Carbon Electrodes Market REPORT OVERVIEW
- Request a Free Sample to learn more about this report
The global carbon electrodes market size was USD 3918.7 million in 2022 and market is projected to touch USD 10779.9 million by 2031, exhibiting a compound annual growth rate (CAGR) of 11.9% during the forecast period.
Carbon electrodes are also known as carbon-paste electrodes (CPE). It is made from a mixture of pasting liquid and graphite powder. Raw materials
The market dynamics are predicted to increase due to the growing demand for Ferroalloys coupled with cost-effectiveness. The product is extensively used in calcium carbide manufacturing and metal cleaning. High demand for ferroalloys such as ferromanganese, ferrochromium, and other alloys. These factors are estimated to expand market growth over the forecast period. Further, increased need for industrial silicon and high demand for the product in electrolysis. The equipment is used to transfer electrons and is commonly used in the electrolysis process. It is used in fabrication coupled with a medical diagnosis are anticipated to fuel market growth over the forecast period. However, increased environmental concerns coupled with stringent regulation while manufacturing the chemical are anticipated to fuel market growth in the upcoming years.
COVID-19 Impact: Quarantine and Lockdown restriction to Hamper Market Growth
The sudden outbreak of COVID-19 followed by strict lockdown restrictions hampered market progress. Numerous businesses were affected due to quarantine regulations. Lower demand for the equipment coupled with the shutdown of end-user sectors reduces market progress.
On the contrary, post-pandemic upliftment of regulations recovered market growth. High demand for the equipment in end-user sectors to fuel market growth.
LATEST TRENDS
"Increased Demand for Alloys to Incite Market Growth"
Increased demand for alloys is estimated to expand market growth. The high need for ferroalloys in production alloys is anticipated to play a crucial role in the growth of the market. Growing demand for alloys in the automotive sector coupled with growth in the automotive sector is predicted to expand market growth. Further, alloys are used in steel industries and it is used in day-to-day life activities. The product ensures durability, strength, and hardness. These advantages of alloys are projected to foster market growth. Alloys have more corrosion and resistance which is required for industrial purposes. These factors are estimated to fuel carbon electrodes market growth in the forthcoming years.
Carbon Electrodes Market SEGMENTATION
- Request a Free Sample to learn more about this report
- By Type
Based on type, the market is divided into Below 500mm, 500-1000mm, and Above 1000mm.
500-1000mm is estimated to be the leading part of type segmentation.
- By Application
Based on application, the market is classified into industrial silicon, ferroalloy, calcium carbide, yellow phosphorus, and others.
Industrial silicon is estimated to be the leading part of application segmentation.
DRIVING FACTORS
"Use of Electrodes in Electrolysis to Foster Market Growth"
Increased use of electrodes in electrolysis is anticipated to surge market growth. Carbon is a good conductor coupled with a relatively low cost. These factors are predicted to surge market growth. The equipment is used to transfer electrons and high demand for the electrolysis process is anticipated to fuel market growth. Further, increased need for industrial silicon and high demand for the product in electrolysis. The equipment is used to transfer electrons and is commonly used in the electrolysis process. It is used in fabrication coupled with a medical diagnosis are anticipated to fuel carbon electrodes market growth over the forecast period.
"Economic Benefits associated with the Equipment to Fuel Market Growth"
The product is used for the production of several types of ferrous and non-ferrous alloys and other chemicals. The product is extensively used in calcium carbide manufacturing and metal cleaning. High demand for ferroalloys such as ferromanganese, ferrochromium, and other alloys. These factors are estimated to expand market growth over the forecast period. Further, the increased need for industrial silicon and the high demand for the product in the electrolysis are anticipated to fuel market growth. Increased urbanization and rapid demand for effective equipment are predicted to expand carbon electrodes market growth in the forthcoming years.
RESTRAINING FACTORS
"Growing Environmental Concerns and Manufacturing Process to Restrict Market Growth"
Increased environmental concerns coupled with stringent regulation while manufacturing the chemical are anticipated to fuel market growth in the upcoming years.
Carbon Electrodes Market REGIONAL INSIGHTS
- Request a Free Sample to learn more about this report
"Increased Number of Production in Asia Pacific to Drive Market Share "
Asia Pacific is anticipated to dominate the carbon electrodes market share due to high production. Increased consumption of the equipment in the region is projected to foster market progress. The market dynamics are predicted to increase due to the growing demand for Ferroalloys coupled with cost-effectiveness. The product is extensively used in calcium carbide manufacturing and metal cleaning. High demand for ferroalloys such as ferromanganese, ferrochromium, and other alloys. These factors are estimated to expand market growth over the forecast period. Further, increased need for industrial silicon and high demand for the product in electrolysis.
Europe is projected to witness significant carbon electrodes market growth due highest production of Ferro alloys in Russia and Ukraine.
KEY INDUSTRY PLAYERS
"Leading Players Adopt Strategies to Stay Competitive"
The report covers information about the list of market players and their latest development in the Industry. The information includes mergers, partnerships, acquisitions, technological developments, and production lines. Other aspects examined for this market include complete research on companies producing and introducing the latest products, regions they conduct their operations in, automation, technology adoption, generating the most revenue, and making a difference with their products.
List of Market Players Profiled
- Showa Denko (Japan)
- Tokai Carbon (Japan)
- EPM Group (Russia)
- Hebei Shuntian (China)
- Hebei Lianguan (China)
- Jiaozuo Dongxing (China)
- Sanyuan Carbon (China)
- Orient Carbon Industry Co. (China)
REPORT COVERAGE
This research profiles a report with general studies that explain the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by examining the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, restraints, and others. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.
| REPORT COVERAGE | DETAILS |
|---|---|
Market Size Value In |
US$ 3918.7 Million in 2022 |
Market Size Value By |
US$ 10779.9 Million by 2031 |
Growth Rate |
CAGR of 11.9% from 2022 to 2031 |
Forecast Period |
2024-2031 |
Base Year |
2023 |
Historical Data Available |
Yes |
Regional Scope |
Global |
Segments Covered |
Type and Application |
Frequently Asked Questions
-
What value is the carbon electrodes market expected to touch by 2031?
The global carbon electrodes market is expected to reach USD 10779.9 million by 2031.
-
What CAGR is the carbon electrodes market expected to exhibit by 2031?
The carbon electrodes market is expected to exhibit a CAGR of 11.9% by 2031.
-
What are the driving factors of the carbon electrodes market?
Drivers of this market are the use of electrodes in electrolysis and economic benefits associated with the equipment.
-
Which are the top companies operating in the carbon electrodes market?
Showa Denko, Tokai Carbon, EPM Group, Hebei Shuntian, Hebei Lianguan, Jiaozuo Dongxing, Sanyuan Carbon, and Orient Carbon Industry Co are the top companies operating in the carbon electrodes market
