Graphite Electrode Market Size

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Graphite Electrode Market Share, Size, Trend, Analysis, Industry
Outlook and Forecast to 2024 | Hexa Research
“The global Graphite Electrode Market size was
valued at USD 3.83 billion in 2016 and is anticipated
to grow on account of increasing steel production
through electric arc furnace (EAF) route in developed
as well as developing nations”
The global Graphite Electrode Market is expected to reach USD 5.68 billion by 2024 and is expected to grow
on account of its increasing use for production of steel. Asia Pacific emerged as the fastest growing market
and is projected to continue dominating as a result of the presence of robust steel manufacturers. The usage
of graphite electrode has increased due to rigorous competition in the steel industry.
Rapid steel production and increasing spending on infrastructure in developing economies across the globe
are expected to boost the demand for high-grade steel that is manufactured using electric arc furnaces (EAF).
Adoption of advanced technology for steel production with the purpose of saving time and energy is
expected to augment the demand for graphite electrodes.
The demand for electric arc furnace is expected to grow significantly as it offers several advantages such as
production flexibility and low CO2 emission. It also saves raw material and energy due to its efficiency. The
segment is likely to grow at a 4.1% CAGR over the projected period.
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Graphite electrodes offer excellent thermal resistance and high current carrying capacity which makes them a
suitable choice in electric arc furnaces (EAF) steel, refinement of steel and similar smelting processes. Besides
EAF and LF, graphite electrodes are also used for electrolytic aluminum smelting and electrical discharge
machining (EDM). The development of these non-steel applications is also anticipated to provide an
opportunity for market growth over the forecast period.
Ultra-high power graphite electrode is expected to grow at the highest volume CAGR of 4.1% over the
forecast period. Despite the high price of the product, the demand for these products is anticipated to be
high in line with the rising demand for superior steel quality in various niche applications within the
aerospace, automotive and electronics sectors.
A specially prepared flux pitch used in graphite electrodes helps to increase the durability and density of the
final product. Ultra-high bending resistance, low electrical resistivity, and high-temperature resistance
properties will increase the demand for UHP graphite electrode over the forecast period. In compliance with
the driving factors, companies are focusing on mergers & acquisitions and capacity upgrades to expand their
presence in global market. For instance, in January 2014, Kaifeng Carbon Co., Ltd.’s completed its Phase II
expansion and can produce 50,000 tons of UHP graphite electrodes.
Hexa Research has segmented the global graphite electrode market based on product, application and
region:
Segmentation by Product, 2014 - 2024 (Kilo Tons) (USD Million)
• Ultra-high power (UHP)
• High power (HP)
• Regular power (RP)
Segmentation by Application, 2014 - 2024 (Kilo Tons) (USD Million)
• Electric Arc Furnace (EAF)
• Ladle Furnace (LF) & Others
Segmentation by Region, 2014 - 2024 (Kilo Tons) (USD Million)
• North America
• Mexico
• Europe
• France
• Asia Pacific
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• China
• Japan
• India
• Central & South America
• Middle East & Africa
Key players analyzed
• Graphite India Limited
• Beijing Great Wall Co., Ltd.
• Nippon Carbon Co Ltd
• GrafTech International
• Ameri-Source Specialty Products
• Tokai Carbon Co., Ltd
• HEG Limited
• KAIFENG CARBON CO., LTD
• Schutzcarbon.com
• NANTONG YANGZI CARBON CO., LTD
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Table of Content of Graphite Electrode Market
Chapter 1. Market Summary
1.1.
