A graphite electrode rod is a type of electrical conductor made from graphite, a form of carbon. It is used mainly in electric arc furnace steel production, and is typically used as a part of the electrodes in the furnace. Graphite electrodes provide the necessary current to maintain the arc and to help melt the steel.
The global graphite electrode rod market is driven by the growing demand for steel production. This demand is driven by the rising demand for infrastructure and construction projects, such as bridges and buildings, as well as the need for high-performance steel for the automotive and aerospace industries. The global graphite electrode rod market is expected to grow at a steady rate in the coming years, due to the increasing demand for steel production and the need for efficient and reliable power sources. Factors such as increasing government regulations, technological advancements, and rising environmental concerns are expected to further drive the market.
The global Graphite Electrode Rod market was valued at US$ 6117.7 million in 2022 and is anticipated to reach US$ 9011.9 million by 2029, witnessing a CAGR of 5.5% during the forecast period 2023-2029. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
A detailed market research report on Global Graphite Electrode Rod Market available at: https://www.themarketreports.com/report/global-graphite-electrode-rod-market-research-report
This report aims to provide a comprehensive presentation of the global market for Graphite Electrode Rod, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Graphite Electrode Rod.
Global core graphite electrode rod manufacturers include Showa Denko K.K, FANGDA CARBON, GrafTech etc.The top 5 companies hold a share about 58%.Asia-Pacific is the largest market, with a share about 48%, followed by Europe and North America with the share about 24% and 13%.In terms of product, ultra high power (UHP) graphite electrodes is the largest segment, with a share over 78%. And in terms of application, the largest application is electric arc furnace steel.
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