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Research Reports

Graphite Electrodes Market 2021 | Industry Brief Analysis by Top Countries Data with Market Size, Growth Drivers, Investment Opportunity and Projected Huge Growth By 2027

Graphite Electrodes Market Growing demand for steel in construction, oil & gas, and automotive industries is expected to fuel the graphite electrode market, more than 50% of the steel produced

Published : 3 years ago, on

Graphite Electrodes Market Growing demand for steel in construction, oil & gas, and automotive industries is expected to fuel the graphite electrode market, more than 50% of the steel produced globally was used in the building & infrastructure industry.

Graphite Electrodes Market is valued at 9426.90 USD Million in 2017 and expected to reach USD 12598.47 Million by 2024 with the CAGR of 4.23% over the forecast period.

Get Sample Report:@ https://industrystatsreport.com/Request/Sample?ResearchPostId=169&RequestType=Sample

Graphite Electrodes report published by the Brandessence Market Research & Consulting Pvt. Ltd. provides the detail information about graphite electrodes market from various aspects. This report includes drivers, restrains, opportunities which help the market to grow over the analysis period and recent trends which supports the growth of market. This report provides details analysis of regional segmentation with type and application.

Graphite electrodes are one of a kind of conductor and an essential component in the steelmaking process. In this process, iron scrap gets melted in an electric arc furnace and recycled. It is the graphite electrodes inside the furnace that actually melt the iron. Graphite shows high thermal conductivity and is very resistant to heat and impact. It possesses the low electrical resistance, means it can conduct the large electrical currents needed to melt iron. Graphite electrodes are mainly used in electric arc furnace (EAF) and ladle furnace (LF) for steel production, ferroalloy, silicon metal Graphite electrodes are used in electric arc furnace (EAF) and ladle furnace (LF) for steel production, ferroalloy production, silicon metal production and smelting processes

There are various factors driving the growth of the graphite electrodes one of the majors driving the growth of the market are growing demand of steel from developing country and different industries like construction, oil & gas, and automotive industries. In addition to this, China own requirement for graphite electrodes is expected to jump enormously. This is led by twin factors of closing units operating on inefficient steel-making technology having an adverse environmental impact and replacing it with units with electric arc furnace (EAF) technology. China closed induction and blast furnace units having around 155 Million Tons and 115 Million Tons capacities, respectively. At the same time, China has been installing and commenced construction for 105 new EAFs, with a capacity of 66 Million Tons. Graphite electrode ultra-high power (UHP) segment were widely used and accounting for more than 65% of the revenue share and are expected to show continues dominance during the forecast period 2018-2024.

Unstable raw material prices are expected to restrain the market growth of graphite electrodes due to adverse impact on supply as well as profit margins of manufacturers. Needle coke is prime raw material used for the manufacturing of graphite electrode. Needle coke has contribution of approximately 39% of the total cost of the finished graphite electrodes product. Fluctuation in the global crude oil price is expected to hamper the growth of needle coke market.

Global graphite electrodes market report covers prominent players like GrafTech U.S., Fangda Carbon China, SGL Carbon Germany, Showa Denko Japan, Graphite India, HEG India, Tokai Carbon Japan, Nippon Carbon Japan, SEC Carbon Japan and Others. GrafTech U.S., Fangda Carbon China and Graphite India collectively accounts 454,000 tones production Capacity.

Graphite Electrodes Market Segmentation

By Type

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

By Application

  • Steel and Nonferrous Metals
  • Fused Materials
  • Inverted
  • Chemical Processing

By Region :

North America

  • U.S.
  • Canada

Europe

  • U.K.
  • France
  • Germany
  • Italy

Asia Pacific

  • China
  • Japan
  • India
  • Southeast Asia

Latin America

  • Brazil
  • Mexico

This comprehensive report will provide:

  • Enhance your strategic decision making
  • Assist with your research, presentations and business plans
  • Show which emerging market opportunities to focus on
  • Increase your industry knowledge
  • Keep you up-to-date with crucial market developments
  • Allow you to develop informed growth strategies
  • Build your technical insight
  • Illustrate trends to exploit
  • Strengthen your analysis of competitors
  • Provide risk analysis, helping you avoid the pitfalls other companies could make
  • Ultimately, help you to maximize profitability for your company.

Our Market Research Solution Provides You Answer to Below Mentioned Question:

  • Which are the driving factors responsible for the growth of market?
  • Which are the roadblock factors of this market?
  • What are the new opportunities, by which market will grow in coming years?
  • What are the trends of this market?
  • Which are main factors responsible for new product launch?
  • How big is the global & regional market in terms of revenue, sales and production?
  • How far will the market grow in forecast period in terms of revenue, sales and production?
  • Which region is dominating the global market and what are the market shares of each region in the overall market in 2019?
  • How will each segment grow over the forecast period and how much revenue will these segment account for in 2027?
  • Which region has more opportunities?

Get Full Report: @ https://industrystatsreport.com/Chemicals-and-Materials/Graphite-Electrodes-Market/Summary

About us: Brandessence Market Research and Consulting Pvt. Ltd.

Brandessence market research publishes market research reports & business insights produced by highly qualified and experienced industry analysts. Our research reports are available in a wide range of industry verticals including aviation, food & beverage, healthcare, ICT, Construction, Chemicals, and lot more. Brand Essence Market Research report will be best fit for senior executives, business development managers, marketing managers, consultants, CEOs, CIOs, COOs, and Directors, governments, agencies, organizations, and Ph.D. Students. We have a delivery center in Pune, India and our sales office is in London.

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Wanda Rich has been the Editor-in-Chief of Global Banking & Finance Review since 2011, playing a pivotal role in shaping the publication's content and direction. Under her leadership, the magazine has expanded its global reach and established itself as a trusted source of information and analysis across various financial sectors. She is known for conducting exclusive interviews with industry leaders and oversees the Global Banking & Finance Awards, which recognize innovation and leadership in finance. In addition to Global Banking & Finance Review, Wanda also serves as editor for numerous other platforms, including Asset Digest, Biz Dispatch, Blockchain Tribune, Business Express, Brands Journal, Companies Digest, Economy Standard, Entrepreneur Tribune, Finance Digest, Fintech Herald, Global Islamic Finance Magazine, International Releases, Online World News, Luxury Adviser, Palmbay Herald, Startup Observer, Technology Dispatch, Trading Herald, and Wealth Tribune.

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