Needle Coke Market to Exhibit a Remarkable CAGR of 7.50% by 2029, Size, Share, Trends, Key Drivers, Demand, Opportunity Analysis and Competitive Outlook

Data Bridge Market Research analyses that the needle coke market was valued at USD 4.03 billion in 2021 and is expected to reach USD 7.19 billion by 2029, registering a CAGR of 7.50% during the forecast period of 2022 to 2029. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and climate chain scenario.

Needle coke is the principal raw material used in the steel and aluminium industries to make graphite electrodes from arc furnaces. It is a unique sort of coke with outstanding structural qualities, high electrical resistance, high-temperature resistance, thermal expansion coefficient (CTE) and oxidizability. In manufacturing graphite electrodes, needle coke accounts for more than 40% of the raw material expenses.

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Some of the major players operating in the Needle Coke market are Phillips 66 Company (US), Mitsubishi Chemical Corporation. (Japan), GrafTech International (US), Sumitomo Chemical Co., Ltd (Japan), Indian Oil Corporation Ltd (India), China National Petroleum Corporation (China), Asbury Carbons (US), Baosteel Group Hu ICP (China), Sojitz JECT Corporation (Japan), Graphite india Limited (India), Eastman Chemical Company (US), Royal Dutch Shell Plc (UK), Eni S.p.A. (Italy), Shanghai Petrochemical (China), Kothari Petrochemicals (India), NIPPON STEEL Chemical & Material Co., Ltd. (Japan), GrafTech International (US), ENEOS Holdings, Inc. (Japan), HEG Limited (India), Mott (US)

Global Needle Coke  Market Scope
The needle coke market is segmented on the basis of type, grade and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
Petroleum Derived
Coal-Tar Pitch Derived
Based on type, the needle coke market is segmented into petroleum derived and coal-tar pitch derived.
Grade
Intermediate
Premium
Super Premium
On the basis of grade, the needle coke market is segmented into intermediate, premium, and super premium.
Application
Graphite Electrode
Special Carbon Material
Lithium Ion Battery
Other Applications
The needle coke market is also segmented on the basis of application into graphite electrode, special carbon material, lithium Ion battery, and other applications.

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