According to a market report by Lucintel, the future of the global large size graphite electrode market looks promising with opportunities in the electric arc furnace steel markets. The global large size graphite electrode market is expected to grow with a CAGR of 5.3% from 2024 to 2030. The major drivers for this market are rising adoption of ultra-high power (UHP) graphite electrodes, increasing infrastructual development and construction activities, and growing popularity of needle coke.
A more than 150-page report to understand trends, opportunity and forecast in large size graphite electrode market to 2030 by type (700mm-800mm and 800mm-960mm), application (electric arc furnace steel and others), and region (North America, Europe, Asia Pacific, and the Rest of the World).
Lucintel forecasts that, within the type category, 700mm-800mm is expected to witness higher growth over the forecast period as it delivers environmental and economic benefits.
Within the application category, electric arc furnace steel will remain the larger segment due to its utilization for producing steel from scrap metal.
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In terms of regions, APAC is expected to witness highest growth over the forecast period due to significantly growing steel industry and rapid infrastructural develeopment in the region.
Showa Denko, Fangda Carbon New Material, GrafTech International, Graphite India, HEG are the major suppliers in the large size graphite electrode market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at [email protected] To get access of more than 1000 reports at fraction of cost visit Lucintel's Analytics Dashboard.
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At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: [email protected]
Tel. +1-972-636-5056
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