Needle Coke Market By Size Estimation, Growth Rate And Regional Analysis

Needle Coke Market size is expected to reach US$ 6669.2 Mn. by 2029, growing at a CAGR of 6.5% during the forecast period.

Needle Coke Market Report Scope and Research Methodology

The comprehensive analysis report offers valuable insights into the dynamics, trends, and future prospects of the Needle Coke industry during the forecast period. It covers key market drivers, challenges, and recent developments, along with demand trends, growth stimulators, spending patterns, and modernization trends across different regions.

The research is based on extensive research and analysis, incorporating inputs from industry experts, government agencies, and market participants, providing a reliable and accurate assessment of the market dynamics and future trends.

Know More About The Report: https://www.maximizemarketresearch.com/market-report/needle-coke-market/11668/

Needle Coke Market Dynamics

Understanding Needle Coke

Needle coke, a needle-shaped carbon material, holds a top-tier position among oil cokes, primarily utilized in manufacturing graphite electrodes crucial for arc furnaces in the steel industry. Its high quality is characterized by its dense and robust mass structure composed of carbon fibers, predominantly employed in graphite electrode production catering to the steel industry.

Market Insights

The rapid surge in demand for new energy vehicles has notably escalated the consumption of needle coke in lithium battery anode materials. Estimated at 80kt in 2022, the demand is projected to surpass 250kt by 2029. Moreover, the growing emphasis on steel recycling is anticipated to further drive the needle coke market. However, the market growth faces restraints due to the fluctuating global crude oil and natural gas markets, posing uncertainties, coupled with limited capacities and technological constraints in DCC (Delayed Coking Capacity), impacting market growth prospects in the coming years.

Needle Coke Market Segmentation

Needle Coke Market, by Grade

Base Premium
Intermediate Premium
Super Premium

Needle Coke Market, by Type

Petroleum Derived
Coal Tar Pitch Derived

Depending on the type, coal tar is produced as a byproduct when low ash metallurgical coke is cooked. In 2022, the petroleum-derived segment held a market share of over 60%. Because it has the lowest coefficient of thermal expansion (CTE) among the grades, the super-premium grade is better suited for the manufacturing of high-quality graphite electrodes. In 2022, the graphite electrode market segment accounted for a significant portion of the market in terms of application.

Needle Coke Market, by Application

Steel Industry
Aluminium Industry
Nuclear Power

Please connect with our representative, who will ensure you to get a report sample here @ : https://www.maximizemarketresearch.com/request-sample/11668

Needle Coke Market Key Players

1. Phillips 66
2. Mitsubishi Chemical Corporation
3. JXTG Holdings
4. Baotailong New Material Co.
5. Indian Oil Corporation Ltd.
6. Bao-steel Group
7. C-Chem CO.
8. Seadrift Coke LP
9. Sinopec Shanghai Petrochemical Company Limited
10. Shanxi Hongte Coal Chemical Co Ltd.
11. Sinosteel Anshan Research Institute of Thermo-Energy Co.
12. Petrochina International Jinzhou Petrochemical Co.
13. Shijiazhuang Deli Chemical Co.
14. Petroleum Coke Industries Co.
15. Petrocokes Japan Ltd.
16. FangDa Carbon New Material Co. Ltd
17. POSCO
18. CNPC
19. Deli Chemical
20. Shandong Yida
21. SY Carbon

Sample Request For Needle Coke Market: https://www.maximizemarketresearch.com/request-sample/11668

Table of content for the Needle Coke Market includes:

Part 01: Executive Summary

Part 02: Scope of the Needle Coke Market Report

Part 03: Global Needle Coke Market Landscape

Part 04: Global Needle Coke Market Sizing

Part 05: Global Needle Coke Market Segmentation by Type

Part 06: Five Forces Analysis

Part 07: Customer Landscape

Part 08: Geographic Landscape

Part 09: Decision Framework

Part 10: Drivers and Challenges

Part 11: Market Trends

Part 12: Vendor Landscape

Part 13: Vendor Analysis

For more Information Click Here @ : https://www.maximizemarketresearch.com/request-sample/11668

Regional Insights:

The global Needle Coke market encompasses regions like North America, Asia Pacific, Europe, Middle East and Africa, and South America. Each region plays a significant role in shaping the market. For instance, the North America Needle Coke Market is experiencing a rise in demand , driven by the adoption of electric and zero-emission vehicles for the non-tactical fleet of the U.S. military. The Asia Pacific region, on the other hand, is witnessing strong investments in Needle Coke to bolster military capabilities.

Related Reports:

Global Ddr Sdram Market: https://www.maximizemarketresearch.com/market-report/global-ddr-sdram-market/79814/

Global Single Superphosphate Ssp Market: https://www.maximizemarketresearch.com/market-report/global-single-superphosphate-ssp-market/71155/

Global Aliphatic Amines Market: https://www.maximizemarketresearch.com/market-report/global-aliphatic-amines-market/69637/

Global Polyurethane Injection Resins Market: https://www.maximizemarketresearch.com/market-report/global-polyurethane-injection-resins-market/77509/

Global Computational Medicine And Drug Discovery Software Market: https://www.maximizemarketresearch.com/market-report/global-computational-medicine-and-drug-discovery-software-market/25395/

Contact Maximize Market Research:

3rd Floor, Navale IT Park, Phase 2

Pune Banglore Highway, Narhe,

Pune, Maharashtra 411041, India

sales@maximizemarketresearch.com

+91 96071 95908, +91 9607365656

About Maximize Market Research:

Maximize Market Research is one of the fastest-growing market research and business consulting firms serving clients globally. Our revenue impact and focused growth-driven research initiatives make us a proud partner of majority of the Fortune 500 companies. We have a diversified portfolio and serve a variety of industries such as IT & telecom, chemical, food & beverage, aerospace & defense, healthcare and others.

This release was published on openPR.