Report Code: CMI20077

Published Date: April 2023

Pages: 220+

Category: Advanced Materials

Report Snapshot

CAGR: 9.9%
6,564.2M
2022
9,575.75M
2023
18,541.99M
2030

Source: CMI

Study Period: 2024-2033
Fastest Growing Market: Asia-Pacific
Largest Market: Europe

Major Players

  • EPM Group
  • Graphite India Limited
  • GrafTech International Ltd
  • HEG Ltd
  • Kaifeng Carbon Co. Ltd
  • Others

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Reports Description

As per the current market research conducted by Custom Market Insight Team, the global Graphite Electrode market is expected to record a CAGR of 9.9% from 2023 to 2030. In 2023, the market size is projected to reach a valuation of US$ 9,575.75 million. By 2030, the valuation is anticipated to reach US$ 18,541.99 million.

The graphite electrode market refers to the global market for graphite electrodes, which are essential components in the production of steel via the electric arc furnace (EAF) method. Graphite electrodes are used as conductors of electric current in EAFs, where they melt scrap steel to create new steel products. The market encompasses the manufacturing, distribution, and sale of graphite electrodes to industries such as construction, automotive, infrastructure, and aerospace and defense. The market size and demand for graphite electrodes can fluctuate based on various economic and industrial factors.

Graphite Electrode Market – Significant Growth Factors

The graphite electrode market presents significant growth opportunities due to the increasing demand for steel products in various industries. The growth of the construction, automotive, infrastructure, and aerospace and defense sectors, which are major consumers of steel products, is driving the demand for graphite electrodes.

Moreover, the shift towards electric arc furnace (EAF) technology in the steel production process, which requires graphite electrodes, is also contributing to the market’s growth. The EAF method is more cost-effective and environmentally friendly than traditional steelmaking methods, and it requires a higher amount of graphite electrodes. Additionally, the increasing use of graphite electrodes in non-steel applications, such as the production of silicon metal, aluminum, and other alloys, is expected to further boost the demand for graphite electrodes in the market.

Furthermore, advancements in graphite electrode technology, such as the development of ultra-high power (UHP) graphite electrodes, are providing new growth opportunities for the market players. These UHP graphite electrodes offer better performance, durability, and efficiency than conventional graphite electrodes, and they are expected to become more popular in the steel production process in the coming years.

In summary, the graphite electrode market is expected to experience significant growth opportunities due to the increasing demand for steel products, the shift towards EAF technology, the expanding use of graphite electrodes in non-steel applications, and the development of advanced graphite electrode technologies.

Attributes Value
Graphite Electrode Value (2022)

US$ 6,564.2 million

Graphite Electrode Market Expected Value (2023) US$ 9,575.75 million
Graphite Electrode Market Forecast Value (2030) US$ 18,541.99 million
Graphite Electrode Market Expected CAGR (2023 to 2030) 9.9%

Graphite Electrode Market – Mergers and Acquisitions

The graphite electrode market has seen significant mergers and acquisitions activity in recent years, driven by the need for companies to expand their production capacities and product offerings to meet the increasing demand for graphite electrodes.

  • One of the most notable mergers in the graphite electrode market was the acquisition of GrafTech International by Brookfield Asset Management in 2015. This merger allowed GrafTech to expand its production capabilities and enter new markets, while Brookfield Asset Management gained access to GrafTech’s advanced technology and expertise in the graphite electrode market.
  • In 2018, Showa Denko acquired SGL GE Holding, a subsidiary of SGL Carbon, to expand its presence in the graphite electrode market. This acquisition allowed Showa Denko to enter new markets and increase its production capacities, while SGL Carbon divested its non-core business and focused on other areas of its operations.
  • Other notable mergers and acquisitions in the graphite electrode market include the acquisition of Ameri-Source by Tokai Carbon Co. Ltd. in 2018, and the acquisition of C-G Carbon by Tokai Carbon Co. Ltd. in 2020.

In summary, the graphite electrode market has seen significant mergers and acquisitions activity in recent years, as companies look to expand their production capacities, product offerings, and market share to meet the increasing demand for graphite electrodes.

COMPARATIVE ANALYSIS OF THE RELATED MARKET

Graphite Electrode Market Kojic Acid Market Nano Zinc Oxide Market
CAGR 9.9% (Approx) CAGR 2%

(Approx)

21.53%

(Approx)

US$ 18,541.99 million by 2030 USD 75 million by 2030 USD 44.8 Billion by 2030.

