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Needle Coke Market Growth and Opportunities: A Global Perspective

12-23-2024 05:36 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: Maximize Market Research Pvt. Ltd.

Needle Coke Market

Needle Coke Market

๐๐ž๐ž๐๐ฅ๐ž ๐‚๐จ๐ค๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ - ๐†๐ซ๐จ๐ฐ๐ญ๐ก, ๐Ž๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐ž๐ฌ, ๐“๐ซ๐ž๐ง๐๐ฌ, ๐š๐ง๐ ๐ƒ๐ž๐ฏ๐ž๐ฅ๐จ๐ฉ๐ฆ๐ž๐ง๐ญ๐ฌ ๐€๐œ๐ซ๐จ๐ฌ๐ฌ ๐Š๐ž๐ฒ ๐‘๐ž๐ ๐ข๐จ๐ง๐ฌ

The global Needle Coke Market is poised for substantial growth, driven by increasing demand from the steel and lithium-ion battery industries. This press release delves into the market size, CAGR, country-specific data, and recent developments, offering valuable insights for stakeholders and industry professionals.

๐๐ž๐ž๐๐ฅ๐ž ๐‚๐จ๐ค๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐Ž๐ฏ๐ž๐ซ๐ฏ๐ข๐ž๐ฐ

The global needle coke market was valued at USD 4570.63 Mn. in 2023 and is projected to reach USD 7102.69 Mn. by 2030, growing at a CAGR of 6.5% from 2024 to 2030. The growth is attributed to the surging adoption of needle coke in ultra-high-power electrodes and the expanding electric vehicle (EV) market.

๐†๐ซ๐š๐› ๐ฒ๐จ๐ฎ๐ซ ๐ฌ๐š๐ฆ๐ฉ๐ฅ๐ž ๐œ๐จ๐ฉ๐ฒ ๐จ๐Ÿ ๐ญ๐ก๐ข๐ฌ ๐ซ๐ž๐ฉ๐จ๐ซ๐ญ ๐ง๐จ๐ฐ: https://www.maximizemarketresearch.com/request-sample/11668/

๐๐ž๐ž๐๐ฅ๐ž ๐‚๐จ๐ค๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‚๐จ๐ฎ๐ง๐ญ๐ซ๐ฒ-๐’๐ฉ๐ž๐œ๐ข๐Ÿ๐ข๐œ ๐€๐ง๐š๐ฅ๐ฒ๐ฌ๐ข๐ฌ

๐‘ต๐’†๐’†๐’…๐’๐’† ๐‘ช๐’๐’Œ๐’† ๐‘ด๐’‚๐’“๐’Œ๐’†๐’• ๐‘ฎ๐’“๐’๐’˜๐’•๐’‰ ๐‘ถ๐’‘๐’‘๐’๐’“๐’•๐’–๐’๐’Š๐’•๐’Š๐’†๐’” ๐’Š๐’ ๐‘ฝ๐’Š๐’†๐’•๐’๐’‚๐’Ž

Vietnam's steel and EV industries are emerging as significant growth drivers for the needle coke market. In 2023, Vietnam's steel production saw a surge of 12.5%, boosting the demand for ultra-high-power electrodes made from needle coke. Companies like ๐‡๐จ๐š ๐๐ก๐š๐ญ ๐†๐ซ๐จ๐ฎ๐ฉ are exploring collaborations to ensure a steady supply of needle coke for their operations.

๐‘ต๐’†๐’†๐’…๐’๐’† ๐‘ช๐’๐’Œ๐’† ๐‘ด๐’‚๐’“๐’Œ๐’†๐’• ๐‘ป๐’“๐’†๐’๐’…๐’” ๐’Š๐’ ๐‘ป๐’‰๐’‚๐’Š๐’๐’‚๐’๐’…

Thailand is witnessing increased investments in its automotive sector, particularly in EV production. ๐๐“๐“ ๐†๐ซ๐จ๐ฎ๐ฉ has announced plans for a joint venture with ๐‹๐† ๐‚๐ก๐ž๐ฆ to develop lithium-ion battery production facilities, which will drive needle coke demand. The market in Thailand is expected to grow at a CAGR of 9.3% during the forecast period.

