Petroleum Needle Coke Market 2025: Key Growth Trends, Demand Outlook & Industry Forecast | Phillips 66, GrafTech, Eneos, Sumitomo Corporation

LOS ANGELES, United States: The report named, "Petroleum Needle Coke- Global Market Share and Ranking, Overall, Sales and Demand Forecast 2025-2031" has been added to the archive of market research studies by QY Research. The industry experts and researchers have offered reliable and precise analysis of the global Petroleum Needle Coke market in view of numerous aspects such as growth factors, challenges, limitations, developments, trends, and growth opportunities. This report will surely act as a handy instrument for the market participants to develop effective strategies with an aim to reinforce their market positions. This report offers pin-point analysis of the changing dynamics and emerging trends in the global Petroleum Needle Coke market.

The global market for Petroleum Needle Coke was estimated to be worth US$ 4600 million in 2024 and is forecast to a readjusted size of US$ 18810 million by 2031 with a CAGR of 22.6% during the forecast period 2025-2031.

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According to the different production raw materials, needle coke can be divided into oil-based needle coke and coal-based needle coke. Needle coke produced with petroleum residue as raw material is oil-based needle coke; needle coke produced with coal tar pitch and its fractions as raw materials is coal-based needle coke. The production method of oil-based needle coke was developed by the United States in the late 1950s. It uses heavy distillate oils from petroleum processing plants such as thermal cracking residue oil and catalytic cracking clarified oil as raw materials, and is produced through delayed coking and calcination processes to produce oil-based needle coke. This report focuses on oil-based needle coke.

From a regional perspective, China is the largest consumer and producer. The market has changed rapidly in the past few years, with sales accounting for about 61%.

In terms of product type and technology, electrode coke revenue accounts for the largest share, accounting for 68%. From the perspective of product market application, electric arc furnace steelmaking accounts for the largest share, and the new energy vehicle market changes the fastest, with the automobile market accounting for 19%. Needle coke is used in two fields: lithium battery negative electrode and graphite electrode. Needle coke is a high-quality variety that was vigorously developed in carbon materials in the 1970s. It belongs to artificial graphite and has a series of advantages such as low thermal expansion coefficient, low porosity, low sulfur, low ash content, low metal content, high conductivity and easy graphitization. Its graphitized products have good chemical stability, corrosion resistance, high thermal conductivity, and good mechanical strength at low and high temperatures. Needle coke is divided into raw coke and cooked coke. Raw coke is mainly used to produce negative electrode materials, and the downstream is mainly new energy vehicles; cooked coke is mainly used to produce graphite electrodes, and the downstream is the steel smelting industry. Among them, needle coke is used for lithium battery negative electrode materials, and the future market space is broad.

Currently, the world's major manufacturers include Phillips 66, Jinzhou Petrochemical, Sinopec, Yida New Materials and GrafTech, with Phillips 66 accounting for 26% of the global market share. The needle coke industry has high technical barriers and certain requirements for raw material quality. From the perspective of global needle coke production areas, needle coke production companies are mainly concentrated in countries that have mastered the large-scale industrial production capabilities of needle coke products, such as the United Kingdom, the United States, Japan, South Korea and China. From the perspective of domestic needle coke production areas, my country's needle coke production companies are distributed in East China, Northeast China, North China, Central China and other regions, and oil-based needle coke is mainly concentrated in Shandong and other regions where the petroleum refining industry is relatively developed.

Competition is a major subject in any market research analysis. With the help of the competitive analysis provided in the report, players can easily study key strategies adopted by leading players of the global Petroleum Needle Coke market. They will also be able to plan counterstrategies to gain a competitive advantage in the global Petroleum Needle Coke market. Major as well as emerging players of the global Petroleum Needle Coke market are closely studied taking into consideration their market share, production, revenue, sales growth, gross margin, product portfolio, and other significant factors. This will help players to become familiar with the moves of their toughest competitors in the global Petroleum Needle Coke market.

