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Graphite Electrode Global Market Worth $10.66 Billion at a CAGR of 7.41% By 2027 | Key Players: IBIDEN co. Ltd., Tokai Carbon Co. Ltd., SGL Carbon SE, Mersen SA, Toyo Tanso Co. Ltd.
Graphite Electrode Market
The Business Research Company's Graphite Electrode Global Market Report 2023 identifies the rising demand for high-quality steel is expected to propel the growth of the graphite electrodes market going forward. High-quality steel refers to steel that meets stringent standards in terms of its composition, physical properties, and performance.
The global graphite electrodes market size is expected to grow from $7.39 billion in 2022 to $8.01 billion in 2023 at a compound annual growth rate (CAGR) of 8.35%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The size of graphite electrodes market is expected to reach $10.66 billion in 2027 at a CAGR of 7.41%.
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Major players in the graphite electrode market are Resonac Holdings Corporation, IBIDEN co. Ltd., Tokai Carbon Co. Ltd., GrafTech International Holdings Inc., SGL Carbon SE, Mersen SA, Fangda Carbon New Material Co. Ltd., Beijing Great Wall Co. Ltd., Graphite India Limited, Toyo Tanso Co. Ltd., HEG Limited, Asbury Graphite Mills Inc., Nippon Carbon Co. Ltd., SEC Carbon Ltd., EPM Group S.A., Beijing Great Wall Co. Ltd., Kaifeng Carbon Co. Ltd., Weaver Industries Inc., SANGRAF International, Ameri-Source Specialty Products, Mercer Gasket and Shim, Nantong Yangzi Carbon Co. Ltd., Coidan Graphite Products Ltd, Dan Carbon, Ukrainskiy Grafit, and Kaifeng Pingmei New Carbon Materials Technology Co. Ltd.
Technological advancements are a key trend gaining popularity in the graphite electrodes market. Companies operating in the graphite electrode market are adopting recent technologies to sustain their position in the market.
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The Graphite Electrode market is segmented -
1) By Electrode Grade: Ultra High Power (UHP), High Power (SHP), Regular Power (RP)
2) By Application: Steel Manufacturing, Silicon Metal Manufacturing, Steel Refining, Smelting Processes, Ferroalloy Production, Non Ferrous Metals Production, Lithium Ion Batteries Production, Other Applications
3) By End Use Industry: Automotive, Appliances, Construction, Machinery, Transportation, Aerospace And Defense, Oil And Refinery, Other End Users
By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Graphite Electrode market.
The Business Research Company's "Global Graphite Electrode Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Graphite Electrode Market Include:
1. Executive Summary
2. Graphite Electrode Market Characteristics
3. Graphite Electrode Market Trends And Strategies
4. Graphite Electrode Market - Macro Economic Scenario
5. Graphite Electrode Market Size And Growth
……
27. Graphite Electrode Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Graphite Electrode Market
29. Graphite Electrode Market Future Outlook and Potential Analysis
30. Appendix
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