The global market for Graphite Electrodes was estimated to be worth US$ 5830 million in 2024 and is forecast to a readjusted size of US$ 6043 million by 2031 with a CAGR of 1.2% during the forecast period 2025-2031.
This report provides a comprehensive assessment of recent tariff adjustments and international strategic countermeasures on Graphite Electrodes cross-border industrial footprints, capital allocation patterns, regional economic interdependencies, and supply chain reconfigurations.
In 2024, global graphite electrode production reached 1.1 million tons, with an average price range of $5,300 per ton.
Graphite electrodes are highly conductive and high-temperature resistant materials. They are primarily used as a conductive medium in the electric arc furnace (EAF) or induction furnace (LF) steelmaking process, converting electrical energy into heat to melt steel.
The global graphite electrode market is dominated by several leading companies, including Resonac, Fangda Carbon New Materials Technology Co., Ltd., GrafTech International, Graphite India Limited (GIL), HEG Limited, and Tokai Carbon. These companies leverage advanced production processes, high-quality raw materials, and stable supply capabilities to provide core consumables to the global steel, metallurgy, and other industries. With the development of electric arc furnace steelmaking and new energy steelmaking processes, demand for graphite electrodes has maintained steady growth. At the same time, technological upgrades, environmental protection requirements, and the trend toward localization of high-end products are driving market competition toward higher value-added and technological innovation. For downstream users, selecting a reliable graphite electrode supplier not only ensures production efficiency and product quality, but also helps mitigate the risk of cost fluctuations and achieve sustainable development.
This report aims to provide a comprehensive presentation of the global market for Graphite Electrodes, focusing on the total sales volume, sales revenue, price, key companies market share and ranking, together with an analysis of Graphite Electrodes by region & country, by Type, and by Application.
The Graphite Electrodes market size, estimations, and forecasts are provided in terms of sales volume (Kilotons) and sales revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. With both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Graphite Electrodes.
Market Segmentation
By Company
- Resonac
- Fangda Carbon New Materials Technology Co., Ltd
- GrafTech International
- Graphite India Limited (GIL)
- HEG Limited
- Tokai Carbon
- SEC Carbon, Ltd
- El 6 Group
- Jilin Carbon Group Ltd
- Kaifeng Pingmei
- Nantong Yangzi Carbon Co., Ltd.
- Nippon Carbon Co., Ltd
Segment by Type
- Regular Power Graphite Electrodes
- High Power Graphite Electrodes
- Ultra High Power (UHP) Graphite Electrodes
Segment by Application
By Region
- North America
- Asia-Pacific
- China
- Japan
- South Korea
- Southeast Asia
- India
- Australia
- Rest of Asia-Pacific
- Europe
- Germany
- France
- U.K.
- Italy
- Netherlands
- Nordic Countries
- Rest of Europe
- Latin America
- Mexico
- Brazil
- Rest of Latin America
- Middle East & Africa
- Turkey
- Saudi Arabia
- UAE
- Rest of MEA
Chapter Outline
Chapter 1: Introduces the report scope of the report, global total market size (value, volume and price). This chapter also provides the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 2: Detailed analysis of Graphite Electrodes manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 4: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 5: Sales, revenue of Graphite Electrodes in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space, and market size of each country in the world.
Chapter 6: Sales, revenue of Graphite Electrodes in country level. It provides sigmate data by Type, and by Application for each country/region.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Conclusion.
