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Needle Coke Market By Type, By Application: Global Opportunity Analysis and Industry Forecast, 2021-2031

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    Report

  • 200 Pages
  • September 2022
  • Region: Global
  • Allied Market Research
  • ID: 5713167
The global needle coke market was valued at $2.3 billion in 2021, and is projected to reach $5.7 billion by 2031, registering a CAGR of 9.8% from 2022 to 2031.

Needle coke is used to make electrodes, which are required in the manufacturing of steel in electric arc furnaces (EAFs). It is widely utilized as a heating element and is derived from both, petroleum and coal tar. It is a highly crystalline petroleum coke that is used to make electrodes for the steel and aluminum industries. It is the crucial raw material employed in the steel and aluminum industries to produce graphite electrodes from arc furnaces. It has excellent features, such as structural properties, high temperature resistance, high electrical resistance, oxidizability, and coefficient of thermal expansion (CTE).

For the purpose of analysis, the needle coke market scope covers segments by type, application, and region. The report outlines the details about needle coke types, including petroleum-based and coal-based. The use of needle coke in various end-use industries, including graphite electrodes, lithium-ion battery, special carbon material, rubber compounds, and others are analyzed in the report. Moreover, it analyzes the current market trends of needle coke across different regions, such as North America, Europe, Asia-Pacific, and LAMEA and suggests the future growth opportunities.

The growth drivers, restraints, and opportunities are explained in the report to better understand the market dynamics. This report further highlights the key areas of investment. In addition, it includes Porter’s five forces analysis to understand the competitive scenario of the industry and role of each stakeholder. Value chain analysis for this industry, which includes R&D, components manufacturers, assembly, programming & testing, marketing & sales, customers, and post-sales services, is explained. The report features the strategies adopted by key market players to maintain their foothold in the market. Furthermore, it highlights the competitive landscape of the key players to increase their market share and sustain intense competition in the industry.

In addition, the report covers profiles of key industry participants, such as Asbury Carbons Inc., Baosteel Group, Essar Oil Ltd, GrafTech International Ltd, HEG Limited, Indian Oil Corporation, Mitsubishi Chemical Corporation, Mott Corporation, Nippon Steel Corporation, Petroleum Coke Industry, Phillips 66, Reliance Industries, Shell Global, Sumitomo Corporation, and Tokai Carbon Co., Ltd.

Key Benefits For Stakeholders

  • This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the needle coke market analysis from 2021 to 2031 to identify the prevailing needle coke market opportunities.
  • The market research is offered along with information related to key drivers, restraints, and opportunities.
  • Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
  • In-depth analysis of the needle coke market segmentation assists to determine the prevailing market opportunities.
  • Major countries in each region are mapped according to their revenue contribution to the global market.
  • Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
  • The report includes the analysis of the regional as well as global needle coke market trends, key players, market segments, application areas, and market growth strategies.

Key Market Segments

By Type

  • Petroleum Based
  • Coal Based

By Application

  • Graphite Electrodes
  • Lithium-ion Battery
  • Special Carbon Material
  • Rubber Compounds
  • Others

By Region

  • North America
  • U.S.
  • Canada
  • Mexico
  • Europe
  • Germany
  • France
  • UK
  • Spain
  • Italy
  • Rest of Europe
  • Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia-Pacific
  • LAMEA
  • Brazil
  • Saudi Arabia
  • South Africa
  • Rest of LAMEA

Key Market Players

  • ASBURY CARBONS INC
  • BAOSTEEL GROUP
  • ESSAR OIL LTD
  • GrafTech International Ltd.
  • HEG LIMITED
  • Indian Oil Corporation Ltd
  • MITSUBISHI CHEMICAL CORPORATION
  • mott corporation
  • NIPPON STEEL CORPORATION
  • PETROLEUM COKE INDUSTY
  • PHILLIPS 66
  • Reliance Industries Ltd
  • SHELL GLOBAL
  • SUMITOMO CORPORATION
  • TOKAI CARBON CO., LTD
Frequently Asked Questions about the Global Needle Coke Market

What is the estimated value of the Global Needle Coke Market?

The Global Needle Coke Market was estimated to be valued at $2.3 billion in 2021.

What is the growth rate of the Global Needle Coke Market?

The growth rate of the Global Needle Coke Market is 9.5%, with an estimated value of $5.7 billion by 2031.

What is the forecasted size of the Global Needle Coke Market?

The Global Needle Coke Market is estimated to be worth $5.7 billion by 2031.

