Graphite Electrode Rod Market, By Type (Regular Power Graphite Electrodes, High Power Graphite Electrodes, and Ultra High Power Graphite Electrodes), By Application (Electric ARC Furnace Steel and Others), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Market Trends, Analysis, and Forecast till 2029

Report Code: PMI449620 | Publish Date: March 2024 | No. of Pages: 146

Global Graphite Electrode Rod Market Overview

Graphite electrode rod market accounted for US $7 billion in 2020 and is estimated to be US$ 15.2 billion by 2029 and is anticipated to register a CAGR of 9.0%.

Graphite electrodes are primarily used in an electric arc furnace. They are also used to refine steel in ladle furnaces and other smelting processes. Graphite electrodes are the heating element which is used in an electric arc furnace, a steelmaking process where scrap from old cars or appliances is melted to produce new steel. Electrodes are made of graphite as graphite can only withstand such intense heat. Also, graphite rods are machined from blocks of graphite for use in various industries and applications.

Impact of Covid-19 pandemic on market

With the outbreak of the COVID-19, various businesses are at the forefront to combat this pandemic. The pandemic has hindered the industrial supply chain and also disrupted the product segment. Government across the countries has imposed strict lockdown to limit the spread of disease. Graphite electrode rod market have a negative impact due to steel price rises and have shut down in the construction work because of pandemic. This report will quantify the impact of pandemic on graphite electrode rod market.

Global Graphite Electrode Rod Market Dynamics

Steel production through the electric arc furnace method has significantly increased in developed nations across Europe and the Americas owing to the high availability of scrap. Electric arc furnace method accounts for over 60% steel production in India, while in the Middle East, over 90% of steel is produced through an electric furnace. These factors have created sufficient demand for an electrode in these furnaces in the market. The steel industry is relying on the EAF technology and demands for made in china electrodes. In China, more than 353,900 MT of graphite electrodes has been consumed, which is expected to increase at a 3.10% rate of CAGR. Graphite electrodes have characteristics that include high electrical & heat conductivity, low content of impurity, good electrical properties, high mechanical strength and chemical stability.

Stringent regulations of government bodies

The strict environment regulations of carbon emissions, several coke production facilities across the China have shut down. With the introduction of the new environmental regulations in the China, most of the induction furnaces were replaced by the electric arc furnace, which consume graphite electrodes to melt steel scrape. The country has closed the capacity in the range of 100- 120million tons of induction Furness consisting of around 600 plants nationwide. The Chinese government identified some highly polluting industries and asked them to close down. The many graphite electrodes manufacturing capacity has been shut down in China due to the environment concern. However, rise in the price of raw material might be hampering the targeted market.

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Global Graphite Electrode Rod Market Segmentation

The graphite electrode rod market is segmented based on type, application and region

On the basis of type, the graphite electrode rod market is segmented into regular power graphite electrodes, high power graphite electrodes, and ultra-high power graphite electrodes. Based on application the targeted market segmented into electric arc furnace steel and others.

On region the graphite electrode rod market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia-Pacific region held the dominant position in the graphite electrodes market and is projected to continue its dominant position during the forecast period. The dominance in the market is mainly attributed to the expansion of the commercial & residential construction industry with rising production of motor vehicles boosting the demand for iron & steel and non-ferrous alloys positively fueling the growth of the graphite electrode in the coming year.

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Report Scope:

Attribute

Details

Base year for estimation

2020

Forecast period

2020 – 2029

Market representation

Revenue in USD Million & CAGR from 2020 – 2029

Market Segmentation

By Type- Regular Power Graphite Electrodes, High Power Graphite Electrodes, and Ultra High Power Graphite Electrodes

By Application- Electric ARC Furnace Steel and Others

Delivery Mode Regional scope

North America - U.S., Canada

Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe

Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific

Latin America - Brazil, Mexico, Argentina, Rest of Latin America

Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa

Report coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments Covered in the Report:

This report forecasts revenue growth at , regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2019 to 2029. For the purpose of this study, has segmented the global graphite electrode rod market report based on type, application, and region.

