Market Overview:
The global petroleum needle coke market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for ultra high power electrodes and special carbon materials from various end-use industries. In terms of type, the high-sulfur petroleum needle coke segment is expected to lead the market during the forecast period, followed by middle-sulfur and low-sulfur segments. In terms of application, ultra high power electrode segment is projected to lead the market during 2018–2030 owing to its growing demand from electric vehicle (EV) manufacturers across different regions.
Product Definition:
Petroleum needle coke is a high-quality carbon material used in the production of electrodes for aluminum smelting. It has a very low ash content, which helps to minimize electrode degradation and ensure stable furnace operations.
High-Sulfur Petroleum Needle Coke:
High sulfur petroleum needle coke, also known as high-sulfur or sulfur Needle coke (SN), is a type of fuel that contains more than 15% by weight of sulfur. It is formed from refining low-quality refinery gas oil into diesel and then into heavy fuel oil (HFO). The major use of SNPC in the current market scenario is to fulfill the demand for heating and cooking purposes across Asia Pacific countries such as India, China, Japan, etc.
Middle-Sulfur Petroleum Needle Coke:
Middle-sulfur petroleum needle coke is a type of middle distillates product obtained from the fractional distillation of residual oil. It has high sulfur content and is used as an additive in other refinery byproducts to improve their quality. The main function performed by this product includes improvement in viscosity, anti-foaming agent, caking ability, and thermal stability among others.
Application Insights:
Ultra-high power electrode (UHPE) application segment led the global petroleum needle coke market in 2017 and is projected to continue its dominance over the forecast period. UHPEs are used as anode in a gas turbine engine owing to their high electrochemical potential, which makes them suitable for applications where high thermal efficiency is required. The rising demand for UHPEs from various industries including power generation, oil & gas, cement manufacturing and iron & steel manufacturing is expected to drive the product demand over the forecast period.
Petroleum needle coke has excellent resistance against acids due to which it can be used as aSpecial Carbon Materials (SCM) additive in automotive industry.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to rising demand for petroleum coke from various end-use industries such as power, chemicals, metallurgy, etc. China is one of the largest consumers of petroleum coke owing to its growing industrial sector coupled with rapid urbanization and increasing per capita income levels in emerging economies such as India and China.
The Middle East & Africa accounted for a significant share in terms of volume consumption due to rapidly expanding chemical industry coupled with high government support for establishing new petrochemical units across African countries including Egypt, Nigeria, South Africa among others are anticipated to boost product demand over the coming years.
Growth Factors:
- Increasing demand for petroleum needle coke in the global market due to its unique properties such as high thermal stability, low reactivity and low sulfur content.
- Growing demand for electric vehicles and renewable energy sources which is expected to drive the growth of the petroleum needle coke market over the forecast period.
- Rising investment by key players in research and development activities to develop new products and applications for petroleum needle coke is another major factor that would fuel the growth of this market during the forecast period.
- Increasing use of synthetic graphite in various end-use industries is also anticipated to boost demand for petroleum needle coke over the next few years.
Scope Of The Report
Report Attributes
Report Details
Report Title
Petroleum Needle Coke Market Research Report
By Type
High-Sulfur Petroleum Needle Coke, Middle-Sulfur Petroleum Needle Coke, Low-Sulfur Petroleum Needle Coke
By Application
Ultra High Power Electrode, Special Carbon Materials, Others
By Companies
CNPC Jinzhou Petrochemical, Shandong Yida New Material
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
243
Number of Tables & Figures
171
Customization Available
Yes, the report can be customized as per your need.
Global Petroleum Needle Coke Market Report Segments:
The global Petroleum Needle Coke market is segmented on the basis of:
Types
High-Sulfur Petroleum Needle Coke, Middle-Sulfur Petroleum Needle Coke, Low-Sulfur Petroleum Needle Coke
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
Ultra High Power Electrode, Special Carbon Materials, 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:
- CNPC Jinzhou Petrochemical
- Shandong Yida New Material
Highlights of The Petroleum 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:
- High-Sulfur Petroleum Needle Coke
- Middle-Sulfur Petroleum Needle Coke
- Low-Sulfur Petroleum Needle Coke
- By Application:
- Ultra High Power Electrode
- Special Carbon Materials
- 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 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 needle coke is a type of coal tar derivative that is used as a fuel and raw material in the production of plastics.
