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Ultra-high Power (UHP) Graphite Market : Global Demand, Growth Analysis & Opportunity Outlook 2023

Published On : 09:40 AM, 14th September, 2017 REP-ID-243 Category: Chemicals and Materials

Global Ultra-high Power (UHP) Graphite Electrode Market Overview

Ultra-high power (UHP) graphite electrode is widely used electric arc furnace for the production of steel by smelting scrap or raw material. It has wide applications in ferroalloy production, silicon metal production, yellow phosphorus and other use. Graphite substance bears characteristics of metallic and non-metallic materials which makes it suitable for various industrial applications. Properties of graphite such as high thermal resistance, chemical inertness, etc. are making it efficient at elevated temperatures.

Rapid growth in mining and automobile industry, technological advancements in automobiles, rising demand of graphite in developing nations owing to increasing infrastructure in industrial processes are some of the key factors paved the market growth for the graphite market in near future. 

Increasing demand for steel on account of factors such as urbanization, growing infrastructure facilities, mobility, digitization and need to increase resource and efficiency are increasing the production of steel across the globe in order to fulfill the demand for steel in developing nations. This rising demand of steel is further leading steel industries to adopt advanced technology equipment in order to produce maximum amount of steel in less time to increase the profitability.  

Market size and forecast

The global UHP graphite electrode market is estimated to expand at a CAGR of 9.56% over the forecast period i.e. 2016-2023. The market of UHP graphite electrodes accounted revenue share of 67% in 2015 of overall graphite electrode market. On the other hand, an infrastructure and construction sector accounted for 55.2% in 2015 and is expected to post a CAGR of 6.8% over the forecast period i.e. 2016-2023. Further, the UHP graphite electrode market is anticipated to reach 1.1 Million Metric tons by 2023 owing to rising adoption of energy efficient and time savings graphite electrodes.

Asia-Pacific is the major revenue generating region in UHP graphite electrode market across the globe. Rapid steel production in nations such as China, India, etc. and increasing modern infrastructure in emerging economies across the globe are swelling the demand for electric arc furnaces for the production of good quality steel which further prompt the demand for UHP graphite electrodes in near future.

                          Global Ultra-high Power (UHP) Graphite Electrode Market

On the other hand, Europe is expected to be the second largest share contributor by registering promising CAGR in overall market of UHP graphite electrodes across the globe due to growth of oil and gas sector in Europe region. The demands for high-value product in oil and gas industries are swelling the demand for electric arc furnace which is further expected to boost the demand for UHP graphite electrodes over the forecast period i.e. 2016-2023.

Continuous improvement in steel quality and climbing demand for durable and quality steel in emerging economies for better infrastructural and mobility growth are growing importance of ultra-high power graphite electrodes among the steel production industries. The features of UHP graphite electrodes such as reduction of jointing due to longer electrodes, less graphite losses which increases efficiency and life of graphite electrode further decreases the production cost. Steel industries are shifting towards UHP graphite electrodes with the purpose to gain more capital by producing good quality steel with time and energy savings processes. Emergence of industrial sector, huge investment in steel industries and rising preference of steel owing to its properties such as flexibility, high strength and durability and growing economies across the globe are some of the factors which exhibit a positive impact on the global market of UHP graphite electrodes.

Market Segmentation

Our in-depth analysis segmented the global ultra-high power graphite electrode market in the following segments:

By Dimensions:

By Diameter

  • 14 inch-20 inch UHP Graphite Electrode
  • 22 inch-26 inch UHP Graphite Electrode
  • 28 inch-32 inch UHP Graphite Electrode

By Length

  • 60 inch-96 inch UHP Graphite Electrode
  • 110 inch-142 inch UHP Graphite Electrode

By End-User

  • Steel Treatment Industries
  • Steel Production Plants
  • Recycling Industries

By Region

Global ultra-high power graphite electrode market is further classified on the basis of region as follows:

  • North America (United States /U.S. & Canada)
  • Latin America (Brazil, Mexico, Rest of Latin America)
  • Western and Eastern Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, Rest of Western Europe)
  • Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of Asia)
  • Middle East and North Africa (MENA)
  • Rest of World

Growth Drivers and challenges

Increasing investments in steel industries, rapid exploration of graphite mines across the globe; rising export and import of crude steel owing to miscellaneous applications in automobile industries and rise in funding in steel refractories industry are some of the major key factors further triggering the demand for UHP graphite electrodes in near future.

