Press release
Needle Coke Market worth $7.81 billion by 2030, growing at a CAGR of 8.82% - Exclusive Report by 360iResearch
Needle Coke Market | 360iResearch
The Global Needle Coke Market to grow from USD 4.32 billion in 2023 to USD 7.81 billion by 2030, at a CAGR of 8.82%.
Request a Free Sample Report @ https://www.360iresearch.com/library/intelligence/needle-coke?utm_source=openpr&utm_medium=referral&utm_campaign=sample
Needle coke is a type of carbon material characterized by its needle-like structure, which gives it its name. It is a highly crystalline form of petroleum coke or coal tar pitch used primarily in manufacturing graphite electrodes, essential for electric arc furnaces in the steelmaking process. The global expansion in needle coke use is primarily driven by the burgeoning EAF steel manufacturing as economies push towards recycling steel to meet sustainability targets. Additionally, the soaring demand for electric vehicles (EVs), which rely on lithium-ion batteries, significantly bolsters the need for needle coke. Variations in crude oil prices and limited availability of decant oil and the raw material for needle coke indirectly affect demand. A significant shift towards sustainable and renewable energy sources and adopting stricter environmental regulations may stimulate the utility of higher-grade electrode materials, where needle coke is indispensable. Moreover, increasing investments in alternative energy sources and advancements in battery technology portray opportunities for the future use of needle coke in battery anodes.
The needle coke market in the Americas is characterized by a steady demand primarily due to the thriving steel industries and growing lithium-ion battery manufacturing, particularly in the United States. The U.S. holds a major position in the market because of the presence of key needle coke manufacturers and the adoption of electric arc furnaces (EAF), which utilize graphite electrodes made from needle coke. The Asia-Pacific region is expected to grow the needle coke market substantially. China is the dominant player due to its massive steel industry and the burgeoning electric vehicle (EV) sector. Both these industries are key consumers of needle coke for producing graphite electrodes and lithium-ion batteries, respectively. India, Japan, and South Korea are notable markets, with growth driven by technological innovations and increasing manufacturing capacities. The needle coke market in the EMEA region exhibits a diversified market, with Europe being at the forefront in terms of demand for needle coke, especially due to the steel and automotive sectors. The European market is mature, focusing on sustainable and eco-friendly manufacturing processes. The Middle East is an emerging market with growth potential. Africa is still developing with limited production capacities but could evolve as a future market owing to its developing industries and potential untapped resources.
Market Segmentation & Coverage:
This research report categorizes the Needle Coke Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Type, market is studied across Coal-Tar Pitch Derived and Petroleum Derived. The Petroleum Derived is further studied across Rotary Kiln and Shaft Calciner. The Petroleum Derived commanded largest market share of 63.81% in 2023, followed by Coal-Tar Pitch Derived.
Based on Grade, market is studied across Intermittent Grade, Premium Grade, and Super-Premium Grade. The Intermittent Grade commanded largest market share of 72.66% in 2023, followed by Super-Premium Grade.
Based on Application, market is studied across Graphite Electrode Manufacturing, Lithium-Ion Batteries, and Specialty Carbons. The Graphite Electrode Manufacturing commanded largest market share of 37.70% in 2023, followed by Lithium-Ion Batteries.
Based on End-Use, market is studied across Aluminium & Steel Industry, Automotive Industry, and Semiconductor Industry. The Aluminium & Steel Industry commanded largest market share of 37.36% in 2023, followed by Automotive Industry.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across Alabama, California, Florida, Illinois, Indiana, Louisiana, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Asia-Pacific commanded largest market share of 42.70% in 2023, followed by Europe, Middle East & Africa.
Inquire Before Buying @ https://www.360iresearch.com/library/intelligence/needle-coke?utm_source=openpr&utm_medium=referral&utm_campaign=inquire
FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the Needle Coke Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).
