Sandy, Utah, USA, Jan. 23, 2023 (GLOBE NEWSWIRE) -- Custom Market Insights has published a new research report titled “Graphite Electrode Market Size, Trends and Insights By Electrode Grade (Ultra-High Power, High Power, Regular Power), By Application (Electric Arc Furnace, Ladle Furnace, Others), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2022–2030” in its research database.
“According to the latest research study, the demand for global Graphite Electrode Market size & share was valued at approximately USD 7 Billion in 2021 and is expected to reach USD 7.6 billion in 2022 and is expected to reach a value of around USD 12.5 Billion by 2030, at a compound annual growth rate (CAGR) of about 11%during the forecast period 2022 to 2030.”
The report examines the Graphite Electrode market’s drivers and restraints and their impact analysis. Also, the report mentions global opportunities prevailing in the Graphite Electrode market.
Click Here to Access a Free Sample Report of the Global Graphite Electrode Market @ https://www.custommarketinsights.com/request-for-free-sample/?reportid=20077
Graphite Electrode Market: Overview
Graphite electrodes are a crucial component in producing electric arc steel and the ladle refinement of steel. They also have a significant impact on the automobile sector. One of the main factors propelling the expansion of the global market is the rising use of graphite in lithium-ion batteries.
The market for graphite electrodes has grown significantly over the past few years. The market is expanding due to the rising demand for high-quality steel.
Growth Factors
The rapid expansion of steel production in developing nations and the accessibility of steel scrap in China is anticipated to propel market expansion shortly. On the other hand, the study market’s growth will probably be hampered by the skyrocketing price of needle coke. The industry is anticipated to benefit from China’s expanding electric arc furnace (EAF) steel production in the upcoming years.
(A free sample of the Graphite Electrode report is available upon request; please contact us for more information.)
Our Free Sample Report Consists of the following:
- Introduction, Overview, and in-depth industry analysis are all included in the 2022 updated report.
- The COVID-19 Pandemic Outbreak Impact Analysis is included in the package
- About 220+ Pages Research Report (Including Recent Research)
- Provide detailed chapter-by-chapter guidance on Request
- Updated Regional Analysis with Graphical Representation of Size, Share, and Trends for the Year 2022
- Includes Tables and figures have been updated
- The most recent version of the report includes the Top Market Players, their Business Strategies, Sales Volume, and Revenue Analysis
- Custom Market Insights (CMI) research methodology
(Please note that the sample of the Graphite Electrode report has been modified to include the COVID-19 impact study prior to delivery.)
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Segmental Overview
The global Graphite Electrode market is categorized into electrode grade and application. By electrode grade, in 2021, the Electric arc furnace segment had the highest share. Steel is made by melting solid pig iron, steel scrap, direct reduced iron (DRI), hot briquetted iron (HBI), or DRI in an electric arc furnace (EAF). Electricity provides the necessary force to melt the feedstock in the EAF pathway.
Graphite electrode is primarily utilized in the electric arc furnace (EAF) steelmaking process to melt steel scrap. Graphite is used to make electrodes because of its resistance to high temperatures. In EAF, the electrode tip can reach 3,000º F or about 50 per cent of the temperature of the sun’s surface. Electrodes can be between 75 mm and 750 mm in diameter and 2,800 mm in length. UHP electrodes (generally 350 mm and larger) and HP and UHP electrodes (typically 400 mm and smaller) are frequently used in electric arc furnaces (EAF) in steel mills and iron and steel foundries, respectively.
Costs at EAF mills have increased due to the recent spike in graphite electrode prices. Compared to 2017, the cost of graphite electrodes in China increased by more than 700% in 2019. As a result, the average price of graphite electrodes in China was CNY 20,818/tonne as of February 16, 2022, up 5.17% from the start of the year and 44.48% from the same time the previous year.
Key questions answered in this report:
- What is the size of the Graphite Electrode market and what is its expected growth rate?
- What are the primary driving factors that push the Graphite Electrode market forward?
- What are the Graphite Electrode Industry's top companies?
- What are the different categories that the Graphite Electrode Market caters to?
- What will be the fastest-growing segment or region?
- In the value chain, what role do essential players play?
- What is the procedure for getting a free copy of the Graphite Electrode market sample report and company profiles?
Request Customized Copy of Graphite Electrode Market Report @ https://www.custommarketinsights.com/report/graphite-electrode-market/
Key Offerings:
- Market Share, Size & Forecast by Revenue | 2022−2030
- Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Leading Trends
- Market Segmentation – A detailed analysis by Types of Services, by End-User Services, and by Regions
- Competitive Landscape – Top Key Vendors and Other Prominent Vendors
Regional Overview
China dominates the market in terms of global graphite electrode consumption and production capacity. In China, there are currently more than 40 official makers of graphite electrodes, with 30 new entrants that produce both electrodes and other refractory products being noted in the last two to three years. When China started to invest substantially in higher steel production rates via electric arc furnaces in 2017, producers hurried to install capacity for graphite electrodes. The decision-making bodies in China have aggressively urged using EAF steelmaking technology to lower carbon emissions and achieve sustainability in the nation’s steel industry. As a result, 2,60,82,220 automobiles were produced in 2021.
The amount of steel produced in China using electric furnaces is less than the average worldwide. However, the proportion, driven by policy reasons, is anticipated to rise, enhancing the need for ultra-high-power graphite electrodes.
Therefore, it is anticipated that the reasons above will propel the expansion of the graphite electrodes market in China.
