, high resistance to heat, protection from thermal shock, and low chemical reactivity are foreseen to boost the interest for graphite chemical.

Table of Contents:
1.Introduction
2.Executive Summary
3.Market Overview
4.Market Analysis by Regions
5.Graphite Electrodes Market, By Type
6.Graphite Electrodes Market, By Application
7.Graphite Electrodes Market, By Region
8.Company Profiles
9.Global Graphite Electrodes Market Competition, by Manufacturer
10.Graphite Electrodes Market Forecast (2018-2023)
…

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Growth Booster Market:
Factors, for example, rising interest for graphite electrodes in end-use businesses, developing usage of steel scrap, and increasing demand from the steel business are foreseen to drive interest for graphite electrodes. Graphite electrodes have good electrical properties, high electrical and heat conductivity, high mechanical strength at high temperatures, chemical stability, low content of impurity, and high resistance to vibration. Graphite electrodes that are used in Electric Arc Furnace (EAF) give flexibility in changing its steel generation dissimilar to the blast furnace technique for the production of steel. EAF units can be quickly begun and quit, permitting the steel factory to shift production on the basis of demand. Owing to adaptability, lower fixed costs of EAF, and quick turnaround time, they have picked up prevalence among steel makers. Nonetheless, low accessibility of raw material and volatile prices are inhibiting the graphite electrodes market.

What our Report offers:

Graphite Electrodes Market share assessments for the regional and country level segments.

Graphite Electrodes Market share analysis of the top industry players.

Strategic recommendations for the new entrants.

Competitive landscaping mapping the key common trends.

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About Crystal Market Research:
Crystal Market Research is a U.S. based market research and business intelligence company. Crystal offers one stop solution for market research, business intelligence, and consulting services to help clients make more informed decisions. It provides both syndicated as well as customized research studies for its customers spread across the globe. The company offers market intelligence reports across a broad range of industries including healthcare, chemicals & materials, technology, automotive, and energy.

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