Table of Contents
1 Market Overview
- 1.1 Graphite Electrodes Product Introduction
- 1.2 Global Graphite Electrodes Market Size Forecast
- 1.2.1 Global Graphite Electrodes Sales Value (2020-2031)
- 1.2.2 Global Graphite Electrodes Sales Volume (2020-2031)
- 1.2.3 Global Graphite Electrodes Sales Price (2020-2031)
- 1.3 Graphite Electrodes Market Trends & Drivers
- 1.3.1 Graphite Electrodes Industry Trends
- 1.3.2 Graphite Electrodes Market Drivers & Opportunity
- 1.3.3 Graphite Electrodes Market Challenges
- 1.3.4 Graphite Electrodes Market Restraints
- 1.4 Assumptions and Limitations
- 1.5 Study Objectives
- 1.6 Years Considered
2 Competitive Analysis by Company
- 2.1 Global Graphite Electrodes Players Revenue Ranking (2024)
- 2.2 Global Graphite Electrodes Revenue by Company (2020-2025)
- 2.3 Global Graphite Electrodes Players Sales Volume Ranking (2024)
- 2.4 Global Graphite Electrodes Sales Volume by Company Players (2020-2025)
- 2.5 Global Graphite Electrodes Average Price by Company (2020-2025)
- 2.6 Key Manufacturers Graphite Electrodes Manufacturing Base and Headquarters
- 2.7 Key Manufacturers Graphite Electrodes Product Offered
- 2.8 Key Manufacturers Time to Begin Mass Production of Graphite Electrodes
- 2.9 Graphite Electrodes Market Competitive Analysis
- 2.9.1 Graphite Electrodes Market Concentration Rate (2020-2025)
- 2.9.2 Global 5 and 10 Largest Manufacturers by Graphite Electrodes Revenue in 2024
- 2.9.3 Global Top Manufacturers by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Graphite Electrodes as of 2024)
- 2.10 Mergers & Acquisitions, Expansion
3 Segmentation by Type
- 3.1 Introduction by Type
- 3.1.1 Regular Power Graphite Electrodes
- 3.1.2 High Power Graphite Electrodes
- 3.1.3 Ultra High Power (UHP) Graphite Electrodes
- 3.2 Global Graphite Electrodes Sales Value by Type
- 3.2.1 Global Graphite Electrodes Sales Value by Type (2020 VS 2024 VS 2031)
- 3.2.2 Global Graphite Electrodes Sales Value, by Type (2020-2031)
- 3.2.3 Global Graphite Electrodes Sales Value, by Type (%) (2020-2031)
- 3.3 Global Graphite Electrodes Sales Volume by Type
- 3.3.1 Global Graphite Electrodes Sales Volume by Type (2020 VS 2024 VS 2031)
- 3.3.2 Global Graphite Electrodes Sales Volume, by Type (2020-2031)
- 3.3.3 Global Graphite Electrodes Sales Volume, by Type (%) (2020-2031)
- 3.4 Global Graphite Electrodes Average Price by Type (2020-2031)
4 Segmentation by Application
- 4.1 Introduction by Application
- 4.1.1 EAF
- 4.1.2 LF
- 4.1.3 Others
- 4.2 Global Graphite Electrodes Sales Value by Application
- 4.2.1 Global Graphite Electrodes Sales Value by Application (2020 VS 2024 VS 2031)
- 4.2.2 Global Graphite Electrodes Sales Value, by Application (2020-2031)
- 4.2.3 Global Graphite Electrodes Sales Value, by Application (%) (2020-2031)
- 4.3 Global Graphite Electrodes Sales Volume by Application
- 4.3.1 Global Graphite Electrodes Sales Volume by Application (2020 VS 2024 VS 2031)
- 4.3.2 Global Graphite Electrodes Sales Volume, by Application (2020-2031)
- 4.3.3 Global Graphite Electrodes Sales Volume, by Application (%) (2020-2031)
- 4.4 Global Graphite Electrodes Average Price by Application (2020-2031)
5 Segmentation by Region
- 5.1 Global Graphite Electrodes Sales Value by Region
- 5.1.1 Global Graphite Electrodes Sales Value by Region: 2020 VS 2024 VS 2031
- 5.1.2 Global Graphite Electrodes Sales Value by Region (2020-2025)
- 5.1.3 Global Graphite Electrodes Sales Value by Region (2026-2031)
- 5.1.4 Global Graphite Electrodes Sales Value by Region (%), (2020-2031)
- 5.2 Global Graphite Electrodes Sales Volume by Region
- 5.2.1 Global Graphite Electrodes Sales Volume by Region: 2020 VS 2024 VS 2031
- 5.2.2 Global Graphite Electrodes Sales Volume by Region (2020-2025)
- 5.2.3 Global Graphite Electrodes Sales Volume by Region (2026-2031)
- 5.2.4 Global Graphite Electrodes Sales Volume by Region (%), (2020-2031)
- 5.3 Global Graphite Electrodes Average Price by Region (2020-2031)