Key Players Mentioned in the Global Petroleum Needle Coke Market Research Report:

Phillips 66
GrafTech
Eneos
Sumitomo Corporation
CNPC Jinzhou Petrochemical
Sinopec
Shandong Yida New Materials
Liaoning Baolai
Shandong Jingyang
Weifang Fumei

The segmental analysis section of the report includes a thorough research study on key type and application segments of the global Petroleum Needle Coke market. All of the segments considered for the study are analysed in quite some detail on the basis of market share, growth rate, recent developments, technology, and other critical factors. The segmental analysis provided in the report will help players to identify high-growth segments of the global Petroleum Needle Coke market and clearly understand their growth journey. Moreover, it will help them to identify key growth pockets of the global Petroleum Needle Coke market.

Details of Petroleum Needle Coke Market Segmentation: -

Segment by Type:

Electrode Coke
Negative Coke

Segment by Application:

Electric Arc Furnace Steelmaking
Automobile
Consumer Electronics
Others

The authors of the report have analysed both developing and developed regions considered for the research and analysis of the global Petroleum Needle Coke market. The regional analysis section of the report provides an extensive research study on different regional and country-wise Petroleum Needle Coke markets to help players plan effective expansion strategies. Moreover, it offers highly accurate estimations on the CAGR, market share, and market size of key regions and countries. Players can use this study to explore untapped Petroleum Needle Coke markets to extend their reach and create sales opportunities.

Reasons to Buy the Report

(1) This in-depth and comprehensive research on the global Petroleum Needle Coke market will help you improve your market research skills.

(2) Acquire a thorough understanding of current and future market conditions to devise strategies for overcoming obstacles and ensuring consistent growth.

(3) It provides an in-depth analysis of changing market trends, current and future technologies, and the various strategies used by global Petroleum Needle Coke industry leaders.

(4) It provides advice and support to newcomers to the global Petroleum Needle Coke market and actively assists existing businesses in increasing their market share.

(5) It sheds light on the plans of the industry's leading firms and market advancements in the global Petroleum Needle Coke market.

Key Questions Answered in the Report Include:

(1) This Petroleum Needle Coke report gives all the information about the industry analysis, revenue, and overview, of this market.

(2) What will be the rate of increase in Petroleum Needle Coke market size and growth rate by the end of the forecast period?

(3) What are the major global Petroleum Needle Coke market trends influencing the development of the market?

(4) What are the vital results of SWOT analysis of the major players operating in the Petroleum Needle Coke market?

(5) What are the potential growth opportunities and threats faced by Major competitors in the Petroleum Needle Coke market?

(6) What are the market opportunities and threats faced by vendors in the Global Petroleum Needle Coke market?

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Table of Content

1 Market Overview
1.1 Petroleum Needle Coke Product Introduction
1.2 Global Petroleum Needle Coke Market Size Forecast
1.2.1 Global Petroleum Needle Coke Sales Value (2020-2031)
1.2.2 Global Petroleum Needle Coke Sales Volume (2020-2031)
1.2.3 Global Petroleum Needle Coke Sales Price (2020-2031)
1.3 Petroleum Needle Coke Market Trends & Drivers
1.3.1 Petroleum Needle Coke Industry Trends
1.3.2 Petroleum Needle Coke Market Drivers & Opportunity
1.3.3 Petroleum Needle Coke Market Challenges
1.3.4 Petroleum Needle Coke Market Restraints
1.4 Assumptions and Limitations
1.5 Study Objectives
1.6 Years Considered

2 Competitive Analysis by Company
2.1 Global Petroleum Needle Coke Players Revenue Ranking (2024)
2.2 Global Petroleum Needle Coke Revenue by Company (2020-2025)
2.3 Global Petroleum Needle Coke Players Sales Volume Ranking (2024)
2.4 Global Petroleum Needle Coke Sales Volume by Company Players (2020-2025)
2.5 Global Petroleum Needle Coke Average Price by Company (2020-2025)
2.6 Key Manufacturers Petroleum Needle Coke Manufacturing Base and Headquarters
2.7 Key Manufacturers Petroleum Needle Coke Product Offered
2.8 Key Manufacturers Time to Begin Mass Production of Petroleum Needle Coke
2.9 Petroleum Needle Coke Market Competitive Analysis
2.9.1 Petroleum Needle Coke Market Concentration Rate (2020-2025)
2.9.2 Global 5 and 10 Largest Manufacturers by Petroleum Needle Coke Revenue in 2024
2.9.3 Global Top Manufacturers by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Petroleum Needle Coke as of 2024)
2.10 Mergers & Acquisitions, Expansion

