The Electrode Paste industry is projected to reach USD 318.08 million USD by 2022

The Electrode Paste industry was 257.66 million USD in 2016 and is projected to reach USD 318.08 million USD by 2022, at a CAGR (Compounded Annual Growth Rate) of 3.57% between 2016 and 2022. The Electrode Paste industry production was 558.92 K Tonnes in 2016 and is projected to reach USD 866.70 K Tonnes by 2022, at a CAGR (Compounded Annual Growth Rate) of 7.59% between 2016 and 2022.

Publisher: QYResearch

Published Date: 2018/6/1

Electrode Paste also known as Soderberg Electrode Paste made from mix of fractions of Calcined Petroleum Coke (CPC) or Electrically Calcined Anthracite Coal (ECA coal) mixed with Coal Tar Pitch as Binder and Anthracene Oil at a predetermined temperature. It is used as conductor in sub merged arc furnace under self-Baking process while manufacturing different types of Ferro Alloys and Calcium Carbides.

The industry is relatively concentration, the key brand include Elkem, Yangguang Carbon, Jinli Carbon, Danyuan Carbon, Ukrainskiy Grafit, VUM, Rheinfelden Carbon, Graphite Asia Other, Asia Other Carbon, Redox, Eastem Electrodes & Coke, Dakang Fine Chemical, GongYi Sanjing, Hisea Energy, Ningxia TLH Group, Carbon Resources and so on. Among them, Elkem and Yangguang Carbon are the leaders of this market with about 70% revenue share. Other companies are much smaller.

The industry is expected to remain innovation-led, with frequent acquisitions and strategic alliances adopted as the key strategies by the players to increase their industry presence. Market stays in mature period with a clear concentration. There hardly to have obvious technology breakthrough except deeper system function integration. Meanwhile, optimize product mix and further develop value-added capabilities to maximize margins. Manufacturers can take advantage of this situation by reinforcing their production units and supply-chains to avoid any delay in production turn-around-times (TAT) and supply-lead-times.

On the other side, there are some factors which are responsible to hinder the growth of global Electrode Paste market, one of them is the environmental requirements.

Significant and lasting barriers make entry into this market difficult. These barriers include, but are not limited to: (i) product development costs; (ii) capital requirements; (iii) intellectual property rights; (iv) regulatory requirement; and (v) Transitions’ unfair methods of competition.

Despite the presence of competition problems, due to the global recovery trend is clear, investors are still optimistic about this area, the future will still have more new investment enter the field. Even so, the market is intensely competitive .The study group recommends the new entrants just having money but without technical advantage and upstream and downstream support do not to enter into this field.

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