Press release
Needle Coke Market growing at CAGR of 15.11%, Driven by Demand for Graphite Electrodes and Lithium-Ion Batteries, Reports Mordor Intelligence
Needle Coke Market
Needle Coke Market Overview:
The global needle coke market is on a steady growth trajectory, with forecasts indicating a rise from 2.23 million metric tons in 2025 to 4.5 million metric tons by 2030. This growth reflects a compound annual growth rate (CAGR) of 15.11% over the forecast period. Needle coke, a specialized form of carbon material, plays a critical role in manufacturing graphite electrodes used in electric arc furnaces and lithium-ion batteries. Its unique properties-such as low coefficient of thermal expansion and high electrical conductivity-make it indispensable in high-performance applications.
As industries continue to prioritize energy efficiency and cleaner production methods, the demand for needle coke is expected to remain strong. The market is highly concentrated, with Asia-Pacific leading both in consumption and production, followed by North America and Europe. This press release explores the key trends, segmentation, and players shaping the future of the needle coke market.
Explore Full Report Details: https://www.mordorintelligence.com/industry-reports/needle-coke-market?utm_source=abnewswire [https://www.mordorintelligence.com/industry-reports/needle-coke-market?utm_source=marketersmedia]
Key Trends Driving the Needle Coke Market
Rising Demand for Graphite Electrodes in Steel Manufacturing
One of the primary applications of needle coke is in the production of graphite electrodes, which are essential for electric arc furnace (EAF) steelmaking. As global steel production increasingly shifts toward EAF methods-especially in regions like Asia-Pacific and North America-the need for high-quality needle coke continues to grow. EAFs are favored for their lower emissions and energy efficiency, aligning with broader environmental goals in the industrial sector.
Expanding Lithium-Ion Battery Market
Needle coke is also used in the anode material of lithium-ion batteries, which power everything from smartphones to electric vehicles. With the global push toward electrification and renewable energy storage, the lithium-ion battery market is expanding rapidly. This trend is expected to significantly boost the consumption of needle coke, particularly the petroleum-based variant known for its purity and consistency.
Asia-Pacific's Dominance in Production and Consumption
Asia-Pacific stands out as both the largest and fastest-growing region in the needle coke market. Countries like China, Japan, and India are investing heavily in steel production and battery manufacturing, driving regional demand. Additionally, the presence of major producers and favorable government policies contributes to the region's leadership in the market.
Explore Japanese Version: https://www.mordorintelligence.com/industry-reports/needle-coke-market?utm_source=abnewswire [https://www.mordorintelligence.com/industry-reports/needle-coke-market?utm_source=marketersmedia]
Market Segmentation: Product Types, Applications, and Regions
The needle coke market is segmented based on product type, application, and geography. Each segment offers insights into how the material is used and where demand is concentrated.
By Product Type:
* Petroleum-Based Needle Coke: Derived from decant oil, this type is preferred for its high purity and is widely used in battery applications.
* Coal-Tar Pitch-Based Needle Coke: Typically used in graphite electrodes, this variant is produced from coal tar distillation.
By Application:
* Graphite Electrodes: The largest application segment, driven by demand from the steel industry.
* Lithium-Ion Batteries: A growing segment fueled by the rise of electric vehicles and portable electronics.
* Other Applications: Includes specialty carbon products and aerospace components.
By Geography:
* Asia-Pacific: Largest and fastest-growing market, with significant production capacity.
* North America: Strong demand from steel and battery industries.
* Europe: Moderate growth, with focus on sustainable manufacturing.
* South America and Middle East & Africa: Emerging markets with potential for expansion.
Key Players in the Global Needle Coke Market
Several companies dominate the needle coke landscape, each contributing to supply stability and technological refinement. These players are involved in both upstream production and downstream applications, ensuring a well-integrated value chain.
* Baosteel Group: A major Chinese producer with extensive operations in steel and carbon materials.
* ENEOS Corporation: Based in Japan, ENEOS is known for its petroleum-based needle coke used in battery applications.
* GrafTech International: A U.S.-based company specializing in graphite electrode production, heavily reliant on needle coke.
* Mitsubishi Chemical Group Corporation: Offers a range of carbon materials, including needle coke for high-performance uses.
* Phillips 66: A key supplier of petroleum-based needle coke, serving both domestic and international markets.
