Market Overview:
The global petroleum-based needle coke market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for graphite electrodes and special carbon materials in various end-use industries. Additionally, the growing demand for electric vehicles is also anticipated to fuel the growth of the global petroleum-based needle coke market during the forecast period. Based on type, the global petroleum-based needle coke market can be segmented into intermediate, premium, and super premium types. The intermediate type dominates the overall market and is expected to continue its dominance duringthe forecast period as well.
Product Definition:
Petroleum-based needle coke is a carbon material made from petroleum. It is used as an additive in the production of aluminum and other metals.
Intermediate:
Intermediate is a chemical compound that occurs in petroleum during the fractionation process. It is also known as Petroleum-based needle coke, or PBC for short. The product has several uses in various industries such as power generation, chemicals, and pharmaceuticals among others. However, its major application area includes the production of fuel oil and gas from coal & shale oil (Petroleum).
The global intermediate market size was valued at USD 2.5 billion in 2016.
Premium:
Premium is a type of coke which has high carbon content and low ash content. It also contains small quantity of sulfur, nitrogen, & other impurities. Premium needle coke is used in the production of plastic goods such as polystyrene & acrylonitrile butadiene styrene (ABS) owing to its properties such as high impact strength, toughness along with excellent dimensional stability at both room temperature and elevated temperatures.
Application Insights:
The graphite electrode application segment led the market and accounted for more than 45% of the global share in terms of revenue in 2017. The product is used as a carbon material for electrodes in various industries, including electric utilities, steel manufacturing and power generation. Increasing demand for electricity from rapidly growing economies such as China and India is expected to drive the segment over the forecast period.
Special carbon materials are primarily used in applications that require high thermal conductivity, high strength or excellent resistance to corrosion & oxidation. Growing demand from various sectors such as aerospace & defense; automotive; medical equipment; semiconductor industry; oil & gas industry coupled with increasing R&D activities are anticipated to augment growth over the coming years.
Regional Analysis:
North America dominated the global market in 2017 owing to the presence of a large number of refineries and chemical manufacturing companies. The region is expected to maintain its dominance over the forecast period due to increasing demand for petroleum-based needle cokes from various end-use industries such as chemicals, metallurgy, and others.
The Asia Pacific is anticipated to be one of the fastest growing markets during the forecast period owing to rapid industrialization coupled with rising product demand from key end-use sectors such as electronics, automotive, construction materials and others. Increasing foreign investments coupled with favorable government policies are some major factors driving regional growth. For instance; In 2014 ‘Make in India’ campaign was launched by Indian prime minister Narendra Modi which encouraged domestic manufacturing activities through tax benefits & subsidies etc.; this will have a positive impact on industry expansion over next few years.
Growth Factors:
- Increasing demand for needle coke in the aluminum and steel industries due to its superior properties as an electrode material.
- Rising demand from the battery industry for use in lithium-ion batteries.
- Growing consumption of needle coke in the graphite market as an additive to improve the performance of carbon-based products.
- Increasing use of needle coke as a fuel additive to reduce emissions from diesel engines.
Scope Of The Report
Report Attributes
Report Details
Report Title
Petroleum-based Needle Coke Market Research Report
By Type
Intermediate, Premium, Super Premium
By Application
Graphite Electrode, Special Carbon Material, Others
By Companies
ConocoPhillips, C-Chem, Seadrift Coke, JXTG Holdings, Sumitomo Corporation, Mitsubishi Chemical, Indian Oil Company, Shanxi Hongte Coal Chemical, Fangda Carbon, Shanxi Jinzhou Group, CNPC Jinzhou Petrochemical, Shandong Yida New Material, Sinosteel
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
160
Number of Tables & Figures
112
Customization Available
Yes, the report can be customized as per your need.
Global Petroleum-based Needle Coke Market Report Segments:
The global Petroleum-based Needle Coke market is segmented on the basis of:
Types
Intermediate, Premium, Super Premium
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Graphite Electrode, Special Carbon Material, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- ConocoPhillips
- C-Chem
- Seadrift Coke
- JXTG Holdings
- Sumitomo Corporation
- Mitsubishi Chemical
- Indian Oil Company
- Shanxi Hongte Coal Chemical
- Fangda Carbon
- Shanxi Jinzhou Group
- CNPC Jinzhou Petrochemical
- Shandong Yida New Material
- Sinosteel
Highlights of The Petroleum-based Needle Coke Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Intermediate
- Premium
- Super Premium
- By Application:
- Graphite Electrode
- Special Carbon Material
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Petroleum-based Needle Coke Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Petroleum-based needle coke is a type of fuel used to power engines. It is made from crude oil and other petroleum products.
