Graphite electrodes are primarily used in an electric arc furnace. They are also used to refine steel in ladle furnaces and other smelting processes. Graphite electrodes are the heating element which are used in an electric arc furnace, a steelmaking process where scrap from old cars or appliances is melted to produce new steel. Electrodes are made of graphite as graphite can only withstand such intense heat. Also, graphite rods are machined from blocks of graphite for use in various industries and applications.
MARKET DYNAMICS
The graphite electrode rod market has witnessed a significant growth owing to factors such as growing demand for graphite electrode rod in the steel industry. Moreover, the R&D activity and strict government regulations provides a huge market opportunity for the key players operating in the graphite electrode rod market. However, relatively higher price is projected to hamper the overall growth of the graphite electrode rod market.
MARKET SCOPE
The "Global Graphite Electrode Rod Market Analysis to 2028" is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the graphite electrode rod market with detailed market segmentation product type, application and geography. The global graphite electrode rod market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading graphite electrode rod market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global graphite electrode rod market is segmented on the basis of product type and application. On the basis of type, the global graphite electrode rod market is divided into regular power (rp) graphite electrodes, high power (hp) graphite electrodes and ultra high power (uhp) graphite electrodes. On the basis of application, the global graphite electrode rod market is divided into electric arc furnace steel and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global graphite electrode rod market based on various segments. It also provides marketsize and forecast estimates from the year 2020to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The graphite electrode rod market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
`The report analyzes factors affecting the graphite electrode rod market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the graphite electrode rod market in these regions.
MARKET PLAYERS
The reports cover key developments in the graphite electrode rod market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of marketplayers. The marketpayers from graphite electrode rod market is anticipated to lucrative growth opportunities in the future with the rising demand for graphite electrode rod in the global market. Below mentioned is the list of few companies engaged in the graphite electrode rod market.
The report also includes the profiles of key companies along with their SWOT analysis and marketstrategies in the graphite electrode rod market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Fangda Carbon
- GrafTech
- Graphite India Limited (GIL)
- HEG Limited
- Jilin Carbon
- Kaifeng Carbon Co., Ltd
- Nippon Carbon
- Showa Denko K.K
- Tokai Carbon
- Yangzi Carbon
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