Needle Coke market share, size, revenue, current trends, CAGR status, and forecast data until 2030
The report, Global Needle Coke Market Research Report and Forecast to 2030, provides a detailed analysis of the global Needle Coke market, including market size, market share, current and future trends, and the most recent technological breakthroughs. The research provides information on the regional and global competitive landscape of the Needle Coke market, along with a complete prognosis through 2030. The impact of the COVID-19 epidemic on the market for Needle Coke has been updated in the most recent research. It examines the impact of the epidemic on each region’s political and economic systems. It presents a present and projected view of the pandemic’s effects on supply chain disruptions and economic volatility.
Global Needle Coke Market
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.
Global Needle Coke Market Highlights:
- Regional demand estimation and forecast
- Product Mix Matrix
- R&D Analysis
- Cost-Benefit Analysis
- Pre-commodity pricing volatility
- Supply chain optimization analysis
- Technological updates analysis
- Raw Material Sourcing Strategy
- Competitive Analysis
- Mergers & Acquisitions
- Location Quotients Analysis
- Carbon Footprint Analysis
- Patent Analysis
- Vendor Management
Competitive Landscape:
The latest study provides an insightful analysis of the broad competitive landscape of the global Needle Coke market, emphasizing the key market rivals and their company profiles. A wide array of strategic initiatives, such as new business deals, mergers & acquisitions, collaborations, joint ventures, technological upgradation, and recent product launches, undertaken by these companies has been discussed in the report. The report analyzes various elements of the market’s competitive scenario, such as the regulatory standards and policies implemented across the industry over recent years. Our team of experts has leveraged several powerful analytical tools, such as Porter’s Five Forces analysis and SWOT analysis, to deliver a comprehensive overview of the global Needle Coke market and pinpoint the fundamental growth trends.
Key Companies Profiled 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
Key Parameters Analyzed in This Section:
- Company Profiles
- Gross Revenue
- Profit margins
- Product sales trends
- Product pricing
- Industry Analysis
- Sales & distribution channels
Regional Segmentation:
- North America
- Latin America
- Europe
- Middle East & Africa
- Asia Pacific
Key Points Covered in This Section:
- Regional contribution
- Estimated revenue generation
- Vital data and information about the consumption rate in all the leading regional segments
- An expected rise in market share
- Forecast growth in the overall consumption rate
Click to access the Report Study, Read key highlights of the Report and Look at Projected Trends @ https://www.emergenresearch.com/industry-report/needle-coke-market
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.
Market Overview:
The report bifurcates the Needle Coke market on the basis of different product types, applications, end-user industries, and key regions of the world where the market has already established its presence. The report accurately offers insights into the supply-demand ratio and production and consumption volume of each segment.
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
Additional information offered by the report:
- Along with a complete overview of the global Cobots market, the report provides detailed scrutiny of the diverse market trends observed on both regional and global levels.
- The report elaborates on the global Cobots 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.
Thank you for reading our report. If you have any requests for customization of the latest report, kindly get in touch with us. Our team will assist you and ensure the report is designed as per your requirements.
About Us:
Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyse consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.
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