Market Overview:
The global 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. In terms of type, the market is segmented into petroleum-based and coal-based needle coke. Petroleum-based needle coke is expected to dominate the market during the forecast period owing to its high purity and superior performance characteristics as compared to coal-based needle coke. In terms of application, the global needle coke market is segmented into graphite electrode, special carbon material, and others (including catalyst support). Graphite electrode accounted for majority share of the global needle coke market in 2017 and it is projected to grow at a CAGR of 6% during 2018–2030.
Product Definition:
A type of coke made from coal that has been heated in the absence of air. Needle coke is used as a raw material in the manufacture of aluminum and other metals.
Petroleum-based:
Petroleum-based coke, also called needle coke or just coke, is a type of petroleum product used as an ingredient in the manufacturing of steel. It has been a key raw material for producing steel since the 19th century and accounts for approximately half of the world’s crude steel production.
Coal-based:
Coal-based and needle coke are two different types of coke which are used in the manufacturing of steel. Coal-based is produced by using carbonization process from coal, whereas needle coke is a type of iron ore which has been processed to make it useful for steel making. Both these products have similar chemical properties such as high carbon content and low silica content, but differ in terms of their composition as well as processing technologies.
Application Insights:
The graphite electrode application segment led the global market in 2017 and is projected to continue its dominance over the forecast period. The product is used as a carbon material for manufacturing graphite electrodes, which are further utilized in various electronic devices such as capacitors, resistors and batteries.
Special carbon materials are used in applications including conductive fibers, conductive plastics and composites that require high strength but low weight. These products have excellent mechanical properties along with high electrical conductivity that make them suitable for use across a wide range of end-use industries such as automotive, medical equipment and consumer electronics among others.
Other applications include catalyst support; gas storage; filter aid; fire retardant additives; plasticizers for rubber compounds (neoprene); lubricants (paraffin waxes)and adhesives & sealants among others.
Regional Analysis:
Asia Pacific dominated the global needle coke market in 2017, accounting for a share of over 45.0% owing to the presence of major manufacturers such as Nippon Steel & Sumitomo Metal Mining Co., Ltd. (NSSMC) and POSCO Korea Inc. The region is expected to witness significant growth in demand for steel production on account of rapid industrialization and urbanization coupled with increasing infrastructure activities in India, China, Japan, South Korea, Indonesia among other Southeast Asian countries.
The Asia Pacific was followed by North America which accounted for a share of over 24.0% due to growing demand from end-use industries such as automotive.
Growth Factors:
- Increasing demand from the steel and aluminum industries due to their growing production capacities.
- Needle coke is used as a fuel in the production of anodes for aluminum smelting, which is experiencing high growth rates globally.
- The need for high-quality needle coke is increasing due to stringent environmental regulations governing emissions from traditional sources of carbon black such as oil refineries and petrochemical plants.
- Rapid growth in electric vehicle sales is expected to lead to increased demand for battery-grade needle coke in the coming years as these vehicles require more powerful batteries than those found in traditional gasoline or diesel cars/trucks.
Scope Of The Report
Report Attributes
Report Details
Report Title
Needle Coke Market Research Report
By Type
Petroleum-based, Coal-based
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
246
Number of Tables & Figures
173
Customization Available
Yes, the report can be customized as per your need.
Global Needle Coke Market Report Segments:
The global Needle Coke market is segmented on the basis of:
Types
Petroleum-based, Coal-based
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 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:
- Petroleum-based
- Coal-based
- 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 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.
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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?
Needle Coke is a carbonated soft drink that was first produced in the early 1900s. It is made with syrups and flavored with needles, which give it its name.
Some of the major companies in the 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 needle coke market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Needle Coke Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Needle Coke Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Needle Coke Market - Supply Chain
4.5. Global Needle Coke Market Forecast
4.5.1. Needle Coke Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Needle Coke Market Size (000 Units) and Y-o-Y Growth
4.5.3. Needle Coke Market Absolute $ Opportunity
5. Global Needle Coke Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Needle Coke Market Size and Volume Forecast by Type
5.3.1. Petroleum-based
5.3.2. Coal-based
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Needle Coke Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Needle Coke Market Size and Volume Forecast by Application
6.3.1. Graphite Electrode
6.3.2. Special Carbon Material
6.3.3. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Needle Coke Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Needle Coke Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Needle Coke Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Needle Coke Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Needle Coke Demand Share Forecast, 2019-2026
9. North America Needle Coke Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Needle Coke Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Needle Coke Market Size and Volume Forecast by Application
9.4.1. Graphite Electrode
9.4.2. Special Carbon Material
9.4.3. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Needle Coke Market Size and Volume Forecast by Type
9.7.1. Petroleum-based
9.7.2. Coal-based
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Needle Coke Demand Share Forecast, 2019-2026
10. Latin America Needle Coke Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Needle Coke Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Needle Coke Market Size and Volume Forecast by Application
10.4.1. Graphite Electrode
10.4.2. Special Carbon Material
10.4.3. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Needle Coke Market Size and Volume Forecast by Type
10.7.1. Petroleum-based
10.7.2. Coal-based
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Needle Coke Demand Share Forecast, 2019-2026
11. Europe Needle Coke Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Needle Coke Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Needle Coke Market Size and Volume Forecast by Application
11.4.1. Graphite Electrode
11.4.2. Special Carbon Material
11.4.3. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Needle Coke Market Size and Volume Forecast by Type
11.7.1. Petroleum-based
11.7.2. Coal-based
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Needle Coke Demand Share, 2019-2026
12. Asia Pacific Needle Coke Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Needle Coke Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Needle Coke Market Size and Volume Forecast by Application
12.4.1. Graphite Electrode
12.4.2. Special Carbon Material
12.4.3. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Needle Coke Market Size and Volume Forecast by Type
12.7.1. Petroleum-based
12.7.2. Coal-based
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Needle Coke Demand Share, 2019-2026
13. Middle East & Africa Needle Coke Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Needle Coke Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Needle Coke Market Size and Volume Forecast by Application
13.4.1. Graphite Electrode
13.4.2. Special Carbon Material
13.4.3. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Needle Coke Market Size and Volume Forecast by Type
13.7.1. Petroleum-based
13.7.2. Coal-based
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Needle Coke Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Needle Coke Market: Market Share Analysis
14.2. Needle Coke Distributors and Customers
14.3. Needle Coke Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. ConocoPhillips
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. C-Chem
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Seadrift Coke
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. JXTG Holdings
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Sumitomo Corporation
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Mitsubishi Chemical
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Indian Oil Company
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Shanxi Hongte Coal Chemical
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Fangda Carbon
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Shanxi Jinzhou Group
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. CNPC Jinzhou Petrochemical
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Shandong Yida New Material
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Sinosteel
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook