The graphite electrode market is expected to grow at a CAGR of 2% during the forecast period. Increased demand for high-quality steel, Growing demand for graphite electrodes in APAC, and Increased use of graphite electrode due to its excellent properties are some of the significant factors fueling graphite electrode market growth.
Increased demand for high-quality steel
Market definition
Graphite electrode is used in industrial applications to offer good electrical conductivity and to sustain a high level of dissipated heat. It is majorly used in the manufacturing of electric arc furnace (EAF) steel and steel refinement and to make non-ferrous metals through the smelting process.
Based on product, the global graphite electrode market has been segmented into UHP graphite electrode, HP graphite electrode, and RP graphite electrode.
Based on geography, the market is segmented into APAC, Europe, North America, South America, and MEA.
Objectives
To provide actionable intelligence alongside the market size of various segments
To detail the major factors influencing the market (drivers, opportunities, industry-specific challenges, and other critical issues)
To determine the geographical breakdown of the market in terms of detailed analysis and impact
To analyze business dimensions with an eye on individual growth trends and the contribution of upcoming market segments
To track the competitive landscape of the market
Notes and caveats
Market size has been derived based on demand.
Market forecast does not take inflation into consideration.
For readability, all figures have been rounded off as necessary. However, due to rounding off, the numbers presented throughout this report may not add up precisely to the totals provided.
Vendors in the market include companies that offer graphite electrodes. Key vendors are selected based on their geographic presence and solution portfolios in the market.
