| Product Code: ETC4740389 | Publication Date: Nov 2023 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 | |
In 2024, Belgium continued to rely on imports of graphite electrodes, with top suppliers including Luxembourg, Spain, Metropolitan France, Italy, and Austria. The market remained highly concentrated, as indicated by the high Herfindahl-Hirschman Index (HHI). The compound annual growth rate (CAGR) for the period 2020-2024 was -15.15%, with a declining growth rate of -17.29% from 2023 to 2024. These figures suggest a challenging market environment and potential shifts in supply dynamics impacting the graphite electrodes industry in Belgium.

By 2027, the Graphite Electrodes market in Belgium is anticipated to reach a growth rate of 2.65%, as part of an increasingly competitive Europe region, where Germany remains at the forefront, supported by United Kingdom, France, Italy and Russia, driving innovations and market adoption across sectors.

1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Belgium Graphite Electrodes Market Overview |
3.1 Belgium Country Macro Economic Indicators |
3.2 Belgium Graphite Electrodes Market Revenues & Volume, 2021 & 2031F |
3.3 Belgium Graphite Electrodes Market - Industry Life Cycle |
3.4 Belgium Graphite Electrodes Market - Porter's Five Forces |
3.5 Belgium Graphite Electrodes Market Revenues & Volume Share, By Electrode Grade, 2021 & 2031F |
3.6 Belgium Graphite Electrodes Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Belgium Graphite Electrodes Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for graphite electrodes in the steel industry due to their high thermal conductivity and ability to withstand high temperatures. |
4.2.2 Growing adoption of electric arc furnaces (EAFs) for steel production, which require graphite electrodes. |
4.2.3 Favorable government policies supporting the manufacturing sector and investments in infrastructure projects that drive the demand for graphite electrodes. |
4.3 Market Restraints |
4.3.1 Volatility in raw material prices, such as needle coke, which is a key input in graphite electrode production. |
4.3.2 Intense competition among graphite electrode manufacturers leading to pricing pressures. |
4.3.3 Impact of global economic conditions and trade policies on the steel industry, affecting the demand for graphite electrodes. |
5 Belgium Graphite Electrodes Market Trends |
6 Belgium Graphite Electrodes Market Segmentations |
6.1 Belgium Graphite Electrodes Market, By Electrode Grade |
6.1.1 Overview and Analysis |
6.1.2 Belgium Graphite Electrodes Market Revenues & Volume, By Ultra High Power (UHP), 2021-2031F |
6.1.3 Belgium Graphite Electrodes Market Revenues & Volume, By High Power (SHP), 2021-2031F |
6.1.4 Belgium Graphite Electrodes Market Revenues & Volume, By Regular Power (RP), 2021-2031F |
6.2 Belgium Graphite Electrodes Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Belgium Graphite Electrodes Market Revenues & Volume, By Electric Arc Furnace, 2021-2031F |
6.2.3 Belgium Graphite Electrodes Market Revenues & Volume, By Basic Oxygen Furnace, 2021-2031F |
6.2.4 Belgium Graphite Electrodes Market Revenues & Volume, By Non-steel Application, 2021-2031F |
7 Belgium Graphite Electrodes Market Import-Export Trade Statistics |
7.1 Belgium Graphite Electrodes Market Export to Major Countries |
7.2 Belgium Graphite Electrodes Market Imports from Major Countries |
8 Belgium Graphite Electrodes Market Key Performance Indicators |
8.1 Average selling price of graphite electrodes in Belgium. |
8.2 Capacity utilization rate of graphite electrode manufacturers in Belgium. |
8.3 Innovation rate in graphite electrode production processes. |
8.4 Carbon footprint reduction initiatives in graphite electrode manufacturing. |
8.5 Percentage of recycled materials used in graphite electrode production. |
9 Belgium Graphite Electrodes Market - Opportunity Assessment |
9.1 Belgium Graphite Electrodes Market Opportunity Assessment, By Electrode Grade, 2021 & 2031F |
9.2 Belgium Graphite Electrodes Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Belgium Graphite Electrodes Market - Competitive Landscape |
10.1 Belgium Graphite Electrodes Market Revenue Share, By Companies, 2024 |
10.2 Belgium Graphite Electrodes Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |