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Graphite Electrodes: Global Strategic Business Report

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    Report

  • 295 Pages
  • January 2023
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 4845801

Global Graphite Electrodes Market to Reach $18.2 Billion by 2030

In the changed post COVID-19 business landscape, the global market for Graphite Electrodes estimated at US$11.7 Billion in the year 2022, is projected to reach a revised size of US$18.2 Billion by 2030, growing at a CAGR of 5.7% over the analysis period 2022-2030. Ultra-High Power, one of the segments analyzed in the report, is projected to record a 6.1% CAGR and reach US$12.7 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the High Power segment is readjusted to a revised 5.1% CAGR for the next 8-year period.

The U.S. Market is Estimated at $1.7 Billion, While China is Forecast to Grow at 6.6% CAGR

The Graphite Electrodes market in the U.S. is estimated at US$1.7 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$3.3 Billion by the year 2030 trailing a CAGR of 6.6% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4% and 4.3% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 5.2% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$5.3 Billion by the year 2030.

Select Competitors (Total 31 Featured) -

  • Ameri-Source Specialty Products
  • Beijing Great Wall Co., Ltd.
  • EPM Group
  • Fanda Carbon New Material Co. Ltd.
  • GrafTech International Ltd.
  • Graphite India Limited
  • HEG Limited
  • Jilin Carbon Co., Ltd.
  • Kaifeng Carbon Co. Ltd.
  • Nantong Yangzi Carbon Co. Ltd.
  • Nippon Carbon Co., Ltd.
  • SANGRAF International Inc.
  • Schutz Carbon Electrodes Pvt. Ltd.
  • SEC Carbon Ltd.
  • Showa Denko K.K.
  • Tokai Carbon Co., Ltd.

What`s New for 2023?

  • Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
  • Global competitiveness and key competitor percentage market shares
  • Market presence across multiple geographies - Strong/Active/Niche/Trivial
  • Online interactive peer-to-peer collaborative bespoke updates
  • Access to digital archives and Research Platform
  • Complimentary updates for one year

Looking Ahead to 2023

The global economy is at a critical crossroads with a number of interlocking challenges and crises running in parallel. The uncertainty around how Russia`s war on Ukraine will play out this year and the war`s role in creating global instability means that the trouble on the inflation front is not over yet. Food and fuel inflation will remain a persistent economic problem. Higher retail inflation will impact consumer confidence and spending. As governments combat inflation by raising interest rates, new job creation will slowdown and impact economic activity and growth. Lower capital expenditure is in the offing as companies go slow on investments, held back by inflation worries and weaker demand. With slower growth and high inflation, developed markets seem primed to enter into a recession. Fears of new COVID outbreaks and China’s already uncertain post-pandemic path poses a real risk of the world experiencing more acute supply chain pain and manufacturing disruptions this year. Volatile financial markets, growing trade tensions, stricter regulatory environment and pressure to mainstream climate change into economic decisions will compound the complexity of challenges faced. Year 2023 is expected to be tough year for most markets, investors and consumers. Nevertheless, there is always opportunity for businesses and their leaders who can chart a path forward with resilience and adaptability.
Frequently Asked Questions about the Global Market for Graphite Electrodes

What is the estimated value of the Global Market for Graphite Electrodes?

The Global Market for Graphite Electrodes was estimated to be valued at $11.7 Billion in 2022.

What is the growth rate of the Global Market for Graphite Electrodes?

The growth rate of the Global Market for Graphite Electrodes is 5.7%, with an estimated value of $18.2 Billion by 2030.

What is the forecasted size of the Global Market for Graphite Electrodes?

The Global Market for Graphite Electrodes is estimated to be worth $18.2 Billion by 2030.

Who are the key companies in the Global Market for Graphite Electrodes?

Key companies in the Global Market for Graphite Electrodes include Ameri, Source Specialty Products, Beijing Great Wall Co., Ltd., EPM Group, Fanda Carbon New Material Co. Ltd., GrafTech International Ltd., Graphite India Limited, HEG Limited and Kaifeng Carbon Co. Ltd..