Who are the key companies in the Global Needle Coke Market?

Key companies in the Global Needle Coke Market include ASBURY CARBONS INC, BAOSTEEL GROUP, ESSAR OIL LTD, GrafTech International Ltd., HEG LIMITED, Indian Oil Corporation Ltd, MITSUBISHI CHEMICAL CORPORATION, mott corporation and PETROLEUM COKE INDUSTY.

Table of Contents

CHAPTER 1: INTRODUCTION
1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research Methodology
1.4.1. Secondary research
1.4.2. Primary research
1.4.3. Analyst tools and models

CHAPTER 2: EXECUTIVE SUMMARY
2.1. Key findings of the study
2.2. CXO Perspective

CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top investment pockets
3.3. Porter’s five forces analysis
3.4. Top player positioning
3.5. Market dynamics
3.5.1. Drivers
3.5.2. Restraints
3.5.3. Opportunities
3.6. COVID-19 Impact Analysis on the market
3.7. Pricing Analysis
3.8. Value Chain Analysis
3.9. Key Regulation Analysis
3.10. Patent Landscape
3.11. Market Share Analysis

CHAPTER 4: NEEDLE COKE MARKET, BY TYPE
4.1 Overview
4.1.1 Market size and forecast
4.2 Petroleum Based
4.2.1 Key market trends, growth factors and opportunities
4.2.2 Market size and forecast, by region
4.2.3 Market analysis by country
4.3 Coal Based
4.3.1 Key market trends, growth factors and opportunities
4.3.2 Market size and forecast, by region
4.3.3 Market analysis by country

CHAPTER 5: NEEDLE COKE MARKET, BY APPLICATION
5.1 Overview
5.1.1 Market size and forecast
5.2 Graphite Electrodes
5.2.1 Key market trends, growth factors and opportunities
5.2.2 Market size and forecast, by region
5.2.3 Market analysis by country
5.3 Lithium-ion Battery
5.3.1 Key market trends, growth factors and opportunities
5.3.2 Market size and forecast, by region
5.3.3 Market analysis by country
5.4 Special Carbon Material
5.4.1 Key market trends, growth factors and opportunities
5.4.2 Market size and forecast, by region
5.4.3 Market analysis by country
5.5 Rubber Compounds
5.5.1 Key market trends, growth factors and opportunities
5.5.2 Market size and forecast, by region
5.5.3 Market analysis by country
5.6 Others
5.6.1 Key market trends, growth factors and opportunities
5.6.2 Market size and forecast, by region
5.6.3 Market analysis by country

CHAPTER 6: NEEDLE COKE MARKET, BY REGION
6.1 Overview
6.1.1 Market size and forecast
6.2 North America
6.2.1 Key trends and opportunities
6.2.2 North America Market size and forecast, by Type
6.2.3 North America Market size and forecast, by Application
6.2.4 North America Market size and forecast, by country
6.2.4.1 U.S.
6.2.4.1.1 Market size and forecast, by Type
6.2.4.1.2 Market size and forecast, by Application
6.2.4.2 Canada
6.2.4.2.1 Market size and forecast, by Type
6.2.4.2.2 Market size and forecast, by Application
6.2.4.3 Mexico
6.2.4.3.1 Market size and forecast, by Type
6.2.4.3.2 Market size and forecast, by Application
6.3 Europe
6.3.1 Key trends and opportunities
6.3.2 Europe Market size and forecast, by Type
6.3.3 Europe Market size and forecast, by Application
6.3.4 Europe Market size and forecast, by country
6.3.4.1 Germany
6.3.4.1.1 Market size and forecast, by Type
6.3.4.1.2 Market size and forecast, by Application
6.3.4.2 France
6.3.4.2.1 Market size and forecast, by Type
6.3.4.2.2 Market size and forecast, by Application
6.3.4.3 UK
6.3.4.3.1 Market size and forecast, by Type
6.3.4.3.2 Market size and forecast, by Application
6.3.4.4 Spain
6.3.4.4.1 Market size and forecast, by Type
6.3.4.4.2 Market size and forecast, by Application
6.3.4.5 Italy
6.3.4.5.1 Market size and forecast, by Type
6.3.4.5.2 Market size and forecast, by Application
6.3.4.6 Rest of Europe
6.3.4.6.1 Market size and forecast, by Type
6.3.4.6.2 Market size and forecast, by Application
6.4 Asia-Pacific
6.4.1 Key trends and opportunities
6.4.2 Asia-Pacific Market size and forecast, by Type
6.4.3 Asia-Pacific Market size and forecast, by Application
6.4.4 Asia-Pacific Market size and forecast, by country
6.4.4.1 China
6.4.4.1.1 Market size and forecast, by Type
6.4.4.1.2 Market size and forecast, by Application
6.4.4.2 Japan
6.4.4.2.1 Market size and forecast, by Type
6.4.4.2.2 Market size and forecast, by Application
6.4.4.3 India
6.4.4.3.1 Market size and forecast, by Type
6.4.4.3.2 Market size and forecast, by Application
6.4.4.4 South Korea
6.4.4.4.1 Market size and forecast, by Type
6.4.4.4.2 Market size and forecast, by Application
6.4.4.5 Australia
6.4.4.5.1 Market size and forecast, by Type
6.4.4.5.2 Market size and forecast, by Application
6.4.4.6 Rest of Asia-Pacific
6.4.4.6.1 Market size and forecast, by Type
6.4.4.6.2 Market size and forecast, by Application
6.5 LAMEA
6.5.1 Key trends and opportunities
6.5.2 LAMEA Market size and forecast, by Type
6.5.3 LAMEA Market size and forecast, by Application
6.5.4 LAMEA Market size and forecast, by country
6.5.4.1 Brazil
6.5.4.1.1 Market size and forecast, by Type
6.5.4.1.2 Market size and forecast, by Application
6.5.4.2 Saudi Arabia
6.5.4.2.1 Market size and forecast, by Type
6.5.4.2.2 Market size and forecast, by Application
6.5.4.3 South Africa
6.5.4.3.1 Market size and forecast, by Type
6.5.4.3.2 Market size and forecast, by Application
6.5.4.4 Rest of LAMEA
6.5.4.4.1 Market size and forecast, by Type
6.5.4.4.2 Market size and forecast, by Application

