#Needle Coke Market Share

[pravalika]

Needle Coke Market - Forecast (2023 - 2028)

Needle Coke Market size was valued at $3.7 billion in 2019 is forecast to reach $5.3 billion by 2025, after growing at a CAGR of 6.1% during 2020-2025. Needle Coke is a premium grade high value petroleum coke utilized for the manufacturing of the graphite electrodes. The major factor driving the growth of the market studied is rapidly increasing demand from steel manufacturing industry. Emerging economies such as China, India and others, is estimated to fuel market demand. Additionally, growing Graphite electrodes demand from aerospace industry is assessed to create opportunities for the market in the coming years. However, frequent fluctuations in crude oil prices is estimated to negatively impact the market growth.

Report Coverage

The report: “Needle Coke Market – Forecast (2020-2025)”, by IndustryARC, covers an in-depth analysis of the following segments of the Needle Coke Industry.

By Type: Petroleum Based and Coal Based.

By Grade: Intermediate, Premium and Super Premium.

By Application: Graphite Electrode, Special Carbon Material, Lithium Ion Battery and Others.

By Geography: North America, South America, Europe, Asia Pacific, and Rest of World.

Key Takeaways

Petroleum based needle coke held a larger market share in 2019, owing to its ability to withstand high-temperature conditions among other factors.

Among all the applications, electrodes accounted for the largest market share in 2019 and is projected to grow at a rate of XX% during the forecast period, 2020-2025.

The demand for lithium-ion batteries as well as growth of the steel industries are some of the key factors, fueling the growth of the needle coke market. 

Asia Pacific dominated the needle coke market with a share of more than XX% in 2019 due to rise in infrastructure and growth of the manufacturing sector.

The prevailing COVID-19 pandemic has severely affected businesses worldwide. As majority of automotive companies and manufacturers have shut down production, the industry operators are likely to witness decline in the demand for needle coke.

Needle Coke Market Segment Analysis - By Type

Petroleum based needle coke held a larger market share in 2019 and is projected to grow at a rate of XX% in the forecast period, 2020-2025. The ability to withstand high-temperature conditions, specifically in steel production, as well as less harmful effect on environment are some of the key properties of petroleum-based needle coke, fueling the market demand. The petroleum needle coke market is primarily driven by demand for graphite electrodes from the steel industry. High demand for steel from industries such as automotive, transport, building & construction, electrical engineering, consumer goods, foil & packaging, machinery & equipment, and others is propelling the steel industry. 

Needle Coke Market Segment Analysis - By Application

Among all the applications, electrodes contributed the largest market share in 2019 and is projected to grow at a rate of XX% during the forecast period, 2020-2025. Graphite electrodes find usage in electric arc furnace (EAF) and ladle furnace (LF) for production of steel, silicon metal production, ferroalloy production, and smelting processes, among others.

Needle Coke Market Segment Analysis - Geography

Asia Pacific dominated the needle coke market with a share of more than 38% in 2019. Development of infrastructural activities in this region, primarily in China, India, and Malaysia. The market dominance of the region is owing to the growing infrastructure and growth of the manufacturing sector. During the forecast period, 2020-2025, the new energy vehicle industry in China is projected to grow rapidly and China's favorable policy about the recycling of resources is estimated to accelerate the development of electric furnaces. China's output of needle coke is projected to be more than 1,300 kilo-ton in 2025, showing a CAGR of XX% between 2020 and 2025.

Needle Coke Market Drivers

Rising demand in steel recycling market

Surging demand in steel recycling is another factor propelling the growth of the global needle coke market in future. Since, needle coke is an important part in steel industry, is projected to witness a solid growth. Rising demand for petroleum-based coke in order to generate energy is projected to drive the market in future. Moreover, beneficial properties of this coke type, such as less breakage, low thermal expansion coefficient, and electric resistance are projected to boost the market growth during the forecast period, 2020-2025.

Surge in demand for of lithium-ion batteries

Increase in use of various automobiles such as electric & hybrid vehicles, rise in demand from electrical & electronics industry are some of the key reasons fueling the demand for lithium-ion batteries. As one of the key components used to manufacture lithium-ion batteries is needle coke, rise in the demand for lithium-ion battery is going to fuel the demand for needle coke.

The lithium-ion battery market was valued $XX billion in 2019, and is forecast to reach $XX billion by 2025, at a CAGR of XX% from 2020 to 2025. High price of lithium-ion batteries is limiting the growth of the market currently, however, multiple advantages associated with lithium-ion batteries are estimated to increase its adoption in the forecast period.

Needle Coke Market Challenges

Fluctuation in crude oil prices

Fluctuation in the entire natural gas and crude oil sector is estimate to negatively impact the growth of needle coke market caused primarily due to gap in demand and supply of needle coke. Moreover, even though the petroleum products are assessed to depict a substantial growth in future, the economic and political instability with respect to the sale of these products is estimated to hamper growth of needle coke market. 

