| Product Code: ETC264210 | Publication Date: Aug 2022 | Updated Date: Aug 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
The Vietnam Graphite Electrode Market is projected to witness mixed growth rate patterns during 2025 to 2029. Starting at 13.46% in 2025, the market peaks at 15.32% in 2028, and settles at 13.99% by 2029.

In the Asia region, the Graphite Electrode market in Vietnam is projected to expand at a exponential growth rate of 15.29% by 2027. The largest economy is China, followed by India, Japan, Australia and South Korea.

The graphite electrode market in Vietnam specializes in electrodes made from graphite materials used in electric arc furnaces for steelmaking and other high-temperature applications. Graphite electrodes are crucial components in the metal and steel industry. This market supports steel production and industrial processes by providing high-quality graphite electrode solutions in Vietnam.
The growth of the Vietnam graphite electrode market is driven by the steel industry, electric arc furnace (EAF) steelmaking, and the demand for high-quality electrodes. Graphite electrodes are essential in EAFs for steel production. The market benefits from steel manufacturing, the growth of the automotive and construction sectors, and the need for efficient and sustainable steelmaking processes. Manufacturers offer graphite electrodes with excellent conductivity and durability, contributing to the market`s growth.
The Vietnam graphite electrode market confronts challenges related to graphite quality, production capacity, and market demand. Graphite electrodes are crucial for electric arc furnace (EAF) steelmaking and other high-temperature applications, and ensuring high-quality graphite is essential. Additionally, balancing production capacity with market demand can be a challenge. Manufacturers must invest in quality control, production capacity optimization, and market analysis to effectively meet the demands of industries relying on graphite electrodes.
The Vietnam graphite electrode market experienced changes during the COVID-19 pandemic, influenced by shifts in steel and metallurgy industries. Graphite electrodes are crucial for electric arc furnace steelmaking. With fluctuations in steel production and metallurgical activities, there were variations in demand for graphite electrodes. Manufacturers adapted by optimizing production processes and ensuring a steady supply of electrodes for essential industries. Online communication and sales channels gained prominence as manufacturers sought to meet specific industry needs. Despite challenges posed by the pandemic, the market remained dynamic and played a role in supporting steel production.
The Vietnam graphite electrode market includes key players involved in the manufacturing and supply of graphite electrodes for various industrial applications. Domestic manufacturers like Hanoi Carbon Trading JSC and Vinacarbon produce graphite electrodes used in electric arc furnaces for steelmaking and other metallurgical processes in Vietnam. Additionally, international graphite electrode manufacturers such as Showa Denko Carbon and Graphite India Limited may offer their products in the Vietnamese market, supporting the metal and steel industry.
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 Vietnam Graphite Electrode Market Overview |
3.1 Vietnam Country Macro Economic Indicators |
3.2 Vietnam Graphite Electrode Market Revenues & Volume, 2021 & 2031F |
3.3 Vietnam Graphite Electrode Market - Industry Life Cycle |
3.4 Vietnam Graphite Electrode Market - Porter's Five Forces |
3.5 Vietnam Graphite Electrode Market Revenues & Volume Share, By Electrode Grade, 2021 & 2031F |
3.6 Vietnam Graphite Electrode Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Vietnam Graphite Electrode Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing demand from the steel industry in Vietnam |
4.2.2 Increasing usage of graphite electrodes in electric arc furnaces |
4.2.3 Rising investments in infrastructure projects driving demand for steel production |
4.3 Market Restraints |
4.3.1 Fluctuating prices of raw materials such as needle coke |
4.3.2 Environmental regulations impacting production processes |
4.3.3 Intense competition from other electrode materials like carbon and silicon carbide |
5 Vietnam Graphite Electrode Market Trends |
6 Vietnam Graphite Electrode Market, By Types |
6.1 Vietnam Graphite Electrode Market, By Electrode Grade |
6.1.1 Overview and Analysis |
6.1.2 Vietnam Graphite Electrode Market Revenues & Volume, By Electrode Grade, 2021-2031F |
6.1.3 Vietnam Graphite Electrode Market Revenues & Volume, By Ultra High Power (UHP), 2021-2031F |
6.1.4 Vietnam Graphite Electrode Market Revenues & Volume, By High Power (SHP), 2021-2031F |
6.1.5 Vietnam Graphite Electrode Market Revenues & Volume, By Regular Power (RP), 2021-2031F |
6.2 Vietnam Graphite Electrode Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Vietnam Graphite Electrode Market Revenues & Volume, By Electric Arc Furnace, 2021-2031F |
6.2.3 Vietnam Graphite Electrode Market Revenues & Volume, By Basic Oxygen Furnace, 2021-2031F |
6.2.4 Vietnam Graphite Electrode Market Revenues & Volume, By Non-steel Application, 2021-2031F |
7 Vietnam Graphite Electrode Market Import-Export Trade Statistics |
7.1 Vietnam Graphite Electrode Market Export to Major Countries |
7.2 Vietnam Graphite Electrode Market Imports from Major Countries |
8 Vietnam Graphite Electrode Market Key Performance Indicators |
8.1 Average selling price of graphite electrodes in Vietnam |
8.2 Capacity utilization rates of graphite electrode manufacturers |
8.3 Number of new infrastructure projects in Vietnam using electric arc furnaces |
9 Vietnam Graphite Electrode Market - Opportunity Assessment |
9.1 Vietnam Graphite Electrode Market Opportunity Assessment, By Electrode Grade, 2021 & 2031F |
9.2 Vietnam Graphite Electrode Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Vietnam Graphite Electrode Market - Competitive Landscape |
10.1 Vietnam Graphite Electrode Market Revenue Share, By Companies, 2024 |
10.2 Vietnam Graphite Electrode Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |