Needle Coke Market report by size,
share, application, and geography – global forecast to 2028 is a professional
and in-depth research on the world’s major regional Needle Coke market
conditions, segmentation, key manufacturers and driving factors.
Global needle coke market is expected to grow at a
significant CAGR in the upcoming period as the scope and its applications are
rising enormously across the globe. Needle coke is a high value, premium grade
petroleum coke exclusively used in the manufacturing of graphite electrodes of
the very low coefficient of thermal expansion (CTE) for the electric arc
heaters in the steel industry. It is crystalline and offers the properties
needed for manufacturing graphite electrode.
The factors that are playing a major role in the growth of
the market are the growing production of electric vehicles and the high demand
in graphite electrodes and lithium-ion batteries. However, the high cost of
graphite electrodes and the environment related concerns may restrain overall
market growth in the years to come. Needle coke market is segmented based on product
type, grade, application, and region.
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Coal tar pitch and petroleum-derived are the product types
that could be explored in needle coke in the forecast period. Petroleum-derived
needle coke sector accounted for the substantial market share of needle coke
and is estimated to continue its dominance in the years to come. Super premium
(SP), intermediate (I), and premium (P) are the grades that could be explored
in needle coke in needle coke industry in the forecast period. The
super-premium sector accounted for the substantial market share of needle coke
and is estimated to lead the overall market in the years to come.
The market may be categorized based on applications like
specialty carbons, graphite electrode manufacturing, lithium-ion batteries, and
others that could be explored in needle coke in the forecast period. The
graphite electrode-manufacturing sector accounted for the substantial market
share of needle coke and is estimated to lead the overall market in the years
to come. The reason could be the rising use of needle coke in the graphite
electrode manufacturing. In addition, lithium-ion batteries sector is estimated
to grow at the fastest pace in the years to come.
Globally, Asia Pacific accounted for the substantial market
share of needle coke and is estimated to lead the overall market in the years
to come. The reason behind the overall market growth could be the rising demand
for steel from several end-users, the growing investment in the steel sector,
and the increasing automotive production in the developing countries. The
developing countries like India and China are the major consumers of needle
coke in the region.
Europe and North America are also estimated to have a
positive influence on future growth. Europe is the second largest region with
significant market share. However, North America is estimated to grow at the
highest CAGR in the forecast period. The key players of needle coke market are
Reliance Industries Limited, Essar Oil Ltd., Indian Oil Corporation Ltd., and
GrafTech International Holdings Inc. These players are concentrating on
inorganic growth to sustain themselves amidst fierce competition.
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Market Segment:
Report contents include
•
Analysis of the needle coke market including
revenues, future growth, market outlook
•
Historical data and forecast
•
Regional analysis including growth estimates
•
Analyzes the end user markets including growth
estimates.
•
Profiles on needle coke including products,
sales/revenues, and market position
•
Market structure, market drivers and restraints.
Key regions
•
North America
•
Europe
•
Asia Pacific
•
Middle East and Africa
•
South America
Key vendors
•
Shanghai Baosteel Chemical Co. Ltd.
•
China National Petroleum Corporation
•
ConocoPhillips Company
•
Shijiazhuang Deli Chemical Co., Ltd.
•
Fangda Carbon New Material Co., Ltd.
•
GrafTech International Ltd.
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