Lucintel's latest market report analyzed that graphite electrode provides attractive opportunities in the steel, silicon metal, and aluminum applications. The graphite electrode market is expected to reach $10.5 billion by 2028 with a CAGR of 6.5%. In this market, ultra-high power is the largest segment by product type, whereas steel is largest by application.
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Based on product type, the graphite electrode market is segmented into ultra-high power, high power, and regular power. The ultra-high power segment accounted for the largest share of the market in 2023 and is expected to register the highest CAGR during the forecast period, as it ensures exceptional strength, thermal resistance, and high strength properties.
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The Graphite Electrode Market is marked by the presence of several big and small players. Some of the prominent players offering graphite electrode include Showa Denko, GRAFTech, Graphite India Limited (GIL), HEG, Tokai Carbon.
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