Graphite Electrodes Market Growth, Trends Forecasts 2016-2020

Technavio Announces the Publication of its Research Report Global Graphite Electrodes Market 2016-2020
Technavio recognizes the following companies as the key players in the global graphite electrodes market: GrafTech International, Graphite India, SGL Carbon, Showa Denko Carbon, and Nippon Carbon.

Other Prominent Vendors in the market are: HEG, Kaifeng Carbon, Nantong Yangzi Carbon, Schutz Carbon Electrodes, and Tokai Carbon.

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Commenting on the report, an analyst from Technavios team said: Exploring opportunities in high-growth sector will be a key trend for market growth. Growth in infrastructure and construction, oil and gas industry, and automotive industries varies in countries that have shown robust growth rates for steel consumption. In terms of steel demand, infrastructure and construction remain the dominant sectors. Most of the growth in the automotive industry will come from China, the US, Brazil, India, and Japan. China's automotive sector is expected to grow significantly, as lightweight vehicle production concept is on the go. Increasing capital expenditure on upstream gas and oil offers a significant opportunity to provide anti-corrosive, high-value products for oil wells and pipelines. Growing demand for steel in diverse industries could boost the use of EAF, thereby increasing the demand for graphite electrodes.”

According to the report, growth in end-user industries will be a key driver for market growth. The automotive, mechanical machinery, and infrastructure and construction industries are the main users of steel and have been driving the steel demand for many years. The infrastructure and construction sector, which accounts for more than 51.53% of the world steel consumption, is expected to post a CAGR of 7.6 % until 2020. Similarly, the machinery and automotive industries, which account for roughly 14.84% and...