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시장보고서
상품코드
1569820
세계의 흑연 전극 시장 예측(-2030년) : 전극 등급, 전극 크기, 금속 유형, 용도, 최종 사용자 및 지역별 분석Graphite Electrode Market Forecasts to 2030 - Global Analysis By Electrode Grade (Ultra High Power, High Power and Regular Power ), Electrode Size (Small Diameter and Large Diameter ), Metal Type, Application, End User and By Geography |
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Stratistics MRC에 따르면 흑연 전극 세계 시장은 2024년 162억 달러에 이르고, 예측 기간 동안 연평균 5.3% 성장하여 2030년에는 222억 달러에 달할 것으로 예상됩니다.
흑연 전극은 고품질 석유 코크스와 석탄 타르 피치로 만든 원통형 부품으로 주로 철강 생산용 전기 아크로 및 기타 금속 제련 공정에 사용됩니다. 이 전극은 전기를 전도하여 전기 아크를 생성하고 금속을 용해하고 제련하기 위해 고열을 발생시킵니다. 높은 전도성, 내열성, 낮은 불순물이 특징이며, 흑연 전극은 다양한 등급(UHP, HP, RP)과 크기로 제공됩니다. 흑연 전극은 철강 산업에서 중요한 역할을 할 뿐만 아니라 주조, 실리콘 제조, 전극 코팅 등 비철강 분야에서도 사용됩니다.
세계철강협회에 따르면, EAF 기반 철강 생산량은 2020년 세계 조강 생산량의 26.3%를 차지할 것으로 예상되며, 이 비중은 더욱 확대될 것으로 전망됩니다.
철강 생산량 증가
세계 철강 생산량 증가는 흑연 전극 시장의 주요 촉진요인입니다. 세계철강협회에 따르면 2021년 세계 조강 생산량은 2020년 대비 3.7% 증가한 19억 5,050만 톤에 달할 것으로 예상됩니다. 흑연 전극은 철강 생산에 사용되는 전기 아크로(EAF), 특히 철 스크랩 재활용에 사용되는 전기 아크로(EAF)의 필수 구성 요소이며, EAF 기반 제철로의 전환은 유연성과 낮은 환경 부하로 인해 흑연 전극에 대한 수요를 더욱 증가시킬 것입니다. 신흥 경제국들이 인프라에 대한 투자를 계속하고 있기 때문에 철강, 나아가 흑연 전극에 대한 수요는 증가할 것으로 예상됩니다.
높은 제조 비용
흑연 전극의 제조 공정은 에너지 집약적이며 고품질 원료, 특히 니들 코크스를 필요로 합니다. 원자재 가격과 에너지 및 비용의 변동은 생산 비용에 큰 영향을 미칩니다. 최근 몇 년동안 니들 코크스 가격이 불안정하여 흑연 전극 제조업체의 수익성에 영향을 미치고 있습니다. 또한, 흑연 전극 생산은 특수한 특성으로 인해 장비와 기술에 많은 자본 투자가 필요합니다. 이러한 높은 비용은 신규 진출기업 시장 진입을 제한하고 잠재적으로 최종 사용자의 가격 상승을 초래하여 시장 성장에 영향을 미칠 수 있습니다.
전기차의 확대
흑연은 전기자동차에 사용되는 리튬이온 배터리의 핵심 부품으로, 전기차 생산이 확대됨에 따라 고품질 흑연에 대한 수요가 급증할 것으로 예상됩니다. 국제에너지기구(IEA)에 따르면 2021년 전 세계 전기차 판매량은 두 배인 660만 대까지 증가할 것으로 예상됩니다. 이러한 추세는 흑연 생산 및 가공 기술에 대한 투자를 촉진할 것으로 보입니다. 전극에 사용되는 인조 흑연은 배터리용 흑연과는 다르지만, 흑연 제조 전문성을 보유한 제조업체는 이 성장 시장에 다각화하여 새로운 수익원을 창출할 수 있는 유리한 위치에 있습니다.
대체 소재 개발
탄화규소 및 첨단 탄소 복합재와 같은 새로운 전극 재료에 대한 조사는 철강 생산의 성능 향상과 비용 절감을 목표로 하고 있습니다. 일부 대체 재료는 수명이 길어지거나 전도성이 향상될 수 있습니다. 수소를 기반으로 한 철 생산용 직접 환원 공정은 저탄소 대안으로 주목받고 있습니다. 또한, 흑연 전극의 필요성을 줄이거나 없애는 제강 기술의 발전도 시장 수요에 영향을 미칠 수 있습니다.
