Graphite Electrode Market Research Report and Forecast up to 2025 Graphite Electrode Market - Global Industry Analys | Page 2

expansion (CTE), and low electrical resistivity are expected to drive the expansion of
the graphite electrode market significantly during the forecast period. Vendors and
manufacturers are investing in R&D in order to develop new technological
advancements such as cardiology electrodes and dry electrodes, which are also key
factors that are contributing to the expansion of the market. Launching of these
modern technologies in emerging markets such as Brazil, India, and China are
acting as opportunities for key players of the graphite electrode market. Other types
of electrodes, such as carbon electrodes, are acting as a threat and substitute for
graphite electrodes in the market. The usage of graphite electrode has increased
due to rigorous competition in the steel industry. This, in turn, is propelling the
demand for graphite electrodes in the market.
Asia Pacific is the dominant market for graphite electrodes followed by North
America. APAC is a rapidly expanding market for graphite electrode. North America
is the second leading market in terms of market share, and the U.S. and Canada are
among the leading contributors in the region. In Asia Pacific, Japan and China are
the leading contributors. Major expansion of the automotive industry is driven by
the markets in China, U.S., Brazil, India, and Japan.
The global graphite electrode market is a fragmented market with many established
players. Major players in the market are Showa Denko Carbon, GrafTech
International, SGL Carbon, Graphite India, Nippon Carbon, HEG, Kaifeng Carbon,
Nantong Yangzi Carbon, Schutz Carbon Electrodes, and Tokai Carbon.
The report offers a comprehensive evaluation of the market. It does so via in-depth
qualitative insights, historical data, and verifiable projections about market size. The
projections featured in the report have been derived using proven research
methodologies and assumptions. By doing so, the research report serves as a
repository of analysis and information for every facet of the market, including but
not limited to: Regional markets, technology, types, and applications.
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