openPR Logo
Press release

Strategic Insight into the Needle Coke Market

05-16-2018 03:38 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: Transparency Market Research

/ PR Agency: Transparency Market Research
Transparency Market Research, after a careful study, states that the global needle coke market is monopolistic in nature. However, companies operating in the market are coming together to fight this monopoly, which is drastically expected to change the pricing models. Some of the leading players in the needle coke market are PETROLEUM COKE INDUSTRIES CO. (K.S.), Mitsubishi Chemical Corporation, Philips 66, JXTG Holdings Inc., Indian Oil Corporation Ltd., C-Chem Co.Ltd., and Seadrift Coke LP. Rising production of petroleum coke to improve refinery margins is highlighted as one of the important strategies being followed by industry participants to strengthen their market position.

Get sample of this report at: https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=2258

According to the research report, the global needle coke market is projected to be worth US$4,424.3 mn by the end of 2025 from US$953.8 mn in 2016. During the forecast years 2017 and 2025, the global market is projected to surge at a steady CAGR of 5.5%. Of the two types of needle coke, the petroleum based needle coke is projected to lead the global market as it has a higher threshold for extreme temperatures in production of steel. Furthermore, as it is less harmful to the environment, which is an important reason why it has been gaining constant traction. Geographically, Europe and Asia Pacific collectively hold a lion’s share in the global market. The growth of mining activities and construction activities in these regions has considerable stoked the usage of needle coke.

Get PDF Brochure of this report at: https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=2258

Steel and Aluminum Give Needle Coke Market its Biggest Break

The research report consistently emphasizes that the soaring production of steel across the globe is benefitting the needle coke market in many ways. It is extensively used in production of graphite electrodes that are used for manufacturing steel. Needle coke is used as heating material in electric arc furnace for production of steel. Thus, the growing uptake of electric arc furnaces (EAF) instead of induction furnaces to reduce pollution has spiked the demand for needle coke.

In addition to the aforementioned factors, the production and consumption of aluminum has also created a positive impact on the global needle coke market. Aluminum is an important materials used in a wide range of industries. For instance, the automobile, electrical, and construction industries are expected to be key end users of aluminum, thereby contributing the rising demand for needle coke. The research report points out that China consumes about 50% of the overall aluminum in the world. Booming transportation industry and sophisticated manufacturing industries are expected add to the soaring usage of aluminum.

Fluctuating Crude Oil Prices to Impact Production of Steel

On the flipside, the global needle coke market faces its own set challenges. The consistently fluctuating prices of crude oil is the biggest hurdle for the overall market. It has had a negative impact on the electrode prices, which stifles steel production as. Any changes in production plans due to price changes affects the overall pricing, making it difficult for the eventual products to find a market, especially in the cost-sensitive regions of the world. The volatile political situation across the globe and the overall unrest amongst nations is expected to the very reason for the fluctuating crude oil prices.

This review is based on Transparency Market Research’s report, titled “Needle Coke Market (Type – Petroleum Derived and Coal Tar Pitch Derived; Grade – Intermediate, Premium, and Super Premium; End-User – Steel, Aluminum Industry, Lithium Battery, Nuclear Power, and Aerospace) – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 – 2025”.

About Us

Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.

Contact

Transparency Market Research
State Tower,
90 State Street,
Suite 700,
Albany NY - 12207
United States
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Strategic Insight into the Needle Coke Market here