COVID-19의 영향 :
COVID-19 전염병은 처음에는 철강 생산 감소와 공급망 중단으로 인해 흑연 전극 시장을 혼란에 빠뜨렸습니다. 그러나 경제가 회복됨에 따라 철강 수요, 특히 중국에서 철강 수요가 회복되어 흑연 전극의 소비를 촉진했습니다. 전염병은 제철에서 전기 아크로의 전환을 가속화하여 흑연 전극 시장에 이익을 가져다주었습니다. 장기적인 영향으로는 공급망 복원력에 대한 관심이 높아지고 생산 능력의 재조정 가능성이 있습니다.
예측 기간 동안 철강 부문이 가장 큰 비중을 차지할 것으로 예상됩니다.
철강 부문은 예측 기간 동안 흑연 전극 시장에서 가장 큰 시장 점유율을 차지할 것으로 예상됩니다. 이러한 우위는 흑연 전극이 철강 생산용 전기 아크로(EAF)에 널리 사용되고 있으며, EAF는 유연성, 효율성 및 철 스크랩 재활용 능력으로 인해 지속가능성 목표에 부합하기 때문에 점점 더 선호되고 있습니다. 철강 산업의 EAF로의 전환은 특히 신흥 경제국에서 진행 중이며, 건설 및 인프라 프로젝트에서 철강 수요 증가와 함께 철강 부문 시장 리더십을 확고히 하고 있습니다.
초고출력(UHP) 부문은 예측 기간 동안 가장 높은 CAGR을 나타낼 것으로 예상됩니다.
초고출력(UHP) 부문은 예측 기간 동안 흑연 전극 시장에서 가장 높은 성장률을 보일 것으로 예상되며, UHP 전극은 고용량 전기 아크로용으로 설계되어 전류 용량과 내열성 측면에서 우수한 성능을 발휘합니다. 이 전극은 더 높은 전력 입력이 필요한 현대식 고효율 제철 공정에 매우 중요합니다. 철강 산업은 더 크고 효율적인 EAF를 요구하는 경향이 증가하고 있으며, 이에 따라 UHP 전극에 대한 수요가 증가하고 있습니다. 철강 생산이 더욱 고도화되고 효율적인 방식으로 계속 진화함에 따라 UHP 부문은 큰 폭의 성장을 이룰 것으로 예상됩니다.
가장 큰 점유율을 차지하는 지역
아시아태평양은 예측 기간 동안 흑연 전극 시장에서 가장 큰 시장 점유율을 차지할 것으로 예상됩니다. 이러한 우위는 주로 중국과 인도와 같은 국가에서 특히 철강 산업이 강세를 보이고 있기 때문입니다. 세계철강협회에 따르면 아시아는 2021년 13억 7,490만 톤의 조강을 생산하여 세계 생산량의 70.5%를 차지했습니다. 이 지역의 급속한 산업화, 도시화 및 인프라 개발은 철강 수요를 크게 증가시켜 흑연 전극의 소비를 증가시키고 있습니다. 또한, 대형 흑연 전극 제조업체의 존재와 중국과 같은 국가에서 EAF 기반 제철로의 전환은 흑연 전극 산업에서 아시아태평양 시장 리더십을 더욱 공고히 하고 있습니다.
CAGR이 가장 높은 지역 :
예측 기간 동안 아시아태평양은 흑연 전극 시장에서 가장 높은 CAGR로 성장할 것으로 예상됩니다. 이러한 빠른 성장의 배경에는 신흥 경제국의 산업화 진행, 철강 생산 능력 증가, 정부의 인프라 구축 노력 등이 있습니다. 인도와 동남아시아 국가들은 철강 생산 능력을 확장하고 있으며, 유연성과 낮은 환경 부하로 인해 EAF 기술을 선호하는 경우가 많습니다. 이 지역에서는 철강 산업의 탄소 배출량 감축에 중점을 두고 있어 EAF 기술의 채택이 가속화되어 흑연 전극 수요를 견인할 가능성이 높습니다. 또한, 자동차, 건설, 재생 에너지 인프라 등의 분야에 대한 투자가 철강 수요 증가에 기여하고 있으며, 이는 아시아태평양의 흑연 전극 시장의 성장을 더욱 가속화하고 있습니다.
무료 커스터마이징 서비스
이 보고서를 구독하는 고객에게는 다음과 같은 무료 맞춤화 옵션 중 하나를 제공합니다.
