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PUBLISHER: Polaris Market Research | PRODUCT CODE: 1421761
PUBLISHER: Polaris Market Research | PRODUCT CODE: 1421761
Recarburizers Market Share, Size, Trends, Industry Analysis Report, By Material (Petroleum Coke, Charcoal, and Graphite); By Application; By Region; Segment Forecast, 2023 - 2032
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PAGES: 115 Pages
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The global recarburizers market size is expected to reach USD 879.48 million by 2032, according to a new study by Polaris Market Research. The report "Recarburizers Market Share, Size, Trends, Industry Analysis Report, By Material (Petroleum Coke, Charcoal, and Graphite); By Application; By Region; Segment Forecast, 2023 - 2032" gives a detailed insight into current market dynamics and provides analysis on future market growth.
Increasing steel demand across a diverse range of industries, growing production of steel and iron that significantly requires recarburizers to achieve desired carbon levels, and drastic shift towards environmentally friendly and sustainable manufacturing practices are the leading factors propelling the market growth. In addition, rising investments in R&D activities to innovate new products and, upgrade the existing ones, and focus on several business expansion or development strategies like partnerships and collaborations by major players will likely bode well for market growth over the years.
For instance, in May 2023, EcoGraf Limited announced that they had signed a non-binding Cooperation Agreement with POSCO International. Under this agreement, the companies will focus on the development of by-product fines, including EcoGraf's GreenRECARB, a type of induction and electric arc furnace recarburizer, among others.
Moreover, the growing emphasis on high-performance and superior-quality steel products around the world has led to a significant number of industries seeking cleaner alternative solutions for carbon control during steel production. As recarburizers offer an eco-friendly and sustainable solution for maintaining carbon levels while reducing impurities and improving mechanical properties, they are gaining huge traction worldwide.
The rapid development of various types of nanostructured carbon materials such as graphene or carbon nanotubes has shown promise in improving the effectiveness of recarburizers and surge in the number of innovations in purification processes worldwide that help to remove impurities and contaminants from the raw materials used in the product production with higher-quality, are likely to generate huge growth potential for the market in the next coming years.
The growing number of companies investing in research & development activities to develop or create efficient and innovative recarburization technologies and increasing incorporation of advanced graphitization techniques, purification processes, and surface modifications into the production processes has been gaining significant traction and population in recent years.
For instance, in May 2023, EcoGraf Limited announced that they had signed a non-binding Cooperation Agreement with POSCO International. Under this agreement, the companies will focus on the development of by-product fines, including EcoGraf's GreenRECARB, a type of induction and electric arc furnace recarburizer, among others.
Recarburizers Market Report Highlights
The petroleum coke segment accounted for a noteworthy share, mainly due to its beneficial characteristics, including high carbon content and favorable carbon combustion.
The steel production segment held the majority market share on account of a significant increase in the need for steel among various industries like automotive.
Asia Pacific dominated the global market with a considerable share, owing to the presence of some of the leading steel-producing countries and rapid industrialization in the region.
The key market players include Challenger Carbon and Chemical Corporation, Oxbow Carbon, Pioneer Carbon, Rain Industries, GrafTech International, and LUKOIL.
