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Graphite Electrodes Market is expected to reach USD 12598.47 Million by 2024 | CAGR 4.23%

Graphite Electrodes Market is valued at 9426.90 USD Million in 2017 and expected to reach USD 12598.47 Million by 2024 with the CAGR of 4.23% over the forecast period.  Asia-pacific is expected to remain a major market for graphite electrodes due to long-term scrap availability along with growing EAF production capacity. Graphite electrodes are large cylindrical size mainly made up from needle coke. Graphite electrodes are mainly used for steel manufacturing process in electric arc furnaces (EAF). The use of graphite electrodes is not limited to steel manufacturing process but is also widely used in steel refining and smelting processes. Global graphite electrodes market report is segmented on the basis of type, application and by regional & country level. Based upon type, global graphite electrodes market is classified as Regular Power (RP), High Power (HP) and Ultra-high Power (UHP). Based upon application, global graphite electrodes market is classified as steel and nonferrous metals, fused materials, inverted and chemical processing. The regions covered in this graphite electrodes market report are North America, Europe, Asia-Pacific and Rest of the World. On the basis of country level, market of graphite electrodes is sub divided into U.S., Mexico, Canada, U.K., France, Germany, Italy, China, Japan, India, South East Asia etc.

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