DUBLIN, August 23, 2016 /PRNewswire/ --
Research and Markets has announced the addition of the "Global Graphite Electrodes Market 2016-2020" report to their offering.
The global graphite electrodes market to grow at a CAGR of 10.16% during the period 2016-2020.
Global Graphite Electrodes Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Exploring opportunities in high-growth sector will be a key trend for market growth. Growth in infrastructure and construction, oil and gas industry, and automotive industries varies in countries that have shown robust growth rates for steel consumption. In terms of steel demand, infrastructure and construction remain the dominant sectors. Most of the growth in the automotive industry will come from China, the US, Brazil, India, and Japan.
China's automotive sector is expected to grow significantly, as lightweight vehicle production concept is on the go. Increasing capital expenditure on upstream gas and oil offers a significant opportunity to provide anti-corrosive, high-value products for oil wells and pipelines. Growing demand for steel in diverse industries could boost the use of EAF, thereby increasing the demand for graphite electrodes.
According to the report, growth in end-user industries will be a key driver for market growth. The automotive, mechanical machinery, and infrastructure and construction industries are the main users of steel and have been driving the steel demand for many years. The infrastructure and construction sector, which accounts for more than 51.53% of the world steel consumption, is expected to post a CAGR of 7.6 % until 2020.
Similarly, the machinery and automotive industries, which account for roughly 14.84% and 12% of the global steel consumption in 2015 respectively, are poised to grow at a higher rate during the forecast period. This will lead to a constant increase in steel demand over the next few years, thereby fueling the growth of graphite electrodes.
Further, the report states that one of the challenges for the market will be hazardous occupational exposure to the workers. The mortality rate of manufacturing workers has increased over recent years due to exposure to hazardous materials. The manufacturing of graphite electrode leads workers to get exposed to coal tar and other materials containing silica and graphite dusts, polycyclic aromatic hydrocarbons (PAH), and asbestos. Exposure of workers in a graphite electrode facility to coal tar pitches, crystalline silica, carcinogenic agents, and PAH consisting of benzopyrene, benzanthracene, and dibenzanthracene, could lead to increased risk of bladder and lung cancers. An investigation was conducted to investigate the mortality rate of workers in a graphite electrode manufacturing facility, which concluded that the workers had an excess mortality rate with liver cancer and cirrhosis, and other chronic diseases of the liver.
- GrafTech International
- Graphite India
- SGL Carbon
- Showa Denko Carbon
- Nippon Carbon
Other prominent vendors
- Kaifeng Carbon
- Nantong Yangzi Carbon
- Schutz Carbon Electrodes
- Tokai Carbon
Key Topics Covered:
Part 01: Executive summary
Part 02: Scope of the report
Part 03: Market research methodology
Part 04: Introduction
Part 05: Market segmentation by application
Part 06: Market segmentation by product
Part 07: Market landscape
Part 08: Geographical segmentation by region
Part 09: Key leading countries
Part 10: Market drivers
Part 11: Impact of drivers
Part 12: Market challenges
Part 13: Impact of drivers and challenges
Part 14: Market trends
Part 15: Vendor landscape
Part 16: Key vendor analysis
Part 17: Appendix
For more information about this report visit http://www.researchandmarkets.com/research/63hnkp/global_graphite
Research and Markets
Laura Wood, Senior Manager
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