The latest research report by Emergen Research, named ‘Global Needle Coke Market – Forecast to 2032 The report offers these individuals a vivid description of the competitive spectrum of the global Needle Coke Market The study audits various winning strategies adopted by the market leaders to maintain the competitive edge worldwide. This adds more clarity to the research. Resource charts, tables and graphical images are included to make decisive statistics self-explanatory.
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).
The Needle Coke Market is a crucial segment of the global petrochemical industry, primarily driven by its significant application in the production of graphite electrodes for electric arc furnaces in steel manufacturing. Needle coke is a high-quality petroleum coke with a unique fibrous structure and low sulfur and metal content, making it ideal for manufacturing graphite electrodes. The market for needle coke is influenced by various factors, including the demand for steel, advancements in steelmaking technologies, and environmental regulations governing the production of needle coke.
Drivers of Needle Coke Market
Several factors drive the growth of the Needle Coke Market. Firstly, the increasing demand for steel, driven by infrastructural development, automotive production, and manufacturing activities, fuels the demand for needle coke as a key raw material for graphite electrode production. As electric arc furnaces gain prominence in steelmaking due to their energy efficiency and flexibility, the demand for graphite electrodes, and thus needle coke, is expected to rise. Additionally, advancements in steelmaking technologies, such as the use of ultra-high-power electrodes and innovative furnace designs, require high-quality needle coke with specific properties to ensure optimal performance and efficiency
Major Companies and Competitive Landscape
The Needle Coke Market is fairly consolidated with a few small and medium-sized market players accounting for majority of revenue. Major players are deploying various strategies, entering into mergers and acquisitions, strategic agreements and contracts, developing, testing, and introducing more effective in the market. Some major players included in the market 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.
To know more about the report, visit @ https://www.emergenresearch.com/industry-report/needle-coke-market
Key inclusions of the Needle Coke Market report:
COVID-19 effects on growth figures.
Statistical analysis pertaining to market size, sales volume, and overall industry revenue.
Organized mentions of major market trends.
Growth opportunities.
Figures showcasing market growth rate.
Advantages and disadvantages of direct and indirect sales channels.
Insights regarding traders, distributors, and dealers present in the industry.
Covid impact analysis:
The study on the Global Needle Coke Market is the latest report covering the impact analysis of the currently ongoing COVID-19 pandemic. The report provides a detailed outlook on how the pandemic has affected the key segments of the Needle Coke Market industry. The report includes an in-depth impact analysis of the COVID-19 pandemic on the overall Needle Coke Market industry. The pandemic has directly affected the market by causing disruptions in the global supply chains and indirectly by inducing financial difficulties The Needle Coke Market has witnessed dynamic changes in trends and demands owing to the ongoing COVID-19 pandemic.
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Needle Coke Market Segment Analysis
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; 2019-2030)
- Coal-based Needle Coke
- Petroleum-Based Needle Coke
- Shaft Calciner
- Rotary Kiln
- Grade Outlook (Revenue, USD Billion, Volume, Kilotons; 2019-2030)
- Intermediate Grade
- Premium Grade
- Super-Premium Grade
- Application Outlook (Revenue, USD Billion, Volume, Kilotons; 2019-2030)
- Graphite Electrodes
- Silicon Metal and Ferroalloys
- Lithium-ion Anode
- Carbon Black
- Rubber Compounds
- Others
- End-Use Outlook (Revenue, USD Billion, Volume, Kilotons; 2019-2030)
- Aluminum and steel Industry
- Aerospace & defense
- Automotive
- Semiconductor
- Others
Regional Analysis of the Needle Coke Market :
- 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)
Key Objectives of the Report:
- Analysis and estimation of the Needle Coke Market size and share for the projected period of 2022-2030
- Extensive analysis of the key players of the market by SWOT analysis and Porter’s Five Forces analysis to impart a clear understanding of the competitive landscape
- Strategic recommendations to help readers formulate lucrative business strategies
- Identification of the emerging players and their tactical approaches to expand market presence
- An extensive study of the product portfolios of the major market players and their regional presence
- Study of current and emerging trends, restraints, drivers, opportunities, challenges, growth prospects, and risks of the global Needle Coke Market
- Analysis of the growth prospects for the stakeholders and investors through the study of the promising segments
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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. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market.
