Graphite Electrode Market Size, Trends and Insights By Electrode Grade (Ultra-High Power, High Power, Regular Power), By Application (Electric Arc Furnace, Ladle Furnace, Others), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2022–2030
Report Snapshot
Study Period: | 2022-2030 |
Fastest Growing Market: | Asia-Pacific |
Largest Market: | Europe |
Major Players
- EPM Group
- Graphite India Limited
- GrafTech International Ltd
- HEG Ltd
- Kaifeng Carbon Co. Ltd
- Zhongping Energy & Chemical Group (KFCC)
- Others
Reports Description
The rising demand from steel-oriented sectors is boosting the market’s growth.
According to Custom Market Insights (CMI), The Global Graphite Electrode Market size was estimated at USD 7 Billion in 2021 and is expected to reach USD 7.6 billion in 2022 and is expected to hit around USD 12.5 Billion by 2030, poised to grow at a compound annual growth rate (CAGR) of 11% from 2022 to 2030.
The report examines the Graphite Electrode market’s drivers and restraints and their impact analysis. Also, the report mentions global opportunities prevailing in the Graphite Electrode market.
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Graphite Electrode Market: Overview
The price of graphite electrodes, primarily utilized in the Electronic Arc Furnace (EAF) method of producing steel, has increased dramatically over the past year. This resulted from an unanticipated divergence in the dynamics of supply and demand. Over the last four to five years, the graphite electrode market has been crippled by overcapacity. Because of the slow growth in order, the excess supply from China, and the higher cost of producing steel via the EAF method as opposed to the Basic Oxygen Furnace (BOF) route, the demand for graphite electrodes, which is dependent on steel production through the EAF route, was down.
Graphite Electrode Market: COVID – 19 Impact Analysis
The United States, India, Spain, Italy, France, Germany, the United Kingdom, Russia, Brazil, Iran, Turkey, and China, are among the countries most severely impacted by the COVID-19 outbreak, according to the World Health Organization (WHO) most recent situation report. The attack started in Wuhan (China) in December 2019 and has since quickly spread worldwide. The COVID-19 situation is having an impact on sectors all around the world, and experts predict that 2020 and probably 2021 will be the worst years for the global economy. The epidemic has severely disrupted the steel sector. The steep fall in international trade affected the development of the graphite electrode.
The construction industry has been negatively impacted by production stoppages, limitations on the supply chain, procurement management, labour shortages, and border lockdowns to combat and control the outbreak. The adoption of various steel products is directly impacted by the slowdown in building sector production, which affects the graphite electrode market.
Graphite Electrode Market: Growth Drivers
Transition in the Chinese steel industry
China’s steel industry was influenced in 2016 and 2017 by a policy-driven rejection of IF potential as the government worked to enshrine a domestic supply excess. According to worldsteel.org, scrap steel consumption in basic oxygen furnaces (BOF) and electric arc furnace (EAF) steel mills reached a record high of more than 200 million metric tonnes per year. China’s EAF capacity has since fallen from its previous peak of 130 million metric tonnes per year due to government rules that limit integrated mill development in strategic locations and actively encourage EAF capacity replacement. Due to this, EAF steel is now being produced, aiding in the market expansion for graphite electrodes.
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Rising demand from steel-oriented sectors
The primary driver propelling the market is the increasing demand for graphite electrodes in steel-oriented industries like construction, automotive, infrastructure, aerospace, and defense. In addition, the oil and gas industry’s growing need for anti-corrosive solutions for oil and petroleum wells and pipelines has increased the use of EAF and, in turn, fuel demand for these electrodes. Another major trend anticipated to fuel the market is the rise in demand for Ultra-High Power (UHP) graphite electrodes. Due to UHP’s increased thermal and electrical conductivity, scrap can be quickly melted to produce steel. As a result, steel producers highly prefer graphite electrodes, and their demand is anticipated to increase significantly in the upcoming years.
Graphite Electrode Market: Segmentation Analysis
The Graphite Electrode market is segmented into electrode grade and application in our research scope. Based on electrode grade, the ultra-high power graphite electrodes segment is estimated to dominate the Graphite Electrode market in 2021. The electric arc furnace (EAF) industry recycles steel using ultra-high power graphite electrodes. High-value needle coke, made from either coal tar or oil, is its principal component. Graphite electrodes are created with threaded portions at either end and are finalized with a cylindrical shape. By employing electrode nipples in this manner, the graphite electrodes can be put together into an electrode column. Large-capacity ultra-high power arc furnaces are expanding and gaining popularity to meet the demands of a reduced overall cost and greater work efficiency. Therefore, it is anticipated that ultra-high-power graphite electrodes will dominate the market.
Report Scope
Feature of the Report | Details |
Market Size in 2021 | USD 7 Billion |
Projected Market Size in 2030 | USD 12.5 Billion |
Market Size in 2022 | USD 7.6 billion |
CAGR Growth Rate | 11% CAGR |
Base Year | 2021 |
Forecast Period | 2022-2030 |
Prominent Players | EPM Group, Graphite India Limited, GrafTech International Ltd, HEG Ltd, Kaifeng Carbon Co. Ltd , Zhongping Energy & Chemical Group (KFCC), Nippon Carbon Co Ltd., Tokai Carbon Co. Ltd., Nantong Yangzi Carbon Co. Ltd., Sangraf International, SHOWA DENKO K.K., and Others |
Key Segment | By Electrode Grade, Applicatio, and Region |
Report Coverage | Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends |
Regional Scope | North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America |
Buying Options | Request tailored purchasing options to fulfil your requirements for research. |
Key Insights:
- As per the analysis shared by our research analyst, the Graphite Electrode market is estimated to grow annually at a CAGR of around 11% over the forecast period (2022-2030).
- In terms of revenue, the Graphite Electrode market was valued at around USD 7 billion in 2021 and is projected to reach USD 12.5 billion by 2030. Due to a variety of driving factors, the market is predicted to rise at a significant rate.
- The Graphite Electrode market research offers a comprehensive analysis of the present market and projections through 2020–2030 to help find possibilities to profit from the existing market.
- The study includes data on the significant market drivers, challenges, and opportunities and their effects.
- The study elaborates on the SWOT analysis and Porter’s Five Forces model.
- The market study’s value chain analysis gives a comprehensive picture of the stakeholder’s responsibilities.
Recent Development
- 2021: Xufeng Carbon Technology Co. was acquired by Nantong Yangzi Carbon Co. Ltd. to increase its ability to produce 60,000–100,000 tonnes of ultra-high power graphite electrodes annually.
- 2020: Carbone Savoie International SAS, a manufacturer of carbon and graphite, was acquired by Tokai Carbon and Tokai COBEX.
Regional Landscape
APAC holds the most significant portion of the world’s graphite electrode market. As a result, there is a sizable demand for the products of the APAC market participants for graphite electrodes from various industries. China and Japan are the top two nations in the APAC graphite electrode market. The sharp increase in crude steel output is to blame for the increased demand from these nations. China and Japan produced 928.3 million tonnes and 104.3 million tonnes of crude steel, respectively, in 2018, according to the World Steel Association.
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Due to the rise in steel waste and China’s electrical energy supply, electric arc furnaces are expected to grow significantly in the APAC region. In addition, many APAC nations are growing economically and emphasizing the pressing environmental problem. For instance, harsh ecological rules in China have forced the closure of the highly polluting basic oxygen furnaces (BOF). So, electric arc furnaces, which use graphite electrodes to melt steel scrap, took the role of induction furnaces.
Competitive Landscape
The top five companies will control around 40% of the market’s production capacity in 2021, indicating a partially consolidated graphite electrode market. SHOWA DENKO KK, Fangda Carbon New Material Co. Ltd, GrafTech International, ZHONGZE GROUP, and Dan Carbon are a few of the major players.
Prominent Players:
- EPM Group
- Graphite India Limited
- GrafTech International Ltd
- HEG Ltd
- Kaifeng Carbon Co. Ltd
- Zhongping Energy & Chemical Group (KFCC)
- Nippon Carbon Co Ltd.
- Tokai Carbon Co. Ltd.
- Nantong Yangzi Carbon Co. Ltd.
- Sangraf International
- SHOWA DENKO K.K.
The global Graphite Electrode market is segmented as follows:
By Electrode Grade
- Ultra-High Power
- High Power
- Regular Power
By Application
- Electric Arc Furnace
- Ladle Furnace
- Others
On the basis of Geography
North America
- The U.S.
