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Graphite Electrode Market by Type (UHP graphite electrode, HP graphite electrode, RP graphite electrode) by Distribution Channel (Electric Arc Furnace, Ladle Furnace, Non-Steel Application, Others): Global Industry Size, Share, Statistics and Forecast 2016 – 2028

Summary
Table Of Content

Market Insights

Graphite electrodes are massive cylindrical structures composed of either petroleum-based needle coke or coal-based needle coke, and they are used to conduct electricity. Electricity passes through these graphite electrodes to melt scrap metal to form an intense arc of heat. The usage of graphite electrodes in electric arc furnaces and melting furnaces in steel production, silicon plants, and other manufacturing facilities is widespread.

The Global Graphite Electrode market is expected to provide a cumulative growth equal to USD 48 billion between 2022 and 2028. The global Graphite Electrode market has shown rapid recovery from a sharp decline in 2020 and bounced back with almost 20% growth in 2021. As a result, the revenue garnered by the global Graphite Electrode industry in 2021 stood at USD 5,159.10 million, which is likely to cross the USD 8,250 million mark by the end of 2028.

Interesting Facts about Graphite Electrode Industry

The global average cost of graphite electrodes ranges between USD 3.5 to USD 5
Essential raw materials used in the manufacturing of graphite electrodes include petroleum needle coke, coal tar pitch, and some additives.
Production of graphite electrodes in 2021 reached over 1,100 kilo tons
Average graphite electrode consumption per ton of liquid steel is around 4.5 kg.
China dominates the production as well as consumption of graphite electrodes.

The Covid-19 pandemic heavily impacted the graphite electrode market. The sharp declines in international trade due to government lockdowns and regulations negatively affected the growth of this market. The pandemic also affected the global steel industry significantly, which in turn caused the graphite electrode industry to slow down. With the Covid-19 pandemic finally ending, this market is expected to get back on track and rise over the forecasted time period.

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Steady and Strong Growth of the Steel Industry

Electric Arc Furnace, Ladle Furnace, Non-Steel Application, and Others are some of the major application industries for graphite electrodes. In addition, there is a steady increase in the demand for graphite electrodes in sectors like automotive, construction, infrastructure, and many other steel-based industries. All these industries will be a significant driving force behind the graphite electrode market.

Graphite can withstand very high temperatures, which is why it has been the growing material of choice in many steel-making processes. It can withstand temperatures as high as 3,000°F, making it the go-to choice in electric arc furnaces. Graphite electrodes are a vital element in the electric arc furnace (EAF) based steel-making process. With the world moving towards environmentally friendly technology in their industries, EAFs in steel production are expected to rise over the forecasted time.

Growing Refractory Manufacturing Industry

Another major driving factor of this industry is the growing refractory manufacturing industry. Graphite is used extensively in many ways in the refractory industry, such as in producing magnesia-carbon refractory bricks. Graphite also makes molds and ladles for holding and handling molten metals.

Mounting Demand for Ultra-High Power Graphite Electrodes

There is also an increase in the requirement of Ultra-High Power graphite electrodes in industries globally, which will fuel this market further. Ultra-High Power graphite electrodes have very high thermal capacities and, also, very high electric conductivity and are used to melt scraps quickly to construct steel. Steelmakers favor Ultra-High Power graphite electrodes for their manufacturing which will drive this market further over the forecasted years. UHP graphite electrode, H.P. graphite electrode, and R.P. graphite electrode are key types of graphite electrodes.

Frequent Fluctuations in Prices of Raw Materials

The biggest restraining factor of the graphite electrode market is the fluctuating and increasing prices of materials used to manufacture graphic electrodes. For example, since just 2017, the price of needle coke has jumped higher almost five times. These fluctuating prices make manufacturers hesitant to make huge investments in the industry, which may slow down the market over the forecasted years.

The second most significant factor that might hamper the growth of this market is the high initial capital needed for installing these components. In addition, the cost of maintaining and running these graphic electrodes is also very high, which may also play a factor in this industry.

