Needle Coke Industry Growth, Global Survey, Analysis, Share, Statistics, Company Profiles by 2027

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 latest report has been drafted, keeping in mind the current COVID-19 situation many vital aspects of the global Needle Coke market on both global and regional levels. The research focuses on the significant market changes that followed the COVID-19 outbreak. The report offers an accurate estimation of the market value, size, and revenue share in the post-COVID-19 scenario, alongside encapsulating the present and future effects of the pandemic. The report further details the key points of the Needle Coke market, including the latest market standards, regulations, and policy changes imposed by the government for the upcoming years.

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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.

· 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.

Market Segmentation:

For the purpose of this report, Emergen Research has segmented into the global Needle Coke Market on the basis of product type, grade, application, and region:

· Product Type Outlook (Revenue, USD Billion; 2017-2027)

o Coal-Based Needle Coke

o Petroleum-Based Needle Coke

· Grade Outlook (Revenue, USD Billion; 2017-2027)

o Super-Premium Grade

o Premium Grade

o Intermediate-Premium Grade

· Application Outlook (Revenue, USD Billion; 2017-2027)

o Electrodes

o Silicon Metal & Ferroalloys

o Carbon Black

o Rubber Compounds

o Others

Regional Bifurcation:

· North America

· Latin America

· Europe

· Asia Pacific

· Middle East & Africa

Focal Points of the Global Needle Coke Market Report:

· Market Coverage: This section of the report covers significant details on the key manufacturers, vital market segments, product innovation scope, and the forecast years. Additionally, it describes in detail the range of the product and the global Needle Cokemarket segmentation based on product type and application spectrum.

· Executive Summary: In this chapter, the global market growth rate, competitive landscape, drivers and constraints, trends, limitations, and the key market segments have been discussed at length.

· Regional Analysis: The report offers meaningful insights into the import and export trends, production and consumption capacities, estimated revenue share, and key players of each region dominating the market

· Competitive Landscape:The report also discusses the course of development of each market player in this industry vertical during the forecast period. It further details on the firms, industries, organizations, vendors, and local manufacturers engaged in this industry. The leading products and services to gain global and regional market shares form the competitive landscape of the Needle Coke industry.

· Manufacturers’ portfolios: This section includes detailed information regarding the product portfolio of each local and global manufacturer, their strengths and weaknesses, product profiles, production value and capacity, and other vital information.

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