- Canada
- Mexico
Europe
- France
- The UK
- Spain
- Germany
- Italy
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia Pacific
The Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- Kuwait
- South Africa
- Rest of the Middle East & Africa
Latin America
- Brazil
- Argentina
- Rest of Latin America
Table of Contents
- Chapter 1. Preface
- 1.1 Report Description and Scope
- 1.2 Research scope
- 1.3 Research methodology
- 1.3.1 Market Research Type
- 1.3.2 Market research methodology
- Chapter 2. Executive Summary
- 2.1 Global Graphite Electrode Market, (2022 – 2030) (USD Billion)
- 2.2 Global Graphite Electrode Market : snapshot
- Chapter 3. Global Graphite Electrode Market – Industry Analysis
- 3.1 Graphite Electrode Market: Market Dynamics
- 3.2 Market Drivers
- 3.2.1 Transition in the Chinese steel industry
- 3.2.2 Rising demand from steel-oriented sectors
- 3.3 Market Restraints
- 3.4 Market Opportunities
- 3.5 Market Challenges
- 3.6 Porter’s Five Forces Analysis
- 3.7 Market Attractiveness Analysis
- 3.7.1 Market attractiveness analysis By Electrode Grade
- 3.7.2 Market attractiveness analysis By Application
- Chapter 4. Global Graphite Electrode Market- Competitive Landscape
- 4.1 Company market share analysis
- 4.1.1 Global Graphite Electrode Market: company market share, 2021
- 4.2 Strategic development
- 4.2.1 Acquisitions & mergers
- 4.2.2 New Product launches
- 4.2.3 Agreements, partnerships, cullaborations, and joint ventures
- 4.2.4 Research and development and Regional expansion
- 4.3 Price trend analysis
- 4.1 Company market share analysis
- Chapter 5. Global Graphite Electrode Market – Electrode Grade Analysis
- 5.1 Global Graphite Electrode Market overview: By Electrode Grade
- 5.1.1 Global Graphite Electrode Market share, By Electrode Grade, 2021 and 2030
- 5.2 Ultra-High Power
- 5.2.1 Global Graphite Electrode Market by Ultra-High Power, 2022 – 2030 (USD Billion)
- 5.3 High Power
- 5.3.1 Global Graphite Electrode Market by High Power, 2022 – 2030 (USD Billion)
- 5.4 Regular Power
- 5.4.1 Global Graphite Electrode Market by Regular Power, 2022 – 2030 (USD Billion)
- 5.1 Global Graphite Electrode Market overview: By Electrode Grade
- Chapter 6. Global Graphite Electrode Market – Application Analysis
- 6.1 Global Graphite Electrode Market overview: By Application
- 6.1.1 Global Graphite Electrode Market share, By Application, 2021 and 2030
- 6.2 Electric Arc Furnace
- 6.2.1 Global Graphite Electrode Market by Electric Arc Furnace, 2022 – 2030 (USD Billion)
- 6.3 Ladle Furnace
- 6.3.1 Global Graphite Electrode Market by Ladle Furnace, 2022 – 2030 (USD Billion)
- 6.4 Others
- 6.4.1 Global Graphite Electrode Market by Others, 2022 – 2030 (USD Billion)
- 6.1 Global Graphite Electrode Market overview: By Application
- Chapter 7. Graphite Electrode Market – Regional Analysis
- 7.1 Global Graphite Electrode Market Regional Overview
- 7.2 Global Graphite Electrode Market Share, by Region, 2021 & 2030 (USD Billion)
- 7.3. North America
- 7.3.1 North America Graphite Electrode Market, 2022 – 2030 (USD Billion)
- 7.3.1.1 North America Graphite Electrode Market, by Country, 2022 – 2030 (USD Billion)
- 7.3.1 North America Graphite Electrode Market, 2022 – 2030 (USD Billion)
- 7.4 North America Graphite Electrode Market, by Electrode Grade, 2022 – 2030
- 7.4.1 North America Graphite Electrode Market, by Electrode Grade, 2022 – 2030 (USD Billion)
- 7.5 North America Graphite Electrode Market, by Application, 2022 – 2030
- 7.5.1 North America Graphite Electrode Market, by Application, 2022 – 2030 (USD Billion)
