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Needle Coke Market Analysis- Industry Size, Share, Research Report, Insights, Covid-19 Impact, Statistics, Trends, Growth and Forecast 2022-2030

Published Date: December, 2022
No of Pages: 164
Delivery Format: PDF+ Excel

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Needle Coke Market
1. Needle Coke Market Overview
The Needle Coke Market is valued at XX million USD in 2017 and is expected to reach XX million USD by the end of 2025, growing at a CAGR of XX% between 2017 and 2025.

This report studies the Needle Coke development status and future trend in China, focuses on top players in China, also splits Needle Coke by type and by Application, to fully and deeply research and reveal the market general situation and future forecast.

The major players in China market include

Graphite India Limited

Mitsubishi Chemical Corporation

JX Nippon Oil & Energy Corporation

Sinosteel Corporation

Showa Shell Sekiyu K.K.

PetroChina Company Limited

LUKOIL

China National Petroleum Corporation

ExxonMobil

Royal Dutch Shell

Total

The leading players across the globe are

Graphite India Limited

Mitsubishi Chemical Corporation

JX Nippon Oil & Energy Corporation

Sinosteel Corporation

Showa Shell Sekiyu K.K.

PetroChina Company Limited

LUKOIL

China National Petroleum Corporation

ExxonMobil

Royal Dutch Shell

Total

On the basis of product, this report displays the sales volume, revenue, product price, market share and growth rate of each type, primarily split into

Calcined Petroleum Coke

Coal Tar Pitch

Synthetic Graphite

By Application, the market can be split into

Carbon Electrode Paste

Anode

Special Carbon

Other

If you have any special requirements, please let us know and we will offer you the report as you want.

2. Needle Coke Market Segmentation
The Needle Coke Market is broadly segmented on the basis of type, application, and geography.

Type:

The Needle Coke market is classified into three types on the basis of type which are petroleum-based, coal-based, and graphite-based. Petroleum-based needle coke is manufactured from residual oil and tar feedstock. Coal-based needle coke is manufactured from coal tar pitch. Graphite-based needle coke is manufactured from synthetic or natural graphite.

Application:

The Needle Coke market is classified into three applications which are electrodes, ultra-high-power (UHP) graphite, and other applications. Electrodes needle coke is used in the manufacturing of graphite electrodes for the electric arc furnace industry. UHP graphite needle coke is used in the manufacturing of UHP graphite electrodes for steelmaking. Other applications include the use of needle coke in the manufacture of carbon fibers and in the production of lithium-ion batteries.

Geography:

The Needle Coke market is classified into four geographic regions which are North America, Europe, Asia Pacific, and Rest of the World. North America is further sub-segmented into the U.S. and Canada. Europe is further sub-segmented into Germany, France, the U.K., Italy, and Rest of Europe. Asia Pacific is further sub-segmented into China, Japan, India, and Rest of Asia Pacific.

Some of the key players operating in the global Needle Coke market are JX Nippon Oil & Energy Corporation, Mitsubishi Chemical Corporation, Sumitomo Chemical Co., Ltd., Morgan Stanley, Tokai Carbon Co., Ltd., Showa Denko K.K., C-Chem Co., Ltd., and Asbury Graphite Mills, Inc.

3. Needle Coke Market Growth Drivers
Needle coke is a highly crystalline petroleum coke used in the production of graphite electrodes for electric arc furnaces. Needle coke is classified into two types, namely, acicular needle coke and non-acicular needle coke, based on the morphology of the coke. Acicular needle coke has a needle-like shape, whereas non-acicular needle coke is characterized by an equiaxed and spheroidal structure. Needle coke is produced by thermal decomposition of selected coal tar pitches in controlled atmosphere. Needle coke is an essential raw material for the production of graphite electrodes.

The global needle coke market is anticipated to grow on account of the increasing demand for graphite electrodes from the steel and aluminum industries. Graphite electrodes are used in electric arc furnaces for melting and recycling scrap metals. The steel and aluminum industries are anticipated to witness significant growth in the coming years owing to the increasing demand for these metals from the construction and automotive industries. This is expected to drive the needle coke market over the forecast period.

The needle coke market is also anticipated to grow on account of the increasing demand for lithium-ion batteries. Lithium-ion batteries are used in a wide range of applications such as consumer electronics, electrical vehicles, and grid storage. The increasing demand for these batteries is expected to drive the needle coke market over the forecast period.

The needle coke market is segmented on the basis of type, applications, and region. On the basis of type, the market is segmented into acicular needle coke and non-acicular needle coke. On the basis of application, the market is segmented into graphite electrodes, lithium-ion batteries, and others.

The market is anticipated to witness significant growth in the Asia Pacific region owing to the presence of a large number of steel and aluminum industries in the region. The market in Europe is also expected to grow on account of the increasing demand for lithium-ion batteries from the automotive and consumer electronics industries. The market in North America is expected to grow at a slower pace owing to the presence of a large number of graphite electrode manufacturers

4. Needle Coke Market Challenges
The global needle coke market is expected to grow at a CAGR of more than 3% during the forecast period of 2019-2024. The major factors driving the growth of the market are the increasing demand for steel and graphite from the automotive and electronics industries.

However, the market faces some challenges which are hindering its growth. Some of the major challenges faced by the needle coke market are as follows:

1. Fluctuating Prices of Raw Materials

The prices of raw materials used for the production of needle coke are highly volatile. This is because the prices of these raw materials are dependent on the prices of crude oil and natural gas, which are themselves highly volatile. This fluctuation in raw material prices has a direct impact on the prices of needle coke.