Explore Chemicals and Materials Industry Research: https://www.mordorintelligence.com/market-analysis/chemicals-materials?utm_source=abnewswire [https://www.mordorintelligence.com/market-analysis/chemicals-materials?utm_source=marketersmedia]
Conclusion: Outlook for the Needle Coke Market
The needle coke market is set for robust growth through 2030, driven by its essential role in steelmaking and energy storage. With a projected volume of 4.5 million metric tons by the end of the forecast period, the market reflects strong industrial momentum. Asia-Pacific will continue to lead, supported by infrastructure development and manufacturing investments.
Explore Related Reports:
Activated Carbon Market: The Activated Carbon Market Report Segments the Industry by Raw Material (Coal-Based, Coconut-Shell-Based, and More), Form (Powdered Activated Carbon (PAC), Granular Activated Carbon (GAC), and Extruded/Pelletised Activated Carbon (EAC)), Application (Decolorization Treatment, Sugar Production, and More), End-User Industry (Water Treatment, Industrial Processing, and More), and Geography (Asia-Pacific, North America, and More).
Get Full Details: https://www.mordorintelligence.com/industry-reports/activated-carbon-market?utm_source=abnewswire [https://www.mordorintelligence.com/industry-reports/activated-carbon-market?utm_source=marketersmedia]
Biochar Market: The Biochar Market Report is Segmented by Technology (Pyrolysis, Gasification Systems, and More), Feedstock (Woody Biomass, Agricultural Residues, and More), Form (Powder, Pellets/Granules, and Liquid Suspension), Application (Agriculture, Animal Farming, and More), and Geography (Asia-Pacific, North America, Europe, South America, and Middle East and Africa). The Market Forecasts are Provided in Terms of Volume (Tons).
Get Full Details: https://www.mordorintelligence.com/industry-reports/biochar-market?utm_source=abnewswire [https://www.mordorintelligence.com/industry-reports/biochar-market?utm_source=marketersmedia]
About Mordor Intelligence:
Mordor Intelligence is a trusted partner for businesses seeking comprehensive and actionable market intelligence. Our global reach, expert team, and tailored solutions empower organizations and individuals to make informed decisions, navigate complex markets, and achieve their strategic goals. With a team of over 550 domain experts and on-ground specialists spanning 150+ countries, Mordor Intelligence possesses a unique understanding of the global business landscape. This expertise translates into comprehensive syndicated and custom research reports covering a wide spectrum of industries, including aerospace & defense, agriculture, animal nutrition and wellness, automation, automotive, chemicals & materials, consumer goods & services, electronics, energy & power, financial services, food & beverages, healthcare, hospitality & tourism, information & communications technology, investment opportunities, and logistics.
For any inquiries, please contact:
media@mordorintelligence.com
https://www.mordorintelligence.com/contact-us
Media Contact
Company Name: Mordor Intelligence Private Limited
Contact Person: Jignesh Thakkar
Email:Send Email [https://www.abnewswire.com/email_contact_us.php?pr=needle-coke-market-growing-at-cagr-of-1511-driven-by-demand-for-graphite-electrodes-and-lithiumion-batteries-reports-mordor-intelligence]
Phone: +1 617-765-2493
Address:11th Floor, Rajapushpa Summit, Nanakramguda Rd, Financial District, Gachibowli
City: Hyderabad
State: Telangana 500008
Country: India
Website: https://www.mordorintelligence.com/industry-reports/needle-coke-market
Legal Disclaimer: Information contained on this page is provided by an independent third-party content provider. ABNewswire makes no warranties or responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you are affiliated with this article or have any complaints or copyright issues related to this article and would like it to be removed, please contact retract@swscontact.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Needle Coke Market growing at CAGR of 15.11%, Driven by Demand for Graphite Electrodes and Lithium-Ion Batteries, Reports Mordor Intelligence here
News-ID: 4238787 • Views: …
More Releases from ABNewswire
Sweetwater Labs Marks 7 Years in Business, Backed by a Decade of Research and Ce …
Sweetwater Labs began with one mission: to create natural skincare that truly works and elevates every day rituals. Today, this New York-based brand-born from apothecary wisdom and botanical science-has grown into a trusted name with a loyal customer base. The brand has been featured in Oprah's Gift Issue, Vogue, People, and more. After ten years of research, the products are loved for repairing, calming and revitalizing skin-helping customers look and…
Cliff Kerr Publishes One Drop Identity: A Memoir in Black & White on Amazon
A new memoir by author Cliff Kerr, One Drop Identity: A Memoir in Black & White [https://www.amazon.com/ONE-DROP-IDENTITY-Memoir-Black/dp/B0FH6PXF12], has been released and is now available on Amazon.
