Needle Coke Market Statistics, Cagr, Outlook, And Covid-19 Impact 2021 – 2027 - Mitsubishi Chemical, Indian Oil Company, Shanxi Hongte Coal Chemical

Market Intelligence Data has released a new report on the global “Needle Coke market”. The document gives a complete evaluation of the market. It understands market development through in-depth insights, tracking historical results and analysing current scenarios and future forecasts based on optimistic and possible situations. The report provides detailed statistics on the Needle Coke market industry and its framework.

The Global Needle Coke Market Size is Projected to Reach at a CAGR of 11% during 2021-2027.

The data studied for the preparation of the report takes into account the current major players and the major players that will be listed. Industry top players are: ConocoPhillips, 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

Recent Developments
In Feb 2020, The National Iranian Oil Refining and Distribution Company (NIORDC) and Iranian Mines & Mining Industries Development & Renovation (IMIDRO) signed an agreement to produce sponge and needle coke in the two refineries (Bandar Abbas and Imam Khomeini). These two petroleum coke production units are expected to produce 700,000 tons per year of sponge and needle cokes in Iran (620,000 tons of needle coke in Bandar Abbas Refinery). These two projects are expected to take 3 years to complete.

Mitsubishi Chemical Holdings has acquired 3 companies, including 1 in the last 5 years. A total of 3 acquisitions came from private equity firms. It has also divested 1 asset. Mitsubishi Chemical Holdings’ largest acquisition to date was in 2012, when it acquired Qualicaps Group for $655M. Mitsubishi Chemical Holdings has acquired in 2 different US states, and 2 countries. The Company’s most targeted sectors include consumer products (34%) and life science (34%).

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Market Overview

The major factors driving the growth of the market studied are the growing demand for lithium-ion batteries​ and the rising availability of steel
in China.

On the flip side, the impact of COVID-19 is acting as a roadblock to the growth of the market studied.
An increase in lithium-ion battery production in Europe is likely to act as an opportunity for the market studied over the forecast period.
Asia-Pacific region is expected to dominate the market and is also likely to witness the highest CAGR during the forecast period.

Covid-19 Impact and Recovery Analysis:

The number one goal of this Needle Coke Market document is to provide Quantitative records within charts and graphs. The information regarding market fundamentals is provided purely for the sake of readers. All the readers on the side of stakeholders will understand the market situations and business enterprise environment because it needs to be through this properly-planned Market analysis. It turns smooth to collect the effect of COVID-19 on the market boom through this Needle Coke market document.

Needle Coke Market Segmentation by Type:

Petroleum-based
Coal-based

Needle Coke Market Segmentation by Application:

Graphite Electrode
Special Carbon Material
Others
China - The Largest Producer and Consumer of Needle Coke

In Asia-Pacific, China is the largest economy, in terms of GDP. In 2019, the country witnessed about 6.1% growth in its GDP, despite the trade disturbance, due to the trade war, with the United States.​ The country was by far the worst affected nation in the first few months of 2020 with the virus outbreak originating in the country itself. All the major manufacturing industries have taken a major hit as the entire nation has gone into the self-quarantine situation to contain the virus outbreak during most of Q1 2020 and early periods of Q2 2020. According to the International Monitory Fund (IMF) projections, the Chinese GDP growth was forecasted to be 1.9% in 2020, due to the COVID-19 outbreak in the country. It is expected to recover and reach 8.2% by the end of 2021. According to the National Bureau of Statistics of China, in the first three months of 2020, the total industrial output in the country has fallen by 13.5%, 13.5%, and 1.1%, respectively. China's industrial production rebounded sharply in April due to the government's push for work resumption and easing lockdown measures. In April 2020, total industrial output in the country witnessed 3.9% growth Y-o-Y over April 2019.

Regional Needle Coke Market (Regional Output, Demand & Forecast by Countries)

North America (United States, Canada, Mexico)
South America (Brazil, Argentina, Ecuador, Chile)
Asia Pacific (China, Japan, India, Korea)
Europe (Germany, UK, France, Italy)
Middle East Africa (Egypt, Turkey, Saudi Arabia, Iran) And additional.

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Significant Features and Key Highlights of the Reports:

– Detailed overview of Needle Coke Market

– Changing market dynamics of the industry

– In-depth market segmentation by Type, Application etc.

– Historical, current and projected market size in terms of volume and value.

– Recent industry trends and developments

– Competitive landscape of Needle Coke Market

– Strategies of key players and product offerings

– Potential and niche segments/regions are exhibiting promising growth.

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The report gives answers to the following:

What strategies are followed by key players to fight this Covid-19 situation?
What are the essential matters drivers, opportunities, challenges, and dangers of the market will face surviving?
Which are the leading market players in the Needle Coke industry?
What is the global marketplace's predicted compound annual growth rate (CAGR) during the forecast period (2021-2027)?
What could be the anticipated value of the Needle Coke marketplace during the forecast period?

Customization: 

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