CHAPTER 7: COMPANY LANDSCAPE
7.1. Introduction
7.2. Top winning strategies
7.3. Product Mapping of Top 10 Player
7.4. Competitive Dashboard
7.5. Competitive Heatmap
7.6. Key developments

CHAPTER 8: COMPANY PROFILES
8.1 ASBURY CARBONS INC
8.1.1 Company overview
8.1.2 Company snapshot
8.1.3 Operating business segments
8.1.4 Product portfolio
8.1.5 Business performance
8.1.6 Key strategic moves and developments
8.2 BAOSTEEL GROUP
8.2.1 Company overview
8.2.2 Company snapshot
8.2.3 Operating business segments
8.2.4 Product portfolio
8.2.5 Business performance
8.2.6 Key strategic moves and developments
8.3 ESSAR OIL LTD
8.3.1 Company overview
8.3.2 Company snapshot
8.3.3 Operating business segments
8.3.4 Product portfolio
8.3.5 Business performance
8.3.6 Key strategic moves and developments
8.4 GrafTech International Ltd.
8.4.1 Company overview
8.4.2 Company snapshot
8.4.3 Operating business segments
8.4.4 Product portfolio
8.4.5 Business performance
8.4.6 Key strategic moves and developments
8.5 HEG LIMITED
8.5.1 Company overview
8.5.2 Company snapshot
8.5.3 Operating business segments
8.5.4 Product portfolio
8.5.5 Business performance
8.5.6 Key strategic moves and developments
8.6 Indian Oil Corporation Ltd
8.6.1 Company overview
8.6.2 Company snapshot
8.6.3 Operating business segments
8.6.4 Product portfolio
8.6.5 Business performance
8.6.6 Key strategic moves and developments
8.7 MITSUBISHI CHEMICAL CORPORATION
8.7.1 Company overview
8.7.2 Company snapshot
8.7.3 Operating business segments
8.7.4 Product portfolio
8.7.5 Business performance
8.7.6 Key strategic moves and developments
8.8 mott corporation
8.8.1 Company overview
8.8.2 Company snapshot
8.8.3 Operating business segments
8.8.4 Product portfolio
8.8.5 Business performance
8.8.6 Key strategic moves and developments
8.9 NIPPON STEEL CORPORATION
8.9.1 Company overview
8.9.2 Company snapshot
8.9.3 Operating business segments
8.9.4 Product portfolio
8.9.5 Business performance
8.9.6 Key strategic moves and developments
8.10 PETROLEUM COKE INDUSTY
8.10.1 Company overview
8.10.2 Company snapshot
8.10.3 Operating business segments
8.10.4 Product portfolio
8.10.5 Business performance
8.10.6 Key strategic moves and developments
8.11 PHILLIPS 66
8.11.1 Company overview
8.11.2 Company snapshot
8.11.3 Operating business segments
8.11.4 Product portfolio
8.11.5 Business performance
8.11.6 Key strategic moves and developments
8.12 Reliance Industries Ltd
8.12.1 Company overview
8.12.2 Company snapshot
8.12.3 Operating business segments
8.12.4 Product portfolio
8.12.5 Business performance
8.12.6 Key strategic moves and developments
8.13 SHELL GLOBAL
8.13.1 Company overview
8.13.2 Company snapshot
8.13.3 Operating business segments
8.13.4 Product portfolio
8.13.5 Business performance
8.13.6 Key strategic moves and developments
8.14 SUMITOMO CORPORATION
8.14.1 Company overview
8.14.2 Company snapshot
8.14.3 Operating business segments
8.14.4 Product portfolio
8.14.5 Business performance
8.14.6 Key strategic moves and developments
8.15 TOKAI CARBON CO., LTD
8.15.1 Company overview
8.15.2 Company snapshot
8.15.3 Operating business segments
8.15.4 Product portfolio
8.15.5 Business performance
8.15.6 Key strategic moves and developments

