07 Dec 2020
Graphite electrodes are large cylindrical size mainly made up from needle coke. Graphite electrodes are mainly used for steel manufacturing process in electric arc furnaces (EAF). The use of graphite electrodes is not limited to steel manufacturing process but is also widely used in steel refining and smelting processes.
"Global Graphite Electrode Market is valued at USD 9.13 Billion in 2018 and expected to reach USD 16.48 Billion by 2025 with the CAGR of 8.78% over the forecast period"
Graphite Electrodes Market Growing demand for steel in construction, oil & gas, and automotive industries is expected to fuel the graphite electrode market, more than 50% of the steel produced globally was used in the building & infrastructure industry. This report includes drivers, restrains, opportunities which help the market to grow over the analysis period and recent trends which supports the growth of market. This report provides details analysis of regional segmentation with type and application.
Graphite electrodes are one of a kind of conductor and an essential component in the steelmaking process. In this process, iron scrap gets melted in an electric arc furnace and recycled. It is the graphite electrodes inside the furnace that actually melt the iron. Graphite shows high thermal conductivity and is very resistant to heat and impact. It possesses the low electrical resistance, means it can conduct the large electrical currents needed to melt iron. Graphite electrodes are mainly used in electric arc furnace (EAF) and ladle furnace (LF) for steel production, ferroalloy, silicon metal Graphite electrodes are used in electric arc furnace (EAF) and ladle furnace (LF) for steel production, ferroalloy production, silicon metal production and smelting processes
Asia-pacific is Expected to continue its dominance for the graphite electrodes market
Asia-pacific is accounting more than 70% of market share due to huge contribution from China and India for the consumption and production of graphite electrodes. The Asia Pacific is estimated to expand at a rapid pace due to increase in EAF-based steel production. China has major contribution due to its Ministry of Industry and Information Technology; Ministry is a promoting and encouraging for capacity expansions for electric arc furnaces due to reduce environmental impact on country.
China’s growing long-term scrap availability along with EAF production outlook is fueling the growth for graphite electrodes market.
Brandessence Market Research has announced the Top 5 Graphite Electrodes Companies In 2021.
GrafTech International established in 1886 and headquartered in Brooklyn Heights, Ohio. Specialties in Graphite Electrodes and Needle Coke. GrafTech International has 1,387 employee and revenue of $1 Billion.
SGL Carbon established in 1992 and headquartered in Wiesbaden, Hessen. Specialties in Carbon fibers and composites, Lightweight solutions for automotive, wind energy and aerospace applications, Graphite specialties technologies, Solar, LED, and Semiconductor, Development partner for innovative carbon and graphite-based products and solutions. SGL Carbon has 5035 Employees and have revenue of $1 Billion.
Showa Denko America established in 1930 and headquartered in New York, New York. Specialties in Chemicals, Petrochemicals, Inorganics, Aluminum, Electronics, and Advanced Battery Materials. Showa Denko America has 10603 and have revenue of $ 9 billion.
Nippon Kornmeyer Carbon Group
Nippon Kornmeyer Carbon Group established in 1968 and headquartered in Windhagen, Rheinland-Pfalz. Specialties in High temperature & furnace construction, industrial heat treatment, raw & container glass, metal casting, quartz glass production & processing, optical fibers, polysilicon, semiconductor technology, photovoltaics, technical ceramics, and development & consulting. Nippon Kornmeyer Carbon Group has 614 employees and have revenue of $ 435 Million.
Jilin Carbon Co., Ltd
Jilin Carbon is a mining & metals company established in 1952 and headquartered in JILIN, JLN Specialties in Carbon products Marketing. Jilin Carbon has revenue of $1 Million.
Key Benefits for Global Graphite Electrodes Market Reports –
Global market report covers in depth historical and forecast analysis.
Global market research report provides detail information about Market Introduction, Market Summary, Global market Revenue (Revenue USD), Market Drivers, Market Restraints, Market opportunities, Competitive Analysis, Regional and Country Level.
Global market report helps to identify opportunities in market place.
Global market report covers extensive analysis of emerging trends and competitive landscape.