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Exclusive Report on Graphite Electrode Market 2019 | Industry Drivers, Business Plans, Types, Applications, Challenges, Opportunities and Latest Trends Forecast to 2024

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The “Graphite Electrode Market” research report 2019 delivers comprehensive information about the market ranging from the establishment to the predictable growth trend. Graphite Electrode market report provides brief analytical data of the market contenders globally using advanced methodological approaches, such as SWOT analysis, production chain, cost, sales margin, financial details, recent developments. Graphite Electrode market report also offers market competitors that includes detailed company profiles along with company product specifications.

Market Overview:

  • The market for graphite electrode is anticipated to register a CAGR of 4.46% during the forecast period (2019-2024). The primary raw material used for the production of graphite electrode is needle coke (either petroleum-based or coal-based).
  • – Rising production of iron and steel in emerging countries, and rising availability of steel scrap in China, thereby increasing the usage of electric arc furnaces, are expected to drive the demand for the market, during the forecast period.
  • – Soaring prices of needle coke, resulting in supply tightness, among other restraints, such as limited growth of UHP graphite electrode in China and consolidation of graphite electrode industry, are likely to hinder the market growth.
  • – Rising production of steel through electric arc furnace technology in China is expected to act as an opportunity for the market in the future.<

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    In Graphite Electrode Market Report, Following Companies Are Covered:

  • ENERGOPROM Group
  • Fangda Carbon New Material Technology Co. Ltd
  • GrafTech International
  • Graphite India Limited
  • HEG Limited
  • Jilin Carbon Co. Ltd
  • Kaifeng Carbon Co. Ltd
  • Nantong Yangzi Carbon Co. Ltd
  • Nippon Carbon Co. Ltd
  • SANGRAF International Inc.
  • SEC CARBON LIMITED
  • SHOWA DENKO KK
  • Tokai Carbon Co. Ltd

    Graphite Electrode Market 2019 report will help the industry aspirants in arranging their strategies. The measurements offered in this report will be an exact and helpful manual to shape the business development. Additionally, will Provide historical data along with a future forecast and detailed analysis and also expected opportunities.

    Scope of the Report:

  • This report studies the global Graphite Electrode market size, industry status and forecast, competition landscape and growth opportunity.

    Reasons for Buying Graphite Electrode Market Report:

    • This report provides pin-point analysis for changing competitive dynamics
    • It provides a forward looking perspective on different factors driving or restraining market growth
    • It provides a five-year forecast assessed on the basis of how the market is predicted to grow
    • It helps in understanding the key product segments and their future
    • It provides pin point analysis of changing competition dynamics and keeps you ahead of competitors
    • It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of market segments

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    Key Market Trends:

    Increasing Production of Steel through Electric Arc Furnace Technology

    – Electric arc furnace takes steel scrap, DRI, HBI (hot briquetted iron, which is compacted DRI), or pig iron in solid form, and melts them to produce steel. In the EAF route, electricity provides power to melt the feedstock.
    – Graphite electrode is primarily used in the electric arc furnace (EAF) steelmaking process, to melt steel scrap. Electrodes are made of graphite, due to its ability to withstand high temperatures. In EAF, the tip of the electrode can reach 3,000º Fahrenheit, which is half the temperature of the surface of sun. The size of electrodes varies widely, from 75mm to as large as 750mm in diameter, and up to 2,800mm in length.
    – The price surge of graphite electrodes pushed up EAF mills’ costs. An average EAF is estimated to consume approximately 1.7 kg of graphite electrodes to produce one metric ton of steel. The prices of graphite electrodes have witnessed growth by more than 700% from 2017, in China.
    – The price surge is attributed to industry consolidation, globally, capacity shutdown in China, following environmental regulation, and the growth of EAF production, globally. This is estimated to increase the production cost of EAF by 1-5%, depending on mill’s procurement practices, which is likely to restrict steel production, as there is no substitute for graphite electrode in EAF operations.
    – Additionally, China’s policies to tackle air pollution have been reinforced by strong supply curbs for not only the steel sector, but also coal, zinc, and other sectors that generate particulate pollution. As a result, the Chinese steel production has drastically declined over the past years. However, this is expected to have a positive impact on steel prices and steel mills in the region, allowing them to enjoy better margins.
    – The aforementioned factors are expected to drive the market, during the forecast period.