- 7.6. Europe
- 7.6.1 Europe Graphite Electrode Market, 2022 – 2030 (USD Billion)
- 7.6.1.1 Europe Graphite Electrode Market, by Country, 2022 – 2030 (USD Billion)
- 7.6.1 Europe Graphite Electrode Market, 2022 – 2030 (USD Billion)
- 7.7 Europe Graphite Electrode Market, by Electrode Grade, 2022 – 2030
- 7.7.1 Europe Graphite Electrode Market, by Electrode Grade, 2022 – 2030 (USD Billion)
- 7.8 Europe Graphite Electrode Market, by Application, 2022 – 2030
- 7.8.1 Europe Graphite Electrode Market, by Application, 2022 – 2030 (USD Billion)
- 7.9. Asia Pacific
- 7.9.1 Asia Pacific Graphite Electrode Market, 2022 – 2030 (USD Billion)
- 7.9.1.1 Asia Pacific Graphite Electrode Market, by Country, 2022 – 2030 (USD Billion)
- 7.9.1 Asia Pacific Graphite Electrode Market, 2022 – 2030 (USD Billion)
- 7.10 Asia Pacific Graphite Electrode Market, by Electrode Grade, 2022 – 2030
- 7.10.1 Asia Pacific Graphite Electrode Market, by Electrode Grade, 2022 – 2030 (USD Billion)
- 7.11 Asia Pacific Graphite Electrode Market, by Application, 2022 – 2030
- 7.11.1 Asia Pacific Graphite Electrode Market, by Application, 2022 – 2030 (USD Billion)
- 7.12. Latin America
- 7.12.1 Latin America Graphite Electrode Market, 2022 – 2030 (USD Billion)
- 7.12.1.1 Latin America Graphite Electrode Market, by Country, 2022 – 2030 (USD Billion)
- 7.12.1 Latin America Graphite Electrode Market, 2022 – 2030 (USD Billion)
- 7.13 Latin America Graphite Electrode Market, by Electrode Grade, 2022 – 2030
- 7.13.1 Latin America Graphite Electrode Market, by Electrode Grade, 2022 – 2030 (USD Billion)
- 7.14 Latin America Graphite Electrode Market, by Application, 2022 – 2030
- 7.14.1 Latin America Graphite Electrode Market, by Application, 2022 – 2030 (USD Billion)
- 7.15. The Middle-East and Africa
- 7.15.1 The Middle-East and Africa Graphite Electrode Market, 2022 – 2030 (USD Billion)
- 7.15.1.1 The Middle-East and Africa Graphite Electrode Market, by Country, 2022 – 2030 (USD Billion)
- 7.15.1 The Middle-East and Africa Graphite Electrode Market, 2022 – 2030 (USD Billion)
- 7.16 The Middle-East and Africa Graphite Electrode Market, by Electrode Grade, 2022 – 2030
- 7.16.1 The Middle-East and Africa Graphite Electrode Market, by Electrode Grade, 2022 – 2030 (USD Billion)
- 7.17 The Middle-East and Africa Graphite Electrode Market, by Application, 2022 – 2030
- 7.17.1 The Middle-East and Africa Graphite Electrode Market, by Application, 2022 – 2030 (USD Billion)
- Chapter 8. Company Profiles
- 8.1 EPM Group
- 8.1.1 Overview
- 8.1.2 Financials
- 8.1.3 Product Portfolio
- 8.1.4 Business Strategy
- 8.1.5 Recent Developments
- 8.2 Graphite India Limited
- 8.2.1 Overview
- 8.2.2 Financials
- 8.2.3 Product Portfolio
- 8.2.4 Business Strategy
- 8.2.5 Recent Developments
- 8.3 GrafTech International Ltd
- 8.3.1 Overview
- 8.3.2 Financials
- 8.3.3 Product Portfolio
- 8.3.4 Business Strategy
- 8.3.5 Recent Developments
- 8.4 HEG Ltd
- 8.4.1 Overview
- 8.4.2 Financials
- 8.4.3 Product Portfolio
- 8.4.4 Business Strategy
- 8.4.5 Recent Developments
- 8.5 Kaifeng Carbon Co. Ltd
- 8.5.1 Overview
- 8.5.2 Financials
- 8.5.3 Product Portfolio
- 8.5.4 Business Strategy
- 8.5.5 Recent Developments
- 8.6 Zhongping Energy & Chemical Group (KFCC)
- 8.6.1 Overview
- 8.6.2 Financials
- 8.6.3 Product Portfolio
- 8.6.4 Business Strategy
- 8.6.5 Recent Developments
- 8.7 Nippon Carbon Co Ltd.
- 8.7.1 Overview
- 8.7.2 Financials
- 8.7.3 Product Portfolio
- 8.7.4 Business Strategy
- 8.7.5 Recent Developments
- 8.8 Tokai Carbon Co. Ltd.
