Dublin, March 28, 2024 (GLOBE NEWSWIRE) -- The "Graphite Electrodes - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering. The global market for Graphite Electrodes estimated at US$12.3 Billion in the year 2023, is projected to reach a revised size of US$18.2 Billion by 2030, growing at a CAGR of 5% over the analysis period 2023-2030. Ultra-High Power Graphite Electrodes, one of the segments analyzed in the report, is projected to record 5.4% CAGR and reach US$12.7 Billion by the end of the analysis period. Growth in the High Power Graphite Electrodes segment is estimated at 4.5% CAGR for the next 8-year period. The Graphite Electrodes market in the U.S. is estimated at US$1.8 Billion in the year 2023. China, the world's second largest economy, is forecast to reach a projected market size of US$3.3 Billion by the year 2030 trailing a CAGR of 5.8% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.6% and 3.8% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 4.6% CAGR.
Key Market Trends & Drivers: Custom Graphite Molds For Metal
Iron & Steel Production Patterns Influence the Market Demand
Steel Scrap Availability: Another Major Influencing Factor
Graphite Electrode: Primary Input for Electric Arc Furnace Steel Making
EAFs Remain Primary Consumer of Graphite Electrodes
Increased Demand for High-Quality Steel
Prominent Role of Automotive Industry in Market Growth
Increasing Use of Graphite in Lithium-Ion Batteries
Supply Bottlenecks & Skyrocketing Prices of Graphite Electrodes
High Demand & Limited Inventory: Factors Behind Price Rally
Easing of Graphite Electrode Prices in Sight
Industry-Wide Applications of Carbon Products
The report features profiles of 30+ featured companies. A selection of companies in the report includes:
Estimated Market Value (USD) in 2023
Forecasted Market Value (USD) by 2030
Key Topics Covered: I. METHODOLOGY II. EXECUTIVE SUMMARY 1. MARKET OVERVIEW
Global Graphite Electrodes Market to Grow at Decent Pace despite Challenges
Trends in EAF Steel Production: A Key Factor Dictating Demand for Graphite Electrodes
Production Cost of Graphite electrodes - Percentage Breakdown of Cost by Component
Ultra-High Power Graphite Electrode Witnesses High Demand
World Graphite Electrodes Market by Electrode Type (2020 & 2027): Percentage Breakdown of Sales for Ultra-High Power, High Power, and Regular Power
Steel Manufacturing Application Dominates Graphite Electrodes Market
World Graphite Electrodes Market by Application (2020 & 2027): Percentage Breakdown of Sales for Steel, Silicon Metal, and Other Applications
Led by China, Asia-Pacific Holds Dominant Position in Graphite Electrodes Market
World Graphite Electrodes Market by Region (2020 & 2027): Percentage Breakdown of Sales for Developed and Developing Regions
Global Graphite Electrodes Market - Geographic Regions Ranked by Value CAGR for 2020-2027
Graphite Electrodes - Global Key Competitors Percentage Market Share in 2023 (E)
Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2023 (E)
Global Production of Crude Steel (2019): Percentage Breakdown by Method of Production
Steel Production by Manufacturing Process in Select Countries (2019)
World Automobile Production in Million Units: 2008-2022
Carbon and Graphite: Product Overview
Industry-Wide Applications of Carbon Products
Features, Sources and Classification of Graphite
Standard Properties of Graphite Electrodes (Room Temperature Values)
IV. COMPETITION For more information about this report visit https://www.researchandmarkets.com/r/o96pp3
Graphite Making About ResearchAndMarkets.com ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.