Needle Coke Market Size, Trend, Top Key Players, Growth and Forecast Till 2027

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The needle coke market is estimated to grow at a CAGR of 6.4% to reach a valuation of USD 5.85 billion by 2027, from its current valuation of 3.59 billion in 2019.

The needle coke market is estimated to grow at a CAGR of 6.4% to reach a valuation of USD 5.85 billion by 2027, from its current valuation of 3.59 billion in 2019. Needle coke, also called high-value petroleum, is a petrol high technology-intensive product and is a primary raw material used in the manufacturing of graphite electrodes for arc furnaces and lithium-ion batteries in the steel industry. It constitutes about 40% or more of the raw material costs in the manufacturing of graphite electrodes. It has remarkable properties such as high-temperature resistance, high electrical resistance, structural characteristics, and several others.

Top Companies Operating in the Global Needle Coke Market:

Phillips 66, Graphite India Limited, Baosteel Group, Sojitz Ject Corporation, China National Petroleum Corporation, Asbury Carbon Inc., Indian Oil Corporation Ltd., Graftech International, Sumitomo Chemical Company, and Mitsubishi Chemical Corporation

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The Needle Coke market investigation report assesses the global market for the Needle Coke industry and provides revenue and capability forecasts for the projected period of 2027. The factors that drive the industry's growth are highlighted in the report. The report divides the Needle Coke market into main categories such as forms, applications, end-users, technology, and others for a better understanding. These segments are thoroughly examined in order to provide a more accurate outlook for the global and regional markets. The report also examines the industry's major players, including their product portfolios, company overviews, strategic growth strategies, revenue generation, market share and market size, geographic presence, and development and manufacturing capabilities.

Market Overview:

Consumers are placing a higher importance on sustainability and, as a result, are choosing items based on factors like circularity and carbon footprint. Furthermore, consumer concern about carbon emissions has prompted increased investment in renewable energy, energy efficiency, and transportation decarbonization. These developments have had considerable impact on chemical end sectors, particularly in the automobile and construction industries. COVID-19 has exacerbated the situation by lowering the automobile and construction industries (as well as many others) and disrupting current supply lines.

The adoption of digital technologies by oil, gas, and chemical firms has been fueled primarily by cost savings and greater reliability. Many organizations in these areas saw excellent benefits from advanced market sensing, improved operational optimization, and expanded usage of "in silico" simulations. Companies' existing digital technologies provided an advantage with the abrupt entrance of COVID-19 and the accompanying shutdown of facilities and work sites, but they were often insufficient for the level of remote working and cybersecurity that was suddenly required.

The report is written with the aid of industry analysts, market segmentation, and data collection in order to assist readers in making profitable business decisions. The report includes a comprehensive database of technical and product advances. It also provides information on growth rates and market value, as well as a thorough examination of niche market segments. The report provides strategic advice to newcomers and existing businesses about how to make profitable and well-informed business decisions.

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The Needle Coke market has been segmented into key regions of the world and offers an analysis of growth rate, market share, current and emerging trends, production and consumption ratio, industrial chain analysis, demand and supply, import and export, revenue contribution, and presence of key players in each region. A country-wise analysis of the market is offered in the report to gain a better understanding of the regional spread and progress of the Needle Coke market.

The global Needle Coke market is segmented into:

  • North America (U.S.A., Canada, Mexico)
  • Europe (Italy, U.K., Germany, France, Rest of Europe)
  • Asia Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
  • Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
  • Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

Further market segmentation

Product Type Outlook (Volume, Kilo Tons; 2017-2027 and Revenue, USD Million; 2017-2027)

  • Coal-Based
  • Petroleum-Based

Grade Outlook (Volume, Kilo Tons; 2017-2027 and Revenue, USD Million; 2017-2027)

  • Super-premium Grade
  • Premium Grade
  • Intermediate-Premium Grade

Application Outlook (Volume, Kilo Tons; 2017-2027 and Revenue, USD Million; 2017-2027)

  • Electrodes
  • Silicon Metal Ferroalloys
  • Carbon Black
  • Rubber Compounds
  • Others

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