Needle coke is an essential component of steel production. It is used as the main heating element for the electric arc furnace (EAF) that melts and refines scrap metal into steel. It is also used to make graphite electrodes for use in the steel industry and for battery anode material.
Market Dynamics:
The global needle coke market is expected to witness significant growth over the forecast period due to the high demand for graphite electrodes for EAFs and for lithium-ion battery anode materials. In addition, the need to reduce the carbon emissions in the environment is also driving needle coke market growth. Moreover, the rising disposable income and swift urbanization in developed countries are further fuelling needle coke market growth. Additionally, increasing consumption of steel in automobiles and airplanes is again contributing to the needle coke market growth.
On the other hand, negative impact of Covid-19 is expected to hamper the market growth.
Key features of the study:
- This report provides in-depth analysis of the global needle coke market, and provides market size (US$ Billion) and compound annual growth rate (CAGR%) for the forecast period (2023–2030), considering 2022 as the base year
- It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
- It profiles key players in the global needle coke market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
- Key companies covered as a part of this study include Baosteel Group, C-Chem Co. Ltd, China National Petroleum Corporation, ENEOS Corporation, Kaifeng Pingmei New Carbon Material Technology Co. Ltd (KFCC), Mitsubishi Chemical Corporation, Phillips 66 Company, PMS Tech (a joint venture of POSCO Chemtech and Mitsubishi Chemical), Seadrift Coke L.P. (GrafTech International), Shandong Jing Yang Technology Co. Ltd, Shandong Yida Rongtong Trading Co. Ltd, Shanxi Hongte Coal Chemical Co. Ltd, and Sinosteel Corporation
- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
- The global needle coke market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global needle coke market
Detailed Segmentation:
- Global Needle Coke Market, By Product Type
- Petroleum Based
- Coal Tar Pitch Based
- Global Needle Coke Market, By Application
- Graphite Electrode
- Lithium-Ion Battery
- Others (Specialty Carbon Products)
- Global Needle Coke Market, By Geography
- North America
- Europe
- Asia-Pacific
- Latin America
- Middle East & Africa
- Company Profiles
- Baosteel Group
- C-Chem Co. Ltd
- China National Petroleum Corporation
- Eneos Corporation
- Kaifeng Pingmei New Carbon Material Technology Co. Ltd (Kfcc)
- Mitsubishi Chemical Corporation
- Phillips 66 Company
- Pms Tech (A Joint Venture Of Posco Chemtech And Mitsubishi Chemical)
- Seadrift Coke L.P. (Graftech International)
- Shandong Jing Yang Technology Co. Ltd
- Shandong Yida Rongtong Trading Co. Ltd
- Shanxi Hongte Coal Chemical Co. Ltd
- Sinosteel Corporation
