Product Code: ETC109423 | Publication Date: Aug 2023 | Updated Date: Apr 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
The India Graphite Electrodes Market is projected to witness mixed growth rate patterns during 2025 to 2029. Starting at 13.17% in 2025, the market peaks at 14.30% in 2028, and settles at 13.81% by 2029.
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.
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.
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.
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.