19 Aug 2019 - Global Needle Coke
Market is expected to grow at a
significant CAGR in the upcoming period as the scope and its applications are
rising enormously across the globe. Needle coke is a high value, premium grade
petroleum coke exclusively used in the manufacturing of graphite electrodes of
the very low coefficient of thermal expansion (CTE) for the electric arc
heaters in the steel industry. It is crystalline and offers the properties
needed for manufacturing graphite electrode.
The
factors that are playing a major role in the growth of the market are the
growing production of electric vehicles and the high demand in graphite
electrodes and lithium-ion batteries. However, the high cost of graphite
electrodes and the environment related concerns may restrain overall market
growth in the years to come. Needle coke market is segmented based on product
type, grade, application, and region.
Coal
tar pitch and petroleum-derived are the product types that could be explored in
needle coke in the forecast period. Petroleum-derived needle coke sector
accounted for the substantial market share of needle coke and is estimated to
continue its dominance in the years to come. Super premium (SP), intermediate
(I), and premium (P) are the grades that could be explored in needle coke in
needle coke industry in the forecast period. The super-premium sector accounted
for the substantial market share of needle coke and is estimated to lead the
overall market in the years to come.
The
market may be categorized based on applications like specialty carbons,
graphite electrode manufacturing, lithium-ion batteries, and others that could
be explored in needle coke in the forecast period. The graphite
electrode-manufacturing sector accounted for the substantial market share of
needle coke and is estimated to lead the overall market in the years to come.
The reason could be the rising use of needle coke in the graphite electrode
manufacturing. In addition, lithium-ion batteries sector is estimated to grow
at the fastest pace in the years to come.
Globally,
Asia Pacific accounted for the substantial market share of needle coke and is
estimated to lead the overall market in the years to come. The reason behind
the overall market growth could be the rising demand for steel from several
end-users, the growing investment in the steel sector, and the increasing
automotive production in the developing countries. The developing countries
like India and China are the major consumers of needle coke in the region.
Europe
and North America are also estimated to have a positive influence on future
growth. Europe is the second largest region with significant market share.
However, North America is estimated to grow at the highest CAGR in the forecast
period. The key players of needle coke market are Reliance Industries Limited,
Essar Oil Ltd., Indian Oil Corporation Ltd., and GrafTech International
Holdings Inc. These players are concentrating on inorganic growth to sustain
themselves amidst fierce competition.
Market Segment:
Report contents include
•
Analysis of the needle coke market including revenues, future growth, market
outlook
•
Historical data and forecast
•
Regional analysis including growth estimates
•
Analyzes the end user markets including growth estimates.
•
Profiles on needle coke including products, sales/revenues, and market position
•
Market structure, market drivers and restraints.
Key regions
•
North America
•
Europe
•
Asia Pacific
•
Middle East and Africa
•
South America
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