News-ID: 1051984 • Views: 214

More Releases from Transparency Market Research

Voltage Detectors Market – Evolving Technology Trends and Industry SWOT Analys …
The global voltage detectors market includes large number of players. Some of the key players are Texas Instruments, Toshiba, ROHM Semiconductor Sharp Microelectronics, Analog Devices Inc., STMicroelectronics, ON Semiconductor, Torex Semiconductor, Taiwan Semiconductor and Seiko Instruments. Browse Our Report @ https://www.transparencymarketresearch.com/voltage-detectors-market.html Voltage Detector is a testing equipment generally used to determine the existence or absence of an electrical charge in an object. It is highly suggested for conditions where power issues exist.
Switched Capacitor Filters Market : Key Segments, Maket Insights, Regional Outlo …
Major players in the global switched capacitor filters market are Texas Instruments Incorporated, Analog Devices, Inc., Maxim Integrated, Inc., Siemens AG, Eaton Corporation, and among others. Browse Our Report @ https://www.transparencymarketresearch.com/switched-capacitor-filters-market.html A switched capacitor filter is an active filter based on the consideration that a switching of capacitors between two circuit nodes at an adequately high rate that is equivalent to a resistor connecting these two nodes. The switched capacitor filters are
Current Calibrator Market : Recent Industry Developments And Growth Strategies A …
Key players operating in the global current calibrator market include Valhalla Scientific, Rotek Inc., Time Electronics, PCE Instruments, Martel Electronics, AOIP Instrumentation, Extech Instruments, Yogokawa Test & Measurement Corporation, Extech Instruments, REED Instruments, Fluke Corporation, and others. These players are actively focusing on organic and inorganic growth strategies in order to gain a competitive advantage in the market. Some of the important strategies adopted by the leading players in the
Damp Meter Market – Outlook by Responsible Drivers, Restraints, Demand
Key players operating in the global damp meter market include PCE Instrument, Delmhorst Instrument Co., GENERAL TOOLS & INSTRUMENTS LLC, FLIR Systems, Inc. designs, Panomex Inc., These players are actively focusing on organic and inorganic growth strategies in order to gain a competitive advantage in the market. Some of the important strategies adopted by the leading players in the global market are collaborations, partnerships, agreements, and new product launches. The

All 5 Releases


More Releases for Coke

Foundry Coke Market Research Report 2018: Top Players are ERP Compliant Coke LLC …
The latest market research report titled Foundry Coke market offers a detailed evaluation of the market situation within a specific geographic region. This Foundry Coke Market study contains vital data on market shifts owing to social, economic, cultural and technological changes worldwide. Explaining market opportunities remains the key focus of the study. Industry experts analysing the business environment also take a closer look at the organizational alignment as well as
Foundry Coke Market 2019 Global Analysis By Key Players – ABC Coke, ERP Compli …
WiseGuyReports.Com Publish a New Market Research Report On –“ Foundry Coke Market 2019 Global Analysis By Key Players – ABC Coke, ERP Compliant Coke, Erie Coke, Tonawanda Coke Corporation”. Foundry Coke Industry 2019 Description:- Foundry Coke is mainly used in blast furnace and used for copper, lead, zinc, titanium, antimony, mercury and other non-ferrous metal smelting blast furnace, reductant, play a thermite and stock column skeleton function. It is a source of
Foundry Coke Market to Witness Huge Growth by 2025| ABC Coke , ERP Compliant Cok …
HTF MI released a new market study on Global Foundry Coke Market with 100+ market data Tables, Pie Chat, Graphs & Figures spread through Pages and easy to understand detailed analysis. At present, the market is developing its presence. The Research report presents a complete assessment of the Market and contains a future trend, current growth factors, attentive opinions, facts, and industry validated market data. The research study provides estimates
Foundry Coke Market Key growth Analysis on ABC Coke (Drummond ),ERP Compliant Co …
Market Study Report adds 2018-2023 global Foundry Coke Market report that offers an exhaustive coverage of the industry with brief analysis, data charts, figures, statistics that help take business decisions, company profiles and more. The Foundry Coke Market Report gives a clear picture of the current situation of the market which covers global industry analysis, size, share, growth, trends, key statistics and forecast Till 2023. The report on global Foundry
Foundry Coke Global Market 2018: Key Players – ABC Coke, Walter Energy, Erie C …
Foundry Coke Industry Description Wiseguyreports.Com Adds “Foundry Coke -Market Demand, Growth, Opportunities and Analysis Of Top Key Player Forecast To 2023” To Its Research Database Global Foundry Coke market competition by top manufacturers, with production, price, revenue (value) and market share for each manufacturer; the top players including ABC Coke (Drummond) Walter Energy Erie Coke OKK ArcelorMittal Poland CARBO-KOKS NalonChem Italiana Coke Nippon Coke and Engineering Shandong Coking Group Jiangsu Surun Highcarbon Shandong
Foundry Coke Market Research by Production, Revenue and Key Players ERP Complian …
A new research document with title 'North America Foundry Coke Market by Manufacturers, Countries, Type and Application, Forecast to 2022' covering detailed analysis, Competitive landscape, forecast and strategies. The study covers geographic analysis that includes countries like United States, Canada, Mexico and important players/vendors such as ERP Compliant Coke, LLC, Erie Coke, Tonawanda Coke Corporation etc. The report will help user gain market insights, future trends and growth prospects