Needle Coke Market to Reach $7.1 Billion by 2030, Driven by Rising Demand in Steel and Lithium Battery Industries

𝐍𝐞𝐞𝐝𝐥𝐞 𝐂𝐨𝐤𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐆𝐫𝐨𝐰𝐭𝐡 𝐨𝐫 𝐃𝐞𝐦𝐚𝐧𝐝 𝐈𝐧𝐜𝐫𝐞𝐚𝐬𝐞 𝐨𝐫 𝐃𝐞𝐜𝐫𝐞𝐚𝐬𝐞 𝐟𝐨𝐫 𝐰𝐡𝐚𝐭 𝐜𝐨𝐧𝐭𝐚𝐢𝐧𝐬??

𝐌𝐚𝐫𝐤𝐞𝐭 𝐃𝐫𝐢𝐯𝐞𝐫𝐬: 𝐒𝐭𝐞𝐞𝐥 𝐑𝐞𝐜𝐲𝐜𝐥𝐢𝐧𝐠 𝐚𝐧𝐝 𝐋𝐢𝐭𝐡𝐢𝐮𝐦 𝐁𝐚𝐭𝐭𝐞𝐫𝐲 𝐃𝐞𝐦𝐚𝐧𝐝

The needle coke market is experiencing significant growth due to the increasing demand for steel recycling and the expanding use of needle coke in lithium battery anode materials. In 2022, the demand for needle coke in lithium battery anodes was about 80 kilotons and is expected to surpass 250 kilotons by 2029. The surge in new energy vehicles is a major contributor to this demand.

𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐭𝐫𝐚𝐢𝐧𝐭𝐬: 𝐂𝐫𝐮𝐝𝐞 𝐎𝐢𝐥 𝐅𝐥𝐮𝐜𝐭𝐮𝐚𝐭𝐢𝐨𝐧𝐬 𝐚𝐧𝐝 𝐓𝐞𝐜𝐡𝐧𝐨𝐥𝐨𝐠𝐢𝐜𝐚𝐥 𝐋𝐢𝐦𝐢𝐭𝐚𝐭𝐢𝐨𝐧𝐬

Despite the promising growth, the needle coke market faces challenges such as uncertainties in the global crude oil and natural gas markets due to demand and supply fluctuations. Additionally, limited global decant oil capacities and technological limitations are expected to hinder market growth over the coming years.

𝐈𝐦𝐩𝐚𝐜𝐭 𝐨𝐟 𝐂𝐎𝐕𝐈𝐃-19

The COVID-19 pandemic has had varied impacts on market leaders, followers, and disruptors within the needle coke market. The report highlights both short-term and long-term impacts, providing decision-makers with insights to develop strategic responses tailored to different regions and market segments.

Global Needle Coke Market size is expected to reach US$ 7102.69 Mn. by 2030, growing at a CAGR of 6.5% during the forecast period.

𝐔𝐧𝐥𝐨𝐜𝐤 𝐭𝐡𝐞 𝐟𝐮𝐥𝐥 𝐩𝐨𝐭𝐞𝐧𝐭𝐢𝐚𝐥 𝐨𝐟 𝐨𝐮𝐫 𝐫𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐛𝐲 𝐚𝐜𝐜𝐞𝐬𝐬𝐢𝐧𝐠 𝐬𝐚𝐦𝐩𝐥𝐞 𝐭𝐨𝐝𝐚𝐲: https://www.maximizemarketresearch.com/request-sample/11668/

𝐍𝐞𝐞𝐝𝐥𝐞 𝐂𝐨𝐤𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰:

Needle coke is a high-quality, needle-shaped carbon material used predominantly in the manufacturing of graphite electrodes for electric arc furnaces in the steel industry. It is characterized by its hard and dense mass, composed of carbon threads, making it an essential component in high-grade graphite production.

𝐍𝐞𝐞𝐝𝐥𝐞 𝐂𝐨𝐤𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧:

𝐛𝐲 𝐆𝐫𝐚𝐝𝐞

Base Premium
Intermediate Premium
Super Premium

𝐛𝐲 𝐓𝐲𝐩𝐞

Petroleum Derived
Coal Tar Pitch Derived

Coal tar is a byproduct of the cooking process of low ash metallurgical coke. The petroleum-derived segment accounted for more than 60% of the market in 2023. In terms of grade, the super-premium grade has the lowest coefficient of thermal expansion (CTE), making it more suited for producing high-grade graphite electrodes. In terms of application, the graphite electrode segment accounted for a significant portion of the market in 2023.

