Graphite Electrode Market Size, Growth, Trends | Industry Analysis Report, 2020-2025

A recent report on Graphite Electrode Market provides a detailed analysis on the industry size, revenue forecasts and geographical landscape pertaining to this business space. Additionally, the report highlights primary obstacles and latest growth trends accepted by key players that form a part of the competitive spectrum of this business.

Global Graphite Electrode Market is valued at USD 9.13 Billion in 2018 and expected to reach USD 16.48 Billion by 2025 with the CAGR of 8.78% over the forecast period

Get Sample of This Report@ https://brandessenceresearch.com/requestSample/PostId/160

Increasing demand of engineering and construction materials with surge in the production of steel and iron as well as rise in industrialization with modern infrastructures are some important factors driving the growth of Global Graphite Electrode Market.

Graphite electrode is the heating element used in the electric arc furnace for manufacturing of steel from scrap, old cars and other appliances. The electrode provides heat to this scrap for melting to produce new steel. Electric arc furnaces are widely used in the steel and aluminums production industry as it is cheaper to build. The graphite electrodes can be assembled into columns as they are a part of the electric furnace lid. When the electricity is supplied that passes through these graphite electrodes, forming an arc of intense heat that melts the scrap steel. Electrodes are available in different sizes depending upon the requirement of heat and size of electric furnace. For production of 1 tonne of steel, approximately 3 kg of graphite electrode is required. While manufacturing of the steel, the temperature of electrode tip reaches to around 3000 degree Celsius as graphite has capacity to withstand such high temperature. Needle and petroleum coke are the major raw materials used for making graphite electrodes which takes up to six months to manufacture followed by certain processes including baking and rebaking to convert the coke into graphite. Graphite electrodes are easier and faster to manufacture than copper electrodes as it does not require additional process like manual grinding.

In terms of market share size, few of the major players currently dominate the market are,

GrafTech U.S., Fangda Carbon China, SGL Carbon Germany, Showa Denko Japan, Graphite India, HEG India, Tokai Carbon Japan, Nippon Carbon Japan, SEC Carbon Japan

Graphite Electrodes Market Growing demand for steel in construction, oil & gas, and automotive industries is expected to fuel the graphite electrode market, more than 50% of the steel produced globally was used in the building & infrastructure industry.  This report includes drivers, restrains, opportunities which help the market to grow over the analysis period and recent trends which supports the growth of market. This report provides details analysis of regional segmentation with type and application.

Global graphite electrodes market report covers prominent players like GrafTech U.S., Fangda Carbon China, SGL Carbon Germany, Showa Denko Japan, Graphite India, HEG India, Tokai Carbon Japan, Nippon Carbon Japan, SEC Carbon Japan and Others. GrafTech U.S., Fangda Carbon China and Graphite India collectively accounts 454,000 tones production Capacity.

Graphite electrodes are one of a kind of conductor and an essential component in the steelmaking process. In this process, iron scrap gets melted in an electric arc furnace and recycled. It is the graphite electrodes inside the furnace that actually melt the iron. Graphite shows high thermal conductivity and is very resistant to heat and impact. It possesses the low electrical resistance, means it can conduct the large electrical currents needed to melt iron. Graphite electrodes are mainly used in electric arc furnace (EAF) and ladle furnace (LF) for steel production, ferroalloy, silicon metal Graphite electrodes are used in electric arc furnace (EAF) and ladle furnace (LF) for steel production, ferroalloy production, silicon metal production and smelting processes

Global Graphite Electrode Market Dynamics–

Increasing demand of engineering and construction materials with surge in the production of steels and iron as well as rise in industrialization with modern infrastructures are the major factors driving the growth of the market. According to the World Green Building trend, green and sustainable building and construction is expected to grow at 22.8% annually between 2012 and 2017. In addition to this rise in the spending on construction of huge infrastructure will boost the growth of global graphite electrode market. According to the recent research by oxford economics, project and infrastructure spending was USD 4 trillion in 2012 and is expected to reach to more than USD 9 trillion by 2025. These massive projects will surge the demand for the steels and aluminum based materials which directly enhance the graphite electrode for manufacturing of construction materials. In addition to this, the major factor driving the growth of graphite electrode is rapidly increasing digitalization with advanced technology.

Graphite Electrodes Market Segmentation

By Type- Regular Power (RP), High Power (HP), Ultra-high Power (UHP)

By Application- Steel and Nonferrous Metals, Fused Materials, Inverted, Chemical Processing

Global Graphite electrode Market Regional Analysis–

The Asia Pacific is expected to dominate the global graphite electrode market due to the rapidly increasing infrastructure investment on account of surge in population and presence of huge number of manufacturing companies mainly in China, Japan and India. According to the World Bank Group in Asia Pacific, China is the largest manufacturer of electrode graphite. China has become a leading global investor for the construction and engineering, which has made investment particularly in Latin America, Europe and the United States. This rapid international expansion has made top of Fortune Global 500 rankings for Chinese companies. According to China State Construction Engineering (CSCEC) in 2017, China invested in building new infrastructure for the growth of its country with an estimated investment made USD 158 billion, as the third largest investor in the world after the United States, with USD 342 billion, and Japan, with USD 160 billion.

Full Research Report @ https://brandessenceresearch.com/chemical-materials/graphite-electrodes-market

About us: Brandessence Market Research and Consulting Pvt. Ltd.

Brandessence market research publishes market research reports & business insights produced by highly qualified and experienced industry analysts. Our research reports are available in a wide range of industry verticals including aviation, food & beverage, healthcare, ICT, Construction, Chemicals, and lot more. Brand Essence Market Research report will be best fit for senior executives, business development managers, marketing managers, consultants, CEOs, CIOs, COOs, and Directors, governments, agencies, organizations, and Ph.D. Students. We have a delivery center in Pune, India and our sales office is in London.

Contact us at: +44-2038074155 or mail us at sales@brandessenceresearch.com

Blogs: https://topdisruptivebusiness.com/

Website: https://brandessenceresearch.com/

Blogs: https://brandessenceresearch.biz/

Blogs: https://industrywatchnews.com/

Comments are closed