๐‘ต๐’†๐’†๐’…๐’๐’† ๐‘ช๐’๐’Œ๐’† ๐‘ด๐’‚๐’“๐’Œ๐’†๐’• ๐‘ถ๐’‘๐’‘๐’๐’“๐’•๐’–๐’๐’Š๐’•๐’Š๐’†๐’” ๐’Š๐’ ๐‘ฑ๐’‚๐’‘๐’‚๐’

Japan remains a global leader in graphite electrode production. Companies like ๐’๐ก๐จ๐ฐ๐š ๐ƒ๐ž๐ง๐ค๐จ ๐Š.๐Š. and ๐“๐จ๐ค๐š๐ข ๐‚๐š๐ซ๐›๐จ๐ง ๐‚๐จ., ๐‹๐ญ๐. are at the forefront of innovation, focusing on sustainable needle coke production. Japan's advancements in EV battery technology are further fueling market growth.

๐‘ต๐’†๐’†๐’…๐’๐’† ๐‘ช๐’๐’Œ๐’† ๐‘ด๐’‚๐’“๐’Œ๐’†๐’• ๐‘ช๐’๐’๐’”๐’๐’๐’Š๐’…๐’‚๐’•๐’Š๐’๐’ ๐’Š๐’ ๐‘บ๐’๐’–๐’•๐’‰ ๐‘ฒ๐’๐’“๐’†๐’‚

South Korea's needle coke market is marked by strategic mergers and acquisitions. Recently, ๐๐Ž๐’๐‚๐Ž acquired a 35% stake in ๐‚๐š๐ซ๐›๐จ๐ง ๐’๐จ๐ฅ๐ฎ๐ญ๐ข๐จ๐ง๐ฌ to strengthen its supply chain. The growing demand for high-quality needle coke in steel production and EV batteries underpins this consolidation.

๐‘ต๐’†๐’†๐’…๐’๐’† ๐‘ช๐’๐’Œ๐’† ๐‘ด๐’‚๐’“๐’Œ๐’†๐’• ๐‘ผ๐’‘๐’…๐’‚๐’•๐’†๐’” ๐’Š๐’ ๐‘บ๐’Š๐’๐’ˆ๐’‚๐’‘๐’๐’“๐’†

Singapore is becoming a hub for advanced material research, with institutions like ๐€*๐’๐“๐€๐‘ collaborating with industry players. The country's strategic location and innovation-driven ecosystem attract investments in needle coke applications. ๐„๐ฑ๐ฑ๐จ๐ง๐Œ๐จ๐›๐ข๐ฅ has invested in R&D for needle coke refining technologies in Singapore.

๐‘ต๐’†๐’†๐’…๐’๐’† ๐‘ช๐’๐’Œ๐’† ๐‘ด๐’‚๐’“๐’Œ๐’†๐’• ๐‘ฎ๐’“๐’๐’˜๐’•๐’‰ ๐’Š๐’ ๐’•๐’‰๐’† ๐‘ผ๐’๐’Š๐’•๐’†๐’… ๐‘บ๐’•๐’‚๐’•๐’†๐’”

The United States is a dominant player in the global needle coke market, driven by its robust steel and automotive sectors. ๐๐ก๐ข๐ฅ๐ฅ๐ข๐ฉ๐ฌ ๐Ÿ”๐Ÿ” recently expanded its needle coke production capacity to meet rising domestic and export demands. The U.S. market is expected to grow at a CAGR of 7.9%, fueled by advancements in EV battery technologies.

๐‘ต๐’†๐’†๐’…๐’๐’† ๐‘ช๐’๐’Œ๐’† ๐‘ด๐’‚๐’“๐’Œ๐’†๐’• ๐‘ป๐’“๐’†๐’๐’…๐’” ๐’Š๐’ ๐‘ฌ๐’–๐’“๐’๐’‘๐’†

Europe's emphasis on sustainability is reshaping the needle coke market. ๐†๐ซ๐š๐ฉ๐ก๐ข๐ญ๐ž ๐ˆ๐ง๐๐ข๐š ๐‹๐ข๐ฆ๐ข๐ญ๐ž๐ partnered with ๐„๐ฎ๐ซ๐จ๐ฉ๐ž๐š๐ง ๐๐š๐ญ๐ญ๐ž๐ซ๐ฒ ๐€๐ฅ๐ฅ๐ข๐š๐ง๐œ๐ž to develop eco-friendly needle coke for the region's EV industry. Additionally, stringent regulations on carbon emissions are driving innovation in needle coke applications.