- 기업 프로파일
- 추가 시장 기업의 종합적인 프로파일링(최대 3개사까지)
- 주요 기업의 SWOT 분석(최대 3개사)
- 지역 세분화
- 고객의 관심에 따른 주요 국가별 시장 추정치, 예측, CAGR(주: 타당성 확인에 따라 다름)
- 경쟁사 벤치마킹
- 제품 포트폴리오, 지리적 입지, 전략적 제휴를 기반으로 한 주요 기업 벤치마킹
목차
제1장 주요 요약
제2장 서문
- 개요
- 이해관계자
- 조사 범위
- 조사 방법
- 데이터 마이닝
- 데이터 분석
- 데이터 검증
- 조사 접근
- 조사 정보원
- 1차 조사 정보원
- 2차 조사 정보원
- 전제조건
제3장 시장 동향 분석
- 성장 촉진요인
- 성장 억제요인
- 기회
- 위협
- 용도 분석
- 최종사용자 분석
- 신흥 시장
- COVID-19의 영향
제4장 Porter의 Five Forces 분석
- 공급 기업의 교섭력
- 바이어의 교섭력
- 대체품의 위협
- 신규 진출업체의 위협
- 경쟁 기업간 경쟁 관계
제5장 세계의 흑연 전극 시장 : 전극 등급별
- UHP
- HP
- RP
제6장 세계의 흑연 전극 시장 : 전극 사이즈별
- Small Diameter(400mm 미만)
- Large Diameter(400mm 이상)
제7장 세계의 흑연 전극 시장 : 금속 유형별
- 강철
- 실리콘 메탈
- 알루미늄
- 기타 금속 유형
제8장 세계의 흑연 전극 시장 : 용도별
- 전기 아크노(EAF)
- 철강 생산
- ferroalloy 생산
- Ladle Furnace (LF)
- Basic Oxygen Furnace (BOF)
- 비철금속 용도
- 주조소
- 제련
- 인 생산
- 실리콘 카바이드 생산
- 전극 코팅
제9장 세계의 흑연 전극 시장 : 최종사용자별
- 철강 업계
- 자동차
- 건설
- 항공우주
- 일렉트로닉스
- 기타 최종사용자
제10장 세계의 흑연 전극 시장 : 지역별
- 북미
- 미국
- 캐나다
- 멕시코
- 유럽
- 독일
- 영국
- 이탈리아
- 프랑스
- 스페인
- 기타 유럽
- 아시아태평양
- 일본
- 중국
- 인도
- 호주
- 뉴질랜드
- 한국
- 기타 아시아태평양
- 남미
- 아르헨티나
- 브라질
- 칠레
- 기타 남미
- 중동 및 아프리카
- 사우디아라비아
- 아랍에미리트(UAE)
- 카타르
- 남아프리카공화국
- 기타 중동 및 아프리카
제11장 주요 발전
- 계약/파트너십/협업/합작투자(JV)
- 인수와 합병
- 신제품 발매
- 사업 확대
- 기타 주요 전략
제12장 기업 프로파일링
- GrafTech International
- Showa Denko K.K.
- Graphite India Limited
- HEG Limited
- Tokai Carbon Co., Ltd.
- Nippon Carbon Co., Ltd.
- SEC Carbon Limited
- SANGRAF International
- Fangda Carbon New Material Co., Ltd
- EPM Group
- Zhongze Group
- Kaifeng Carbon Co., Ltd.
- Nantong Yangzi Carbon Co., Ltd.
- Jilin Carbon Co., Ltd.
- UKRGRAFIT
- Qingdao Tennry Carbon Co., Ltd.
- RongXing Group
LSH 24.10.24
According to Stratistics MRC, the Global Graphite Electrode Market is accounted for $16.2 billion in 2024 and is expected to reach $22.2 billion by 2030 growing at a CAGR of 5.3% during the forecast period. A graphite electrode is a cylindrical component made from high-quality petroleum coke and coal tar pitch, used primarily in electric arc furnaces for steel production and other metal smelting processes. These electrodes conduct electricity to create an electric arc, generating intense heat for melting and refining metals. Characterized by their high electrical conductivity, thermal resistance, and low impurity content, graphite electrodes are available in various grades (UHP, HP, RP) and sizes. They play a crucial role in the steel industry and are also used in non-steel applications like foundries, silicon production, and electrode coating.
According to the World Steel Association, EAF-based steel production accounted for 26.3% of global crude steel output in 2020, and this share is expected to grow.
Market Dynamics:
Driver:
Growing steel production
The increasing global steel production is a primary driver for the graphite electrode market. According to the World Steel Association, global crude steel production reached 1,950.5 million tonnes in 2021, a 3.7% increase from 2020. Graphite electrodes are essential components in electric arc furnaces (EAFs) used in steel production, particularly for recycling scrap steel. The shift towards EAF-based steelmaking, driven by its flexibility and lower environmental impact, further boosts demand for graphite electrodes. As emerging economies continue to invest in infrastructure development, the demand for steel and consequently graphite electrodes is expected to grow.
Restraint:
High production costs
The manufacturing process of graphite electrodes is energy-intensive and requires high-quality raw materials, particularly needle coke. Fluctuations in raw material prices and energy costs can significantly impact production expenses. Needle coke prices have been volatile in recent years, affecting graphite electrode manufacturers' profitability. Additionally, the specialized nature of graphite electrode production requires substantial capital investment in equipment and technology. These high costs can limit market entry for new players and potentially lead to higher prices for end-users, affecting market growth.
