Soderberg Electrode Paste Market Growth Forecast: Shift to Eco-Friendly Pastes and Regulatory Safety Standards
Soderberg Electrode Paste market continues steady growth, with its valuation reaching USD 1,375.70 million in 2023 . According to latest industry analysis, the market is projected to grow at a CAGR of 2.20% , reaching approximately USD 1,673.33 million by 2032 . Growth is primarily driven by expanding ferroalloy production and rising adoption of electric arc furnaces in steel manufacturing globally. Soderberg electrode paste, named after inventor Carl Wilhelm Soderberg, serves as a critical conductive material in submerged arc furnaces for producing ferroalloys, calcium carbide, and various metals. Unlike prebaked electrodes, Soderberg paste offers continuous self-baking capabilities, reducing operational costs while maintaining conductivity essential for smelting processes. Its composition of calcined anthracite, graphite, and coal tar pitch ensures stable furnace operation with minimized energy losses. Download FREE Sample Report: https://www.24chemicalresearch.com/download-sample/2...