The uses of graphite electrode is increasing due to the development of electric arc furnace steelmaking applications. Since the 20th century, the demand for special steel has risen sharply in industries such as automobiles, aircraft, machinery, and electrolysis. After the s, electric arc furnace steelmaking developed towards large-scale and ultra-high power, which improved productivity, and developed a steelmaking method for smelting ordinary steel from scrap steel.
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In recent years, steel mills have begun to use scrap steel to produce ordinary steel, further promoting electric arc furnace steelmaking with the successful development of the large DC electric furnace. Graphite electrodes serve as conductors in electric arc furnace steelmaking and play a supporting role in the process.
Graphite electrode is mainly used for eaf steelmaking production. They have a wide range of applications in the industry due to their electrical conductivity and high thermal and chemical stability, such as refining steel, smelting metals, and producing non-ferrous alloys.
Their high-temperature stability of it makes them suitable for various industrial processes. These graphite electrodes are used to create electric arcs in various metal melting applications. This includes melting steel and other metals, creating alloys, welding castings, and forging parts.
They can withstand strong current shocks and are not easily oxidized as current-carrying conductors. It can withstand extremely high temperatures of degrees Celsius. Currently, no material can replace graphite electrodes in the smelting process.
The arc length per unit voltage of the DC electric arc furnace is more significant than that of the AC electric arc furnace, and the operating conditions of the graphite electrodes are more severe.
The industry requires electrodes with lower resistivity, thermal expansion coefficient, and higher bulk density for such high-current operation.
We can change the characteristics by adjusting the raw materials and production process types. You achieve control over these characteristics, which adapt to the operating conditions of the electric arc furnace.
Steel Industry: They are widely used in Electric Arc Furnaces (EAF) for steel production. They serve as the conductive elements that create the electric arc to melt the scrap. Electrodes must withstand extreme temperatures and high mechanical stress. They have excellent thermal resistance and mechanical strength and are the preferred choice for this application.
Aluminum industry: Graphite electrodes are used in the smelting process of aluminum production. They are used in the electrolysis of aluminum oxide (aluminum oxide) in electrolytic cells. They act as the cathode, carrying the current to separate the aluminum from the alumina. Graphite’s high electrical conductivity and chemical stability suit this process.
Silicon Industry: They can produce silicon and other silicon-based materials. In silicon refining, quartz, coke, etc., are used as raw materials to obtain high-purity silicon through chemical reactions. They are used in a resistance furnace to provide the required heat for the response. They have excellent thermal stability and chemical resistance.
Foundry Industry: Graphite electrodes manufacture cast iron and steel products in foundries. In this process, they are used in electric arc furnaces to melt the metal and act as conductors when starting the casting process. Graphite’s high melting point and thermal conductivity facilitate efficient heat transfer and can improve the quality of castings.
Chemical Industry: They are used in various chemical processes that require high temperatures and electrical conductivity. For example, they are used in electrolyzers to produce chlorine gas and caustic soda from brine solutions. They are also used to create certain chemicals, such as graphite fluoride, through electrochemical reactions.
More than 95% of artificial graphite electrodes are used for electrodes for electric arc furnace steelmaking. Therefore, the quality of electrodes is directly proportional to the output of electric arc furnace steelmaking. Benefit from high-quality electrodes with needle coke.
As far as the world is concerned, with the increase in electric arc furnace steelmaking and the decrease in electrode unit consumption, the demand for artificial graphite electrodes may remain unchanged or slightly increase.
Demand and Growth: The steel industry primarily drives the need for graphite electrodes, which will likely remain strong as global steel production grows. Moreover, emerging industries such as electric vehicles and renewable energy will probably drive further demand for them, especially for applications such as lithium-ion battery production.
Sustainability and Environmental Concerns: With increasing emphasis on sustainability and reducing carbon emissions, industries are exploring alternative processes and materials. While graphite electrodes contribute to energy-efficient and environmentally-friendly processes like electric arc furnaces, there is ongoing research to develop more sustainable and eco-friendly alternatives.
Technological Advancements: The development of new technologies and materials may impact the future of graphite electrodes. For instance, nanotechnology and carbon-based materials advancements could lead to novel electrode materials with enhanced performance and properties.
Shifts in Industrial Processes: The evolution of industrial processes, such as adopting new smelting technologies or alternative manufacturing methods, could influence the demand for them. It is essential to monitor industry trends and innovations to gauge their prospects.
While graphite electrode plays a significant role in various industries and applications, predicting their future requires considering multiple factors. The growth of industries that rely on graphite electrode, advancements in materials science, sustainability concerns, and emerging technologies will shape the future landscape. Monitoring industry trends and technological advances is crucial to determine their long-term prospects.
The UHP Graphite Electrode Market is expected to register a CAGR of greater than 5% during the forecast period.
UHP Graphite Electrode market was hard hit due to the repercussions of Covid-19 on the manufacturing sector across the globe. As the economic activities declined, the steel demand from the automotive and construction industry reduced adversely, leading to a direct impact on the demand for UHP Graphite Electrodes. On the positive front, the market witnessed a substantial rebound in with an active pick-up in economic activities, leading to a gradual drop in steel demand. In line with consistent development initiatives being undertaken across the globe, the expected rise in the steel demand is expected to keep the consumption of the UHP Graphite Electrode market appreciable in .
