Global Graphite Electrode Market Growth, Share, Size, Trends and Forecast (2024 - 2030)
Segmented by Electrode Grade;
Ultra High Power (UHP) and High Power (SHP) & Regular Power (RP).Segmented by Application;
Electric Arc Furnace, Ladle Furnace and Non-steel Application.Segmented by Geography;
North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2020 - 2030).Introduction
Global Graphite Electrode Market (USD Million), 2020 - 2030
# | Global |
---|---|
2020 | 92.2 |
2021 | 100.7 |
2022 | 105.4 |
2023 | 125.0 |
2024 | 125.4 |
2025 | 127.1 |
2026 | 127.6 |
2027 | 143.3 |
2028 | 163.0 |
2029 | 192.9 |
2030 | 225.9 |
In the year 2023, the Global Graphite Electrode Market was valued at USD 8,237.41 million. The size of this market is expected to increase to USD 12,800.82 million by the year 2030, while growing at a Compounded Annual Growth Rate (CAGR) of 6.5%.
Global Graphite Electrode Market Report Snapshot
Parameters | Description |
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Market | Global Graphite Electrode Market |
Study Period | 2020 - 2030 |
Base Year (for Graphite Electrode Market Size Estimates) | 2023 |
Study Scope |
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Market Segmentation |
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Geographical Coverage |
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Company Coverage |
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Premium Insights |
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Market Analysis
This report extensively covers different segments of Global Graphite Electrode Market and provides an in depth analysis (including revenue analysis for both historic and forecast periods) for all the market segments. In this report, the analysis for every market segment is substantiated with relevant data points and, insights that are generated from analysis of these data points (data trends and patterns). Graphite electrodes are large cylindrical structures composed of petroleum needle coke and coal tar pitch that are primarily used in electric arc furnaces. It is used in ladle furnaces and other smelting processes to refine steel. It has a high level of electrical conductivity and can withstand extremely high levels of generated heat. Rising steel demand and increased use of graphite in the production of lithium-ion batteries are the major factors driving the growth of the Graphite Electrodes market. Because of the growing demand for anti-corrosive products for oil and petroleum wells and pipelines, the oil and gas industry has increased its use of electric arc furnaces (EAF).
Global Graphite Electrode Market Analysis
In this report, the Global Graphite Electrode Market has been segmented by Electrode Grade, Application and Geography.
Global Graphite Electrode Market, Segmentation by Electrode Grade
The Global Graphite Electrode Market has been segmented by Electrode Grade into Ultra High Power (UHP) and High Power (SHP) & Regular Power (RP). The complete Global Graphite Electrode Market segmentation by Electrode Grade can be seen below:
- Global Graphite Electrode Market, By Electrode Grade
- Ultra High Power (UHP)
- High Power (SHP) & Regular Power (RP)
This report provides market size in USD Million and Year on Year (YOY) growth analysis for all the Electrode Grades mentioned above for historic (2020 - 2023) and forecast (2024 - 2030) periods with 2023 considered as the base year.
The report also provides an analysis of why the market size of the various segments by Electrode Grade is increasing or decreasing with time along with the reasons for changes in the YOY growth with time.
Global Graphite Electrode Market, by Electrode Grade (USD Million), 2020 - 2030
# | Ultra High Power (UHP) | High Power (SHP) & Regular Power (RP) |
---|---|---|
2020 | 76.7 | 105.2 |
2021 | 86.3 | 123.6 |
2022 | 96.1 | 140.1 |
2023 | 101.7 | 161.3 |
2024 | 120.0 | 180.8 |
2025 | 120.1 | 189.4 |
2026 | 129.2 | 199.9 |
2027 | 142.0 | 236.9 |
2028 | 153.9 | 283.6 |
2029 | 159.8 | 338.5 |
2030 | 165.5 | 395.5 |
Global Graphite Electrode Market, Segmentation by Application
The Global Graphite Electrode Market has been segmented by Application into Electric Arc Furnace, Ladle Furnace and Non-steel Application. The complete Global Graphite Electrode Market segmentation by Application can be seen below:
- Global Graphite Electrode Market, By Application
- Electric Arc Furnace
- Ladle Furnace
- Non-steel Application
This report provides market size in USD Million and Year on Year (YOY) growth analysis for all the Applications mentioned above for historic (2020 - 2023) and forecast (2024 - 2030) periods with 2023 considered as the base year.
