Graphite Electrode Rod Market: Overview and Dynamics
Graphite is a crystalline form of carbon element with atoms positioned in a hexagonal structure. Graphite is an optimum conductor unlike conventional conductors used in the market. Graphite could be molded into various shapes according to its application. For instance, amorphous graphite could be molded in the form of powder for its utilization in manufacturing lubricants and its utilization in structural materials. Furthermore, graphite is also extensively being used in manufacturing graphite electrode rods.
Graphite electrode rod is an exclusive material which is utilized in multiple specialized applications ranging from steel to quartz industry. Therefore, exclusivity of the product shall stabilize the demand for the graphite electrode market over the medium run forecast period. Stabilization of the demand and lower downward fluctuations to bolster the supply and is set to provide an extra edge for the manufacturers to cash in from the opportunity.
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Segmentation Analysis of Graphite Electrode Rod Market:
The global Graphite Electrode Rod divided into five segments: By Type, By Purity, By Applications, End-users and By Regions.
On the basis of product type, the Graphite Electrode Rod Market has been segmented as follows:
- Regular Power (RP) Graphite Electrodes
- High Power (HP) Graphite Electrodes
- Ultra High Power (UHP) Graphite Electrodes
On the basis of purity, Graphite Electrode Rod Market has been segmented as follows:
On the basis of applications, the Graphite Electrode Rod Market has been segmented as follows:
- Electric ARC Furnace Steel
On the basis of End-Users, Graphite Electrode Rod Market has been segmented as follows:
- Petroleum Industry
- Automotive Industry
Graphite Electrode Rod Market: Regional Outlook
Based on regional breakdown, graphite electrode rod market is segmented into six different regions i.e., North America, Europe, Latin America, East Asia, South Asia and Oceania and Middle East & Africa. North America has the upper hand in driving the demand for the global graphite electrode rod market. Moreover, this region holds phenomenal share in the graphite electrode rod market. High spending of the research & development and incessant development in technology has driven the growth of the graphite electrode rod market. North America accounts maximum shares of global graphite electrode rod market.
Europe is the second dominant region in global graphite electrode rod market followed by North America. The increasing demand for electric vehicles, government support for R & D and high spending on new technology are the driving factors for European graphite electrode rod market.
Asia-Pacific is anticipated to be the fastest-growing region in the graphite electrode rod market. China especially in Asia Pacific is the main driver of the graphite electrode rod market in the region.
Middle East & Africa and Latin America could be countered as low prominent regions across the globe in driving the demand for the graphite electrode rod market.
Graphite Electrode Rod Market: Key Players
Being a moderately consolidated Graphite Electrode Rod market, players have a dominant presence across regions through efficient distribution networks.
- Showa Denko k. k.
- Nantong Yangzi Carbon Co., Ltd
- Graphite India Limited (GIL)
- Kaifeng Carbon Co., Ltd
- Zhongping Energy & Chemical Group (KFCC)
- Misano Group
- Nippon Carbon Co., Ltd
- Graf Tech
- Sangraf International
- Tokai Carbon
- Jilin Carbon
- and other key players are amongst the prominent players in Graphite Electrode Rod market accounting for over half of the market revenues.
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