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 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 of 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. High tensile strength, good chemical stability, and high thermal conductivity of needle coke enables manufacturing of ultra-high power graphite electrode and artificial graphite cathode materials.

The needle coke market refers to the global industry involved in the production and distribution of needle coke, which is a specialized form of petroleum coke. Needle coke is a high-quality carbon material used in the production of graphite electrodes, which are essential in electric arc furnaces for steel production.

The demand for needle coke is primarily driven by the growing steel industry, as electric arc furnaces are increasingly being used as an alternative to traditional blast furnaces. The properties of needle coke, such as its high thermal conductivity, low coefficient of thermal expansion, and high mechanical strength, make it ideal for manufacturing graphite electrodes capable of withstanding extreme temperatures and electrical stress.

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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. 

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

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

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

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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.

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

    1. Shaft Calciner

    2. 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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Key reasons to buy the Global Needle Coke Market report:

1. The latest report comprehensively studies the global Needle Coke market size and provides useful inference on numerous aspects of the market, such as the current business trends, market share, product offerings, and product share.

2. The report offers an insightful analysis of the regional outlook of the market.

3. It offers a detailed account of the end-use applications of the products services offered by this industry.

4. The report holistically covers the latest developments taking place in this industry. Therefore, it lists the most effective business strategies implemented by the market rivals for ideal business expansion.

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