| Product Code: ETC109423 | Publication Date: Aug 2023 | Product Type: Report | ||
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 |
The India graphite electrodes market import shipments experienced a positive growth trend with a moderate CAGR from 2020 to 2024. However, there was a significant decline in growth rate between 2023 and 2024, indicating a slowdown towards the end of the period. Overall, the market expanded steadily with fluctuations in momentum.
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.
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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