Press release
Graphite Electrode Market Trends, Size, Strategies, Scope By 2024-2033
Graphite Electrode Market
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%. The growth in the forecast period can be attributed to geopolitical factors and trade policies, stricter environmental regulations, supply chain resilience and localization, continued shift to eaf steelmaking, infrastructure and construction projects.. Major trends in the forecast period include shift towards long-term contracts, market consolidation and strategic partnerships, diversification in end-use industries, growing importance of recycling..
Market Overview -
A graphite electrode is a type of electrode made from graphite, a form of carbon. It is used in various industrial applications, primarily in electric arc furnaces (EAFs) for steelmaking. Graphite electrodes are designed to conduct electricity and generate high levels of heat through an electric arc, which melts raw materials and facilitates the production of steel and other metals.
Download Free Sample of Report -
https://www.thebusinessresearchcompany.com/sample.aspx?id=12060&type=smp
The Surge In Demand For High-Quality Steel Fuels Graphite Electrodes Market
The rising demand for high-quality steel is expected to propel the growth of the graphite electrodes market going forward. High-quality steel refers to steel that meets stringent standards in terms of its composition, physical properties, and performance. It is made from carefully selected raw materials, undergoes advanced manufacturing processes to remove impurities, and is often alloyed with elements to enhance its properties. Graphite electrodes are essential components in electric arc furnaces (EAFs) used for steel production. EAFs are widely used in steel production, especially to produce specialty and high-quality steels. For instance, in April 2023, according to World Steel Association, a Belgium-based trade association, 2023, steel demand is predicted to rebound by 2.3% reaching a total of 1,822.3 million metric tons (Mt). The forecast for 2024 indicates further growth of 1.7% in steel demand, with a projected total of 1,854.0 million metric tons (Mt). Therefore, the rising demand for high-quality steel is driving the growth of the graphite electrodes market.
Competitive Landscape -
Major companies operating in the graphite electrode market report are Resonac Holdings Corporation, IBIDEN co. Ltd., Tokai Carbon Co. Ltd., GrafTech International Holdings Inc., SGL Carbon SE, Mersen SA, Fangda Carbon New Material Co. Ltd., Beijing Great Wall Co. Ltd., Graphite India Limited, Toyo Tanso Co. Ltd., HEG Limited, Asbury Graphite Mills Inc., Nippon Carbon Co. Ltd., SEC Carbon Ltd., EPM Group S.A., Beijing Great Wall Co. Ltd., Kaifeng Carbon Co. Ltd., Weaver Industries Inc., SANGRAF International, Ameri-Source Specialty Products, Mercer Gasket and Shim, Nantong Yangzi Carbon Co. Ltd., Coidan Graphite Products Ltd, Dan Carbon, Ukrainskiy Grafit, Kaifeng Pingmei New Carbon Materials Technology Co. Ltd.
Technological Wave Reshaping Graphite Electrodes Industry
Technological advancements are a key trend gaining popularity in the graphite electrodes market. Companies operating in the graphite electrode market are adopting recent technologies to sustain their position in the market. For instance, in March 2022, Battrion AG, a Switzerland-based battery technology company, along with its partner Jagenberg Converting Solution GmbH, a Germany-based machine and equipment manufacturer unveiled Battrions Aligned Graphite Technology for the lithium-ion battery. Aligned Graphite Technology is an innovative fabrication technology for lithium-ion batteries. It improves the microstructure of negative electrodes, resulting in enhanced battery performance and faster charging capabilities. The technology lowers cell resistance, leading to more efficient charge and discharge processes. It offers cost savings in battery production and is compatible with standard graphite materials, requiring no modifications to existing manufacturing processes. The performance benefits have been validated by leading automotive OEMs and cell manufacturers. Aligned Graphite Technology has the potential to revolutionize the EV and high-power battery industry by improving energy storage and optimizing battery manufacturing.
Browse Full Report @
https://www.thebusinessresearchcompany.com/report/graphite-electrode-global-market-report
Key Segments -
The graphite electrode market covered in this report is segmented -
1) By Electrode Grade: Ultra High Power (UHP), High Power (SHP), Regular Power (RP)
2) By Application: Steel Manufacturing, Silicon Metal Manufacturing, Steel Refining, Smelting Processes, Ferroalloy Production, Non Ferrous Metals Production, Lithium Ion Batteries Production, Other Applications
3) By End Use Industry: Automotive, Appliances, Construction, Machinery, Transportation, Aerospace And Defense, Oil And Refinery, Other End Users
Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
Want To Know More About The Business Research Company?
The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialise in various industries including manufacturing, healthcare, financial services, chemicals, and technology.
