Product Code: RP-ID-10306375 |
Published Date: 21 Oct 2022 |
Region: NA |
Category: Chemicals |
Report ID: 10306375
Market Overview:
Global Graphite Electrode Market Size study, by Electrode Grade (Ultra High Power (UHP), High Power (SHP) & Regular Power (RP)), Application (Electric Arc Furnace, Ladle Furnace, Non-Steel Application) and Regional Forecasts 2019-2026
Global Graphite Electrode Market is valued approximately USD 2.2 billion in 2018 and is anticipated to grow with a healthy growth rate of more than 9.8% over the forecast period 2019-2026. The Graphite Electrode is a key component used in the smelting process for manufacturing of high-quality steel. The Graphite electrode can precisely withstand high heat dissipation, hold excellent mechanical strength and have high electrical conductivity that precisely optimal for the manufacturing of steel. The Graphite electrode market is primarily driven owing to surging construction sector which include both establishments of residential and commercial spaces, rising production of passenger and commercial vehicles, escalating utility in iron and steel manufacturing and rising use in electric arc furnaces. The escalating construction sector which include establishments of new residential and commercial spaces which require high quality steel is acting as a key driver towards the development and growth of graphite electrode market. For instance: According to International Construction Market Survey, the growth rate of construction industry globally in 2017 was estimated nearly 3.5% and it grew to 3.9% (approx.) in the year 2018. In addition, as per the annual report of European Construction Industry Federation (FIEC) in 2017, it has been stated that construction activity in entire Europe grew by 2.2% in 2016 (reaching approximately 1,278 billion Euro) compared to 2015. Similarly, in 2017, a similar increase is forecasted (more than 2%) followed by increase of 3% in 2018. Also, In 2018, it is estimated that commercial construction is roughly 89.52 billion in the United States, an increase from 40.1 billion in 2010 which is further augmenting the development and adoption of graphite electrode market. However, soaring prices of needle coke along with limited growth of UHP graphite electrode impedes the growth of the market over the forecast period of 2019-2026.
The regional analysis of global Graphite Electrode market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to the escalating construction sector along with initiatives taken by the private organizations operating in United states and Canada. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2019-2026. Factors such as surging production of both passenger and commercial vehicles along with rising iron and steel production would create lucrative growth prospects for the Graphite Electrode market across Asia-Pacific region.
Major market player included in this report are:
EPM Group
Fangda Carbon New Material Technology Co. Ltd
GrafTech International
HEG Limited
Graphite india Limited
Jilin Carbon Co. Ltd
KAIFENG CARBON CO., LTD
Nantong Yangzi Carbon Co. Ltd
Nippon Carbon Co. Ltd
SHOWA DENKO K.K.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Electrode Grade:
Ultra High Power (UHP)
High Power (SHP) & Regular Power (RP)
By Application:
Electric Arc Furnace
Ladle Furnace
Non-Steel Application
By Region:
North America
U.S.
Canada
Europe
UK
Germany
Asia Pacific
China
India
Japan
Latin America
Brazil
Mexico
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2016, 2017
Base year – 2018
Forecast period – 2019 to 2026
Target Audience of the Global Graphite Electrode Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors
Fangda Carbon New Material Technology Co. Ltd
GrafTech International
HEG Limited
Graphite india Limited
Jilin Carbon Co. Ltd
KAIFENG CARBON CO., LTD
Nantong Yangzi Carbon Co. Ltd
Nippon Carbon Co. Ltd
SHOWA DENKO K.K.
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