(MENAFN- GlobeNewsWire - Nasdaq) The size of the U.S. graphite electrode market was estimated at USD 1.93 billion in 2025E and is expected to increase at a compound annual growth rate (CAGR) of 5.34% from 2026 to 2033, reaching USD 2.93 billion.

Austin, Oct. 14, 2025 (GLOBE NEWSWIRE) -- Graphite Electrode Market Size & Growth Insights:

According to the SNS Insider,“The Graphite Electrode Market size was valued at USD 11.60 Billion in 2025E and is projected to reach USD 16.68 Billion by 2033, growing at a CAGR of 4.65% during 2026–2033.”

Rising Demand for Nuclear-Grade Graphite Propel Market Growth Globally

The growing use of sophisticated nuclear reactors, such as compact modular reactors and high-temperature gas-cooled reactors, is propelling the demand for nuclear-grade graphite. Market expansion is being driven by a growing emphasis on clean energy, dependable supply chains, and the requirement for premium synthetic graphite in reactor cores to guarantee performance, safety, and efficiency. The growing need for nuclear-grade graphite in energy, industrial, and advanced manufacturing applications is also being supported by investments in research and development, technological breakthroughs, and production capacity expansion, making it an essential part of the developing clean energy infrastructure.

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Leading Market Players with their Product Listed in this Report are:

• GrafTech International
• SGL Carbon
• Showa Denko
• Tokai Carbon
• Graphite India
• Resonac Holdings Corporation
• Fangda Carbon New Material Co., Ltd.
• Sangraf International
• SEC Carbon, Ltd.
• Nippon Carbon Co., Ltd.
• Dan Carbon
• Jilin Carbon
• HEG Limited
• Kaifeng Pingmei New Carbon Materials Technology Co., Ltd.
• Liaoning Dantan Technology Group Co., Ltd.
• Nantong Yangzi Carbon Co., Ltd.
• Zhongze Group
• Orient Carbon Industry Co., Ltd.
• El 6 LLC
• Misano Group

Graphite Electrode Market Report Scope:

Report Attributes	Details
Market Size in 2025E	USD 11.60 Billion
Market Size by 2033	USD 16.68 Billion
CAGR	CAGR of 4.65% From 2026 to 2033
Report Scope & Coverage	Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segmentation	. By Type(Regular Power (RP) Graphite Electrode, High Power (HP) Graphite Electrode and Ultra High Power (UHP) Graphite Electrode) . By Application(EAF steelmaking, LF (Ladle Furnace) and Others) . By Size(200-350 mm, 350-500 mm and Above 500 mm) . By Raw Material(Petroleum Coke, Needle Coke, Coal Tar Pitch)

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Key Segmentation Analysis:

By Type

Ultra High Power (UHP) graphite electrodes have dominated the market with a share of 56.88% and is expected to grow with the fastest CAGR of 6.99%, driven by rising demand for high-performance electrodes in electric arc furnace steelmaking.

By Application

EAF steelmaking has led the market with a share of 68.88% in 2025E and is also fastest-growing application segment growing with a CAGR of 5.61% during the forecast period, driven by increasing adoption of electric arc furnace technology in steel production.

By Size

The above 500 mm segment held the dominant share of 52.50% in 2025E and is expected to expand with the fastest CAGR of 6.40% during the forecast period. The segment's growth is propelled by the large-scale steel production due to their high current-carrying capacity, durability, and efficiency, meeting rising industrial demand.

By Raw Material

Needle Coke held the largest graphite electrode market share of 62.25% in 2025E and is also projected to be the fastest growing segment at a CAGR of 6.05% during the forecast period. The segment's expansion is driven by their superior density, electrical conductivity, and performance in high-power applications, driving widespread adoption in steel manufacturing.

Regional Insights:

The Asia-Pacific region leads the graphite electrode market with a share of 44.05% in 2025E, supported by strong steel manufacturing activity and rapid industrial growth in countries like China, India, and Japan.

The North America graphite electrode market is the fastest-growing region at a CAGR of 6.27%, owing to the strong adoption of electric arc furnace (EAF) technology, rising steel recycling, and increasing demand for high-quality electrodes.

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Recent News:

• In July 2024 , Tokai Carbon announced that it will reduce graphite electrode production capacity in Japan and Europe from 56,000 tons to 32,000 tons by July 2025, consolidating operations at the Hofu Plant and temporarily closing the Shiga Plant to optimize efficiency amid declining global steel demand.
• In July 2025 , HEG and Graphite India shares surged up to 13% after Resonac Holdings announced the closure of its graphite electrode units in China and Malaysia, tightening global supply and boosting market optimism for Indian producers.

Exclusive Sections of the Graphite Electrode Market Report (The USPs):

• TECHNOLOGY & INNOVATION METRICS – helps you track adoption of UHP, HP, and RP electrodes, R&D investments, patent activity, and annual launches of enhanced designs with improved conductivity and thermal resistance.
• OPERATIONAL & PERFORMANCE BENCHMARKS – helps you evaluate electrical conductivity, thermal performance, mechanical strength, lifecycle efficiency, reliability, and maintenance standards, supporting optimal electrode selection.
• PRODUCTION & SUPPLY CHAIN METRICS – helps you assess manufacturing lead times, capacity utilization, raw material dependencies (needle coke, petroleum coke, coal tar pitch), and logistics efficiency to optimize supply chain planning.
• PRICING & COST ANALYSIS – helps you analyze average selling prices by electrode type and diameter, cost per ton of steel produced, and total cost of ownership including replacement and handling expenses.
• REGULATORY & COMPLIANCE METRICS – helps you monitor adherence to industrial, environmental, and safety standards, product certifications, and regulatory inspections/approvals across key steel-producing regions.
• COMPETITIVE LANDSCAPE – helps you gauge major graphite electrode producers' market reach, technological differentiation, capacity expansions, and strategic initiatives, providing insight into industry leadership and growth prospects.

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