Industrial, Manufacturing & Heavy Industry Market News

Graphite electrodes market to reach $27.5 billion by 2022 according to new research report

Industrial Market Research

“Recently, the graphite electrode prices have risen sharply, impacting both the steel and aluminium industries. The surge in prices are due to supply side factors, rather than being driven by changes in the demand from the Chinese steel industry.”


The global graphite electrode market is an oligopolistic market, with no new entrants functioning in the industry since recent past. The graphite electrode market is facing a declining growth trend due to the possession of core technology by only a handful of players.

It is solely a technology sensitive and capital intensive market. The demand of graphite electrodes is majorly dependent on its application in manufacturing steel through smelting by using an electric arc furnace (EAF).