Graphite electrode market global analysis report

DUBLIN, NOV. 30, 2020 
the ”graphite electrode market forecast to 2027 – covid-19 impact and global analysis by product type (high power, ultra high power, regular power); Application (electric arc furnace, ladle furnace, others), and geography” report has been added to’s offering.

The market was valued at us$ 6,564.2 million in 2019 and is projected to reach us$ 11,356.4 million by 2027;

It is expected to grow at a cagr of 9.9% from 2020 to 2027.
graphite electrode is an essential component of steel production via the electric arc furnace (eaf) method. after a severe five-year down cycle, graphite electrode demand started billowing in 2019, along with eaf steel production. with the world more environmentally conscious and developed countries more protectionist, the publisher anticipates stable growth in eaf steel production and graphite electrode demand from 2020-2027.

The market should remain tight on limited graphite electrode capacity addition.

Currently, the global market is dominated by the asia pacific region accounting for 58% of the global market collectively. the high demand for graphite electrodes from these countries is attributed to the steep rise in crude steel production. as per the world steel association, in 2018, china and japan produced 928.3 and 104.3 million tonnes of crude steel respectively. 

In apac, electric arc furnaces have a significant demand due to rising steel scrap and increase in electrical energy supply in china. The growing market strategies by various companies in apac is encouraging the growth in the graphite electrode market in the region.
several steel suppliers in the north american region are highly focused on investing in steel production projects. in march 2019, steel suppliers in the us – including steel dynamics inc., us steel corp., and arcelormittal – invested us$ 9.7 billion in total to boost their capacity to cater to the countrywide demand. 

Post time: Dec-28-2020