Needle Coke Market Growth and Opportunities: A Global Perspective

𝐍𝐞𝐞𝐝𝐥𝐞 𝐂𝐨𝐤𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 - 𝐆𝐫𝐨𝐰𝐭𝐡, 𝐎𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐢𝐞𝐬, 𝐓𝐫𝐞𝐧𝐝𝐬, 𝐚𝐧𝐝 𝐃𝐞𝐯𝐞𝐥𝐨𝐩𝐦𝐞𝐧𝐭𝐬 𝐀𝐜𝐫𝐨𝐬𝐬 𝐊𝐞𝐲 𝐑𝐞𝐠𝐢𝐨𝐧𝐬

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.

𝐍𝐞𝐞𝐝𝐥𝐞 𝐂𝐨𝐤𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰

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.

𝐆𝐫𝐚𝐛 𝐲𝐨𝐮𝐫 𝐬𝐚𝐦𝐩𝐥𝐞 𝐜𝐨𝐩𝐲 𝐨𝐟 𝐭𝐡𝐢𝐬 𝐫𝐞𝐩𝐨𝐫𝐭 𝐧𝐨𝐰: https://www.maximizemarketresearch.com/request-sample/11668/

𝐍𝐞𝐞𝐝𝐥𝐞 𝐂𝐨𝐤𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐂𝐨𝐮𝐧𝐭𝐫𝐲-𝐒𝐩𝐞𝐜𝐢𝐟𝐢𝐜 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬

𝑵𝒆𝒆𝒅𝒍𝒆 𝑪𝒐𝒌𝒆 𝑴𝒂𝒓𝒌𝒆𝒕 𝑮𝒓𝒐𝒘𝒕𝒉 𝑶𝒑𝒑𝒐𝒓𝒕𝒖𝒏𝒊𝒕𝒊𝒆𝒔 𝒊𝒏 𝑽𝒊𝒆𝒕𝒏𝒂𝒎

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 𝐇𝐨𝐚 𝐏𝐡𝐚𝐭 𝐆𝐫𝐨𝐮𝐩 are exploring collaborations to ensure a steady supply of needle coke for their operations.

𝑵𝒆𝒆𝒅𝒍𝒆 𝑪𝒐𝒌𝒆 𝑴𝒂𝒓𝒌𝒆𝒕 𝑻𝒓𝒆𝒏𝒅𝒔 𝒊𝒏 𝑻𝒉𝒂𝒊𝒍𝒂𝒏𝒅

Thailand is witnessing increased investments in its automotive sector, particularly in EV production. 𝐏𝐓𝐓 𝐆𝐫𝐨𝐮𝐩 has announced plans for a joint venture with 𝐋𝐆 𝐂𝐡𝐞𝐦 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.

𝑵𝒆𝒆𝒅𝒍𝒆 𝑪𝒐𝒌𝒆 𝑴𝒂𝒓𝒌𝒆𝒕 𝑶𝒑𝒑𝒐𝒓𝒕𝒖𝒏𝒊𝒕𝒊𝒆𝒔 𝒊𝒏 𝑱𝒂𝒑𝒂𝒏

Japan remains a global leader in graphite electrode production. Companies like 𝐒𝐡𝐨𝐰𝐚 𝐃𝐞𝐧𝐤𝐨 𝐊.𝐊. and 𝐓𝐨𝐤𝐚𝐢 𝐂𝐚𝐫𝐛𝐨𝐧 𝐂𝐨., 𝐋𝐭𝐝. are at the forefront of innovation, focusing on sustainable needle coke production. Japan's advancements in EV battery technology are further fueling market growth.

𝑵𝒆𝒆𝒅𝒍𝒆 𝑪𝒐𝒌𝒆 𝑴𝒂𝒓𝒌𝒆𝒕 𝑪𝒐𝒏𝒔𝒐𝒍𝒊𝒅𝒂𝒕𝒊𝒐𝒏 𝒊𝒏 𝑺𝒐𝒖𝒕𝒉 𝑲𝒐𝒓𝒆𝒂

South Korea's needle coke market is marked by strategic mergers and acquisitions. Recently, 𝐏𝐎𝐒𝐂𝐎 acquired a 35% stake in 𝐂𝐚𝐫𝐛𝐨𝐧 𝐒𝐨𝐥𝐮𝐭𝐢𝐨𝐧𝐬 to strengthen its supply chain. The growing demand for high-quality needle coke in steel production and EV batteries underpins this consolidation.

𝑵𝒆𝒆𝒅𝒍𝒆 𝑪𝒐𝒌𝒆 𝑴𝒂𝒓𝒌𝒆𝒕 𝑼𝒑𝒅𝒂𝒕𝒆𝒔 𝒊𝒏 𝑺𝒊𝒏𝒈𝒂𝒑𝒐𝒓𝒆

Singapore is becoming a hub for advanced material research, with institutions like 𝐀*𝐒𝐓𝐀𝐑 collaborating with industry players. The country's strategic location and innovation-driven ecosystem attract investments in needle coke applications. 𝐄𝐱𝐱𝐨𝐧𝐌𝐨𝐛𝐢𝐥 has invested in R&D for needle coke refining technologies in Singapore.

