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This comprehensive report, from Stratview Research, on the graphite electrode market for the metal industry is one of its kind and estimates the current as well as future growth opportunities for the market participants until 2024. The report also addresses the current supply constraint (limited production capacity) of both graphite electrode as well as petroleum needle coke and its impact on the price as well as demand for graphite electrodes.
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Presents a Research Report on Graphite Electrode Market for the Metal Industry Graphite Electrode Market for the Metal Industry by Product Type {Ultra-High Power (UHP), High Power (HP), and Regular Power (RP)}, by Application Type {Steel, Silicon Metal, and Aluminum}, and by Region {North America, Europe, Asia-Pacific, and Rest of the World}, Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2019-2024 sales@stratviewresearch.com +1-313-307-4176 www.stratviewresearch.com Market Reports Advisory & Consulting Sourcing Intelligence
Graphite Electrode Market for the Metal Industry Growth and Forecast Highlights & Drivers • Graphite Electrode Market for the Metal Industry is projected to grow at a healthy rate over the next five years to reach US$ 15.3 billion in 2024. • Graphite electrode (GE) is an essential component of steel production through the electric arc furnace (EAF) method. After five years of downcycle, the demand for graphite electrode started emerging in 2016 with the increased production of steel through the EAF method. • The penetration of EAF-based steel production is expected to be stable in the foreseen future, because of high awareness of the developed economies towards environmentally friendly technologies. • The role of China and India in the production of EAF steel is going to be consequential in the coming years as the current penetration of EAF steel production in both countries are lower than the developed countries but will rise at a greater pace in the coming years. This will imprint a significant upward trend to the demand for graphite electrodes in the coming five years. • The market’s supply chain is extremely dynamic with a tight supply of raw materials (petroleum needle coke) as well as graphite electrode coupled with the consistent increase in the EAF steel production. • The preference of lithium-ion battery in the increasing production of electric vehicles further takes the supply crunch to the next level. Petroleum needle coke is an essential raw material for the production of the lithium-ion battery.
Market Insights • By Product type • UHP is expected to remain the most dominant as well as the fastest-growing electrode type during the forecast period. • Higher durability, higher thermal resistance, and superior quality are some of the properties that are propelling the demand for UHP graphite electrode, especially in the steel industry. • By Application type • The graphite electrodes market for the metal industry is segmented as steel, silicon metal, and aluminum. • Steel is currently dominating the graphite electrode market and is expected to maintain its dominance during the forecast period. • There has been a continuous increase in the production of EAF steel worldwide, which is the prime driver of the demand for graphite electrode. • For instance; in China, the share of steel production through EAF increased from 6% in 2016 to 9% in 2017 (still below the global average of 46% excluding China). • By Region • Asia-Pacific is expected to remain the largest graphite electrode market for the metal industry during the forecast period.
Competitive Insights • Development of Graphite Electrode Market for the Metal Industry, regional expansion, and execution of mergers & acquisitions are the key strategies adopted by the major players to gain a competitive edge in the market. • Key Companies Analysed • Showa Denko K.K. • GRAFTech International • Graphite India Limited (GIL) • HEG Ltd. • Tokai Carbon Co., Ltd. • Energoprom • FangdaCarbon New Material Co. Ltd. • Sangraf International • SEC Carbon, Limited • Nippon Carbon
Data Analysis (Top Down and Bottom Up Approach) Research Methodology Data Triangulation (Data Evaluation and Multiple Data Triangulation) Final Deliverables (Final Report with All Findings) Stratview Research follows a rigorous methodology with high emphasis on primary research and multiple ways of data triangulation. We conduct primary research across the value chain to provide 360 degree view of the market. • Secondary Research • Stratview Research Internal Knowledgebase Primary Research • Annual Reports / Fact Book • Company Websites • Magazines / Publications • Press Releases & Journals • Industry News • Association Articles • Government Documents • Social Media • Others • Robust database across value chain • In-house industry veterans as advisors • Project based subject matter experts • Industry Players • Industry Experts • Suppliers • Customers • Associations • Government Institutions • Others
Report Features • This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights on the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report: • Market structure: Overview, industry life cycle analysis, supply chain analysis. • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis. • Market trend and forecast analysis. • Market segment trend and forecast. • Competitive landscape and dynamics: Market share, product portfolio, product launches, etc. • Attractive market segments and associated growth opportunities. • Emerging trends. • Strategic growth opportunities for the existing and new players. • Key success factors.
Market Segmentation • Graphite Electrode Market for the Metal Industry, By Product Type • Ultra-high Power (UHP) • High Power (HP) • Regular Power (RP) • Graphite Electrode Market for the Metal Industry, By Application Type • Steel Production • Silicon Metal Production • AluminumProduction • Graphite Electrode Market for the Metal Industry, By Region • North America • Europe • Asia-Pacific • Rest of the World
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