- 5.4 North America
- 5.4.1 North America Graphite Electrodes Sales Value, 2020-2031
- 5.4.2 North America Graphite Electrodes Sales Value by Country (%), 2024 VS 2031
- 5.5 Europe
- 5.5.1 Europe Graphite Electrodes Sales Value, 2020-2031
- 5.5.2 Europe Graphite Electrodes Sales Value by Country (%), 2024 VS 2031
- 5.6 Asia Pacific
- 5.6.1 Asia Pacific Graphite Electrodes Sales Value, 2020-2031
- 5.6.2 Asia Pacific Graphite Electrodes Sales Value by Region (%), 2024 VS 2031
- 5.7 South America
- 5.7.1 South America Graphite Electrodes Sales Value, 2020-2031
- 5.7.2 South America Graphite Electrodes Sales Value by Country (%), 2024 VS 2031
- 5.8 Middle East & Africa
- 5.8.1 Middle East & Africa Graphite Electrodes Sales Value, 2020-2031
- 5.8.2 Middle East & Africa Graphite Electrodes Sales Value by Country (%), 2024 VS 2031
6 Segmentation by Key Countries/Regions
- 6.1 Key Countries/Regions Graphite Electrodes Sales Value Growth Trends, 2020 VS 2024 VS 2031
- 6.2 Key Countries/Regions Graphite Electrodes Sales Value and Sales Volume
- 6.2.1 Key Countries/Regions Graphite Electrodes Sales Value, 2020-2031
- 6.2.2 Key Countries/Regions Graphite Electrodes Sales Volume, 2020-2031
- 6.3 United States
- 6.3.1 United States Graphite Electrodes Sales Value, 2020-2031
- 6.3.2 United States Graphite Electrodes Sales Value by Type (%), 2024 VS 2031
- 6.3.3 United States Graphite Electrodes Sales Value by Application, 2024 VS 2031
- 6.4 Europe
- 6.4.1 Europe Graphite Electrodes Sales Value, 2020-2031
- 6.4.2 Europe Graphite Electrodes Sales Value by Type (%), 2024 VS 2031
- 6.4.3 Europe Graphite Electrodes Sales Value by Application, 2024 VS 2031
- 6.5 China
- 6.5.1 China Graphite Electrodes Sales Value, 2020-2031
- 6.5.2 China Graphite Electrodes Sales Value by Type (%), 2024 VS 2031
- 6.5.3 China Graphite Electrodes Sales Value by Application, 2024 VS 2031
- 6.6 Japan
- 6.6.1 Japan Graphite Electrodes Sales Value, 2020-2031
- 6.6.2 Japan Graphite Electrodes Sales Value by Type (%), 2024 VS 2031
- 6.6.3 Japan Graphite Electrodes Sales Value by Application, 2024 VS 2031
- 6.7 South Korea
- 6.7.1 South Korea Graphite Electrodes Sales Value, 2020-2031
- 6.7.2 South Korea Graphite Electrodes Sales Value by Type (%), 2024 VS 2031
- 6.7.3 South Korea Graphite Electrodes Sales Value by Application, 2024 VS 2031
- 6.8 Southeast Asia
- 6.8.1 Southeast Asia Graphite Electrodes Sales Value, 2020-2031
- 6.8.2 Southeast Asia Graphite Electrodes Sales Value by Type (%), 2024 VS 2031
- 6.8.3 Southeast Asia Graphite Electrodes Sales Value by Application, 2024 VS 2031
- 6.9 India
- 6.9.1 India Graphite Electrodes Sales Value, 2020-2031
- 6.9.2 India Graphite Electrodes Sales Value by Type (%), 2024 VS 2031
- 6.9.3 India Graphite Electrodes Sales Value by Application, 2024 VS 2031
7 Company Profiles
- 7.1 Resonac
- 7.1.1 Resonac Company Information
- 7.1.2 Resonac Introduction and Business Overview
- 7.1.3 Resonac Graphite Electrodes Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.1.4 Resonac Graphite Electrodes Product Offerings
- 7.1.5 Resonac Recent Development
- 7.2 Fangda Carbon New Materials Technology Co., Ltd
- 7.2.1 Fangda Carbon New Materials Technology Co., Ltd Company Information
- 7.2.2 Fangda Carbon New Materials Technology Co., Ltd Introduction and Business Overview
- 7.2.3 Fangda Carbon New Materials Technology Co., Ltd Graphite Electrodes Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.2.4 Fangda Carbon New Materials Technology Co., Ltd Graphite Electrodes Product Offerings
- 7.2.5 Fangda Carbon New Materials Technology Co., Ltd Recent Development
- 7.3 GrafTech International
- 7.3.1 GrafTech International Company Information
- 7.3.2 GrafTech International Introduction and Business Overview
- 7.3.3 GrafTech International Graphite Electrodes Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.3.4 GrafTech International Graphite Electrodes Product Offerings
