Graphite Electrode Market Research Report and Forecast up to 2025 Graphite Electrode Market - Global Industry Analys

Graphite Electrode Market - Global Industry
Analysis, Size, Share, Growth, Trends, and
Forecast 2017 - 2025
A graphite electrode is defined as an electrode that is employed to offer high level
of electrical conductivity and the capability to sustain extremely high level of
dissipated heat. Graphite electrodes are primarily utilized in the manufacturing of
electric arc furnace (EAF) steel and refinement of steel, and the equivalent smelting
process. Moreover, they are employed in gouging operations and rectifying defects
in weldments (weldings) and castings by gas or arc process. Graphite electrodes are
extensively utilized in all industrial domains. The graphite electrode market can be
segmented into type, applications, end-user industry, and geography.
In terms of type, the graphite electrode market can be segmented into high power
(HP) graphite electrode, ultra high power (UHP) graphite electrode, and regular
power (RP) graphite electrode. Additionally, in terms of applications, the market can
be segmented into scrap requirement, burner/oxygen usage, fume control system,
slag practice, power level, meltdown/refine/tap-to tap time, furnace design,
charging practice, and water spray rings, among others. In terms of geography, the
market can be segmented into Asia Pacific (APAC), Europe, North America, South
America, and Middle East & Africa (MEA).
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electrode-market.html
Significant developments in high growth sectors are opportunities that
manufacturers explore to start new ventures, and this contributes to the expansion
of the graphite electrode market. Continuous increase in the demand for steel in
infrastructure and construction is anticipated to be a dominant factor contributing to
the expansion of the graphite electrode market. Expansion of end-user industries
such as steel and aerospace are likely to be key drivers for expansion of this market.
Mechanical machinery, automotive, and infrastructure and construction industries
are the primary consumers of steel. This, in turn, has been driving the demand for
steel for many years. The infrastructure and construction sector, that holds a major
share of world steel consumption, is estimated to expand rapidly. Similarly,
automotive and mechanical machinery industries are anticipated to expand
considerably during the forecast period. This, in turn, is estimated to lead to a
regular increase in demand for steel in the near future, thereby boosting the
expansion of the graphite electrode market. Several characteristics such as high-
temperature resistance, ultra-high bending resistance, coefficient of thermal