๐ˆ๐ง๐ญ๐ž๐ซ๐ž๐ฌ๐ญ๐ž๐ ๐ญ๐จ ๐ญ๐š๐ค๐ž ๐š ๐ฌ๐ง๐ž๐š๐ค ๐ฉ๐ž๐ž๐ค? ๐‘๐ž๐ช๐ฎ๐ž๐ฌ๐ญ ๐š ๐ฌ๐š๐ฆ๐ฉ๐ฅ๐ž ๐œ๐จ๐ฉ๐ฒ ๐จ๐Ÿ ๐ญ๐ก๐ž ๐ซ๐ž๐ฉ๐จ๐ซ๐ญ ๐ญ๐จ ๐ฌ๐ž๐ž ๐ฐ๐ก๐š๐ญ'๐ฌ ๐ข๐ง๐ฌ๐ข๐๐ž: https://www.maximizemarketresearch.com/request-sample/11668/

๐‘๐ž๐œ๐ž๐ง๐ญ ๐Š๐ž๐ฒ ๐ƒ๐ž๐ฏ๐ž๐ฅ๐จ๐ฉ๐ฆ๐ž๐ง๐ญ๐ฌ

๐’๐ก๐จ๐ฐ๐š ๐ƒ๐ž๐ง๐ค๐จ ๐Š.๐Š. announced the development of a new needle coke grade for high-performance EV batteries.
๐๐ก๐ข๐ฅ๐ฅ๐ข๐ฉ๐ฌ ๐Ÿ”๐Ÿ” entered into a joint venture with a European supplier to enhance production capabilities.
๐๐Ž๐’๐‚๐Ž ๐š๐ง๐ ๐‹๐† ๐‚๐ก๐ž๐ฆ signed a strategic agreement to collaborate on needle coke sourcing for battery anodes.
๐“๐จ๐ค๐š๐ข ๐‚๐š๐ซ๐›๐จ๐ง ๐‚๐จ., ๐‹๐ญ๐. invested in R&D for bio-based alternatives to traditional needle coke.

๐๐ž๐ž๐๐ฅ๐ž ๐‚๐จ๐ค๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐’๐ž๐ ๐ฆ๐ž๐ง๐ญ๐š๐ญ๐ข๐จ๐ง:

๐’ƒ๐’š ๐‘ฎ๐’“๐’‚๐’…๐’†

Base Premium
Intermediate Premium
Super Premium

๐’ƒ๐’š ๐‘ป๐’š๐’‘๐’†

Petroleum Derived
Coal Tar Pitch Derived

๐’ƒ๐’š ๐‘จ๐’‘๐’‘๐’๐’Š๐’„๐’‚๐’•๐’Š๐’๐’

Steel Industry
Aluminium Industry
Nuclear Power

The Coca - Cola market can be divided into types, grades , applications , and regions . Based on the type , coal tar is obtained as a residue during the firing of low - clay metallurgical coke . The petroleum - derived segment accounted for over 60 % of the market in 2023. In terms of quality , the super - premium grade has the lowest coefficient of thermal expansion ( CTE ) , making it more suitable for the manufacturing of high - quality graphite electrodes . In terms of usage , the graphite electrode segment occupied a significant share of the market in 2023 .

๐“๐จ ๐ž๐ฑ๐ฉ๐ฅ๐จ๐ซ๐ž ๐ญ๐ก๐ข๐ฌ ๐ฌ๐ฎ๐›๐ฃ๐ž๐œ๐ญ ๐ฆ๐š๐ญ๐ญ๐ž๐ซ ๐Ÿ๐ฎ๐ซ๐ญ๐ก๐ž๐ซ, ๐ฉ๐ฅ๐ž๐š๐ฌ๐ž ๐œ๐ฅ๐ข๐œ๐ค ๐จ๐ง ๐ญ๐ก๐ž ๐ฅ๐ข๐ง๐ค ๐ฉ๐ซ๐จ๐ฏ๐ข๐๐ž๐: https://www.maximizemarketresearch.com/request-sample/11668/

๐Œ๐š๐ฃ๐จ๐ซ ๐Š๐ž๐ฒ ๐๐ฅ๐š๐ฒ๐ž๐ซ๐ฌ ๐จ๐ฉ๐ž๐ซ๐š๐ญ๐ข๐ง๐  ๐ข๐ง ๐๐ž๐ž๐๐ฅ๐ž ๐‚๐จ๐ค๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐€๐ซ๐ž:

