Graphite electrode market is anticipated to grow at a considerable CAGR of 6.4% during the forecast period. The increasing rate of high-speed trains in countries such as China, India, Japan has resulted in the construction of special railroads, which has resulted in increased carbon steel consumption, boosting crude steel demand over the forecast period. Moreover, the automotive industry is expanding in ASEAN countries such as Malaysia, Thailand, Indonesia, and Vietnam, driving up crude steel demand. Advanced High Strength Steel (AHSS) is now being used in nearly every new vehicle as it enables flexible and creative designs with properties, such as ultra-high strength and better bending capacity. Therefore, the high demand for graphite electrodes from countries including China and Japan is attributed to the steep rise in crude steel production. According to the World Steel Association, in 2018, China and Japan produced 928.3 and 104.3 million tonnes of crude steel respectively.

Rising acquisitions, product approval, collaborations among the major players in the market also propel the growth of the market. For instance, in April 2020, Tokai Carbon and its subsidiary Tokai Cobex announced to acquire Carbone Savoie International SAS, a French carbon and graphite manufacturer, for US$183 million. Through this acquisition, Tokai Carbon will be able to grow their smelting and lining business and fine carbon business. Additionally, along with improving profitability, the company can also diversify its broader portfolio with Carbone Savoie’s complementary offering. 

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Market Coverage

The market number available for – 2023-2031
Base year- 2023
Forecast period- 2024-2031

Segment Covered- 

By Electrode Grade
By Application

Regions Covered

North America
Europe
Asia-Pacific
Rest of the World

Competitive Landscape- Fangda Carbon New Material Technology Co. Ltd, GrafTech International, Graphite India Limited, Jilin Carbon Co. Ltd, and Showa Denko K.K.

Graphite Electrode Market Report by Segment

By Electrode Grade

Ultra-High Power (UHP)
High Power (SHP)
Regular Power (RP)

By Application 

Electric Arc Furnace
Basic Oxygen Furnace
Non-steel Application

A full Report of Graphite Electrode Market is Available @   https://www.omrglobal.com/industry-reports/graphite-electrode-market

 Graphite Electrode Market Report by Region

North America

United States
Canada

Europe

UK
Germany
Spain
France
Italy
Rest of Europe

Asia-Pacific

India
China
Japan
South Korea
Rest of APAC

Rest of the World

Latin America 
Middle East & Africa

Company Profiles 

EPM Group
Fangda Carbon New Material Technology Co. Ltd
GrafTech International
Graphite India Limited
HEG Limited
HEG Ltd
Jilin Carbon Co. Ltd
Kaifeng Pingmei New Carbon Material Technology Co. Ltd
Misano Group
Nantong Yangzi Carbon Co. Ltd
Nippon Carbon Co. Ltd
Sangraf International Inc.
Sec Carbon Limited
Schutz Carbon Electrodes Pvt Ltd
SGL Carbon SE
Showa Denko K.K.
Tokai Carbon Co. Ltd
Weaver Industries Inc

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