Graphite Electrode Market – Significant Threats

The graphite electrode market faces several significant threats that could impact its growth and profitability. These threats include:

  • Fluctuations in the steel industry: The demand for graphite electrodes is closely tied to the steel industry, which is subject to fluctuations in demand, pricing, and supply chain disruptions. These factors can impact the demand for graphite electrodes and lead to revenue and profitability declines for graphite electrode manufacturers.
  • Increasing competition: The graphite electrode market is highly competitive, with several large players operating in the market. The entry of new competitors and the expansion of existing players can increase competition, resulting in price wars, lower profit margins, and market share losses.
  • Technological advancements: The development of alternative technologies for steel production, such as direct reduced iron (DRI) and blast furnace technologies, could reduce the demand for graphite electrodes and negatively impact the market.
  • Raw material price volatility: Graphite electrodes are made from raw materials such as needle coke and coal tar pitch, which are subject to price fluctuations and supply chain disruptions. These factors can impact the production costs of graphite electrodes, affecting the profitability of manufacturers.
  • Environmental regulations: The graphite electrode manufacturing process generates greenhouse gas emissions and other pollutants, which can lead to stricter environmental regulations and compliance costs. These regulations can increase production costs and reduce the profitability of graphite electrode manufacturers.

In summary, the graphite electrode market faces several significant threats, including fluctuations in the steel industry, increasing competition, technological advancements, raw material price volatility, and environmental regulations. Companies operating in the market must be prepared to navigate these challenges to maintain their competitive position and profitability.

Report Scope

Feature of the Report Details
Market Size in 2023 USD 9,575.75 Million
Projected Market Size in 2030 USD 18,541.99 Million
Market Size in 2022 USD 6,564.2 Million
CAGR Growth Rate 9.9% CAGR (2022-2030)
Base Year 2023
Forecast Period 2024-2033
Key Segment By Electrode Grade Type, Application, 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 fulfill your requirements for research.

Category-Wise Insights

Product Type-Based Insights

The global graphite electrode market was led by the ultra-high power segment in 2019, which accounted for the largest market share. These graphite electrodes are predominantly used in the electric arc furnace (EAF) industry for recycling steel. The primary raw material for ultra-high power graphite electrodes is high-quality needle coke, produced from either coal tar or petroleum. The electrodes are cylindrical in shape and feature threaded areas at each end to enable assembly into an electrode column using electrode nipples.

The increasing popularity of large-capacity ultra-high power arc furnaces, which offer lower costs and higher work efficiency, is expected to drive the demand for ultra-high power graphite electrodes. As a result, this segment is projected to maintain its dominant position in the graphite electrode market and witness the highest compound annual growth rate (CAGR) growth.

Application-Based Insights

The graphite electrode market is segmented by application into electric arc furnaces, ladle furnaces, and others. Among these, the electric arc furnace segment is expected to exhibit the highest CAGR during the forecast period. Graphite electrodes are an essential component of the electric arc furnace (EAF) method for steel production and are also used for the purification of steel in ladle furnaces.

In addition, they are utilized in the production of non-steel ferrous metals, ferroalloys, silicon metal, and yellow phosphorus. Although the quantity required is small, with approximately 1.6kg of graphite electrode needed for every ton of steel production, it is a crucial consumable in EAF steel production. The electric arc furnace segment accounts for more than 82% of the total graphite electrode market share.

Global Graphite Electrode Market 2023–2030 (By Million)

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Graphite Electrode Market – Regional Analysis

The graphite electrode market can be analyzed based on regional segments, including North America, Europe, Asia Pacific, Middle East and Africa, and South America.

  • Asia Pacific dominated the graphite electrode market in 2019, owing to the increasing demand for steel and other metals in developing countries such as China, India, and Southeast Asia. The region is also a major producer of steel, which drives the demand for graphite electrodes. Moreover, the growing use of electric vehicles in the region is expected to boost the demand for graphite electrodes for lithium-ion battery production.
  • North America and Europe are significant markets for graphite electrodes, primarily due to the presence of several prominent steel and automotive manufacturers. The demand for graphite electrodes in these regions is driven by factors such as technological advancements, increasing investments in renewable energy, and the growth of the aerospace and defense industries.
  • The Middle East and Africa and South America are expected to witness substantial growth in the graphite electrode market during the forecast period, owing to the rising demand for steel and other metals in these regions. Additionally, the expansion of the construction, automotive, and infrastructure sectors is expected to boost the demand for graphite electrodes in these regions.

