Graphite electrodes are electric conductors that carry electric current across non-metallic solids, gases, liquids, vacuums and plasmas that are part of a circuit. Graphite possesses a high thermal conductivity and is resistant to heat & impact, has low electrical resistance which makes it conduct large electrical currents essential for melting iron. The main uses of graphite electrodes are mainly in ladle furnace & arc furnace for steel production and is also used in some non-steel elements.
Graphite electrodes Market: Key Players
The research study includes profiles of leading companies operating in the global graphite electrodes market. Key players profiled in the report include: ENERGOPROM Group, Fangda Carbon New Material Technology Co. Ltd, GrafTech International, Graphite Limited, HEG Limited, Jilin Carbon Co. Ltd, Kaifeng Carbon Co. Ltd, Nantong Yangzi Carbon Co. Ltd, Nippon Carbon Co. Ltd, SANGRAF International Inc., SEC CARBON LIMITED, SHOWA DENKO KK and Tokai Carbon Co. Ltd.
Drivers for the Global Graphite electrodes Market:
Rising demand of graphite electrode for iron and steel melting, increasing availability of steel scrap, high usage of electric arc furnaces and domestic demand for non-ferrous alloys globally is owing to increase the disposable income and growth of the industry. Steel and iron industries are the major drivers of the market.
Opportunities for the Global Graphite electrodes Market:
Moreover, shift from conventional methods of steel production to the EAF method by manufacturers, increase in the production of motor vehicles, expansion of residential construction industries and increasing production of steel and its elements due to the increase industrial and domestic need globally. Hence these factors are going to provide opportunities in the future for the graphite electrode industry.
Restrains for the Global Graphite electrodes Market:
However, shutting of some induction arc furnaces & mini blast furnaces to decrease the supply of electrodes, limited growth of UHP graphite electrodes, various government regulations on high polluting industries conceived to manage environmental concerns and high costs of the electrodes. Hence these factors may hamper the growth of the market.
Region Wise, Global Graphite electrodes Market Analysis:
Asia-Pacific held major share in the market due to investment in new technology, general economic conditions, consumption & production capacity of graphite electrodes and increasing number of industries de the increase in economy. Besides North America and Europe held a large share in the market.
Global Graphite electrodes Market: Product analysis
- Ultra-High Power
- High Power & Regular Power
Global Graphite electrodes Market: Application analysis
- Steel and Nonferrous Metals
- Fused Materials
- Chemical Processing
Global Graphite electrodes Market: Region analysis
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of L.A.
- Middle East and Africa
- South Africa
- Rest of Middle East
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