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Global Needle Coke Market to Witness a Pronounce Growth During 2024– Top Key players like C-Chem,Seadrift Coke,JXTG Holdings,Inc.
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Needle coke is a needle-shaped carbon material. With low electrical resistance, strong shock resistance and good anti-oxidation ability, it can be widely used in ultra-high graphite electrode, nuclear reactor deceleration materials and LIB anode materials. According to different raw material, needle coke can be classified as coal-based and petroleum-based.
According to the raw material difference, needle coke is divided into petroleum-based and coal-based. Phillips 66 is the biggest manufacturer of petroleum-based needle coke with the capacity recording 370 K MT. Sale of Phillips 66 was 313 K MT in 2016. C-Chem is the biggest manufacturer of coal-based needle coke, the capacity of the company has been reached 180 K MT in 2016, with sales of 161 K MT. In 2017, C-Chem sold its China factory to Fangda Carbon.
The needle coke industry is held by UK, USA and Japanese companies. In 2017, Asia Pacific is the largest consumption region, with the consumption amount of 436 K MT. North America is the second largest consumption region, which have two suppliers including Phillips 66 and Seadrift Coke. Major suppliers in Japan include C-Chem, JX Group, Sumitomo Corporation and Mitsubishi Chemical.
China also produces needle coke. Limited by environment pressure, most of China suppliers produce little needle coke. CNPC Jinzhou Petrochemical is an important supplier in China, which sold 50% of its products; another 50% is consumed by itself.
According to this study, over the next five years the Needle Coke market will register a 5.0% CAGR in terms of revenue, the global market size will reach US$ 4150 million by 2024, from US$ 3240 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Needle Coke business, shared in Chapter 3.
Market Segment by Manufacturers, this report covers
Phillips 66
C-Chem
Seadrift Coke
JXTG Holdings
Sumitomo Corporation
Mitsubishi Chemical
Indian Oil Company
Shanxi Hongte Coal Chemical
Fangda Carbon
Shanxi Jinzhou Group
CNPC Jinzhou Petrochemical
Shandong Yida New Material
Sinosteel
Market Segment by Type, covers
Petroleum-Based
Coal-Based
Market Segment by Applications, can be divided into
Graphite Electrode
Special Carbon Material
Others
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Related Information:
North America Needle Coke Market Growth 2019-2024
United States Needle Coke Market Growth 2019-2024
Asia-Pacific Needle Coke Market Growth 2019-2024
Europe Needle Coke Market Growth 2019-2024
EMEA Needle Coke Market Growth 2019-2024
Global Needle Coke Market Growth 2019-2024
China Needle Coke Market Growth 2019-2024
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