This site uses cookies, including third-party cookies, that help us to provide and improve our services. Read More

Global Graphite Electrode Rod Market

Global Graphite Electrode Rod Market

Global Graphite Electrode Rod Market Forecast, Trend Analysis & Competition Tracking Global Review 2021 to 2031

Global Graphite Electrode Rod Market
FACT5709MR

Graphite Electrode Rod Market: Overview and Dynamics

Graphite is a crystalline form of carbon element with atoms positioned in a hexagonal structure. Graphite is an optimum conductor unlike conventional conductors used in the market. Graphite could be molded into various shapes according to its application. For instance, amorphous graphite could be molded in the form of powder for its utilization in manufacturing lubricants and its utilization in structural materials. Furthermore, graphite is also extensively being used in manufacturing graphite electrode rods.

Graphite electrode rod is an exclusive material which is utilized in multiple specialized applications ranging from steel to quartz industry. Therefore, exclusivity of the product shall stabilize the demand for the graphite electrode market over the medium run forecast period. Stabilization of the demand and lower downward fluctuations to bolster the supply and is set to provide an extra edge for the manufacturers to cash in from the opportunity.

In the perspective of the price of the graphite electrode rods, product price is set to weigh heavy as only few manufacturers produce the product across the globe. Apart from the limited production, cost of production also plays a major role where manufacturer charges margins for the exclusivity of the product. In terms of the price stability, the difference between the floor and ceiling price is lower than the substitutes which denotes the non-volatile price points.

Petroleum industry plays a pivotal role in driving the demand for the graphite electrode rod market. Extensive integration of the graphite electrode rod in the petroleum industry to bolster the demand for the graphite electrode rod over the long-run forecast period. Apart from its application in the petroleum industry, graphite electrode rods are integrated in the electric arc furnace for the production of the steel.

Increasing demand from various petroleum products and electric arc furnaces is propelling the graphite electrode rod market. From last few decades, there is a significant increase the number of automotive industries, low cost of graphite electrode rod, extensive benefits of graphite and consistent development in technology have increased the growth of graphite electrode rod market. The Graphite electrode rod market is anticipated to intrusion ahead with a higher single-digit CAGR over the forecast period.

Regular Power (RP) Graphite Electrode is mainly used for regular power electric curve heaters to melt scrap yellow phosphorus, silicon and steel. This regular power graphite electrode is using petroleum coke and needle coke as raw materials. It is made through the production process of machining, calcination, roasting, and graphitization, kneading, pressing and compounding which is the electrode that discharges electric energy in the form of electric arch in electric arch heater to heat and melt the heater charge.

High Power (HP) Graphite Electrode is the foremost graphite electrode for electric arch heaters steelmaking. It is made of petroleum coke, coal pitch and needle coke created by a series of strict production processes. This graphite electrode has few different kind of features such as high-purity, high-density as well as strong stability, this graphite electrode contains anti-oxidation treatment for endurance. It has high machining accuracy, good surface finishing, low electrical resistance as well as high mechanical strength and high resistance to thermal shock and oxidation.

UHP Graphite Electrode is extensively used in steel processing in the electrical arc heater furnace. The main element of ultra-high power graphite electrode is needle coke which accounts for the majority of the cost of the graphite electrode production. The graphite electrode are done with a cylinder shape and machined with negotiated areas at each end. This graphite electrode has few different kind of features such as good dimension stability with not easy to deform, high resistance to thermal shock and oxidation. The ultra-high power graphite electrode contains high mechanical strength with the low electrical resistance. It has good surface finishing along with the high level of machining accuracy.

Graphite Electrode Rod Market: COVID-19 Impact Insights

COVID-19 pandemic has forced countries to impose lockdowns and strict social distancing measures across the globe. Covid-19 sensitively impacted on the graphite electrode rod market. Because of Covid-19, many more end-use industries are closed during the lockdown period and hence, the declination of the graphite electrode rod is observed over the period of Q2 and Q3 of FY2020. Almost all industries such as Automotive, Aerospace, Construction, Petroleum and others are faced a huge amount of loss. This in result has disrupted almost every market and graphite electrode rod market has also been affected largely. COVID-19 has caused economic hardship for consumers, businesses and governments across the world. The demand and supply equilibrium of graphite electrode rod collapsed creating a cost burden on the graphite electrode rod manufacturers. Moreover, constant recovering market would help the graphite electrode rod market recover strongly by the end of H1 of FY2021.

Know More Details About the Report

Graphite Electrode Rod Market: Regional Outlook

Based on regional breakdown, graphite electrode rod market is segmented into six different regions i.e., North America, Europe, Latin America, East Asia, South Asia and Oceania and Middle East & Africa. North America has the upper hand in driving the demand for the global graphite electrode rod market. Moreover, this region holds phenomenal share in the graphite electrode rod market. High spending of the research & development and incessant development in technology has driven the growth of the graphite electrode rod market. North America accounts maximum shares of global graphite electrode rod market.

Europe is the second dominant region in global graphite electrode rod market followed by North America. The increasing demand for electric vehicles, government support for R & D and high spending on new technology are the driving factors for European graphite electrode rod market.

Asia-Pacific is anticipated to be the fastest-growing region in the graphite electrode rod market. China especially in Asia Pacific is the main driver of the graphite electrode rod market in the region.