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

๐‚๐ก๐ž๐œ๐ค ๐Ž๐ฎ๐ญ ๐ญ๐ก๐ž ๐‹๐š๐ญ๐ž๐ฌ๐ญ ๐“๐ซ๐ž๐ง๐๐ฌ:

Global Ultrasonic Dental Scalers Market https://www.maximizemarketresearch.com/market-report/global-ultrasonic-dental-scalers-market/82873/

Global Ceramic Single Layer Capacitor Market https://www.maximizemarketresearch.com/market-report/global-ceramic-single-layer-capacitor-market/66900/

Nepheline Market https://www.maximizemarketresearch.com/market-report/nepheline-market/187688/

South America UV LED Market https://www.maximizemarketresearch.com/market-report/south-america-uv-led-market/195631/

Global Tremor Proof Devices Market https://www.maximizemarketresearch.com/market-report/global-tremor-proof-devices-market/84520/

Tile Adhesives and Stone Adhesives Market https://www.maximizemarketresearch.com/market-report/tile-adhesives-and-stone-adhesives-market/158274/

Global Health Care Social Media Marketing Market https://www.maximizemarketresearch.com/market-report/global-health-care-social-media-marketing-market/99853/

BRICS Diabetes Drugs Market https://www.maximizemarketresearch.com/market-report/brics-diabetes-drugs-market/356/

Global Non-breathable Films Market https://www.maximizemarketresearch.com/market-report/global-non-breathable-films-market/44746/

Global IV Infusion Pump Accessories Market https://www.maximizemarketresearch.com/market-report/global-iv-infusion-pump-accessories-market/106886/

๐‚๐จ๐ง๐ญ๐š๐œ๐ญ ๐”๐ฌ

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Foundry Coke Market
Global Foundry Coke Market : Impact Of Existing And Emerging Market Trends By To โ€ฆ
Albany, NY, 30th April : Recent research and the current scenario as well as future market potential of "Global Foundry Coke Market 2019 by Manufacturers, Regions, Type and Application, Forecast to 2024" globally. Foundry Coke is mainly used in blast furnace and used for copper, lead, zinc, titanium, antimony, mercury and other non-ferrous metal smelting blast furnace, reductant, play a thermite and stock column skeleton function. It is a source ofโ€ฆ
01-15-2019 | Advertising, Media Consulting, โ€ฆ
HTF Market Intelligence Consulting Pvt. Ltd.
Foundry Coke Market to Witness Huge Growth by 2025| ABC Coke , ERP Compliant Cok โ€ฆ
HTF MI released a new market study on Global Foundry Coke Market with 100+ market data Tables, Pie Chat, Graphs & Figures spread through Pages and easy to understand detailed analysis. At present, the market is developing its presence. The Research report presents a complete assessment of the Market and contains a future trend, current growth factors, attentive opinions, facts, and industry validated market data. The research study provides estimatesโ€ฆ
10-22-2018 | Business, Economy, Finances, B โ€ฆ
Foundry Coke
Foundry Coke Market Report 2018 Companies included ABC Coke (Drummond ), ERP Com โ€ฆ
We have recently published this report and it is available for immediate purchase. For inquiry Email us on: jasonsmith@marketreportscompany.com ********* This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in terms of volume, revenue, YOY growth rate, and CAGR for the year 2018 to 2025, etc. The report also providesโ€ฆ
09-19-2018 | Advertising, Media Consulting, โ€ฆ
Foundry Coke Market
Foundry Coke Market Report 2018 Companies included ABC Coke (Drummond ), ERP Com โ€ฆ
We have recently published this report and it is available for immediate purchase. For inquiry Email us on: jasonsmith@marketreportscompany.com ********* This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in terms of volume, revenue, YOY growth rate, and CAGR for the year 2018 to 2025, etc. The report also provides detailedโ€ฆ
09-17-2018 | Industry, Real Estate & Constr โ€ฆ
marketstudyreport.com
Foundry Coke Market Key growth Analysis on ABC Coke (Drummond ),ERP Compliant Co โ€ฆ
Market Study Report adds 2018-2023 global Foundry Coke Market report that offers an exhaustive coverage of the industry with brief analysis, data charts, figures, statistics that help take business decisions, company profiles and more. The Foundry Coke Market Report gives a clear picture of the current situation of the market which covers global industry analysis, size, share, growth, trends, key statistics and forecast Till 2023. The report on global Foundryโ€ฆ