In summary, Asia Pacific dominates the graphite electrode market, while North America, Europe, the Middle East and Africa, and South America are emerging as significant regional markets, driven by growing demand for steel, technological advancements, and the growth of various industries.

Competitive Landscape – Graphite Electrode Market

The graphite electrode market is highly competitive, with several established players operating at the global and regional levels. The market is consolidated, with a few major players dominating the market share. The key players in the market include

  • EPM Group
  • GrafTech International Ltd
  • Graphite India Limited
  • HEG Ltd, Kaifeng Carbon Co. Ltd
  • Zhongping Energy & Chemical Group (KFCC)
  • Nantong Yangzi Carbon Co. Ltd.
  • Nippon Carbon Co Ltd.
  • Sangraf International
  • SHOWA DENKO K.K.
  • Tokai Carbon Co. Ltd.
  • Others

These companies are focusing on mergers and acquisitions, partnerships, and collaborations to expand their presence in the market. For instance, in 2020, GrafTech International Ltd. announced the acquisition of Seadrift Coke L.P. and C/G Electrodes LLC, to strengthen its position in the graphite electrode market.

Furthermore, the companies are investing in research and development activities to enhance their product offerings and increase their market share. For instance, Showa Denko K.K. developed a new grade of ultra-high thermal shock resistance graphite electrodes in 2020, which can be used for ultra-high-power electric arc furnaces.

The market players are also adopting various strategies such as product innovation, capacity expansion, and strategic alliances to gain a competitive edge in the market. The competitive landscape of the graphite electrode market is expected to remain highly competitive in the coming years, driven by increasing demand for steel and other metals, and the growing adoption of electric vehicles.

Global Graphite Electrode Market 2023–2030 (By Application)

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The Graphite Electrode Market is segmented as follows:

By Electrode Grade Analysis

Ultra-High Power (UHP)

High Power (SHP)

Regular Power (RP)

By Application Analysis

Steel

Nonferrous Metals

Fused Materials

Inverted

Chemical Processing

Electric Arc Furnace (EAF)

Ladle Furnace (LF)

