Graphite Electrodes Global Strategic Business Report 2024, Featuring Profiles of 30+ Players Including GrafTech International, Graphite India and Tokai Carbon Co.

Dublin, March 28, 2024 (GLOBE NEWSWIRE) -- The "Graphite Electrodes - Global Strategic Business Report" report has been added to'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 & Steel Production Patterns Influence the Market Demand
  • Steel Scrap Availability: Another Major Influencing Factor
  • Graphite Electrode: Primary Input for Electric Arc Furnace Steel Making
  • EAFs Remain Primary Consumer of Graphite Electrodes
  • Increased Demand for High-Quality Steel
  • Prominent Role of Automotive Industry in Market Growth
  • Increasing Use of Graphite in Lithium-Ion Batteries
  • Supply Bottlenecks & Skyrocketing Prices of Graphite Electrodes
  • High Demand & Limited Inventory: Factors Behind Price Rally
  • Easing of Graphite Electrode Prices in Sight
  • Industry-Wide Applications of Carbon Products

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.

Key Attributes:

Report AttributeDetails
No. of Pages295
Forecast Period2023 - 2030
Estimated Market Value (USD) in 2023$12.3 Billion
Forecasted Market Value (USD) by 2030$18.2 Billion
Compound Annual Growth Rate5.8%
Regions CoveredGlobal

Key Topics Covered:




  • 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)



  • 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



  • 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


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Graphite Electrodes Market

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