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Report Scope
| Feature of the Report | Details |
| Market Size in 2021 | USD 7 Billion |
| Projected Market Size in 2030 | USD 12.5 Billion |
| Market Size in 2022 | USD 7.6 billion |
| CAGR Growth Rate | 11% CAGR |
| Base Year | 2021 |
| Forecast Period | 2022-2030 |
| 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., and Others |
| Key Segment | By Electrode Grade, Applicatio, 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 fulfil your requirements for research. |
Key Players Insights
Our market analysis includes a section devoted to key players operating in the Graphite Electrode market. Our analysts overview each player’s financial statements, product benchmarking, and SWOT analysis. In addition, the competitive landscape section includes key development strategies, market share analysis, and market positioning analysis of globally mentioned competitors.
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Browse the full “Graphite Electrode Market Size, Trends and Insights By Electrode Grade (Ultra-High Power, High Power, Regular Power), By Application (Electric Arc Furnace, Ladle Furnace, Others), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2022–2030” Report at https://www.custommarketinsights.com/report/graphite-electrode-market/
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
Click Here to Get a Free Sample Report of the Global Graphite Electrode Market @ https://www.custommarketinsights.com/report/graphite-electrode-market/
The global Graphite Electrode market is segmented as follows:
By Electrode Grade
- Ultra-High Power
- High Power
- Regular Power
By Application
- Electric Arc Furnace
- Ladle Furnace
- Others
On the basis of Geography
North America
- The U.S.
- Canada
- Mexico
Europe
- France
- The UK
- Spain
- Germany
- Italy
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- 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
Click Here to Access a Free Sample Report of the Global Graphite Electrode Market @ https://www.custommarketinsights.com/report/graphite-electrode-market/
Key Insights from Primary Research/Key Insights & Findings from the report:
- As per the analysis shared by our primary respondents, the Graphite Electrode market is expected to grow annually at a CAGR of around 10.5 %.
- Through primary research, it was established that the Graphite Electrode market was valued at around USD 1.5 Billion in 2021.
- Based on type segmentation, gas chromatography (GC) and high-performance liquid chromatography (HPLC) were predicted to show maximum market share in the year 2021.
- The key factor driving the market is the legalization of cannabis use for recreational and medical purposes will be the primary force behind future market trends.
- The “North America” region will lead the global Graphite Electrode market during the forecast period 2022 to 2030.
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This Graphite Electrode Market Research/Analysis Report Contains Answers to the following Questions.
- Which Manufacturing Technology is used for Graphite Electrode? What Developments Are Going On in That Technology? Which Trends Are Causing These Developments?
- Who Are the Global Key Players in This Graphite Electrode Market? What are Their Company Profile, Their Product Information, and Contact Information?
- What Was the Global Market Status of the Graphite Electrode Market? What Was Capacity, Production Value, Cost and PROFIT of the Graphite Electrode Market?
- What Is the Current Market Status of the Graphite Electrode Industry? What's Market Competition in This Industry, Both Company and Country Wise? What's Market Analysis of Graphite Electrode Market by Taking Applications and Types in Consideration?
- What Are Projections of the Global Graphite Electrode Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What about imports and exports?
- What Is Graphite Electrode Market Chain Analysis by Upstream Raw Materials and Downstream Industry?
- What Is Economic Impact On Graphite Electrode Industry? What are Global Macroeconomic Environment Analysis Results? What Are Global Macroeconomic Environment Development Trends?
- What Are Market Dynamics of Graphite Electrode Market? What Are Challenges and Opportunities?
- What Should Be Entry Strategies, Countermeasures to Economic Impact, and Marketing Channels for Graphite Electrode Industry?
Reasons to Purchase Graphite Electrode Market Report
- Graphite Electrode Market Report provides qualitative and quantitative analysis of the market based on segmentation involving economic and non-economic factors.
- Graphite Electrode Market report outlines market value (USD) data for each segment and sub-segment.
- This report indicates the region and segment expected to witness the fastest growth and dominate the market.
- Graphite Electrode Market Analysis by geography highlights the consumption of the product/service in the region and indicates the factors affecting the market within each region.
- The competitive landscape incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled.
- Extensive company profiles comprising company overview, company insights, product benchmarking, and SWOT analysis for the major market players.
- The Industry's current and future market outlook concerning recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging and developed regions.
- Graphite Electrode Market Includes in-depth market analysis from various perspectives through Porter's five forces analysis and provides insight into the market through Value Chain.
Click Here to Access a Free Sample Report of the Global Graphite Electrode Market @ https://www.custommarketinsights.com/report/graphite-electrode-market/
Reasons for the Research Report
- The study provides a thorough overview of the global Graphite Electrode market. Compare your performance to that of the market as a whole.
- Aim to maintain competitiveness while innovations from established key players fuel market growth.
What does the report include?
- Drivers, restrictions, and opportunities are among the qualitative elements covered in the worldwide Graphite Electrode market analysis.
- The competitive environment of current and potential participants in the Graphite Electrode market is covered in the report, as well as those companies' strategic product development ambitions.
- According to the component, application, and industry vertical, this study analyzes the market qualitatively and quantitatively. Additionally, the report offers comparable data for the important regions.
- For each segment mentioned above, actual market sizes and forecasts have been given.
Who should buy this report?
- Participants and stakeholders worldwide Graphite Electrode market should find this report useful. The research will be useful to all market participants in the Graphite Electrode industry.
- Managers in the Graphite Electrode sector are interested in publishing up-to-date and projected data about the worldwide Graphite Electrode market.
- Governmental agencies, regulatory bodies, decision-makers, and organizations want to invest in Graphite Electrode products' market trends.
- Market insights are sought for by analysts, researchers, educators, strategy managers, and government organizations to develop plans.
Click Here to Access a Free Sample Report of the Global Graphite Electrode Market @ https://www.custommarketinsights.com/report/graphite-electrode-market/
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