For high intensity and high-temperature applications, graphite electrode is used in small or large diameters. One of the primary use of graphite electrodes is in the production of non-ferrous metals. In electric arc furnaces, the graphite electrode is used in the production of steel. Other applications of this steel include smelting and refining processes.
The prominent traits of graphite electrodes may include its capacity to bear electrical resistance up to 1,400°C temperature, anti-oxidation treatment for durability, good surface finishing, and high machining accuracy. The graphite electrode also provides huge flexible strength and thus results in decreased electrode breakage frequency during machining time. It contains low specific resistance that enables maximum current carrying capability and without overheating the electrode.
Key manufacturers from the U.S. graphite electrode market are focusing to boost consumer confidence with research and development, innovation, and creation. These companies primarily focus on production of goods, technologies for production, and strategies for pricing and sales for strengthening their position in the graphite electrode market. The valuation of the U.S. graphite electrode market is anticipated to rise to US$ 1 Bn during the forecast period from 2018 to 2027.
Key Characteristics Boosting growth in U.S. Graphite Electrodes Market
The steel industry has been witnessing an increased demand for graphite electrodes. Further, increasing utilization of steel scrap and rising demand for graphite electrodes is boosting the U.S. graphite electrode market. These graphite electrodes have high vibrational resistance, chemical stability, low impurity content, high heat and electrical conductivity, high mechanical strength even at high temperatures, and excellent electrical properties. These characteristics boost in the U.S. graphite electrodes market while making them best suitable for electric arc furnaces. . The graphite electrodes used in EAFs provide flexibility with the steel production process. The flexibility, quick turnaround time, and lower fixed costs improve the market adoption of EAFs. The growth in the steel industry further expands opportunities for players, notes a market study on U.S. graphite electrodes.
The market insight on the U.S. graphite electrodes market has studied the key market players from the industry. These include Saturn Industries Inc., GrafTech International, Graphite Sales, Inc., Showa Denko K.K., Ameri-Source Specialty Products, Tokai Carbon, and GES-AGM. Numerous manufacturers in graphite electrodes have unified operations across value chains for the consolidation of their market shares.
U.S. Graphite Electrodes Market to Experience Lucrative Market Opportunities with Ultra High Power Electrodes
The ultra-high power electrodes and high power electrodes are the primary requirements of the steel industry. The graphite electrodes with ultra-high power have density and low electrical resistance, which boosts the demand in the U. S. These ultra-high power electrodes account for a major share in the U.S. graphite electrodes market and is expected to dominate the industry throughput the forecast period. Arc furnaces are gaining importance while working efficiently to meet the market requirements. It is one of the major factors that generate the demand for ultra-high power graphite electrodes with more than 18” diameters.
Also, regular power and high power electrode are expected to bolster at a moderate speed in the forecast period. Chemical processing, fused materials, and non-ferrous metals, and steel are some major areas in which high-power graphite electrodes are applied widely.
Some key market players are focusing on the expansion of their footprints, across the world with strategic capital allocation. Also, with the increasing production capacity, various end-use industries such as aerospace and defense, infrastructure, oil and gas, automotive, and building and construction are getting benefits. The players from the U.S. graphite electrodes market focus on ensuring a steady supply of raw material.
The U. S. Graphite Electrode Market is segmented into the following sections:
- U. S. Graphite Electrode Market, by Type
- Ultra High Power Electrode (18" and Above)
- High Power Electrode (18" and Below)
- Regular Power Electrode
- (16" and Below)
- U. S. Graphite Electrode Market, by Application
- Steel & Non-ferrous Metals
- Fused Materials
- Chemical Processing
- Others (Including Ferroalloys and Silicon Metal)
- U. S. Graphite Electrode Market, by Country
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