The global Needle Coke Market is forecasted to be worth USD 5.88 Billion by 2027, according to a current analysis by Emergen Research. The demand for needle coke is growing due to the production of graphite electrodes for the steel industry. These electrodes are also used to scrap substitute and melt steel scrap. It is also employed in the manufacture of synthetic graphite other applications, including anode material for lithium-ion batteries that are used in an electric vehicle. Graphite is the largest input material in lithium-ion batteries by volume. The Tesla Model S contains up to 85kg of graphite.
The report provides detailed insights into Needle Coke market revenue trends, industry trends, consumer trends, market size, market share, market revenue growth drivers, and forecast, along with ranging impact of each factor and driver. It also provides analysis of various factors expected to restrain or limit potential growth in Needle Coke market size over the forecast period, 2020–2028. The report includes profiles of major players in the Needle Coke market, strategies being employed, mergers, acquisitions, recent developments, agreements, contracts, new product development and launches, segment revenue, investment details as well as financials.
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Global Needle Coke market revenue growth is primarily driven by a variety of factors and trends, some of which include rising focus by major companies on product/service expansion into new and untapped domestic and international markets, rising investments in strategic agreements and mergers, and rapidly growing competition in the Needle Coke market.
The surge in energy vehicles increases the consumption of needle coke in electric vehicles. The rise in demand for steel recycling is assumed to augment market growth in the coming years. Volatility in the global natural gas and crude oil due to the demand and supply fluctuations will limit market growth. There is also a growing demand for the needle coke product from various end-use industries like construction and oil and gas. It acts as a raw material in steel recycling and application in engineering, automobile, and aerospace.
Rising focus by major companies on product/service expansion into new and untapped domestic markets, increasing investments in strategic agreements, favourable government policies and regulations, and growing competition in the market are some major trends observed in the Needle Coke market. Development of more advanced offerings is driving rising demand and deployment in respective sectors/industries, and this is expected to drive Needle Coke market revenue growth to a significant extent over the forecast period.
Top key vendors in Needle Coke Market include are:
- Key participants include Mitsubishi Chemical Corporation, Phillips 66, Graftech International, Indian Oil Corporation Limited, Sumitomo Chemical Company, Sojitz Ject Corporation, China National Petroleum Corporation, Baosteel Group, Asbury Carbon Inc., and Graphite India Limited, among others.
For the purpose of this report, Emergen Research has segmented into the global Needle Coke Market on the basis of product type, grade, application, and region:
- Product Type Outlook (Revenue, USD Billion; 2017-2027)
- Coal-Based Needle Coke
- Petroleum-Based Needle Coke
- Grade Outlook (Revenue, USD Billion; 2017-2027)
- Super-Premium Grade
- Premium Grade
- Intermediate-Premium Grade
- Application Outlook (Revenue, USD Billion; 2017-2027)
- Silicon Metal Ferroalloys
- Carbon Black
- Rubber Compounds
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Incorporated with Info-graphics, charts, 70 tables and 85 figures, this 250-page research report “Needle Coke Market Size, Type, Application, End-Use Industry, Regional Outlook, Competitive Strategies and Forecasts, 2020 - 2027” is based on a complete research of the entire Global market and covering all its sub-segments through comprehensively thorough classifications. Insightful analysis and assessment are created from superior primary and secondary information sources with data and information derived from industry specialists across the value chain.
Region wise performance of the Needle Coke industry
North America Needle Coke market revenue growth was relatively higher than that of other regional markets in 2020. North America market revenue is expected to continue to remain dominant over the forecast period, supported majorly by robust presence of major players in countries in the region and expansion of overall economic Needle Coke growth strategies and initiatives.
Asia Pacific Needle Coke market revenue registered the fastest growth rate in 2020, and this trend is expected to continue over the forecast period. Asia Pacific Needle Coke market revenue growth is driven by significant market revenue contribution from China, India, and South Korea. Increasing population, favorable government policies and initiatives, and availability of more advanced technologies, services, and offerings in these countries are some key factors driving Needle Coke market revenue growth in Asia Pacific.
Europe Needle Coke market revenue is expected to continue to remain steady over the forecast period. This can be attributed to changing Needle Coke market trends in countries in other major regions and robust focus on research and development initiatives by major firms in the region with the objective to leverage opportunities and drive Needle Coke revenue growth.
Geographically, this report studies the key regions, focuses on product sales, value, market share and growth opportunity in these regions, covering:
- United States
- Southeast Asia
We can also provide the customized separate regional or country-level reports, for the following regions:
North America, United States, Canada, Mexico, Asia-Pacific, China, India, Japan, South Korea, Australia, Indonesia, Singapore, Rest of Asia-Pacific, Europe, Germany, France, UK, Italy, Spain, Russia, Rest of Europe, Central South America, Brazil, Argentina, Rest of South America, Middle East Africa, Saudi Arabia, Turkey, Rest of Middle East Africa
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The research provides answers to the following key questions:
- What will be the growth rate and the market size of the Needle Coke industry for the forecast period 2020-2027?
- What are the major driving forces expected to impact the development of the Needle Coke market across different regions?
- Who are the major driving forces expected to decide the fate of the Needle Coke industry worldwide?
- Who are the prominent market players making a mark in the Needle Coke market with their winning strategies?
- Which Needle Coke industry trends are likely to shape the future of the industry during the forecast period 2020-2027?
- What are the key barriers and threats believed to hinder the development of the industry?
- What are the future opportunities in the Needle Coke market?
Table of Content
Chapter 1. Methodology Sources
1.1. Needle Coke Market Definition
1.2. Research Scope
1.4. Research Sources
1.4.3. Paid Sources
1.5. Needle Coke Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2021-2028
Chapter 3. Key Insights
Chapter 4. Needle Coke Market Segmentation Impact Analysis
4.1. Needle Coke Market Material Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Needle Coke Market indicators analysis
4.2.2. Needle Coke Market drivers analysis
188.8.131.52. Rapid urbanization and industrialization
184.108.40.206. Stringent government regulations regarding carbon emissions
220.127.116.11. Increasing prevalence of respiratory diseases
18.104.22.168. Rising need to enhance indoor air quality
4.2.3. Needle Coke Market restraints analysis
22.214.171.124. High cost associated with the maintenance of Needle Coke products
126.96.36.199. Availability of renewable sources of energy
4.3. Technological Insights
4.4. Regulatory Framework
4.5. Porter’s Five Forces Analysis
4.6. Competitive Metric Space Analysis
4.7. Price trend Analysis
4.8. Covid-19 Impact Analysis
Chapter 10. Competitive Landscape
10.1. Needle Coke Market Revenue Share By Manufacturers
10.2. Mergers Acquisitions
10.3. Competitor’s Positioning
10.4. Strategy Benchmarking
10.5. Vendor Landscape
10.5.1. Raw Material Suppliers
10.5.1.1. North America
10.5.1.3. Asia Pacific
10.5.1.4. Middle East Africa
10.5.1.5. Latin America
10.5.2.1. North America
10.5.2.3. Asia Pacific
10.5.2.4. Middle East Africa
10.5.2.5. Latin America
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