What Holding the Graphite Electrodes Market For SGL Carbon, Showa Denko Japan, Superior Graphite, Tokai Carbon CB, Nippon Carbon Japan?

A research report on Graphite Electrodes Market features a succinct analysis on the latest market trends. The report also includes detailed abstracts about statistics, revenue forecasts and market valuation, which additionally highlights its status in the competitive landscape and growth trends accepted by major industry players. In terms of market share size, few of the major players currently dominate the market are, GrafTech U.S., Fangda Carbon China, SGL Carbon Germany, Showa Denko Japan, Graphite India, HEG India, Tokai Carbon Japan, Nippon Carbon Japan, SEC Carbon Japan

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Graphite Electrodes Market is valued at 9426.90 USD Million in 2019 and expected to reach USD 12598.47 Million by 2025 with the CAGR of 4.23% over the forecast period.

Graphite Electrodes Market Growing demand for steel in construction, oil & gas, and automotive industries is expected to fuel the graphite electrode market, more than 50% of the steel produced globally was used in the building & infrastructure industry. This report includes drivers, restrains, opportunities which help the market to grow over the analysis period and recent trends which supports the growth of market. This report provides details analysis of regional segmentation with type and application.

Graphite electrodes are one of a kind of conductor and an essential component in the steelmaking process. In this process, iron scrap gets melted in an electric arc furnace and recycled. It is the graphite electrodes inside the furnace that actually melt the iron. Graphite shows high thermal conductivity and is very resistant to heat and impact. It possesses the low electrical resistance, means it can conduct the large electrical currents needed to melt iron. Graphite electrodes are mainly used in electric arc furnace (EAF) and ladle furnace (LF) for steel production, ferroalloy, silicon metal Graphite electrodes are used in electric arc furnace (EAF) and ladle furnace (LF) for steel production, ferroalloy production, silicon metal production and smelting processes

There are various factors driving the growth of the graphite electrodes one of the majors driving the growth of the market are growing demand of steel from developing country and different industries like construction, oil & gas, and automotive industries. In addition to this, China own requirement for graphite electrodes is expected to jump enormously. This is led by twin factors of closing units operating on inefficient steel-making technology having an adverse environmental impact and replacing it with units with electric arc furnace (EAF) technology. China closed induction and blast furnace units having around 155 Million Tons and 115 Million Tons capacities, respectively. At the same time, China has been installing and commenced construction for 105 new EAFs, with a capacity of 66 Million Tons. Graphite electrode ultra-high power (UHP) segment were widely used and accounting for more than 65% of the revenue share and are expected to show continues dominance during the forecast period 2018-2024.

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Graphite Electrodes Market Segmentation

By Type- Regular Power (RP), High Power (HP), Ultra-high Power (UHP)

By Application- Steel and Nonferrous Metals, Fused Materials, Inverted, Chemical Processing

By Regional & Country Analysis
North America, US, Mexico, Chily, Canada, Europe, UK, France, Germany, Italy, Asia Pacific, China, South Korea, Japan, India, Southeast Asia, Latin America, Brazil, The Middle East and Africa, GCC, Africa, Rest of Middle East and Africa

Graphite Electrodes Market Leading Key Players
Global graphite electrodes market report covers prominent players like GrafTech U.S., Fangda Carbon China, SGL Carbon Germany, Showa Denko Japan, Graphite India, HEG India, Tokai Carbon Japan, Nippon Carbon Japan, SEC Carbon Japan and Others. GrafTech U.S., Fangda Carbon China and Graphite India collectively accounts 454,000 tones production Capacity.

Unstable raw material prices are expected to restrain the market growth of graphite electrodes due to adverse impact on supply as well as profit margins of manufacturers. Needle coke is prime raw material used for the manufacturing of graphite electrode. Needle coke has contribution of approximately 39% of the total cost of the finished graphite electrodes product. Fluctuation in the global crude oil price is expected to hamper the growth of needle coke market.

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