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Graphite Electrode Market is Highly Concentrated

Nippon Carbon Co. Ltd., Graphite India Limited, Tokai Carbon Co. Ltd., Jilin Carbon Co. Ltd, SHOWA DENKO K.K., Agilent Technologies Inc., Ameri-Source Specialty Products, Brothers International Ltd., EPM Group, Fangda Carbon New Material Technology Co. Ltd, GrafTech International, HEG Ltd., and Weaver Industries Inc. are some of the most prominent players in the global Graphite Electrode market. Almost half of the market share is occupied by the top seven players. China dominates the production of graphite electrodes. China is the largest consumer as well. Japan, India, and South Korea are some of the major economies in the global graphite electrodes market. Backed by strong demand from UK, Germany, and France, Europe holds the second position. At the same time, North America is sitting in the third position in terms of volume consumption.

1.Preface
1.1.Report Description
1.1.1.Purpose of the Report
1.1.2.Target Audience
1.1.3.USP and Key Offerings
1.2.Research Scope
1.3.Research Methodology
1.3.1.Phase I – Secondary Research
1.3.2.Phase II – Primary Research
1.3.3.Phase III – Expert Panel Review
1.3.4.Approach Adopted
1.3.4.1.Top-Down Approach
1.3.4.2.Bottom-Up Approach
1.3.5.Assumptions
1.4.Market Segmentation

2.Executive Summary
2.1.Market Snapshot: Global Graphite Electrode Market

3.Market Dynamics & Factors Analysis
3.1.Introduction
3.1.1. Global Graphite Electrode Market Value, 2016-2028, (US$ Bn)
3.2.Market Dynamics
3.2.1.Key Growth Trends
3.2.2.Major Industry Challenges
3.2.3.Key Growth Pockets
3.3.Attractive Investment Proposition,2021
3.3.1.Type
3.3.2.Application
3.3.3.End-user
3.3.4.Geography
3.4.Porter’s Five Forces Analysis
3.4.1.Threat of New Entrants
3.4.2.Bargaining Power of Buyers/Consumers
3.4.3.Bargaining Power of Suppliers
3.4.4.Threat of Substitute Types
3.4.5.Intensity of Competitive Rivalry
3.5.Value Chain Analysis

4.Market Positioning of Key Players, 2021
4.1.Company market share of key players, 2021
4.2.Top 6 Players
4.3.Top 3 Players
4.4.Major Strategies Adopted by Key Players

5.COVID 19 Impact Analysis
5.1.Global Graphite Electrode Market Pre Vs Post COVID 19, 2019 – 2028
5.2.Impact on Import & Export
5.3.Impact on Demand & Supply

6.North America
6.1.North America Graphite Electrode Market, by Country, 2016-2028(US$ Bn)
6.1.1.U.S.
6.1.2.Canada
6.1.3.Mexico
6.2.North America Graphite Electrode Market, by End-user, 2016-2028(US$ Bn)
6.2.1.Overview
6.2.2.UHP graphite electrode
6.2.3.HP graphite electrode
6.2.4.RP graphite electrode
6.3.North America Graphite Electrode Market, by Application, 2016-2028(US$ Bn)
6.3.1.Overview
6.3.2.Electric Arc Furnace
6.3.3.Non-Steel Application
6.3.4.Ladle Furnace
6.3.5.Others

7.Europe
7.1.Europe Graphite Electrode Market, by Country, 2016-2028(US$ Bn)
7.1.1.UK
7.1.2.France
7.1.3.Germany
7.1.4.Italy
7.1.5.Russia
7.1.6.Spain
7.1.7.Belgium
7.1.8.Netherland
7.1.9.Austria
7.1.10.Sweden
7.1.11.Poland
7.1.12.Denmark
7.1.13.Switzerland
7.1.14.Rest of Europe
7.2.Europe Graphite Electrode Market, by End-user, 2016-2028(US$ Bn)
7.2.1.Overview
7.2.2.UHP graphite electrode
7.2.3.HP graphite electrode
7.2.4.RP graphite electrode
7.3.Europe Graphite Electrode Market, by Application, 2016-2028(US$ Bn)
7.3.1.Overview
7.3.2.Electric Arc Furnace
7.3.3.Non-Steel Application
7.3.4.Ladle Furnace
7.3.5.Others