Additionally, factors such as growing demand for high efficiency graphite electrodes in steel production industries, rising demand for UHP graphite electrode owing to its effective thermal and chemical properties, rising initiative to shift the industries towards energy efficient and less energy consumption aspects in order to maintain environmental figures are prompting the demand for UHP graphite electrodes over the forecast period i.e. 2016-2023. The market of UHP graphite electrodes has been up surged on the back of rapid growth in industrialization and urbanization which is leading to increase modern infrastructure and mobility facilities such as railways, bridges, etc. This modern infrastructure is increasing the demand for steel, thus increasing the steel production and demand for UHP graphite electrodes. Likewise, growing adoption of electric arc furnaces owing to safety and anti-corrosive value aspects, increasing implementation on advanced technology furnaces by various large steel production industries and rising small and medium steel production industries equip with high-end technology furnaces such as electric arc furnace in developing nations is anticipated to impel the growth of UHP graphite electrode market.

Although, high cost of extraction of graphite which is further increasing the cost of graphite electrodes, limited manufacturers of graphite electrodes needs long transportation and handling facilities, decreasing demand of steel in developing nations owing to slowing economy are some of the factors likely to inhibit the growth of UHP graphite electrode market in near future.

The market of UHP graphite electrodes is curbing on account of strict government regulations on products manufactured from graphite substance and high cost of investment of electric arc furnace.

Key Players

The key players of ultra-high power graphite electrode market are as follows:

  • SGL Carbon
    • Company Overview
    • Key Product Offerings
    • Business Strategy
    • SWOT Analysis
    • Financials
  • Graphite India
  • Showa Denko Carbon
  • Schutz Carbon Electrodes
  • GrafTech International

Scope and Context

Overview of the Parent Market

Analyst View

Segmentation

The Global Ultra-high Power Graphite Electrode Market is segmented as follows:

  • By Dimensions type Market Size and Y-O-Y Growth Analysis
  • By End-user Market Size and Y-O-Y Growth Analysis

By Regions

  • North America (United States/U.S., Canada) Market Size and Y-O-Y Growth Analysis
  • Latin America (Mexico, Brazil, Rest of Latin America) Market Size and Y-O-Y Growth Analysis
  • Western and Eastern Europe (Germany, Italy, Spain, France, U.K, Benelux, Hungary, Rest Of Western Europe, Russia Poland, Rest of Eastern Europe) Market Size and Y-O-Y Growth Analysis
  • Asia-Pacific (China, India, Singapore, Japan, Australia and New Zealand and Rest of Asia) Market Size and Y-O-Y Growth Analysis
  • Middle East and North Africa (MENA) Market Size and Y-O-Y Growth Analysis
  • Rest of World  Market Size and Y-O-Y Growth Analysis

Market Dynamics

Supply and Demand Risk

Competitive Landscape

Porter’s Five Force Model

Geographical Economic Activity

Key Players (respective SWOT Analysis) and their Strategies and Product Portfolio

Recent Trends and Developments

Industry Growth Drivers and Challenges

Key Information for Players to establish themselves in current dynamic environment

 

               Key Answers Captured in Report?

Which geography would have better demand for product/services?
What are the strategies adopted by big players in the regional market?
Which country would see the steep rise in CAGR & year-on-year (Y-O-Y) growth?
What is the current & expected market size in next five years?
What is the market feasibility for long term investment?
What opportunity the country would offer for existing and new players in the market?
What is risk involved for suppliers in the geography?
What factors would drive the demand for the product/service in near future?
What is the impact analysis of various factors in the market growth?
What are the recent trends in the regional market and how successful they are?

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