The Global Needle Coke Market research report is a complete document that explains the most recent breakthroughs and advancements in the Needle Coke industry, using 2019 as the base year and 2022–2030 as the forecast year. The analysis offers insightful data on the market's size, share, sales channels, distribution networks, market segmentation, consumer demands and trends, and growth prospects. The expansion of regional and global markets is also examined in the study. In the paper, the effect of the COVID-19 pandemic on the market for Needle Coke and its important sectors is studied.
The global Needle Coke market size reached USD 2,293.5 Billion in 2021 and is expected to register a revenue CAGR of 8.7% during the forecast period, according to the latest analysis by Emergen Research. Increasing production of graphite electrodes for the steel industry, especially in emerging countries, growing usage of smart devices, and high demand for graphite batteries are some key factors driving market revenue growth. Needle coke is a premium-grade, high-value petroleum coke used in the manufacturing of graphite electrodes with a very low Coefficient of Thermal Expansion (CTE). These graphite electrodes are used in Electric Arc Furnaces (EAFs) in the steel manufacturing industry for melting scrap metal and producing steel. The high tensile strength, good chemical stability, and high thermal conductivity of needle coke enable the manufacturing of ultra-high-power graphite electrodes and artificial graphite cathode materials.
Rising demand for semiconductors and various metals, materials, and components from aerospace and defense, building and construction, automotive, marine, and oil and gas, among various others, is driving an inclining demand for needle coke. Needle coke is highly preferred for its low thermal expansion coefficient, low porosity, and high conductivity and is widely used in the manufacture of synthetic graphite and anode material for lithium-ion batteries, which are used in Electric Vehicles (EVs). Graphite is the largest raw material in lithium-ion batteries by size. A surge in demand for EVs owing to increasing environmental impact and rising carbon emissions and favorable initiatives by governments for a green and low-carbon economy is boosting revenue growth in the needle coke market. For instance, the Tesla Model S electric vehicle contains up to 85kg of graphite. Increasing penetration of electric vehicles and shifting consumer preference towards hybrid-electric cars are factors expected to continue to drive market revenue growth during the forecast period.
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The study outlines the rapidly evolving and growing market segments along with valuable insights into each element of the industry. The industry has witnessed the entry of several new players, and the report aims to deliver insightful information about their transition and growth in the market. Mergers, acquisitions, partnerships, agreements, product launches, and joint ventures are all outlined in the report.
The leading market contenders listed in the report are:
Asbury Carbons, Baosteel Group Co., GrafTech International, Indian Oil Corporation Ltd., Mitsubishi Chemical Holdings Corporation, Nippon Steel Chemical & Material Co. Ltd., Phillips 66 Company, Posco Chemical, Sumitomo Corporation, and China National Petroleum Corporation
Target Audience of the Global Needle Coke Market Report:
Key Market Players
Investors
Venture capitalists
Small- and medium-sized and large enterprises
Third-party knowledge providers
Value-Added Resellers (VARs)
Global market producers, distributors, traders, and suppliers
Research organizations, consulting companies, and various alliances interested in this sector
Government bodies, independent regulatory authorities, and policymakers
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Major Geographies Analyzed in the Report:
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Market Segmentations of the Needle Coke Market
This market is segmented based on Types, Applications, and Regions. The growth of each segment provides accurate forecasts related to production and sales by Types and Applications, in terms of volume and value for the period between 2022 and 2030. This analysis can help readers looking to expand their business by targeting emerging and niche markets. Market share data is given on both global and regional levels. Regions covered in the report are North America, Europe, Asia Pacific, Latin America, and Middle East Africa. Research analysts assess the market positions of the leading competitors and provide competitive analysis for each company. For this study, this report segments the global Needle Coke market on the basis of product, application, and region:
Segments Covered in this report are:
Product Type Outlook (Revenue, USD Million, Volume, Kilotons; 2019-2030)
Coal-based Needle Coke
Petroleum-Based Needle Coke
Shaft Calciner
Rotary Kiln
Grade Outlook (Revenue, USD Million, Volume, Kilotons; 2019-2030)
Intermediate Grade
Premium Grade
Super-Premium Grade
Application Outlook (Revenue, USD Million, Volume, Kilotons; 2019-2030)
Graphite Electrodes
Silicon Metal and Ferroalloys
Lithium-ion Anode
Carbon Black
Rubber Compounds
Others
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Some Key Highlights From the Report
Petroleum-based needle coke segment accounted for relatively large revenue share in 2021. Increasing production of synthetic graphite electrodes for electric arc furnaces in the steel industry and lithium-ion battery anode material has significantly increased demand for petroleum-based needle coke.
Super-premium grade segment accounted for largest revenue share in 2021. Super-premium grade needle coke is being increasingly adopted owing to low sulfur content and exceptional inherent properties such as 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 2021. Graphite has properties such as high thermal conductivity and heat resistant, which can be used under harsh conditions such as in high-temperature atmospheres. Low thermal expansion coefficients property of graphite enables use as the main heating element in an electric arc furnace.
Needle coke market in Asia Pacific accounted for largest revenue share in 2021. Growing automotive sector along with rapid expansion of the steel industry in countries in the region are key factors driving increased demand for aluminum in Asia Pacific. Steel is widely utilized in building and construction sector owing to strength and durability, ductility, and resistance. Rapid urbanization and infrastructure development in various developing countries is driving rapid demand for steel and other materials from the construction sector. Moreover, Asia Pacific is a major consumer for semiconductors, accounting for over 50% of global consumption owing to major electronics market along with expanding automotive sector.
Additional information offered by the report:
Along with a complete overview of the global Needle Coke market, the report provides detailed scrutiny of the diverse market trends observed on both regional and global levels.
The report elaborates on the global Needle Coke market size and share governed by the major geographies.
It performs a precise market growth forecast analysis, cost analysis, and a study of the micro- and macro-economic indicators.
It further presents a detailed description of the company profiles of the key market contenders.
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