The graphite-electrode-rod segment has grown significantly in the last couple of years, driven by a number of factors, including evolving market dynamics, growing demand by end-use industries and technological advancements. The market is expected to grow even more, with a compound annual growth rate of 6.6% from 2023–2032 and a projected revenue of $23.7 billion by 2032. Below, we look at the trends, highlights and growth drivers shaping the market’s global landscape.
Latest figures show that the Asia-Pacific region is the dominant player in the worldwide graphite electrode rod market, raking in…
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