Published on : Jul 05, 2018
Albany, New York, July 5, 2018: An insightful study, covering global market landscape of needle coke market has been publicized to the vast archive of Market Research Hub (MRH), which is titled as “Needle Coke Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 – 2026”. This 350-page study provides a detailed insight into key drivers and restraints, notable trends, share and size of various segments, and competitive landscape. For the benefit of the readers, the report provides a complete perspective on the market’s growth on the basis of revenue in US$ Mn, covering different geographical regions namely Europe, Latin America, North America, Asia Pacific and MEA.
Needle coke is a highly crystalline coke primarily used for the production of graphite electrodes for EAF steel and lithium-ion batteries. Therefore, the global needle coke market is driven by expansion in the graphite electrode manufacturing industry. In terms of value, the global needle coke market is anticipated to expand at a steady CAGR 4.0% from 2018 to 2026 and reach US$ 5.18 Bn by 2026, as stated in the research study.
In order to provide a comprehensive view of the market, the research highlights key market segments such as type, grade and application. By type, the study covers petroleum derived, and coal tar pitch derived. By grade, it covers intermediate, super premium and premium. Application-wise segmentation includes graphite electrode, lithium-ion batteries and others (specialty carbon, etc.). It has been analyzed that the usage of needle coke is rising in the manufacture of lithium-ion batteries owing to the increase in demand for electric vehicles.
The needle coke market in the Asia Pacific is projected to expand at a CAGR of more than 5.0% during the mentioned forecast period owing to the presence of a large number of manufacturers of graphite electrode in the region. A major fact has been studied in the market that major players are expanding their production capacities to increase their market share. Several players have announced plans to build new EAF steel plants. This is anticipated to boost the demand for graphite electrodes. This, in turn, is estimated to increase the demand for needle coke.
The last part of the report comprises the competition landscape, which features significant players operating in the global needle coke market and contains important information about these companies. Key players operating in the needle coke market include Phillips 66, JXTG Holdings, Inc., Sinosteel Anshan Research Institute of Thermo-Energy Co., Ltd., Shanxi Hongte Coal Chemical Co Ltd., Baotailong New Material Co., Ltd., Petrochina International Jinzhou Petrochemical Co., Ltd., Indian Oil Corporation Ltd., Bao-steel Group, C-Chem CO., LTD., Mitsubishi Chemical Corporation, Seadrift Coke LP, Sinopec Shanghai Petrochemical Company Limited, Shijiazhuang Deli Chemical Co., Petroleum Coke Industries Co. (K.S.C), Petrocokes Japan Ltd., and FangDa Carbon New Material Co. Ltd.
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