Table of Contents

I. METHODOLOGYII. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
  • Influencer Market Insights
  • World Market Trajectories
  • Impact of Covid-19 and a Looming Global Recession
  • Supply Chain Disruptions Crisis Curtail Graphite Electrode Consumption
  • Prevailing Weak Global Economic Environment & Negative Tide in GDP Forecasts Discouraging Graphite Electrodes Market in Short Term
  • World Economic Growth Projections (Real GDP, annual % Change) for 2019, 2020 & 2021
  • Business Confidence Index (BCI) Points for 3Q 2019, 4Q 2019, 1Q 2020, & 2Q 2020
  • Global Graphite Electrodes Market to Grow at Decent Pace despite Challenges
  • Trends in EAF Steel Production: A Key Factor Dictating Demand for Graphite Electrodes
  • Production Cost of Graphite electrodes - Percentage Breakdown of Cost by Component
  • Ultra-High Power Graphite Electrode Witnesses High Demand
  • World Graphite Electrodes Market by Electrode Type (2020 & 2027): Percentage Breakdown of Sales for Ultra-High Power, High Power, and Regular Power
  • Steel Manufacturing Application Dominates Graphite Electrodes Market
  • World Graphite Electrodes Market by Application (2020 & 2027): Percentage Breakdown of Sales for Steel, Silicon Metal, and Other Applications
  • Led by China, Asia-Pacific Holds Dominant Position in Graphite Electrodes Market
  • World Graphite Electrodes Market by Region (2020 & 2027): Percentage Breakdown of Sales for Developed and Developing Regions
  • Global Graphite Electrodes Market - Geographic Regions Ranked by Value CAGR for 2020-2027
  • Competitive Scenario
  • Graphite Electrode Capacity
  • Worldwide Graphite Electrode Capacity (in Tons) by Select Leading Players: 2018
  • Recent Market Activity
  • Graphite Electrodes - Global Key Competitors Percentage Market Share in 2021 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2021 (E)
2. FOCUS ON SELECT PLAYERS
  • SELECT WORLD BRANDS
3. MARKET TRENDS & DRIVERS
  • Iron & Steel Production Patterns Influence the Market Demand
  • Steel Production Prospers During 2017-2019 Period
  • World Crude Steel Production (2012-2019) in Million Tons
  • Exports Scenario Dominated by China
  • Leading Steel Exporting Countries in the World (2019): Exports (in Million Metric Tons) for China, Japan, South Korea, Russia, EU-28, Germany, Turkey, Italy, Belgium, Ukraine, France, India, Brazil, Taiwan, and Netherlands
  • EU Remains the Top Steel Importer
  • Leading Steel Importing Countries in the World (2019): Imports (in Million Metric Tons) for EU (28), United States, Germany, Italy, Thailand, South Korea, China, Vietnam, France, Indonesia, Mexico, Belgium, Turkey, Poland, and Spain
  • Steel Scrap Availability: Another Major Influencing Factor
  • Graphite Electrode: Primary Input for Electric Arc Furnace Steel Making
  • EAFs Remain Primary Consumer of Graphite Electrodes
  • Global Production of Crude Steel (2019): Percentage Breakdown by Method of Production
  • Steel Production by Manufacturing Process in Select Countries (2019)
  • Increased Demand for High-Quality Steel
  • Prominent Role of Automotive Industry in Market Growth
  • World Automobile Production in Million Units: 2008-2022
  • Increasing Use of Graphite in Lithium-Ion Batteries
  • Supply Bottlenecks & Skyrocketing Prices of Graphite Electrodes
  • High Demand & Limited Inventory: Factors Behind Price Rally
  • Easing of Graphite Electrode Prices in Sight
  • Carbon and Graphite: Product Overview
  • Carbon
  • Industry-Wide Applications of Carbon Products
  • Graphite
  • Features, Sources and Classification of Graphite
  • Graphite Products
  • Graphite Electrodes
  • Standard Properties of Graphite Electrodes (Room Temperature Values)
  • Grades of Graphite Electrodes
  • Graphite Electrodes: Production Process
  • Applications of Graphite Electrodes
4. GLOBAL MARKET PERSPECTIVE
  • Table 1: World Recent Past, Current & Future Analysis for Graphite Electrodes by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2022 through 2030 and % CAGR
  • Table 2: World Historic Review for Graphite Electrodes by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2021 and % CAGR
  • Table 3: World 16-Year Perspective for Graphite Electrodes by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets for Years 2014, 2023 & 2030
  • Table 4: World Recent Past, Current & Future Analysis for Ultra-High Power by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2022 through 2030 and % CAGR
  • Table 5: World Historic Review for Ultra-High Power by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2021 and % CAGR
  • Table 6: World 16-Year Perspective for Ultra-High Power by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World for Years 2014, 2023 & 2030
  • Table 7: World Recent Past, Current & Future Analysis for High Power by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2022 through 2030 and % CAGR
  • Table 8: World Historic Review for High Power by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2021 and % CAGR
  • Table 9: World 16-Year Perspective for High Power by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World for Years 2014, 2023 & 2030
  • Table 10: World Recent Past, Current & Future Analysis for Regular Power by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2022 through 2030 and % CAGR
  • Table 11: World Historic Review for Regular Power by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2021 and % CAGR
