Graphite Electrodes Market Size, Revenue, Worth, Industry Analysis | Valuates Reports

Graphite Electrodes Market Size

The global Graphite Electrodes market size is projected to reach USD 10420 Million by 2026, from USD 9333.1 Million in 2020, at a CAGR of 1.9% during 2021-2026. Major factors driving the growth of graphite electrode market size are, increasing applications in the automobile industry, electric arc steel-making, and ladle refinement of steel.

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Trends:

Graphite electrode (GE) is an integral component of steel production through the EAF process. Due to the rising awareness among developing economies of environmentally friendly technology, the penetration of EAF-based steel production is expected to witness growth during the forecast period.

Furthermore, the growth of graphite electrode market size is further increased by graphite electrode application in gouging operations such as the formation of a bevel or groove, removing defects in castings, or welding by arc or gas process. Arc gouging removes the material by melting it with the heat of the arc between the carbon-graphite electrode and the base metal.

Demand for battery raw materials is rising as electric vehicles gain popularity. The most popular option for EV batteries is lithium-ion batteries which typically use graphite anodes as they deal well with the movement of lithium ions during charging and discharging. This increasing use of the lithium-ion battery is expected to drive the growth of graphite electrode market size.

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Graphite Electrodes Market Share

The industry's Top 3 manufacturers are Showa Denko K. K, GrafTech International and Fangda Carbon New Material, which accounted for 18.94%, 17.51% and 12.69% of revenue in 2019, respectively.
Graphite Electrodes Market Segmentation

By Type
• Regular Power Graphite Electrodes
• High Power Graphite Electrodes
• Ultra High Power (UHP) Graphite Electrodes

By Application
• Electric Arc Furnace Steel
• Other (Phosphorus, Silicon, etc.)

Key Companies
• Showa Denko K.K
• Fangda Carbon New Material
• GrafTech International
• Graphite India Limited (GIL)
• HEG Limited
• Tokai Carbon
• SEC Carbon, Ltd
• Energoprom Group
• Jilin Carbon
• Kaifeng Carbon
• Nantong Yangzi Carbon

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Similar Reports:

1. High Power Graphite Electrodes Market: https://reports.valuates.com/market-reports/QYRE-Othe-2I415/high-power-graphite-electrodes

2. UHP Graphite Electrodes Market: https://reports.valuates.com/market-reports/QYRE-Othe-3C395/ultra-high-power-graphite-electrodes

3. Electric Arc Furnaces Market: https://reports.valuates.com/market-reports/QYRE-Auto-27N2302/global-electric-arc-furnaces

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This release was published on openPR.