To request a free sample copy of this report, please complete the form below.
What people say about us!

"We have purchased recently a report from SkyQuest Technology, and we are happy to inform you that this report was so useful and practical for our team. Skyquest Team was very active and our queries were followed up completely.It was amazing. "

- Mr. Ali Zali, Commercial Director, ICIIC Iran.

logos logos logos logos logos
Analyst Support
Want to customize this report?

Our industry expert will work with you to provide you with customized data in a short amount of time.



Graphite Electrode Market size was valued at USD 3.2 billion in 2021 and is poised to grow from USD 3.43 billion in 2022 to USD 5.85 billion by 2030, growing at a CAGR of 7.45% in the forecast period (2023-2030).

The market for graphite electrodes is moderately fragmented. The businesses in the graphite electrodes market strive to boost their earnings through strategic partnerships, investments, and R&D initiatives. The market participants for graphite electrodes are also concentrating on leaving their imprint on the industrial sector. R&D operations also aid in the creation of novel formulations and tactics. The participants are also engaging in partnerships, joint ventures, mergers, and acquisitions. 'Graphite India Limited', 'HEG Limited', 'Showa Denko K.K.', 'Nippon Carbon Co., Ltd.', 'Tokai Carbon Co., Ltd.', 'GIL Automations', 'SGL Carbon SE', 'Fangda Carbon New Material Co., Ltd.', 'Kaifeng Carbon Co., Ltd.', 'Jilin Carbon Import and Export Company Limited', 'Yangzi Carbon Co., Ltd.', 'Datong Carbon Corporation', 'JSC "Ukrgrafit"', 'SEC Carbon, Ltd.', 'Toyo Tanso Co., Ltd.', 'Mersen SA', 'EPM Group', 'Carbone Savoie', 'IBIDEN Co., Ltd.', 'Zhongping Energy & Chemical Group Co., Ltd.'

Rising demand for high quality steel

The global market for graphite electrodes is expected to develop as a result of consumers' growing preference for EAF. EAF steel manufacturing is the main application for them. Electric furnaces are becoming more popular with steel producers as a result of benefits like inexpensive startup costs, more production flexibility, and reduced carbon dioxide emissions. The demand for steel manufacturing will develop significantly throughout the projected period because of the increasing environmental and financial benefits of EAF, which will support the expansion of the market. The effectiveness is closely correlated with the quantity of raw materials required for steel production. They can be utilized for non-ferrous metal smelting operations and steel refinement in addition to EAF steel production. Due to its performance and cost advantages, EAF is being increasingly preferred over ladle and blast furnaces, which will accelerate the expansion of the worldwide graphite electrode market over the course of the forecast period.

Based on the region, the Asia Pacific region currently dominates the global graphite electrode market and is expected to maintain its dominance over the forecast period. The main markets for graphite electrodes in Asia Pacific are China, India, and Japan. Over the course of the projected period, increased demand for high-quality steel will support the expansion of the graphite electrode market in APAC. In order to help vendors, create effective business plans, this market research report includes comprehensive information on the competition intelligence, marketing gaps, and geographical prospects available to them.

Feedback From Our Clients

Global Graphite Electrode Market

Product ID: SQSG15J2004