𝐛𝐲 𝐀𝐩𝐩𝐥𝐢𝐜𝐚𝐭𝐢𝐨𝐧

Steel Industry
Aluminium Industry
Nuclear Power

𝐍𝐞𝐞𝐝𝐥𝐞 𝐂𝐨𝐤𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐜𝐨𝐩𝐞:

The report provides a comprehensive overview of the Needle Coke market, encompassing both global and regional market sizes, shares, and presence. It defines and introduces the Needle Coke market, discussing proactive management strategies. The report thoroughly analyses current trends, drivers, challenges, constraints, and opportunities to forecast the future potential of the Needle Coke market. It includes detailed insights into key players, their market sizes, shares, growth rates, revenues, production volumes, and profitability across different regions, illustrating the market's structure. Utilizing SWOT analysis, the report identifies strengths and weaknesses within the Needle Coke market. Market engineering techniques, employing both top-down and bottom-up approaches along with triangulation methods, are used to estimate and forecast market segments and sub-segments as outlined in this study.

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐲𝐨𝐮𝐫 𝐟𝐫𝐞𝐞 𝐬𝐚𝐦𝐩𝐥𝐞 𝐨𝐟 𝐨𝐮𝐫 𝐢𝐧-𝐝𝐞𝐩𝐭𝐡 𝐦𝐚𝐫𝐤𝐞𝐭 𝐬𝐭𝐮𝐝𝐲 𝐧𝐨𝐰: https://www.maximizemarketresearch.com/request-sample/11668/

𝐍𝐞𝐞𝐝𝐥𝐞 𝐂𝐨𝐤𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬:

Key Players of the Needle Coke Market profiled in the report include…..

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

𝐍𝐞𝐞𝐝𝐥𝐞 𝐂𝐨𝐤𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐆𝐫𝐨𝐰𝐭𝐡 𝐨𝐫 𝐃𝐞𝐦𝐚𝐧𝐝 𝐢𝐧 𝐰𝐡𝐢𝐜𝐡 𝐫𝐞𝐠𝐢𝐨𝐧𝐬??

On a regional basis, the Asia Pacific market is predicted to grow significantly in the coming years as the region's steel and aluminum manufacturing industries expand. The European market is expected to increase rapidly in the foreseeable future.

𝐂𝐨𝐧𝐜𝐥𝐮𝐬𝐢𝐨𝐧

The comprehensive analysis presented in the report offers insights into the current state and future prospects of the global needle coke market. By examining market dynamics, key players, and regional trends, the report provides valuable information for stakeholders and decision-makers, helping them navigate the complex landscape of the needle coke industry. With the market expected to reach $7.1 billion by 2030, the future looks promising for this critical industrial material.

𝐀𝐯𝐚𝐢𝐥𝐚𝐛𝐥𝐞 𝐄𝐱𝐜𝐥𝐮𝐬𝐢𝐯𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐂𝐨𝐩𝐲 𝐨𝐟 𝐭𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭 : https://www.maximizemarketresearch.com/market-report/needle-coke-market/11668/

𝐊𝐞𝐲 𝐐𝐮𝐞𝐬𝐭𝐢𝐨𝐧𝐬 𝐚𝐧𝐬𝐰𝐞𝐫𝐞𝐝 𝐢𝐧 𝐭𝐡𝐞 𝐍𝐞𝐞𝐝𝐥𝐞 𝐂𝐨𝐤𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐩𝐨𝐫𝐭 𝐚𝐫𝐞:

What is the growth rate of the Needle Coke market?
What segments are covered in the Needle Coke market report?
What are the factors driving the Needle Coke market growth?
Which are the top players in the Needle Coke market?
What are key growths strategies that were implemented by key players to dominate the Needle Coke Market?
Which region is expected to dominate in the Needle Coke Market?
𝐊𝐞𝐲 𝐎𝐟𝐟𝐞𝐫𝐢𝐧𝐠𝐬:

Past Market Size and Competitive Landscape
Past Pricing and price curve by region
Market Size, Share, Size & Forecast by different segment
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by Region
Market Segmentation - A detailed analysis by segment with their sub-segments and Region
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of Business by Region
Lucrative business opportunities with SWOT analysis
Recommendations
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