China's Graphite Electrode Market Scale and Future Development Prediction and Analysis in 2023 

Graphite electrode refers to a kind of high-temperature resistant graphite conductive material, which is made of petroleum coke and pitch coke as aggregates and coal tar pitch as binder through raw material calcination, crushing and grinding, batching, kneading, molding, baking, impregnation, graphitization and mechanical processing. It is called artificial graphite electrode, which is different from the natural graphite electrode made of natural graphite. 

Market Scale

Graphite electrode is the only material with low resistivity and heat-resistant gradient in electric arc furnace. The main characteristics of graphite electrode production are long production cycle, large energy consumption and complex production process. Data shows that in 2021, China's graphite electrode output reached 938,400 tons, with a compound annual growth rate from 2017 to 2021. The output of graphite electrodes in China is expected to reach 1,089,400 tons in 2023.

Data source: Frost Sullivan, AskCI 

Development Prospects

1. Strict environmental regulations and policies promote industry development

In recent years, the Chinese government has promulgated a series of regulations and policies to accelerate technological innovation among graphite electrode manufacturers, aiming to promote industrial integration and eliminate outdated production capacity. Affected by this policy, Chinese graphite electrode manufacturers that fail to meet environmental requirements must close their production facilities, which will help leading manufacturers with environmentally friendly production processes and the ability to manufacture high-quality graphite electrodes, help them further improve their market share and enhance their market competitiveness.

2. Stable industrial development environment

China's industrial development has promoted the steady development of downstream applications of graphite electrodes, such as the electric arc furnace steelmaking market, industrial silicon market and yellow phosphorus market. Therefore, stable industrial development is one of the driving forces of China's graphite electrode market.

3. Advanced and mature technology

Technological innovation has greatly promoted the transformation and upgrading of China's graphite electrode industry. Most graphite electrode manufacturers, especially some industry leaders, focus on the application of environmental protection technology in the production of graphite electrodes. Advanced and mature technology is very important for manufacturing high-quality graphite electrode and reducing energy consumption in the production process of graphite electrode. Therefore, advanced and mature technology will be conducive to the healthy development of China's graphite electrode market. China graphite electrode market analysis, welcome your further consultation.