Opportunity:
Expansion in electric vehicles
Graphite is a crucial component in lithium-ion batteries used in EVs. As EV production scales up, the demand for high-quality graphite is expected to surge. According to the International Energy Agency, global EV sales doubled in 2021 to 6.6 million units. This trend is likely to drive investments in graphite production and processing technologies. While synthetic graphite used in electrodes differs from battery-grade graphite, manufacturers with expertise in graphite production are well-positioned to diversify into this growing market, potentially creating new revenue streams.
Threat:
Development of alternative materials
Research into new electrode materials, such as silicon carbide or advanced carbon composites, aims to improve performance and reduce costs in steel production. Some alternatives may offer benefits like a longer lifespan or better electrical conductivity. Hydrogen-based direct reduction processes for iron production are gaining attention as a low-carbon alternative. Additionally, advancements in steelmaking technologies that reduce or eliminate the need for graphite electrodes could impact market demand.
Covid-19 Impact:
The COVID-19 pandemic initially disrupted the graphite electrode market due to reduced steel production and supply chain interruptions. However, as economies recovered, steel demand rebounded, particularly in China, driving graphite electrode consumption. The pandemic accelerated the shift towards electric arc furnaces in steelmaking, benefiting the graphite electrode market. Long-term impacts include increased focus on supply chain resilience and potential reshoring of production capacities.
The steel segment is expected to be the largest during the forecast period
The steel segment is projected to account for the largest market share during the projection period in the graphite electrode market. This dominance is attributed to the widespread use of graphite electrodes in electric arc furnaces (EAFs) for steel production. EAFs are increasingly preferred for their flexibility, efficiency, and ability to recycle scrap steel, aligning with sustainability goals. The steel industry's ongoing shift towards EAFs, particularly in emerging economies, coupled with the increasing demand for steel in construction and infrastructure projects, solidifies the steel segment's market leadership in the market.
The ultra high power (UHP) segment is expected to have the highest CAGR during the forecast period
Over the forecast period, the ultra high power (UHP) segment is predicted to witness the highest growth rate in the graphite electrode market. UHP electrodes are designed for high-capacity electric arc furnaces, offering superior performance in terms of current-carrying capacity and thermal resistance. These electrodes are crucial for modern, high-efficiency steelmaking processes that require higher power inputs. The growing trend towards larger and more efficient EAFs in the steel industry drives the demand for UHP electrodes. As steel production continues to evolve towards more advanced and efficient methods, the UHP segment is poised for substantial growth.
Region with largest share:
The Asia Pacific region is projected to account for the largest market share during the forecast period in the graphite electrode market. This dominance is primarily due to the region's robust steel industry, particularly in countries like China and India. According to the World Steel Association, Asia produced 1,374.9 million tonnes of crude steel in 2021, accounting for 70.5% of global production. The region's rapid industrialization, urbanization, and infrastructure development drive substantial demand for steel, consequently boosting graphite electrode consumption. Additionally, the presence of major graphite electrode manufacturers and the shift towards EAF-based steelmaking in countries like China further solidify Asia Pacific's market leadership in the graphite electrode industry.
Region with highest CAGR:
During the projection period, the Asia Pacific segment is expected to grow at the highest CAGR in the graphite electrode market. This rapid growth is fueled by the ongoing industrialization in emerging economies, increasing steel production capacities, and government initiatives promoting infrastructure development. Countries like India and Southeast Asian nations are expanding their steel production capabilities, often favoring EAF technology for its flexibility and lower environmental impact. The region's focus on reducing carbon emissions in the steel industry is likely to accelerate the adoption of EAF technology, driving demand for graphite electrodes. Furthermore, investments in sectors like automotive, construction, and renewable energy infrastructure contribute to the growing steel demand, further accelerating the graphite electrode market growth in Asia Pacific.
Key players in the market
Some of the key players in Graphite Electrode market Include GrafTech International, Showa Denko K.K., Graphite India Limited, HEG Limited, Tokai Carbon Co., Ltd., Nippon Carbon Co., Ltd., SEC Carbon Limited, SANGRAF International, Fangda Carbon New Material Co., Ltd, EPM Group, Zhongze Group, Kaifeng Carbon Co., Ltd., Nantong Yangzi Carbon Co., Ltd., Jilin Carbon Co., Ltd., UKRGRAFIT, Qingdao Tennry Carbon Co., Ltd. and RongXing Group.
Key Developments:
In October 2023, Nippon Carbon Co., Ltd. partnered with TMS International to become the exclusive distributor of graphite electrodes in North America beginning January 1, 2024.
In August 2023, HEG Limited announced plans to expand its graphite electrode production capacity from 80,000 to 100,000 tons. The company hoped to begin commercial production of graphite electrodes at the new expansion location in early 2023.
In January 2023, Showa Denko K.K. and Showa Denko Materials Co., Ltd. merged and transformed themselves into newly integrated company "Resonac". Resonac Group positions the launch of the newly integrated company as "the second inauguration," aiming to become a world-leading chemical company with advanced functional materials through further transformation efforts.
