Graphite Electrodes Market By Type (Regular Power Graphite Electrode, High Power Graphite Electrode, Ultra-High Power Graphite Electrode) By Application (Metallurgy, Chemistry, National Defence) Estimation & Forecast, 2017 - 2024

November 2017

 Pages: 227

 ERC 9625

The global graphite electrode market is an oligopolistic market, with no new entrants functioning in the industry since recent past. The graphite electrode market is facing a declining growth trend due to the possession of core technology by only a handful of players. It is solely a technology sensitive and capital intensive market. The demand of graphite electrodes is majorly dependent on its application in manufacturing steel through smelting by using an electric arc furnace (EAF). Steel manufacturers are shifting towards electric arc furnace over the blast furnaces, owing to the advantages offered by EAF such as low cost of establishment, higher production flexibility, and low CO2 emissions.

Market Determinants

The global graphite electrodes market has witnessed notable growth in the recent years. The increase in steel- oriented activities such as construction and infrastructure is the key market determinant fueling the growth of global graphite electrode market. According to the data revealed by World Steel Association, 1630 million tonnes of crude steel was produced globally, in 2016. Moreover, the shifting trend of steel manufacturers towards manufacturing steel via electric arc furnace over the blast furnace is also a prime determinant driving the market growth. On the other hand, the rising price trend of raw materials required to manufacture graphite electrode and advent of carbon electrode as a substitute acts as the major hurdles in the growth of the market. However, increasing awareness among the people regarding branded products is expected to create huge opportunities for the growth of market in the coming years.

 

GLOBAL GRAPHITE ELECTRODE MARKET SIZE STATUS AND OUTLOOK (2012-2022)

global graphite electrode market size

 

 

Segment Analysis

The global graphite electrodes market is segmented on the basis of type, application, and geography. By type, the market is segmented into regular power graphite electrode, high power graphite electrode, and ultra-high power graphite electrode. On the basis of application, the market is segmented into metallurgy, chemistry, and national defence. Geography wise, the market is segmented into North America, Europe, China, Japan, South East Asia, India, South America, and Middle East. China was the largest producer of graphite electrodes, in 2016, by holding nearly 40% of the global production volume. It is expected to maintain its dominance and grow with the highest CAGR of 4.3% during the forecast period of 2017-2024. Moreover, the developing economies like India and Japan are also the major contributors in the market growth due to their high steel production.

 

GLOBAL GRAPHITE ELECTRODE MARKET PRICE TREND ($/tonne), 2012-2022

 GLOBAL GRAPHITE ELECTRODE MARKET PRICE TREND

 

Some prominent market players are SGL Group,GrafTech, Fangda Carbon, Showa Denko K.K, Jilin Carbon, Tokai Carbon, Nippon Carbon, Graphite India Limited (GIL), HEG Limited, Yangzi Carbon, and Kaifeng Co., Ltd. The market giants are adopting mergers & acquisitions and capacity upgrades as their growth strategies, in order to magnify their presence in the global market. In 2016, a Japan based market giant, Showa Denko acquired Germany based SGL Group at an estimated value of 350 million euros. The acquisition was strategized with an aim to expand business reach in the US, Japan, and Europe, along with the reduction in fixed costs and integration of supply chain. 

GRAPHITE ELECTRODES MARKET SEGMENTATION

By Type
   • Regular power graphite electrode
   • High power graphite electrode
   • Ultra-high power graphite electrode

By Application
   • Metallurgy
   • Chemistry
   • National Defence

By Geography
   • North America
   • China
   • South East Asia
   • Europe
   • India
   • Japan
   • South America
   • Middle East

KEY MARKET PLAYERS

   • SGL Group
   • GrafTech
   • Fangda Carbon
   • Showa Denko K.K
   • Jilin Carbon
   • Tokai Carbon
   • Nippon Carbon
   • Graphite India Limited (GIL)
   • HEG Limited
   • Yangzi Carbon
   • Kaifeng Co., Ltd

 GRAPHITE ELECTRODE

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    What Information does this report contain?

    • What was the market size of the Graphite Electrodes Market in 2012 and the expected market size by 2024, along with the growth rate?
    • An in-depth analysis of the current impacting factors, opportunities and challenges/restraints in the market
    • Which are the largest revenue generating products, services or regions and their comparative growth rate?
    • Which technology is in trend and how would it evolve during the forecast period (2012 - 2024)?
    • Which are the leading companies in the Graphite Electrodes Market and their competitive positioning basis their market share, product portfolio, strategic attempts and business focus?

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