8.Asia Pacific
8.1.Asia Pacific Graphite Electrode Market, by Country, 2016-2028(US$ Bn)
8.1.1.China
8.1.2.Japan
8.1.3.South Korea
8.1.4.India
8.1.5.Australia
8.1.6.New Zealand
8.1.7.Taiwan
8.1.8.Southeast Asia
8.1.9.Central Asia
8.1.10.Rest of Asia Pacific
8.2.Asia Pacific Graphite Electrode Market, by End-user, 2016-2028(US$ Bn)
8.2.1.Overview
8.2.2.UHP graphite electrode
8.2.3.HP graphite electrode
8.2.4.RP graphite electrode
8.3.Asia Pacific Graphite Electrode Market, by Application, 2016-2028(US$ Bn)
8.3.1.Overview
8.3.2.Electric Arc Furnace
8.3.3.Non-Steel Application
8.3.4.Ladle Furnace
8.3.5.Others

9.Latin America
9.1.Latin America Graphite Electrode Market, by Country, 2016-2028(US$ Bn)
9.1.1.Brazil
9.1.2.Argentina
9.1.3.Peru
9.1.4.Chile
9.1.5.Colombia
9.1.6.Rest of Latin America
9.2.Latin America Graphite Electrode Market, by End-user, 2016-2028(US$ Bn)
9.2.1.Overview
9.2.2.UHP graphite electrode
9.2.3.HP graphite electrode
9.2.4.RP graphite electrode
9.3.Latin America Graphite Electrode Market, by Application, 2016-2028(US$ Bn)
9.3.1.Overview
9.3.2.Electric Arc Furnace
9.3.3.Non-Steel Application
9.3.4.Ladle Furnace
9.3.5.Others

10.Middle East
10.1.Middle East Graphite Electrode Market, by Country, 2016-2028(US$ Bn)
10.1.1.UAE
10.1.2.KSA
10.1.3.Israel
10.1.4.Turkey
10.1.5.Iran
10.1.6.Rest of Middle East
10.2.Middle East Graphite Electrode Market, by End-user, 2016-2028(US$ Bn)
10.2.1.Overview
10.2.2.UHP graphite electrode
10.2.3.HP graphite electrode
10.2.4.RP graphite electrode
10.3.Middle East Graphite Electrode Market, by Application, 2016-2028(US$ Bn)
10.3.1.Overview
10.3.2.Electric Arc Furnace
10.3.3.Non-Steel Application
10.3.4.Ladle Furnace
10.3.5.Others

11.Africa
11.1.Africa Graphite Electrode Market, by Country, 2016-2028(US$ Bn)
11.1.1.South Africa
11.1.2.Egypt
11.1.3.Nigeria
11.1.4.Rest of Africa
11.2.Africa Graphite Electrode Market, by End-user, 2016-2028(US$ Bn)
11.2.1.Overview
11.2.2.UHP graphite electrode
11.2.3.HP graphite electrode
11.2.4.RP graphite electrode
11.3.Africa Graphite Electrode Market, by Application, 2016-2028(US$ Bn)
11.3.1.Overview
11.3.2.Electric Arc Furnace
11.3.3.Non-Steel Application
11.3.4.Ladle Furnace
11.3.5.Others

12.Global
12.1.Global Graphite Electrode Market, by Type, 2016-2028(US$ Bn)
12.1.1.Overview
12.1.2.UHP graphite electrode
12.1.3.HP graphite electrode
12.1.4.RP graphite electrode
12.2.Global Graphite Electrode Market, by Application, 2016-2028(US$ Bn)
12.2.1.Overview
12.2.2.Electric Arc Furnace
12.2.3.Non-Steel Application
12.2.4.Ladle Furnace
12.2.5.Others