Electrode Grades Covered:
- Ultra High Power (UHP)
- High Power (HP)
- Regular Power (RP)
Electrode Sizes Covered:
- Small Diameter (< 400 mm)
- Large Diameter (> 400 mm)
Metal Types Covered:
- Steel
- Silicon Metal
- Aluminum
- Other Metal Types
Applications Covered:
- Electric Arc Furnace (EAF)
- Ladle Furnace (LF)
- Basic Oxygen Furnace (BOF)
- Non-steel Applications
End Users Covered:
- Steel Industry
- Automotive
- Construction
- Aerospace
- Electronics
- Other End Users
Regions Covered:
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- Italy
- France
- Spain
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia
- New Zealand
- South Korea
- Rest of Asia Pacific
- South America
- Argentina
- Brazil
- Chile
- Rest of South America
- Middle East & Africa
- Saudi Arabia
- UAE
- Qatar
- South Africa
- Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
- Company Profiling
- Comprehensive profiling of additional market players (up to 3)
- SWOT Analysis of key players (up to 3)
- Regional Segmentation
- Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
- Competitive Benchmarking
- Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
- 2.1 Abstract
- 2.2 Stake Holders
- 2.3 Research Scope
- 2.4 Research Methodology
- 2.4.1 Data Mining
- 2.4.2 Data Analysis
- 2.4.3 Data Validation
- 2.4.4 Research Approach
- 2.5 Research Sources
- 2.5.1 Primary Research Sources
- 2.5.2 Secondary Research Sources
- 2.5.3 Assumptions
3 Market Trend Analysis
- 3.1 Introduction
- 3.2 Drivers
- 3.3 Restraints
- 3.4 Opportunities
- 3.5 Threats
- 3.6 Application Analysis
- 3.7 End User Analysis
- 3.8 Emerging Markets
- 3.9 Impact of Covid-19
4 Porters Five Force Analysis
- 4.1 Bargaining power of suppliers
- 4.2 Bargaining power of buyers
- 4.3 Threat of substitutes
- 4.4 Threat of new entrants
- 4.5 Competitive rivalry
5 Global Graphite Electrode Market, By Electrode Grade
- 5.1 Introduction
- 5.2 Ultra High Power (UHP)
- 5.3 High Power (HP)
- 5.4 Regular Power (RP)
6 Global Graphite Electrode Market, By Electrode Size
- 6.1 Introduction
- 6.2 Small Diameter (< 400 mm)
- 6.3 Large Diameter (> 400 mm)
7 Global Graphite Electrode Market, By Metal Type
- 7.1 Introduction
- 7.2 Steel
- 7.3 Silicon Metal
- 7.4 Aluminum
- 7.5 Other Metal Types
8 Global Graphite Electrode Market, By Application
- 8.1 Introduction
- 8.2 Electric Arc Furnace (EAF)
- 8.2.1 Steel Production
- 8.2.2 Ferroalloys Production
- 8.3 Ladle Furnace (LF)
- 8.4 Basic Oxygen Furnace (BOF)
- 8.5 Non-steel Applications
- 8.5.1 Foundries
- 8.5.2 Smelting
- 8.5.3 Phosphorus Production
- 8.5.4 Silicon Carbide Production
- 8.5.5 Electrode Coating
9 Global Graphite Electrode Market, By End User
- 9.1 Introduction
- 9.2 Steel Industry
- 9.3 Automotive
- 9.4 Construction
- 9.5 Aerospace
- 9.6 Electronics
- 9.7 Other End Users
10 Global Graphite Electrode Market, By Geography
- 10.1 Introduction
- 10.2 North America
- 10.2.1 US
- 10.2.2 Canada
- 10.2.3 Mexico
- 10.3 Europe
- 10.3.1 Germany
- 10.3.2 UK
- 10.3.3 Italy
- 10.3.4 France
- 10.3.5 Spain
- 10.3.6 Rest of Europe
- 10.4 Asia Pacific
- 10.4.1 Japan
- 10.4.2 China
- 10.4.3 India
- 10.4.4 Australia
- 10.4.5 New Zealand
- 10.4.6 South Korea
- 10.4.7 Rest of Asia Pacific
- 10.5 South America
- 10.5.1 Argentina
- 10.5.2 Brazil
- 10.5.3 Chile
- 10.5.4 Rest of South America
- 10.6 Middle East & Africa
- 10.6.1 Saudi Arabia
- 10.6.2 UAE
- 10.6.3 Qatar
- 10.6.4 South Africa
- 10.6.5 Rest of Middle East & Africa
11 Key Developments
- 11.1 Agreements, Partnerships, Collaborations and Joint Ventures
- 11.2 Acquisitions & Mergers
- 11.3 New Product Launch
- 11.4 Expansions
- 11.5 Other Key Strategies
12 Company Profiling
- 12.1 GrafTech International
- 12.2 Showa Denko K.K.
