A
new research report by Transparency Market Research offers a
comprehensive evaluation of the global Graphite
Electrode
Market. The
study, titled “Graphite
Electrode Market - Global Industry Analysis, Size, Share, Growth,
Trends, and Forecast 2017 - 2025”,
is available for sale on the firm’s website.
A
graphite electrode is defined as an electrode that is employed to
offer high level of electrical conductivity and the capability to
sustain extremely high level of dissipated heat. Graphite electrodes
are primarily utilized in the manufacturing of electric arc furnace
(EAF) steel and refinement of steel, and the equivalent smelting
process. Moreover, they are employed in gouging operations and
rectifying defects in weldments (weldings) and castings by gas or arc
process. Graphite electrodes are extensively utilized in all
industrial domains. The graphite electrode market can be segmented
into type, applications, end-user industry, and geography.
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In
terms of type, the graphite electrode market can be segmented into
high power (HP) graphite electrode, ultra high power (UHP) graphite
electrode, and regular power (RP) graphite electrode. Additionally,
in terms of applications, the market can be segmented into scrap
requirement, burner/oxygen usage, fume control system, slag practice,
power level, meltdown/refine/tap-to tap time, furnace design,
charging practice, and water spray rings, among others. In terms of
geography, the market can be segmented into Asia Pacific (APAC),
Europe, North America, South America, and Middle East & Africa
(MEA).
Significant
developments in high growth sectors are opportunities that
manufacturers explore to start new ventures, and this contributes to
the expansion of the graphite electrode market. Continuous increase
in the demand for steel in infrastructure and construction is
anticipated to be a dominant factor contributing to the expansion of
the graphite electrode market. Expansion of end-user industries such
as steel and aerospace are likely to be key drivers for expansion of
this market.
Mechanical
machinery, automotive, and infrastructure and construction industries
are the primary consumers of steel. This, in turn, has been driving
the demand for steel for many years. The infrastructure and
construction sector, that holds a major share of world steel
consumption, is estimated to expand rapidly. Similarly, automotive
and mechanical machinery industries are anticipated to expand
considerably during the forecast period. This, in turn, is estimated
to lead to a regular increase in demand for steel in the near future,
thereby boosting the expansion of the graphite electrode market.
Several characteristics such as high-temperature resistance,
ultra-high bending resistance, coefficient of thermal expansion
(CTE), and low electrical resistivity are expected to drive the
expansion of the graphite electrode market significantly during the
forecast period. Vendors and manufacturers are investing in R&D
in order to develop new technological advancements such as cardiology
electrodes and dry electrodes, which are also key factors that are
contributing to the expansion of the market. Launching of these
modern technologies in emerging markets such as Brazil, India, and
China are acting as opportunities for key players of the graphite
electrode market. Other types of electrodes, such as carbon
electrodes, are acting as a threat and substitute for graphite
electrodes in the market. The usage of graphite electrode has
increased due to rigorous competition in the steel industry. This, in
turn, is propelling the demand for graphite electrodes in the market.
Asia
Pacific is the dominant market for graphite electrodes followed by
North America. APAC is a rapidly expanding market for graphite
electrode. North America is the second leading market in terms of
market share, and the U.S. and Canada are among the leading
contributors in the region. In Asia Pacific, Japan and China are the
leading contributors. Major expansion of the automotive industry is
driven by the markets in China, U.S., Brazil, India, and Japan.
The
global graphite electrode market is a fragmented market with many
established players. Major players in the market are Showa Denko
Carbon, GrafTech International, SGL Carbon, Graphite India, Nippon
Carbon, HEG, Kaifeng Carbon, Nantong Yangzi Carbon, Schutz Carbon
Electrodes, and Tokai Carbon.
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to view Sample Report:
The
report offers a comprehensive evaluation of the market. It does so
via in-depth qualitative insights, historical data, and verifiable
projections about market size. The projections featured in the report
have been derived using proven research methodologies and
assumptions. By doing so, the research report serves as a repository
of analysis and information for every facet of the market, including
but not limited to: Regional markets, technology, types, and
applications.
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