Graphite Electrode Market Innovations 2025-2030 Forecast | El 6 LLC, Fangda Carbon New Material Technology Co. Ltd, GrafTech International, Graphite India Limited

Global graphite electrode market size to grow from 1.67 Million tons in 2025 to 1.99 Million tons by 2030 growing at CAGR of 3.55%. Graphite electrode industry growth is closely tied to the steel industry's transition toward electric arc furnace (EAF) technology, stricter environmental regulations, and the operational efficiency offered by ultra-high-power (UHP) electrodes.

Access the complete data-driven outlook on the Electrode Market now: https://www.mordorintelligence.com/industry-reports/graphite-electrode-market?utm_source_source=openpr

Asia-Pacific continues to dominate demand, supported by large-scale steel production, infrastructure growth, and policy-driven decarbonization initiatives.

Notable Trends in the Graphite Electrode Market

Shift Toward Electric Arc Furnace Steelmaking

EAF steelmaking is expected to account for 40% of global steel output by 2030, up from 30% in 2025 This method reduces carbon emissions by up to 70% compared to blast furnace routes, aligning with net-zero commitments in Europe and East Asia. China's ban on new coal-based steel projects reinforces this transition, while EAF flexibility allows mills to adjust production in response to energy price fluctuations. This shift directly sustains demand for high-performance graphite electrodes.

Rising Global Scrp Availability

The growing pool of steel , particularly in North America and Europe, supports secondary steelmaking. Advances in sorting technologies improve purity, enabling mills to meet stringent quality standards without relying heavily on virgin iron ore. Since each ton of EAF steel consumes 1-2 kg of graphite electrodes, expanding flows ensure predictable demand growth.

Accelerating Demand for Ultra-High-Power Electrodes

Modern furnaces require UHP electrodes capable of handling high current densities while resisting thermal shock. These electrodes offer longer service life and lower consumption rates, reducing overall melt costs. Countries such as the United States, South Korea, and Germany are increasingly favoring UHP grades, which accounted for 70.47% of market share in 2024

Closed-Loop Recycling into Battery-Grade Carbon

Emerging recycling processes convert spent electrodes into purified graphite suitable for lithium-ion batteries. This trend supports the circular economy, reduces landfill waste, and provides new revenue streams for electrode producers. With electric vehicle adoption expected to quadruple anode demand by 2030, recycling strengthens supply security while integrating steel and battery industries.

Discover how market shifts are impacting your region-check out the full report and the Japanese version for local relevance: https://www.mordorintelligence.com/ja/industry-reports/graphite-electrode-market?utm_source=openpr

Graphite Electrode Market Categorization

By Electrode Grade
Ultra-High-Power (UHP): Dominant segment with 70.47% share in 2024, growing at 4.15% CAGR.
High Power (SHP): Used in medium-scale furnaces, facing gradual decline as UHP gains preference.
Regular Power (RP): Limited to smaller operations and niche metallurgical processes.

By Application
Electric Arc Furnace (EAF): Largest application, accounting for 70.95% share in 2024, projected to grow at 4.24% CAGR.
Basic Oxygen Furnace (BOF): Smaller share, mainly for refining and specialty processes.
Non-Steel Applications: Includes silicon metal and phosphorus smelting, offering diversification but limited growth.

By Geography
Asia-Pacific: Largest market with 59.66% share in 2024, fastest growth at 4.66% CAGR.
North America: Supported by strong collection networks and low-cost electricity.
Europe: Gradual recovery expected after multi-year contraction, with emphasis on recycling and sustainability.
South America & Middle East/Africa: Emerging demand from infrastructure and industrial projects.

Browse More on Chemicals & Materials Research Analysis: https://www.mordorintelligence.com/market-analysis/chemicals-materials?utm_source=openpr

Prominent Companies Featuring

>El 6 LLC
>Fangda Carbon New Material Technology Co. Ltd
>GrafTech International
>Graphite India Limited
>HEG Limited
>Jilin Carbon New Material Co., Ltd.
>Kaifeng Pingmei New Carbon Materials Technology Co. Ltd
>Liaoning Dantan Technology Group Co. Ltd (Dan Carbon)
>Nantong Yangzi Carbon Co. Ltd
>Nippon Carbon Co. Ltd
>Resonac Holdings Corporation
>Sangraf International Inc.
>SEC Carbon Limited
>Tokai Carbon Co. Ltd
>Zhongze Group

Conclusion: Future Outlook of the Graphite Electrode Industry

Challenges such as needle coke price volatility and the cyclicality of steel production may constrain short-term growth, but long-term prospects remain positive. The integration of recycling into battery supply chains and the expansion of EAF capacity worldwide will continue to anchor demand.

Get Insights on Related Reports:

Synthetic Graphite Market - https://www.mordorintelligence.com/industry-reports/synthetic-graphite-market?utm_source=openpr

UHP Graphite Electrode Market Size - https://www.mordorintelligence.com/industry-reports/uhp-graphite-electrode-market?utm_source=openpr

Specialty Carbon Black Industry - https://www.mordorintelligence.com/industry-reports/specialty-carbon-black-market?utm_source=openpr

For any inquiries, please contact:
media@mordorintelligence.com
https://www.mordorintelligence.com/contact-us

About Mordor Intelligence:
Mordor Intelligence is a trusted partner for businesses seeking comprehensive and actionable market intelligence. Our global reach, expert team, and tailored solutions empower organizations and individuals to make informed decisions, navigate complex markets, and achieve their strategic goals. With a team of over 550 domain experts and on-ground specialists spanning 150+ countries, Mordor Intelligence possesses a unique understanding of the global business landscape. This expertise translates into comprehensive syndicated and custom research reports covering a wide spectrum of industries, including aerospace & defense, agriculture, animal nutrition and wellness, automation, automotive, chemicals & materials, consumer goods & services, electronics, energy & power, financial services, food & beverages, healthcare, hospitality & tourism, information & communications technology, investment opportunities, and logistics.

This release was published on openPR.