- 12.3 Graphite India Limited
- 12.4 HEG Limited
- 12.5 Tokai Carbon Co., Ltd.
- 12.6 Nippon Carbon Co., Ltd.
- 12.7 SEC Carbon Limited
- 12.8 SANGRAF International
- 12.9 Fangda Carbon New Material Co., Ltd
- 12.10 EPM Group
- 12.11 Zhongze Group
- 12.12 Kaifeng Carbon Co., Ltd.
- 12.13 Nantong Yangzi Carbon Co., Ltd.
- 12.14 Jilin Carbon Co., Ltd.
- 12.15 UKRGRAFIT
- 12.16 Qingdao Tennry Carbon Co., Ltd.
- 12.17 RongXing Group
- 추가 시장 기업의 종합적인 프로파일링(최대 3개사까지)
- 주요 기업의 SWOT 분석(최대 3개사)
- 고객의 관심에 따른 주요 국가별 시장 추정치, 예측, CAGR(주: 타당성 확인에 따라 다름)
- 제품 포트폴리오, 지리적 입지, 전략적 제휴를 기반으로 한 주요 기업 벤치마킹
- 데이터 마이닝
- 데이터 분석
- 데이터 검증
- 조사 접근
- 1차 조사 정보원
- 2차 조사 정보원
- 전제조건
- 철강 생산
- ferroalloy 생산
- 주조소
- 제련
- 인 생산
- 실리콘 카바이드 생산
- 전극 코팅
- 미국
- 캐나다
- 멕시코
- 독일
- 영국
- 이탈리아
- 프랑스
- 스페인
- 기타 유럽
- 일본
- 중국
- 인도
- 호주
- 뉴질랜드
- 한국
- 기타 아시아태평양
- 아르헨티나
- 브라질
- 칠레
- 기타 남미
- 사우디아라비아
- 아랍에미리트(UAE)
- 카타르
- 남아프리카공화국
- 기타 중동 및 아프리카
According to Stratistics MRC, the Global Graphite Electrode Market is accounted for $16.2 billion in 2024 and is expected to reach $22.2 billion by 2030 growing at a CAGR of 5.3% during the forecast period. A graphite electrode is a cylindrical component made from high-quality petroleum coke and coal tar pitch, used primarily in electric arc furnaces for steel production and other metal smelting processes. These electrodes conduct electricity to create an electric arc, generating intense heat for melting and refining metals. Characterized by their high electrical conductivity, thermal resistance, and low impurity content, graphite electrodes are available in various grades (UHP, HP, RP) and sizes. They play a crucial role in the steel industry and are also used in non-steel applications like foundries, silicon production, and electrode coating.
According to the World Steel Association, EAF-based steel production accounted for 26.3% of global crude steel output in 2020, and this share is expected to grow.
Market Dynamics:
Driver:
Growing steel production
The increasing global steel production is a primary driver for the graphite electrode market. According to the World Steel Association, global crude steel production reached 1,950.5 million tonnes in 2021, a 3.7% increase from 2020. Graphite electrodes are essential components in electric arc furnaces (EAFs) used in steel production, particularly for recycling scrap steel. The shift towards EAF-based steelmaking, driven by its flexibility and lower environmental impact, further boosts demand for graphite electrodes. As emerging economies continue to invest in infrastructure development, the demand for steel and consequently graphite electrodes is expected to grow.
Restraint:
High production costs
The manufacturing process of graphite electrodes is energy-intensive and requires high-quality raw materials, particularly needle coke. Fluctuations in raw material prices and energy costs can significantly impact production expenses. Needle coke prices have been volatile in recent years, affecting graphite electrode manufacturers' profitability. Additionally, the specialized nature of graphite electrode production requires substantial capital investment in equipment and technology. These high costs can limit market entry for new players and potentially lead to higher prices for end-users, affecting market growth.
Opportunity:
Expansion in electric vehicles
Graphite is a crucial component in lithium-ion batteries used in EVs. As EV production scales up, the demand for high-quality graphite is expected to surge. According to the International Energy Agency, global EV sales doubled in 2021 to 6.6 million units. This trend is likely to drive investments in graphite production and processing technologies. While synthetic graphite used in electrodes differs from battery-grade graphite, manufacturers with expertise in graphite production are well-positioned to diversify into this growing market, potentially creating new revenue streams.
Threat:
Development of alternative materials
Research into new electrode materials, such as silicon carbide or advanced carbon composites, aims to improve performance and reduce costs in steel production. Some alternatives may offer benefits like a longer lifespan or better electrical conductivity. Hydrogen-based direct reduction processes for iron production are gaining attention as a low-carbon alternative. Additionally, advancements in steelmaking technologies that reduce or eliminate the need for graphite electrodes could impact market demand.
