Graphite Electrode Market is Expected to Register a Considerable Growth by 2024


January 6th,2021/Industry News Global/ — This new report from Stratview Research analyses the Graphite Electrode Market over the trend period from 2013 to 2018 and forecast period from 2019 to 2024. The insights of the report shall enable informed decision making and strategy formulation for the near future to capitalize on the opportunities.

Graphite Electrode Market Overview:

The global graphite electrode market is projected to grow at a healthy rate over the next five years to reach US$ 15.3 billion in 2024.

Key Players:

  • Showa Denko K.K.
  • GRAFTech International
  • Graphite India Limited (GIL)
  • HEG Ltd.
  • Tokai Carbon Co., Ltd.
  • Energoprom
  • Fangda Carbon New Material Co. Ltd.
  • Sangraf International
  • SEC Carbon, Limited
  • Nippon Carbon

The Graphite Electrode Market is segmented by–

  • By Product Type{Ultra-High Power (UHP), High Power (HP), and Regular Power (RP)}, By Application Type {Steel, Silicon Metal, and Aluminum}
  • ByRegion {North America, Europe, Asia-Pacific, and Rest of the World}.

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Regional analysis:

Asia-Pacific is expected to remain the largest market during the forecast period. China and India are the largest and second-largest steel producing countries through the EAF method globally. Furthermore, among the leading players, five players (Showa Denko K.K. (Japan), Fangda Carbon New Material Co. Ltd. (China), Tokai Carbon Co. Ltd. (Japan), Graphite India Limited (India), and HEG Ltd. (India) are based in Asia-Pacific.

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