Market Share Analysis:
The Market Share Analysis offers an insightful look at the current state of vendors in the Needle Coke Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
Key Company Profiles:
The report delves into recent significant developments in the Needle Coke Market, highlighting leading vendors and their innovative profiles. These include Anovion LLC, Asbury Carbons Inc, BP PLC, Chevron Lummus Global LLC, China Baowu Steel Group Corp., Ltd., China Petroleum & Chemical Corporation, ENEOS Holdings, Inc., Fangda Carbon New Material Co.,Ltd, Gautam Zen International P Ltd, GrafTech International Ltd., Graphite India Limited, HEG Limited, Indian Oil Corporation Limited, John Wood Group PLC, Marathon Petroleum Corporation, Mitsubishi Chemical Corporation, Mott Corporation, NIPPON STEEL Chemical & Material CO., LTD., Petroleum Coke Industries Company, Phillips 66 Company, POSCO M&C Materials Co., Ltd., Rain Carbon Inc., Resonac Corporation, Rizhao Hengqiao Carbon Co.,Ltd., Sojitz JECT Corporation, Sumitomo Corporation, and Tokai Carbon Co., Ltd..
Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Needle Coke Market, by Type
7. Needle Coke Market, by Grade
8. Needle Coke Market, by Application
9. Needle Coke Market, by End-Use
10. Americas Needle Coke Market
11. Asia-Pacific Needle Coke Market
12. Europe, Middle East & Africa Needle Coke Market
13. Competitive Landscape
14. Competitive Portfolio
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the Needle Coke Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Needle Coke Market?
3. What is the competitive strategic window for opportunities in the Needle Coke Market?
4. What are the technology trends and regulatory frameworks in the Needle Coke Market?
5. What is the market share of the leading vendors in the Needle Coke Market?
6. What modes and strategic moves are considered suitable for entering the Needle Coke Market?
Read More @ https://www.360iresearch.com/library/intelligence/needle-coke?utm_source=openpr&utm_medium=referral&utm_campaign=analyst
Contact 360iResearch
Mr. Ketan Rohom
Sales & Marketing,
Office No. 519, Nyati Empress,
Opposite Phoenix Market City,
Vimannagar, Pune, Maharashtra,
India - 411014.
sales@360iresearch.com
+1-530-264-8485
+91-922-607-7550
About 360iResearch
360iResearch is a market research and business consulting company headquartered in India, with clients and focus markets spanning the globe.
We are a dynamic, nimble company that believes in carving ambitious, purposeful goals and achieving them with the backing of our greatest asset - our people.
Quick on our feet, we have our ear to the ground when it comes to market intelligence and volatility. Our market intelligence is diligent, real-time and tailored to your needs, and arms you with all the insight that empowers strategic decision-making.
Our clientele encompasses about 80% of the Fortune Global 500, and leading consulting and research companies and academic institutions that rely on our expertise in compiling data in niche markets. Our meta-insights are intelligent, impactful and infinite, and translate into actionable data that support your quest for enhanced profitability, tapping into niche markets, and exploring new revenue opportunities.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Needle Coke Market worth $7.81 billion by 2030, growing at a CAGR of 8.82% - Exclusive Report by 360iResearch here
News-ID: 3411242 • Views: …
More Releases from 360iResearch
Rising Incidence of Human Metapneumovirus in Vulnerable Populations Boosts Globa …
In recent years, the silent ascent of human metapneumovirus (HMPV) infections has begun to capture significant attention within the realm of infectious diseases. As we advance in medical science, unraveling complexities of age-old pathogens like common influenza or emerging illnesses like COVID-19, a critical discourse has been emerging around HMPV. Particularly, there seems to be a burgeoning acknowledgment of its growing impact on vulnerable global populations, propelling an increased demand…
The Meat Alternatives Market size was estimated at USD 9.39 billion in 2023 and …
From Appetite to Advocacy: The Rising Demand for Meat Alternatives
In recent years, the global food industry has been undergoing a remarkable transformation, driven primarily by an increasing consumer demand for healthier, sustainable, and ethically sourced food products. This seismic shift has brought traditional meat alternatives and high-protein plant-based foods into the spotlight. As the world becomes more conscious of the implications of meat consumption on health and the environment, the…
