Global Graphite Electrode Rod Market size was valued at USD 4.10 Billion in 2023 and is projected to reach USD 5.14 Billion by 2032, growing at a CAGR of 2.59% from 2023 to 2032.
The basic materials petroleum coke and needle coke, along with coal pitch as a binder, are used to make graphite electrode rod. The process continues with kneading, pressing, roasting, graphitization, and machining once the components have been calcined. Last but not least, it is released in the steelmaking process of the electric arc furnace as an electric energy conductor to heat the melting furnace. Graphite is used to make electrodes because no other material can endure such high heat. An electric arc furnace is where graphite electrodes are most frequently employed. They are also employed in smelting procedures like the refinement of steel in ladle furnaces, which involves melting scrap from old automobiles or appliances to create new steel.
When the state of the world economy improves, so does demand for electrodes. The market for Graphite Electrode Rod is expected to expand over the foreseen period due to the qualities of graphite electrodes, which include high electrical and heat conductivity, low impurity concentration, good electrical properties, high mechanical strength, and chemical stability. The use of graphite electrodes in gouge operations, such as the production of a slope or groove, the removal of casting flaws, or welding by arc or gas process, also contributes to the market’s expansion.
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The Graphite Electrode Rod market report is a perfect foundation for people looking out for a comprehensive study and analysis of the Graphite Electrode Rod market. On the basis of historic growth analysis and current scenario of Graphite Electrode Rod market place, the report intends to offer actionable insights on global market growth projections. Authenticated data presented in report is based on findings of extensive primary and secondary research. Insights drawn from data serve as excellent tools that facilitate deeper understanding of multiple aspects of global Graphite Electrode Rod market. This further helps user with their developmental strategy.
This report examines all the key factors influencing growth of global Graphite Electrode Rod market, including demand-supply scenario, pricing structure, profit margins, production and value chain analysis. Regional assessment of global Graphite Electrode Rod market unlocks a plethora of untapped opportunities in regional and domestic market places. Detailed company profiling enables users to evaluate company shares analysis, emerging product lines, scope of NPD in new markets, pricing strategies, innovation possibilities and much more.
Major Players
- Graphite India Limited (GIL)
- Tokai Carbon
- Kaifeng Carbon Co., Ltd
- Showa Denko K.K
- Nippon Carbon
- Jilin Carbon
- Fangda Carbon
- GrafTech
- HEG Limited
- Yangzi Carbon
- SEC
Types:
- Regular Power (RP) Graphite Electrodes
- High Power (HP) Graphite Electrodes
- Ultra High Power (UHP) Graphite Electrodes
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Applications:
- Battery Industry
- Smelt
- Manufacturing
- Chemical Industry
- National Defense Industry
- Others
Regional Analysis:
All the regional segmentation has been studied based on recent and future trends, and the market is forecasted throughout the prediction period. The countries covered in the regional analysis of the Global Graphite Electrode Rod market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.
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Key Points:
- Define, describe and forecast Graphite Electrode Rod product market by type, application, end user and region.
- Provide enterprise external environment analysis and PEST analysis.
- Provide strategies for company to deal with the impact of COVID-19.
- Provide market dynamic analysis, including market driving factors, market development constraints.
- Provide market entry strategy analysis for new players or players who are ready to enter the market, including market segment definition, client analysis, distribution model, product messaging and positioning, and price strategy analysis.
- Keep up with international market trends and provide analysis of the impact of the COVID-19 epidemic on major regions of the world.
- Analyze the market opportunities of stakeholders and provide market leaders with details of the competitive landscape.
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