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Global graphite electrode market size is expected to reach $11.5 Bn by 2028 at a rate of 7.4%, segmented as by electrode grade, ultra high power (uhp), high power (shp), regular power (rp)<br>
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Graphite Electrode Global Market Report 2023 Market Size, Trends and Global Forecast 2023-2032
Graphite Electrode Market Segments The Business Research Company segments it’s Graphite Electrode market report as: Ultra High Power (UHP), High Power (SHP), Regular Power (RP) By Electrode Grade Steel Manufacturing, Silicon Metal Manufacturing, Steel Refining, Smelting Processes, Ferroalloy Production, Non Ferrous Metals Production, Lithium Ion Batteries Production, Other Applications By Application By End Use Industry Automotive, Appliances, Construction, Machinery, Transportation, Aerospace And Defense, Oil And Refinery, Other End Users
Market Statistics The graphite electrode market size has grown strongly in recent years. It will grow from $8.01 billion in 2023 to $8.65 billion in 2024 at a compound annual growth rate (CAGR) of 8.0%. The graphite electrode market size is expected to see strong growth in the next few years. It will grow to $11.5 billion in 2028 at a compound annual growth rate (CAGR) of 7.4%. Click Here To Get A Sample Report
Key Market Drivers And Trends • Drivers The rising demand for high-quality steel is expected to propel the growth of the graphite electrodes market going forward. Trends Technological advancements are a key trend gaining popularity in the graphite electrodes market. • Region Asia-Pacific was the largest region in the graphite electrodes market in 2023 and it is expected to be the fastest-growing region in the forecast period. The regions covered in the graphite electrode market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Market Players • Major players in the Graphite Electrode market are: • Resonac Holdings Corporation • IBIDEN co. Ltd • Tokai Carbon Co. Ltd • GrafTech International Holdings Inc • SGL Carbon SE • And more. Get More Information On The Graphite Electrode Market Report
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