Graphite Electrodes Market Overview:
Graphite Electrodes Market Segmentation:
The graphite electrodes market is divided into three segments based on product type: ultra-high power (UHP), high power, and regular power. With 41% of the market share overall in 2022, UHP has dominated the industry. The segment's growth is ascribed to attributes like exceptional quality and efficiency, maximum heat resistance, and high durability. High value needle coke, which is made from coke or petroleum, is the primary component used in the electric arc furnace industry to recycle steel. According to projections, UHP will expand at a 5.7% CAGR in the coming years.
According to the Application: The market is divided into segments such as ladler furnaces, electric arc furnaces, and others. The EAF is a steel-making furnace that uses electric arcs to melt and heat steel scrap by striking it between its electrodes and a metal bath. Electric current is used in EAF in two different forms: direct current and alternating current. The EAF produces about one-third of the world's crude steel. With more than 65% of the market share, EAF is the most dominant segment in the market. Many of the secondary refining operations are relieved from the primary steel-making process by means of the ladle furnace.
1. Graphite Electrodes Market Size and Forecast, by Product Type (2022-2029)
1.1. Regular power
1.2. High power
1. Ultra-high power
2. Graphite Electrodes Market Size and Forecast, by Application (2022-2029)
2.1. Eelectric arc furnace
2.2. Ladler furnace
2. Others
Graphite Electrodes Market Size and Forecast, by Region (2022-2029)
1. North America
2. Europe
Asia Pacific
4. Middle East and Africa
5. South America
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Graphite Electrodes Market Key Players: The key players are
1. Nantong Yangzi Corbon Co. Ltd
2. SGL Carbon
3. Fangda Carbon New Material Co. Ltd.
4. Sangraf International
5. SEC Carbon Limited
6. Nippon Carbon
7. Beijing Great Wall Co., Ltd.
8. Ameri-Source Specialty Products
9. Tokai Carbon Co., Ltd
10. Schutzcarbon
11. EPM Group
12. Showa Denko K.K.
13. GRAFTech International
14. Graphite India Limited (GIL)
15. HEG Ltd.
16. Tokai Carbon Co., Ltd.
17. Energoprom
18. Jilin Corbon Co. Ltd
19. Kaifeng Corbon Co. Ltd
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Graphite Electrodes Market Regional Analysis:
The Graphite Electrodes market prediction research is created after a thorough examination of many geographical areas, including Asia-Pacific, Europe, North America, and the rest of the globe. North America has the greatest power over the Graphite Electrodes market share and will continue to be a major shareholder in the global Graphite Electrodes market.
COVID-19 Impact Analysis on Graphite Electrodes Market: The COVID-19 impact on the Graphite Electrodes market is also included in the report
Key Questions Answered in the Graphite Electrodes Market Report are:
- What will be the CAGR of the Graphite Electrodes market during the forecast period?
- Which segment emerged as the leading segment in the Graphite Electrodes market?
- Which are the prominent players in the Graphite Electrodes market?
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