A recent report on the graphite electrode market provides a detailed analysis of the industry scale, revenue forecast and geographic environment related to this business field. In addition, the report highlights the main obstacles and the latest growth trends accepted by the major players and major players, and these major players and the latest growth trends form part of the scope of competition for the business.
The global graphite electrode market was valued at US$9.13 billion in 2018 and is expected to reach US$16.48 billion by 2025, with a compound annual growth rate of 8.78% during the forecast period
With the rapid increase in steel production and the industrialization of modern infrastructure, the demand for engineering and construction materials continues to increase, which are some of the important factors driving the growth of the global graphite electrode market.
Graphite electrodes are heating elements used in electric arc furnaces to make steel from scrap, old cars and other equipment. The electrodes provide heat to the scrap steel to melt it to produce new steel. Electric arc furnaces are widely used in steel and aluminum production industries because they are cheap to manufacture. Graphite electrodes can be assembled into cylinders because they are part of the electric furnace cover. When the supplied electric energy passes through these graphite electrodes, a strong electric arc is formed, melting the scrap steel. According to the heat demand and the size of the electric furnace, different size electrodes can be used. In order to produce 1 ton of steel, approximately 3 kg of graphite electrodes are required. In the manufacture of steel, graphite has the ability to withstand such high temperatures, so the temperature of the electrode tip reaches about 3000 degrees Celsius. Needles and petroleum coke are the main raw materials for the manufacture of graphite electrodes. The manufacture takes up to six months, and then certain processes including baking and rebaking are carried out to convert the coke into graphite. Graphite electrodes are easier to manufacture than copper electrodes and faster to manufacture because it does not require additional processes such as manual grinding.
American GrafTech, Fangda Carbon China, SGL Carbon Germany, Showa Denko Japan, Graphite India, HEG India, Tokai Carbon Japan, Nippon Carbon Japan, SEC Carbon Japan
Graphite electrode market construction, the increasing demand for steel in the oil and gas and automotive industries is expected to promote the development of the graphite electrode market. More than 50% of the global steel produced is used in the construction and infrastructure industries. The report includes drivers, constraints, opportunities for market growth during the analysis period, and recent trends that support market growth. The report analyzes in detail the types and applications of regional segmentation.
The global graphite electrode market report covers other famous companies such as GrafTech US, Fangda Carbon China, SGL Carbon Germany, Showa Denko Japan, Graphite India, HEG India, Tokai Carbon Japan, Nippon Carbon Japan, SEC Carbon Japan, etc. American GrafTech, Fangda Carbon China and Graphite India have a total production capacity of 454,000 tons.
Graphite electrode is a kind of conductor, and it is an indispensable part in the steelmaking process. In this process, scrap iron is melted in the electric arc furnace and recycled. The graphite electrode inside the furnace actually melted the iron. Graphite has high thermal conductivity, and is very heat and impact resistant. It has low resistance, which means it can conduct the large currents required to melt iron. Graphite electrode is mainly used in electric arc furnace (EAF) and ladle furnace (LF) for steel production, ferroalloy, silicon metal graphite electrode is used in electric arc furnace (EAF) and ladle furnace (LF) for steel production, ferroalloy production, silicon metal Production and smelting process
With the surge in steel production and the rise of the industrialization of modern infrastructure, the increasing demand for engineering and construction materials is the main factor driving market growth. According to the world's green building trends, between 2012 and 2017, green and sustainable buildings and construction are expected to grow at an annual rate of 22.8%. In addition, the huge increase in infrastructure construction expenditure will promote the growth of the global graphite electrode market. According to the latest research by the Oxford Economics Institute, project and infrastructure expenditures were US$4 trillion in 2012 and are expected to exceed US$9 trillion by 2025. These huge projects will sharply increase the demand for steel and aluminum-based materials, which will directly increase the graphite electrodes used in the manufacture of building materials. In addition, the main factor driving the growth of graphite electrodes is the rapid digitization of advanced technologies.
Due to the rapid population growth and the presence of a large number of manufacturing companies mainly in China, Japan and India, due to the rapid growth of infrastructure investment, the Asia-Pacific region is expected to dominate the global graphite electrode market. According to data from the World Bank's Asia-Pacific Region, China is the largest graphite electrode manufacturer. China has become a major global investor in construction and engineering, especially in Latin America, Europe and the United States. This rapid international expansion has put Chinese companies on top of the Fortune Global 500 list. According to 2017 data from the China State Construction Engineering Corporation (CSCEC), China has invested in new infrastructure to promote national development, with an estimated investment of US$158 billion, making it the third largest investor in the world after the United States, with an investment of 3,420 Billion US dollars, Japan and Japan, the investment amounted to 160 billion US dollars.
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Post time: Aug-29-2020