Graphite Electrode Rod Market, By Type:

  • Regular Power Graphite Electrodes
  • High Power Graphite Electrodes
  • Ultra-High Power Graphite Electrodes

Graphite Electrode Rod Market, By Application:

  • Electric ARC Furnace Steel
  • Others

Graphite Electrode Rod Market, By Region:

      • North America
          • U.S.
          • Canada
      • Europe
          • Germany
          • UK
          • France
          • Russia
          • Italy
          • Rest of Europe
      • Asia Pacific
          • China
          • India
          • Japan
          • South Korea
          • Rest of Asia Pacific
      • Latin America
          • Brazil
          • Mexico
          • Rest of Latin America
      • Middle East & Africa
          • GCC
          • Israel
          • South Africa
          • Rest of Middle East & Africa

Global Graphite Electrode Rod Market Key Players

The key players operating in the graphite electrode rod market includes Fangda Carbon, GrafTech, Graphite India Limited (GIL), HEG Limited, Jilin Carbon, Kaifeng Carbon Co., Ltd, Nippon Carbon, Showa Denko K.K, Tokai Carbon, and Yangzi Carbon. The market is especially characterized by collaborations and partnerships between the businesses and acquisitions of smaller players as a part of strategic expansion as well as launching their new product specimen. For instance, In September 2017, Tokai Carbon Co., Ltd. acquired SGL GE’s U.S. business to set up a manufacturing base in North America, thereby increasing the company's presence in a prominent region of the EAF market.

Global Graphite Electrode Rod Market Company Profile

  • Fangda Carbon
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • GrafTech
  • Graphite India Limited (GIL)
  • HEG Limited
  • Jilin Carbon
  • Kaifeng Carbon Co., Ltd
  • Nippon Carbon
  • Showa Denko K.K
  • Tokai Carbon
  • Yangzi Carbon

Global Graphite Electrode Rod Market Table of Contents

Research Objective and Assumption

  • Preface
  • Research Objectives
  • Study Scope
  • Years Considered for the study
  • Assumptions
  • Abbreviations

Research Methodology

  • Research data
  • Primary Data
    • Primary Interviews
    • Primary Breakdown
    • Key data from Primary Sources
    • Key Thickness Insights
  • Secondary Data
    • Major Secondary Sources
    • Secondary Sources
  • Market Estimation
  • Top-Down Approach
    • Approach for estimating Market Share by Top-Down Analysis (Supply Side)
  • Bottom-Up Approach
    • Approach for estimating market share by Bottom-up Analysis (Demand Side)
  • Market Breakdown and Data Triangulation
  • Research Assumptions

Market Preview

  • Executive Summary
  • Key Findings—Global Outlook for medical carts Strategies
    • Key Questions this Study will Answer
    • Market Snippet, By Type
    • Market Snippet, By Application
    • Market Snippet, By Region
  • Opportunity Map Analysis
  • Executive Summary—3 Big Predictions

Market Dynamics, Regulations, and Trends Analysis

  • Market Dynamics
    • Drivers
    • Restrains
    • Market Opportunities
    • Market Trends
  • DR Impact Analysis
  • PEST Analysis
  • Porter’s Five Forces Analysis
  • Opportunity Orbit
  • Market Investment Feasibility Index
  • Macroeconomic Factor Analysis

Market Segmentation, By Type, Forecast Period up to 10 Years, (US$ Bn)

  • Overview
    • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
    • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
    • Segment Trends
  • Regular Power Graphite Electrode
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • High Power Graphite Electrodes
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Ultra High Power Graphite Electrodes
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years

Market Segmentation, By Application, Forecast Period up to 10 Years, (US$ Bn)

  • Overview
    • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
    • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
    • Segment Trends
  • Electric ARC Furnace Steel
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Others
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years

Global Market, By Region, Forecast Period up to 10 Years, (US$ Bn)

  • Overview
    • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
    • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
    • Regional Trends
  • North America
    • Market Size and Forecast (US$ Bn), By Type, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Application, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
      • U.S.
      • Canada
  • Europe
    • Market Size and Forecast (US$ Bn), By Type, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Application, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
      • UK
      • France
      • Germany
      • Russia
      • Italy
      • Rest of Europe
  • Asia Pacific
    • Market Size and Forecast (US$ Bn), By Type, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Application, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
      • India
      • Japan
      • South Korea
      • China
      • Rest of Asia Pacific
  • Latin America
    • Market Size and Forecast (US$ Bn), By Type, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Application, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
  • Brazil
  • Mexico
  • Rest of Latin America
  • Middle East & Africa
    • Market Size and Forecast (US$ Bn), By Type, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Application, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
  • GCC
  • Israel
  • South Africa
  • Rest of Middle East

Competitive Landscape

  • Heat Map Analysis
  • Market Presence and Specificity Analysis

Company Profiles

  • Fangda Carbon
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • GrafTech
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Graphite India Limited (GIL)
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • HEG Limited
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Jilin Carbon
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Kaifeng Carbon Co., Ltd
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Nippon Carbon
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Showa
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Denko K.K
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Tokai Carbon
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies

The Last Word

  • Future Impact
  • About Us
  • Contact