3 Segmentation by Type
3.1 Introduction by Type
3.1.1 Electrode Coke
3.1.2 Negative Coke
3.2 Global Petroleum Needle Coke Sales Value by Type
3.2.1 Global Petroleum Needle Coke Sales Value by Type (2020 VS 2024 VS 2031)
3.2.2 Global Petroleum Needle Coke Sales Value, by Type (2020-2031)
3.2.3 Global Petroleum Needle Coke Sales Value, by Type (%) (2020-2031)
3.3 Global Petroleum Needle Coke Sales Volume by Type
3.3.1 Global Petroleum Needle Coke Sales Volume by Type (2020 VS 2024 VS 2031)
3.3.2 Global Petroleum Needle Coke Sales Volume, by Type (2020-2031)
3.3.3 Global Petroleum Needle Coke Sales Volume, by Type (%) (2020-2031)
3.4 Global Petroleum Needle Coke Average Price by Type (2020-2031)

4 Segmentation by Application
4.1 Introduction by Application
4.1.1 Electric Arc Furnace Steelmaking
4.1.2 Automobile
4.1.3 Consumer Electronics
4.1.4 Others
4.2 Global Petroleum Needle Coke Sales Value by Application
4.2.1 Global Petroleum Needle Coke Sales Value by Application (2020 VS 2024 VS 2031)
4.2.2 Global Petroleum Needle Coke Sales Value, by Application (2020-2031)
4.2.3 Global Petroleum Needle Coke Sales Value, by Application (%) (2020-2031)
4.3 Global Petroleum Needle Coke Sales Volume by Application
4.3.1 Global Petroleum Needle Coke Sales Volume by Application (2020 VS 2024 VS 2031)
4.3.2 Global Petroleum Needle Coke Sales Volume, by Application (2020-2031)
4.3.3 Global Petroleum Needle Coke Sales Volume, by Application (%) (2020-2031)
4.4 Global Petroleum Needle Coke Average Price by Application (2020-2031)

5 Segmentation by Region
5.1 Global Petroleum Needle Coke Sales Value by Region
5.1.1 Global Petroleum Needle Coke Sales Value by Region: 2020 VS 2024 VS 2031
5.1.2 Global Petroleum Needle Coke Sales Value by Region (2020-2025)
5.1.3 Global Petroleum Needle Coke Sales Value by Region (2026-2031)
5.1.4 Global Petroleum Needle Coke Sales Value by Region (%), (2020-2031)
5.2 Global Petroleum Needle Coke Sales Volume by Region
5.2.1 Global Petroleum Needle Coke Sales Volume by Region: 2020 VS 2024 VS 2031
5.2.2 Global Petroleum Needle Coke Sales Volume by Region (2020-2025)
5.2.3 Global Petroleum Needle Coke Sales Volume by Region (2026-2031)
5.2.4 Global Petroleum Needle Coke Sales Volume by Region (%), (2020-2031)
5.3 Global Petroleum Needle Coke Average Price by Region (2020-2031)
5.4 North America
5.4.1 North America Petroleum Needle Coke Sales Value, 2020-2031
5.4.2 North America Petroleum Needle Coke Sales Value by Country (%), 2024 VS 2031
5.5 Europe
5.5.1 Europe Petroleum Needle Coke Sales Value, 2020-2031
5.5.2 Europe Petroleum Needle Coke Sales Value by Country (%), 2024 VS 2031
5.6 Asia Pacific
5.6.1 Asia Pacific Petroleum Needle Coke Sales Value, 2020-2031
5.6.2 Asia Pacific Petroleum Needle Coke Sales Value by Region (%), 2024 VS 2031
5.7 South America
5.7.1 South America Petroleum Needle Coke Sales Value, 2020-2031
5.7.2 South America Petroleum Needle Coke Sales Value by Country (%), 2024 VS 2031
5.8 Middle East & Africa
5.8.1 Middle East & Africa Petroleum Needle Coke Sales Value, 2020-2031
5.8.2 Middle East & Africa Petroleum Needle Coke Sales Value by Country (%), 2024 VS 2031