Some of the key players operating in the petroleum needle coke market are CNPC Jinzhou Petrochemical, Shandong Yida New Material.
The petroleum needle coke market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Petroleum 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. Petroleum 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. Petroleum Needle Coke Market - Supply Chain
4.5. Global Petroleum Needle Coke Market Forecast
4.5.1. Petroleum Needle Coke Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Petroleum Needle Coke Market Size (000 Units) and Y-o-Y Growth
4.5.3. Petroleum Needle Coke Market Absolute $ Opportunity
5. Global Petroleum 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. Petroleum Needle Coke Market Size and Volume Forecast by Type
5.3.1. High-Sulfur Petroleum Needle Coke
5.3.2. Middle-Sulfur Petroleum Needle Coke
5.3.3. Low-Sulfur Petroleum Needle Coke
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Petroleum 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. Petroleum Needle Coke Market Size and Volume Forecast by Application
6.3.1. Ultra High Power Electrode
6.3.2. Special Carbon Materials
6.3.3. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Petroleum 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. Petroleum 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 Petroleum 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. Petroleum 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 Petroleum Needle Coke Demand Share Forecast, 2019-2026
9. North America Petroleum 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 Petroleum 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 Petroleum Needle Coke Market Size and Volume Forecast by Application
9.4.1. Ultra High Power Electrode
9.4.2. Special Carbon Materials
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 Petroleum Needle Coke Market Size and Volume Forecast by Type
9.7.1. High-Sulfur Petroleum Needle Coke
9.7.2. Middle-Sulfur Petroleum Needle Coke
9.7.3. Low-Sulfur Petroleum Needle Coke
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 Petroleum Needle Coke Demand Share Forecast, 2019-2026
10. Latin America Petroleum 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 Petroleum 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 Petroleum Needle Coke Market Size and Volume Forecast by Application
10.4.1. Ultra High Power Electrode
10.4.2. Special Carbon Materials
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 Petroleum Needle Coke Market Size and Volume Forecast by Type
10.7.1. High-Sulfur Petroleum Needle Coke
10.7.2. Middle-Sulfur Petroleum Needle Coke
10.7.3. Low-Sulfur Petroleum Needle Coke
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 Petroleum Needle Coke Demand Share Forecast, 2019-2026
11. Europe Petroleum 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 Petroleum 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 Petroleum Needle Coke Market Size and Volume Forecast by Application
11.4.1. Ultra High Power Electrode
11.4.2. Special Carbon Materials
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 Petroleum Needle Coke Market Size and Volume Forecast by Type
11.7.1. High-Sulfur Petroleum Needle Coke
11.7.2. Middle-Sulfur Petroleum Needle Coke
11.7.3. Low-Sulfur Petroleum Needle Coke
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 Petroleum Needle Coke Demand Share, 2019-2026
12. Asia Pacific Petroleum 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 Petroleum 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 Petroleum Needle Coke Market Size and Volume Forecast by Application
12.4.1. Ultra High Power Electrode
12.4.2. Special Carbon Materials
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 Petroleum Needle Coke Market Size and Volume Forecast by Type
12.7.1. High-Sulfur Petroleum Needle Coke
12.7.2. Middle-Sulfur Petroleum Needle Coke
12.7.3. Low-Sulfur Petroleum Needle Coke
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 Petroleum Needle Coke Demand Share, 2019-2026
13. Middle East & Africa Petroleum 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 Petroleum 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 Petroleum Needle Coke Market Size and Volume Forecast by Application
13.4.1. Ultra High Power Electrode
13.4.2. Special Carbon Materials
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 Petroleum Needle Coke Market Size and Volume Forecast by Type
13.7.1. High-Sulfur Petroleum Needle Coke
13.7.2. Middle-Sulfur Petroleum Needle Coke
13.7.3. Low-Sulfur Petroleum Needle Coke
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 Petroleum Needle Coke Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Petroleum Needle Coke Market: Market Share Analysis
14.2. Petroleum Needle Coke Distributors and Customers
14.3. Petroleum Needle Coke Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. CNPC Jinzhou Petrochemical
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Shandong Yida New Material
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. COMPANY3
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. COMPANY4
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. COMPANY5
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. COMPANY6
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. COMPANY7
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. COMPANY8
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
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
