Petroleum Needle Coke Market Emerging Trends and Global Expansion Opportunities 2025-2031 | At a CAGR of 22.6%

Los Angeles, United States - QY Research has unveiled its latest study titled "Global Petroleum Needle Coke Market Share and Ranking, Overall Sales and Demand Forecast 2025-2031." This newly released report delivers a comprehensive overview of the global Petroleum Needle Coke market, analyzing the forces shaping its growth trajectory and providing valuable insights for stakeholders, investors, and industry professionals. the research covers key areas including market dynamics, segmentation, regional performance, competitive landscape, and emerging technology trends that are redefining industry standards. Backed by reliable data and expert analysis, the report serves as a trusted guide to understanding both microeconomic and macroeconomic factors driving market evolution.

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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Needle coke is a high-quality variety of carbon materials that has been vigorously developed. It has a silver-gray, metallic-luster porous solid appearance. Its structure has obvious flow texture, large and few pores and slightly elliptical. The particles have a large aspect ratio, a fibrous or needle-like texture, and feel lubricated. It is the raw material for producing high-end carbon products such as electric arc furnace steelmaking, special carbon materials, carbon fiber and its composite materials.

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.

Competitive Landscape: -

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

The competitive landscape is a must-have information for the market players to withstand the competition present in the global Petroleum Needle Coke market. This further helps the market participants to develop effective strategies to optimize their market positions. Moreover, the competitive analysis helps them to determine potential advantages as well as barriers within the global Petroleum Needle Coke market. This way, they can monitor how their competitors are implementing various strategies including pricing, marketing, and distribution.

Market Drivers and Restraints -

This section of the Petroleum Needle Coke report discusses various drivers and restrains that have shaped the global market. The detailed study of numerous drivers of the market enable readers to get a clear perspective of the market, which includes market environment, government policies, product innovations, breakthroughs, and market risks.

The research report also points out the myriad opportunities, challenges, and market barriers present in the global Petroleum Needle Coke market. The comprehensive nature of the information will help the reader determine and plan strategies to benefit from. Restrains, challenges, and market barriers also help the reader to understand how the company can prevent itself from facing downfall.

Regional Insights -

The report takes readers on a journey through four key regions: United States, Asia-Pacific, and EMEA. Key nations like the United States, Germany, the United Kingdom, China, Japan, South Korea, and more are thoroughly examined. The data is presented in a timeline from 2024 as the base year, with projections extending to 2031.

North America: United States, Canada, Mexico

Latin America: Brazil and other key markets

Asia Pacific: China, Japan, South Korea, India, ASEAN countries

Europe, Middle East & Africa (EMEA): Major European economies, GCC countries, and African nations

The report provides a region-wise breakdown of market share, consumption trends, and future prospects.

Detailed of Petroleum Needle Coke Market Segmentation -

The report offers great insights into important segments of the global Petroleum Needle Coke market while concentrating on their CAGR, market size, market share, and future growth potential. The global Petroleum Needle Coke market is mainly segmented according to type of product, application, and region. Each segment in these categories is extensively researched to become familiar with their growth prospects and key trends. Segmental analysis is highly important to identify key growth pockets of a global market. The report provides specific information on the market growth and demand of different products and applications to help players to focus on profitable areas of the global Petroleum Needle Coke market.

Segmentation By Type :-

Electrode Coke
Negative Coke

Segmentation By Application -

Electric Arc Furnace Steelmaking
Automobile
Consumer Electronics
Others

This segmentation helps identify high-growth opportunities and niche segments for investors and businesses.

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Why This Report is a Must-Have -

ᗒ Historical Analysis (2020-2024) & Forecasts (2025-2031): Gain a clear understanding of market trends and future growth potential.

ᗒ Comprehensive Market Segmentation: Detailed breakdown by Type, Application, and Region to identify lucrative opportunities.

ᗒ Competitive Landscape: Insights into key players, their market share, and strategic developments like mergers, acquisitions, and expansion plans.

ᗒ Drivers & Restraints: Understand the factors shaping the market's growth and the challenges that could impact your strategy.

ᗒ Expert Opinions & Market Dynamics: Benefit from expert analysis to navigate market risks and capitalize on emerging trends.

Petroleum Needle Coke Market Report Objectives -

(1) Analyzing the size of the global Petroleum Needle Coke market on the basis of value and volume

(2) Accurately calculating the market shares, consumption, and other vital factors of different segments of the global Petroleum Needle Coke market

(3) Exploring key dynamics of the global Petroleum Needle Coke market

(4) Highlighting important trends of the global Petroleum Needle Coke market in terms of production, revenue, and sales

(5) Deeply profiling top players of the global Petroleum Needle Coke market and showing how they compete in the industry

(6) Studying manufacturing processes and costs, product pricing, and various trends related to them

(7) Showing the performance of different regions and countries in the global Petroleum Needle Coke market

(8) Forecasting the market size and share of all segments, regions, and the global market.

Important Questions Answered included in the Report:-

(A) What is the market size and growth rate of the global and regional market by various segments?

(B) What is the market size and growth rate of the market for selective Countries?

(C) Which region or sub-segment is expected to drive the market in the forecast period?

(D) What factors are estimated to drive and restrain the market growth?

(E) What are the key technology and market trends shaping the market?

(F) what are the key opportunity in the market?

(G) Who are the leading manufacturers operating in the global Petroleum Needle Coke market?

(H) Which key player accounted for the highest market share?

(I) What are the growth opportunities for the new entrants in the global Petroleum Needle Coke market?

Table of Contents - Major Key Points:

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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