The Mobility-as-a-Service Market size was estimated at USD 264.80 billion in 202 …
Unpacking the Surge in Investments and Collaborations to Bolster Mobility-as-a-Service
In recent years, as urban landscapes continually evolve, a transformative shift known as Mobility-as-a-Service (MaaS) has reshaped the way we perceive transportation. Marked by the integration of various forms of transport services into a single accessible on-demand mobility solution, MaaS is rapidly gaining traction across global cities. As an emerging paradigm, it's not just shaping the future of travel but also…
The Data Center Services Market size was estimated at USD 56.65 billion in 2023 …
Smart City Revolutions: Why Data Center Colocation is the Future Backbone
In the era of digital transformation, urban landscapes across the globe are undergoing a seismic shift toward becoming "smart cities." The concept of a smart city revolves around using digital technology, IoT (Internet of Things), AI, and data analytics at an unprecedented scale to improve urban infrastructure, manage resources efficiently, and enhance the quality of life for citizens. A vital…
More Releases for Needle
The culmination of needle valve structure - integral forged two-piece stem NV1 n …
Image: https://www.hikelok.com/uploads/nv+.jpg
As a comprehensive needle valve, NV1 needle valve [https://www.hikelok.com/nv1-needle-valves/] has become the most widely used needle valve [https://www.hikelok.com/needle-valves/] type in Hikelok. So why is this needle valve called a comprehensive needle valve, and what are the reasons for it becoming the most widely used needle valve?
Firstly, it is a needle valve forged as a whole. What does' whole 'mean? Simply put, it means merging the valve body and bonnet…
Needle Destroyer Market Insights and Future Outlook for Safe Needle Disposal in …
The Needle Destroyer market report on the industry provides a thorough analysis of the different methods and materials employed in the manufacturing of Needle Destroyer market goods.. Key regions that are speeding up marketization are used to segment the market study. The scope of various market segments and applications that may have future market influence is also provided in this section. The comprehensive data is predicated on historical turning points…
Endoscopy Needle Holder Market Reliable and Efficient Needle Control for Endosco …
Global Endoscopy Needle Holder Market Overview:
The Endoscopy Needle Holder market is a broad category that includes a wide range of products and services related to various industries. This market comprises companies that operate in areas such as consumer goods, technology, healthcare, and finance, among others.
In recent years, the Endoscopy Needle Holder market has experienced significant growth, driven by factors such as increasing consumer demand, technological advancements, and globalization. This growth…
Needle Destruction Devices Market - Efficiency and Reliability: Needle Destructi …
Newark, New Castle, USA: The "Needle Destruction Devices Market" provides a value chain analysis of revenue for the anticipated period from 2023 to 2031. The report will include a full and comprehensive analysis of the business operations of all market leaders in this industry, as well as their in-depth market research, historical market development, and information about their market competitors.
Needle Destruction Devices Market: https://www.growthplusreports.com/report/needle-destruction-devices-market/8442
This latest report researches the industry structure,…
Sewing Machine Needle Market Future Outlook 2023-2029, Industry Demand, Trends, …
The Sewing Machine Needle Market research report incorporates the scope and objective of the study. Moreover, the report highlights key market segments and players covered. It also covers industry trends, focusing on market use cases and top market size by region, market trends, and Global market size. Moreover, the Sewing Machine Needle Market research report covers market growth rate and market share by region. Sewing Machine Needle, regional marketing analysis,…
Massive Growth of Dental Needle Market 2021-2028: Analysed by Business Growth, D …
The persuasive Dental Needle Market research report contains market insights and analysis for Industry which are backed up by SWOT analysis. This marketing report examines market drivers, market restraints, challenges, opportunities and key developments in the Industry. The business report provides complete knowledge and information of rapidly changing market landscape, what is already there in the market, future trends or market expectations, the competitive environment, and competitor strategies that aids…