𝑵𝒆𝒆𝒅𝒍𝒆 𝑪𝒐𝒌𝒆 𝑴𝒂𝒓𝒌𝒆𝒕 𝑮𝒓𝒐𝒘𝒕𝒉 𝒊𝒏 𝒕𝒉𝒆 𝑼𝒏𝒊𝒕𝒆𝒅 𝑺𝒕𝒂𝒕𝒆𝒔

The United States is a dominant player in the global needle coke market, driven by its robust steel and automotive sectors. 𝐏𝐡𝐢𝐥𝐥𝐢𝐩𝐬 𝟔𝟔 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.

𝑵𝒆𝒆𝒅𝒍𝒆 𝑪𝒐𝒌𝒆 𝑴𝒂𝒓𝒌𝒆𝒕 𝑻𝒓𝒆𝒏𝒅𝒔 𝒊𝒏 𝑬𝒖𝒓𝒐𝒑𝒆

Europe's emphasis on sustainability is reshaping the needle coke market. 𝐆𝐫𝐚𝐩𝐡𝐢𝐭𝐞 𝐈𝐧𝐝𝐢𝐚 𝐋𝐢𝐦𝐢𝐭𝐞𝐝 partnered with 𝐄𝐮𝐫𝐨𝐩𝐞𝐚𝐧 𝐁𝐚𝐭𝐭𝐞𝐫𝐲 𝐀𝐥𝐥𝐢𝐚𝐧𝐜𝐞 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.

𝐈𝐧𝐭𝐞𝐫𝐞𝐬𝐭𝐞𝐝 𝐭𝐨 𝐭𝐚𝐤𝐞 𝐚 𝐬𝐧𝐞𝐚𝐤 𝐩𝐞𝐞𝐤? 𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐚 𝐬𝐚𝐦𝐩𝐥𝐞 𝐜𝐨𝐩𝐲 𝐨𝐟 𝐭𝐡𝐞 𝐫𝐞𝐩𝐨𝐫𝐭 𝐭𝐨 𝐬𝐞𝐞 𝐰𝐡𝐚𝐭'𝐬 𝐢𝐧𝐬𝐢𝐝𝐞: https://www.maximizemarketresearch.com/request-sample/11668/

𝐑𝐞𝐜𝐞𝐧𝐭 𝐊𝐞𝐲 𝐃𝐞𝐯𝐞𝐥𝐨𝐩𝐦𝐞𝐧𝐭𝐬

𝐒𝐡𝐨𝐰𝐚 𝐃𝐞𝐧𝐤𝐨 𝐊.𝐊. announced the development of a new needle coke grade for high-performance EV batteries.
𝐏𝐡𝐢𝐥𝐥𝐢𝐩𝐬 𝟔𝟔 entered into a joint venture with a European supplier to enhance production capabilities.
𝐏𝐎𝐒𝐂𝐎 𝐚𝐧𝐝 𝐋𝐆 𝐂𝐡𝐞𝐦 signed a strategic agreement to collaborate on needle coke sourcing for battery anodes.
𝐓𝐨𝐤𝐚𝐢 𝐂𝐚𝐫𝐛𝐨𝐧 𝐂𝐨., 𝐋𝐭𝐝. invested in R&D for bio-based alternatives to traditional needle coke.

𝐍𝐞𝐞𝐝𝐥𝐞 𝐂𝐨𝐤𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧:

𝒃𝒚 𝑮𝒓𝒂𝒅𝒆

Base Premium
Intermediate Premium
Super Premium

𝒃𝒚 𝑻𝒚𝒑𝒆

Petroleum Derived
Coal Tar Pitch Derived

𝒃𝒚 𝑨𝒑𝒑𝒍𝒊𝒄𝒂𝒕𝒊𝒐𝒏

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 .

𝐓𝐨 𝐞𝐱𝐩𝐥𝐨𝐫𝐞 𝐭𝐡𝐢𝐬 𝐬𝐮𝐛𝐣𝐞𝐜𝐭 𝐦𝐚𝐭𝐭𝐞𝐫 𝐟𝐮𝐫𝐭𝐡𝐞𝐫, 𝐩𝐥𝐞𝐚𝐬𝐞 𝐜𝐥𝐢𝐜𝐤 𝐨𝐧 𝐭𝐡𝐞 𝐥𝐢𝐧𝐤 𝐩𝐫𝐨𝐯𝐢𝐝𝐞𝐝: https://www.maximizemarketresearch.com/request-sample/11668/

𝐌𝐚𝐣𝐨𝐫 𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬 𝐨𝐩𝐞𝐫𝐚𝐭𝐢𝐧𝐠 𝐢𝐧 𝐍𝐞𝐞𝐝𝐥𝐞 𝐂𝐨𝐤𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐀𝐫𝐞:

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

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