Dublin, Sept. 03, 2019 (GLOBE NEWSWIRE) -- The "Graphite Electrode Market for the Metal Industry by Product Type (Ultra-High Power (UHP), High Power (HP), and Regular Power (RP)), by Application Type, and by Region, Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2019-2024" report has been added to ResearchAndMarkets.com's offering.
The market is projected to grow at a healthy rate over the next five years to reach US$ 15.3 billion in 2024.
The report also addresses the current supply constraint (limited production capacity) of both graphite electrode as well as petroleum needle coke and its impact on the price as well as demand for graphite electrodes. Furthermore, the report also unveils the impact of increased graphite electrode price on to the production cost of EAF steel. The report provides detailed competitive analysis including the current efforts made by the leading players with regard to increasing their production capacity in order to gain a higher share. So, overall, this strategic report is extremely crucial for the market participants as well as investors in order to understand the current market realities as well as future market possibilities.
The Graphite Electrode Market for the Metal Industry: Highlights
Graphite electrode (GE) is an essential component of steel production through the electric arc furnace (EAF) method. After five years of downcycling, the demand for graphite electrode started emerging in 2016 with the increased production of steel through the EAF method. The penetration of EAF-based steel production is expected to be stable in the foreseen future, because of high awareness of the developed economies towards environmentally friendly technologies. The role of China and India in the production of EAF steel is going to be consequential in the coming years as the current penetration of EAF steel production in both countries are lower than the developed countries but will rise at a greater pace in the coming years. This will imprint a significant upward trend to the demand for graphite electrodes in the coming five years.
The market's supply chain is extremely dynamic with a tight supply of raw materials (petroleum needle coke) as well as graphite electrode coupled with the consistent increase in the EAF steel production. The preference of lithium-ion battery in the increasing production of electric vehicles further takes the supply crunch to the next level. Petroleum needle coke is an essential raw material for the production of the lithium-ion battery. In addition, no substitute of graphite electrode in the production of EAF steel makes the material a strategic resource rather mere a commodity.
A steady increase in steel production through the EAF method, no substitute of graphite electrode in EAF steel production, and supply crunch owing to the limited production capacity of needle coke and graphite electrode are some of the factors propelling the demand for graphite electrodes in the metal industry.
Based on the application type, the market is segmented as steel, silicon metal, and aluminium. Steel is currently dominating the graphite electrode market and is expected to maintain its dominance during the forecast period as well. There has been a continuous increase in the production of EAF steel worldwide, which is the prime driver of the demand for graphite electrode. For instance; in China, the share of steel production through EAF increased from 6% in 2016 to 9% in 2017 (still below the global average of 46% excluding China). The government of China has set a target of achieving 20% steel production through EAF by 2020.
The following are the key features of the report:
- Market structure: Overview, industry life cycle analysis, supply chain analysis
- Market environment analysis: Growth drivers and constraints, Porter's five forces analysis, SWOT analysis
- Market trend and forecast analysis
- Market segment trend and forecast
- Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
- Attractive market segments and associated growth opportunities
- Emerging trends
- Strategic growth opportunities for the existing and new players
- Key success factors
Key Topics Covered:
1. Executive Summary
2. Graphite Electrode Market for the Metal Industry - Overview and Market Forces
2.1. Introduction
2.2. Market Classification
2.3. Market Drivers
2.4. Market Constraints
2.5. Supply Chain Analysis
2.6. Industry Life Cycle Analysis
2.7. PEST Analysis: Impact Assessment of Changing Business Environment
2.8. Porter's Five Forces Analysis
2.9. SWOT Analysis
3. Graphite Electrode Market Analysis for the Metal Industry - By Product Type
3.1. Strategic Insights
3.2. UHP Graphite Electrode Market for the Metal Industry (2013-2024) (US$ Million and Tons)
3.3. HP Graphite Electrode Market for the Metal Industry (2013-2024) (US$ Million and Tons)
3.4. RP Graphite Electrode Market for the Metal Industry (2013-2024) (US$ Million and Tons)
4. Graphite Electrode Market Analysis for the Metal Industry - By Application Type
4.1. Strategic Insights
4.2. Steel Production: Graphite Electrode Market (2013-2024) (US$ Million and Tons)
4.2.1. Regional Trend and Forecast (2013-2024) (US$ Million and Tons)
4.3. Silicon Production: Graphite Electrode Market (2013-2024) (US$ Million and Tons)
4.4. Aluminum Production: Graphite Electrode Market (2013-2024) (US$ Million and Tons)
5. Graphite Electrode Market Analysis for the Metal Industry - By Region
5.1. Strategic Insights
5.2. North American (NA) Graphite Electrode Market Analysis for the Metal Industry
5.2.1. NA Graphite Electrode Market for the Metal Industry, by Country (2013-2024) (US$ Million and Tons)
5.2.2. NA Graphite Electrode Market for the Metal Industry, by Product Type (2013-2024) (US$ Million and Tons)
5.2.3. NA Graphite Electrode Market for the Metal Industry, by Application Type (2013-2024) (US$ Million and Tons)
5.3. European (EU) Graphite Electrode Market Analysis for the Metal Industry
5.4. Asia-Pacific's (APAC) Graphite Electrode Market for the Metal Industry Analysis
5.5. Rest of the World's (RoW) Graphite Electrode Market Analysis for the Metal Industry
6. Competitive Analysis
6.1. Strategic Insights
6.2. Presence by Product Type
6.3. Geographical Presence (Manufacturing Capabilities)
6.4. Strategic Alliances: Mergers and Acquisitions, Joint Ventures, Collaborations, etc.
6.5. Market Share Analysis
7. Strategic Growth Opportunities
7.1. Strategic Insights
7.2. Market Attractive Analysis
7.2.1. Market Attractiveness by Product Type
7.2.2. Market Attractiveness by Application Type
7.2.3. Market Attractiveness by Region
7.2.4. Market Attractiveness by Country
7.3. Growth Matrix Analysis
7.4. Emerging Trends
7.5. Key Success Factors
8. Company Profile of Key Players
8.1. Showa Denko K.K.
8.2. GrafTech International Ltd.
8.3. Fangda Carbon New Material Co. Ltd.
8.4. Tokai Carbon Co. Ltd.
8.5. Graphite India Limited
8.6. Hindustan Electrode Graphite Ltd.
8.7. Energoprom
8.8. Kaifeng Carbon Co., Ltd, Zhongping Energy & Chemical Group
8.9. Nippon Carbon Co., Ltd.
8.10. Sangraf International Inc.
For more information about this report visit https://www.researchandmarkets.com/r/j49ui2