The story, which is set in 1950s Boston, follows the story of a light-skinned boy spending his childhood in a fatherless home during a time of strong racial and social divisions. The memoir explores how racial identity in a society defines individuals by skin color…
Xander 042 Unveils Visual Masterpiece for "Guarantee" - A Bold, Creative Music V …
Video Title: Guarantee (Official Video)
Image: https://www.abnewswire.com/upload/2025/10/b19ef48f8845606ac12cf04285e18ede.jpg
Fast-rising music sensation Xander 042 has officially released the long-awaited music video for his hit single "Guarantee," delivering a bold visual experience that blends storytelling, energy, and artistic symbolism. The new video is now available on YouTube and all major digital platforms.
Directed with an eye for cinematic detail, the "Guarantee" official video pushes creative boundaries. Xander 042 steps into an unforgettable world, featuring zombie-themed characters,…
Questions to Ask the Food Trailer Manufacturer Before Ordering
Image: https://cp.adsy.com/upload/images/2025/10/23/image_68fa76682c986.jpeg
Ordering a food trailer is one of the biggest investments you can make when launching a mobile food business. The trailer you choose will shape how efficiently you serve customers, how comfortable your staff feels during long shifts, and how quickly you can expand or adapt your concept. With so much riding on this decision, the conversation you have with a food trailer manufacturer [https://qualityfoodtrailers.com/] before placing your order…
More Releases for Needle
The culmination of needle valve structure - integral forged two-piece stem NV1 n …
Image: https://www.hikelok.com/uploads/nv+.jpg
As a comprehensive needle valve, NV1 needle valve [https://www.hikelok.com/nv1-needle-valves/] has become the most widely used needle valve [https://www.hikelok.com/needle-valves/] type in Hikelok. So why is this needle valve called a comprehensive needle valve, and what are the reasons for it becoming the most widely used needle valve?
Firstly, it is a needle valve forged as a whole. What does' whole 'mean? Simply put, it means merging the valve body and bonnet…
Needle Destroyer Market Insights and Future Outlook for Safe Needle Disposal in …
The Needle Destroyer market report on the industry provides a thorough analysis of the different methods and materials employed in the manufacturing of Needle Destroyer market goods.. Key regions that are speeding up marketization are used to segment the market study. The scope of various market segments and applications that may have future market influence is also provided in this section. The comprehensive data is predicated on historical turning points…
Endoscopy Needle Holder Market Reliable and Efficient Needle Control for Endosco …
Global Endoscopy Needle Holder Market Overview:
The Endoscopy Needle Holder market is a broad category that includes a wide range of products and services related to various industries. This market comprises companies that operate in areas such as consumer goods, technology, healthcare, and finance, among others.
In recent years, the Endoscopy Needle Holder market has experienced significant growth, driven by factors such as increasing consumer demand, technological advancements, and globalization. This growth…
Needle Destruction Devices Market - Efficiency and Reliability: Needle Destructi …
Newark, New Castle, USA: The "Needle Destruction Devices Market" provides a value chain analysis of revenue for the anticipated period from 2023 to 2031. The report will include a full and comprehensive analysis of the business operations of all market leaders in this industry, as well as their in-depth market research, historical market development, and information about their market competitors.
Needle Destruction Devices Market: https://www.growthplusreports.com/report/needle-destruction-devices-market/8442
This latest report researches the industry structure,…
Sewing Machine Needle Market Future Outlook 2023-2029, Industry Demand, Trends, …
The Sewing Machine Needle Market research report incorporates the scope and objective of the study. Moreover, the report highlights key market segments and players covered. It also covers industry trends, focusing on market use cases and top market size by region, market trends, and Global market size. Moreover, the Sewing Machine Needle Market research report covers market growth rate and market share by region. Sewing Machine Needle, regional marketing analysis,…
Massive Growth of Dental Needle Market 2021-2028: Analysed by Business Growth, D …
The persuasive Dental Needle Market research report contains market insights and analysis for Industry which are backed up by SWOT analysis. This marketing report examines market drivers, market restraints, challenges, opportunities and key developments in the Industry. The business report provides complete knowledge and information of rapidly changing market landscape, what is already there in the market, future trends or market expectations, the competitive environment, and competitor strategies that aids…
