U.S. Graphite Electrodes Market Share, Trends | Forecast 2027

High Demand for Production of Electric Arc Furnace Steel to Propel U.S. Graphite Electrodes? Market Growth

The U.S. graphite electrodes market is expected to witness steady growth during the forecast period. The consistent demand growth for graphite electrodes from various end-use industries coupled with encouraging government initiatives has played a pivotal role in boosting the prospects of the U.S. graphite electrodes market in the past few years. Moreover, the swelling demand for special steel for the production of automotive parts in the U.S. is another factor that is projected to strongly influence the growth trajectory of the market for graphite electrodes. Graphite electrodes are increasingly being used in the production of electric arc furnace (EAF) steel and an array of ferrous and non-ferrous metals.

For more information, please visit Zhongsheng.

Companies operating in the current market landscape are expected to primarily focus on the quality of their products, production technologies, pricing strategies, and sales to improve their market position. Although the cost of graphite electrodes accounts for around 1% to 5% of the overall production cost of steel, it is an important material in the EAF steel production. Furthermore, as graphite electrodes are one of the very few products that exhibit high levels of electrical conductivity and the ability to withstand high temperatures during steel production, the demand for the same is on the rise. At the back of these factors, the U.S. graphite electrodes market is set to attain a market value of ~US$ 1 Bn by the end of .

To gauge the scope of customization in our reports Ask for a Sample 

New IMO Regulations to Impact Market Growth

The International Maritime Organization (IMO) regulations are expected to have a strong influence on the operations of participants involved in the U.S. graphite electrodes market. Stability in the prices of graphite electrodes, along with a considerable surge in supply from China over the past few years has played a key role in boosting the growth of the market for graphite electrodes in the U.S. However, new IMO regulations that are effective from 1 January are projected to have a high impact on the supply chain of needle coke supplies and prices. Amidst soaring environmental concerns, the new regulations would require ships to minimize emissions and comply with these regulations. The new regulations are expected to impact the prices of needle coke, which is one of the most vital raw materials in the production of graphite electrodes.

Get an idea about the offerings of our report from Report Brochure

The fluctuating prices of needle coke due to the IMO regulations are expected to hamper the demand for graphite electrodes in the U.S. However, on the bright side, due to the minute changes in the supply structure in China, EAF has gained significant popularity, due to which, the demand for graphite electrode is anticipated to grow. The new IMO regulations are likely to exercise pressure on needle coke users, including graphite electrode manufacturers. The growth of the U.S. graphite electrodes market is anticipated to hinge its hope on the demand from steel manufacturers and market players involved in the lithium-ion battery industry.

Research and Testing Activities Aim to Reduce Downtime and Power Consumption

Participants in the current U.S. graphite electrodes market are increasingly investing resources in research & development to improve the quality of their products. Additionally, the ascending interest in uplifting the overall performance of graphite electrolytes is projected to further augment the demand for graphite electrodes during the forecast period. At present, technological advancements within the U.S. graphite electrodes market are primarily aimed at improving the service life and reduce the rate of consumption. Companies are likely to continue to invest efforts and resources to launch products with improved capabilities and fulfill the requirements of their customers.

In October , Hexagon Resources Limited revealed that the company had successfully completed tests that were predominantly aimed at improving the overall service life of graphite electrodes. The demand for graphite electrodes is set to grow at a steady rate due to its high thermal shock resistance. Companies in the U.S. graphite electrodes market are also expected to lower downtime, minimize carbon footprint, and manufacture cost-effective products. Companies may also offer customized products to their customers and focus on their pricing strategies to gain an edge in the current market landscape.

Looking for Regional Analysis or Competitive Landscape in U.S. Graphite Electrodes Market , ask for a customized report
 

Analysts&#; Viewpoint

The U.S. graphite electrodes market is expected to grow at a CAGR of ~2% during the forecast period. The consistent growth in the demand for graphite electrodes from end-use industries, surge in supply from China, and government initiatives to maximize scrap utilization are some of the leading factors that are expected to drive the market for graphite electrodes in the U.S. during the forecast period. Furthermore, the ascending demand for special steel for the production of automotive components will directly impact the demand for graphite electrodes in the coming years. Market participants should focus on improving the quality of their products and simultaneously allocate funds for research and development. The growth prospects of the U.S. graphite electrodes market will continue to hinge on the demand from steel manufacturers and manufacturers of ferrous and non-ferrous metals.  

