The global graphite electrode market is projected to reach $10.5 billion by 2028, at a CAGR of 6.5% during 2023-2028. The growth of graphite electrode market is driven by the growing need for anti-corrosion products in the oil and gas sector and increasing demand for steel in various end use industries, such as construction, automotive, and aerospace.
Some of the Key Questions answered in this exclusive report are:
Q.1 What are some of the
most promising, high-growth opportunities for the graphite electrode market by product
type (ultra-high power, high power, and regular power), application (steel,
silicon metal, and aluminum), and region (North America, Europe, Asia Pacific,
and the Rest of the World)?
Q.2 Which segments will
grow at a faster pace and why?
Q.3 What are the
business risks and threats to the graphite electrode market?
Q.4 What are some
changing demands of customers in the graphite electrode market?
Q.5 What are the new
developments in the graphite electrode market? Which companies are leading
these developments?
Q.6 What strategic
initiatives are being implemented by key players for business growth?
Q.7 What are some of the
competitive products and processes in this graphite electrode area and how big
of a threat do they pose for loss of market share via product substitution?
Q.8 What M&A activity has occurred in the last 5 years in this graphite electrode market?
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Market Segmentation:
Based on product type,
the graphite electrode market is segmented into ultra-high power, high power,
and regular power. The ultra-high power segment accounted for the largest share
of the market in 2023 and is expected to register the highest CAGR during the
forecast period, as it ensures exceptional strength, thermal resistance, and
high strength properties.
APAC will remain the
largest region due to the presence of manufacturing hubs of EAF (electric arc
furnace) in China and India and the existence of major players in the region.
Key Players in the
graphite electrode market are Showa Denko, GRAFTech, Graphite India Limited
(GIL), HEG, Tokai Carbon.
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The report helps stakeholders understand the
pulse of the market and provides them with information on key drivers,
restraints, challenges, and opportunities for market growth. It would also help
to understand the competitors better and gain more insights to improve their
position in the business.
To read more about this market please click on
https://www.lucintel.com/graphite-electrode-market.aspx.
About
Lucintel
Lucintel,
the premier global management consulting and market research firm, creates
winning strategies for growth. It offers market assessments, competitive
analysis, opportunity
analysis, growth
consulting, M&A, and due diligence services to executives and
key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. 972.636.5056
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