Graphite Electrode Market SWOT Analysis Of Top Key Player Forecasts To 2025

A graphite electrode is defined as an electrode that is employed to offer high level of electrical conductivity and the capability to sustain extremely high level of dissipated heat. Graphite electrodes are primarily utilized in the manufacturing of electric arc furnace (EAF) steel and refinement of steel, and the equivalent smelting process. Moreover, they are employed in gouging operations and rectifying defects in weldments (weldings) and castings by gas or arc process. Graphite electrodes are extensively utilized in all industrial domains. The graphite electrode market can be segmented into type, applications, end-user industry, and geography.

In terms of type, the graphite electrode market can be segmented into high power (HP) graphite electrode, ultra high power (UHP) graphite electrode, and regular power (RP) graphite electrode. Additionally, in terms of applications, the market can be segmented into scrap requirement, burner/oxygen usage, fume control system, slag practice, power level, meltdown/refine/tap-to tap time, furnace design, charging practice, and water spray rings, among others. In terms of geography, the market can be segmented into Asia Pacific (APAC), Europe, North America, South America, and Middle East & Africa (MEA).

View Report @ http://www.transparencymarketresearch.com/graphite-electrode-market.html

Significant developments in high growth sectors are opportunities that manufacturers explore to start new ventures, and this contributes to the expansion of the graphite electrode market. Continuous increase in the demand for steel in infrastructure and construction is anticipated to be a dominant factor contributing to the expansion of the graphite electrode market. Expansion of end-user industries such as steel and aerospace are likely to be key drivers for expansion of this market.

Mechanical machinery, automotive, and infrastructure and construction industries are the primary consumers of steel. This, in turn, has been driving the demand for steel for many years. The infrastructure and construction sector, that holds a major share of world steel consumption, is estimated to expand rapidly. Similarly, automotive and mechanical machinery industries are anticipated to expand considerably during the forecast period. This, in turn, is estimated to lead to a regular increase in demand for steel in the near future, thereby boosting the expansion of the graphite electrode market. Several characteristics such as high-temperature resistance, ultra-high bending resistance, coefficient of thermal expansion (CTE), and low electrical resistivity are expected to drive the expansion of the graphite electrode market significantly during the forecast period. Vendors and manufacturers are investing in R&D in order to develop new technological advancements such as cardiology electrodes and dry electrodes, which are also key factors that are contributing to the expansion of the market. Launching of these modern technologies in emerging markets such as Brazil, India, and China are acting as opportunities for key players of the graphite electrode market. Other types of electrodes, such as carbon electrodes, are acting as a threat and substitute for graphite electrodes in the market. The usage of graphite electrode has increased due to rigorous competition in the steel industry. This, in turn, is propelling the demand for graphite electrodes in the market.

Asia Pacific is the dominant market for graphite electrodes followed by North America. APAC is a rapidly expanding market for graphite electrode. North America is the second leading market in terms of market share, and the U.S. and Canada are among the leading contributors in the region. In Asia Pacific, Japan and China are the leading contributors. Major expansion of the automotive industry is driven by the markets in China, U.S., Brazil, India, and Japan.

The global graphite electrode market is a fragmented market with many established players. Major players in the market are Showa Denko Carbon, GrafTech International, SGL Carbon, Graphite India, Nippon Carbon, HEG, Kaifeng Carbon, Nantong Yangzi Carbon, Schutz Carbon Electrodes, and Tokai Carbon.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

Get accurate market forecast and analysis on the Graphite Electrode Market Request a sample to stay abreast on the key trends impacting this market.
http://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=23711

The study is a source of reliable data on:

Market segments and sub-segments
Market trends and dynamics
Supply and demand
Market size
Current trends/opportunities/challenges
Competitive landscape
Technological breakthroughs
Value chain and stakeholder analysis

The regional analysis covers:

North America (U.S. and Canada)
Latin America (Mexico, Brazil, Peru, Chile, and others)
Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
Eastern Europe (Poland and Russia)
Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

A complete backdrop analysis, which includes an assessment of the parent market
Important changes in market dynamics
Market segmentation up to the second or third level
Historical, current, and projected size of the market from the standpoint of both value and volume
Reporting and evaluation of recent industry developments
Market shares and strategies of key players
Emerging niche segments and regional markets
An objective assessment of the trajectory of the market
Recommendations to companies for strengthening their foothold in the market

About Us

Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.

Each TMR syndicated research report covers a different sector – such as pharmaceuticals, chemicals, energy, food & beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, TMR’s syndicated reports strive to provide clients to serve their overall research requirement.

US Office Contact
90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA – Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com

This release was published on openPR.