U.S. Graphite Electrodes Market: Overview

• Graphite electrode is available in small or large diameters for high temperature and high intensity applications. Graphite electrode is employed in the production of steel in electric arc furnaces. It is also used in steel refining and smelting processes.
• Graphite electrode is primarily employed in production of steel and non-ferrous metals
• Prominent characteristics of graphite electrode include its ability to withstand electrical resistance with temperature up to 1,400°C, high machining accuracy, good surface finishing, and anti-oxidation treatment for longevity. Graphite electrode also offers high flexural strength, thus resulting in lower electrode breakage frequency at the time of machining. It has low specific resistance, which allows maximum current carrying capability without overheating of the electrode.

Key Growth Drivers of U.S. Graphite Electrodes Market

• Rise in demand for graphite electrode in end-use industries, increase in utilization of steel scrap, and high demand for graphite electrode in the steel industry are expected to drive the demand for graphite electrodes in the U.S. Graphite electrodes possess excellent electrical properties, high mechanical strength at high temperatures, high electrical and heat conductivity, low impurity content, chemical stability, and high vibrational resistance. Thus, graphite electrodes are ideal for usage in electric arc furnaces (EAF).
• Graphite electrode that is used in an EAF provides flexibility at the time of production of steel, unlike the blast furnace method of steel production. EAF units can be rapidly started and stopped, allowing the steel mill to vary production according to the demand. Furthermore, they can withstand temperatures up to 1,800°C, due to their superior thermal expansion and thermal shock resistance, which help in reducing the entire mass of steel.
• EAFs have gained popularity among steel producers due to their flexibility, quick turnaround time, and lower fixed costs. Growth in investment in the steel manufacturing sector in the U.S. is expected to enhance capacity expansions for EAFs in the U.S.
• Rise of government initiatives in order to increase the usage of scrap steel metal is another prominent factor that is likely to drive the graphite electrodes market in the U.S. Scrap utilization rates for steel producing industries differ significantly around the world, depending on the production process. Steel scrap is usually sourced from waste generated during the steelmaking process due to rolling, conditioning, cutting, and trimming processes. Steel scrap can also be generated in the form of steel products at the end of their service life. Availability of scrap is high in the U.S. due to the presence of large steel producing industries and considerably high consumption of steel products in the country.

Ultra High Power Electrodes to Offer Lucrative Opportunities in U.S. Graphite Electrodes Market

• The steel industry primarily requires high power electrodes and ultra high power electrodes. Demand for high-quality ultra high power graphite electrodes is rising significantly in the U.S., due to its low electrical resistance and high density.
• The ultra high power electrode segment accounted for a major share of the graphite electrode market in the U.S. in . It is expected to remain the dominant segment during the forecast period. Large capacity ultra high power arc furnaces are becoming increasingly popular in order to meet the requirement of higher work efficiency. Therefore, ultra high power electrodes with diameters of more than 18&#; are expected to dominate the graphite electrodes market in the U.S.
• High power electrode and regular power electrode segments are estimated to expand at a moderate pace during the forecast period. High power electrodes are extensively employed in a wide range of applications, including steel and non-ferrous metals, fused materials, and chemical processing.

Lucrative Opportunities in U.S. Graphite Electrodes Market

• Well-established players can invest significantly in research & development activities in the graphite electrodes market in the U.S. in order to develop innovative solutions for decreasing cost and enhancing the quality of their existing product line
• Key players can focus on expanding their footprint across the globe through strategic capital allocation and increase of production capacity to serve end-use industries such as building & construction, automotive, infrastructure, aerospace & defense, and oil & gas

Leading Players in U.S. Graphite Electrodes Market

• Major players operating in the graphite electrodes market in the U.S. include 
  • GrafTech International
  • Showa Denko K.K.
  • Tokai Carbon
  • GES-AGM
  • Ameri-Source Specialty Products
  • Graphite Sales, Inc.
  • Saturn Industries, Inc.
• Most of the producers of graphite electrodes have integrated operations across the value chain in order to consolidate their share in the market. For instance, GrafTech has in-house production of petroleum coke, which is used as a major raw material for graphite electrodes.
• Key players in the U.S. graphite electrodes market need to focus on maintaining raw material supply as supply of needle coke, a key raw material, is fluctuating. Accurate forecast and production planning as per market dynamics are key to the survival in the graphite electrode manufacturing industry.
• Manufacturers in the U.S. are focusing on boosting customer leadership through creation, innovation, and impressive research & development to revolutionize innovations in the graphite technology in order to increase productivity

U.S. Graphite Electrode Market - Segmentation

TMR&#;s research study assesses the graphite electrode market in the U.S. on the basis of type and application. This report presents the extensive market dynamics and progressive trends associated with different segments, and how they are influencing the growth prospects of the graphite electrode market in the U.S.