    Asia-Pacific Region to Dominate the Market

    – The Asia-Pacific region dominated the market share in 2018. China occupies the largest share, in terms of the consumption and production capacity of graphite electrodes in the global scenario. China has produced nearly 520 thousand metric ton of graphite electrode, nearly 62% of which was utilized for domestic consumption purposes. The production and demand for graphite electrodes in China witnessed a stable growth till 2015.
    – The production of graphite electrodes witnessed a dip in 2015, due to the closure of nearly 140 million metric ton capacity of induction arc furnaces and mini blast furnaces, as a result of the government regulations on high polluting industries conceived to tackle the issue of environmental concerns.
    – The growing production of motor vehicles, along with the expanding residential construction industry, is expected to support the domestic demand for non-ferrous alloys, and iron and steel, which is a positive factor for the growth of the graphite electrode demand in the coming years. The current production capacity of UHP graphite electrodes in China is around 50 thousand metric ton per year. The demand for UHP electrodes in China is also expected to witness a significant growth in the long-term, and an additional capacity of over 50 thousand metric ton of UHP graphite electrodes is anticipated to be witnessed by the later phases of the forecast period.

    The Research Document Will Answer Following Questions Such as:

    • What are the cutting-edge technologies responsible for driving the growth of the market?
    • What are the main applications of the market? What are the growth prospects to the market applications into the market?
    • At what stage of development are the key market products?
    • What are the shortcomings that has to face to become commercially viable? Is their growth and commercialization dependent on cost declines or technological/application breakthroughs?
    • What is the outlook for the industry?
    • What difference does performance characteristics of Graphite Electrode create from those of established entities?

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    Detailed TOC of Graphite Electrode Market Report 2019-2024:

    1 INTRODUCTION
    1.1 Study Deliverables
    1.2 Study Assumptions
    1.3 Scope of the Study

    2 RESEARCH METHODOLOGY

    3 EXECUTIVE SUMMARY

    4 MARKET DYNAMICS
    4.1 Drivers
    4.1.1 Strong Growth in Iron and Steel Production in Emerging Countries
    4.1.2 Rising Availability of Steel Scrap in China
    4.2 Restraints
    4.2.1 Soaring Prices of Needle Coke, Resulting in Supply Tightness, among Other Crisis
    4.2.2 Other Restraints
    4.3 Industry Value Chain Analysis
    4.4 Porters Five Forces Analysis
    4.4.1 Bargaining Power of Suppliers
    4.4.2 Bargaining Power of Consumers
    4.4.3 Threat of New Entrants
    4.4.4 Threat of Substitute Products and Services
    4.4.5 Degree of Competition

    5 MARKET SEGMENTATION
    5.1 Application
    5.1.1 Electric Arc Furnace
    5.1.2 Ladle Furnace
    5.1.3 Non-steel Application
    5.2 Electrode Grade
    5.2.1 Ultra-high Power (UHP)
    5.2.2 High Power (SHP) and Regular Power (RP)
    5.3 Geography
    5.3.1 Asia-Pacific
    5.3.1.1 China
    5.3.1.2 India
    5.3.1.3 Japan
    5.3.1.4 South Korea
    5.3.1.5 Rest of Asia-Pacific
    5.3.2 North America
    5.3.2.1 United States
    5.3.2.2 Mexico
    5.3.2.3 Canada
    5.3.2.4 Rest of North America
    5.3.3 Europe
    5.3.3.1 Germany
    5.3.3.2 United Kingdom
    5.3.3.3 Italy
    5.3.3.4 France
    5.3.3.5 Rest of Europe
    5.3.4 South America
    5.3.4.1 Brazil
    5.3.4.2 Argentina
    5.3.4.3 Rest of South America
    5.3.5 Middle East & Africa
    5.3.5.1 Saudi Arabia
    5.3.5.2 South Africa
    5.3.5.3 Rest of Middle East & Africa

    6 COMPETITIVE LANDSCAPE
    6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
    6.2 Market Share Analysis**
    6.3 Strategies Adopted by Leading Players
    6.4 Company Profiles
    6.4.1 ENERGOPROM Group
    6.4.2 Fangda Carbon New Material Technology Co. Ltd
    6.4.3 GrafTech International
    6.4.4 Graphite India Limited
    6.4.5 HEG Limited
    6.4.6 Jilin Carbon Co. Ltd
    6.4.7 Kaifeng Carbon Co. Ltd
    6.4.8 Nantong Yangzi Carbon Co. Ltd
    6.4.9 Nippon Carbon Co. Ltd
    6.4.10 SANGRAF International Inc.
    6.4.11 SEC CARBON LIMITED
    6.4.12 SHOWA DENKO KK
    6.4.13 Tokai Carbon Co. Ltd

    7 MARKET OPPORTUNITIES AND FUTURE TRENDS
    7.1 Rising Production of Steel through EAF Technology in China

     

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    Alfredo Epps is a finance expert heading the petroleum column. He joined the group last year as an associate writer. But his thorough research skills and ability to seamlessly putting numerical data into words helped him get a senior position. Apart from a column head, Alfredo is a dancer and a violinist.

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