Electrode paste is a solderberg paste used to manufacture carbon electrodes for electric arc furnace, which is used for the production of various types of ferrous and non-ferrous alloys and other chemicals. A number of raw materials are required for the production of electrode paste, such as calcined anthracite, coal tar, calcined petroleum coke (or calcined pitch coke) and other additional materials. The major use of electrode paste is for the production of ferro alloys, metal cleaning and calcium carbide manufacturing. A range of ferroalloys such as ferrochromium, ferromanganese and other alloys require electrode paste for manufacturing. Approximately 20-45kgs pf electrode paste is consumed to produce 1 ton of ferroalloy. The economic benefits associated with its use is a major factor expected to drive the demand for electrode paste over the coming years. Electrode paste is being fed into the smelting furnace in different forms such as briquettes, cylinders, and blocks, among others.
In the last couple of years, chemicals & materials industry has witnessed considerable technological advancements across various sectors. Coupled with this, increasing research and development activities following the outbreak of COVID-19 have had a positive impact on the overall growth.
With the development in petroleum & oil and gas companies and R&D activities, the market has witnessed a healthy expansion. FMI’s latest report offers significant details about the latest trend and challenges that the Electrode Paste market is expected to witness in the upcoming decade.
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Impact of COVID-19 on Electrode Paste Market
The pandemic has placed an enormous strain on the chemicals & materials industry including its workforce, supply-chain, infrastructure, and market players. The first wave of COVID-19 that hit the regions across the globe, compelled the chemicals & materials industry to adapt and develop its infrastructure and innovate in a short period of time. Against this backdrop, FMI tracks the changes, improvement, profits and losses in the industry among the existing players as well as the new entrants within the industry.
The FMI’s recently published report presents detailed insights into the impact of COVID-19 on the Electrode Paste market and innovative strategies adopted by the market players to tackle the challenges encountered due to the pandemic.
Important Questions Answered in the Electrode Paste Market Report
- How will the Electrode Paste market expand through 2028?
- Which region is the most lucrative in the Electrode Paste market?
- What are the recent technological developments in the Electrode Paste market?
- What are key challenges and competition threats faced by Electrode Paste market players?
- Who are prominent players leading the Electrode Paste market?
Electrode Paste Market: Key Segmentation
By Region
- North America (U.S., Canada)
- Latin America (Mexico, Brazil)
- Western Europe (Germany, Italy, France, U.K, Spain)
- Eastern Europe (Poland, Russia)
- Asia Pacific (China, India, ASEAN, Australia & New Zealand)
- Japan
- Middle East and Africa (GCC Countries, S. Africa, Northern Africa)
Extensive study of the geographical regions offers detailed insights on the market performance across major regions along with descriptive info graphics, datasets, and list of tables.
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On the basis of application, the global carbon electrode paste market can be segmented as:
- Ferrous alloys
- Non-ferrous alloys
- Calcium carbide
- Metal cleaning
- Other
On the basis of grade, the global electrode paste market can be segmented as:
- Unbaked paste
- Baked paste
On the basis of form, the global electrode paste market can be segmented as:
- Briquette carbon electrode
- Trapezium carbon electrode
- Cylinder electrode paste
- Others
Electrode Paste Market: Competitive Evaluation
The FMI’s Electrode Paste market report provides a comprehensive analysis on key players operating in the Electrode Paste market. Some of the key players are:
- Lanzhou Yangguang Carbon Corp.
- Elkem Carbon
- Ukrainskiy Grafit
- India Carbon Ltd.
- Shanxi Danyuan Carbon Holdings Co., Ltd
- Lianyungang Jinli Carbon Co., Ltd.
- VUM, a.s.
- Aluminium Rheinfelden GmbH.
- Redox Pty Ltd
- Eastem Electrodes & Coke Pvt. Ltd.
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With a detailed analysis on positioning of top companies across the globe, emerging players, strategic players and innovators, the FMI’s study presents the strengths, weaknesses, growth prospects and challenges of key players over the forecast period.