Graphite Electrode Market for the Metal Industry to reach US$ 15.3 billion during the coming years (2019-2024)

Addressing the most sought-after questions that occupy the minds of entrepreneurs and decision makers, the new report of "Stratview Research" on the Graphite Electrode Market for the Metal Industry, answers all the important questions.

Getting to the bare bones of the issues and factors which are sculpturing the market, Stratview Research brings out the best actionable market intelligence for the global Graphite Electrode Market for the Metal Industry.

The analysts have scrupulously studied the trend and cautiously forecasted the future market developments for 2019-2024.
The important questions the report answers are:
1. What will be the market growth rate in the near future?
2. What are the major developments in the market wrt regulations, acquisitions and innovations?
3. What are the growth drivers as well as the constraints?
4. What are the regional growth hotspots?
5. What are the segmental growth forecasts?

These questions and many more, big and small, are all discussed in the report in great detail.

The Graphite Electrode Market for the Metal Industry: Highlights
Graphite electrode (GE) is an essential component of steel production through the electric arc furnace (EAF) method. After five years of downcycle, the demand for graphite electrode started emerging in 2016 with the increased production of steel through the EAF method. The penetration of EAF-based steel production is expected to be stable in the foreseen future, because of high awareness of the developed economies towards environmentally friendly technologies. The role of China and India in the production of EAF steel is going to be consequential in the coming years as the current penetration of EAF steel production in both countries are lower than the developed countries but will rise at a greater pace in the coming years. This will imprint a significant upward trend to the demand for graphite electrodes in the coming five years.

The strategic Market dissection
The dissection of the market is done to enlighten the aspects which are of interest to firms across the value chain.

Dissection by Segments
• By Product Type : Ultra-high Power, High Power and Others
• By Application Type : Steel Production, Silicon Metal Production and Others
• By Region : North America, Europe, Asia-Pacific, and RoW

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The Growth Prognosis & its Drivers
The global graphite electrode market for the metal industry is projected to grow at a healthy rate over the next five years to reach US$ 15.3 billion in 2024. A steady increase in the steel production through the EAF method, no substitute of graphite electrode in EAF steel production, and supply crunch owing to the limited production capacity of needle coke and graphite electrode are some of the factors propelling the demand for graphite electrodes in the metal industry.

Market Segments
The graphite electrodes market for the metal industry is segmented based on the product type as ultra-high power (UHP), high power (HP), and regular power (RP). UHP is expected to remain the most dominant as well as the fastest-growing electrode type during the forecast period.
Based on the application type, the graphite electrodes market for the metal industry is segmented as steel, silicon metal, and aluminum. Steel is currently dominating the graphite electrode market and is expected to maintain its dominance during the forecast period.
In terms of regions, Asia-Pacific is expected to remain the largest graphite electrode market for the metal industry during the forecast period. China and India are the largest and second-largest steel producing countries through the EAF method globally.

Players
The report also maps supply chain including raw material suppliers, petroleum needle coke manufacturers, graphite electrode manufacturers, and end users. Showa Denko K.K., GRAFTech International, Graphite India Limited (GIL), HEG Ltd., Tokai Carbon Co., Ltd., Energoprom, Fangda Carbon New Material Co. Ltd., Sangraf International, SEC Carbon, Limited, and Nippon Carbon are some of the major players in the market. Most of the major players have a capacity expansion plan in order to meet the growing demand for graphite electrodes in the coming five years.

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This release was published on openPR.