2. Environmental Concerns

The production of needle coke emits a large amount of carbon dioxide into the atmosphere. This is a major environmental concern as carbon dioxide is a greenhouse gas which contributes to global warming.

3. Health Concerns

The production of needle coke also emits a large amount of dust and other particulate matter into the air. This can cause respiratory problems for the people living in the vicinity of the production facility.

4. Limited Availability of Raw Materials

The raw materials used for the production of needle coke are themselves quite limited in availability. This is because they are derived from petroleum and natural gas, which are themselves quite limited in terms of their reserves.

5. Needle Coke Market Opportunity
The needle coke market is expected to grow at a CAGR of more than 5% during the forecast period of 2020-2025. Needle coke is a highly crystalline petroleum coke, which is used as a raw material for manufacturing graphite electrodes of very high quality. It is also used in the production of carbon fiber and lithium-ion batteries. The demand for needle coke is expected to be driven by the growing demand for electric vehicles and the need for energy storage solutions.

The market for needle coke is segmented by type, application, and geography.

On the basis of type, the market is segmented into needle coke and sponge coke. Needle coke is further segmented into anisotropic needle coke and isotropic needle coke.

On the basis of application, the market is segmented into graphite electrodes, carbon fibers, lithium-ion batteries, and others. Graphite electrodes are used in the steel industry for electric arc furnaces. Carbon fibers are used in the aerospace and defense industry for the manufacturing of composite materials. Lithium-ion batteries are used in the automotive industry for electric vehicles.

On the basis of geography, the market is segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa.

The key players in the market are JX Nippon Steel & Sumitomo Metal Corporation, Tokai Carbon Co., Ltd., Showa Denko K.K., Mitsubishi Chemical Corporation, and Sumitomo Chemical Co., Ltd.

6. Needle Coke Market Future Outlook
The global needle coke market is expected to grow at a CAGR of around 5% during the forecast period of 2020-2025. Needle coke is a highly crystalline petroleum coke with a low coke density and a low coefficient of thermal expansion. It is used as a raw material for the production of graphite electrodes and other carbon-based products.

The major drivers for the growth of the needle coke market are the increasing demand for graphite electrodes from the steel and aluminum industries, and the rising demand for electric vehicles. The steel industry is the major consumer of graphite electrodes, which are used in electric arc furnaces for the production of steel. The aluminum industry is also a major consumer of graphite electrodes, which are used in aluminum smelters. The increasing demand for electric vehicles is also driving the growth of the needle coke market, as electric vehicles use graphite electrodes in their batteries.

The major restraints for the growth of the needle coke market are the environmental regulations regarding the emission of carbon dioxide and other pollutants, and the high cost of needle coke. The environmental regulations regarding the emission of carbon dioxide and other pollutants are restraining the growth of the needle coke market, as the production of needle coke involves the emission of large amounts of carbon dioxide. The high cost of needle coke is also restraining the growth of the market, as it is a major raw material for the production of graphite electrodes.

The major opportunities for the growth of the needle coke market are the increasing investments in the renewable energy sector and the development of new technologies for the production of needle coke. The increasing investments in the renewable energy sector are creating opportunities for the growth of the needle coke market, as electric vehicles use graphite electrodes in their batteries. The development of new technologies for the production of needle coke is also creating opportunities for the growth of the market.

The major challenges for the growth of the needle coke market are the volatile prices of raw materials and the fluctuating demand from the steel and aluminum industries. The volatile prices of raw materials are a challenge for the growth of the needle coke market, as the prices of petroleum coke

Key Players Covered

 

The leading needle coke companies in the world are GrafTech International Ltd., Graphite India Ltd., Mitsubishi Chemical Corporation, JXTG Holdings, Sumitomo Corporation, Indian Oil Corporation, Shaanxi Coal and Chemical Industry Group, Sojitz Ject Corporation, Posco Chemical Company, C-Chem Co., Ltd., China National Petroleum Corporation, Phillips 66, Baotailong New Material Co.,Ltd., Bao-steel Group, Seadrift Coke LP, Sinopec Shanghai Petrochemical Company Limited, and Petrocokes Japan Ltd.

 

SEGMENTATION

 

SEGMENTATION

 

 

DETAILS

 

 

By Type

 

 

·      Petroleum Derived

·      Coal Tar Pitch

 

 

By Grade

 

 

·      Intermediate

·      Premium

·      Super Premium

 

 

By  Application

 

 

·      Graphite Electrode

·      Lithium-Ion Battery

·      Special Carbon Material

·      Others

 

 

By Geography

 

 

·      North America (USA and Canada)

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

·      Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)

·      Latin America (Brazil, Mexico and Rest of Latin America)

·      Middle East & Africa (South Africa, GCC and Rest of Middle East & Africa)

 

 

 

 

By Type

 

 

·      Petroleum Derived

·      Coal Tar Pitch

 

 

By Grade

 

 

·      Intermediate

·      Premium

·      Super Premium

 

 

By  Application

 

 

·      Graphite Electrode

·      Lithium-Ion Battery

·      Special Carbon Material

·      Others

 

The leading needle coke companies in the world are GrafTech International Ltd., Graphite India Ltd., Mitsubishi Chemical Corporation, JXTG Holdings, Sumitomo Corporation, Indian Oil Corporation, Shaanxi Coal and Chemical Industry Group, Sojitz Ject Corporation, Posco Chemical Company, C-Chem Co., Ltd., China National Petroleum Corporation, Phillips 66, Baotailong New Material Co.,Ltd., Bao-steel Group, Seadrift Coke LP, Sinopec Shanghai Petrochemical Company Limited, and Petrocokes Japan Ltd.

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