Graphite Electrodes Global Market is Projected to Reach $ 8.4 Billion by 2027, at a CAGR of 6.2% - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Graphite Electrodes Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027" report has been added to ResearchAndMarkets.com's offering.

The global graphite electrodes market reached a value of US$ 5.8 Billion in 2021. Looking forward, the publisher expects the market to reach US$ 8.4 Billion by 2027, exhibiting a CAGR of 6.2% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.

Graphite electrodes are large cylindrical structures made up of petroleum needle coke and coal tar pitch. They conduct electrical energy from the power source and convert it into heat which is used to melt scrap metal. Since graphite has high thermal conductivity and low electrical resistance, these electrodes can generate heat up to the temperature of 1600 degrees Celsius. They are primarily used in Electric Arc Furnaces (EAF) and Blast Oxygen Furnaces (BOF) for steelmaking and smelting ferrous alloys. These electrodes help in the manufacturing of high-quality products that can withstand high heat dissipation have high electrical conductivity and exhibit exceptional mechanical strength.

The rising demand for graphite electrodes in steel-oriented sectors such as construction, automotive, infrastructure, and aerospace and defense are the key factor driving the market. The increasing requirement of anti-corrosive products for oil and petroleum wells and pipelines in the oil and gas sector has further enhanced the use of EAF, and subsequently catalyzed the demand for these electrodes. Additionally, the increasing requirement for Ultra-High Power (UHP) graphite electrodes is another market trend that is projected to drive the market. UHP has a higher thermal and electrical conductivity and can swiftly melt scrap to manufacture steel. It is therefore highly preferred by steel manufacturers, and its demand is expected to grow substantially in the coming years.

Key Market Segmentation:

The publisher provides an analysis of the key trends in each sub-segment of the global graphite electrodes market, along with forecasts at the global and regional level from 2022-2027. Our report has categorized the market based on product type and application.

Breakup by Product Type:

• Ultra-high Power (UHP)
• High Power (HP)
• Regular Power (RP)

Breakup by Application:

• Electric Arc Furnace
• Ladle Furnace
• Non-Steel Application

Breakup by Region:

• Asia Pacific
• Europe
• North America
• Middle East and Africa
• Latin America

Competitive Landscape:

The report has also analysed the competitive landscape of the market with some of the key players being Energoprom Group, Fanda Carbon New Material Co. LTD, Graftech International, HEG Limited, Nantong Yangzi Carbon Co. Ltd, Graphite India, SHOWA DENKO, Beijing Great Wall Co., Ltd., Nippon Carbon Co Ltd., Ameri-Source Specialty Products, Tokai Carbon Co., Ltd, Schutzcarbon, etc

The publisher's latest report provides a deep insight into the global graphite electrodes market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter's five forces analysis, value chain analysis, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the global graphite electrodes market in any manner.

Companies Mentioned

• Energoprom Group
• Fanda Carbon New Material Co. LTD
• Graftech International
• HEG Limited
• Nantong Yangzi Carbon Co. Ltd
• Graphite India
• SHOWA DENKO
• Beijing Great Wall Co., Ltd.
• Nippon Carbon Co Ltd.
• Ameri-Source Specialty Products
• Tokai Carbon Co., Ltd
• Schutzcarbon

   

Key Topics Covered:

1 Preface

2 Scope and Methodology

3 Executive Summary

4 Introduction

4.1 Overview

4.2 Key Industry Trends

5 Global Graphite Electrodes Market

5.1 Market Overview

5.2 Market Performance

5.3 Impact of COVID-19

5.4 Market Breakup by Product Type

5.5 Market Breakup by Application

5.6 Market Breakup by Region

5.7 Market Forecast

6 Market Breakup by Product Type

6.1 Ultra-high Power (UHP)

6.2 High Power (HP)

6.3 Regular Power (RP)

7 Market Breakup by Application

7.1 Electric Arc Furnace

7.2 Ladle Furnace

7.3 Non-Steel Application

8 Market Breakup by Region

8.1 Asia Pacific

8.2 Europe

8.3 North America

8.4 Middle East and Africa

8.5 Latin America

9 SWOT Analysis

9.1 Overview

9.2 Strengths

9.3 Weaknesses

9.4 Opportunities

9.5 Threats

10 Value Chain Analysis

11 Porters Five Forces Analysis

11.1 Overview

11.2 Bargaining Power of Buyers

11.3 Bargaining Power of Suppliers

11.4 Degree of Competition

11.5 Threat of New Entrants

11.6 Threat of Substitutes

12 Price Analysis

13 Competitive Landscape

For more information about this report visit https://www.researchandmarkets.com/r/g9of5m