The
global ultra-high power (UHP) graphite market is segmented into end-user such as steel treatment industries, steel production
plants and recycling industries out of which, steel production plants segment
is expected to dominate the
overall ultra-high power (UHP) graphite market. Likely, growing demand
for steel from various industries such as construction, oil & gas and
automotive is
envisioned
to bolster the growth of global ultra-high
power (UHP) graphite market. Furthermore, rising modern infrastructure is
also projected to intensify the growth of ultra-high power (UHP) graphite market in near future.
Global ultra-high power (UHP) graphite market is anticipated to mask a tremendous
CAGR of 9.56% during the forecast period i.e. 2016-2023. Additionally, the
market of ultra-high power (UHP)
graphite is riding on the back of growing steel production industries. Moreover,
the global ultra-high power (UHP)
graphite market is projected to account 1.1 Million Metric tons by the
end of 2023.
In
terms of regional platform, Asia-Pacific accounted for the largest market in
2015. Moreover, swift expansion of automotive industry has augmented the demand
for steel which is projected to boost the demand for ultra-high power (UHP)
graphite. Moreover, growing manufacturing plant of steel in China and
India is also expected to fuel the growth
of ultra-high power (UHP) graphite
market. Apart from this,
Europe is the second largest market of ultra-high power (UHP) graphite in 2015
owing to growth of oil and gas sector. Moreover, Western Europe
countries are the dominating country in this region.
Escalated Demand for High Grade
Steel
Rising
spending in steel industry along with increasing funding in steel refractories
industry is believed to be the dynamic factor behind the rapid growth
of ultra-high power (UHP) graphite market. Moreover, upsurge demand for electric arc furnaces for the production of good
quality steel is also one of the major factors propelling the market of ultra-high power (UHP) graphite.
Growing Infrastructure Sector
Rapid
urbanization coupled with positive GDP figures of developed and developing
nations such as China, U.S. and others have pushed the development of
infrastructure sector which is envisioned to flourish the growth of ultra-high
power (UHP) graphite market. Moreover, introduction of new steel grades with
less weight is also projected to bolster the growth ultra-high power (UHP)
graphite market.
On
the contrary, high cost
associated with extraction of graphite is one of the factors hampering the growth of ultra-high power (UHP)
graphite market across the globe.
The report titled “Ultra-high Power (UHP) Graphite
Market : Global Demand, Growth Analysis &
Opportunity Outlook 2023” delivers
detailed overview of the global ultra-high
power (UHP) graphite market in terms of market segmentation by dimensions,
by end-user and by region.
Further, for the in-depth
analysis, the report encompasses the industry growth drivers, restraints,
supply and demand risk, market attractiveness, BPS analysis and Porter’s five
force model.
This report also provides the
existing competitive scenario of some of the key players of the global ultra-high power (UHP) graphite market
which includes company profiling of SGL Carbon, Graphite India, Showa Denko Carbon,
Schutz Carbon Electrodes and GrafTech International. The profiling enfolds key
information of the companies which encompasses business overview, products and
services, key financials and recent news and developments. On the whole, the
report depicts detailed overview of the global ultra-high power (UHP) graphite market that will help industry
consultants, equipment manufacturers, existing players searching for expansion
opportunities, new players searching possibilities and other stakeholders to
align their market centric strategies according to the ongoing and expected trends
in the future.
About Research
Nester
Research Nester is a leading service provider for
strategic market research and consulting. We aim to provide unbiased,
unparalleled market insights and industry analysis to help industries,
conglomerates and executives to take wise decisions for their future marketing
strategy, expansion and investment etc. We believe every business can expand to
its new horizon, provided a right guidance at a right time is available through
strategic minds. Our out of box thinking helps our clients to take wise
decision so as to avoid future uncertainties.
Read more Information: https://www.researchnester.com/reports/ultra-high-power-uhp-graphite-market-global-demand-growth-analysis-opportunity-outlook-2023/243
Contact for more
Info:
Ajay
Daniel
U.S.
+1 646 586 9123
U.K.
+44 203 608 5919
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