Press release
Why the Needle Coke Market is set to explode? Top Companies: GrafTech International Ltd., Graphite India Ltd., Mitsubishi Chemical Corporation, JXTG Holdings and others
For more information in the analysis of this report, visit https://www.fortunebusinessinsights.com/industry-reports/needle-coke-market-100516
Key Segmental Overview:
1. By Type
• Petroleum Derived
• Coal Tar Pitch
2. By Grade
• Intermediate
• Premium
• Super Premium
3. By Application
• Graphite Electrode
• Lithium-Ion Battery
• Special Carbon Material
• Others
4. 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)
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Key Market Driver – Extensive demand from steel industry
Key Market Restraint – Unpredictable and volatile prices of oil and gas
Immense Growth Opportunities in Wind and Solar Power to Favor Growth in Europe
The global needle coke market is geographically divided into Latin America, Asia Pacific, the Middle East and Africa, Europe, and North America. Amongst these regions, North America is projected to witness notable growth in the market because of the persistent development in the production and exploration activities of hydrocarbon. Also, the ongoing strategic development in transportation, industrial products, electronics & telecommunication, and infrastructure will contribute to the overall needle coke market growth in this region. Europe, on the other hand, is witnessing a rise in the rate of steel utilization which is anticipated to propel the market. This is mainly because of the increasing focus on energy security which has further led to numerous growth opportunities in wind and solar power industries. Technological advancement is also aiding in the needle coke market growth in this region.
Fortune Business Insights predicts that Asia Pacific has a huge growth potential. This is because of the existence of several prominent graphite electrode manufacturers in the region. This is coupled with the rising adoption of lithium batteries in China. India, one of the fastest developing countries in Asia Pacific, is slowly opening its door to immense development opportunities. The Middle East and Africa is growing day by day due to its advanced production and exploration activities for gas and oil. This region is also exporting petroleum products and are involved in hydrocarbon business. These factors are likely to drive the needle coke market in this region.
Key Market Players Aim to Focus on Strategic Joint Ventures to Gain Competitive Edge
Two Chinese companies, namely, Shanghai Baosteel Chemical Co. Ltd, a manufacturer of premium steel products and Fangda Carbon, a manufacturer and seller of carbon products announced that they have jointly set up Ultra-High Power (UHP) grade graphite electrode plant in August 2018. The plant is named Boafang Carbon Material Technology Co. Ltd. The companies also revealed that the unit capacity is anticipated to be approximately 100,000 tons per year. The operation will commence from 2020. Shanghai Baosteel Chemicals possesses 51% share in this new company and the registered amount of this joint venture is USD 190 million. Reliance Industries Ltd., a multinational conglomerate company, headquartered in Mumbai, announced that it has approached three leading oil marketing companies to purchase petroleum coke, also known as petcoke from them in August 2018. It was done for firing its $5 billion petcoke gasifiers.
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Fortune Business Insights has profiled some of the prominent market players operating in the global needle coke market. They are
• Graphite India Ltd.
• Posco Chemical Company
• Sinopec Shanghai Petrochemical Company Limited
• GrafTech International Ltd.
• Bao-steel Group
• Mitsubishi Chemical Corporation
• China National Petroleum Corporation
• Sumitomo Corporation
• Seadrift Coke LP
• Shaanxi Coal and Chemical Industry Group
• Petrocokes Japan Ltd.
• Indian Oil Corporation
• Phillips 66
• JXTG Holdings
• Baotailong New Material Co. Ltd.
• Sojitz Ject Corporation
• C-Chem Co. Ltd
Major Table of Content For Needle Coke Market:
1. Introduction
2. Executive Summary
3. Market Dynamics
4. Key Insights
5. Global Needle Coke Market Analysis, Insights and Forecast, 2026
6. North America Needle Coke Market Analysis, Insights and Forecast, 2026
7. Europe Needle Coke Market Analysis, Insights and Forecast, 2026
8. Asia Pacific Needle Coke Market Analysis, Insights and Forecast, 2026
9. The Middle East and Africa Needle Coke Market Analysis, Insights and Forecast, 2026
10. Latin America Needle Coke Market Analysis, Insights and Forecast, 2026
11. Competitive Landscape
12. Company Profile
13. Conclusion
Have any Query? Speak to Analyst at: https://www.fortunebusinessinsights.com/enquiry/speak-to-analyst/needle-coke-market-100516
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Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.
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Contact Us
Fortune Business Insights™ Pvt. Ltd.
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Pune - 411045, Maharashtra, India.
Phone
US :+1 424 253 0390
UK : +44 2071 939123
APAC : +91 744 740 1245
Email: sales@fortunebusinessinsights.com
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