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Graphite electrodes offer excellent thermal resistance and high current carrying capacity which makes them a
suitable choice in electric arc furnaces (EAF) steel, refinement of steel and similar smelting processes. Besides
EAF and LF, graphite electrodes are also used for electrolytic aluminum smelting and electrical discharge
machining (EDM). The development of these non-steel applications is also anticipated to provide an
opportunity for market growth over the forecast period.
Ultra-high power graphite electrode is expected to grow at the highest volume CAGR of 4.1% over the
forecast period. Despite the high price of the product, the demand for these products is anticipated to be
high in line with the rising demand for superior steel quality in various niche applications within the
aerospace, automotive and electronics sectors.
A specially prepared flux pitch used in graphite electrodes helps to increase the durability and densit y of the
final product. Ultra-high bending resistance, low electrical resistivity, and high-temperature resistance
properties will increase the demand for UHP graphite electrode over the forecast period. In compliance with
the driving factors, companies are focusing on mergers & acquisitions and capacity upgrades to expand their
presence in global market. For instance, in January 2014, Kaifeng Carbon Co., Ltd.’s completed its Phase II
expansion and can produce 50,000 tons of UHP graphite electrodes.
Hexa Research has segmented the global graphite electrode market based on product, application and
region:
Segmentation by Product, 2014 - 2024 (Kilo Tons) (USD Million)
• Ultra-high power (UHP)
• High power (HP)
• Regular power (RP)
Segmentation by Application, 2014 - 2024 (Kilo Tons) (USD Million)
• Electric Arc Furnace (EAF)
• Ladle Furnace (LF) & Others
Segmentation by Region, 2014 - 2024 (Kilo Tons) (USD Million)
• North America
• Mexico
• Europe
• France
• Asia Pacific
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