Global Market Model - World's Most Comprehensive Database
The Business Research Company's flagship product, Global Market Model (www.thebusinessresearchcompany.com/global-market-model) is a market intelligence platform covering various macroeconomic indicators and metrics across 60 geographies and 27 industries. The Global Market Model covers multi-layered datasets which help its users assess supply-demand gaps
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Graphite Electrode Market Trends, Size, Strategies, Scope By 2024-2033 here
News-ID: 3472487 • Views: …
More Releases from The Business research company
Customized Premixes Market Share, Opportunities Analysis, Recent Trends, Regiona …
The customized premixes market size has grown strongly in recent years. It will grow from $1.86 billion in 2023 to $2.01 billion in 2024 at a compound annual growth rate (CAGR) of 7.7%. The growth in the historic period can be attributed to increase in health awareness, change in dietary patterns, rise in disposable income, aging population, rise in nutrition deficiencies.
The customized premixes market…
Custom T-Shirt Printing Market Size, Regional Overview, Competitive Landscape, B …
The custom t-shirt printing market size has grown rapidly in recent years. It will grow from $7.46 billion in 2023 to $8.22 billion in 2024 at a compound annual growth rate (CAGR) of 10.2%. The growth in the historic period can be attributed to customization and personalization trend
growth of e-commerce and online printing platforms, increased promotional and marketing activities, increased apparel and fashion industry collaboration, cultural and social…
Cryogenic Pump Market Size, Share , Latest Trends, Key Players And Forecast To 2 …
The cryogenic pump market size has grown strongly in recent years. It will grow from $2.27 billion in 2023 to $2.42 billion in 2024 at a compound annual growth rate (CAGR) of 6.4%. The growth in the historic period can be attributed to growth in industrial gas applications (e.g., lng, lpg, liquid nitrogen), expansion of the healthcare and medical gases market, increased demand for cryogenic equipment…
Cryogenic Equipment Market Growth Statistics, Regional Analysis, Top Players, Si …
The cryogenic equipment market size has grown strongly in recent years. It will grow from $14.44 billion in 2023 to $15.85 billion in 2024 at a compound annual growth rate (CAGR) of 9.7%. The growth in the historic period can be attributed to increased industrial gas demand, increased need for energy storage and distribution, healthcare and medical applications, space exploration, and energy efficiency.
The cryogenic equipment market size is…
More Releases for Graphite
Graphite Granular and Powder Market will reach at $ 23.3 mn by 2032,Haida Graphi …
New Jersey (United States) - Graphite Granular and Powder Market research is an intelligence report with meticulous efforts undertaken to study the right and valuable information. The data which has been looked upon is done considering both, the existing top players and the upcoming competitors. Business strategies of the key players and the new entering market industries are studied in detail. Well explained SWOT analysis, revenue share and contact information…
Amorphous Graphite Market 2020 Precise Outlook – South Graphite, Botai Graphit …
Global Amorphous Graphite Market Growth 2020-2025
The report will make detailed analysis mainly on in-depth research on the development environment, Market size, development trend, operation situation and future development trend of Amorphous Graphite Market on the basis of stating current situation of the industry in 2020.
SPECIAL OFFER (Avail a Up-to 20% discount on this report)
Request a Sample Report:
https://www.marketinsightsreports.com/reports/07292190048/global-amorphous-graphite-market-growth-2020-2025/inquiry?source=OPENPR&Mode=NG23
…
Comprehensive Analysis on Expandable Graphite Market Size with Key Players: SGL …
The ‘Expandable Graphite market’ research collated by Market Study Report, LLC, offers a comprehensive analysis of growth trends prevailing in the global business domain. This report also provides definitive data concerning market, size, commercialization aspects and revenue forecast of the industry. In addition, the study explicitly highlights the competitive status of key players within the projection timeline while focusing on their portfolio and regional expansion endeavors.
Global Expandable Graphite market size…
Expandable Graphite Market Report 2018 Companies included SGL Group, Xincheng Gr …
We have recently published this report and it is available for immediate purchase. For inquiry Email us on: jasonsmith@marketreportscompany.com *********
This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in terms of volume, revenue, YOY growth rate, and CAGR for the year 2018 to 2025, etc. The report also provides…
Rapid Growth of Graphite Market | Global Key Companies - South Sea Graphite, Hai …
“Global Graphite Market Research Report 2018” report provides the newest industry data and industry future trends, allowing you to identify the products and end users driving Revenue growth and profitability. The industry report lists the leading competitors and provides the insights strategic industry Analysis of the key factors influencing the market.
Global Graphite Market Overview:
The report spread across 117 pages is an overview of the Global Graphite Market Research Report 2018.…
Global Graphite Mine Market 2018- First Graphite, Focus Graphite, Alabama Graphi …
Apex Market Reports, recently published a detailed market research study focused on the "Global Graphite Mine Market" across the global, regional and country level. The report provides 360° analysis of "Global Graphite Mine Market" from view of manufacturers, regions, product types and end industries. The research report analyses and provides the historical data along with current performance of the Global Graphite Mine industry, and estimates the future trend of Global…