List of Tables
Table 1. Global Needle Coke Market, by Type, 2021-2031 ($Million)
Table 2. Global Needle Coke Market, by Type, 2021-2031 (Kiloton)
Table 3. Needle Coke Market, for Petroleum Based, by Region, 2021-2031 ($Million)
Table 4. Needle Coke Market, for Petroleum Based, by Region, 2021-2031 (Kiloton)
Table 5. Needle Coke Market for Petroleum Based, by Country, 2021-2031 ($Million)
Table 6. Needle Coke Market for Petroleum Based, by Country, 2021-2031 (Kiloton)
Table 7. Needle Coke Market, for Coal Based, by Region, 2021-2031 ($Million)
Table 8. Needle Coke Market, for Coal Based, by Region, 2021-2031 (Kiloton)
Table 9. Needle Coke Market for Coal Based, by Country, 2021-2031 ($Million)
Table 10. Needle Coke Market for Coal Based, by Country, 2021-2031 (Kiloton)
Table 11. Global Needle Coke Market, by Application, 2021-2031 ($Million)
Table 12. Global Needle Coke Market, by Application, 2021-2031 (Kiloton)
Table 13. Needle Coke Market, for Graphite Electrodes, by Region, 2021-2031 ($Million)
Table 14. Needle Coke Market, for Graphite Electrodes, by Region, 2021-2031 (Kiloton)
Table 15. Needle Coke Market for Graphite Electrodes, by Country, 2021-2031 ($Million)
Table 16. Needle Coke Market for Graphite Electrodes, by Country, 2021-2031 (Kiloton)
Table 17. Needle Coke Market, for Lithium-Ion Battery, by Region, 2021-2031 ($Million)
Table 18. Needle Coke Market, for Lithium-Ion Battery, by Region, 2021-2031 (Kiloton)
Table 19. Needle Coke Market for Lithium-Ion Battery, by Country, 2021-2031 ($Million)
Table 20. Needle Coke Market for Lithium-Ion Battery, by Country, 2021-2031 (Kiloton)
Table 21. Needle Coke Market, for Special Carbon Material, by Region, 2021-2031 ($Million)
Table 22. Needle Coke Market, for Special Carbon Material, by Region, 2021-2031 (Kiloton)
Table 23. Needle Coke Market for Special Carbon Material, by Country, 2021-2031 ($Million)
Table 24. Needle Coke Market for Special Carbon Material, by Country, 2021-2031 (Kiloton)
Table 25. Needle Coke Market, for Rubber Compounds, by Region, 2021-2031 ($Million)
Table 26. Needle Coke Market, for Rubber Compounds, by Region, 2021-2031 (Kiloton)
Table 27. Needle Coke Market for Rubber Compounds, by Country, 2021-2031 ($Million)
Table 28. Needle Coke Market for Rubber Compounds, by Country, 2021-2031 (Kiloton)
Table 29. Needle Coke Market, for Others, by Region, 2021-2031 ($Million)
Table 30. Needle Coke Market, for Others, by Region, 2021-2031 (Kiloton)
Table 31. Needle Coke Market for Others, by Country, 2021-2031 ($Million)
Table 32. Needle Coke Market for Others, by Country, 2021-2031 (Kiloton)
Table 33. Needle Coke Market, by Region, 2021-2031 ($Million)
Table 34. Needle Coke Market, by Region, 2021-2031 (Kiloton)
Table 35. North America Needle Coke Market, by Type, 2021-2031 ($Million)
Table 36. North America Needle Coke Market, by Type, 2021-2031 (Kiloton)
Table 37. North America Needle Coke Market, by Application, 2021-2031 ($Million)
Table 38. North America Needle Coke Market, by Application, 2021-2031 (Kiloton)
Table 39. North America Needle Coke Market, by Country, 2021-2031 ($Million)
Table 40. North America Needle Coke Market, by Country, 2021-2031 (Kiloton)
Table 41. U.S. Needle Coke Market, by Type, 2021-2031 ($Million)
Table 42. U.S. Needle Coke Market, by Type, 2021-2031 (Kiloton)
Table 43. U.S. Needle Coke Market, by Application, 2021-2031 ($Million)
Table 44. U.S. Needle Coke Market, by Application, 2021-2031 (Kiloton)
Table 45. Canada Needle Coke Market, by Type, 2021-2031 ($Million)
Table 46. Canada Needle Coke Market, by Type, 2021-2031 (Kiloton)
Table 47. Canada Needle Coke Market, by Application, 2021-2031 ($Million)
Table 48. Canada Needle Coke Market, by Application, 2021-2031 (Kiloton)
Table 49. Mexico Needle Coke Market, by Type, 2021-2031 ($Million)
Table 50. Mexico Needle Coke Market, by Type, 2021-2031 (Kiloton)
Table 51. Mexico Needle Coke Market, by Application, 2021-2031 ($Million)
Table 52. Mexico Needle Coke Market, by Application, 2021-2031 (Kiloton)
Table 53. Europe Needle Coke Market, by Type, 2021-2031 ($Million)
Table 54. Europe Needle Coke Market, by Type, 2021-2031 (Kiloton)
Table 55. Europe Needle Coke Market, by Application, 2021-2031 ($Million)
Table 56. Europe Needle Coke Market, by Application, 2021-2031 (Kiloton)
Table 57. Europe Needle Coke Market, by Country, 2021-2031 ($Million)
Table 58. Europe Needle Coke Market, by Country, 2021-2031 (Kiloton)
Table 59. Germany Needle Coke Market, by Type, 2021-2031 ($Million)
Table 60. Germany Needle Coke Market, by Type, 2021-2031 (Kiloton)
Table 61. Germany Needle Coke Market, by Application, 2021-2031 ($Million)
Table 62. Germany Needle Coke Market, by Application, 2021-2031 (Kiloton)
Table 63. France Needle Coke Market, by Type, 2021-2031 ($Million)
Table 64. France Needle Coke Market, by Type, 2021-2031 (Kiloton)
Table 65. France Needle Coke Market, by Application, 2021-2031 ($Million)
Table 66. France Needle Coke Market, by Application, 2021-2031 (Kiloton)
Table 67. UK Needle Coke Market, by Type, 2021-2031 ($Million)
Table 68. UK Needle Coke Market, by Type, 2021-2031 (Kiloton)
Table 69. UK Needle Coke Market, by Application, 2021-2031 ($Million)
Table 70. UK Needle Coke Market, by Application, 2021-2031 (Kiloton)
Table 71. Spain Needle Coke Market, by Type, 2021-2031 ($Million)
Table 72. Spain Needle Coke Market, by Type, 2021-2031 (Kiloton)
Table 73. Spain Needle Coke Market, by Application, 2021-2031 ($Million)
Table 74. Spain Needle Coke Market, by Application, 2021-2031 (Kiloton)
Table 75. Italy Needle Coke Market, by Type, 2021-2031 ($Million)
Table 76. Italy Needle Coke Market, by Type, 2021-2031 (Kiloton)
Table 77. Italy Needle Coke Market, by Application, 2021-2031 ($Million)
Table 78. Italy Needle Coke Market, by Application, 2021-2031 (Kiloton)
Table 79. Rest of Europe Needle Coke Market, by Type, 2021-2031 ($Million)
Table 80. Rest of Europe Needle Coke Market, by Type, 2021-2031 (Kiloton)
Table 81. Rest of Europe Needle Coke Market, by Application, 2021-2031 ($Million)
Table 82. Rest of Europe Needle Coke Market, by Application, 2021-2031 (Kiloton)
Table 83. Asia-Pacific Needle Coke Market, by Type, 2021-2031 ($Million)
Table 84. Asia-Pacific Needle Coke Market, by Type, 2021-2031 (Kiloton)
Table 85. Asia-Pacific Needle Coke Market, by Application, 2021-2031 ($Million)
Table 86. Asia-Pacific Needle Coke Market, by Application, 2021-2031 (Kiloton)
Table 87. Asia-Pacific Needle Coke Market, by Country, 2021-2031 ($Million)
Table 88. Asia-Pacific Needle Coke Market, by Country, 2021-2031 (Kiloton)
Table 89. China Needle Coke Market, by Type, 2021-2031 ($Million)
Table 90. China Needle Coke Market, by Type, 2021-2031 (Kiloton)
Table 91. China Needle Coke Market, by Application, 2021-2031 ($Million)