The report also provides an analysis of why the market size of the various segments by Application is increasing or decreasing with time along with the reasons for changes in the YOY growth with time.
Global Graphite Electrode Market, by Application (USD Million), 2020 - 2030
# | Electric Arc Furnace | Ladle Furnace | Non-steel Application |
---|---|---|---|
2020 | 93.8 | 61.9 | 66.7 |
2021 | 110.6 | 69.1 | 78.3 |
2022 | 132.3 | 69.3 | 87.8 |
2023 | 143.9 | 78.8 | 98.6 |
2024 | 169.3 | 86.5 | 103.7 |
2025 | 199.2 | 93.0 | 119.6 |
2026 | 224.8 | 108.3 | 142.7 |
2027 | 268.2 | 117.6 | 154.7 |
2028 | 285.9 | 129.6 | 167.6 |
2029 | 322.1 | 143.8 | 182.0 |
2030 | 334.7 | 166.5 | 213.7 |
Global Graphite Electrode Market, Segmentation by Geography
In this report, the Global Graphite Electrode Market has been segmented by Geography into five regions; North America, Europe, Asia Pacific, Middle East and Africa and Latin America.
Global Graphite Electrode Market Share (%), by Geographical Region, 2023
North America | Europe | Asia Pacific | Middle East & Africa | Latin America |
---|---|---|---|---|
20 | 10 | 15 | 5 | 50 |
Find below the list of Countries covered in each of the aforementioned geographical regions:
North America - United States, Canada and Mexico
Latin America - Brazil, Argentina and Rest of Latin America
Europe - Germany, United Kingdom, France, Italy, Spain and Rest of Europe
Asia Pacific - Japan, China, India, Australia & New Zealand, South Korea, ASEAN (Association of South East Asian Nations) and Rest of Asia Pacific
Middle East & Africa - GCC Countries, Egypt, Israel, South Africa, Rest of Middle East & Africa
This report provides market size in USD Million and Year on Year (YOY) percentage growth analysis for the Graphite Electrode Market in all the Regions and Countries (specified above) for historic (2020 - 2023) and forecast (2024 - 2030) Periods with 2023 considered as the base year.
This report also provides an analysis of why the market size of Graphite Electrode in various regions and countries is increasing or decreasing with time along with the reasons for changes in the YOY growth with time.
Market Dynamics
This report provides an in depth analysis of various factors that impact the dynamics of Global Graphite Electrode Market. These factors include; Market Drivers, Restraints and Opportunities Analysis, Market Opportunity Mapping, PEST (Political, Economic, Social and Technological) Analysis and Porter's Five Forces Analysis.
Drivers, Restraints and Opportunity Analysis
- The growth of the Global Graphite Electrode Market is driven by; Strong Growth in Iron and Steel Production in Emerging Countries and Rising Availability of Steel Scrap in China.
- While the growth of Global Graphite Electrode Market is currently hindered by; Soaring Prices of Needle Coke and Other Restraints.
- The new opportunities in Global Graphite Electrode Market will be discussed in detail in the full report.
- Strong Growth in Iron and Steel Production in Emerging Countries.
- Rising Availability of Steel Scrap in China.
- Soaring Prices of Needle Coke, Resulting in Supply Tightness, among Other Crisis.
- Other Restraints.
- Global Graphite Electrode Market Opportunities will be discussed in detail in the full report.
Market Opportunity Map
This report provides market opportunity map for Graphite Electrode Market. The opportunity map (by market segments; Electrode Grade and Application) is calculated based on current year market estimates, CAGR and collective revenue over the forecast period. Since, CAGR has been estimated considering all the factors impacting the market; starting from the company's presence, buyer behaviour, to government interference or support. The opportunity map inherently considers all the aforementioned factors impacting the market. The bubble size reflects the estimated opportunity for a particular segment or region, therefore, bigger the bubble size, larger the opportunity.
Global Graphite Electrode Market, Opportunity Map, By Region (2020 - 2030)
North America | Europe | Asia Pacific | Middle East & Africa | Latin America |
---|---|---|---|---|
20 | 10 | 15 | 5 | 50 |
PEST (Political, Economic, Social and Technological) Analysis
This report provides PEST analysis of Graphite Electrode Market. Various factors such as government interference in the market such as regulations (which include but are not limited to pricing and intellectual property policies) that might impact the market are analysed.
This report also provides an analysis of Economic factors affecting the market such as; purchasing power, which directly influences the market growth.
This report also provides an analysis of social factors such as social norms or cultural beliefs inhibiting or promoting the growth of the market
As part of PEST analysis, this report also provides analysis of the impact of Technological factors on growth or decline of a market.
- In depth analysis and insights about the impact of political factors on this market will be provided in the final report.
- In depth analysis and insights about the impact of economic factors on this market will be provided in the final report.
- In depth analysis and insights about the impact of social factors on this market will be provided in the final report.
- In depth analysis and insights about the impact of technological factors on this market will be provided in the final report.
Porter's Five Force Analysis
This report provides Porter's Five Forces analysis of Global Graphite Electrode Market, which include; Bargaining Power of Suppliers, Bargaining Power of Buyers, Threat of New Entrants, Threat of Substitutes and Competitive Rivalry.
Bargaining Power of Suppliers:
Various factors such as; Supplier Switching Costs Relative to Firm Switching Costs, Supplier Competition and Possibility of Forward Integration, Presence of Substitute Inputs, Strength of Distribution Channels, and Supplier Concentration to Firm Concentration Ratio would be analysed to estimate bargaining power of suppliers in the Global Graphite Electrode Market. Bargaining power of suppliers will be reported on a scale of 0-10 with 0 being the lowest value and 10 being the highest value.
Bargaining Power of Suppliers
Supplier Switching Costs Relative To Firm Switching Costs | Strength of Distribution Channels | Supplier Concentration to firm Concentration Ratio | Presence of Substitute Inputs | Supplier Competition and Possibly of Forward Integration |
---|---|---|---|---|
20 | 10 | 15 | 5 | 50 |
Bargaining Power of Buyers:
Various factors such as; Buyer Concentration to Firm Concentration Ratio, Buyer Switching Costs, Availability of Existing Substitute Products, Buyer Price Sensitivity, and Degree of Dependency upon Existing Channels of Distribution would be analysed to estimate bargaining power of buyers in the Global Graphite Electrode Market. Bargaining power of buyers will be reported on a scale of 0-10 with 0 being the lowest value and 10 being the highest value.
Bargaining Power of Buyers
Buyer Competition to Firm Concentration Ratio | Buyer Switching Costs | Availability of existing Substitute Products | Buyer Price Sensitivity | Degree of Dependency upon Existing Channels of Distribution |
---|---|---|---|---|
10 | 15 | 25 | 45 | 32 |
Threat of Substitutes:
Various factors such as; Availability of Substitutes, Number of Available Substitutes, Price of Substitute Products, Buyer Switching Costs, and Buyer Propensity to Substitute would be analysed to estimate threat of substitutes in the Global Graphite Electrode Market. Threat of substitutes will be reported on a scale of 0-10 with 0 being the lowest value and 10 being the highest value.
Threat of Substitutes:
Availability of Substitutes | Number of Available Substitutes | Price of Substitute Products | Buyer Switching Costs | Buyer Propensity to Substitute |
---|---|---|---|---|
20 | 35 | 10 | 2 | 5 |
Threat of New Entrants:
Various factors such as; Barriers to Entry, Economies of Scale, Product Differentiation, Customer Loyalty, Network Effect, and Access to Distribution Channels would be analysed to estimate threat of new entrants in the Global Graphite Electrode Market. Threat of new entrants will be reported on a scale of 0-10 with 0 being the lowest value and 10 being the highest value.
Threat of New Entrants:
Barriers to entry | Economics of scale | Product Differentiation | Customer Loyalty | Network Effect | Access to Ditribution Channels |
---|---|---|---|---|---|
2 | 35 | 25 | 10 | 15 | 55 |
Competitive Rivalry:
Various factors such as; Firm concentration Ratio, Level of Advertising Expense, Sustainable Competitive Advantage through Innovation, Competitive Strategy and Degree of Transparency would be analysed to estimate competitive rivalry in the Global Graphite Electrode Market. Competitive rivalry will be reported on a scale of 0-10 with 0 being the lowest value and 10 being the highest value.
Industry Rivalry:
Firm Concentration Ratio | Level of Advertising Expense | Sustainable Competitive Adavantage through Innovation | Degree of Transparency | Competitive strategy |
---|---|---|---|---|
5 | 10 | 15 | 35 | 45 |
Competitive Landscape Analysis
Key players in Global Graphite Electrode Market include, SHOWA DENKO K.K., GrafTech International, Fangda Carbon New Material Technology Co. Ltd, Graphite india Limited and Jilin Carbon Co. Ltd.
In this report, the profile of each market player provides following information:
- Company Overview and Product Portfolio
- Key Developments
- Financial Overview
- Strategies
- Company SWOT Analysis
Company SWOT Analysis
This report also provides Heat map analysis of Products/Services Offered by different companies operating in this market.
Competitors Products/Services Heat Map Analysis
Company Vs. Product/Service | Company 1 | Company 2 | Company 3 | Company 4 | Company 5 | Company 6 | Company 7 | Company 8 | Company 9 | Company 10 |
---|---|---|---|---|---|---|---|---|---|---|
Product 1/Service 1 | ||||||||||
Product 2/Service 2 | ||||||||||
Product 3/Service 3 | ||||||||||
Product 4/Service 4 | ||||||||||
Product 5/Service 5 | ||||||||||
Product 6/Service 6 | ||||||||||
Product 7/Service 7 | ||||||||||
Product 8/Service 8 |
- Introduction
- Research Objectives and Assumptions
- Research Methodology
- Abbreviations
- Market Definition & Study Scope
- Executive Summary
- Market Snapshot, By Electrode Grade
- Market Snapshot, By Application
- Market Snapshot, By Region
- Market Opportunity Map
- Global Graphite Electrode Market Dynamics
- Drivers, Restraints and Opportunities
- Drivers
- Strong Growth in Iron and Steel Production in Emerging Countries
- Rising Availability of Steel Scrap in China
- Restraints
- Soaring Prices of Needle Coke, Resulting in Supply Tightness, among Other Crisis
- Other Restraints
- Opportunities
- Drivers
- PEST Analysis
- Political Analysis
- Economic Analysis
- Social Analysis
- Technological Analysis
- Porter's Analysis
- Bargaining Power of Suppliers
- Bragaining Power of Buyers
- Threat of Substitutes
- Threat of New Entrants
- Industry Rivalry
- Drivers, Restraints and Opportunities
- Market Segmentation
- Global Graphite Electrode Market, By Electrode Grade, 2022 - 2032 (USD Million)
- Introduction
- Market Share Analysis, 2024 and 2030 (%)
- Y-o-Y Growth Analysis, 2021 - 2030
- Segment Trends
- Ultra High Power (UHP)
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020 - 2030 (USD Million)
- High Power (SHP) & Regular Power (RP)
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020 - 2030 (USD Million)
- Ultra High Power (UHP)
- Global Graphite Electrode Market, By Application, 2022 - 2032 (USD Million)
- Introduction
- Market Share Analysis, 2024 and 2030 (%)
- Y-o-Y Growth Analysis, 2021 - 2030
- Segment Trends
- Electric Arc Furnace
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020 - 2030 (USD Million)
- Ladle Furnace
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020 - 2030 (USD Million)
- Non-steel Application
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020 - 2030 (USD Million)
- Electric Arc Furnace
- Global Graphite Electrode Market, By Geography, 2022 - 2032 (USD Million)
- Introduction
- Market Share Analysis, 2024 and 2030 (%)
- Y-o-Y Growth Analysis, 2021 - 2030
- Regional Trends
- North America
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Electrode Grade, 2020 - 2030 (USD Million)
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2020 - 2030 (USD Million)
- United States
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Electrode Grade, 2020 - 2030 (USD Million)
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2020 - 2030 (USD Million)
- Canada
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Electrode Grade, 2020 - 2030 (USD Million)
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2020 - 2030 (USD Million)
- United States
- Europe
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Electrode Grade, 2020 - 2030 (USD Million)
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2020 - 2030 (USD Million)
- Germany
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Electrode Grade, 2020 - 2030 (USD Million)
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2020 - 2030 (USD Million)
- United Kingdom
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Electrode Grade, 2020 - 2030 (USD Million)
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2020 - 2030 (USD Million)
- France
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Electrode Grade, 2020 - 2030 (USD Million)
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2020 - 2030 (USD Million)
- Italy
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Electrode Grade, 2020 - 2030 (USD Million)
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2020 - 2030 (USD Million)
- Spain
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Electrode Grade, 2020 - 2030 (USD Million)
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2020 - 2030 (USD Million)
- Rest of Europe
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Electrode Grade, 2020 - 2030 (USD Million)
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2020 - 2030 (USD Million)
- Germany
- Asia Pacific
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Electrode Grade, 2020 - 2030 (USD Million)
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2020 - 2030 (USD Million)
- Japan
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Electrode Grade, 2020 - 2030 (USD Million)
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2020 - 2030 (USD Million)
- China
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Electrode Grade, 2020 - 2030 (USD Million)
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2020 - 2030 (USD Million)
- India
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Electrode Grade, 2020 - 2030 (USD Million)
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2020 - 2030 (USD Million)
- Australia & New Zealand
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Electrode Grade, 2020 - 2030 (USD Million)
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2020 - 2030 (USD Million)
- South Korea
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Electrode Grade, 2020 - 2030 (USD Million)
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2020 - 2030 (USD Million)
- ASEAN (Association of South East Asian Countries)
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Electrode Grade, 2020 - 2030 (USD Million)
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2020 - 2030 (USD Million)
- Rest of Asia Pacific
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Electrode Grade, 2020 - 2030 (USD Million)
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2020 - 2030 (USD Million)
- Japan
- Middle East & Africa
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Electrode Grade, 2020 - 2030 (USD Million)
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2020 - 2030 (USD Million)
- GCC
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Electrode Grade, 2020 - 2030 (USD Million)
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2020 - 2030 (USD Million)
- Israel
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Electrode Grade, 2020 - 2030 (USD Million)
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2020 - 2030 (USD Million)
- South Africa
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Electrode Grade, 2020 - 2030 (USD Million)
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2020 - 2030 (USD Million)
- Rest of Middle East & Africa
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Electrode Grade, 2020 - 2030 (USD Million)
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2020 - 2030 (USD Million)
- GCC
- Latin America
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Electrode Grade, 2020 - 2030 (USD Million)
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2020 - 2030 (USD Million)
- Brazil
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Electrode Grade, 2020 - 2030 (USD Million)
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2020 - 2030 (USD Million)
- Mexico
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Electrode Grade, 2020 - 2030 (USD Million)
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2020 - 2030 (USD Million)
- Argentina
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Electrode Grade, 2020 - 2030 (USD Million)
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2020 - 2030 (USD Million)
- Rest of Latin America
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Electrode Grade, 2020 - 2030 (USD Million)
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2020 - 2030 (USD Million)
- Brazil
- North America
- Global Graphite Electrode Market, By Electrode Grade, 2022 - 2032 (USD Million)
- Competitive Landscape
- Heat Map Analysis
- Company Profiles
- SHOWA DENKO K.K.
- Company Overview and Product Portfolio
- Key Developments
- Financial Overview
- Strategies
- Company SWOT Analysis
- GrafTech International
- Company Overview and Product Portfolio
- Key Developments
- Financial Overview
- Strategies
- Company SWOT Analysis
- Fangda Carbon New Material Technology Co. Ltd
- Company Overview and Product Portfolio
- Key Developments
- Financial Overview
- Strategies
- Company SWOT Analysis
- Graphite india Limited
- Company Overview and Product Portfolio
- Key Developments
- Financial Overview
- Strategies
- Company SWOT Analysis
- Jilin Carbon Co. Ltd
- Company Overview and Product Portfolio
- Key Developments
- Financial Overview
- Strategies
- Company SWOT Analysis
- SHOWA DENKO K.K.
- Analyst Views
- Future Outlook of the Market
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