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Needle Coke Market to Exhibit 10.55% CAGR till 2028 | Top Players – Asbury Carbons Inc., Baosteel Corporation, Graftech International Ltd., Indian Oil Corporation, Mitsubishi Chemical Holdings Corporation, 

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.

The report further sheds light on the emerging growth opportunities, challenges, market threats, limitations, and factors likely to restrict the growth of the Needle Coke market. The report further discusses in detail the market in international waters and the emerging trends in those regions. It also offers insights into the competitive landscape, market drivers, industrial scenario, and the latest product and technological developments to offer a comprehensive overview of the Needle Coke market landscape.

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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.

Segmental Analysis

The global Needle Coke market is broadly segmented on the basis of different product types, application range, end-use industries, key regions, and an intensely competitive landscape. This section of the report is solely targeted at readers looking to select the most appropriate and lucrative segments of the Needle Coke sector in a strategic manner. The segmental analysis also helps companies interested in this sector make optimal business decisions and achieve their desired goals.

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.

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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
      1. Shaft Calciner
      2. 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
        1. S.
        2. Canada
        3. Mexico
      • Europe
        1. Germany
        2. K.
        3. France
        4. Spain
        5. BENELUX
        6. Rest of Europe
      • Asia Pacific
        1. China
        2. India
        3. Japan
        4. South Korea
        5. Rest of APAC
      • Latin America
        1. Brazil
        2. Rest of LATAM
      • Middle East & Africa
        1. Saudi Arabia
        2. UAE
        3. Israel
        4. Rest Of MEA

Report Highlights:

  • The report conducts a comparative assessment of the leading market players participating in the global Needle Coke market.
  • The report marks the notable developments that have recently taken place in the Needle Coke industry
  • It details on the strategic initiatives undertaken by the market competitors for business expansion.
  • It closely examines the micro- and macro-economic growth indicators, as well as the essential elements of the Needle Coke market value chain.
  • The repot further jots down the major growth prospects for the emerging market players in the leading regions of the market.

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About Emergen Research

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 analyze 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.

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The post Needle Coke Market to Exhibit 10.55% CAGR till 2028 | Top Players – Asbury Carbons Inc., Baosteel Corporation, Graftech International Ltd., Indian Oil Corporation, Mitsubishi Chemical Holdings Corporation,  appeared first on Market O Graphics.

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