Table 92. China Needle Coke Market, by Application, 2021-2031 (Kiloton)
Table 93. Japan Needle Coke Market, by Type, 2021-2031 ($Million)
Table 94. Japan Needle Coke Market, by Type, 2021-2031 (Kiloton)
Table 95. Japan Needle Coke Market, by Application, 2021-2031 ($Million)
Table 96. Japan Needle Coke Market, by Application, 2021-2031 (Kiloton)
Table 97. India Needle Coke Market, by Type, 2021-2031 ($Million)
Table 98. India Needle Coke Market, by Type, 2021-2031 (Kiloton)
Table 99. India Needle Coke Market, by Application, 2021-2031 ($Million)
Table 100. India Needle Coke Market, by Application, 2021-2031 (Kiloton)
Table 101. South Korea Needle Coke Market, by Type, 2021-2031 ($Million)
Table 102. South Korea Needle Coke Market, by Type, 2021-2031 (Kiloton)
Table 103. South Korea Needle Coke Market, by Application, 2021-2031 ($Million)
Table 104. South Korea Needle Coke Market, by Application, 2021-2031 (Kiloton)
Table 105. Australia Needle Coke Market, by Type, 2021-2031 ($Million)
Table 106. Australia Needle Coke Market, by Type, 2021-2031 (Kiloton)
Table 107. Australia Needle Coke Market, by Application, 2021-2031 ($Million)
Table 108. Australia Needle Coke Market, by Application, 2021-2031 (Kiloton)
Table 109. Rest of Asia-Pacific Needle Coke Market, by Type, 2021-2031 ($Million)
Table 110. Rest of Asia-Pacific Needle Coke Market, by Type, 2021-2031 (Kiloton)
Table 111. Rest of Asia-Pacific Needle Coke Market, by Application, 2021-2031 ($Million)
Table 112. Rest of Asia-Pacific Needle Coke Market, by Application, 2021-2031 (Kiloton)
Table 113. LAMEA Needle Coke Market, by Type, 2021-2031 ($Million)
Table 114. LAMEA Needle Coke Market, by Type, 2021-2031 (Kiloton)
Table 115. LAMEA Needle Coke Market, by Application, 2021-2031 ($Million)
Table 116. LAMEA Needle Coke Market, by Application, 2021-2031 (Kiloton)
Table 117. LAMEA Needle Coke Market, by Country, 2021-2031 ($Million)
Table 118. LAMEA Needle Coke Market, by Country, 2021-2031 (Kiloton)
Table 119. Brazil Needle Coke Market, by Type, 2021-2031 ($Million)
Table 120. Brazil Needle Coke Market, by Type, 2021-2031 (Kiloton)
Table 121. Brazil Needle Coke Market, by Application, 2021-2031 ($Million)
Table 122. Brazil Needle Coke Market, by Application, 2021-2031 (Kiloton)
Table 123. Saudi Arabia Needle Coke Market, by Type, 2021-2031 ($Million)
Table 124. Saudi Arabia Needle Coke Market, by Type, 2021-2031 (Kiloton)
Table 125. Saudi Arabia Needle Coke Market, by Application, 2021-2031 ($Million)
Table 126. Saudi Arabia Needle Coke Market, by Application, 2021-2031 (Kiloton)
Table 127. South Africa Needle Coke Market, by Type, 2021-2031 ($Million)
Table 128. South Africa Needle Coke Market, by Type, 2021-2031 (Kiloton)
Table 129. South Africa Needle Coke Market, by Application, 2021-2031 ($Million)
Table 130. South Africa Needle Coke Market, by Application, 2021-2031 (Kiloton)
Table 131. Rest of LAMEA Needle Coke Market, by Type, 2021-2031 ($Million)
Table 132. Rest of LAMEA Needle Coke Market, by Type, 2021-2031 (Kiloton)
Table 133. Rest of LAMEA Needle Coke Market, by Application, 2021-2031 ($Million)
Table 134. Rest of LAMEA Needle Coke Market, by Application, 2021-2031 (Kiloton)
Table 135. Asbury Carbons Inc.: Company Snapshot
Table 136. Asbury Carbons Inc.: Operating Segments
Table 137. Asbury Carbons Inc.: Product Portfolio
Table 138. Asbury Carbons Inc.: Net Sales
Table 139. Asbury Carbons Inc.: Key Strategies
