Graphite Electrodes Market Size And Forecast
The Global Graphite Electrodes Market report provides a holistic evaluation of the market for the forecast period. The report comprises various segments as well as an analysis of the trends and factors that are playing a substantial role in the market. These factors; the market dynamics involve the drivers, restraints, opportunities, and challenges through which the impact of these factors in the market is outlined. The drivers and restraints are intrinsic factors whereas opportunities and challenges are extrinsic factors of the market. The Global Graphite Electrodes Market study provides an outlook on the development of the market in terms of revenue throughout the prognosis period.
Graphite Electrodes Market was valued at USD 1,416.34 Million in 2019 and is projected to reach USD 2,128.63 Million by 2027, growing at a CAGR of 5.3% from 2020 to 2027.
What are Graphite Electrodes?
Graphite electrodes are used to transfer electrical energy to steel melt in the EAF (Electric arc furnace) bath. Basically they are made up of petroleum needle coke, coal tar pitch and some excipients. Graphite optimally fulfills all the requirements as a electrodes such as mechanical strengths, electrical and thermal conductivity, thermal shock resistance, thermal expansion and machinability. The sizes of graphite electrodes vary from 75mm to 750mm in diameter and 2800mm in length.
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Global Graphite Electrodes Market Outlook
In the report, the market outlook section mainly encompasses fundamental dynamics of the market which include drivers, restraints, opportunities and challenges faced by the industry. Drivers and restraints are intrinsic factors whereas opportunities and challenges are extrinsic factors of the market.
Globally, significant upward trend in innovative infrastructure and rising demand for the production of iron and steel is fueling the graphite market nowadays. Moreover, the rise in construction and buildings are propelling the market growth of graphite electrodes. However, fluctuations in the availability of raw material required for production of graphite is restricting the market growth nowadays. Also industry is facing major challenge of high installation cost and maintenance cost for equipment. Nonetheless, developing economies and growing capital income in developed economies are expected to provide lucrative opportunities in the coming years.
Verified Market Research narrows down the available data using primary sources to validate the data and use it in compiling a full-fledged market research study. The report contains a quantitative and qualitative estimation of market elements that interests the client. The “Global Graphite Electrodes Market” is mainly bifurcated into sub-segments which can provide classified data regarding the latest trends in the market.
Global Graphite Electrodes Market Competitive Landscape
The “Global Graphite Electrodes Market” study report will provide a valuable insight with an emphasis on global market including some of the major players such as Graphite India Limited, Fangda Carbon New Material Technology Co. Ltd, GrafTech International, Jilin Carbon Co. Ltd, and SHOWA DENKO K.K. Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share and market ranking analysis of the above-mentioned players globally.
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Graphite Electrodes Market, By Type
• HP Grade
• UHP Grade
• RP Grade
Graphite Electrodes Market, By Application
• EAF (Electric Arc Furnace)
• LF (Ladle Furnace)
• Others
Graphite Electrodes Market, By Geographic Scope
• North America
o U.S.
o Canada
o Mexico
• Europe
o Germany
o UK
o France
o Rest of Europe
• Asia Pacific
o China
o Japan
o India
o Rest of Asia Pacific
o Middle-East-and-Africa
o Latin America
• Rest of the World
o Middle-East-and-Africa
o Latin America
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