Type

• Ultra High Power Electrode (18" and Above)
• High Power Electrode (18" and Below)
• Regular Power Electrode
• (16" and Below)

Application

• Steel & Non-ferrous Metals
• Fused Materials
• Chemical Processing
• Others (including Ferroalloys and Silicon Metal)

Country

• U.S.

Graphite Electrodes Market Size And Forecast

Graphite Electrodes Market size was valued at USD 2.3 Billion in and is expected to reach USD 3.2 Billion by , growing at a CAGR of 4.05% from to .

The major factor driving the growth of the global graphite electrodes market is the rising demand for steel and the rising use of graphite in the production of lithium-ion batteries. The Global Graphite Electrodes Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

>>> Get | Download Sample Report @ &#; https://www.verifiedmarketresearch.com/download-sample/?rid=

To Get Detailed Analysis:

Global Graphite Electrodes Market Definition

The term &#;graphite electrode&#; refers to a type of high-temperature resistant graphite conductive material made by using coal pitch as a binder and petroleum coke and pitch coke as the aggregate. Artificial graphite electrodes, also known as graphite electrodes, are distinguished from natural graphite electrodes prepared with natural materials by the following steps: calcination, crushing and grinding, batching, kneading, mixing, and extrusion.

Graphite electrodes are an essential item used in the manufacturing of steel and other metals in electric arc furnaces (EAFs). These electrodes are manufactured from graphite, a crystalline type of carbon with special qualities that make it ideal for this use. Graphite electrodes are critical components of the steelmaking process because they offer the electrical conductivity and heat resistance required for the effective conversion of raw materials into molten metal.

The high electrical conductivity of graphite electrodes is one of their most important properties. Because of its peculiar atomic structure, in which carbon atoms are organized in layers, graphite is a great conductor of 20 electricity. These layers allow electrons to travel freely, allowing for the efficient transmission of electrical current. Graphite electrodes&#; high conductivity ensures that the electric arc is formed and sustained, giving the heat required for the melting process.

Graphite electrodes are also extremely thermally resistant. When subjected to high temperatures, graphite has a relatively low coefficient of thermal expansion, which means it does not considerably expand, distort, or break. This feature is critical for maintaining the electrodes&#; structural integrity during the steelmaking process. Furthermore, because graphite has a high melting point, it can resist the severe temperatures within the EAF without melting or deteriorating.

Several factors influence the quality and performance of graphite electrodes. The raw material utilized in their manufacture is an essential consideration. Petroleum coke or needle coke, which are carbon-rich materials with low impurity level, are commonly used to make high-quality graphite electrodes. These raw materials are subjected to a sophisticated manufacturing process that includes crushing, calcining, milling, and graphitization, resulting in graphite electrodes with the appropriate qualities.

What's inside a VMR
industry report?

Our reports include actionable data and forward-looking analysis that help you craft pitches, create business plans, build presentations and write proposals.

Download Sample

>>> Ask For Discount @ &#; https://www.verifiedmarketresearch.com/ask-for-discount/?rid=

Global Graphite Electrodes Market Overview

Graphite electrodes are vital components of electric arc furnaces (EAFs) used in steel manufacturing; hence they play an important role in the steel industry. These electrodes are comprised of high-quality graphite materials and are in high demand due to their outstanding electrical conductivity, high melting point, and thermal shock resistance.

The company is the world’s best Uhp 600mm Graphite Electrode Bulk Supply supplier. We are your one-stop shop for all needs. Our staff are highly-specialized and will help you find the product you need.

The consumption rate of graphite electrodes during steelmaking is a significant factor for steel companies. The strong heat and chemical reactions during the melting process led the electrodes to gradually oxidase and degrade. This is referred to as electrode consumption or electrode wear. The rate of electrode consumption can be influenced by factors like as current density, operating voltage, and raw material composition. Steelmakers closely monitor and regulate electrode usage in order to maximize the efficiency and cost-effectiveness of the steelmaking process.