Table 140. Baosteel Group: Company Snapshot
Table 141. Baosteel Group: Operating Segments
Table 142. Baosteel Group: Product Portfolio
Table 143. Baosteel Group: Net Sales
Table 144. Baosteel Group: Key Strategies
Table 145. Essar Oil Ltd.: Company Snapshot
Table 146. Essar Oil Ltd.: Operating Segments
Table 147. Essar Oil Ltd.: Product Portfolio
Table 148. Essar Oil Ltd.: Net Sales
Table 149. Essar Oil Ltd.: Key Strategies
Table 150. Graftech International Ltd.: Company Snapshot
Table 151. Graftech International Ltd.: Operating Segments
Table 152. Graftech International Ltd.: Product Portfolio
Table 153. Graftech International Ltd.: Net Sales
Table 154. Graftech International Ltd.: Key Strategies
Table 155. Heg Limited: Company Snapshot
Table 156. Heg Limited: Operating Segments
Table 157. Heg Limited: Product Portfolio
Table 158. Heg Limited: Net Sales
Table 159. Heg Limited: Key Strategies
Table 160. Indian Oil Corporation Ltd.: Company Snapshot
Table 161. Indian Oil Corporation Ltd.: Operating Segments
Table 162. Indian Oil Corporation Ltd.: Product Portfolio
Table 163. Indian Oil Corporation Ltd.: Net Sales
Table 164. Indian Oil Corporation Ltd.: Key Strategies
Table 165. Mitsubishi Chemical Corporation: Company Snapshot
Table 166. Mitsubishi Chemical Corporation: Operating Segments
Table 167. Mitsubishi Chemical Corporation: Product Portfolio
Table 168. Mitsubishi Chemical Corporation: Net Sales
Table 169. Mitsubishi Chemical Corporation: Key Strategies
Table 170. Mott Corporation: Company Snapshot
Table 171. Mott Corporation: Operating Segments
Table 172. Mott Corporation: Product Portfolio
Table 173. Mott Corporation: Net Sales
Table 174. Mott Corporation: Key Strategies
Table 175. Nippon Steel Corporation: Company Snapshot
Table 176. Nippon Steel Corporation: Operating Segments
Table 177. Nippon Steel Corporation: Product Portfolio
Table 178. Nippon Steel Corporation: Net Sales
Table 179. Nippon Steel Corporation: Key Strategies
Table 180. Petroleum Coke Industy: Company Snapshot
Table 181. Petroleum Coke Industy: Operating Segments
Table 182. Petroleum Coke Industy: Product Portfolio
Table 183. Petroleum Coke Industy: Net Sales
Table 184. Petroleum Coke Industy: Key Strategies
Table 185. Phillips 66: Company Snapshot
Table 186. Phillips 66: Operating Segments
Table 187. Phillips 66: Product Portfolio
Table 188. Phillips 66: Net Sales
Table 189. Phillips 66: Key Strategies
Table 190. Reliance Industries Ltd.: Company Snapshot
Table 191. Reliance Industries Ltd.: Operating Segments
Table 192. Reliance Industries Ltd.: Product Portfolio
Table 193. Reliance Industries Ltd.: Net Sales
Table 194. Reliance Industries Ltd.: Key Strategies
Table 195. Shell Global: Company Snapshot
Table 196. Shell Global: Operating Segments
Table 197. Shell Global: Product Portfolio
Table 198. Shell Global: Net Sales
Table 199. Shell Global: Key Strategies
Table 200. Sumitomo Corporation: Company Snapshot
Table 201. Sumitomo Corporation: Operating Segments
Table 202. Sumitomo Corporation: Product Portfolio
Table 203. Sumitomo Corporation: Net Sales
Table 204. Sumitomo Corporation: Key Strategies
Table 205. Tokai Carbon Co. Ltd.: Company Snapshot
Table 206. Tokai Carbon Co. Ltd.: Operating Segments
Table 207. Tokai Carbon Co. Ltd.: Product Portfolio
Table 208. Tokai Carbon Co. Ltd.: Net Sales
Table 209. Tokai Carbon Co. Ltd.: Key Strategies

