India Graphite Electrodes Market (2024-2030) Outlook | Companies, Forecast, Trends, Revenue, Growth, Size, Industry, Value, Share, Analysis

Market Forecast By Electrode Grade (Ultra High Power (UHP), High Power (SHP), Regular Power (RP)), By Application (Electric Arc Furnace, Basic Oxygen Furnace, Non-steel Application) And Competitive Landscape

Product Code: ETC109423	Publication Date: Aug 2023	Updated Date: Apr 2024	Product Type: Report
Publisher: 6Wresearch	No. of Pages: 70	No. of Figures: 35	No. of Tables: 5

Report Description
Related Topics

India Graphite Electrodes Market Shipment Analysis

India Graphite Electrodes Market registered a growth of 47.06% in value shipments in 2022 as compared to 2021 and a decrease of -9.95% CAGR in 2022 over a period of 2017. In Graphite Electrodes Market India is becoming more competitive as the HHI index in 2022 was 2597 while in 2017 it was 3358. Herfindahl Index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means less numbers of players or countries exporting in the market. India has reportedly relied more on imports to meet its growing demand in Graphite Electrodes Market.

India Graphite Electrodes Market Competition 2023

India Export Potential Assessment For Graphite Electrodes Market (Values in Thousand)

India Graphite Electrodes Market Synopsis

Graphite electrodes are used in the electric arc furnace (EAF) steelmaking process for melting iron ore to create crude steel. The graphite electrodes market is expected to grow significantly during the forecast period, owing to its high demand from various end-user industries such as automotive, electrical & electronics, and metallurgy. Furthermore, India growing infrastructure industry and increasing demand for specialty metals are projected to drive market growth.

Market Drivers

Increasing investments from government bodies in the infrastructural development of India and rising applications of graphite electrodes in different processes like smelting of ferrous alloys will fuel the growth of the India graphite electrode market over the forecast period. Moreover, growing production capacity in electrical arc furnaces due to technological advancements is also anticipated to propel market expansion over the coming years.

Challenges of the Market

High cost associated with transportation and storage due to its bulky nature can be a restraining factor for product sales on a large-scale basis because buyers have limited resources that they can allocate towards it. Moreover, stringent environmental regulations on emission control may hamper product sales since these restrict their usage due increased emissions generated by them when compared with other alternatives available in the marketplace such as copper or silicon carbide rods.

Key Players in the Market

The key players in the India Graphite Electrodes market are HEG Limited, Showa Denko K.K., SGL Group, GrafTech International Holdings Inc., Nippon Carbon Co., Ltd., Ibiden Co. Ltd., Tokai Carbon Co. Ltd., Fangda Carbon New Material Technology Co. Ltd, and Duragraph India Private Limited among others.

Key Highlights of the Report:

India Graphite Electrodes Market Outlook
Market Size of India Graphite Electrodes Market, 2020
Forecast of India Graphite Electrodes Market, 2027
Historical Data and Forecast of India Graphite Electrodes Revenues & Volume for the Period 2023 - 2027
India Graphite Electrodes Market Trend Evolution
India Graphite Electrodes Market Drivers and Challenges
India Graphite Electrodes Price Trends
India Graphite Electrodes Porter's Five Forces
India Graphite Electrodes Industry Life Cycle
Historical Data and Forecast of India Graphite Electrodes Market Revenues & Volume By Electrode Grade for the Period 2023 - 2027
Historical Data and Forecast of India Graphite Electrodes Market Revenues & Volume By Ultra High Power (UHP) for the Period 2023 - 2027
Historical Data and Forecast of India Graphite Electrodes Market Revenues & Volume By High Power (SHP) for the Period 2023 - 2027
Historical Data and Forecast of India Graphite Electrodes Market Revenues & Volume By Regular Power (RP) for the Period 2023 - 2027
Historical Data and Forecast of India Graphite Electrodes Market Revenues & Volume By Application for the Period 2023 - 2027
Historical Data and Forecast of India Graphite Electrodes Market Revenues & Volume By Electric Arc Furnace for the Period 2023 - 2027
Historical Data and Forecast of India Graphite Electrodes Market Revenues & Volume By Basic Oxygen Furnace for the Period 2023 - 2027
Historical Data and Forecast of India Graphite Electrodes Market Revenues & Volume By Non-steel Application for the Period 2023 - 2027
India Graphite Electrodes Import Export Trade Statistics
Market Opportunity Assessment By Electrode Grade
Market Opportunity Assessment By Application
India Graphite Electrodes Top Companies Market Share
India Graphite Electrodes Competitive Benchmarking By Technical and Operational Parameters
India Graphite Electrodes Company Profiles
India Graphite Electrodes Key Strategic Recommendations