Polaris Market Research has segmented the recarburizers market report based on material and application, and region:
Recarburizers, Material Outlook (Revenue - USD Million, 2023 - 2032)
- Petroleum Coke
- Charcoal
- Graphite
Recarburizers, Application Outlook (Revenue - USD Million, 2023 - 2032)
- Casting
- Smelting
- Steel Production
Recarburizers, Regional Outlook (Revenue - USD Million, 2023 - 2032)
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Netherlands
- Asia Pacific
- China
- India
- Japan
- South Korea
- Indonesia
- Malaysia
- Latin America
- Argentina
- Brazil
- Mexico
- Middle East & Africa
- UAE
- Saudi Arabia
- Israel
- South Africa
Product Code: PM4083
Table of Contents
1. Introduction
- 1.1. Report Description
- 1.1.1. Objectives of the Study
- 1.1.2. Market Scope
- 1.1.3. Assumptions
- 1.2. Stakeholders
2. Executive Summary
- 2.1. Market Highlights
3. Research Methodology
- 3.1. Overview
- 3.1.1. Data Mining
- 3.2. Data Sources
- 3.2.1. Primary Sources
- 3.2.2. Secondary Sources
4. Global Recarburizers Market Insights
- 4.1. Recarburizers Market - Industry Snapshot
- 4.2. Recarburizers Market Dynamics
- 4.2.1. Drivers and Opportunities
- 4.2.1.1. Growing steel demand from various industries driving the market growth
- 4.2.1.2. The growing focus of industries, particularly steel and foundry industries, towards sustainability and reducing their carbon footprint and emissions
- 4.2.2. Restraints and Challenges
- 4.2.2.1. Stringent environmental regulations
- 4.2.1. Drivers and Opportunities
- 4.3. Porter's Five Forces Analysis
- 4.3.1. Bargaining Power of Suppliers (Moderate)
- 4.3.2. Threats of New Entrants: (Low)
- 4.3.3. Bargaining Power of Buyers (Moderate)
- 4.3.4. Threat of Substitute (Moderate)
- 4.3.5. Rivalry among existing firms (High)
- 4.4. PESTLE Analysis
- 4.5. Recarburizers Industry trends
- 4.6. Value Chain Analysis
- 4.7. COVID-19 Impact Analysis
5. Global Recarburizers Market, by Material
- 5.1. Key Findings
- 5.2. Introduction
- 5.2.1. Global Recarburizers, by Material, 2019-2032 (USD Million)
- 5.3. Petroleum Coke
- 5.3.1. Global Recarburizers Market, by Petroleum Coke, by Region, 2019-2032 (USD Million)
- 5.4. Charcoal
- 5.4.1. Global Recarburizers Market, by Charcoal, by Region, 2019-2032 (USD Million)
- 5.5. Graphite
- 5.5.1. Global Recarburizers Market, by Graphite, by Region, 2019-2032 (USD Million)
6. Global Recarburizers Market, by Application
- 6.1. Key Findings
- 6.2. Introduction
- 6.2.1. Global Recarburizers Market, by Application, 2019-2032 (USD Million)
- 6.3. Casting
- 6.3.1. Global Recarburizers Market, by Casting, by Region, 2019-2032 (USD Million)
- 6.4. Smelting
- 6.4.1. Global Recarburizers Market, by Smelting, by Region, 2019-2032 (USD Million)
- 6.5. Steel Production
- 6.5.1. Global Recarburizers Market, by Steel Production, by Region, 2019-2032 (USD Million)
7. Global Recarburizers Market, by Geography
- 7.1. Key findings
- 7.2. Introduction
- 7.2.1. Recarburizers Market Assessment, By Geography, 2019-2032 (USD Million)
- 7.3. Recarburizers Market - North America
- 7.3.1. North America: Recarburizers Market, by Application, 2019-2032 (USD Million)
- 7.3.2. North America: Recarburizers Market, by Material, 2019-2032 (USD Million)
- 7.3.3. Recarburizers Market - U.S.
