The needle coke market size is estimated to reach USD 5.85 billion in terms of annual valuation from 3.59 billion in 2019, delivering a CAGR of 6.4% through 2027. Growing product demand for the manufacturing of electrodes, silicon metal & ferroalloys, rubber compounds, and others, will drive needle coke market growth through the forecast period. Needle coke is a crucial raw material used in the steel & aluminum industries and for the manufacturing of graphite electrodes. The rapid growth of the consumer electronics sector and increasing consumer preference for electric and hybrid vehicles is likely to fuel the demand for needle coke. The growing demand is attributed to the extensive usage of lithium-ion batteries in hybrid electric vehicles, battery electric vehicles, consumer electronics, and other applications.
The hybrid electric vehicles are witnessing rapid growth with favorable policies by the government, rising awareness among consumers to reduce carbon emissions, and volatile gas prices. These factors will positively impact needle coke market growth over the coming years. Moreover, the coal tar needle coke is obtained as a by-product of the low ash distillation and cooking process. This enables manufacturers to covert coal tar into various intermediate chemicals, which further offers great opportunities to the industry players.
The cost-effectiveness of needle coke products, product advancement with new technology, along with growing demand for steel and lithium-ion batteries, will supplement the needle coke market over the forecast period.
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Further key findings from the report suggest
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For the purpose of this report, Reports and Data has segmented the Global Needle Coke Market on the basis of product type, grade, application, and region:
Product Type Outlook (Volume, Kilo Tons; Revenue, USD Million; 2017-2027)
Grade Outlook (Volume, Kilo Tons; Revenue, USD Million; 2017-2027)
Application Outlook (Volume, Kilo Tons; Revenue, USD Million; 2017-2027)
Regional Outlook (Volume, Kilo Tons; Revenue, USD Million; 2017-2027)
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Table Of Content:
Chapter 1. Market Synopsis 1.1. Market Definition 1.2. Research Scope & Premise 1.3. Methodology 1.4. Market Estimation Technique Chapter 2. Executive Summary 2.1. Summary Snapshot, 2019-2027 Chapter 3. Indicative Metrics Chapter 4. Needle Coke Segmentation & Impact Analysis 4.1. Needle Coke Material Segmentation Analysis 4.2. Industrial Outlook 4.2.1. Market indicators analysis 4.2.2. Market drivers analysis
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Chapter 9. Competitive Landscape 9.1. Market Revenue Share by Manufacturers 9.2. Manufacturing Cost Breakdown Analysis 9.3. Mergers & Acquisitions 9.4. Market positioning 9.5. Strategy Benchmarking 9.6. Customer Mapping 9.7. Vendor Landscape Chapter 10. Company Profiles 10.1. Phillips 66 10.1.1. Company Overview 10.1.2. Financial Performance 10.1.3. Technology Insights 10.1.4. Strategic Initiatives 10.2. Mitsubishi Chemical Corporation 10.2.1. Company Overview 10.2.2. Financial Performance 10.2.3. Technology Insights 10.2.4. Strategic Initiatives 10.3. Graftech International 10.3.1. Company Overview 10.3.2. Financial Performance 10.3.3. Technology Insights 10.3.4. Strategic Initiatives 10.4. Sumitomo Chemical Company 10.4.1. Company Overview 10.4.2. Financial Performance 10.4.3. Technology Insights 10.4.4. Strategic Initiatives 10.5. Indian Oil Corporation Limited 10.5.1. Company Overview 10.5.2. Financial Performance 10.5.3. Technology Insights 10.5.4. Strategic Initiatives 10.6. China National Petroleum Corporation 10.6.1. Company Overview 10.6.2. Financial Performance 10.6.3. Technology Insights 10.6.4. Strategic Initiatives 10.7. Asbury Carbon Inc. 10.7.1. Company Overview 10.7.2. Financial Performance 10.7.3. Technology Insights 10.7.4. Strategic Initiatives 10.8. Baosteel Group 10.8.1. Company Overview 10.8.2. Financial Performance 10.8.3. Technology Insights 10.8.4. Strategic Initiatives
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