13.Company Profiles
13.1.Nippon Carbon Co. Ltd.
13.2.Graphite India Limited
13.3.Tokai Carbon Co. Ltd.
13.4.Jilin Carbon Co. Ltd
13.5.SHOWA DENKO K.K
13.6.Agilent Technologies Inc.
13.7.Ameri-Source Specialty Products
13.8.Brothers International Ltd.
13.9.EPM Group
13.10.Fangda Carbon New Material Technology Co. Ltd
13.11.GrafTech International
13.12.HEG Ltd.
13.13.Weaver Industries Inc.
13.14.Others

List of Figures

FIG. 1Global Graphite Electrode Market: Research Methodology
FIG. 2Market Size Estimation – Top Down & Bottom up Approach
FIG. 3Global Graphite Electrode Market Segmentation
FIG. 4Global Graphite Electrode Market, by Type, 2019 (US$ Bn)
FIG. 5Global Graphite Electrode Market, by Application, 2021 (US$ Bn)
FIG. 6Global Graphite Electrode Market, by Geography, 2021 (US$ Bn)
FIG. 7Attractive Investment Proposition, by Geography, 2021
FIG. 8Global Market Positioning of Key Graphite Electrode Market Manufacturers, 2019
FIG. 9Global Graphite Electrode Market Value Contribution, By End-user, 2021 & 2028 (Value %)
FIG. 10Global Graphite Electrode Market, by UHP graphite electrode, Value, 2016-2028 (US$ Bn)
FIG. 11Global Graphite Electrode Market, by HP graphite electrode, Value, 2016-2028 (US$ Bn)
FIG. 12Global Graphite Electrode Market, by RP graphite electrode, Value, 2016-2028 (US$ Bn)
FIG. 13Global Graphite Electrode Market Value Contribution, By Application, 2021 & 2028 (Value %)
FIG. 14Global Graphite Electrode Market, by Ladle Furnace, Value, 2016-2028 (US$ Bn)
FIG. 15Global Graphite Electrode Market, by Electric Arc Furnace, Value, 2016-2028 (US$ Bn)
FIG. 16Global Graphite Electrode Market, by Non-Steel Application, Value, 2016-2028 (US$ Bn)
FIG. 17U.S. Graphite Electrode Market, 2016-2028 (US$ Bn)
FIG. 18Rest of North America Graphite Electrode Market, 2016-2028 (US$ Bn)
FIG. 19U.K. Graphite Electrode Market, 2016-2028 (US$ Bn)
FIG. 20Germany Graphite Electrode Market, 2016-2028 (US$ Bn)
FIG. 21France Graphite Electrode Market, 2016-2028 (US$ Bn)
FIG. 22Italy Graphite Electrode Market, 2016-2028 (US$ Bn)
FIG. 23Spain Graphite Electrode Market, 2016-2028 (US$ Bn)
FIG. 24Russia Graphite Electrode Market, 2016-2028 (US$ Bn)
FIG. 25BENELUX Graphite Electrode Market, 2016-2028 (US$ Bn)
FIG. 26Poland Graphite Electrode Market, 2016-2028 (US$ Bn)
FIG. 27Austria Graphite Electrode Market, 2016-2028 (US$ Bn)
FIG. 28Rest of Europe Graphite Electrode Market, 2016-2028 (US$ Bn)
FIG. 29Japan Graphite Electrode Market, 2016-2028 (US$ Bn)
FIG. 30China Graphite Electrode Market, 2016-2028 (US$ Bn)
FIG. 31India Graphite Electrode Market, 2016-2028 (US$ Bn)
FIG. 32South Korea Graphite Electrode Market, 2016-2028 (US$ Bn)
FIG. 33Australia Graphite Electrode Market, 2016-2028 (US$ Bn)
FIG. 34Southeast Asia Graphite Electrode Market, 2016-2028 (US$ Bn)
FIG. 35Rest of Asia Pacific Graphite Electrode Market, 2016-2028 (US$ Bn)
FIG. 36Middle East & Africa Graphite Electrode Market, 2016-2028 (US$ Bn)
FIG. 37South Africa Graphite Electrode Market, 2016-2028 (US$ Bn)
FIG. 38Nigeria Graphite Electrode Market, 2016-2028 (US$ Bn)
FIG. 39Egypt Graphite Electrode Market, 2016-2028 (US$ Bn)
FIG. 40GCC Graphite Electrode Market, 2016-2028 (US$ Bn)
FIG. 41Israel Graphite Electrode Market, 2016-2028 (US$ Bn)
FIG. 42Latin America Graphite Electrode Market, 2016-2028 (US$ Bn)
FIG. 43Mechanicalzil Graphite Electrode Market, 2016-2028 (US$ Bn)
FIG. 44Argentina Graphite Electrode Market, 2016-2028 (US$ Bn)
FIG. 45Colombia Graphite Electrode Market, 2016-2028 (US$ Bn)
FIG. 46Peru Graphite Electrode Market, 2016-2028 (US$ Bn)
FIG. 47Chile Graphite Electrode Market, 2016-2028 (US$ Bn)

