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Oct 1, 2020 10:25 AM ET

Graphite Electrode Market is Projected to Reach $11,356.4 million, At a CAGR Of 9.9% According To Global Forecast To 2027: EPM Group, GRAFTECH INTERNATIONAL, HEG Limited, Kaifeng Carbon

Graphite Electrode M

iCrowd Newswire - Oct 1, 2020

Graphite electrode, which is primarily used in steel production via Electronic Arc Furnace (EAF), saw a massive wave in its prices in the past one year. This was due to an unexpected divergence in the demand-supply dynamics. In the last 4-5 years, the global graphite electrode industry reeled from overcapacity. This led to weak graphite electrode prices as the demand, which depends on steel production through the EAF route, was down due to slow demand growth, excessive supply from China, and higher EAF steel production cost as opposed to Basic Oxygen Furnace (BOF) route.

In terms of revenue, the global graphite electrode market was valued at US$ 6,564.2 million in 2019 and is expected to reach US$ 11,356.4 million by 2027 with a CAGR of 9.9% from 2020 to 2027.

Graphite Electrode Market provides a bird’s eye view of the current proceeding within the Graphite Electrode market. Further, the report also takes into account the impact of the novel COVID-19 pandemic on the Graphite Electrode market and offers a clear assessment of the projected market fluctuations during the forecast period. The different factors that are likely to impact the overall dynamics of the Graphite Electrode market over the forecast period (2020-2027) including the current trends, growth opportunities, restraining factors, and more are discussed in detail in the market study.

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The key companies profiled in the Graphite electrode market include EPM Group, GRAFTECH INTERNATIONAL LTD, Graphite India Limited, HEG Limited, Kaifeng Carbon Co., Ltd, Nantong Yangzi Carbon Co., Ltd, Nippon Carbon Co Ltd., SANGRAF Intl., SHOWA DENKO K.K, and Tokai Carbon Co., Ltd.. Limited players are functioning in the market worldwide, contributing less significant revenue shares year on year.

The Graphite electrode market operates in a highly fragmented and competitive marketplace. As leading companies in this market continue to broaden its addressable market, by expanding its current offerings, diversifying its client base, all the prominent players face an increasing level of competition. Several companies in the market are developing new products in order to maintain their position in the market and provide efficient products to their customers. For instance, in October 2018, Nippon Suisan Kaisha, Ltd. announced that the company entered into an agreement with Seafarms Group Ltd. (SFG) to acquire 14.99% of its outstanding issued share by the issue of new shares for US$25 million.

Graphite Electrode Market: Regional analysis includes:

However, the supply and demand witnessed a significant shift by June 2017, with the market demand exceeding the supply, mostly in China. An abrupt change in the industry’s fortune was primarily driven by China’s environmental control policy, which led to a phase-out of old, less efficient and polluting units (across industries). The rule hit China’s steel and graphite electrode manufacturing companies, and approximately 170 million tonnes of steel capacity (~15% of China’s total installed capacity) and nearly 200,000 tonnes of graphite electrode manufacturing capacity sealed during the period 2016-2017. This had a significant impact on the global graphite electrode industry.

Reasons to Purchase Graphite Electrode report is:

Note: Access insightful study with over 150+ pages, list of tables & figures, profiling 20+ companies.

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The research study can answer the following Key questions:

  1. What will be the progress rate of the Graphite Electrode Market for the conjecture period, 2020 – 2027?
  2. What are the prominent factors driving the Graphite Electrode Market across different regions?
  3. Who are the major vendors dominating the Graphite Electrode industry and what are their winning strategies?
  4. What will be the market scope for the estimated period?
  5. What are the major trends shaping the expansion of the industry in the coming years?
  6. What are the challenges faced by the Graphite Electrode Market?

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