Graphite Electrode Market 2021 Analysis by Global Manufacturers - GrafTech International, Graphite India Limited, Jilin Carbon Co. Ltd

The Global Graphite Electrode Market Report 2021-2025 is a valuable source of insightful data for business strategists. It provides the industry overview with growth analysis and historical & futuristic cost, revenue, demand, and supply data (as applicable). The research analysts provide a detailed description of the value chain and its distributor analysis. This Market study provides comprehend Graphite Electrode data that enhances the understanding, scope, and application of this report. The study includes market share analysis and profiles of players such as Fangda Carbon New Material Technology Co. Ltd, GrafTech International, Graphite India Limited, Jilin Carbon Co. Ltd, and SHOWA DENKO K.K..

The market for graphite electrode is anticipated to register a CAGR of around 5% (in terms of volume) during the forecast period. 

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Key Market Trends:

Increasing Production of Steel through Electric Arc Furnace Technology

- Electric arc furnace takes steel waste, DRI, HBI (hot briquetted iron, which is compacted DRI), or pig iron in solid form, and melts them to produce steel. In the EAF route, electricity provides the power to melt the feedstock.
- Graphite electrode is primarily used in electric arc furnace (EAF) steelmaking process, to melt steel waste. Electrodes are made of graphite because of its ability to withstand high temperatures. In EAF, the tip of the electrode can reach 3,000 Fahrenheit, which is half the temperature of the surface of sun. The size of electrodes varies widely, from 75mm in diameter, to as large as 750mm in diameter, and up to 2,800mm in length.
- The price surge of graphite electrodes pushed up EAF mills costs. An average EAF is estimated to consume approximately 1.7 kg of graphite electrodes to produce one metric ton of steel.
- The price surge is attributed to industry consolidation, globally, capacity shutdown in China, following environmental regulation, and the growth of EAF production, globally. This is estimated to increase the production cost of EAF by 1-5%, depending on mill’s procurement practices, and this is likely to restrict steel production, as there is no substitute for graphite electrode in EAF operations.
- Additionally, China’s policies to tackle air pollution have been reinforced by strong supply curbs for, not only the steel sector, but also coal, zinc, and other sectors that generate particulate pollution. As a result, the Chinese steel production has drastically declined over the past years. However, this is expected to have a positive impact on steel prices and steel mills in the region, to enjoy better margins.
- All the aforementioned factors, is expected to drive the graphite electrode market during the forecast period.

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What Are The Market Factors That Are Explained In The Report?

Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.

Analytical Tools: The Graphite Electrode Market Report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.

Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.                      

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