- 8.8.1 Overview
- 8.8.2 Financials
- 8.8.3 Product Portfolio
- 8.8.4 Business Strategy
- 8.8.5 Recent Developments
- 8.9 Nantong Yangzi Carbon Co. Ltd.
- 8.9.1 Overview
- 8.9.2 Financials
- 8.9.3 Product Portfolio
- 8.9.4 Business Strategy
- 8.9.5 Recent Developments
- 8.10 Sangraf International
- 8.10.1 Overview
- 8.10.2 Financials
- 8.10.3 Product Portfolio
- 8.10.4 Business Strategy
- 8.10.5 Recent Developments
- 8.11 SHOWA DENKO K.K.
- 8.11.1 Overview
- 8.11.2 Financials
- 8.11.3 Product Portfolio
- 8.11.4 Business Strategy
- 8.11.5 Recent Developments
- 8.1 EPM Group
List Of Figures
- 1. Market research Type
- 2. Market research methodology
- 3. Global Graphite Electrode Market, 2022 – 2030 (USD Billion)
- 4. Porter’s Five Forces Analysis
- 5. Global Graphite Electrode Market attractiveness, By Electrode Grade
- 6. Global Graphite Electrode Market attractiveness, By Application
- 7. Global Graphite Electrode Market share by Electrode Grade, 2022 and 2030 (USD Billion)
- 8. Global Graphite Electrode Market by Ultra-High Power, 2022 – 2030 (USD Billion)
- 9. Global Graphite Electrode Market by High Power, 2022 – 2030 (USD Billion)
- 10. Global Graphite Electrode Market by Regular Power, 2022 – 2030 (USD Billion)
- 11. Global Graphite Electrode Market share by Application, 2022 and 2030 (USD Billion)
- 12. Global Graphite Electrode Market by Electric Arc Furnace, 2022 – 2030 (USD Billion)
- 13. Global Graphite Electrode Market by Ladle Furnace, 2022 – 2030 (USD Billion)
- 14. Global Graphite Electrode Market by Others, 2022 – 2030 (USD Billion)
- 15. Global Graphite Electrode Market share, by Region, 2022 and 2030
- 16. North America Graphite Electrode Market, 2022 – 2030 (USD Billion)
- 17. Europe Graphite Electrode Market, 2022 – 2030 (USD Billion)
- 18. Asia Pacific Graphite Electrode Market, 2022 – 2030 (USD Billion)
- 19. Latin America Graphite Electrode Market, 2022 – 2030 (USD Billion)
- 20. The Middle-East and Africa Graphite Electrode Market, 2022 – 2030 (USD Billion)
List Of Tables
- 1. Global Graphite Electrode Market: Snapshot
- 2. Drivers of the Graphite Electrode Market: impact analysis
- 3. North America Graphite Electrode Market revenue, By Electrode Grade, 2022 – 2030 (USD Billion)
- 4. North America Graphite Electrode Market revenue, By Application, 2022 – 2030 (USD Billion)
- 5. U.S. Graphite Electrode Market revenue, By Electrode Grade, 2022 – 2030 (USD Billion)
- 6. U.S. Graphite Electrode Market revenue, By Application, 2022 – 2030 (USD Billion)
- 7. Canada Graphite Electrode Market revenue, By Electrode Grade, 2022 – 2030 (USD Billion)
- 8. Canada Graphite Electrode Market revenue, By Application, 2022 – 2030 (USD Billion)
- 9. Europe Graphite Electrode Market revenue, By Electrode Grade, 2022 – 2030 (USD Billion)
- 10. Europe Graphite Electrode Market revenue, By Application, 2022 – 2030 (USD Billion)
- 11. Germany Graphite Electrode Market revenue, By Electrode Grade, 2022 – 2030 (USD Billion)
- 12. Germany Graphite Electrode Market revenue, By Application, 2022 – 2030 (USD Billion)
- 13. France Graphite Electrode Market revenue, By Electrode Grade, 2022 – 2030 (USD Billion)
- 14. France Graphite Electrode Market revenue, By Application, 2022 – 2030 (USD Billion)
- 15. U.K. Graphite Electrode Market revenue, By Electrode Grade, 2022 – 2030 (USD Billion)
- 16. U.K. Graphite Electrode Market revenue, By Application, 2022 – 2030 (USD Billion)
- 17. Italy Graphite Electrode Market revenue, By Electrode Grade, 2022 – 2030 (USD Billion)
- 18. Italy Graphite Electrode Market revenue, By Application, 2022 – 2030 (USD Billion)
- 19. Spain Graphite Electrode Market revenue, By Electrode Grade, 2022 – 2030 (USD Billion)
- 20. Spain Graphite Electrode Market revenue, By Application, 2022 – 2030 (USD Billion)
- 21. Rest of Europe Graphite Electrode Market revenue, By Electrode Grade, 2022 – 2030 (USD Billion)
- 22. Rest of Europe Graphite Electrode Market revenue, By Application, 2022 – 2030 (USD Billion)