Some of the major companies in the petroleum-based needle coke market are ConocoPhillips, C-Chem, Seadrift Coke, JXTG Holdings, Sumitomo Corporation, Mitsubishi Chemical, Indian Oil Company, Shanxi Hongte Coal Chemical, Fangda Carbon, Shanxi Jinzhou Group, CNPC Jinzhou Petrochemical, Shandong Yida New Material, Sinosteel.
The petroleum-based needle coke market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Petroleum-based Needle Coke Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Petroleum-based Needle Coke Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Petroleum-based Needle Coke Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Petroleum-based Needle Coke Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Petroleum-based Needle Coke Market Size & Forecast, 2018-2028
4.5.1 Petroleum-based Needle Coke Market Size and Y-o-Y Growth
4.5.2 Petroleum-based Needle Coke Market Absolute $ Opportunity
Chapter 5 Global Petroleum-based Needle Coke Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Petroleum-based Needle Coke Market Size Forecast by Type
5.2.1 Intermediate
5.2.2 Premium
5.2.3 Super Premium
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Petroleum-based Needle Coke Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Petroleum-based Needle Coke Market Size Forecast by Applications
6.2.1 Graphite Electrode
6.2.2 Special Carbon Material
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Petroleum-based Needle Coke Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Petroleum-based Needle Coke Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Petroleum-based Needle Coke Analysis and Forecast
9.1 Introduction
9.2 North America Petroleum-based Needle Coke Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Petroleum-based Needle Coke Market Size Forecast by Type
9.6.1 Intermediate
9.6.2 Premium
9.6.3 Super Premium
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Petroleum-based Needle Coke Market Size Forecast by Applications
9.10.1 Graphite Electrode
9.10.2 Special Carbon Material
9.10.3 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Petroleum-based Needle Coke Analysis and Forecast
10.1 Introduction
10.2 Europe Petroleum-based Needle Coke Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Petroleum-based Needle Coke Market Size Forecast by Type
10.6.1 Intermediate
10.6.2 Premium
10.6.3 Super Premium
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Petroleum-based Needle Coke Market Size Forecast by Applications
10.10.1 Graphite Electrode
10.10.2 Special Carbon Material
10.10.3 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Petroleum-based Needle Coke Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Petroleum-based Needle Coke Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Petroleum-based Needle Coke Market Size Forecast by Type
11.6.1 Intermediate
11.6.2 Premium
11.6.3 Super Premium
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Petroleum-based Needle Coke Market Size Forecast by Applications
11.10.1 Graphite Electrode
11.10.2 Special Carbon Material
11.10.3 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Petroleum-based Needle Coke Analysis and Forecast
12.1 Introduction
12.2 Latin America Petroleum-based Needle Coke Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Petroleum-based Needle Coke Market Size Forecast by Type
12.6.1 Intermediate
12.6.2 Premium
12.6.3 Super Premium
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Petroleum-based Needle Coke Market Size Forecast by Applications
12.10.1 Graphite Electrode
12.10.2 Special Carbon Material
12.10.3 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Petroleum-based Needle Coke Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Petroleum-based Needle Coke Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Petroleum-based Needle Coke Market Size Forecast by Type
13.6.1 Intermediate
13.6.2 Premium
13.6.3 Super Premium
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Petroleum-based Needle Coke Market Size Forecast by Applications
13.10.1 Graphite Electrode
13.10.2 Special Carbon Material
13.10.3 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Petroleum-based Needle Coke Market: Competitive Dashboard
14.2 Global Petroleum-based Needle Coke Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 ConocoPhillips
14.3.2 C-Chem
14.3.3 Seadrift Coke
14.3.4 JXTG Holdings
14.3.5 Sumitomo Corporation
14.3.6 Mitsubishi Chemical
14.3.7 Indian Oil Company
14.3.8 Shanxi Hongte Coal Chemical
14.3.9 Fangda Carbon
14.3.10 Shanxi Jinzhou Group
14.3.11 CNPC Jinzhou Petrochemical
14.3.12 Shandong Yida New Material
14.3.13 Sinosteel