Decarbonization has been among the key focus of the countries over the past few years. Steel is one of the most important constructions and engineering materials that form the manufacturing sector's core pillars in various economies. The steel industry is currently looking for ways to reduce its carbon footprint from both economic and environmental perspectives. To limit the pollutants from the steel manufacturing process, companies have been continuously adopting the 'Electric Arc Furnace Route,' which uses scrap steel and electricity for steel production, expelling minimum waste during the process.
The steel industry is one of the most carbon and energy-intensive industries. Increasing the share of steel production from electric arc furnaces (EAF) by using renewable energy sources is one of the high potential ways to decarbonize the industry.
In , steel production from blast furnaces accounted for 70% of the total steel production worldwide, while 30% of steel was produced from the electric arc process. Raw steel production increased by nearly 6% in concerning and is expected to increase further in the forecast period in line with development plans in major economies across the globe.
The UHP graphite electrode market will likely grow globally due to all these factors during the forecast period.
Understand The Key Trends Shaping This Market Download PDFThe Asia-Pacific region is expected to dominate the market. In the region, China is the largest economy in terms of GDP. China and India are among the fastest emerging economies in the world.
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China is the world's leading producer and exporter of steel globally. The country dominates globally, representing nearly 56% of total crude steel production. China has been looking for ways to decarbonize the steel sector so that it does not need to cap steel production in line with the government's stringent pollution standards. In , China approved the construction of 43 new EAFs, which are expected to be commissioned between -. By , China plans to account for 15-20% of the total steel production by EAF route, which is expected to lead to a substantial increase in the demand for UHP Graphite Rods in the market.
India is regarded as the second-largest steel-producing nation behind China. In , India's Crude Steel Production Stood at 118 million tonnes, depicting a growth of 18% from the previous year. The substantial growth observed in the Indian Steel manufacturing sector has been due to ample raw materials and cost-effective labor. Increasing government emphasis on decarbonizing the steel sector is expected to elevate the adoption of the electric furnace method for steel production, thereby propelling the demand for UHP Graphite Electrodes in the forecast period
Due to all such factors, the market for UHP Graphite Electrode in the region is expected to steady growth during the forecast period.
Get Analysis on Important Geographic Markets Download PDFThe UHP Graphite Electrode Market is consolidated, with the top five players accounting for nearly 45% of the global market. Some of the major players in the market include GrafTech International, FangDa Carbon New Material Co. Ltd, Showa Denko K.K, ZHONGZE Group, and Nantong Yangzi Carbon, among others (not in any particular order).
GrafTech International
Fangda Carbon New Material Co. Ltd
Showa Denko K.K.
ZHONGZE GROUP
Nantong Yangzi Carbon
1. INTRODUCTION
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
5. MARKET SEGMENTATION
6. COMPETITIVE LANDSCAPE
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
UHP Graphite Electrode is a type of Graphite Electrode designed for high performance in the electric arc furnace industry. UHP Graphite Electrode is mainly composed of high valued-needle coke derived from petroleum or coal tar. The Electrode is majorly utilized for the steel recycling and production process in the electric arc furnace. UHP Graphite Electrodes are known for their stable performance and cost-saving advantage in steel-making and recycling. UHP Graphite Electrode is also widely used in the smelting process of yellow phosphorous and silica. The UHP Graphite Electrode Market is segmented by application and geography. By Application, the market is segmented into electric arc furnaces, basic oxygen furnaces, and non-steel. The report also covers the market size and forecasts for the UHP Graphite Electrode Market in 15 countries across major regions. For each segment, the market sizing and forecasts have been done based on volume (kilo tons).
Application Electric Arc Furnace (EAF) Basic Oxygen Furnace (BOF) Non-Steel Geography Asia-Pacific China India Japan South Korea Rest of Asia-Pacific North America United States Canada Mexico Europe Germany United Kingdom Italy France Rest of Europe South America Brazil Argentina Rest of South America Middle-East and Africa Saudi Arabia South Africa Rest of Middle-East and Africa Need A Different Region or Segment? Customize NowWhat is the current UHP Graphite Electrode Market size?
The UHP Graphite Electrode Market is projected to register a CAGR of greater than 5% during the forecast period (-)
Who are the key players in UHP Graphite Electrode Market?
GrafTech International, Fangda Carbon New Material Co. Ltd, Showa Denko K.K., ZHONGZE GROUP and Nantong Yangzi Carbon are the major companies operating in the UHP Graphite Electrode Market.
Which is the fastest growing region in UHP Graphite Electrode Market?
Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (-).
Which region has the biggest share in UHP Graphite Electrode Market?
In , the Asia-Pacific accounts for the largest market share in UHP Graphite Electrode Market.
What years does this UHP Graphite Electrode Market cover?
The report covers the UHP Graphite Electrode Market historical market size for years: , , , , and . The report also forecasts the UHP Graphite Electrode Market size for years: , , , , and .
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