Do you need coconut shell granular activated carbon, hp graphite electrode, activated carbon supplier, coal activated carbon solution? Choose us as your partner and we will provide you with a solution that will satisfy you.
This section covers the major market trends shaping the uhp graphite electrode Market according to our research experts:
Decarbonization has been among the key focus of the countries over the past few years. Steel is one of the most important constructions and engineering materials that form the manufacturing sector's core pillars in various economies. The steel industry is currently looking for ways to reduce its carbon footprint from both economic and environmental perspectives. To limit the pollutants from the steel manufacturing process, companies have been continuously adopting the ‘Electric Arc Furnace Route,’ which uses scrap steel and electricity for steel production, expelling minimum waste during the process.
The steel industry is one of the most carbon and energy-intensive industries. Increasing the share of steel production from electric arc furnaces (EAF) by using renewable energy sources is one of the high potential ways to decarbonize the industry.
In 2021, steel production from blast furnaces accounted for 70% of the total steel production worldwide, while 30% of steel was produced from the electric arc process. Raw steel production increased by nearly 6% in 2021 concerning 2020 and is expected to increase further in the forecast period in line with development plans in major economies across the globe.
The UHP graphite electrode market will likely grow globally due to all these factors during the forecast period.
Want more information on coconut shell granular activated carbon, hp graphite electrode, activated carbon supplier, coal activated carbon? Click the link below to contact us.