China was the largest producer of graphite electrodes and grow with highest CAGR of 4.3% during the forecast period of 2017-2024

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The global graphite electrode market is an oligopolistic market, with no new entrants functioning in the industry since recent past. The graphite electrode market is facing a declining growth trend due to the possession of core technology by only a handful of players.





It is solely a technology sensitive and capital-intensive market. The demand of graphite electrodes is majorly dependent on its application in manufacturing steel through smelting by using an electric arc furnace (EAF). Steel manufacturers are shifting towards electric arc furnace over the blast furnaces, owing to the advantages offered by EAF such as low cost of establishment, higher production flexibility, and low CO2 emissions.

Some prominent market players are SGL Group, GrafTech, Fangda Carbon, Showa Denko K.K, Jilin Carbon, Tokai Carbon, Nippon Carbon, Graphite India Limited (GIL), HEG Limited, Yangzi Carbon, and Kaifeng Co., Ltd. The market giants are adopting mergers & acquisitions and capacity upgrades as their growth strategies, in order to magnify their presence in the global market. In 2016, a Japan based market giant, Showa Denko acquired Germany based SGL Group at an estimated value of 350 million euros.

The acquisition was strategized with an aim to expand business reach in the US, Japan, and Europe, along with the reduction in fixed costs and integration of supply chain.

GLOBAL GRAPHITE ELECTRODES MARKET SEGMENTATION

By Type

Regular power graphite electrode
High power graphite electrode
Ultra-high power graphite electrode

By Application

Metallurgy
Chemistry
National Defense

By Geography

North America
China
South East Asia
Europe
India
Japan
South America
Middle East

KEY MARKET PLAYERS

SGL Group
GrafTech
Fangda Carbon
Showa Denko K.K
Jilin Carbon
Tokai Carbon
Nippon Carbon
Graphite India Limited (GIL)
HEG Limited
Yangzi Carbon
Kaifeng Co., Ltd

For more inquiry contact our sales team at contact@aarkstore.com

Related Reports:

Global Synthetic Graphite Market Research Report 2018

Global Artificial Graphite Market Research Report 2018

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