Global Graphite Electrodes Market to Reach $15.3 Billion by 2027
In the changed post COVID-19 business landscape, the global market for Graphite Electrodes estimated at US$10.8 Billion in the year 2020,
is projected to reach a revised size of US$15.3 Billion by 2027, growing at a CAGR of 5.2% over the analysis period 2020-2027.
Ultra-High Power, one of the segments analyzed in the report, is projected to record a 5.5% CAGR and reach US$10.5 Billion by the end of the analysis period.
Taking into account the ongoing post pandemic recovery, growth in the High Power segment is readjusted to a revised 4.6% CAGR for the next 7-year period.
The U.S. Market is Estimated at $1.6 Billion, While China is Forecast to Grow at 6.2% CAGR
The Graphite Electrodes market in the U.S. is estimated at US$1.6 Billion in the year 2020.
China, the world`s second largest economy, is forecast to reach a projected market size of US$2.7 Billion by the year 2027 trailing a CAGR of 6.2% over the analysis period 2020 to 2027.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.6% and 3.9% respectively over the 2020-2027 period. Within Europe,
Germany is forecast to grow at approximately 4.6% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$4.4 Billion by the year 2027.
Regular Power Segment to Record 3.8% CAGR
In the global Regular Power segment, USA, Canada, Japan, China and Europe will drive the 3.8% CAGR estimated for this segment.
These regional markets accounting for a combined market size of US$768.4 Million in the year 2020 will reach a projected size of US$982.4 Million by the close of the analysis period.
China will remain among the fastest growing in this cluster of regional markets. Latin America will expand at a 3.9% CAGR through the analysis period.
Post time: Dec-29-2022
