According to IMARC Group latest report titled “Needle Coke Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, offers a comprehensive analysis of the industry, which comprises insights on needle coke industry size. The report also includes competitor and regional analysis, and contemporary advancements in the global market. The global needle coke market reached a value of US$ 3.76 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 5.35 Billion by 2027, exhibiting at a CAGR of 5.96% during 2022-2027.

Needle coke is a primary raw material used in the steel and aluminum industries to make graphite electrodes from arc furnaces. It is a premium petroleum coke, and coal tar-based coke. It possesses outstanding structural qualities, high electrical resistance, high-temperature resistance, thermal expansion coefficient (CTE), and oxidizability. It accounts for more than 40% of the raw material expenses in manufacturing graphite electrodes. Furthermore, various benefits, such as low porosity, low thermal expansion coefficient, low sulfur content, high conductivity, low metal content, and easy graphitization, have led to increased demand from various end-use industries such as aerospace, defense, manufacturing, and semiconductors, among others.

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Market Trends:

The global market is primarily driven by increasing usage in the production of graphite electrodes for the steel industry. In line with this, the high demand for graphite batteries is positively influencing the market. Apart from this, the rising demand for graphite electrodes to power Electric-Arc Furnace (EAF) for steelmaking and new energy vehicles, which are downstream industries of needle coke, acts as another growth-inducing factor. Moreover, the rapid adoption of hybrid-electric vehicles due to the implementation of measures to reduce carbon emissions by various regulatory bodies is expected to result in a shift towards more eco-friendly fuels and energy sources, thus catalyzing the market. Additionally, the growing demand for lithium-ion batteries is fueling the demand for needle coke as coke is needed in the manufacturing of lithium-ion batteries, thereby providing a boost to the market.

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Competitive Landscape with Key players:

The report has also analysed the competitive landscape of the market with some of the key players being.

• Asbury Carbons Inc.
• C-Chem CO. Ltd (Nippon Steel Corporation)
• ENEOS Holdings Inc.
• GrafTech International Ltd.
• Graphite India Limited
• HEG Limited
• Mitsubishi Chemical Holdings Corporation
• Mott Corporation
• Phillips 66 Company
• Sojitz Corporation
• Sumitomo Corporation
• Tokai Carbon Co. Ltd

Needle Coke Market Segmentation:

Our report has categorized the market based on region, type, grade, application and end use industry.

Breakup by Type:

• Coal-tar Pitch Derived
• Petroleum Derived

Breakup by Grade:

• Intermediate
• Premium
• Super Premium

Breakup by Application:

• Graphite Electrodes
• Silicon Metal and Ferroalloys
• Lithium-ion Battery
• Carbon Black
• Rubber Compounds
• Others

 Breakup by End Use Industry:

• Aluminum and Steel
• Automotive
• Semiconductor
• Others

Breakup by Region:

• North America (United States, Canada)
• Europe (Germany, France, United Kingdom, Italy, Spain, Others)
• Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

Key highlights of the report:

• Market Performance (2016-2021)
• Market Outlook (2022-2027)
• Porter’s Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape

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