6 Segmentation by Key Countries/Regions
6.1 Key Countries/Regions Petroleum Needle Coke Sales Value Growth Trends, 2020 VS 2024 VS 2031
6.2 Key Countries/Regions Petroleum Needle Coke Sales Value and Sales Volume
6.2.1 Key Countries/Regions Petroleum Needle Coke Sales Value, 2020-2031
6.2.2 Key Countries/Regions Petroleum Needle Coke Sales Volume, 2020-2031
6.3 United States
6.3.1 United States Petroleum Needle Coke Sales Value, 2020-2031
6.3.2 United States Petroleum Needle Coke Sales Value by Type (%), 2024 VS 2031
6.3.3 United States Petroleum Needle Coke Sales Value by Application, 2024 VS 2031
6.4 Europe
6.4.1 Europe Petroleum Needle Coke Sales Value, 2020-2031
6.4.2 Europe Petroleum Needle Coke Sales Value by Type (%), 2024 VS 2031
6.4.3 Europe Petroleum Needle Coke Sales Value by Application, 2024 VS 2031
6.5 China
6.5.1 China Petroleum Needle Coke Sales Value, 2020-2031
6.5.2 China Petroleum Needle Coke Sales Value by Type (%), 2024 VS 2031
6.5.3 China Petroleum Needle Coke Sales Value by Application, 2024 VS 2031
6.6 Japan
6.6.1 Japan Petroleum Needle Coke Sales Value, 2020-2031
6.6.2 Japan Petroleum Needle Coke Sales Value by Type (%), 2024 VS 2031
6.6.3 Japan Petroleum Needle Coke Sales Value by Application, 2024 VS 2031
6.7 South Korea
6.7.1 South Korea Petroleum Needle Coke Sales Value, 2020-2031
6.7.2 South Korea Petroleum Needle Coke Sales Value by Type (%), 2024 VS 2031
6.7.3 South Korea Petroleum Needle Coke Sales Value by Application, 2024 VS 2031
6.8 Southeast Asia
6.8.1 Southeast Asia Petroleum Needle Coke Sales Value, 2020-2031
6.8.2 Southeast Asia Petroleum Needle Coke Sales Value by Type (%), 2024 VS 2031
6.8.3 Southeast Asia Petroleum Needle Coke Sales Value by Application, 2024 VS 2031
6.9 India
6.9.1 India Petroleum Needle Coke Sales Value, 2020-2031
6.9.2 India Petroleum Needle Coke Sales Value by Type (%), 2024 VS 2031
6.9.3 India Petroleum Needle Coke Sales Value by Application, 2024 VS 2031