Covid-19 Impact:
The COVID-19 pandemic initially disrupted the graphite electrode market due to reduced steel production and supply chain interruptions. However, as economies recovered, steel demand rebounded, particularly in China, driving graphite electrode consumption. The pandemic accelerated the shift towards electric arc furnaces in steelmaking, benefiting the graphite electrode market. Long-term impacts include increased focus on supply chain resilience and potential reshoring of production capacities.
The steel segment is expected to be the largest during the forecast period
The steel segment is projected to account for the largest market share during the projection period in the graphite electrode market. This dominance is attributed to the widespread use of graphite electrodes in electric arc furnaces (EAFs) for steel production. EAFs are increasingly preferred for their flexibility, efficiency, and ability to recycle scrap steel, aligning with sustainability goals. The steel industry's ongoing shift towards EAFs, particularly in emerging economies, coupled with the increasing demand for steel in construction and infrastructure projects, solidifies the steel segment's market leadership in the market.
The ultra high power (UHP) segment is expected to have the highest CAGR during the forecast period
Over the forecast period, the ultra high power (UHP) segment is predicted to witness the highest growth rate in the graphite electrode market. UHP electrodes are designed for high-capacity electric arc furnaces, offering superior performance in terms of current-carrying capacity and thermal resistance. These electrodes are crucial for modern, high-efficiency steelmaking processes that require higher power inputs. The growing trend towards larger and more efficient EAFs in the steel industry drives the demand for UHP electrodes. As steel production continues to evolve towards more advanced and efficient methods, the UHP segment is poised for substantial growth.
Region with largest share:
The Asia Pacific region is projected to account for the largest market share during the forecast period in the graphite electrode market. This dominance is primarily due to the region's robust steel industry, particularly in countries like China and India. According to the World Steel Association, Asia produced 1,374.9 million tonnes of crude steel in 2021, accounting for 70.5% of global production. The region's rapid industrialization, urbanization, and infrastructure development drive substantial demand for steel, consequently boosting graphite electrode consumption. Additionally, the presence of major graphite electrode manufacturers and the shift towards EAF-based steelmaking in countries like China further solidify Asia Pacific's market leadership in the graphite electrode industry.
Region with highest CAGR:
During the projection period, the Asia Pacific segment is expected to grow at the highest CAGR in the graphite electrode market. This rapid growth is fueled by the ongoing industrialization in emerging economies, increasing steel production capacities, and government initiatives promoting infrastructure development. Countries like India and Southeast Asian nations are expanding their steel production capabilities, often favoring EAF technology for its flexibility and lower environmental impact. The region's focus on reducing carbon emissions in the steel industry is likely to accelerate the adoption of EAF technology, driving demand for graphite electrodes. Furthermore, investments in sectors like automotive, construction, and renewable energy infrastructure contribute to the growing steel demand, further accelerating the graphite electrode market growth in Asia Pacific.
Key players in the market
Some of the key players in Graphite Electrode market Include GrafTech International, Showa Denko K.K., Graphite India Limited, HEG Limited, Tokai Carbon Co., Ltd., Nippon Carbon Co., Ltd., SEC Carbon Limited, SANGRAF International, Fangda Carbon New Material Co., Ltd, EPM Group, Zhongze Group, Kaifeng Carbon Co., Ltd., Nantong Yangzi Carbon Co., Ltd., Jilin Carbon Co., Ltd., UKRGRAFIT, Qingdao Tennry Carbon Co., Ltd. and RongXing Group.
Key Developments:
In October 2023, Nippon Carbon Co., Ltd. partnered with TMS International to become the exclusive distributor of graphite electrodes in North America beginning January 1, 2024.
In August 2023, HEG Limited announced plans to expand its graphite electrode production capacity from 80,000 to 100,000 tons. The company hoped to begin commercial production of graphite electrodes at the new expansion location in early 2023.
In January 2023, Showa Denko K.K. and Showa Denko Materials Co., Ltd. merged and transformed themselves into newly integrated company "Resonac". Resonac Group positions the launch of the newly integrated company as "the second inauguration," aiming to become a world-leading chemical company with advanced functional materials through further transformation efforts.
