Global Graphite Electrode Market 2024-2028
The graphite electrode market is forecasted to grow by USD 1.23 bn during 2023-2028, accelerating at a CAGR of 3.94% during the forecast period. The report on the graphite electrode market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increased demand for high-quality steel, growing demand for graphite electrodes in APAC, and growing demand for aluminum from end-users.
Technavio's graphite electrode market is segmented as below:
By Product
- UHP graphite electrode
- HP graphite electrode
- RP graphite electrode
By Application
- Ferrous metals
- Non-ferrous metals
By Geographical Landscape
- APAC
- Europe
- North America
- South America
- Middle East and Africa
This study identifies the growing preference for eaf as one of the prime reasons driving the graphite electrode market growth during the next few years. Also, increasing demand for uhp graphite electrodes and advances in graphite electrodes will lead to sizable demand in the market.
The report on the graphite electrode market covers the following areas:
- Graphite electrode market sizing
- Graphite electrode market forecast
- Graphite electrode market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading graphite electrode market vendors that include Agilent Technologies Inc., AMERI SOURCE SPECIALITY PRODUCTS, Brothers International Industry, China BaoWu Steel Group Corp. Ltd., CIMM Group, Dan Carbon, EDM TEC oHG, El 6, Fangda Carbon New Materials Technology Co. Ltd., GrafTech International Ltd., Graphite India Ltd., HEG Ltd., Kaifeng Pingmei New Carbon Material Technology Co. Ltd., Nippon Carbon Co. Ltd., Oriental Carbon and Chemicals Ltd., Resonac Holdings Corp., Sangraf International, SEC CARBON LTD., Tokai Carbon Co. Ltd., Weaver Industries Inc., and ZHENGZHOU RONGSHENG REFRACTORY CO. LTD.. Also, the graphite electrode market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.