Graphite Electrodes Market | China was the largest producer by holding 40% of the global production volume in 2016
Global Graphite Electrodes Market Trends, Estimation and Forecast | 2024
(EMAILWIRE.COM, February 06, 2018 ) The global graphite electrode market is an oligopolistic market, with no new entrants functioning in the industry since recent past. The graphite electrode market is facing a declining growth trend due to the possession of core technology by only a handful of players. It is solely a technology sensitive and capital intensive market. The demand of graphite electrodes is majorly dependent on its application in manufacturing steel through smelting by using an electric arc furnace (EAF). Steel manufacturers are shifting towards electric arc furnace over the blast furnaces, owing to the advantages offered by EAF such as low cost of establishment, higher production flexibility, and low CO2 emissions.
Browse details of 227 pages research report developed on Global Graphite Electrodes Market @ https://www.researchcosmos.com/reports/global-graphite-electrodes-market-trends-estimation-and-forecast-2024/1546148732
Market Determinants
The global graphite electrodes market has witnessed notable growth in the recent years. The increase in steel- oriented activities such as construction and infrastructure is the key market determinant fueling the growth of global graphite electrode market. According to the data revealed by World Steel Association, 1630 million tonnes of crude steel was produced globally, in 2016. Moreover, the shifting trend of steel manufacturers towards manufacturing steel via electric arc furnace over the blast furnace is also a prime determinant driving the market growth. On the other hand, the rising price trend of raw materials required to manufacture graphite electrode and advent of carbon electrode as a substitute acts as the major hurdles in the growth of the market. However, increasing awareness among the people regarding branded products is expected to create huge opportunities for the growth of market in the coming years.
Segment Analysis
The global graphite electrodes market is segmented on the basis of type, application, and geography. By type, the market is segmented into regular power graphite electrode, high power graphite electrode, and ultra-high power graphite electrode. On the basis of application, the market is segmented into metallurgy, chemistry, and national defence. Geography wise, the market is segmented into North America, Europe, China, Japan, South East Asia, India, South America, and Middle East. China was the largest producer of graphite electrodes, in 2016, by holding nearly 40% of the global production volume. It is expected to maintain its dominance and grow with the highest CAGR of 4.3% during the forecast period of 2017-2024. Moreover, the developing economies like India and Japan are also the major contributors in the market growth due to their high steel production.
Some prominent market players are SGL Group, GrafTech, Fangda Carbon, Showa Denko K.K, Jilin Carbon, Tokai Carbon, Nippon Carbon, Graphite India Limited (GIL), HEG Limited, Yangzi Carbon, and Kaifeng Co., Ltd. The market giants are adopting mergers & acquisitions and capacity upgrades as their growth strategies, in order to magnify their presence in the global market. In 2016, a Japan based market giant, Showa Denko acquired Germany based SGL Group at an estimated value of 350 million euros. The acquisition was strategized with an aim to expand business reach in the US, Japan, and Europe, along with the reduction in fixed costs and integration of supply chain.
Avail Sample Market Brochure of the report for more information to
evaluate report usefulness, Get a Copy @ https://www.researchcosmos.com/request/1546148732
GLOBAL GRAPHITE ELECTRODES MARKET SEGMENTATION
By Type
Regular power graphite electrode
High power graphite electrode
Ultra-high power graphite electrode
By Application
Metallurgy
Chemistry
National Defence
By Geography
North America
China
South East Asia
Europe
India
Japan
South America
Middle East
KEY MARKET PLAYERS
SGL Group
GrafTech
Fangda Carbon
Showa Denko K.K
Jilin Carbon
Tokai Carbon
Nippon Carbon
Graphite India Limited (GIL)
HEG Limited
Yangzi Carbon
Kaifeng Co., Ltd
Got some questions, Inquire @ https://www.researchcosmos.com/inquire/1546148732
About Research Cosmos:
Research Cosmos is an aggregator of syndicated and bespoke market research, business intelligence and consulting services on gamut of sectors across the globe. Were associated with world renowned publishers who when combined, serve hundreds of fortune listed companies and publish wide range of insightful reports which cover nook and corner of every industry vertical.