The steel sector is the major user of graphite electrodes, accounting for a sizable market share. The graphite electrodes market has grown steadily in tandem with the rising demand for steel in the construction, automotive, and infrastructure sectors. Furthermore, the rising trend towards lightweight and high-strength steel in a variety of applications has increased demand for graphite electrodes. The graphite electrodes market has consistently developed in unison with expanding steel demand in the construction, automotive, and infrastructure sectors.

Furthermore, the increasing use of lightweight and high-strength steel in a wide range of applications has raised demand for graphite electrodes. The global demand for graphite electrodes is strongly related to the steel industry, since the bulk of these electrodes are utilized in steelmaking. Economic expansion, infrastructural development, and industry activity all have an impact on steel consumption, and hence on graphite electrode demand. The market for graphite electrodes is volatile, with supply and demand swings influencing pricing.

The graphite electrodes market has a bright future, with numerous factors predicted to fuel its growth. The growing usage of electric cars and renewable energy storage systems will drive up demand for steel and, by extension, graphite electrodes. Technological breakthroughs in electrode manufacture, such as the use of improved raw materials and improvements in manufacturing methods, will increase graphite electrode performance and efficiency. Furthermore, continuing research and development operations to investigate alternative materials and methods for electrode manufacturing may affect the market&#;s future environment. However, issues linked to raw material availability and pricing, environmental concerns, and competition from replacement goods such as refractory materials might stymie market expansion.

Global Graphite Electrodes Market Segmentation Analysis

The Global Graphite Electrodes Market is Segmented on the basis of Diameter, Electrode Grade, Application, And Geography.

Graphite Electrodes Market, By Diameter

• Below 200mm
• 201mm to 400mm
• 401mm to 600mm
• 601mm to 800mm
• Above 800mm

To Get a Summarized Market Report By Diameter:- Download the Sample Report Now

Based on Diameter, the 401mm to 600mm segment accounted for the largest market share in . Graphite electrodes with a diameter range of &#;401mm to 600mm&#; are frequently used in electric arc furnaces (EAFs) to make steel. It is a flexible line that can meet a variety of steelmaking needs. This diameter segment is appropriate for a variety of steel manufacturing applications because it strikes a balance between power capacity, performance, and cost-effectiveness. The diameter ranges of &#;401mm to 600mm&#; allows for flexibility to meet a variety of steel production requirements, including large- and medium-scale steel manufacturing operations. Its commercial domination has been aided by this product&#;s adaptability.

Graphite Electrodes Market, By Electrode Grade

• Ultra-High Power (UHP)
• High Power (SHP)
• Regular Power (RP)

Based on Electrode Grade, the ultra-high power (UHP) segment accounted for the largest market share in . Steel is recycled in the electric arc furnace (EAF) sector utilizing ultra-high power graphite electrodes. Its main component is high-value needle coke, which is produced from either coal tar or oil. They begin with threaded sections at either end and take on a cylindrical shape when finished. These electrodes can be combined into an electrode column by using electrode nipples in this way. In order to meet the demands of lower cost and improved work efficiency, large-capacity ultra-high power arc furnaces are becoming more and more common. As a result, ultra-high power graphite electrodes are projected to dominate the market. During the projected period, the ultra-high-power segment is also anticipated to grow at the highest CAGR.

Graphite Electrodes Market, By Application

• Steel Manufacturing
• Non-steel Applications

Based on Application, the steel manufacturing segment accounted for the largest market share in . The demand for graphite electrodes in the steel industry is influenced by a number of variables, including rising steel production capacity, expanding infrastructure, and the adoption of electric arc furnace technology in various regions of the world. The increasing need for steel in industries like building, transportation, and infrastructure development also plays a role in the steel manufacturing application segment&#;s dominant position in the graphite electrode market. Electrodes made of graphite are a necessary component of electric arc furnaces (EAFs) used to make steel. Due to their superior energy efficiency, economic viability, and environmental benefits, EAFs are preferable to conventional blast furnace-basic oxygen furnace (BF-BOF) technology. By carrying electricity and producing the high temperatures necessary to melt scrap steel and refine it into high quality steel products, graphite electrodes serve a critical function in EAFs.

