Global Graphite Electrodes Market to reach USD 6 billion by 2025
Adroit Market Research published a report on, “Global Graphite Electrodes Market 2017 By Product (HP, UHP, and RP), By Application (EAF, LF & Others), By Region and Forecast 2018 to 2025”. The global graphite electrodes market report also includes drivers, restrains, value chain and Porter’s Five Forces analysis.
By 2025, the global graphite electrodes market revenue is estimated to reach USD 6 billion by 2025 driven by the increasing need for ultra-high power electrodes from the steelmaking industry. Increasing infrastructure spending across the globe is proliferating the steel industry which in terms is encouraging graphite electrodes producers to increase their production.
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With the ever snowballing demand of electrodes, the prices of electrodes are anticipated to remain uptight over the next five years regardless of a five times rise in prices. Furthermore, prices of petroleum needle coke that stood at an average of USD 1,500 per ton between 2010 and 2017 are now holding their position at USD 3,000 per ton. These prices are further projected to escalate over USD 3,500 per ton over the forecast period.
Increasing production of electric vehicles (EVs) owing to restriction on diesel engines is the projected to be the fast-growing alternative market for Pet NC. Growing application of Pet NC in LiBs is key factor restraining the growth of needle coke utilization in the production of graphite electrodes. Furthermore, demand for UHP electrodes is directly linked to EAF route of steelmaking, which means if the production of steel via EAF is lowered, then it is going to impact the demand for UHP GE.
Graphite electrode manufacturers are implementing M&A strategy to enlarge their presence in the global market. For instance, SGL GE was acquired by Showa Denko in October 2016 to strengthen its hold within the global market. As of 2017, Showa Denko established itself as the largest manufacturer of graphite electrodes across the globe.
Key segments of the global graphite electrodes market
Product Overview, 2015-2025 (USD Million)
- HP
- UHP
- RP
Application Overview, 2015-2025 (USD Million)
- EAF
- LF & Others
Regional Overview, 2015-2025 (USD Million)
- North America
- Mexico
- Europe
- France
- Asia Pacific
- China
- India
- Japan
- Central & South America
- Middle East & Africa
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