PUBLISHER: Grand View Research | PRODUCT CODE: 1404925
PUBLISHER: Grand View Research | PRODUCT CODE: 1404925
Graphite Electrode Market Size, Share & Trends Analysis Report By Grade (UHP, HP, RP), By Application (EAF, BOF, Non-steel Applications), By Region (Europe, MEA, Asia Pacific, North America), And Segment Forecasts, 2023 - 2030
Graphite Electrode Market Growth & Trends:
The global graphite electrode market size is expected to reach USD 20.13 billion by 2030, registering a CAGR of 4.2% from 2023 to 2030, according to a new report by Grand View Research, Inc. The increased use of innovative and efficient production processes by steel producers worldwide is related to further development. Growing awareness about the environmental impact of excessive usage of petroleum-derived products has resulted in the development of novel materials to lessen the environmental impact. Industrial processes that use graphite electrodes include aluminum smelting, silicon manufacturing, and phosphorus production. They are important due to their desirable qualities, which include high electrical conductivity, high thermal conductivity, strong resilience to heat & impact, and high strength & stiffness.
Governments and industries globally are investing in renewable energy sources, such as wind and solar power. This has led to a surge in the installation of wind turbines and solar panels, boosting the market for specialized electrodes used in these applications. Stringent regulations are encouraging the usage of greener technology for steel production, such as electric arc furnaces (EAFs). This transition demands the use of high-quality graphite electrodes. Furthermore, continued research into improved materials, coatings, and alloys is leading to the development of more efficient and durable electrodes that may fulfill the needs of a variety of sectors. These factors are driving the global market growth. Major players are emphasizing the use of sustainable methods for developing electrodes by including recycling methods. It also includes the usage of scrap battery materials, which results in reduced demand for new production.
This implies that recycled electrodes meet the highest environmental and social standards. These initiatives are expected to fuel the demand for sustainable methods of producing electrodes, thereby fueling market growth. The Asia Pacific market size was estimated at USD 6,734.43 million in 2022 due to flourishing economic growth, increased construction activities, and rising awareness regarding eco-friendly methods for steel production. Manufacturers and steel producers are working on building resilient supply chains to mitigate disruptions & ensure a consistent product supply. The global market exhibits high competition owing to the presence of established players. Key companies opt for various strategies, such as partnerships and collaborations, to gain higher market share. Moreover, a few manufacturers are vertically integrated to ensure easy availability and reduce their dependence on raw material suppliers.
Graphite Electrode Market Report Highlights:
- The HP grade segment accounted for a revenue share of 53.22% in 2022. Manufacturers are investigating new materials, such as tungsten, molybdenum, and graphene, to increase performance & durability while fulfilling the demands of high-temperature and high-voltage applications. Energy-efficient techniques are becoming increasingly important in industry
- Continuous development & improvement in the performance of UHP graphite electrodes have been witnessed due to high R&D investments, and this trend is expected to continue in the future. Furthermore, as industries want specialized solutions for specific applications, such as EAFs, in steel manufacturing or plasma cutting in aerospace, demand for customized UHP electrodes is increasing
- The use of EAFs for steel production is on the rise due to their environmental benefits and cost-efficiency. This drives the demand for graphite electrodes, which are essential in EAFs
- Steel-makers are focusing on energy-efficient processes. Advanced designs & materials contribute to reduced energy consumption during steel production. Moreover, efforts to recycle & reuse graphite electrodes, which reduce the need for new production and align with sustainability goals, boost market demand
Table of Contents
Chapter 1. Methodology and Scope
- 1.1 Market Segmentation & Scope
- 1.2 Research Methodology
- 1.3 Research Scope and Assumptions
- 1.4 Information Procurement
- 1.4.1 Purchased Database
- 1.4.2 GVR'S Internal Database
- 1.4.3 Secondary Sources
- 1.4.4 Third Party Perspective
- 1.4.5 Primary Research
- 1.5 Information Analysis
- 1.5.1 Data Analysis Models
- 1.6 Market Formulation and Data Visualization
- 1.7 List of data sources
Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Segmental Outlook
- 2.3. Competitive Outlook
Chapter 3. Graphite Electrodes Market Variables, Trends, and Scope
- 3.1. Market Lineage Outlook
- 3.2. Graphite Electrodes Market - Value Chain Analysis
- 3.2.1. Sales Channel Analysis
- 3.3. Technology Overview
- 3.4. Regulatory Framework
- 3.5. Market Dynamics
- 3.5.1. Driver Analysis
- 3.5.2. Market Restraint Analysis
- 3.5.3. Market Opportunity Analysis
- 3.5.4. Market Challenges
- 3.6. Industry Analysis - Porter's
- 3.6.1. Competitive Rivalry
- 3.6.2. Supplier Power
- 3.6.3. Buyer Power
- 3.6.4. Threat of Substitutes
- 3.6.5. Threat of New Entrants
- 3.7. PESTLE Analysis by SWOT
- 3.7.1. Political Landscape
- 3.7.2. Economic Landscape
- 3.7.3. Social Landscape
- 3.7.4. Technological Landscape
- 3.7.5. Legal Landscape
- 3.7.6. Environmental Landscape
- 3.8. Market Disruption Analysis
Chapter 4. Graphite Electrodes Market: Grade Estimates & Trend Analysis
- 4.1. Graphite Electrodes Market: Grade Key Takeaways
- 4.2. Graphite Electrodes Market: Grade Movement Analysis, 2022 & 2030
- 4.3. Ultra High Powered (UHP)
- 4.4. High Powered (HP)
- 4.5. Regular Powered (RP)
Chapter 5. Graphite Electrodes Market: Application Estimates & Trend Analysis
- 5.1. Graphite Electrodes Market: Application Key Takeaways
- 5.2. Graphite Electrodes Market: Application Movement Analysis, 2022 & 2030
- 5.3. Electric Arc Furnace (EAF)
- 5.4. Basic Oxygen Furnace (BOF)
- 5.5. Non-Steel Application
Chapter 6. Graphite Electrodes Market: Regional Estimates & Analysis
- 6.1. Graphite Electrodes Market: Regional Key Takeaways
- 6.2. Graphite Electrodes Market: Regional Marketplace
- 6.3. North America
- 6.3.1. U.S.
- 6.3.2. Canada
- 6.3.3. Mexico
- 6.4. Europe
- 6.4.1. Germany
- 6.4.2. UK
- 6.4.3. France
- 6.4.4. Italy
- 6.4.5. Spain
- 6.5. Asia Pacific
- 6.5.1. China
- 6.5.2. India
- 6.5.3. Japan
- 6.5.4. South Korea
- 6.5.5. Australia
- 6.6. Central & South America
- 6.7. Middle East & Africa
Chapter 7. Supplier Intelligence
- 7.1. Kraljic Matrix
- 7.2. Engagement Model
- 7.3. Negotiation Strategies
- 7.4. Sourcing Best Practices
- 7.5. Vendor Selection Criteria
- 7.6. List of Raw Material Suppliers
Chapter 8. Competitive Landscape
- 8.1. Recent Developments & Impact Analysis, By Key Market Participants
- 8.2. Company/Competition Categorization
- 8.3. Company Market Positioning
- 8.4. Company Heat Map Analysis
- 8.5. Company Listings (Overview, Financials, Product Portfolio, Strategy)
- 8.5.1. GrafTech International
- 8.5.1.1. Company Overview
- 8.5.1.2. Financial Performance
- 8.5.1.3. Product Benchmarking
- 8.5.1.4. Strategic Initiatives
- 8.5.2. Zhongze group
- 8.5.3. Dan carbon
- 8.5.4. Showa denko
- 8.5.5. Tokai carbon
- 8.5.6. Graphite india
- 8.5.7. Resonac holdings corporation
- 8.5.8. Fangda carbon new material co., ltd
- 8.5.9. Sangraf international
- 8.5.10. Sec carbon, ltd.
- 8.5.11. Nippon carbon.
- 8.5.1. GrafTech International
List of Tables
- Table 1 Graphite Electrodes Market Estimates & Forecast, By Grade 2018 - 2030 (Kilotons)
- Table 2 Graphite Electrodes Market Estimates & Forecast, By Grade 2018 - 2030 (USD Million)
- Table 3 Graphite Electrodes Market Estimates & Forecast, By Application 2018 - 2030 (Kilotons)
- Table 4 Graphite Electrodes Market Estimates & Forecast, By Application 2018 - 2030 (USD Million)
- Table 5 Recent Developments & Impact Analysis, By Key Market Participants
List of Figures
- Fig. 1 Graphite Electrodes market segmentation
- Fig. 2 Information Procurement
- Fig. 3 Data Analysis Models
- Fig. 4 Market Formulation and Validation
- Fig. 5 Data Validating & Publishing
- Fig. 6 Regional Outlook
- Fig. 7 Segmental Outlook
- Fig. 8 Competitive Outlook
- Fig. 9 Graphite Electrodes Market - Industry Value Chain Analysis
- Fig. 10 Graphite Electrodes Market Driver Impact Analysis
- Fig. 11 Market restraints analysis
- Fig. 12 Industry Analysis - Porter's
- Fig. 13 PESTLE by SWOT
- Fig. 14 Product: Key Takeaways
- Fig. 15 Grade: Market Share, 2022 & 2030
- Fig. 16 Graphite Electrodes market estimates & forecasts, Ultra High Powered (UHP), 2018 - 2030 (Kilotons) (USD Million)
- Fig. 17 Graphite Electrodes market estimates & forecasts, by High Powered (HP), 2018 - 2030 (Kilotons) (USD Million)
- Fig. 18 Graphite Electrodes market estimates & forecasts, by Regular Powered (RP), 2018 - 2030 (Kilotons) (USD Million)
- Fig. 19 Application: Market Share, 2022 & 2030
- Fig. 20 Graphite Electrodes market estimates & forecasts, Electric Arc Furnace (EAF), 2018 - 2030 (Kilotons) (USD Million)
- Fig. 21 Graphite Electrodes market estimates & forecasts, by Basic Oxygen Furnace (BOF), 2018 - 2030 (Kilotons) (USD Million)
- Fig. 22 Graphite Electrodes market estimates & forecasts, by Non-Steel Application, 2018 - 2030 (Kilotons) (USD Million)
- Fig. 23 Region, 2022 & 2030 (USD Million)
- Fig. 24 Regional marketplace: Key takeaways
- Fig. 25 North America Graphite Electrodes market estimates & forecasts, 2018 - 2030 (Kilotons) (USD Million)
- Fig. 26 U.S. Graphite Electrodes market estimates & forecasts, 2018 - 2030 (Kilotons) (USD Million)
- Fig. 27 Canada Graphite Electrodes market estimates & forecasts, 2018 - 2030 (Kilotons) (USD Million)
- Fig. 28 Mexico Graphite Electrodes market estimates & forecasts, 2018 - 2030 (Kilotons) (USD Million)
- Fig. 29 Europe Graphite Electrodes market estimates & forecasts, 2018 - 2030 (Kilotons) (USD Million)
- Fig. 30 Germany Graphite Electrodes market estimates & forecasts, 2018 - 2030 (Kilotons) (USD Million)
- Fig. 31 UK Graphite Electrodes market estimates & forecasts, 2018 - 2030 (Kilotons) (USD Million)
- Fig. 32 France Graphite Electrodes market estimates & forecasts, 2018 - 2030 (Kilotons) (USD Million)
- Fig 33 Spain Graphite Electrodes market estimates & forecasts, 2018 - 2030 (Kilotons) (USD Million)
- Fig. 34 Italy Graphite Electrodes market estimates & forecasts, 2018 - 2030 (Kilotons) (USD Million)
- Fig. 35 Asia Pacific Graphite Electrodes market estimates & forecasts, 2018 - 2030 (Kilotons) (USD Million)
- Fig. 36 China Graphite Electrodes market estimates & forecasts, 2018 - 2030 (Kilotons) (USD Million)
- Fig. 37 India Graphite Electrodes market estimates & forecasts, 2018 - 2030 (Kilotons) (USDs Million)
- Fig. 38 Japan Graphite Electrodes market estimates & forecasts, 2018 - 2030 (Kilotons) (USD Million)
- Fig. 39 South Korea Graphite Electrodes market estimates & forecasts, 2018 - 2030 (Kilotons) (USD Million)
- Fig. 40 Australia Graphite Electrodes market estimates & forecasts, 2018 - 2030 (Kilotons) (USD Million)
- Fig. 41 Central & South America Graphite Electrodes market, 2018 - 2030 (Kilotons) (USD Million)
- Fig. 42 Middle East & Africa Graphite Electrodes market estimates & forecasts, 2018 - 2030 (Kilotons) (USD Million)
- Fig. 43 Kraljic Matrix
- Fig. 44 Engagement Model
- Fig. 45 Sourcing Best Practices
- Fig. 46 Vendor Selection Criteria
- Fig. 47 Competition Categorization
- Fig. 48 Market Position Analysis
- Fig. 49 Market Heat Map Analysis