  • Table 12: World 16-Year Perspective for Regular Power by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World for Years 2014, 2023 & 2030
  • Table 13: World Recent Past, Current & Future Analysis for Steel by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2022 through 2030 and % CAGR
  • Table 14: World Historic Review for Steel by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2021 and % CAGR
  • Table 15: World 16-Year Perspective for Steel by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World for Years 2014, 2023 & 2030
  • Table 16: World Recent Past, Current & Future Analysis for Silicon Metal by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2022 through 2030 and % CAGR
  • Table 17: World Historic Review for Silicon Metal by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2021 and % CAGR
  • Table 18: World 16-Year Perspective for Silicon Metal by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World for Years 2014, 2023 & 2030
  • Table 19: World Recent Past, Current & Future Analysis for Other Applications by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2022 through 2030 and % CAGR
  • Table 20: World Historic Review for Other Applications by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2021 and % CAGR
  • Table 21: World 16-Year Perspective for Other Applications by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World for Years 2014, 2023 & 2030
  • Table 22: World Graphite Electrodes Market Analysis of Annual Sales in US$ Thousand for Years 2014 through 2030
III. MARKET ANALYSIS
UNITED STATES
  • Graphite Electrodes Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2023 (E)
  • An Overview of the US Graphite Market
  • Increasing Share of Electric Arc Process in Crude Steel Production: A Business Case for Graphite Electrode Market
  • US Crude Steel Production (2019E): Percentage Breakdown of Production by Type of Process - Electric Furnace and Oxygen Blown Converter
  • Crude Steel Production in the US (2006-2019) (in Thousand Tons)
  • Demand for Steel Scrap Drops amid COVID-19 Pandemic
  • US Issues Sanctions Advisory on Graphite Electrode Exports to Iran
CANADA
  • Graphite Market in Canada
JAPAN
  • Graphite Electrodes Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2023 (E)
CHINA
  • Graphite Electrodes Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2023 (E)
  • Market Overview
  • World's Largest Producer of Natural Graphite
  • Graphite Mine Production in China in ‘000 Metric Tons for the Period 2012-2019
  • Steel Industry Dynamics to Impact Demand for Graphite Electrodes
  • Steel Production in China (2011-2019) (in Million Tons)
  • Crude Steel Production in China (2019): Percentage Share Breakdown of Production Output by Process - Electric Furnaces and Oxygen-blown Converters
  • Chinese Graphite Electrode Industry Faces Overcapacity Concerns
  • Dependence on Needle Coke Imports Continues to Worry China's Graphite Electrode Industry
EUROPE
  • Graphite Electrodes Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2023 (E)
  • EU: A Major Market for Carbon & Graphite Products
  • Mine Graphite Production (in ‘000 Metric Tons) for Select European Countries (2017 & 2019)
  • EAF Process: Key Driver of European Graphite Electrode Market
  • Europe Crude Steel Production by Select Country (2020): Percentage Share Breakdown of Steel Production by Process
FRANCE
  • Graphite Electrodes Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2023 (E)
GERMANY
  • Graphite Electrodes Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2023 (E)
ITALY
UNITED KINGDOM
  • Graphite Electrodes Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2023 (E)
SPAIN
RUSSIA
  • Russian Graphite Industry: An Overview
TURKEYREST OF EUROPE
ASIA-PACIFIC
  • Graphite Electrodes Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2023 (E)
  • Market Overview
INDIA
  • Graphite Electrodes Market Presence - Strong/Active/Niche/Trivial - Key Competitors in India for 2023 (E)
  • India: A Major Producer of Flake Graphite
  • Number of Graphite Mines in India
  • Indian Graphite Market by End-Use Industry (2019): Percentage Breakdown of Volume Consumption for Chemicals, Graphite Products (Crucible), Refractory, and Others
  • Steel Ministry Tightens Rules over Adherence to BIS Standards for Induction Furnaces
  • Indian Graphite Electrode Manufacturers Face Pressure to Cut Prices
SOUTH KOREAREST OF ASIA-PACIFIC
LATIN AMERICA
  • Graphite Electrodes Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Latin America for 2023 (E)
BRAZIL
  • Brazil: A Leading Graphite Producer
  • Brazilian Natural Graphite Mine Production in ‘000 Metric Tons (2017 & 2019)
MEXICO
  • Mexico: A Major Producer of Amorphous Graphite Reserves
REST OF LATIN AMERICA
REST OF WORLD
  • Iranian Steel Industry Faces Shortage of Graphite Electrodes
IV. COMPETITION

Companies Mentioned

A selection of companies mentioned in this report includes:

  • Ameri-Source Specialty Products
  • Beijing Great Wall Co., Ltd.
  • EPM Group
  • Fanda Carbon New Material Co. Ltd.
  • GrafTech International Ltd.
  • Graphite India Limited
  • HEG Limited
  • Jilin Carbon Co., Ltd.
  • Kaifeng Carbon Co. Ltd.
  • Nantong Yangzi Carbon Co. Ltd.
  • Nippon Carbon Co., Ltd.
  • SANGRAF International Inc.
  • Schutz Carbon Electrodes Pvt. Ltd.
  • SEC Carbon Ltd.
  • Showa Denko K.K.
  • Tokai Carbon Co., Ltd.