The latest and updated Emergen Research on the Global Needle Coke Market covers a comprehensive overview of the Needle Coke market, future economic condition, competitive landscape mapping, supply and demand trends, and production and consumption analysis. The report also covers the influence of the COVID-19 pandemic on the Needle Coke market. The pandemic has dynamically affected all aspects of life on a global scale along with drastic changes in the economy and market conditions. The report covers the currently fluctuating market scenario along with present and future assessment of the COVID-19 impact. The report encompasses the historical data, company overview, financial standing, and necessary information about the new and key players of the market.
The needle coke market size is expected to reach 2,075.51 Kilotons in 2028 in terms of volume consumed and register a steady CAGR of 10.55% over the forecast period, according to latest analysis by Emergen Research. Needle coke market revenue growth is driven by factors such as increasing usage in production of graphite electrodes for the steel industry and shift towards electric and hybrid vehicles. Needle coke is a premium grade, high value petroleum coke used in the manufacturing of graphite electrodes of very low Coefficient of Thermal Expansion (CTE) for the Electric Arc Furnaces (EAFs) widely deployed in the steel industry. These electrodes are used to melt steel scrap.
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Some major players in the market report include Asbury Carbons Inc., Baosteel Corporation, Graftech International Ltd., Indian Oil Corporation, Mitsubishi Chemical Holdings Corporation, Nippon Steel Chemical Material Co. Ltd., Phillips 66 Company, Posco Chemical, Sumitomo Corporation, Shandong Weijiao Holding Group Co. Ltd., and CNPC Jinzhou Petrochemical.
Market Overview:
The research report on the Needle Coke market is formulated through extensive primary and secondary research along with qualitative and quantitative analysis of vital aspects of the market. The insightful data is further validated and verified by the industry professionals. The report strives to offer deeper insights into the overall market scenario of the Needle Coke business sphere.
Regional Analysis:
The report sheds light on the region expected to dominate the Needle Coke market in the coming years. The report estimates the market size in terms of volume and value and offers an accurate estimate of the market share each region is anticipated to hold during the forecast period. The report analyzes the spread of the Needle Coke market in key geographies covering North America, Latin America, Europe, Asia Pacific, and Middle East Africa. The regional analysis offers an idea about the production and consumption pattern, import/export, supply and demand ratio, revenue contribution, market share and size, and the presence of prominent players in each region.
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Some Key Highlights From the Report
- Petroleum-based needle coke segment accounted for largest revenue share in 2020. This is a crucial ingredient used in the production of synthetic graphite electrodes for EAFs used in the steel industry and in lithium-ion battery anode material.
- Super-premium grade segment among the grade segments accounted for largest revenue share in 2020. Super-premium grade needle coke is being increasingly adopted owing to its low sulfur content and exceptional inherent properties. It exhibits low puffing rate, low coefficient of thermal expansion, and larger particle size, which allow 5% higher productivity in steel recycling.
- Graphite electrodes segment accounted for largest revenue share in 2020. Graphite has various properties such as high thermal conductivity and is resistant to heat. It is used under harsh conditions, such as in high-temperature settings and applications, and is therefore desired to have low thermal expansion coefficients, which makes it ideal for usage as main heating elements in EAFs.
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Emergen Research has segmented the global needle coke market on the basis of product type, grade, application, end-use, and region:
- Product Type Outlook (Revenue, USD Billion, Volume, Kilotons; 2018-2028)
- Coal-based Needle Coke
- Petroleum-Based Needle Coke
- Shaft Calciner
- Rotary Kiln
- Grade Outlook (Revenue, USD Billion, Volume, Kilotons; 2018-2028)
- Intermediate Grade
- Premium Grade
- Super-Premium Grade
- Application Outlook (Revenue, USD Billion, Volume, Kilotons; 2018-2028)
- Graphite Electrodes
- Silicon Metal and Ferroalloys
- Lithium-ion Anode
- Carbon Black
- Rubber Compounds
- Other Applications
- End-Use Outlook (Revenue, USD Billion, Volume, Kilotons; 2018-2028)
- Aluminum and Steel Industry
- Automotive
- Semiconductor
- Other End-use
- Regional Outlook (Revenue, USD Billion, Volume, Kilotons; 2018–2028)
- North America
- S.
- Canada
- Mexico
- Europe
- Germany
- K.
- France
- Spain
- BENELUX
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- Middle East Africa
- Saudi Arabia
- UAE
- Israel
- Rest Of MEA
- North America
Overview of the Needle Coke Market Report:
- Introduction, Product Scope, Market Overview, and Opportunities
- Analysis of the Manufacturers with sales, revenue, and price analysis
- Comprehensive analysis of the competitive landscape
- Extensive profiling of the key competitors along with their business strategies and market size
- Regional analysis of the market along with sales, revenue, market share, and global position
- Country-wise analysis of the market along with types, applications, and manufacturing
- Strategic recommendations to established players as well as new entrants
- In-depth analysis of the risks, restraints, and limitations in the Needle Coke industry
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