Global Graphite Electrodes Market Growth 2025-2031

Global Graphite Electrodes Market Growth 2025-2031

The global Graphite Electrodes market size is predicted to grow from US$ 6228 million in 2025 to US$ 7714 million in 2031; it is expected to grow at a CAGR of 3.6% from 2025 to 2031.

Graphite electrode are used mainly in electric arc furnace steel production. They are presently the only products available that have both high levels of electrical conductivity and the capability of sustaining the extreme heat generated in this demanding environment.

Global graphite electrode key players include GrafTech International, Showa Denko K.K, Tokai Carbon, Fangda Carbon New Material, Graphite India Limited (GIL), etc. Global top 2 manufacturers hold a share about 35%. Asia-Pacific is the largest market, with a share about 48%, followed by Europe and North America. In terms of product, ultra high power (UHP) graphite electrodes is the largest segment, with a share over 77%. And in terms of application, the largest application is electric arc furnace steel.

LP Information, Inc. (LPI) ' newest research report, the “Graphite Electrodes Industry Forecast” looks at past sales and reviews total world Graphite Electrodes sales in 2024, providing a comprehensive analysis by region and market sector of projected Graphite Electrodes sales for 2025 through 2031. With Graphite Electrodes sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Graphite Electrodes industry.

This Insight Report provides a comprehensive analysis of the global Graphite Electrodes landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Graphite Electrodes portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Graphite Electrodes market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Graphite Electrodes and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Graphite Electrodes.

This report presents a comprehensive overview, market shares, and growth opportunities of Graphite Electrodes market by product type, application, key manufacturers and key regions and countries.

Segmentation by Type:
Regular Power Graphite Electrodes
High Power Graphite Electrodes
Ultra High Power (UHP) Graphite Electrodes

Segmentation by Application:
Electric Arc Furnace Steel
Other (Phosphorus, Silicon, etc.)

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
Showa Denko K.K
Fangda Carbon New Material
GrafTech International
Graphite India Limited (GIL)
HEG Limited
Tokai Carbon
SEC Carbon, Ltd
Energoprom Group
Jilin Carbon
Kaifeng Carbon
Nantong Yangzi Carbon

Key Questions Addressed in this Report

What is the 10-year outlook for the global Graphite Electrodes market?

What factors are driving Graphite Electrodes market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Graphite Electrodes market opportunities vary by end market size?

How does Graphite Electrodes break out by Type, by Application?

Please note: The report will take approximately 2 business days to prepare and deliver.