- 23. Asia Pacific Graphite Electrode Market revenue, By Electrode Grade, 2022 – 2030 (USD Billion)
- 24. Asia Pacific Graphite Electrode Market revenue, By Application, 2022 – 2030 (USD Billion)
- 25. China Graphite Electrode Market revenue, By Electrode Grade, 2022 – 2030 (USD Billion)
- 26. China Graphite Electrode Market revenue, By Application, 2022 – 2030 (USD Billion)
- 27. Japan Graphite Electrode Market revenue, By Electrode Grade, 2022 – 2030 (USD Billion)
- 28. Japan Graphite Electrode Market revenue, By Application, 2022 – 2030 (USD Billion)
- 29. India Graphite Electrode Market revenue, By Electrode Grade, 2022 – 2030 (USD Billion)
- 30. India Graphite Electrode Market revenue, By Application, 2022 – 2030 (USD Billion)
- 31. South Korea Graphite Electrode Market revenue, By Electrode Grade, 2022 – 2030 (USD Billion)
- 32. South Korea Graphite Electrode Market revenue, By Application, 2022 – 2030 (USD Billion)
- 33. South-East Asia Graphite Electrode Market revenue, By Electrode Grade, 2022 – 2030 (USD Billion)
- 34. South-East Asia Graphite Electrode Market revenue, By Application, 2022 – 2030 (USD Billion)
- 35. Rest of Asia Pacific Graphite Electrode Market revenue, By Electrode Grade, 2022 – 2030 (USD Billion)
- 36. Rest of Asia Pacific Graphite Electrode Market revenue, By Application, 2022 – 2030 (USD Billion)
- 37. Latin America Graphite Electrode Market revenue, By Electrode Grade, 2022 – 2030 (USD Billion)
- 38. Latin America Graphite Electrode Market revenue, By Application, 2022 – 2030 (USD Billion)
- 39. Brazil Graphite Electrode Market revenue, By Electrode Grade, 2022 – 2030 (USD Billion)
- 40. Brazil Graphite Electrode Market revenue, By Application, 2022 – 2030 (USD Billion)
- 41. Mexico Graphite Electrode Market revenue, By Electrode Grade, 2022 – 2030 (USD Billion)
- 42. Mexico Graphite Electrode Market revenue, By Application, 2022 – 2030 (USD Billion)
- 43. Rest of Latin America Graphite Electrode Market revenue, By Electrode Grade, 2022 – 2030 (USD Billion)
- 44. Rest of Latin America Graphite Electrode Market revenue, By Application, 2022 – 2030 (USD Billion)
- 45. The Middle-East and Africa Graphite Electrode Market revenue, By Electrode Grade, 2022 – 2030 (USD Billion)
- 46. The Middle-East and Africa Graphite Electrode Market revenue, By Application, 2022 – 2030 (USD Billion)
- 47. GCC Countries Graphite Electrode Market revenue, By Electrode Grade, 2022 – 2030 (USD Billion)
- 48. GCC Countries Graphite Electrode Market revenue, By Application, 2022 – 2030 (USD Billion)
- 49. South Africa Graphite Electrode Market revenue, By Electrode Grade, 2022 – 2030 (USD Billion)
- 50. South Africa Graphite Electrode Market revenue, By Application, 2022 – 2030 (USD Billion)
- 51. Rest of Middle-East Africa Graphite Electrode Market revenue, By Electrode Grade, 2022 – 2030 (USD Billion)
- 52. Rest of Middle-East Africa Graphite Electrode Market revenue, By Application, 2022 – 2030 (USD Billion)
Report Methodology
In order to get the most precise estimates and forecasts possible, Custom Market Insights applies a detailed and adaptive research methodology centered on reducing deviations. For segregating and assessing quantitative aspects of the market, the company uses a combination of top-down and bottom-up approaches. Furthermore, data triangulation, which examines the market from three different aspects, is a recurring theme in all of our research reports. The following are critical components of the methodology used in all of our studies:
Preliminary Data Mining
On a broad scale, raw market information is retrieved and compiled. Data is constantly screened to make sure that only substantiated and verified sources are taken into account. Furthermore, data is mined from a plethora of reports in our archive and also a number of reputed & reliable paid databases. To gain a detailed understanding of the business, it is necessary to know the entire product life cycle and to facilitate this, we gather data from different suppliers, distributors, and buyers.
Surveys, technological conferences, and trade magazines are used to identify technical issues and trends. Technical data is also gathered from the standpoint of intellectual property, with a focus on freedom of movement and white space. The dynamics of the industry in terms of drivers, restraints, and valuation trends are also gathered. As a result, the content created contains a diverse range of original data, which is then cross-validated and verified with published sources.
Statistical Model
Simulation models are used to generate our business estimates and forecasts. For each study, a one-of-a-kind model is created. Data gathered for market dynamics, the digital landscape, development services, and valuation patterns are fed into the prototype and analyzed concurrently. These factors are compared, and their effect over the projected timeline is quantified using correlation, regression, and statistical modeling. Market forecasting is accomplished through the use of a combination of economic techniques, technical analysis, industry experience, and domain knowledge.
Short-term forecasting is typically done with econometric models, while long-term forecasting is done with technological market models. These are based on a synthesis of the technological environment, legal frameworks, economic outlook, and business regulations. Bottom-up market evaluation is favored, with crucial regional markets reviewed as distinct entities and data integration to acquire worldwide estimates. This is essential for gaining a thorough knowledge of the industry and ensuring that errors are kept to a minimum.
Some of the variables taken into account for forecasting are as follows:
• Industry drivers and constraints, as well as their current and projected impact
• The raw material case, as well as supply-versus-price trends
• Current volume and projected volume growth through 2030
We allocate weights to these variables and use weighted average analysis to determine the estimated market growth rate.
Primary Validation
This is the final step in our report’s estimating and forecasting process. Extensive primary interviews are carried out, both in-person and over the phone, to validate our findings and the assumptions that led to them.
Leading companies from across the supply chain, including suppliers, technology companies, subject matter experts, and buyers, use techniques like interviewing to ensure a comprehensive and non-biased overview of the business. These interviews are conducted all over the world, with the help of local staff and translators, to overcome language barriers.
Primary interviews not only aid with data validation, but also offer additional important insight into the industry, existing business scenario, and future projections, thereby improving the quality of our reports.
All of our estimates and forecasts are validated through extensive research work with key industry participants (KIPs), which typically include:
• Market leaders
• Suppliers of raw materials
• Suppliers of raw materials
• Buyers.
The following are the primary research objectives:
• To ensure the accuracy and acceptability of our data.
• Gaining an understanding of the current market and future projections.
Data Collection Matrix
Perspective | Primary research | Secondary research |
Supply-side |
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Demand-side |
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Market Analysis Matrix
Qualitative analysis | Quantitative analysis |
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Prominent Players:
- EPM Group
- Graphite India Limited
- GrafTech International Ltd
- HEG Ltd
- Kaifeng Carbon Co. Ltd
- Zhongping Energy & Chemical Group (KFCC)
- Nippon Carbon Co Ltd.
- Tokai Carbon Co. Ltd.
- Nantong Yangzi Carbon Co. Ltd.
- Sangraf International
- SHOWA DENKO K.K.
FAQs
“Asia Pacific” region will lead the global Graphite Electrode market during the forecast period 2022 to 2030.
The key factors driving the market are transition in the Chinese steel industry and rising demand from steel-oriented sectors.
The key players operating in the Graphite Electrode market are EPM Group, Graphite India Limited, GrafTech International Ltd, HEG Ltd, Kaifeng Carbon Co. Ltd , Zhongping Energy & Chemical Group (KFCC), Nippon Carbon Co Ltd., Tokai Carbon Co. Ltd., Nantong Yangzi Carbon Co. Ltd., Sangraf International, SHOWA DENKO K.K.
The global Graphite Electrode market is expanding growth with a CAGR of approximately 11% during the forecast period (2022 to 2030).
The global Graphite Electrode market size was valued at USD 7 Billion in 2021 and it is projected to reach around USD 12.5 Billion by 2030.