Graphite has found a wide array of application in various industrial applications. Graphite has the property of low friction and self-lubrication, high thermal resistance & conductivity, electrical conductivity, low wet ability by liquid metals and other which makes it an ideal material for the application in petroleum industries, electric motor and others. Graphite electrode rod is widely used in the petroleum application. Additionally they are also used in the automotive industries in the manufacturing of the electric motors.
|Market||Graphite Electrode Rod Market|
|Analysis Period||2015 - 2026|
|Forecast Data||2015 - 2026|
|Segments Covered||By Types By Application and By Geography|
|Regional Scope||North America, Europe, Asia Pacific, Latin America, and Middle East & Africa|
|Key Companies Profiled||Showa Denko K.K., Tokai Carbon, Jilin Carbon , Fangda Carbon ,Nippon Carbon ,Ray Group, Graphite India Limited (GIL) ,GrafTech ,HEG Limited ,SANGRAF International ,Kaifeng Carbon Co. ,Misano Group ,Nantong Yangzi Carbon ,Graphite Cova and others|
||Market Trends, Drivers, Restraints, Competitive Analysis, Player Profiling, Regulation Analysis|
|Customization Scope||10 hrs of free customization and expert consultation|
The global graphite electrode rod market is majorly driven by increasing demand for the various petroleum products. These are also used in the electric arc furnaces which will increased the demand for the graphite electrode rod; ultimately ameliorating the growth of the market. During last few decades, there is a significant increase in the number of the automotive industries, wide benefits of the graphite, low cost of the rods, and continuous development in the technology has boosted the growth of the market. Additionally, high purity graphite electrode rod is preferred in nuclear industries due to their low absorption of neutrons, high thermal conductivity and ability to withstand the high temperature. This application for the graphite electrode rod will fuel the growth of the market.
However, continuous research & development and continuous improvement in the raw material has increased the availability of the substitutes which may slow the growth of the market.
Market Classification and Overview
The global graphite electrode rod market is segmented on the basis of types and application. On the basis of types the market is majorly segmented into regular power graphite electrodes, ultra high power graphite electrodes, high power graphite electrodes. On the basis of application the market is segmented into petroleum, automotive, research & development, and others.
Geographically, the global graphite electrode rod market is dominated by North America owing to the presence of huge demand for the graphite electrode rod from various sectors including petroleum, automotive and nuclear. High spending of the R&D, and continuous development in the technology has fuelled the growth of the market. Europe commands for the second leading position followed by Asia Pacific. The major factor contributing the growth of the market are increasing demand for the electric motors from the automotive industries, government support for the R&D, and high spending on the advancement of the technology. Asia Pacific is the fastest growing region in the market which is majorly horse headed by availability of the huge workforce at the low cost, cheap cost of raw material and continuous development in the economies. China dominates the APAC market owing to the huge production capacity of the raw material as well as one of the prominent consumer of the products. On the other hand, LAMEA is expecting a huge opportunity for the market due to continuously increasing automotive and petroleum industries, and availability of limited number of market player in this region.
The major players in the market are :
Market By Types
Market By Application
Market By Geography