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The popular utility of graphite electrodes is noticed across the steel and automobile industries. Graphite has been used for a long time in these sectors and has undergone various innovative changes in the application methodology. Other than its applications in the classical market, the graphite electrodes market is finding opportunities in newly emerging and substantially growing markets such as the lithium-ion batteries, a market space driven by the megatrends of digitization coupled with Internet of Things. The most basic and primarily raw material used in the production of graphite electrodes is called the needle coke which also differs in composition one being coal-based and the other petroleum-based.There is a surge in the production of iron and steel particularly in emerging countries owing to their emerging economic status led by massive industrialisation and growth in the automobile and construction sector which is expected to be a major driving factor in propelling the demand for graphite electrodes market opening a wide scope for opportunities. Particular market environment in China is expected to grow substantially with growing availability of steel scrap which is increasing the utilization of the electric furnaces thereby escalating the demand for the graphite electrodes augmenting the market growth during the forecast period.
The global graphite electrodes market size was valued at USD 1,354.7 million in 2018.
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The advancement in production of steel contributed by the electric arc furnace technology is one of the key points moulding the graphite electrodes market growth. Electric arc furnaces help utilize the steel crap and other steel-based waste efficiently turning it into reusable steel with no compromise on the steel product quality. The steel production methodology followed by the electric arc furnace involves the steel scrap and hot briquetted iron or pig iron in solid form to melt together in order to produce steel. The technology has helped deliver an environmental perspective utilizing waste in order to produce high-quality industrial material.
However, the evolution of COVID-19 has impacted the graphite electrodes market status adversely on a global level imparting instability. As the demand dropped owing to extremely disrupted steel industry with implications on the steel productions rate has jeopardized the growth of the graphite electrodes market. Along with this, the graphite electrodes market has expressed a spurged product costs with rising acceptance and regulations imposing utilisation of the electric arc furnace technology. The graphite electrodes market is observed to be highly dominant in Asia Pacific particularly in China.
China is the largest market for graphite electrodes with maximum product consumption and production globally. China has also deployed certain stringent regulations and policies with a view to reduce air pollution by adopting environmentally friendly and sustainable production techniques. The Chinese steel industry has witnessed a changing approach in production boosting the demand for graphite electrodes supported by Electric Arc Furnace Technology thereby augmenting the market growth during the forecast.
Major companies profiled in the global graphite electrodes market report are Graphite India limited, Graf Tech International, SGL Carbon, Aggreko, Showa Denko Carbon, Nippon Carbon, HEG Ltd., Tokai Carbon Co., Ltd., Nantong Yangzi Carbon Co., Ltd., Schutz Carbon Electrodes Pvt. Ltd., and Kaifeng Carbon Co., Ltd among others.
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Key segments of the global graphite electrodes market
Product Overview, 2015-2025 (Kilo Tons) (USD Million)
HP Grade
UHP Grade
RP Grade
Application Overview, 2015-2025 (Kilo Tons) (USD Million)
EAF (Electric Arc Furnace)
LF (Ladle Furnace) & Others
Regional Overview, 2015-2025 (Kilo Tons) (USD Million)
North America
Mexico
Europe
France
Asia Pacific
China
India
Japan
Central & South America
Middle East & Africa
Some Major TOC Points:
Chapter 7. Industry structure
7.1. Competitive landscape analysis, 2018
7.2. Strategic framework
Chapter 8. Company profiles
8.1. Graphite India limited
8.1.1. Company overview
8.1.2. Product portfolio
8.1.3. Financial performance
8.1.4. Recent initiatives
8.2. Graf Tech International
8.2.1. Company overview
8.2.2. Product portfolio
8.2.3. Financial performance
8.2.4. Recent initiatives
8.3. SGL Carbon
8.3.1. Company overview
8.3.2. Product portfolio
8.3.3. Financial performance
8.3.4. Recent initiatives
8.4. Showa Denko Carbon
8.4.1. Company overview
8.4.2. Product portfolio
8.4.3. Financial performance
8.4.4. Recent initiatives
8.5. Nippon Carbon
8.5.1. Company overview
8.5.2. Product portfolio
8.5.3. Financial performance
8.5.4. Recent initiatives
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