Global Market For Needle Coke To Expand At A CAGR Of 3.7% By The End Of 2032

Needle Coke Market Outlook (2022-2032)

The global market for needle coke to expand at a CAGR of 3.7% and will reach a valuation of US$ 5.86 billion by the end of 2032 from US$ 4.07 billion in 2022.

The United States accounts for 91.4% of the North American market share, which is the largest market in the world, mainly on the back of technological advancements and high consumption of needle coke by the steel and aluminium industry.

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Key Segments Covered in Needle Coke Industry Research

Needle Coke Market by Type :

Petroleum-derived Needle Coke
Coal Tar Pitch-derived Needle Coke
Needle Coke Market by Grade :
Intermediate Premium Needle Coke
Base Premium Needle Coke
Super Premium Needle Coke

Needle Coke Market by Application :

Graphite Electrodes
Lithium-ion Batteries
Other Applications

Needle Coke Market by Region :

North America
Latin America
Europe
East Asia
South Asia & Oceania
MEA

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Competitive Landscape :

Market participants are increasingly investing in research and development activities to create needle coke from low-value heavier hydrocarbon streams that do not require any considerable feed pre-treatment. Needle coke made from low-value heavier hydrocarbon streams can endure temperatures as high as 2800 degrees Celsius.

Furthermore, due to high product pricing, companies are increasing their refinery margins. Captive raw material supply has given fully integrated market companies such as Sumitomo Chemical Company, Phillips 66, and Mitsubishi Chemical Corp. a competitive advantage, especially during price changes.

ICC, International Ltd. stated in November 2021 that it has finalised the previously announced acquisition agreement with Seadrift Coke L.P, the world's second-largest producer of petro needle coke, and C/G Electrodes LLC (C/G), a US-based graphite electrode maker.

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Essential Takeaways from the Needle Coke Market Insights Report

Comparison of prominent players operating in the Needle Coke Market Insights.
Recent developments and key strategies adopted by Needle Coke Market players.
Study of the micro and macro-economic growth indicators.
Impact of the various factors on the value chain of the Needle Coke Market Insights.
Growth opportunities for emerging market players in various regional markets.
Current trends influencing the scenario of the Needle Coke Market Insights.

After reading the Needle Coke Market report, readers can:

Understand the drivers, restraints, opportunities and trends affecting the growth of the global .
Analyze key regions holding significant share of the total Needle Coke Market revenue.
Study the growth outlook of the global Needle Coke Market scenario, including production, consumption, history and forecast.
Learn consumption pattern and impact of each end use on the Needle Coke Market growth.
Investigate the recent R&D projects performed by each Needle Coke Market player.

The Needle Coke Market report answers important questions which include:

What does the status of the Needle Coke Market look?
Needle Coke Market look like after the forecast period?
Which region has the highest contribution to Needle Coke Market Devices why?
Which players remain at the top of the Needle Coke Market Outlook?
What opportunities are available for the Needle Coke Market players to expand their production footprint?
Which segment has the maximum impact on Needle Coke Market?

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