Graphite Electrode Market | Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)
The Graphite Electrode Market was valued at USD 8,791.65 million in 2021 and is projected to register a CAGR of 4.6%, in terms of revenue, during the forecast period (2022-2027).
Due to the COVID-19 pandemic, the graphite electrode market was affected negatively in 2020. However, with the resumption of operations in major end-user industries, the market has recovered significantly in 2021.
Key HighlightsThe global graphite electrode market is partially consolidated, with the top five players accounting for approximately 37% of the total market, in terms of production capacity, in 2021. Some of the key players in the graphite electrode market include SHOWA DENKO K.K., GrafTech International, Fangda Carbon New Material Co. Ltd., ZHONGZE GROUP, and Dan Carbon, among others.
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