Contact Us:
Kevin Stewart
Sales Manager
Research Cosmos
www.researchcosmos.com
kevin@researchcosmos.com
# +1 888 709 8757
Browse details of 227 pages research report developed on Global Graphite Electrodes Market @ https://www.researchcosmos.com/reports/global-graphite-electrodes-market-trends-estimation-and-forecast-2024/1546148732
Market Determinants
The global graphite electrodes market has witnessed notable growth in the recent years. The increase in steel- oriented activities such as construction and infrastructure is the key market determinant fueling the growth of global graphite electrode market. According to the data revealed by World Steel Association, 1630 million tonnes of crude steel was produced globally, in 2016. Moreover, the shifting trend of steel manufacturers towards manufacturing steel via electric arc furnace over the blast furnace is also a prime determinant driving the market growth. On the other hand, the rising price trend of raw materials required to manufacture graphite electrode and advent of carbon electrode as a substitute acts as the major hurdles in the growth of the market. However, increasing awareness among the people regarding branded products is expected to create huge opportunities for the growth of market in the coming years.
Segment Analysis
The global graphite electrodes market is segmented on the basis of type, application, and geography. By type, the market is segmented into regular power graphite electrode, high power graphite electrode, and ultra-high power graphite electrode. On the basis of application, the market is segmented into metallurgy, chemistry, and national defence. Geography wise, the market is segmented into North America, Europe, China, Japan, South East Asia, India, South America, and Middle East. China was the largest producer of graphite electrodes, in 2016, by holding nearly 40% of the global production volume. It is expected to maintain its dominance and grow with the highest CAGR of 4.3% during the forecast period of 2017-2024. Moreover, the developing economies like India and Japan are also the major contributors in the market growth due to their high steel production.
Some prominent market players are SGL Group, GrafTech, Fangda Carbon, Showa Denko K.K, Jilin Carbon, Tokai Carbon, Nippon Carbon, Graphite India Limited (GIL), HEG Limited, Yangzi Carbon, and Kaifeng Co., Ltd. The market giants are adopting mergers & acquisitions and capacity upgrades as their growth strategies, in order to magnify their presence in the global market. In 2016, a Japan based market giant, Showa Denko acquired Germany based SGL Group at an estimated value of 350 million euros. The acquisition was strategized with an aim to expand business reach in the US, Japan, and Europe, along with the reduction in fixed costs and integration of supply chain.
Avail Sample Market Brochure of the report for more information to
evaluate report usefulness, Get a Copy @ https://www.researchcosmos.com/request/1546148732
GLOBAL GRAPHITE ELECTRODES MARKET SEGMENTATION
By Type
Regular power graphite electrode
High power graphite electrode
Ultra-high power graphite electrode
By Application
Metallurgy
Chemistry
National Defence
By Geography
North America
China
South East Asia
Europe
India
Japan
South America
Middle East
KEY MARKET PLAYERS
SGL Group
GrafTech
Fangda Carbon
Showa Denko K.K
Jilin Carbon
Tokai Carbon
Nippon Carbon
Graphite India Limited (GIL)
HEG Limited
Yangzi Carbon
Kaifeng Co., Ltd
Got some questions, Inquire @ https://www.researchcosmos.com/inquire/1546148732
About Research Cosmos:
Research Cosmos is an aggregator of syndicated and bespoke market research, business intelligence and consulting services on gamut of sectors across the globe. Were associated with world renowned publishers who when combined, serve hundreds of fortune listed companies and publish wide range of insightful reports which cover nook and corner of every industry vertical.
Contact Us:
Kevin Stewart
Sales Manager
Research Cosmos
www.researchcosmos.com
kevin@researchcosmos.com
# +1 888 709 8757
Contact Information:
Research Cosmos
Kevin
Tel: +1 888 709 8757
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results
Research Cosmos
Kevin
Tel: +1 888 709 8757
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results