Graphite Electrodes Market, By Regional Analysis

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

To Get a Summarized Market Report By Geography:- Download the Sample Report Now

On the basis of regional analysis, the global Graphite Electrodes market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. Asia Pacific accounted for the largest market share in for the Graphite Electrodes market. The expansion of the steel sector in nations like China and India has been attributed to the region&#;s prosperity. Graphite electrodes are an essential component of the steel-making process. The electric arc furnaces are used to smelt down scrap metal and create new steel, they are the main source of heat. The aforementioned countries&#; quick infrastructure growth is driving up the need for steel, which will ultimately drive market growth throughout the projection period.

The market for graphite electrodes in North America has profited from developments in the production of graphite electrodes. These developments have raised the caliber and effectiveness of graphite electrodes, increased their durability and efficacy, and led to a rise in their use in the region. Major producers of graphite electrodes have been investing in North America to meet the rising demand. These investments, which further assist market expansion, include production facility upgrades, capacity increases, and R&D initiatives.

Key Players

The major players in the market are HEG Limited, Resonac Holdings Corporation, SANGRAF International, SEC CARBON, LIMITED, Tokai Carbon Co., Ltd, Jilin Carbon Co., Ltd. (ZHONGZE GROUP), Dan Carbon, El 6, Fangda Carbon New Material Co., Ltd, Graphite India Limited, GrafTech International, Nantong Yangzi Carbon Co., Ltd, and Nippon Carbon Co Ltd are few major companies operating in the Graphite Electrodes market.

Key Developments

• In April , GrafTech International, a well-known producer of premium graphite electrode products necessary for the production of steel produced in electric arc furnaces, has announced a new sales office in Dubai, United Arab Emirates.
• In August , Showa Denko, a wholly owned subsidiary of Resonac, has signed a simplified absorption-type company split agreement for the graphite electrode business. Resonac, the newly consolidated firm, started operations on January 1, , and would function as a holding company.
• In April , Carbone Savoie International SAS, a French carbon and graphite company, has been acquired by Tokai Carbon and its subsidiary Tokai Cobex for USD 183 million.
• In April , Nantong Yangtze Carbon Co., Ltd. has established an annual manufacturing capacity of 60,000&#;100,000 tons of ultra&#;high power graphite electrodes through the acquisition and holding of Xufeng Carbon Technology Co., Ltd.
• In July , the launch of a new sales office in Chiba-shi, Japan, was announced by GrafTech International. Customers of GrafTech in the area will be able to get local commercial, customer service, and technical support through this new location. This facility also increases the company&#;s technical support and sales staff on a global scale.

Report Scope

REPORT ATTRIBUTESDETAILSSTUDY PERIOD

-

BASE YEAR

FORECAST PERIOD

-

HISTORICAL PERIOD

-

UNIT

Value (USD Billion)

KEY COMPANIES PROFILED

HEG Limited, Resonac Holdings Corporation, SANGRAF International, SEC CARBON, LIMITED, Tokai Carbon Co., Ltd, Jilin Carbon Co., Ltd. (ZHONGZE GROUP), & Others

SEGMENTS COVERED

By Diameter, By Electrode Grade, By Application, And By Geography.

CUSTOMIZATION SCOPE

Free report customization (equivalent to up to 4 analysts&#; working days) with purchase. Addition or alteration to country, regional & segment scope.

To Get Customized Report Scope:- Request For Customization Now

Research Methodology of Verified Market Research:

To know more about the Research Methodology and other aspects of the research study, kindly get in touch with our Sales Team at Verified Market Research.

Reasons to Purchase this Report

&#; Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
&#; Provision of market value (USD Billion) data for each segment and sub-segment
&#; Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
&#; Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
&#; Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
&#; Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
&#; The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
&#; Includes in-depth analysis of the market from various perspectives through Porter&#;s five forces analysis
&#; Provides insight into the market through Value Chain
&#; Market dynamics scenario, along with growth opportunities of the market in the years to come
&#; 6-month post-sales analyst support

Customization of the Report

&#; In case of any Queries or Customization Requirements please connect with our sales team, who will ensure that your requirements are met.

Frequently Asked Questions

Contact us to discuss your requirements of Male Female Graphite Electrode. Our experienced sales team can help you identify the options that best suit your needs.