- 7.3.3.1. U.S.: Recarburizers Market, by Application, 2019-2032 (USD Million)
- 7.3.3.2. U.S.: Recarburizers Market, by Material, 2019-2032 (USD Million)
- 7.3.4. Recarburizers Market - Canada
- 7.3.4.1. Canada: Recarburizers Market, by Application, 2019-2032 (USD Million)
- 7.3.4.2. Canada: Recarburizers Market, by Material, 2019-2032 (USD Million)
- 7.4. Recarburizers Market - Europe
- 7.4.1. Europe: Recarburizers Market, by Application, 2019-2032 (USD Million)
- 7.4.2. Europe: Recarburizers Market, by Material, 2019-2032 (USD Million)
- 7.4.3. Recarburizers Market - UK
- 7.4.3.1. UK: Recarburizers Market, by Application, 2019-2032 (USD Million)
- 7.4.3.2. UK: Recarburizers Market, by Material, 2019-2032 (USD Million)
- 7.4.4. Recarburizers Market - France
- 7.4.4.1. France: Recarburizers Market, by Application, 2019-2032 (USD Million)
- 7.4.4.2. France: Recarburizers Market, by Material, 2019-2032 (USD Million)
- 7.4.5. Recarburizers Market - Germany
- 7.4.5.1. Germany: Recarburizers Market, by Application, 2019-2032 (USD Million)
- 7.4.5.2. Germany: Recarburizers Market, by Material, 2019-2032 (USD Million)
- 7.4.6. Recarburizers Market - Italy
- 7.4.6.1. Italy: Recarburizers Market, by Application, 2019-2032 (USD Million)
- 7.4.6.2. Italy: Recarburizers Market, by Material, 2019-2032 (USD Million)
- 7.4.7. Recarburizers Market - Spain
- 7.4.7.1. Spain: Recarburizers Market, by Application, 2019-2032 (USD Million)
- 7.4.7.2. Spain: Recarburizers Market, by Material, 2019-2032 (USD Million)
- 7.4.8. Recarburizers Market - Netherlands
- 7.4.8.1. Netherlands: Recarburizers Market, by Application, 2019-2032 (USD Million)
- 7.4.8.2. Netherlands: Recarburizers Market, by Material, 2019-2032 (USD Million)
- 7.4.9. Recarburizers Market - Russia
- 7.4.9.1. Russia: Recarburizers Market, by Application, 2019-2032 (USD Million)
- 7.4.9.2. Russia: Recarburizers Market, by Material, 2019-2032 (USD Million)
- 7.5. Recarburizers Market - Asia Pacific
- 7.5.1. Asia Pacific: Recarburizers Market, by Application, 2019-2032 (USD Million)
- 7.5.2. Asia Pacific: Recarburizers Market, by Material, 2019-2032 (USD Million)
- 7.5.3. Recarburizers Market - China
- 7.5.3.1. China: Recarburizers Market, by Application, 2019-2032 (USD Million)
- 7.5.3.2. China: Recarburizers Market, by Material, 2019-2032 (USD Million)
- 7.5.4. Recarburizers Market - India
- 7.5.4.1. India: Recarburizers Market, by Application, 2019-2032 (USD Million)
- 7.5.4.2. India: Recarburizers Market, by Material, 2019-2032 (USD Million)
- 7.5.5. Recarburizers Market - Malaysia
- 7.5.5.1. Malaysia: Recarburizers Market, by Application, 2019-2032 (USD Million)
- 7.5.5.2. Malaysia: Recarburizers Market, by Material, 2019-2032 (USD Million)
- 7.5.6. Recarburizers Market - Japan
- 7.5.6.1. Japan: Recarburizers Market, by Application, 2019-2032 (USD Million)
- 7.5.6.2. Japan: Recarburizers Market, by Material, 2019-2032 (USD Million)
- 7.5.7. Recarburizers Market - Indonesia
- 7.5.7.1. Indonesia: Recarburizers Market, by Application, 2019-2032 (USD Million)
- 7.5.7.2. Indonesia: Recarburizers Market, by Material, 2019-2032 (USD Million)
- 7.5.8. Recarburizers Market - South Korea