Market Landscape

Increased production of coke to improve the refinery margins, rise in investment are some of the key strategies adopted by players in the needle coke market. The market appears to be fragmented owing to the emergence of several players all over the world. Major players in the needle coke market are Phillips 66, Asbury Carbon Inc., Seadrift Coke L.P., Sumitomo Chemical Company, Mitsubishi Chemical Corp., JXTG Nippon Oil & Energy Corp., Indian Oil Corporation Limited, GrafTech International, Essar, Baosteel Group and Others. 

Acquisitions/Technology Launches

In August 2019, Indian Oil Corporation Limited (IOCL) invested $1.3 billion in expanding its Paradip refinery capacity from 15 million tons per annum (mtpa) to 25 mtpa. 

In April 2019, Sumitomo Chemical Company invested $150 million into a new project at the Changzhou National Hi-Tech District (CND) facility of Sumika Electronic Materials (Changzhou) Co., Ltd.

#Needle Coke Market #Needle Coke Market Size #Needle Coke Market Share #Needle Coke Market Growth #Needle Coke Market Price #Needle Coke Market Forecast #Needle Coke Market Trends

[marksmithimarc]

The global needle coke market size reached US$ 4.0 Billion in 2022. IMARC Group expects the market to reach US$ 5.6 Billion by 2028, exhibiting a growth rate (CAGR) of 5.8% during 2023-2028. Needle coke refers to a specialty grade carbon raw material derived from coal tar pitch, ethylene tar pitch, solvent-refined coal, low-sulfur vacuum residues, petroleum fluidized catalytic cracking (FCC) decant oil, etc.

#Needle Coke Market #Needle Coke Market Share

[neha24blog]

Needle Coke Market Outlook On The Basis Of Grade, Application, Region And Forecast From 2018 to 2025: Grand View Research Inc.

San Francisco, 13 April 2023: The Report Needle Coke Market Size, Share & Trends Analysis Report By Grade (Super-Premium, Premium, Intermediate), By Application (Electrode, Silicon Metals, Carbon Black), By Region, And Segment Forecasts, 2019 – 2025 The global needle coke market size is projected to reach USD 5.4 billion by 2025, accelerating at a CAGR of 6.9% over the forecast period, according…

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[vm95]

[chemicalresearchupdates]

Needle Coke Market Size and Share: An In-depth Examination of Market Metrics

The Needle Coke market is estimated to be valued at US$ 2.99 Bn in 2023 and is expected to exhibit a CAGR of 10% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market Overview:

Needle coke is a specialty type of petroleum coke used in the production of ultra-high power graphite electrodes, which are primarily used in electric arc furnaces for steel production. It has high mechanical strength and electrical conductivity properties essential for graphite electrode production. Needle coke is produced by thermal cracking and isles heating of coal tar pitch or petroleum pitch residue under oxygen-free conditions. Market Dynamics:

The rising demand for needle coke market from the graphite electrode industry is the major factor driving the growth of the market. Graphite electrodes are used for melting scrap steel in electric arc furnaces. With the increasing steel production globally, particularly in developing economies such as China and India, the demand for graphite electrodes has increased substantially over the years. According to World Steel Association, crude steel production increased from 1,808 million tons in 2018 to 1,895 million tons in 2019. This rising steel production is augmenting the demand for needle coke from the graphite electrode industry. Additionally, limited availability of substitutes for needle coke in ultra-high power graphite electrode manufacturing is another factor fueling the needle coke market growth. SWOT Analysis

Strength: Needle coke has high electrical conductivity and chemical resistance which makes it ideal for graphite electrodes used in electric arc furnaces for steelmaking. It has low coefficient of thermal expansion and high dimensional stability at high temperatures. It is available in large piece size suitable for graphite electrodes upto 4.5m in length.

Weakness: Needle coke manufacturing process requires petroleum pitch as raw material. Fluctuations in crude oil prices directly impact the production cost. High capital investment is required to set up needle coke production facilities.

Opportunity: Increasing steel production driven by growth in construction and automotive industries worldwide presents growth opportunity for needle coke. Expanding graphite electrodes manufacturing capacity, especially in Asian countries will drive the demand for needle coke.

Threats: Strict environmental regulations limiting coke oven operations could impact the supply of needle coke. Alternative materials like scrap-based electric arc furnace production may reduce the demand for graphite electrodes.