Market trends & movement
Chapter 2. Graphite Electrode Market Trends: Drivers & Opportunities
2.1. Introduction
2.2. Key industry trends
2.3. Market drivers
2.4. Market restraints
2.5. Value chain analysis
2.6. Porter's Five Forces analysis
2.7. SWOT
Chapter 3. Graphite Electrode Market Trends, By Type
3.1. Global graphite electrode market movement, by product, 2016 & 2024
3.1.1. Ultra-high power (UHP)
3.1.1.1. Market estimates and forecast, 2014 - 2024
3.1.2. High power (HP)
3.1.2.1. Market estimates and forecast, 2014 - 2024
3.1.3. Regular power (RP)
3.1.3.1. Market estimates and forecast, 2014 - 2024
Chapter 4. Graphite Electrode Market Trends, By Application
4.1. Global graphite electrode market movement, by product, 2016 & 2024
4.1.1. Electric Arc Furnace (EAF)
4.1.1.1. Market estimates and forecast, 2014 - 2024
4.1.2. Ladle Furnace (LF) & Others
4.1.2.1. Market estimates and forecast, 2014 - 2024
Chapter 5. Graphite Electrode Market Trends, By Region
5.1. Global graphite electrode market movement, by region, 2016 & 2024
5.1.1. North America
5.1.1.1. Market estimates and forecast, 2014 - 2024
5.1.1.2. Market estimates and forecast, by product, 2014 - 2024
5.1.1.3. Market estimates and forecast, by application, 2014 - 2024
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5.1.2. Europe
5.1.2.1. Market estimates and forecast, 2014 - 2024
5.1.2.2. Market estimates and forecast, by product, 2014 - 2024
5.1.2.3. Market estimates and forecast, by application, 2014 - 2024
5.1.3. Asia Pacific
5.1.3.1. Market estimates and forecast, 2014 - 2024
5.1.3.2. Market estimates and forecast, by product, 2014 - 2024
5.1.3.3. Market estimates and forecast, by application, 2014 - 2024
5.1.4. Central & South America
5.1.4.1. Market estimates and forecast, 2014 - 2024
5.1.4.2. Market estimates and forecast, by product, 2014 - 2024
5.1.4.3. Market estimates and forecast, by application, 2014 - 2024
5.1.5. Middle East & Africa
5.1.5.1. Market estimates and forecast, 2014 - 2024
5.1.5.2. Market estimates and forecast, by product, 2014 - 2024
5.1.5.3. Market estimates and forecast, by application, 2014 – 2024
Chapter 6. Key Country Markets
6.1. Mexico
6.1.1. Market estimates and forecast, 2014 - 2024
6.1.2. Market estimates and forecast, by product, 2014 - 2024
6.1.3. Market estimates and forecast, by application, 2014 - 2024
6.2. France
6.2.1. Market estimates and forecast, 2014 - 2024
6.2.2. Market estimates and forecast, by product, 2014 - 2024
6.2.3. Market estimates and forecast, by application, 2014 - 2024
6.3. China
6.3.1. Market estimates and forecast, 2014 - 2024
6.3.2. Market estimates and forecast, by product, 2014 - 2024
6.3.3. Market estimates and forecast, by application, 2014 - 2024
6.4. Japan
6.4.1. Market estimates and forecast, 2014 - 2024
6.4.2. Market estimates and forecast, by product, 2014 - 2024
6.4.3. Market estimates and forecast, by application, 2014 - 2024
6.5. India
6.5.1. Market estimates and forecast, 2014 - 2024
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6.5.2. Market estimates and forecast, by product, 2014 - 2024
6.5.3. Market estimates and forecast, by application, 2014 – 2024
Chapter 7. Competitive Landscape
7.1. Competitive landscape analysis, 2016
7.2. Strategic framework
7.3. Potential customer base concentration
7.4. Company market positioning
7.5. Company profiles
7.5.1. Graphite India Limited
7.5.1.1. Company Overview
7.5.1.2. Product Benchmarking
7.5.1.3. Financial Performance
7.5.2. Beijing Great Wall Co., Ltd.
7.5.2.1. Company Overview
7.5.2.2. Product Benchmarking
7.5.3. Nippon Carbon Co Ltd.
7.5.3.1. Company Overview
7.5.3.2. Product Benchmarking
7.5.3.3. Financial Performance
7.5.4. GrafTech International
7.5.4.1. Company Overview
7.5.4.2. Product Benchmarking
7.5.4.3. Financial Performance
7.5.5. Ameri-Source Specialty Products
7.5.5.1. Company Overview
7.5.5.2. Product Benchmarking
7.5.6. Tokai Carbon Co., Ltd
7.5.6.1. Company Overview
7.5.6.2. Product Benchmarking
7.5.6.3. Financial Performance
7.5.6.4. Recent Initiatives
7.5.7. HEG Limited
7.5.7.1. Company Overview
7.5.7.2. Product Benchmarking
7.5.7.3. Financial Performance
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7.5.8. KAIFENG CARBON CO., LTD
7.5.8.1. Company Overview
7.5.8.2. Product Benchmarking
7.5.8.3. Recent Initiatives
7.5.9. Schutzcarbon.com
7.5.9.1. Company Overview
7.5.9.2. Product Benchmarking
7.5.10. NANTONG YANGZI CARBON CO., LTD
7.5.10.1. Company Overview
7.5.10.2. Product Benchmarking
7.5.11. List of other vendors
Chapter 8. Methodology and Scope
8.1. Research methodology
8.2. Research Scope & Assumptions
8.3. List of data sources
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The global graphite electrode market size was valued at USD 3.83 billion in 2016 and is anticipated to grow on account of increasing steel production through electric arc furnace (EAF) route in developed as well as developing nations

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