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Graphite Electrodes Market: Surged Demands for Electric Arc Furnace (EAF) Steel Maneuvers Growth Drivers

Press release Description

Albany, New York, August 28, 2018: Owing to its innate properties of electricity conductivity, graphite electrodes find ample utility in steel and aluminum industries. A key component in smelting industry, graphite electrode is a highly sought after industrial component in electric arc furnace which contributes notably towards the growth of graphite electrode market. To evaluate the implications of ongoing developments in graphite electrode market, Market Research Reports Search Engine (MRRSE) has collated a new research report titled, ‘Graphite Electrodes Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 – 2026‘, to its diverse repository.

Restricted Supply of Needle Coke Amounts to Surged Prices in Graphite Electrode Market

Needle coke, used primarily in the manufacture of graphite electrodes has of late resembled supply depreciation thereby reflecting considerably on the supply of graphite electrodes. At the backdrop of depreciated supply, manufacturers in graphite electrode market are integrating resources to procure superior quality graphite electrodes and control price hikes. To continue their dominance in graphite electrodes market, leading manufacturers are relying primarily on facility expansion as well as strategic mergers and acquisitions as staple growth strategies.

Strategic Acquisition Benefits Global Vendor, Showa Denko

One of the leading global vendors in graphite electrode market, Showa Denko has recently upgraded its production capabilities with the launch of a new production facility, PFC-75 at Ridgeville that exhibits a robust capacity of 75,000 metric tons of annual production capacity. This recent venture coupled with its acquisition of SGL GE, best known for its superior graphite electrode offerings offers new growth horizons for Showa Denko thereby strengthening its stance in graphite electrode market.

The report offers readers with a detailed overview of various market segments associated with graphite electrode market, chief amongst them include, type and application. Based on type graphite electrode market is categorized as ultra-high power (UHP), high power (HP), and regular power (RP). On the basis of application graphite electrode market is classified as steel and non-ferrous metals, fused materials, and chemical processing amongst others. This section of the report briefs readers about the impact of market segments in steering growth in graphite electrode market, besides enabling readers to identify the segment associated with surged revenue generation in graphite electrode market.

Additionally, the report also enables readers to gain primary insights on geographical distribution of the market, based on which graphite electrode market is fragmented as Europe, North America, Latin America, Asia-Pacific, and Middle East and Africa. Elaborate description of market segmentation enumerated in the report allow readers to gain firsthand information about various marketing practices employed by core players across regions in graphite electrode market, and their resultant impact on end-user response.

Key Players: Graphite Electrode Market

Comprehensive research elements included in the report allow readers to gauge the impact of marketing practices in luring favorable end-user response in terms of their preferences and subsequent buying discretion. New and existing market players in graphite electrode market can derive critical understanding about market dynamics as well as potent marketing practices with the aid of detailed analytical study. Based on derived insights market players can facilitate profit oriented marketing schemes that incur sustained revenue streams as well as stability in graphite electrode market. Noted players in graphite electrode market consists of Showa Denko K.K., GrafTech International, Graphite India Limited, Nippon Carbon Co. Ltd., and HEG Limited amongst others.

Browse Full Global Graphite Electrode Market Report with TOC :

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