흑연 전극 시장 규모, 점유율, 성장 분석 : 전극 등급별, 용도별, 지역별 - 업계 예측(2026-2033년)

Graphite Electrode Market size was valued at USD 3.69 Billion in 2024 and is poised to grow from USD 3.96 Billion in 2025 to USD 7.04 Billion by 2033, growing at a CAGR of 7.45% during the forecast period (2026-2033).

Graphite electrodes, large cylindrical structures made from petroleum, coal tar pitch, and needle coke, play a crucial role in melting scrap metal by converting electrical energy into heat. Known for their low electrical resistance and excellent heat conductivity, these electrodes can reach temperatures of up to 1600 degrees Celsius. Their unique properties make them indispensable in steel production processes, including electric arc and blast oxygen furnaces. The demand for steel, driven by factors like high mechanical strength and low impurity content, is expected to stimulate market growth. Additionally, the increasing focus on recycling and reusing scrap materials, such as old vehicles, presents significant opportunities for market players, enhancing the application of graphite electrodes in the scrap recycling sector globally.

Top-down and bottom-up approaches were used to estimate and validate the size of the Graphite Electrode market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.

Graphite Electrode Market Segments Analysis

Global Graphite Electrode Market is segmented by Electrode Grade, Dimension, Application and region. Based on Electrode Grade, the market is segmented into Ultra-High Power (UHP), High Power (SHP), Regular Power (RP). Based on Application, the market is segmented into Electric Arc Furnace (EAF), Basic Oxygen Furnace (BOF), Non-steel applications. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & and Africa.

Driver of the Graphite Electrode Market

The growth of the global graphite electrode market is significantly driven by the increasing demand for high-quality steel, largely fueled by rapid urbanization and industrialization in both developed and emerging nations. Key industries such as construction, automotive, and aviation are the primary end-users of steel, thereby enhancing the need for graphite electrodes, which are essential for the smelting process of steel production. This surge in infrastructure investment further intensifies the demand for graphite electrodes. Furthermore, the oil and gas sector's growing steel requirements contribute to market expansion. The superior properties of graphite electrodes, including excellent electrical conductivity and mechanical strength, further bolster their adoption across various industries, ensuring robust market growth.

Restraints in the Graphite Electrode Market

The growth of the global graphite electrode market is significantly hindered by the industry's capital-intensive nature. This market requires substantial investment in both capital and technology, which creates barriers for new entrants due to the established oligopoly. Manufacturers are increasingly transitioning from blast and ladle furnaces to electric arc furnaces (EAF), which necessitates advanced technological capabilities and significant capital expenditure for facility construction and modernization. Consequently, the rising demands for capital investment not only slow the market's expansion but also limit its potential for growth in the longer term, presenting a noteworthy constraint on the overall development of the graphite electrode sector.

Market Trends of the Graphite Electrode Market

The graphite electrode market is witnessing a significant upward trend driven by the rising adoption of Electric Arc Furnace (EAF) technology in steel manufacturing. This shift is largely attributed to the operational advantages offered by EAF, including lower initial costs, enhanced production flexibility, and reduced carbon emissions, aligning with global sustainability goals. As EAF becomes the preferred method for steel production due to its environmental and economic benefits, demand for graphite electrodes is poised to grow, supporting the expansion of the market. Moreover, their versatility allows for applications beyond steelmaking, including non-ferrous metal smelting and refining processes, further solidifying their market relevance and growth potential.

Table of Contents

Introduction

• Objectives of the Study
• Scope of the Report
• Definitions

Research Methodology

• Information Procurement
• Secondary & Primary Data Methods
• Market Size Estimation
• Market Assumptions & Limitations

Executive Summary

• Global Market Outlook
• Supply & Demand Trend Analysis
• Segmental Opportunity Analysis

Market Dynamics & Outlook

• Market Overview
• Market Size
• Market Dynamics
  • Driver & Opportunities
  • Restraints & Challenges
• Porters Analysis & Impact
  • Competitive rivalry
  • Threat of substitute
  • Bargaining power of buyers
  • Threat of new entrants
  • Bargaining power of suppliers

Key Market Insights

• Key Success Factors
• Degree of Competition
• Top Investment Pockets
• Market Ecosystem
• Market Attractiveness Index, 2025
• PESTEL Analysis
• Macro-Economic Indicators
• Value Chain Analysis
• Pricing Analysis
• Technological Advancement
• Regulatory Landscape
• Case Studies
• Customer & Buying Criteria Analysis

Global Graphite Electrode Market Size by Electrode Grade & CAGR (2026-2033)

• Market Overview
• Ultra-high Power (UHP)
• High Power (HP)
• Regular Power (RP)

Global Graphite Electrode Market Size by Application & CAGR (2026-2033)

• Market Overview
• Electric Arc Furnace (EAF)
• Basic Oxygen Furnace (BOF)
• Non-steel applications

Global Graphite Electrode Market Size & CAGR (2026-2033)

• North America, (Electrode Grade, Application)
  • US
  • Canada
• Europe, (Electrode Grade, Application)
  • UK
  • Germany
  • Spain
  • France
  • Italy
  • Rest of Europe
• Asia-Pacific, (Electrode Grade, Application)
  • China
  • India
  • Japan
  • South Korea
  • Rest of Asia Pacific
• Latin America, (Electrode Grade, Application)
  • Brazil
  • Rest of Latin America
• Middle East & Africa, (Electrode Grade, Application)
  • GCC Countries
  • South Africa
  • Rest of Middle East & Africa

Competitive Intelligence

• Top 5 Player Comparison
• Market Positioning of Key Players, 2025
• Strategies Adopted by Key Market Players
• Recent Developments in the Market
• Company Market Share Analysis, 2025
• Company Profiles of All Key Players
  • Company Details
  • Product Portfolio Analysis
  • Company's Segmental Share Analysis
  • Revenue Y-O-Y Comparison (2021-2023)

Key Company Profiles

• Graphite India Limited
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• HEG Limited
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Showa Denko K.K.
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Tokai Carbon Co., Ltd.
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Nippon Carbon Co., Ltd.
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• SGL Carbon SE
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Fangda Carbon New Material Co., Ltd.
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Kaifeng Carbon Co., Ltd.
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Jilin Carbon Import and Export Company Limited
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Yangzi Carbon Co., Ltd.
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Datong Carbon Corporation
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• SEC Carbon, Ltd.
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Toyo Tanso Co., Ltd.
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Mersen SA
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• EPM Group
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Carbone Savoie
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• IBIDEN Co., Ltd.
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Zhongping Energy & Chemical Group Co., Ltd.
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Liaoning Dantan Technology Group Co., Ltd. (Dan Carbon)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Sangraf International Inc.
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments

Conclusion & Recommendation