Get In Touch

Electrode paste, also known as soderberg paste, is used in the manufacture of carbon electrodes. It is employed in electric arc furnace for the production of various types of ferrous and non-ferrous alloys and other chemicals. Various raw materials are required for the production of electrode paste. These include calcined anthracite, coal tar, and calcined petroleum coke or calcined pitch coke.

Significant advancements have taken place in electrode paste over the last few decades. Electrode paste helps decrease the impedance of the contact. It can easily be modified by using various other types of mixtures in order to obtain desired shapes and properties. However, high cost of production and high initial cost of implementation are likely to hamper the electrode paste market. Implementation of stringent regulations pertaining to the manufacture of electrode paste is adversely affecting the manufacturing process. However, technological advancements are projected to lower the cost of electrode paste.

The electrode paste market can be segmented based on grade, form, application, and region. In terms of grade, the market can be bifurcated into unbaked paste and baked paste. Based on form, the electrode paste market can be classified into briquette carbon electrode, trapezium carbon electrode, cylinder electrode paste, and others. The size and shape of briquette carbon electrode depends on the shape of molds. Trapezium carbon electrodes widen at their ends akin to a trapezium, where the electrode junction is made during the manufacturing process. Electrode paste is used in a wide range of applications such as ferrous alloys, non-ferrous alloys, calcium carbide, metal cleaning, and others. Electrode paste is largely used in the production of ferro alloys, metal cleaning products, and calcium carbide. 

In terms of region, Asia Pacific is the prominent region of the global electrode paste market, led by rapid growth in the industrial sector in countries such as India, China, Japan, and Australia. The electrode paste market in China is estimated to expand at a substantial pace owing to the high growth in the manufacturing industry, which uses electrode paste for various purposes. Countries in Europe such as France, Germany, and Italy employ electrode paste in the production of alloys and super alloys. North America is the one of the major regions of the global electrode paste market, led by the U.S. Government’s policy to refurbish its industrial and commercial sector. Increase in demand for high performance, lightweight materials in aerospace, automotive, industrial gas turbines, and industrial applications is expected to positively impact the electrode paste market. The Association of European Ferro-Alloy Producers has been promoting the usage of electrode paste in various applications. Demand for electrode paste in countries such as Mexico and Brazil in Latin America is rising due to the rapid industrialization. Africa is also anticipated to create lucrative opportunities for the electrode paste market in the next few years due to the increase the production of alloys and super alloys in the region.

Key players operating in the global electrode paste market include Lanzhou Yangguang Carbon Corp, Elkem Carbon, India Carbon Ltd., Redox Pty Ltd, Shanxi Danyuan Holdings Co., Ltd.,  Carbon Resources (P) Ltd, and VUM, a.s. These companies are investing in R&D activities to develop advanced products to cater to the demand from various industries.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

With a robust experience in creating exceptional market reports, Transparency Market Research has emerged as one of the trusted market research companies among a large number of stakeholders and CXOs. Every report at Transparency Market Research goes through rigorous research activity in every aspect. The researchers at TMR keep a close watch on the market and extract beneficial growth-boosting points. These points help the stakeholders to strategize their business plans accordingly.

TMR researchers conduct exhaustive qualitative and quantitative research. This research involves taking inputs from the experts in the market, focused attention on recent developments, and others. This method of research makes TMR stand out from other market research firms.

Here's how Transparency Market Research helps the stakeholders and CXOs through the reports:

Inculcation and Evaluation of Strategic Collaborations: The TMR researchers analyze recent strategic activities like mergers, acquisitions, partnerships, collaborations, and joint ventures. All the information is compiled and included in the report.

Perfect Market Size Estimations: The report analyzes the demographics, growth potential, and capability of the market through the forecast period. This factor leads to the estimation of the market size and also provides an outline about how the market will retrieve growth during the assessment period.

Investment Research: The report focuses on the ongoing and upcoming investment opportunities across a particular market. These developments make the stakeholders aware of the current investment scenario across the market.

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

Custom Market Research Services

TMR offers custom market research services that help clients to get information on their business scenario required where syndicated solutions are not enough.


Electrode Paste Market

Pre Book