Graphite Electrodes Market


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Global Graphite Electrodes Market  Forecast, Trends and Industry Analysis, 2016 - 2024

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Metallurgy segment garnered the highest share in the global market, owing to the growth of steel- oriented sectors 2 The growth of steel- oriented sectors such as construction, automotive, infrastructure, aerospace & defense, and many others has led to a surge in the consumption and production of steel. Now a days, manufacturers have opted for electric arc furnaces (EAF) for manufacturing steel, which requires graphite electrodes as a main component. Being a prerequisite of steel manufacturing process or smelting process via EAF route, the demand for graphite electrodes is linked to the demand for EAF.

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China Accounted For The Largest Market Share For Global Graphite Electrodes Market, Owing To The High Steel Production China held nearly 38% market share, in terms of production, of the global market. It is expected to continue its dominance during the forecast period as well. According to World Steel Association, China is the largest steel producer of the world, holding more than 40% of the production share. Moreover, it is among the top five car manufacturing countries in the world, leading to the growth of graphite electrode market in this region. However, the increasing concerns of Chinese government on environmental conditions is expected to have an impact on the market growth in this region. 3

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4 “Recently, the graphite electrode prices have risen sharply, impacting both the steel and aluminum industries. The surge in prices are due to supply side factors, rather than being driven by changes in the demand from the Chinese steel industry.”

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KEY FINDINGS OF GLOBAL GRAPHITE ELECTRODES MARKET, 2016-2024 5 The global graphite electrode market is witnessing a faster rising price trend of raw materials as compared to the finished good. Developed nations such as India and Middle East have the highest exposure to EAF route, which in turn is expected to offer humongous opportunities for the market growth in these region. Market players are focusing on mergers and acquisitions, in order to attain large share of the global market and become the market leader. North America led the global graphite electrodes market, in terms of consumption, by holding 30% of the total share.

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Key Market Players 6 SGL Group GrafTech Fangda Carbon Showa Denko K.K Jilin Carbon Tokai Carbon Nippon Carbon

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7 THANKS! For More Information on Graphite Electrodes Market

Summary: The global graphite electrodes market was valued at $5.04 billion in 2016, and is projected to reach $27.5 billion by 2022, growing at a CAGR of 28.4% from 2017 to 2024. In 2016, the ultra-high graphite electrode segment generated the highest revenue share in the global graphite electrodes market. Among major regions, China was the highest revenue generating market, holding nearly 25% of the market share, in 2016.

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