The Global Needle Coke Market Research Report by Emergen Research was developed via analysis of key commercial data and a broad geographic distribution. The study provides comprehensive coverage of the qualitative and quantitative analyses of the Needle Coke Market in addition to significant market statistical data. Both current estimates through 2022 and historical data from 2018 to 2019 are provided in the research paper. The study also examines established and emerging market players, providing a broad overview of the company, its product line, commercial alliances, and expansion ambitions.

According to the most recent analysis by Emergen Research, the size of the global Needle Coke market was USD 2,293.5 billion in 2021 and is projected to grow at a rate of 8.7% during the forecast period. One of the main drivers boosting market revenue growth is the rising production of graphite electrodes for the steel sector, particularly in emerging nations, the rising use of smart devices, and the strong demand for graphite batteries. In order to create graphite electrodes with a very low Coefficient of Thermal Expansion, manufacturers use needle coke, a premium-grade, high-value petroleum coke (CTE). The steel manufacturing sector uses these graphite electrodes in electric arc furnaces (EAFs) to melt scrap metal and make steel.

The demand for semiconductors, as well as numerous metals, materials, and components from industries such as aerospace military, building construction, automotive, marine, and oil gas, among others, is increasing. Needle coke is widely utilised in the production of synthetic graphite and anode material for lithium-ion batteries, which are employed in electric vehicles, due to its low thermal expansion coefficient, low porosity, and high conductivity (EVs). The largest raw material by volume used in lithium-ion batteries is graphite. The market for needle coke is experiencing revenue growth as a result of the surge in EV demand brought on by rising environmental impact, rising carbon emissions, and supportive government initiatives for a green and low-carbon economy.

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The study outlines the rapidly evolving and growing market segments along with valuable insights into each element of the industry. The industry has witnessed the entry of several new players, and the report aims to deliver insightful information about their transition and growth in the market. Mergers, acquisitions, partnerships, agreements, product launches, and joint ventures are all outlined in the report.

The leading market contenders listed in the report are:

Asbury Carbons, Baosteel Group Co., GrafTech International, Indian Oil Corporation Ltd., Mitsubishi Chemical Holdings Corporation, Nippon Steel Chemical Material Co. Ltd., Phillips 66 Company, Posco Chemical, Sumitomo Corporation, and China National Petroleum Corporation

Target Audience of the Global Needle Coke Market Report:

• Key Market Players
• Investors
• Venture capitalists
• Small- and medium-sized and large enterprises
• Third-party knowledge providers
• Value-Added Resellers (VARs)
• Global market producers, distributors, traders, and suppliers
• Research organizations, consulting companies, and various alliances interested in this sector
• Government bodies, independent regulatory authorities, and policymakers

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Major Geographies Analyzed in the Report:

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

Market Segmentations of the Needle Coke Market

This market is segmented based on Types, Applications, and Regions. The growth of each segment provides accurate forecasts related to production and sales by Types and Applications, in terms of volume and value for the period between 2022 and 2030. This analysis can help readers looking to expand their business by targeting emerging and niche markets. Market share data is given on both global and regional levels. Regions covered in the report are North America, Europe, Asia Pacific, Latin America, and Middle East Africa. Research analysts assess the market positions of the leading competitors and provide competitive analysis for each company. For this study, this report segments the global Needle Coke market on the basis of product, application, and region:

Segments Covered in this report are:

• Product Type Outlook (Revenue, USD Million, Volume, Kilotons; 2019-2030)
• Coal-based Needle Coke
• Petroleum-Based Needle Coke
1. Shaft Calciner
2. Rotary Kiln

• Grade Outlook (Revenue, USD Million, Volume, Kilotons; 2019-2030)
• Intermediate Grade
• Premium Grade
• Super-Premium Grade

• Application Outlook (Revenue, USD Million, Volume, Kilotons; 2019-2030)
• Graphite Electrodes
• Silicon Metal and Ferroalloys
• Lithium-ion Anode
• Carbon Black
• Rubber Compounds
• Others

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Some Key Highlights From the Report

• Petroleum-based needle coke segment accounted for relatively large revenue share in 2021. Increasing production of synthetic graphite electrodes for electric arc furnaces in the steel industry and lithium-ion battery anode material has significantly increased demand for petroleum-based needle coke.
• Super-premium grade segment accounted for largest revenue share in 2021. Super-premium grade needle coke is being increasingly adopted owing to low sulfur content and exceptional inherent properties such as low puffing rate, low coefficient of thermal expansion, and larger particle size, which allow 5% higher productivity in steel recycling.
• Graphite electrodes segment accounted for largest revenue share in 2021. Graphite has properties such as high thermal conductivity and heat resistant, which can be used under harsh conditions such as in high-temperature atmospheres. Low thermal expansion coefficients property of graphite enables use as the main heating element in an electric arc furnace.
• Needle coke market in Asia Pacific accounted for largest revenue share in 2021. Growing automotive sector along with rapid expansion of the steel industry in countries in the region are key factors driving increased demand for aluminum in Asia Pacific. Steel is widely utilized in building and construction sector owing to strength and durability, ductility, and resistance. Rapid urbanization and infrastructure development in various developing countries is driving rapid demand for steel and other materials from the construction sector. Moreover, Asia Pacific is a major consumer for semiconductors, accounting for over 50% of global consumption owing to major electronics market along with expanding automotive sector.

Additional information offered by the report:

• Along with a complete overview of the global Needle Coke market, the report provides detailed scrutiny of the diverse market trends observed on both regional and global levels.
• The report elaborates on the global Needle Coke market size and share governed by the major geographies.
• It performs a precise market growth forecast analysis, cost analysis, and a study of the micro- and macro-economic indicators.
• It further presents a detailed description of the company profiles of the key market contenders.

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