- 7.5.8.1. South Korea: Recarburizers Market, by Application, 2019-2032 (USD Million)
- 7.5.8.2. South Korea: Recarburizers Market, by Material, 2019-2032 (USD Million)
- 7.6. Recarburizers Market - Middle East & Africa
- 7.6.1. Middle East & Africa: Recarburizers Market, by Application, 2019-2032 (USD Million)
- 7.6.2. Middle East & Africa: Recarburizers Market, by Material, 2019-2032 (USD Million)
- 7.6.3. Recarburizers Market - Saudi Arabia
- 7.6.3.1. Saudi Arabia: Recarburizers Market, by Application, 2019-2032 (USD Million)
- 7.6.3.2. Saudi Arabia: Recarburizers Market, by Material, 2019-2032 (USD Million)
- 7.6.4. Recarburizers Market - UAE
- 7.6.4.1. UAE: Recarburizers Market, by Application, 2019-2032 (USD Million)
- 7.6.4.2. UAE: Recarburizers Market, by Material, 2019-2032 (USD Million)
- 7.6.5. Recarburizers Market - Israel
- 7.6.5.1. Israel: Recarburizers Market, by Application, 2019-2032 (USD Million)
- 7.6.5.2. Israel: Recarburizers Market, by Material, 2019-2032 (USD Million)
- 7.6.6. Recarburizers Market - South Africa
- 7.6.6.1. South Africa: Recarburizers Market, by Application, 2019-2032 (USD Million)
- 7.6.6.2. South Africa: Recarburizers Market, by Material, 2019-2032 (USD Million)
- 7.7. Recarburizers Market - Latin America
- 7.7.1. Latin America: Recarburizers Market, by Application, 2019-2032 (USD Million)
- 7.7.2. Latin America: Recarburizers Market, by Material, 2019-2032 (USD Million)
- 7.7.3. Recarburizers Market - Mexico
- 7.7.3.1. Mexico: Recarburizers Market, by Application, 2019-2032 (USD Million)
- 7.7.3.2. Mexico: Recarburizers Market, by Material, 2019-2032 (USD Million)
- 7.7.4. Recarburizers Market - Brazil
- 7.7.4.1. Brazil: Recarburizers Market, by Application, 2019-2032 (USD Million)
- 7.7.4.2. Brazil: Recarburizers Market, by Material, 2019-2032 (USD Million)
- 7.7.5. Recarburizers Market - Argentina
- 7.7.5.1. Argentina: Recarburizers Market, by Application, 2019-2032 (USD Million)
- 7.7.5.2. Argentina: Recarburizers Market, by Material, 2019-2032 (USD Million)
8. Competitive Landscape
- 8.1. Expansion and Acquisition Analysis
- 8.1.1. Expansion
- 8.1.2. Acquisitions
- 8.2. Partnerships/Collaborations/Agreements/Exhibitions
9. Company Profiles
- 9.1. Anyang Jinbeite Metallurgical Refractories Co. Ltd.
- 9.1.1. Company Overview
- 9.1.2. Financial Performance
- 9.1.3. Product Benchmarking
- 9.1.4. Recent Development
- 9.2. Anyang Xinlongsen Metallurgical Material Co. Ltd.
- 9.2.1. Company Overview
- 9.2.2. Financial Performance
- 9.2.3. Product Benchmarking
- 9.2.4. Recent Development
- 9.3. Challenger Carbon and Chemical Corporation
- 9.3.1. Company Overview
- 9.3.2. Financial Performance
- 9.3.3. Product Benchmarking
- 9.3.4. Recent Development
- 9.4. Elkem
- 9.4.1. Company Overview
- 9.4.2. Financial Performance
- 9.4.3. Product Benchmarking
- 9.4.4. Recent Development
- 9.5. GrafTech International
- 9.5.1. Company Overview
- 9.5.2. Financial Performance
- 9.5.3. Product Benchmarking
- 9.5.4. Recent Development
- 9.6. Henan Chenggang Matal Materials Co. Ltd.
- 9.6.1. Company Overview
- 9.6.2. Financial Performance
- 9.6.3. Product Benchmarking
- 9.6.4. Recent Development
- 9.7. Hunan Xintan New Material Co. Ltd.