Key Takeaways

The global Needle Coke market is expected to witness high growth, exhibiting CAGR of 10.% over the forecast period, due to increasing steel production worldwide driven by growth in construction and automotive industries. Regional analysis: Asia Pacific dominates the global needle coke market, accounting for over 50% share of the total market in 2023. China, Japan and India are major consumers as well as producers in the region. Growing steel industry especially in China and India is driving the growth of needle coke market in Asia Pacific. North America is the second largest market for needle coke led by the US. Presence of large automotive industry and shale gas production is fueling the market growth in this region. Key players operating in the Needle Coke market are 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. The market is highly consolidated with top five players accounting for over 50% of the total production capacity. Key players are focused on capacity expansion plans and long term supply agreements with graphite electrode manufacturers.

#Needle Coke Market #Needle Coke Market Trends #Needle Coke Market Growth

[ganesh8fbi]

[atulblog123]

[amrreports]

#Global Petroleum Needle Coke Market

[digitalmarketing786786]

[joneshenry]

[productresearchreport24]

Petroleum Coke (Petcoke) Market 2022 Industry Dynamics, Segmentation, and Competition Analysis 2027

The report titled Petroleum Coke (Petcoke) Market offers detailed insights on the Petroleum Coke (Petcoke) industry entailing key information on its different market segments. The report gives an industry overview from around the world and covers the latest trends, market restraints, and investment opportunities, and conducts exclusive interviews of the Petroleum Coke (Petcoke) industry leaders to contribute to the report’s findings. The report discusses the buyers’ requirements and suggests strategic actions & business changes accordingly to the market players. Moreover, the natural, internal, and external barriers to progress are given in the report. The wider business environment of the Petroleum Coke (Petcoke) market and the industry challenges are included in the report.

Read Full Report at: 

Growth prospects, leading trends, progress projections, key industries, and business innovations are the primary focus of the Petroleum Coke (Petcoke) study. A comprehensive Petroleum Coke (Petcoke) study is available for a number of key areas involved in the report. Furthermore, the Petroleum Coke (Petcoke) study examines present and potential consumer positions in terms of sales based on market goods around the globe.

Key Players in the Petroleum Coke (Petcoke) Market:

Shell, Valero Energy, ConocoPhillips, MPC, Asbury Carbons, ExxonMobil, Aminco Resource

Petroleum Coke (Petcoke) Market Types:

Needle Coke Type

Shot Coke Type

Sponge Coke Type

Honeycomb Coke Type

Others

Petroleum Coke (Petcoke) Market Applications:

Power

Cement

Aluminum

Steel

Others

Highlights of the Report:

The report gives information on all the active tenders in the Petroleum Coke (Petcoke) industry across the globe based on different categories. The important government notifications and change in regulations according to the latest updates is provided in the report.

The market size and forecast estimates of the Petroleum Coke (Petcoke) market is given in the report considering the economic, financial, and general business conditions prevailing in the Petroleum Coke (Petcoke) market from 2022 to 2027.

The report demonstrates the contribution of each segment and sector in the improvement of Petroleum Coke (Petcoke) market share, market size, and CAGR.

Request a sample report:

Regional Petroleum Coke (Petcoke) Market (Regional Output, Demand & Forecast by Countries):

North America (United States, Canada, Mexico) South America (Brazil, Argentina, Ecuador, Chile) Asia Pacific (China, Japan, India, Korea) Europe (Germany, UK, France, Italy) Middle East Africa (Egypt, Turkey, Saudi Arabia, Iran) And more.

Why Purchase This Market Research Report?

Critical issues and challenges the Petroleum Coke (Petcoke) market will be facing in the forecasted years are identified in the report to help market players align their business decisions and strategies accordingly.

The report identifies key trends facing the Petroleum Coke (Petcoke) market.

Trends responsible for global and regional economic growth of the Petroleum Coke (Petcoke) market are highlighted in the report to help market players in a critical understanding of the future of the Petroleum Coke (Petcoke) market.

The report conducts an assessment of the production and operational practices taking place in the marketplace.

The report presents the challenges faced by the leading geographies and nations from the pandemic and their reorientation of policies to survive the market.

The Report Attempts to Answer the Following Questions:

What will be the financial performance of North America, APAC, Europe, and Africa in the Petroleum Coke (Petcoke) market in 2022 and beyond?

Which companies are likely to succeed in the Petroleum Coke (Petcoke) market with the help of foreign companies, mergers and acquisitions and new product launches?

What are the strategy recommendation and business models for emerging market players?

Which are the Petroleum Coke (Petcoke) market’s largest manufacturing firms and most competitive firms?

Thanks for showing interest in the Petroleum Coke (Petcoke) Market research publication; you can also get individual chapter-wise sections or region / Country report versions like Germany, France, China, LATAM, GCC, North America, Europe, or Asia.

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#Petroleum Coke (Petcoke) Market #Petroleum Coke (Petcoke) Market Analysis #Petroleum Coke (Petcoke) Market Top Companies #Petroleum Coke (Petcoke) Market Research

[newsmartmarketing]

Needle Coke Market 2022 | Business Opportunity, Growth Strategies & Forecast Report By 2028

The Needle Coke Market Report, in its latest update, highlights the significant impacts and the recent strategical changes under the present socio-economic scenario. The Needle Coke industry growth avenues are deeply supported by exhaustive research by the top analysts of the industry. The report starts with the executive summary, followed by a value chain and marketing channels study. The report then estimates the CAGR and market revenue of the Global and regional segments.

Base Year: 2021

Estimated Year: 2022

Forecast Till: 2023 to 2028

The report classifies the market into different segments based on type and product. These segments are studied in detail, incorporating the market estimates and forecasts at regional and country levels. The segment analysis is helpful in understanding the growth areas and potential opportunities of the market.

Get | Download FREE Sample Report of Global Needle Coke Market @ https://www.decisiondatabases.com/contact/download-sample-16347

A special section is dedicated to the analysis of the impact of the COVID-19 pandemic on the growth of the Needle Coke market.  The impact is closely studied in terms of production, import, export, and supply.

The report covers the complete competitive landscape of the Worldwide Needle Coke market with company profiles of key players such as:

Essar Oil Ltd.

Indian Oil Corporation Ltd.

Reliance Industries Ltd.

Royal Dutch Shell Plc.

Want to add more Company Profiles to the Report? Write your Customized Requirements to us @ https://www.decisiondatabases.com/contact/get-custom-research-1634

Needle Coke Market Analysis by Product:

Intermediate

Premium

Super premium grades

Needle Coke Market Analysis by Geography:

North America (USA, Canada, and Mexico)

Europe (Germany, UK, France, Italy, Russia, Spain, Rest of Europe)

Asia Pacific (China, India, Japan, South Korea, Australia, South-East Asia, Rest of Asia-Pacific)

Latin America (Brazil, Argentina, Peru, Chile, Rest of Latin America)

The Middle East and Africa (Saudi Arabia, UAE, Israel, South Africa, Rest of the Middle East and Africa)

Key questions answered in the report:

 What is the expected growth of the Needle Coke market between 2023 to 2028?

Which application and type segment holds the maximum share in the Global Needle Coke market?

Which regional Needle Coke market shows the highest growth CAGR between 2023 to 2028?

What are the opportunities and challenges currently faced by the Needle Coke market?

Who are the leading market players and what are their Strengths, Weakness, Opportunities, and Threats (SWOT)?

What business strategies are the competitors considering to stay in the Needle Coke market?

Purchase the Complete Global Needle Coke Market Research Report @ https://www.decisiondatabases.com/contact/buy-now-16347

About Us:

DecisionDatabases.com is a global business research report provider, enriching decision-makers, and strategists with qualitative statistics. DecisionDatabases.com is proficient in providing syndicated research reports, customized research reports, company profiles, and industry databases across multiple domains. Our expert research analysts have been trained to map client’s research requirements to the correct research resource leading to a distinctive edge over its competitors. We provide intellectual, precise, and meaningful data at a lightning speed.

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#Needle Coke Market #Needle Coke Market Report #Needle Coke Market Size #Needle Coke Market Share #Needle Coke Market Growth

[waaaiz]

#Needle Coke Market #Needle Coke Market Sisze #Needle Coke Market size #Needle Coke Market share

[nileshkumarpandey]

The global needle coke market is expected to grow at a CAGR of 5.37% over the forecast period to reach a total market size of US$3,182.160 million by 2025, increasing from US$2,324.985 million in 2019. Because of expanding interest for needle coke in the production of lithium-ion batteries utilized in electric vehicles, its demand dominated graceful prompting record-breaking excessive costs which are expected to stay the same for two or three years.

#needle coke market size #needle coke market share #market research

[silasbarton]

#emergen research #needle coke market #needle coke market size #needle coke market share #needle coke market trend

[neha24blog]

Needle Coke Market Exhibiting At USD 5.4 Billion By 2025: Grand View Research Inc.

Needle Coke Market Exhibiting At USD 5.4 Billion By 2025: Grand View Research Inc.

San Francisco, 6 November 2019: The Report Needle Coke Market Size, Share & Trends Analysis Report By Grade (Super-Premium, Premium, Intermediate), By Application (Electrode, Silicon Metals, Carbon Black), By Region, And Segment Forecasts, 2019 – 2025

The global needle coke market size is projected to reach USD 5.4 billion by 2025, accelerating at a CAGR of 6.9% over the forecast period,…

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#Needle Coke Industry #Needle Coke Market #Needle Coke Market 2019 #Needle Coke Market 2025 #Needle Coke Market Revenue #Needle Coke Market Share #Needle Coke Market Size