High power graphite electrodes are used for manufacturing non-ferrous metals and medium-and low-grade steel through electric arc furnace and ladle furnace. It is made up of premium quality of petroleum coke with Anshan pitch and 30% needle coke.
Excellent temperature resistance, high electrical & thermal conductivity, and ultra-high bending resistance of these materials are expected to augment growth over the forecast period.
Segmentation by Application
• Electric Arc Furnace (EAF)
• Ladle Furnace (LF) & Others
In 2016, EAF was the largest application segment in terms of value as well as volume owing to the rising adoption electric arc furnace route for steel manufacturing. The segment is anticipated to grow at a CAGR of 5.2% over the forecast period.
Graphite electrodes are utilised in electric arc furnace for steel manufacturing and refinement process. Increasing use of the material in electric arc furnace for metal melting process and steel scrap will increase the demand for the material over projected period.
Tags: graphite-electrode, application, expected-demand,
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