Graphite Electrodes Global Strategic Business Report ...

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Graphite Electrodes Market

Graphite Electrodes Market

The global market for graphite electrodes is poised for significant growth, as the industry is forecast to expand from its current valuation of $12.3 billion in 2023 to $18.2 billion by 2030. This represents a CAGR of 5.8% over the forecast period. Notably, the segment for ultra-high power graphite electrodes is expected to grow by 5.4% during this time.

Dublin, March 28, 2024 (GLOBE NEWSWIRE) -- The "Graphite Electrodes - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.

The global market for Graphite Electrodes estimated at US$12.3 Billion in the year 2023, is projected to reach a revised size of US$18.2 Billion by 2030, growing at a CAGR of 5% over the analysis period 2023-2030.

Ultra-High Power Graphite Electrodes, one of the segments analyzed in the report, is projected to record 5.4% CAGR and reach US$12.7 Billion by the end of the analysis period. Growth in the High Power Graphite Electrodes segment is estimated at 4.5% CAGR for the next 8-year period.

The Graphite Electrodes market in the U.S. is estimated at US$1.8 Billion in the year 2023. China, the world's second largest economy, is forecast to reach a projected market size of US$3.3 Billion by the year 2030 trailing a CAGR of 5.8% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.6% and 3.8% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 4.6% CAGR.

Key Market Trends & Drivers

• Iron and steel production patterns greatly influence market demand.

• Steel scrap availability serves as another major influencing factor.

• Graphite electrode is a primary input for electric arc furnace (EAF) steel making.

• EAFs remain the primary consumer of graphite electrodes.

• There is an increased demand for high-quality steel.

• The automotive industry plays a prominent role in market growth.

• There is increasing use of graphite in lithium-ion batteries.

• Supply bottlenecks and skyrocketing prices of graphite electrodes persist.

• High demand and limited inventory are factors behind the price rally.

• Easing of graphite electrode prices is in sight.

• Industry-wide applications of carbon products continue to expand.

Key Players

The report features profiles of 30+ featured companies. A selection of companies in the report includes:

• GrafTech International Ltd.

• Graphite India Ltd.

• Tokai Carbon Co., Ltd.

Market Overview

Key Attributes:

Report Attribute

Details

No. of Pages

295

Forecast Period

2023 - 2030

Estimated Market Value (USD) in 2023

$12.3 Billion

Forecasted Market Value (USD) by 2030

$18.2 Billion

Compound Annual Growth Rate

5.8%

Regions Covered

Global

Key Topics Covered

I. Methodology

II. Executive Summary

1. Market Overview

• Influencer Market Insights

• World Market Trajectories

• Global Graphite Electrodes Market to Grow at Decent Pace despite Challenges

• Trends in EAF Steel Production: A Key Factor Dictating Demand for Graphite Electrodes

• Production Cost of Graphite electrodes - Percentage Breakdown of Cost by Component

• Ultra-High Power Graphite Electrode Witnesses High Demand

• World Graphite Electrodes Market by Electrode Type (2020 & 2027): Percentage Breakdown of Sales for Ultra-High Power, High Power, and Regular Power

• Steel Manufacturing Application Dominates Graphite Electrodes Market

• World Graphite Electrodes Market by Application (2020 & 2027): Percentage Breakdown of Sales for Steel, Silicon Metal, and Other Applications

• Led by China, Asia-Pacific Holds Dominant Position in Graphite Electrodes Market

• World Graphite Electrodes Market by Region (2020 & 2027): Percentage Breakdown of Sales for Developed and Developing Regions

• Global Graphite Electrodes Market - Geographic Regions Ranked by Value CAGR for 2020-2027

• Competitive Scenario

• Recent Market Activity

• Graphite Electrodes - Global Key Competitors Percentage Market Share in 2023 (E)

• Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2023 (E)

  For more information, please visit Super High Power Graphite Electrode.

2. Focus on Select Players

3. Market Trends & Drivers

• Global Production of Crude Steel (2019): Percentage Breakdown by Method of Production

• Steel Production by Manufacturing Process in Select Countries (2019)

• World Automobile Production in Million Units: 2008-2022

• Carbon and Graphite: Product Overview

• Carbon

  • Industry-Wide Applications of Carbon Products

• Graphite

  • Features, Sources and Classification of Graphite

  • Graphite Products

  • Graphite Electrodes

  • Standard Properties of Graphite Electrodes (Room Temperature Values)

  • Grades of Graphite Electrodes

  • Graphite Electrodes: Production Process

  • Applications of Graphite Electrodes

4. Global Market Perspective

III. Market Analysis

• United States

• Canada

• Japan

• China

• Europe

• France

• Germany

• Italy

• United Kingdom

• Spain

• Russia

• Rest of Europe

• Asia-Pacific

• Australia

• India

• South Korea

• Rest of Asia-Pacific

• Latin America

• Argentina

• Brazil

• Mexico

• Rest of Latin America

• Middle East

• Iran

• Israel

• Saudi Arabia

• United Arab Emirates

• Rest of Middle East

• Africa

IV. Competition

For more information about this report visit https://www.researchandmarkets.com/r/o96pp3

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