Graphite Electrodes Market Forecast, Trends and Industry Analysis, 20 Graphite Electrodes Market | Page 2

Metallurgy segment garnered the highest share in the global market,
owing to the growth of steel- oriented sectors
The growth of steel- oriented sectors such as construction, automotive, infrastructure,
aerospace & defense, and many others has led to a surge in the consumption and
production of steel. Now a days, manufacturers have opted for electric arc furnaces
(EAF) for manufacturing steel, which requires graphite electrodes as a main
component. Being a prerequisite of steel manufacturing process or smelting process
via EAF route, the demand for graphite electrodes is linked to the demand for EAF.
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