Global Graphite Electrode Rod Market is Projected to Reach 21,430 million USD by 2025

Author: QYResearch  |   Published Date: 2018-08-17   |   Views: 182


The Graphite Electrode Rod industry was 57,507 Million USD in 2017 and is projected to reach 21,430 Million USD by 2025, at a CAGR (Compounded Annual Growth Rate) of 17.9% between 2017 and 2025.

The market for Graphite Electrode Rod is concentrated with players such as Showa Denko K.K, FANGDA CARBON, GrafTech, Graphite India Limited (GIL), HEG Limited, Tokai Carbon, Jilin Carbon, Yangzi Carbon, Kaifeng Carbon Co., Ltd, SEC, Nippon Carbon and so on . Among them, Showa Denko K.K is the leader with about 24.5% revenue market share in 2017.

Graphite electrodes price has seen a steep increase in recent months, the increase has seen both in the global and domestic market; a month back it was around USD 2,600/MT and now it is increased steeply to USD 15,000/MT and with nil supply. To make 1 tonne of steel 2.5 to 3 kg electrodes are consumed. Electric arc furnaces utilize graphite electrodes, which are also employed in ladle furnaces via the blast furnace/basic oxygen converter route. Needle Coke which is a prime raw material used in making graphite electrodes witnessed a sharp hike in prices, from USD300/MT in Feb’17 to USD1200 at present. An environmental crackdown has affected Graphite producers in China in a big way, leading to the closure of around 50% of Graphite capacity. Chinese produces around 300,000 MT graphite electrodes monthly, out of which is used to export around 100,000 MT every month. Induction Furnace steel and Mini Mills has been closed down which was producing mainly low-quality long steel products.

The leading companies own the advantages on better performance, more abundant product’s types, better technical and impeccable after-sales service. Consequently, they take the majority of the market share of high-end market. Looking to the future years, the slow downward price trend in recent years will maintain. As competition intensifies, prices gap between different brands will go narrowing. Similarly, there will be fluctuation in gross margin.

The industry is expected to remain innovation-led, with frequent acquisitions and strategic alliances adopted as the key strategies by the players to increase their industry presence. Market stays in mature period with a clear concentration. Meanwhile, optimize product mix and further develop value-added capabilities to maximize margins.

The Global Graphite Electrode Rod Market Research Report 2017 report released by QYResearch provides a basic overview of the Graphite Electrode Rod industry, including definition, classification, application and industrial chain structure. Discuss development policies and plans as well as manufacturing processes and cost structures.

The report then focuses on major industry players in Global, including company profiles, product images and specifications, sales, market share, and contact information. More importantly, the Graphite Electrode Rod industry development trends and marketing channels were analyzed. Providing the main statistical data on the current status of the industry is a valuable guide and direction for companies and individuals interested in the market.

Click to view the full report TOC, figure and tables


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