Graphite Electrode Market Forecasts to 2028 – Global Analysis By Electrode Grade (Regular Power, High Power, Ultra High Power, Super High Power), Raw Material (Pitch Coke, Petroleum Coke, Needle Coke, Coal Pitch) and By Geography

According to Stratistics MRC, the Global Graphite Electrode Market is accounted for $4,431.49 million in 2020 and is expected to reach $8,511.14 million by 2028 growing at a CAGR of 8.5% during the forecast period. Factors such as rising demand from steel-oriented sectors and increasing requirement of anti-corrosive products are driving the growth of the market. However, high price of raw materials is hampering the growth of the market.

Graphite electrodes are large cylindrical structures made up of petroleum needle coke and coal tar pitch. They conduct electrical energy from the power source and convert it into heat which is used to melt scrap metal.

Based on the electrode grade, the ultra high power (UHP) segment is anticipated to expand at a rapid pace during the forecast period due to its higher thermal and electrical conductivity and the ability to swiftly melt scrap to manufacture steel. By geography, Asia Pacific is going to have high growth during the forecast period which can be attributed to the increasing industrialization in the countries like China and India.

Some of the key players profiled in the Graphite Electrode Market include Nippon Carbon Co. Ltd, Graphite India Limited, EPM Group, SEC Carbon Limited, GrafTech International, Fangda Carbon New Material Technology Co. Ltd, SANGRAF International Inc., Tokai Carbon Co. Ltd, Kaifeng Pingmei New Carbon Material Technology Co. Ltd, Jilin Carbon Co. Ltd, HEG Limited, SHOWA DENKO K.K., and Nantong Yangzi Carbon Co. Ltd. 

Electrode Grades Covered:
• Regular Power (RP)
• High Power (HP)
• Ultra High Power (UHP)
• Super High Power (SHP) 

Raw Materials Covered:
• Pitch Coke
• Petroleum Coke
• Needle Coke
• Coal Pitch    

Applications Covered:
• Electric Arc Furnace (Ore Smelting Electric Arc Furnace)
• Basic Oxygen Furnace
• Ladle Furnace
• Resistance Furnace
• Aluminum Production
• Silicon Metal
• Steel and Nonferrous Metals
• Charging Practice
• Burner/Oxygen Usage
• Slag Practice
• Fume Control System
• Fused Materials
• Chemical Processing 

Sales Channels Covered:
• Direct Channel
• Distribution Channel

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan       
o China       
o India       
o Australia 
o New Zealand
o South Korea
o Rest of Asia Pacific   
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2019, 2020, 2021, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances