needle coke market

Needle Coke Market2020 -2027

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The global Needle Coke Market is forecasted to beworth USD 5.88 Billion by 2027, according to a currentanalysis by Emergen Research.

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The global Needle Coke Market is forecasted to be worth USD 5.88 Billion by 2027, according to a current analysis by

Emergen Research. The demand for needle coke is growing due to the production of graphite electrodes for the steel

industry. These electrodes are also used to scrap substitute and melt steel scrap. It is also employed in the manufacture of

synthetic graphite other applications, including anode material for lithium-ion batteries that are used in an electric vehicle.

Graphite is the largest input material in lithium-ion batteries by volume. The Tesla Model S contains up to 85kg of graphite.

The surge in energy vehicles increases the consumption of needle coke in electric vehicles. The rise in demand for steel

recycling is assumed to augment market growth in the coming years. Volatility in the global natural gas and crude oil due to

the demand and supply fluctuations will limit market growth. There is also a growing demand for the needle coke product

from various end-use industries like construction and oil and gas. It acts as a raw material in steel recycling and application

in engineering, automobile, and aerospace.

Key players in the market - Mitsubishi Chemical Corporation, Phillips 66, Graftech International, Indian Oil Corporation

Limited, Sumitomo Chemical Company, Sojitz Ject Corporation, China National Petroleum Corporation, Baosteel Group,

Asbury Carbon Inc., and Graphite India Limited, among others.

Get a sample of the report - https://www.emergenresearch.com/request-sample/242

Market Summary

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Some Key Highlights From the Report

1. In September 2020, Indian Oil Corporation announced its plan to invest Rs1,268 crore or USD 1.7 Million in a new petroleum needle coke in Odisha at its Paradip Refinery unit. The unit is proposed to have a capacity of 56ktpy.

2. Coal-based needle coke has an inherent advantage over the petroleum coke as it is more aromatic and has fewer side effects attached to the aromatic rings. If treated properly, the needle coke from coal-based feedstock could be superior to that from the petroleum-based feedstock.

3. The super-premium grade exhibits a low puffin rate, low coefficient of thermal expansion (CTE), which ensures higher productivity by 5% in the recycling operations of steel. The super-premium grade is also the finest grade used in the production of high-quality ultra-high power (UHP) graphite electrodes.

4. Graphite electrodes find application in the ladle furnace (LF) and electric arc furnace (EAF) for the production of silicon metal, steel, melting processes, and ferroalloy production, among others.

5. The market in the Asia Pacific region dominated the needle coke market share in the year 2019 and is anticipated to have a CAGR of 7.5% during the forecast period. The high market share in the region is due to the growth of the manufacturing sector and growing infrastructure.

Market Summary

Emergen Research has segmented the global Small Arms Market on the basis of product type, form type, end user and region:

Product Type Outlook (Revenue, USD Billion; 2017-2027)Coal-Based Needle CokePetroleum-Based Needle Coke

Grade Outlook (Revenue, USD Billion; 2017-2027)Super-Premium GradePremium GradeIntermediate-Premium Grade

Application Outlook (Revenue, USD Billion; 2017-2027)ElectrodesSilicon Metal & FerroalloysCarbon BlackRubber CompoundsOthers

To read more about the report, visit - https://www.emergenresearch.com/industry-report/needle-coke-market

Market Summary

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MARKET

SEGMENTATION

Parameter Details

Market Size Estimation Period 2020-2028

Base Year Considered 2020

Historical Data 2017-2019

Forecast Period 2021-2028

Quantitative Units Revenue in USD million & CAGR from 2020 to 2028

Segments Covered Types, Application, End-Users, Regions & more.

Countries Included The U.S., Germany, U.K., Italy, China, India, Japan, Brazil

Report CoverageRevenue Forecast, Company Ranking, Competitive Landscape, Growth Factors, and Trends

Regions Scope North America, Europe, Asia Pacific, Latin America, Middle East and Africa

Customization Scope 10 hours of free customization & expert consultation

Pricing and Purchase OptionsExplore Different Purchase Options & Request for Discount to Avail New Year Discount


Regional Share Dynamics

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