The global needle coke market size was US$ 4.10 billion in 2021. The global needle coke market size is forecast to reach US$ 8.76 billion by 2030, growing at a compound annual growth rate (CAGR) of 8.8% during the forecast period from 2022 to 2030.
The primary raw material used to manufacture graphite electrodes in the steel and aluminum industries is needle coke. The coke has exceptional properties including, high-temperature resistance, electrical resistance, oxidizability, and CTE (Coefficient of Thermal Expansion). Over 40% of the raw material cost of graphite electrodes goes to needle coke. More than 40% of the raw material cost of graphite electrodes comes from needle coke. Needle coke is also known as acicular coke. It is a very crystalline petroleum coke used in the manufacture of electrodes for aluminum and steel. Electrodes have to be replaced regularly, which makes them valuable.
Factors Influencing Market Growth
Impact Analysis of COVID-19
The COVID-19 pandemic has affected the global steel industry due to lockdowns that disrupt automotive and steel production. Electric vehicle sales slowed in 2020 due to supply chain disruptions, which caused a decline in lithium-ion consumption. However, several lithium-ion manufacturers shifted production in order to meet increasing emergency demand for ventilators, a vital piece of ICU equipment. In spite of this, the sudden recession and disruption in the supply-demand chain have slowed overall market revenue growth.
Regional insights
The Asia Pacific accounted for the largest revenue share of the needle coke market in 2020. Aluminum consumption in the Asia Pacific has increased due to the booming automotive industry and the steel industry's rapid expansion. Due to its durability, ductility, and resistance, steel is widely used in the building and construction sector in the Asia Pacific, driving increased production. China contributes significantly more revenue than other countries in the region.
Despite the steady growth of end-use industries in North America, the North American market held a significant revenue share in 2020. Demand for electric vehicles and needle coke in the construction and building industry contributes to market revenue growth. With the trend toward cleaner fuel technology and the search for consistently high quality, high purity needle cokes, these factors are likely to drive the needle coke market in North America.
Leading Competitors
The leading prominent companies profiled in the global needle coke market are:
Scope of the Report
The global needle coke market segmentation focuses on Product Type, Grade, Application, End-Use, and Region.
Segmentation based on Product Type
Segmentation based on Grade
Segmentation based on Application
Segmentation based on End-Use
Segmentation based on Region
Table of Content
1. INTRODUCTION OF GLOBAL NEEDLE COKE MARKET
1.1. Overview of the Market
1.2. Scope of Report
1.3. Assumptions
2. EXECUTIVE SUMMARY
3. RESEARCH METHODOLOGY
3.1. Data Mining
3.2. Validation
3.3. Primary Interviews
3.4. List of Data Sources
4. GLOBAL NEEDLE COKE MARKET OUTLOOK
4.1. Overview
4.2. Market Dynamics
4.2.1. Drivers
4.2.2. Restraints
4.2.3. Opportunities
4.3. Porters Five Force Model
4.4. Value Chain Analysis
5. GLOBAL NEEDLE COKE MARKET, BY TYPE
5.1. Overview
5.2. Petroleum Based
5.3. Coal Based
6. GLOBAL NEEDLE COKE MARKET, BY GRADE
6.1. Overview
6.2. Base Premium
6.3. Intermediate Premium
6.4. Super Premium
7. GLOBAL NEEDLE COKE MARKET, BY APPLICATION
7.1. Overview
7.2. Graphite Electrode
7.3. Special Carbon Material
7.4. Others
8 MARKET, BY GEOGRAPHY
8.1 OVERVIEW
8.2 NORTH AMERICA
8.2.1 NORTH AMERICA MARKET SNAPSHOT
8.2.2 U.S.
8.2.3 CANADA
8.2.4 MEXICO
8.3 EUROPE
8.3.1 EUROPE MARKET SNAPSHOT
8.3.2 Western Europe
8.3.2.1The UK
8.3.2.2Germany
8.3.2.3France
8.3.2.4Italy
8.3.2.5Spain
8.3.2.6Rest of Western Europe
8.3.3Eastern Europe
8.3.3.1Poland
8.3.3.2Russia
8.3.3.3Rest of Eastern Europe
8.4 ASIA PACIFIC
8.4.1 ASIA PACIFIC MARKET SNAPSHOT
8.4.2 CHINA
8.4.3 JAPAN
8.4.4 INDIA
8.4.5 Australia & New Zealand
8.4.6 ASEAN
8.4.7 Rest of Asia Pacific
8.5 Middle East & Africa
8.5.1 MIDDLE EAST & AFRICA MARKET SNAPSHOT
8.5.2 UAE
8.5.3 Saudi Arabia
8.5.4 South Africa
8.5.5 Rest of MEA
8.6 South America
8.6.1 SOUTH AMERICA MARKET SNAPSHOT
8.6.2 Brazil
8.6.3 Argentina
8.6.4 Rest of South America
9. GLOBAL NEEDLE COKE MARKET COMPETITIVE LANDSCAPE
9.1. Overview
9.2. Company Market Ranking
9.3. Key Development Strategies
10. COMPANY PROFILES
10.1. Baotailong New Materials Co., Ltd.
10.1.1 Overview
10.1.2 Financial Performance
10.1.3 Product Outlook
10.1.4 Key Developments
10.2. C-Chem Co., Ltd.
10.2.1. Overview
10.2.2. Financial Performance
10.2.3. Product Outlook
10.2.4. Key Developments
10.3. Fangda Carbon New Material Co., Ltd.
10.3.1. Overview
10.3.2. Financial Performance
10.3.3. Product Outlook
10.3.4. Key Developments
10.4. Indian Oil Corporation Ltd.
10.4.1. Overview
10.4.2. Financial Performance
10.4.3. Product Outlook
10.4.4. Key Developments
10.5. JXTG Nippon Oil & Energy
10.5.1. Overview
10.5.2. Financial Performance
10.5.3. Product Outlook
10.5.4. Key Developments
10.6. Phillips 66
10.6.1. Overview
10.6.2. Financial Performance
10.6.3. Product Outlook
10.6.4. Key Developments
10.7. Reliance Industries Ltd.
10.7.1. Overview
10.7.2. Financial Performance
10.7.3. Product Outlook
10.7.4. Key Developments
10.8. Seadrift Coke
10.8.1. Overview
10.8.2. Financial Performance
10.8.3. Product Outlook
10.8.4. Key Developments
10.9. Shanxi Hongte Coal Chemical Industry
10.9.1. Overview
10.9.2. Financial Performance
10.9.3. Product Outlook
10.9.4. Key Developments
10.10. Shijiazhuang Deli Chemical Co., Ltd.
10.10.1. Overview
10.10.2. Financial Performance
10.10.3. Product Outlook
10.10.4. Key Developments
著作権 ©2022 無断複写・転載を禁じます
