Graphite Electrodes Market Forecast, Trends and Industry Analysis, 20 Graphite Electrodes Market | Page 3

China Accounted For The Largest Market Share For Global Graphite
Electrodes Market, Owing To The High Steel Production
China held nearly 38% market share, in terms of production, of the global
market. It is expected to continue its dominance during the forecast period
as well. According to World Steel Association, China is the largest steel
producer of the world, holding more than 40% of the production share.
Moreover, it is among the top five car manufacturing countries in the
world, leading to the growth of graphite electrode market in this region.
However, the increasing concerns of Chinese government on
environmental conditions is expected to have an impact on the market
growth in this region.
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