Needle Coke Market Forecast, Trend, Marketing Channels, Major Industry Participants and Strategies To 2027

Market Size – USD 3,427.7 Million in 2019, Market Growth – CAGR of 14.3%, Market trends – Growing demand from the medical and consumer goods industry

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 subject matter experts conducting the study offer a deep understanding of how prominent leaders have managed to navigate the potential buyers and competitive dynamics influencing their brand positioning in the industry The Needle Coke market analysis provides everything a business owner needs in order to succeed.

Regional Scope- North America; Europe; Asia Pacific; Central & South America; MEA

Click Here to Get Full PDF Sample Copy of Report@ https://www.emergenresearch.com/request-sample-form/242

Key Highlights From The Report

In September 2020, Indian Oil Corporation announced its plan to invest Rs1,268 crore or USD 1.7 Million in a new petroleum needle coke in Odisha at its Paradip Refinery unit. The unit is proposed to have a capacity of 56ktpy.

Coal-based needle coke has an inherent advantage over the petroleum coke as it is more aromatic and has fewer side effects attached to the aromatic rings. If treated properly, the needle coke from coal-based feedstock could be superior to that from the petroleum-based feedstock.

The super-premium grade exhibits a low puffin rate, low coefficient of thermal expansion (CTE), which ensures higher productivity by 5% in the recycling operations of steel. The super-premium grade is also the finest grade used in the production of high-quality ultra-high power (UHP) graphite electrodes.

Graphite electrodes find application in the ladle furnace (LF) and electric arc furnace (EAF) for the production of silicon metal, steel, melting processes, and ferroalloy production, among others.

The market in the Asia Pacific region dominated the needle coke market share in the year 2019 and is anticipated to have a CAGR of 7.5% during the forecast period. The high market share in the region is due to the growth of the manufacturing sector and growing infrastructure.

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.

#Needle Coke Market Report to grow your business needs: Now Purchase @ https://www.emergenresearch.com/select-license/242

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)

Electrodes

Silicon Metal & Ferroalloys

Carbon Black

Rubber Compounds

Others

Browse complete report description and visit our website @ https://www.emergenresearch.com/industry-report/needle-coke-market

Thank you for reading our report. For further information or queries about the report or customization options, please get in touch with us. We will ensure your report is tailored according to your requirements.

Related Reports

Smart Irrigation Controllers Market To Be Worth USD 732.7 Million by 2027 Growing at a CAGR of 14.9% | Emergen Research

Soldier System Market to Reach USD 15.19 Billion By 2027 Growing at a CAGR of 4.8% | Emergen Research

Plant-Based Food & Beverage Alternatives Market to Reach USD 32.29 Billion By 2027 | Emergen Research

Nano Drones Market to Reach USD 4.04 Billion By 2027 Growing at a CAGR of 26.8% | Emergen Research

Fermented Food and Ingredients Market To Be Worth USD 875.21 Billion by 2027 | Emergen Research

Signal Intelligence (SIGINT) Market to Reach USD 18.28 Billion By 2027 | Emergen Research

Sodium Dichromate Market To Be Worth USD 1,242.4 Million by 2027| Emergen Research

Industrial Microbiology Market To Be Worth USD 17.71 Billion by 2027| Emergen Research

Surgical Instrument Tracking Systems Market To Reach USD 431.6 Million by 2027| Emergen Research

Medical Lighting Technologies Market Size To Be Worth USD 2.99 Billion by 2027 | Emergen Research

Tags: Needle Coke Market Strategy, Needle Coke Market Outlook, Needle Coke market growth, Needle Coke market trends, Needle Coke market research, Needle Coke market analysis, Needle Coke Market Size, Needle Coke Market Manufacturers, Needle Coke Market share, Needle Coke Market Opportunity, Needle Coke Market Characteristics, Needle Coke Market Forecasts, Needle Coke Market Key Players, Needle Coke Market Companies, Needle Coke Market Recent Trends, Needle Coke Market Product, Needle Coke Market Insights, Needle Coke Market Revenue, Needle Coke Market Segmentations, Needle Coke Market Regions, Needle Coke Market Applications, Needle Coke Market Types, Needle Coke Market Overview, Needle Coke Market Demand, Needle Coke Market Importance See Campaign: http://www.emergenresearch.com/industry-report/needle-coke-market
Contact Information:

Contact Us:

Eric Lee

Corporate Sales Specialist

Emergen Research | Web: www.emergenresearch.com

Direct Line: +1 (604) 757-9756

E-mail: [email protected]

Facebook | LinkdIn | Twitter | Blogs

Tags:
, Reportedtimes, Research Newswire, English