Electrode Grades Covered:
- Ultra High Power (UHP)
- High Power (HP)
- Regular Power (RP)
Electrode Sizes Covered:
- Small Diameter (< 400 mm)
- Large Diameter (> 400 mm)
Metal Types Covered:
- Steel
- Silicon Metal
- Aluminum
- Other Metal Types
Applications Covered:
- Electric Arc Furnace (EAF)
- Ladle Furnace (LF)
- Basic Oxygen Furnace (BOF)
- Non-steel Applications
End Users Covered:
- Steel Industry
- Automotive
- Construction
- Aerospace
- Electronics
- Other End Users
Regions Covered:
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- Italy
- France
- Spain
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia
- New Zealand
- South Korea
- Rest of Asia Pacific
- South America
- Argentina
- Brazil
- Chile
- Rest of South America
- Middle East & Africa
- Saudi Arabia
- UAE
- Qatar
- South Africa
- Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
- Company Profiling
- Comprehensive profiling of additional market players (up to 3)
- SWOT Analysis of key players (up to 3)
- Regional Segmentation
- Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
- Competitive Benchmarking
- Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
- 2.1 Abstract
- 2.2 Stake Holders
- 2.3 Research Scope
- 2.4 Research Methodology
- 2.4.1 Data Mining
- 2.4.2 Data Analysis
- 2.4.3 Data Validation
- 2.4.4 Research Approach
- 2.5 Research Sources
- 2.5.1 Primary Research Sources
- 2.5.2 Secondary Research Sources
- 2.5.3 Assumptions
3 Market Trend Analysis
- 3.1 Introduction
- 3.2 Drivers
- 3.3 Restraints
- 3.4 Opportunities
- 3.5 Threats
- 3.6 Application Analysis
- 3.7 End User Analysis
- 3.8 Emerging Markets
- 3.9 Impact of Covid-19
4 Porters Five Force Analysis
- 4.1 Bargaining power of suppliers
- 4.2 Bargaining power of buyers
- 4.3 Threat of substitutes
- 4.4 Threat of new entrants
- 4.5 Competitive rivalry
5 Global Graphite Electrode Market, By Electrode Grade
- 5.1 Introduction
- 5.2 Ultra High Power (UHP)
- 5.3 High Power (HP)
- 5.4 Regular Power (RP)
6 Global Graphite Electrode Market, By Electrode Size
- 6.1 Introduction
- 6.2 Small Diameter (< 400 mm)
- 6.3 Large Diameter (> 400 mm)
7 Global Graphite Electrode Market, By Metal Type
- 7.1 Introduction
- 7.2 Steel
- 7.3 Silicon Metal
- 7.4 Aluminum
- 7.5 Other Metal Types
8 Global Graphite Electrode Market, By Application
- 8.1 Introduction
- 8.2 Electric Arc Furnace (EAF)
- 8.2.1 Steel Production
- 8.2.2 Ferroalloys Production
- 8.3 Ladle Furnace (LF)
- 8.4 Basic Oxygen Furnace (BOF)
- 8.5 Non-steel Applications
- 8.5.1 Foundries
- 8.5.2 Smelting
- 8.5.3 Phosphorus Production
- 8.5.4 Silicon Carbide Production
- 8.5.5 Electrode Coating
9 Global Graphite Electrode Market, By End User
- 9.1 Introduction
- 9.2 Steel Industry
- 9.3 Automotive
- 9.4 Construction
- 9.5 Aerospace
- 9.6 Electronics
- 9.7 Other End Users
10 Global Graphite Electrode Market, By Geography
- 10.1 Introduction
- 10.2 North America
- 10.2.1 US
- 10.2.2 Canada
- 10.2.3 Mexico
- 10.3 Europe
- 10.3.1 Germany
- 10.3.2 UK
- 10.3.3 Italy
- 10.3.4 France
- 10.3.5 Spain
- 10.3.6 Rest of Europe
- 10.4 Asia Pacific
- 10.4.1 Japan
- 10.4.2 China
- 10.4.3 India
- 10.4.4 Australia
- 10.4.5 New Zealand
- 10.4.6 South Korea
- 10.4.7 Rest of Asia Pacific
- 10.5 South America
- 10.5.1 Argentina
- 10.5.2 Brazil
- 10.5.3 Chile
- 10.5.4 Rest of South America
- 10.6 Middle East & Africa
- 10.6.1 Saudi Arabia
- 10.6.2 UAE
- 10.6.3 Qatar
- 10.6.4 South Africa
- 10.6.5 Rest of Middle East & Africa
11 Key Developments
- 11.1 Agreements, Partnerships, Collaborations and Joint Ventures
- 11.2 Acquisitions & Mergers
- 11.3 New Product Launch
- 11.4 Expansions
- 11.5 Other Key Strategies
12 Company Profiling
- 12.1 GrafTech International
- 12.2 Showa Denko K.K.
- 12.3 Graphite India Limited
- 12.4 HEG Limited
- 12.5 Tokai Carbon Co., Ltd.
- 12.6 Nippon Carbon Co., Ltd.
- 12.7 SEC Carbon Limited
- 12.8 SANGRAF International
- 12.9 Fangda Carbon New Material Co., Ltd
- 12.10 EPM Group
- 12.11 Zhongze Group
- 12.12 Kaifeng Carbon Co., Ltd.
- 12.13 Nantong Yangzi Carbon Co., Ltd.
- 12.14 Jilin Carbon Co., Ltd.
- 12.15 UKRGRAFIT
- 12.16 Qingdao Tennry Carbon Co., Ltd.
- 12.17 RongXing Group
