Graphite Electrode Market Size, Share, Industry, Forecast and outlook (2024-2031)
The Global Graphite Electrode Market reached USD 8.1 billion in 2022 and is expected to reach USD 13.0 billion by 2031 growing with a CAGR of 6.2% during the forecast period 2024-2031. The demand for steel is a primary driver for graphite electrodes, as they are an essential component of EAFs used in steelmaking. Growing industrialization, urbanization and infrastructure development in emerging economies have fueled the demand for steel and subsequently graphite electrodes.