- 9.7.1. Company Overview
- 9.7.2. Financial Performance
- 9.7.3. Product Benchmarking
- 9.7.4. Recent Development
- 9.8. JuChun Carbon
- 9.8.1. Company Overview
- 9.8.2. Financial Performance
- 9.8.3. Product Benchmarking
- 9.8.4. Recent Development
- 9.9. LUKOIL
- 9.9.1. Company Overview
- 9.9.2. Financial Performance
- 9.9.3. Product Benchmarking
- 9.9.4. Recent Development
- 9.10. Nippon Coke & Engineering Co. Ltd.
- 9.10.1. Company Overview
- 9.10.2. Financial Performance
- 9.10.3. Product Benchmarking
- 9.10.4. Recent Development
- 9.11. Oxbon Caron LLC
- 9.11.1. Company Overview
- 9.11.2. Financial Performance
- 9.11.3. Product Benchmarking
- 9.11.4. Recent Development
- 9.12. Pioneer Carbon
- 9.12.1. Company Overview
- 9.12.2. Financial Performance
- 9.12.3. Product Benchmarking
- 9.12.4. Recent Development
- 9.13. Rain Industries Limited
- 9.13.1. Company Overview
- 9.13.2. Financial Performance
- 9.13.3. Product Benchmarking
- 9.13.4. Recent Development
- 9.14. Secar Carburos
- 9.14.1. Company Overview
- 9.14.2. Financial Performance
- 9.14.3. Product Benchmarking
- 9.14.4. Recent Development
- 9.15. Shijiazhuang Huanan Carbon Factory Co. Ltd.
- 9.15.1. Company Overview
- 9.15.2. Financial Performance
- 9.15.3. Product Benchmarking
- 9.15.4. Recent Development
Product Code: PM4083
List of Tables
- Table 1 Global Recarburizers Market, by Application, 2019-2032 (USD Million)
- Table 2 Global Recarburizers Market, by Material, 2019-2032 (USD Million)
- Table 3 Recarburizers Market Assessment, By Geography, 2019-2032 (USD Million)
- Table 4 North America: Recarburizers Market, by Application, 2019-2032 (USD Million)
- Table 5 North America: Recarburizers Market, by Material, 2019-2032 (USD Million)
- Table 6 U.S.: Recarburizers Market, by Application, 2019-2032 (USD Million)
- Table 7 U.S.: Recarburizers Market, by Material, 2019-2032 (USD Million)
- Table 8 Canada: Recarburizers Market, by Application, 2019-2032 (USD Million)
- Table 9 Canada: Recarburizers Market, by Material, 2019-2032 (USD Million)
- Table 10 Europe: Recarburizers Market, by Application, 2019-2032 (USD Million)
- Table 11 Europe: Recarburizers Market, by Material, 2019-2032 (USD Million)
- Table 12 UK: Recarburizers Market, by Application, 2019-2032 (USD Million)
- Table 13 UK: Recarburizers Market, by Material, 2019-2032 (USD Million)
- Table 14 France: Recarburizers Market, by Application, 2019-2032 (USD Million)
- Table 15 France: Recarburizers Market, by Material, 2019-2032 (USD Million)
- Table 16 Germany: Recarburizers Market, by Application, 2019-2032 (USD Million)
- Table 17 Germany: Recarburizers Market, by Material, 2019-2032 (USD Million)
- Table 18 Italy: Recarburizers Market, by Application, 2019-2032 (USD Million)
- Table 19 Italy: Recarburizers Market, by Material, 2019-2032 (USD Million)
- Table 20 Spain: Recarburizers Market, by Application, 2019-2032 (USD Million)
- Table 21 Spain: Recarburizers Market, by Material, 2019-2032 (USD Million)
- Table 22 Netherlands: Recarburizers Market, by Application, 2019-2032 (USD Million)
- Table 23 Netherlands: Recarburizers Market, by Material, 2019-2032 (USD Million)
- Table 24 Russia: Recarburizers Market, by Application, 2019-2032 (USD Million)
- Table 25 Russia: Recarburizers Market, by Material, 2019-2032 (USD Million)