- 7.3.5 GrafTech International Recent Development
- 7.4 Graphite India Limited (GIL)
- 7.4.1 Graphite India Limited (GIL) Company Information
- 7.4.2 Graphite India Limited (GIL) Introduction and Business Overview
- 7.4.3 Graphite India Limited (GIL) Graphite Electrodes Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.4.4 Graphite India Limited (GIL) Graphite Electrodes Product Offerings
- 7.4.5 Graphite India Limited (GIL) Recent Development
- 7.5 HEG Limited
- 7.5.1 HEG Limited Company Information
- 7.5.2 HEG Limited Introduction and Business Overview
- 7.5.3 HEG Limited Graphite Electrodes Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.5.4 HEG Limited Graphite Electrodes Product Offerings
- 7.5.5 HEG Limited Recent Development
- 7.6 Tokai Carbon
- 7.6.1 Tokai Carbon Company Information
- 7.6.2 Tokai Carbon Introduction and Business Overview
- 7.6.3 Tokai Carbon Graphite Electrodes Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.6.4 Tokai Carbon Graphite Electrodes Product Offerings
- 7.6.5 Tokai Carbon Recent Development
- 7.7 SEC Carbon, Ltd
- 7.7.1 SEC Carbon, Ltd Company Information
- 7.7.2 SEC Carbon, Ltd Introduction and Business Overview
- 7.7.3 SEC Carbon, Ltd Graphite Electrodes Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.7.4 SEC Carbon, Ltd Graphite Electrodes Product Offerings
- 7.7.5 SEC Carbon, Ltd Recent Development
- 7.8 El 6 Group
- 7.8.1 El 6 Group Company Information
- 7.8.2 El 6 Group Introduction and Business Overview
- 7.8.3 El 6 Group Graphite Electrodes Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.8.4 El 6 Group Graphite Electrodes Product Offerings
- 7.8.5 El 6 Group Recent Development
- 7.9 Jilin Carbon Group Ltd
- 7.9.1 Jilin Carbon Group Ltd Company Information
- 7.9.2 Jilin Carbon Group Ltd Introduction and Business Overview
- 7.9.3 Jilin Carbon Group Ltd Graphite Electrodes Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.9.4 Jilin Carbon Group Ltd Graphite Electrodes Product Offerings
- 7.9.5 Jilin Carbon Group Ltd Recent Development
- 7.10 Kaifeng Pingmei
- 7.10.1 Kaifeng Pingmei Company Information
- 7.10.2 Kaifeng Pingmei Introduction and Business Overview
- 7.10.3 Kaifeng Pingmei Graphite Electrodes Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.10.4 Kaifeng Pingmei Graphite Electrodes Product Offerings
- 7.10.5 Kaifeng Pingmei Recent Development
- 7.11 Nantong Yangzi Carbon Co., Ltd.
- 7.11.1 Nantong Yangzi Carbon Co., Ltd. Company Information
- 7.11.2 Nantong Yangzi Carbon Co., Ltd. Introduction and Business Overview
- 7.11.3 Nantong Yangzi Carbon Co., Ltd. Graphite Electrodes Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.11.4 Nantong Yangzi Carbon Co., Ltd. Graphite Electrodes Product Offerings
- 7.11.5 Nantong Yangzi Carbon Co., Ltd. Recent Development
- 7.12 Nippon Carbon Co., Ltd
- 7.12.1 Nippon Carbon Co., Ltd Company Information
- 7.12.2 Nippon Carbon Co., Ltd Introduction and Business Overview
- 7.12.3 Nippon Carbon Co., Ltd Graphite Electrodes Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.12.4 Nippon Carbon Co., Ltd Graphite Electrodes Product Offerings
- 7.12.5 Nippon Carbon Co., Ltd Recent Development
8 Industry Chain Analysis
- 8.1 Graphite Electrodes Industrial Chain
- 8.2 Graphite Electrodes Upstream Analysis
- 8.2.1 Key Raw Materials
- 8.2.2 Raw Materials Key Suppliers
- 8.2.3 Manufacturing Cost Structure
- 8.3 Midstream Analysis
- 8.4 Downstream Analysis (Customers Analysis)
- 8.5 Sales Model and Sales Channels
- 8.5.1 Graphite Electrodes Sales Model
- 8.5.2 Sales Channel
- 8.5.3 Graphite Electrodes Distributors
9 Research Findings and Conclusion
10 Appendix
- 10.1 Research Methodology
- 10.1.1 Methodology/Research Approach
- 10.1.1.1 Research Programs/Design
- 10.1.1.2 Market Size Estimation
- 10.1.1.3 Market Breakdown and Data Triangulation
- 10.1.2 Data Source
- 10.1.2.1 Secondary Sources
- 10.1.2.2 Primary Sources
- 10.2 Author Details
- 10.3 Disclaimer