A new report points out that the global graphite electrode market’s competitive landscape presents a highly fragmented structure, thanks to large and small participants describing their regional and global presence. The main players mainly focus on mergers and acquisitions to gain the largest market share and maintain global influence. The study also includes some well-known companies operating in graphite electrodes around the world,
According to study, the revenue generated by the global graphite electrode market in 2017 was US$10 billion. For the entire forecast period from 2018 to 2026, the compound annual growth rate of the market is 3%. The development of the market is highly dependent on the growing demand from steel companies.
Depending on the application, steel and non-melting materials are the main part of the global graphite electrode market in 2017, and this part is likely to maintain a leading position in adoption. In addition, the ultra-high power segment occupies a major share in the global graphite electrode market. From a geographical point of view, due to the strict supervision of the Chinese government, the Asia-Pacific region is likely to become the main market for the global pattern electrode market. Among all the countries in the Asia-Pacific region, China has the highest market share in the Asia-Pacific region because electric furnace steel is produced in that country.
High electrical and thermal conductivity, low impurity content, and high vibration resistance are some of the key characteristics of graphite electrodes that will affect the growth of this market in the next few years. Other qualities of graphite electrodes, such as high heat resistance and thermal shock resistance, further help reduce the overall quality of steel. Lower EPF production costs and flexibility are key factors supporting the growth of the graphite electrode market in the next few years. In addition, the Chinese government is formulating regulations to increase steel production. The use of steel in end-user industries such as the automotive, construction and defense, aerospace, infrastructure, and oil and gas industries is another factor driving the growth of this market in the near future. The increasing use of electric arc furnaces in steel manufacturing is one of the key factors driving the growth of this market in the coming years. The use of graphite electrodes in the smelting process and steelmaking is one of the important factors supporting the growth of the graphite electrode market in the next few years.
Post time: Jun-03-2021