7 Company Profiles
7.1 Phillips 66
7.1.1 Phillips 66 Company Information
7.1.2 Phillips 66 Introduction and Business Overview
7.1.3 Phillips 66 Petroleum Needle Coke Sales, Revenue, Price and Gross Margin (2020-2025)
7.1.4 Phillips 66 Petroleum Needle Coke Product Offerings
7.1.5 Phillips 66 Recent Development
7.2 GrafTech
7.2.1 GrafTech Company Information
7.2.2 GrafTech Introduction and Business Overview
7.2.3 GrafTech Petroleum Needle Coke Sales, Revenue, Price and Gross Margin (2020-2025)
7.2.4 GrafTech Petroleum Needle Coke Product Offerings
7.2.5 GrafTech Recent Development
7.3 Eneos
7.3.1 Eneos Company Information
7.3.2 Eneos Introduction and Business Overview
7.3.3 Eneos Petroleum Needle Coke Sales, Revenue, Price and Gross Margin (2020-2025)
7.3.4 Eneos Petroleum Needle Coke Product Offerings
7.3.5 Eneos Recent Development
7.4 Sumitomo Corporation
7.4.1 Sumitomo Corporation Company Information
7.4.2 Sumitomo Corporation Introduction and Business Overview
7.4.3 Sumitomo Corporation Petroleum Needle Coke Sales, Revenue, Price and Gross Margin (2020-2025)
7.4.4 Sumitomo Corporation Petroleum Needle Coke Product Offerings
7.4.5 Sumitomo Corporation Recent Development
7.5 CNPC Jinzhou Petrochemical
7.5.1 CNPC Jinzhou Petrochemical Company Information
7.5.2 CNPC Jinzhou Petrochemical Introduction and Business Overview
7.5.3 CNPC Jinzhou Petrochemical Petroleum Needle Coke Sales, Revenue, Price and Gross Margin (2020-2025)
7.5.4 CNPC Jinzhou Petrochemical Petroleum Needle Coke Product Offerings
7.5.5 CNPC Jinzhou Petrochemical Recent Development
7.6 Sinopec
7.6.1 Sinopec Company Information
7.6.2 Sinopec Introduction and Business Overview
7.6.3 Sinopec Petroleum Needle Coke Sales, Revenue, Price and Gross Margin (2020-2025)
7.6.4 Sinopec Petroleum Needle Coke Product Offerings
7.6.5 Sinopec Recent Development
7.7 Shandong Yida New Materials
7.7.1 Shandong Yida New Materials Company Information
7.7.2 Shandong Yida New Materials Introduction and Business Overview
7.7.3 Shandong Yida New Materials Petroleum Needle Coke Sales, Revenue, Price and Gross Margin (2020-2025)
7.7.4 Shandong Yida New Materials Petroleum Needle Coke Product Offerings
7.7.5 Shandong Yida New Materials Recent Development
7.8 Liaoning Baolai
7.8.1 Liaoning Baolai Company Information
7.8.2 Liaoning Baolai Introduction and Business Overview
7.8.3 Liaoning Baolai Petroleum Needle Coke Sales, Revenue, Price and Gross Margin (2020-2025)
7.8.4 Liaoning Baolai Petroleum Needle Coke Product Offerings
7.8.5 Liaoning Baolai Recent Development
7.9 Shandong Jingyang
7.9.1 Shandong Jingyang Company Information
7.9.2 Shandong Jingyang Introduction and Business Overview
7.9.3 Shandong Jingyang Petroleum Needle Coke Sales, Revenue, Price and Gross Margin (2020-2025)
7.9.4 Shandong Jingyang Petroleum Needle Coke Product Offerings
7.9.5 Shandong Jingyang Recent Development
7.10 Weifang Fumei
7.10.1 Weifang Fumei Company Information
7.10.2 Weifang Fumei Introduction and Business Overview
7.10.3 Weifang Fumei Petroleum Needle Coke Sales, Revenue, Price and Gross Margin (2020-2025)
7.10.4 Weifang Fumei Petroleum Needle Coke Product Offerings
7.10.5 Weifang Fumei Recent Development

8 Industry Chain Analysis
8.1 Petroleum Needle Coke Industrial Chain
8.2 Petroleum Needle Coke Upstream Analysis
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.2.3 Manufacturing Cost Structure
8.3 Midstream Analysis
8.4 Downstream Analysis (Customers Analysis)
8.5 Sales Model and Sales Channels
8.5.1 Petroleum Needle Coke Sales Model
8.5.2 Sales Channel
8.5.3 Petroleum Needle Coke Distributors

9 Research Findings and Conclusion

10 Appendix
10.1 Research Methodology
10.1.1 Methodology/Research Approach
10.1.1.1 Research Programs/Design
10.1.1.2 Market Size Estimation
10.1.1.3 Market Breakdown and Data Triangulation
10.1.2 Data Source
10.1.2.1 Secondary Sources
10.1.2.2 Primary Sources
10.2 Author Details
10.3 Disclaimer

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