List of Tables

TABLE 1Market Snapshot: Global Beauty Devices (Graphite Electrode) Market
TABLE 2Global Graphite Electrode Market, by Type, 2016-2028 (US$ Bn)
TABLE 3Global Graphite Electrode Market, by Application, 2016-2028 (US$ Bn)
TABLE 4Global Graphite Electrode Market, by Geography, 2016-2028 (US$ Bn)
TABLE 5North America Graphite Electrode Market, by Type, 2016-2028 (US$ Bn)
TABLE 6North America Graphite Electrode Market, by Application, 2016-2028 (US$ Bn)
TABLE 7North America Graphite Electrode Market, by Country, 2016-2028 (US$ Bn)
TABLE 8Europe Graphite Electrode Market, by Type, 2016-2028 (US$ Bn)
TABLE 9Europe Graphite Electrode Market, by Application, 2016-2028 (US$ Bn)
TABLE 10Europe Graphite Electrode Market, by Country/Region, 2016-2028 (US$ Bn)
TABLE 11Asia Pacific Graphite Electrode Market, by Type, 2016-2028 (US$ Bn)
TABLE 12Asia Pacific Graphite Electrode Market, by Application, 2016-2028 (US$ Bn)
TABLE 13Asia Pacific Graphite Electrode Market, by Country/Region, 2016-2028 (US$ Bn)
TABLE 14Latin America Graphite Electrode Market, by Type, 2016-2028 (US$ Bn)
TABLE 15Latin America Graphite Electrode Market, by Application, 2016-2028 (US$ Bn)
TABLE 16Latin America Graphite Electrode Market, by Country/Region, 2016-2028 (US$ Bn)
TABLE 17Middle East Graphite Electrode Market, by Type, 2016-2028 (US$ Bn)
TABLE 18Middle East Graphite Electrode Market, by Application, 2016-2028 (US$ Bn)
TABLE 19Middle East Graphite Electrode Market, by Country/Region, 2016-2028 (US$ Bn)
TABLE 20Africa Graphite Electrode Market, by Type, 2016-2028 (US$ Bn)
TABLE 21Africa Graphite Electrode Market, by Application, 2016-2028 (US$ Bn)
TABLE 22Africa Graphite Electrode Market, by Country/Region, 2016-2028 (US$ Bn)

Frequently Asked Questions:

How COVID 19 Impacted Graphite Electrode Market?

Likewise other industries, COVID 19 also taken a toll on Graphite Electrode market with around 17.56% decline in its revenue in 2020 as compare to 2019

Which is the leading regional market for Graphite Electrode?

Asia Pacific is the largest regional market with highest share in the total volume of Graphite Electrode consumed in 2021

What is the major growth driving factors for global Graphite Electrode market?

Strong and consistent demand from steel industry coupled with growing refractory manufacturing industry across the world

Which is major segment in Graphite Electrode market by End-user?

UHP graphite electrode’s segment dominated the Graphite Electrode market in 2021 with over 40% share

Which is major segment in Graphite Electrode market by application?

Electric Arc Furnace was the largest application of Graphite Electrode in 2021 with over 45% share

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