Middle East & Africa and Latin America could be countered as low prominent regions across the globe in driving the demand for the graphite electrode rod market.

Graphite Electrode Rod Market: Key Players

Being a moderately consolidated Graphite Electrode Rod market, players have a dominant presence across regions through efficient distribution networks.

  • Showa Denko k. k.
  • Nantong Yangzi Carbon Co., Ltd
  • Graphite India Limited (GIL)
  • Kaifeng Carbon Co., Ltd
  • Zhongping Energy & Chemical Group (KFCC)
  • Misano Group
  • Nippon Carbon Co., Ltd
  • Graf Tech
  • Sangraf International
  • Tokai Carbon
  • Jilin Carbon
  • and other key players are amongst the prominent players in Graphite Electrode Rod market accounting for over half of the market revenues.

The research report presents a comprehensive assessment of the Graphite Electrode Rod market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The graphite electrode rod market report provides analysis and information, according to market segments such as geographies, product type, material type and end-use

Avail customized purchase options for your needs

The Graphite Electrode Rod Report Covers Exhaustive Analysis On:

  • Market Segments
  • Market Dynamics
  • Market Size & Demand
  • Current Trends/Issues/Challenges
  • Competition & Companies involved
  • Technology
  • Value Chain

The Graphite Electrode Rod Regional Analysis Includes:

  • North America (U.S., Canada)
  • Latin America (Mexico, Brazil, Argentina, Chile, Peru)
  • Europe (UK, Germany, Spain, France, BENELUX, Italy, Rest of Europe)
  • East Asia (China, Japan, South Korea)
  • South Asia & Oceania (India, ASEAN, Australia and New Zealand, Rest of South Asia & Oceania)
  • The Middle East and Africa (GCC Countries, South Africa, Northern Africa, Turkey, Rest of MEA)

The Graphite Electrode Rod report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts, and industry participants across the value chain. The Graphite Electrode Rod report provides an in-depth analysis of parent market trends, macroeconomic indicators, and governing factors along with market attractiveness as per segments. The Graphite Electrode Rod report also maps the qualitative impact of various market factors on market segments and geographies.

An Adaptive Approach to Modern-day Research Needs

The Graphite Electrode Rod Report Highlights:

  • A detailed overview of the parent market
  • Changing market dynamics in the industry
  • In-depth market segmentation
  • Historical, current and projected market size in terms of volume and value
  • Recent industry trends and developments
  • Competitive landscape
  • Strategies of key players and products offered
  • Potential and niche segments, geographical regions exhibiting promising growth
  • A neutral perspective on market performance
  • Must-have information for market players to sustain and enhance their market footprint

Segmentation Analysis of Graphite Electrode Rod Market:

The global Graphite Electrode Rod divided into five segments: By Type, By Purity, By Applications, End-users and By Regions.

  • On the basis of product type, the Graphite Electrode Rod Market has been segmented as follows:

    • Regular Power (RP) Graphite Electrodes
    • High Power (HP) Graphite Electrodes
    • Ultra High Power (UHP) Graphite Electrodes
  • On the basis of purity, Graphite Electrode Rod Market has been segmented as follows:

    • 2N
    • 3N
    • 4N
    • 5N
    • 5N5
    • 6N
  • On the basis of applications, the Graphite Electrode Rod Market has been segmented as follows:

    • Electric ARC Furnace Steel
    • Phosphorus
    • Silicon
    • Others
  • On the basis of End-Users, Graphite Electrode Rod Market has been segmented as follows:

    • Semiconductors
    • Steel
    • Petroleum Industry
    • Automotive Industry
    • Others
  • On the basis of Regions, Graphite Electrode Rod Market has been segmented as follows:

    • North America (U.S., Canada)
    • Latin America (Mexico, Brazil, Argentina, Chile, Peru)
    • Europe (UK, Germany, Spain, France, BENELUX, Italy, Rest of Europe)
    • East Asia (China, Japan, South Korea)
    • South Asia & Oceania (India, ASEAN, Australia and New Zealand, Rest of South Asia & Oceania)
    • The Middle East and Africa (GCC Countries, South Africa, Northern Africa, Turkey, Rest of MEA)

NOTE - All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of the company.

Need an Exclusive Report for your Unique Requirement?

- Our Clients -

Report Client

- Evaluate How Fact.MR's Report Can Help. -

Is the market research conducted by Fact.MR?

Yes, the report has been compiled by expert analysts of Fact.MR, through a combination of primary and secondary research. To know more about how the research was conducted, you can speak to a research analyst.

What research methodology is followed by Fact.MR?

Fact.MR follows a methodology that encompasses the demand-side assessment of the market, and triangulates the same through a supply-side analysis. This methodology is based on the use of standard market structure, methods, and definitions.

What are the sources of secondary research?

Fact.MR conducts extensive secondary research through proprietary databases, paid databases, and information available in the public domain. We refer to industry associations, company press releases, annual reports, investor presentations, and research papers. More information about desk research is available upon request.

Who are the respondents for primary research?

Fact.MR speaks to stakeholders across the spectrum, including C-level executives, distributors, product manufacturers, and industry experts. For a full list of primary respondents, please reach out to us.

Is a sample of this report available for evaluation?

Yes, you can request a sample, and it will be sent to you through an email.