Basic Oxygen Furnace

Non-steel Application

By Region

North America

  • U.S.
  • Canada
  • Mexico
  • Rest of North America

Europe

  • Germany
  • France
  • U.K.
  • Italy
  • Spain
  • Rest of Europe

Asia Pacific

  • China
  • Japan
  • India
  • New Zealand
  • 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, (2024 – 2030) (USD Million)
    • 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 Increasing demand for steel products in various industries
      • 3.2.2 Increasing use of graphite electrodes in non-steel applications
      • 3.2.3 Development of ultra-high power (UHP) graphite electrodes.
    • 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 Product Type
      • 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, 2022
    • 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
  • Chapter 5. Global Graphite Electrode Market – Product Type Analysis
    • 5.1 Global Graphite Electrode Market overview: By Product Type
      • 5.1.1 Global Graphite Electrode Market share, By Product Type, 2022 and 2030
    • 5.2 High Power
      • 5.2.1 Global Graphite Electrode Market by High Power, 2024 – 2030 (USD Million)
    • 5.3 Ultra-High Power
      • 5.3.1 Global Graphite Electrode Market by Ultra-High Power, 2024 – 2030 (USD Million)
    • 5.4 Regular Power
      • 5.4.1 Global Graphite Electrode Market by Regular Power, 2024 – 2030 (USD Million)
  • 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, 2022 and 2030
    • 6.2 Electric Arc Furnace
      • 6.2.1 Global Graphite Electrode Market by Electric Arc Furnace, 2024 – 2030 (USD Million)
    • 6.3 Ladle Furnace
      • 6.3.1 Global Graphite Electrode Market by Ladle Furnace, 2024 – 2030 (USD Million)
    • 6.4 Others
      • 6.4.1 Global Graphite Electrode Market by Others, 2024 – 2030 (USD Million)
  • Chapter 7. Graphite Electrode Market – Regional Analysis
    • 7.1 Global Graphite Electrode Market Regional Overview
    • 7.2 Global Graphite Electrode Market Share, by Region, 2022 & 2030 (USD Million)
    • 7.3. North America
      • 7.3.1 North America Graphite Electrode Market, 2024 – 2030 (USD Million)
        • 7.3.1.1 North America Graphite Electrode Market, by Country, 2024 – 2030 (USD Million)
    • 7.4 North America Graphite Electrode Market, by Product Type, 2024 – 2030
      • 7.4.1 North America Graphite Electrode Market, by Product Type, 2024 – 2030 (USD Million)
    • 7.5 North America Graphite Electrode Market, by Application, 2024 – 2030
      • 7.5.1 North America Graphite Electrode Market, by Application, 2024 – 2030 (USD Million)
    • 7.6. Europe
      • 7.6.1 Europe Graphite Electrode Market, 2024 – 2030 (USD Million)
        • 7.6.1.1 Europe Graphite Electrode Market, by Country, 2024 – 2030 (USD Million)
    • 7.7 Europe Graphite Electrode Market, by Product Type, 2024 – 2030
      • 7.7.1 Europe Graphite Electrode Market, by Product Type, 2024 – 2030 (USD Million)
    • 7.8 Europe Graphite Electrode Market, by Application, 2024 – 2030
      • 7.8.1 Europe Graphite Electrode Market, by Application, 2024 – 2030 (USD Million)
    • 7.9. Asia Pacific
      • 7.9.1 Asia Pacific Graphite Electrode Market, 2024 – 2030 (USD Million)
        • 7.9.1.1 Asia Pacific Graphite Electrode Market, by Country, 2024 – 2030 (USD Million)
    • 7.10 Asia Pacific Graphite Electrode Market, by Product Type, 2024 – 2030
      • 7.10.1 Asia Pacific Graphite Electrode Market, by Product Type, 2024 – 2030 (USD Million)
    • 7.11 Asia Pacific Graphite Electrode Market, by Application, 2024 – 2030
      • 7.11.1 Asia Pacific Graphite Electrode Market, by Application, 2024 – 2030 (USD Million)
    • 7.12. Latin America
      • 7.12.1 Latin America Graphite Electrode Market, 2024 – 2030 (USD Million)
        • 7.12.1.1 Latin America Graphite Electrode Market, by Country, 2024 – 2030 (USD Million)
    • 7.13 Latin America Graphite Electrode Market, by Product Type, 2024 – 2030
      • 7.13.1 Latin America Graphite Electrode Market, by Product Type, 2024 – 2030 (USD Million)
    • 7.14 Latin America Graphite Electrode Market, by Application, 2024 – 2030
      • 7.14.1 Latin America Graphite Electrode Market, by Application, 2024 – 2030 (USD Million)
    • 7.15. The Middle-East and Africa
      • 7.15.1 The Middle-East and Africa Graphite Electrode Market, 2024 – 2030 (USD Million)
        • 7.15.1.1 The Middle-East and Africa Graphite Electrode Market, by Country, 2024 – 2030 (USD Million)
    • 7.16 The Middle-East and Africa Graphite Electrode Market, by Product Type, 2024 – 2030
      • 7.16.1 The Middle-East and Africa Graphite Electrode Market, by Product Type, 2024 – 2030 (USD Million)
    • 7.17 The Middle-East and Africa Graphite Electrode Market, by Application, 2024 – 2030
      • 7.17.1 The Middle-East and Africa Graphite Electrode Market, by Application, 2024 – 2030 (USD Million)
  • 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 GrafTech International Ltd
      • 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 Graphite India Limited
      • 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 Nantong Yangzi 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 Nippon 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 Sangraf International
      • 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 SHOWA DENKO K.K.
      • 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 Tokai Carbon Co. Ltd.
      • 8.11.1 Overview
      • 8.11.2 Financials
      • 8.11.3 Product Portfolio
      • 8.11.4 Business Strategy
      • 8.11.5 Recent Developments
List Of Figures

Figures No 1 to 20

List Of Tables

tables No 1 to 52

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
  • Manufacturers
  • Technology distributors and wholesalers
  • Company reports and publications
  • Government publications
  • Independent investigations
  • Economic and demographic data
Demand-side
  • End-user surveys
  • Consumer surveys
  • Mystery shopping
  • Case studies
  • Reference customers


Market Analysis Matrix

Qualitative analysis Quantitative analysis
  • Industry landscape and trends
  • Market dynamics and key issues
  • Technology landscape
  • Market opportunities
  • Porter’s analysis and PESTEL analysis
  • Competitive landscape and component benchmarking
  • Policy and regulatory scenario
  • Market revenue estimates and forecast up to 2030
  • Market revenue estimates and forecasts up to 2030, by technology
  • Market revenue estimates and forecasts up to 2030, by application
  • Market revenue estimates and forecasts up to 2030, by type
  • Market revenue estimates and forecasts up to 2030, by component
  • Regional market revenue forecasts, by technology
  • Regional market revenue forecasts, by application
  • Regional market revenue forecasts, by type
  • Regional market revenue forecasts, by component

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.
  • Others

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.

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