- Table 26 Asia Pacific: Recarburizers Market, by Application, 2019-2032 (USD Million)
- Table 27 Asia Pacific: Recarburizers Market, by Material, 2019-2032 (USD Million)
- Table 28 China: Recarburizers Market, by Application, 2019-2032 (USD Million)
- Table 29 China: Recarburizers Market, by Material, 2019-2032 (USD Million)
- Table 30 India: Recarburizers Market, by Application, 2019-2032 (USD Million)
- Table 31 India: Recarburizers Market, by Material, 2019-2032 (USD Million)
- Table 32 Malaysia: Recarburizers Market, by Application, 2019-2032 (USD Million)
- Table 33 Malaysia: Recarburizers Market, by Material, 2019-2032 (USD Million)
- Table 34 Japan: Recarburizers Market, by Application, 2019-2032 (USD Million)
- Table 35 Japan: Recarburizers Market, by Material, 2019-2032 (USD Million)
- Table 36 Indonesia: Recarburizers Market, by Application, 2019-2032 (USD Million)
- Table 37 Indonesia: Recarburizers Market, by Material, 2019-2032 (USD Million)
- Table 38 South Korea: Recarburizers Market, by Application, 2019-2032 (USD Million)
- Table 39 South Korea: Recarburizers Market, by Material, 2019-2032 (USD Million)
- Table 40 Middle East & Africa: Recarburizers Market, by Application, 2019-2032 (USD Million)
- Table 41 Middle East & Africa: Recarburizers Market, by Material, 2019-2032 (USD Million)
- Table 42 Saudi Arabia: Recarburizers Market, by Application, 2019-2032 (USD Million)
- Table 43 Saudi Arabia: Recarburizers Market, by Material, 2019-2032 (USD Million)
- Table 44 UAE: Recarburizers Market, by Application, 2019-2032 (USD Million)
- Table 45 UAE: Recarburizers Market, by Material, 2019-2032 (USD Million)
- Table 46 Israel: Recarburizers Market, by Application, 2019-2032 (USD Million)
- Table 47 Israel: Recarburizers Market, by Material, 2019-2032 (USD Million)
- Table 48 South Africa: Recarburizers Market, by Application, 2019-2032 (USD Million)
- Table 49 South Africa: Recarburizers Market, by Material, 2019-2032 (USD Million)
- Table 50 Latin America: Recarburizers Market, by Application, 2019-2032 (USD Million)
- Table 51 Latin America: Recarburizers Market, by Material, 2019-2032 (USD Million)
- Table 52 Mexico: Recarburizers Market, by Application, 2019-2032 (USD Million)
- Table 53 Mexico: Recarburizers Market, by Material, 2019-2032 (USD Million)
- Table 54 Brazil: Recarburizers Market, by Application, 2019-2032 (USD Million)
- Table 55 Brazil: Recarburizers Market, by Material, 2019-2032 (USD Million)
- Table 56 Argentina: Recarburizers Market, by Application, 2019-2032 (USD Million)
- Table 57 Argentina: Recarburizers Market, by Material, 2019-2032 (USD Million)
List of Figures
- Figure 1 Global Recarburizers Market, 2019-2032 (USD Million)
- Figure 2 Integrated Ecosystem
- Figure 3 Research Methodology: Top-Down & Bottom-Up Approach
- Figure 4 Market by Geography
- Figure 5 Porter's Five Forces
- Figure 6 Market by Application
- Figure 7 Global Recarburizers Market, by Application, 2022 & 2032 (USD Million)
- Figure 8 Market by Material
- Figure 9 Global Recarburizers Market, by Material, 2022 & 2032 (USD Million)
- Figure 10 Recarburizers Market Assessment, By Geography, 2019-2032 (USD Million)
- Figure 11 Strategic Analysis - Recarburizers Market
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