PUBLISHER: IMARC | PRODUCT CODE: 1468525
PUBLISHER: IMARC | PRODUCT CODE: 1468525
Graphite Electrodes Market Report by Product Type (Ultra-high Power (UHP), High Power (HP), Regular Power (RP)), Application (Electric Arc Furnace, Ladle Furnace, Non-Steel Application), and Region 2024-2032
The global graphite electrodes market size reached US$ 6.6 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 10.5 Billion by 2032, exhibiting a growth rate (CAGR) of 5.2% during 2024-2032.
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 degree 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:
IMARC Group provides an analysis of the key trends in each sub-segment of the global graphite electrodes market report, along with forecasts at the global and regional level from 2024-2032. 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
IMARC Group'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.
Key Questions Answered in This Report
- 1. What was the size of the global graphite electrodes market in 2023?
- 2. What is the expected growth rate of the global graphite electrodes market during 2024-2032?
- 3. What are the key factors driving the global graphite electrodes market?
- 4. What has been the impact of COVID-19 on the global graphite electrodes market?
- 5. What is the breakup of the global graphite electrodes market based on the product type?
- 6. What is the breakup of the global graphite electrodes market based on the application?
- 7. What are the key regions in the global graphite electrodes market?
- 8. Who are the key players/companies in the global graphite electrodes market?
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting 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)
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 High Power (HP)
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
- 6.3 Regular Power (RP)
- 6.3.1 Market Trends
- 6.3.2 Market Forecast
7 Market Breakup by Application
- 7.1 Electric Arc Furnace
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Ladle Furnace
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
- 7.3 Non-Steel Application
- 7.3.1 Market Trends
- 7.3.2 Market Forecast
8 Market Breakup by Region
- 8.1 Asia Pacific
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 Europe
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
- 8.3 North America
- 8.3.1 Market Trends
- 8.3.2 Market Forecast
- 8.4 Middle East and Africa
- 8.4.1 Market Trends
- 8.4.2 Market Forecast
- 8.5 Latin America
- 8.5.1 Market Trends
- 8.5.2 Market Forecast
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
- 13.1 Market Structure
- 13.2 Key Players
- 13.3 Profiles of Key Players
- 13.3.1 Energoprom Group
- 13.3.2 Fanda Carbon New Material Co. LTD
- 13.3.3 Graftech International
- 13.3.4 HEG Limited
- 13.3.5 Nantong Yangzi Carbon Co. Ltd
- 13.3.6 Graphite India
- 13.3.7 SHOWA DENKO
- 13.3.8 Beijing Great Wall Co., Ltd
- 13.3.9 Nippon Carbon Co Ltd
- 13.3.10 Ameri-Source Specialty Products
- 13.3.11 Tokai Carbon Co., Ltd
- 13.3.12 Schutzcarbon
List of Figures
- Figure 1: Global: Graphite Electrodes Market: Major Drivers and Challenges
- Figure 2: Global: Graphite Electrodes Market: Sales Value (in Billion US$), 2018-2023
- Figure 3: Global: Graphite Electrodes Market: Breakup by Product Type (in %), 2023
- Figure 4: Global: Graphite Electrodes Market: Breakup by Application (in %), 2023
- Figure 5: Global: Graphite Electrodes Market: Breakup by Region (in %), 2023
- Figure 6: Global: Graphite Electrodes Market Forecast: Sales Value (in Billion US$), 2024-2032
- Figure 7: Global: Graphite Electrodes Industry: SWOT Analysis
- Figure 8: Global: Graphite Electrodes Industry: Value Chain Analysis
- Figure 9: Global: Graphite Electrodes Industry: Porter's Five Forces Analysis
- Figure 10: Global: Graphite Electrodes (Ultra-high Power) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 11: Global: Graphite Electrodes (Ultra-high Power) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 12: Global: Graphite Electrodes (High Power) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 13: Global: Graphite Electrodes (High Power) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 14: Global: Graphite Electrodes (Regular Power) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 15: Global: Graphite Electrodes (Regular Power) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 16: Global: Graphite Electrodes (Electric Arc Furnace) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 17: Global: Graphite Electrodes (Electric Arc Furnace) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 18: Global: Graphite Electrodes (Ladle Furnace) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 19: Global: Graphite Electrodes (Ladle Furnace) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 20: Global: Graphite Electrodes (Non-Steel Application) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 21: Global: Graphite Electrodes (Non-Steel Application) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 22: Asia Pacific: Graphite Electrodes Market: Sales Value (in Million US$), 2018 & 2023
- Figure 23: Asia Pacific: Graphite Electrodes Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 24: Europe: Graphite Electrodes Market: Sales Value (in Million US$), 2018 & 2023
- Figure 25: Europe: Graphite Electrodes Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 26: North America: Graphite Electrodes Market: Sales Value (in Million US$), 2018 & 2023
- Figure 27: North America: Graphite Electrodes Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 28: Middle East and Africa: Graphite Electrodes Market: Sales Value (in Million US$), 2018 & 2023
- Figure 29: Middle East and Africa: Graphite Electrodes Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 30: Latin America: Graphite Electrodes Market: Sales Value (in Million US$), 2018 & 2023
- Figure 31: Latin America: Graphite Electrodes Market Forecast: Sales Value (in Million US$), 2024-2032
List of Tables
- Table 1: Global: Graphite Electrodes Market: Key Industry Highlights, 2023 and 2032
- Table 2: Global: Graphite Electrodes Market Forecast: Breakup by Product Type (in Million US$), 2024-2032
- Table 3: Global: Graphite Electrodes Market Forecast: Breakup by Application (in Million US$), 2024-2032
- Table 4: Global: Graphite Electrodes Market Forecast: Breakup by Region (in Million US$), 2024-2032
- Table 5: Global: Graphite Electrodes Market Structure
- Table 6: Global: Graphite Electrodes Market: Key Players