List of Figures
Figure 1. Needle Coke Market Segmentation
Figure 2. Needle Coke Market, 2021-2031
Figure 3. Needle Coke Market, 2021-2031
Figure 4. Top Investment Pockets, by Region
Figure 5. Porter Five-1
Figure 6. Porter Five-2
Figure 7. Porter Five-3
Figure 8. Porter Five-4
Figure 9. Porter Five-5
Figure 10. Top Player Positioning
Figure 11. Needle Coke Mark.:Drivers, Restraints and Opportunities
Figure 12. Pricing Analysis
Figure 13. Value Chain Analysis
Figure 14. Key Regulation Analysis
Figure 15. Patent Analysis by Company
Figure 16. Patent Analysis by Country
Figure 17. Market Share Analysis
Figure 18. Needle Coke Market, By Type, 2021(%)
Figure 19. Comparative Share Analysis of Petroleum Based Needle Coke Market, 2021-2031(%)
Figure 20. Comparative Share Analysis of Coal Based Needle Coke Market, 2021-2031(%)
Figure 21. Needle Coke Market, By Application, 2021(%)
Figure 22. Comparative Share Analysis of Graphite Electrodes Needle Coke Market, 2021-2031(%)
Figure 23. Comparative Share Analysis of Lithium-Ion Battery Needle Coke Market, 2021-2031(%)
Figure 24. Comparative Share Analysis of Special Carbon Material Needle Coke Market, 2021-2031(%)
Figure 25. Comparative Share Analysis of Rubber Compounds Needle Coke Market, 2021-2031(%)
Figure 26. Comparative Share Analysis of Others Needle Coke Market, 2021-2031(%)
Figure 27. Needle Coke Market by Region, 2021
Figure 28. U.S. Needle Coke Market, 2021-2031($Million)
Figure 29. Canada Needle Coke Market, 2021-2031($Million)
Figure 30. Mexico Needle Coke Market, 2021-2031($Million)
Figure 31. Germany Needle Coke Market, 2021-2031($Million)
Figure 32. France Needle Coke Market, 2021-2031($Million)
Figure 33. Uk Needle Coke Market, 2021-2031($Million)
Figure 34. Spain Needle Coke Market, 2021-2031($Million)
Figure 35. Italy Needle Coke Market, 2021-2031($Million)
Figure 36. Rest of Europe Needle Coke Market, 2021-2031($Million)
Figure 37. China Needle Coke Market, 2021-2031($Million)
Figure 38. Japan Needle Coke Market, 2021-2031($Million)
Figure 39. India Needle Coke Market, 2021-2031($Million)
Figure 40. South Korea Needle Coke Market, 2021-2031($Million)
Figure 41. Australia Needle Coke Market, 2021-2031($Million)
Figure 42. Rest of Asia-Pacific Needle Coke Market, 2021-2031($Million)
Figure 43. Brazil Needle Coke Market, 2021-2031($Million)
Figure 44. Saudi Arabia Needle Coke Market, 2021-2031($Million)
Figure 45. South Africa Needle Coke Market, 2021-2031($Million)
Figure 46. Rest of LAMEA Needle Coke Market, 2021-2031($Million)
Figure 47. Top Winning Strategies, by Year
Figure 48. Top Winning Strategies, by Development
Figure 49. Top Winning Strategies, by Company
Figure 50. Product Mapping of Top 10 Players
Figure 51. Competitive Dashboard
Figure 52. Competitive Heatmap of Top 10 Key Players
Figure 53. Asbury Carbons In.: Net Sales, ($Million)
Figure 54. Baosteel Grou.: Net Sales, ($Million)
Figure 55. Essar Oil Lt.: Net Sales, ($Million)
Figure 56. Graftech International Ltd.: Net Sales, ($Million)
Figure 57. Heg Limite.: Net Sales, ($Million)
Figure 58. Indian Oil Corporation Lt.: Net Sales, ($Million)
Figure 59. Mitsubishi Chemical Corporatio.: Net Sales, ($Million)
Figure 60. Mott Corporatio.: Net Sales, ($Million)
Figure 61. Nippon Steel Corporatio.: Net Sales, ($Million)
Figure 62. Petroleum Coke Indust.: Net Sales, ($Million)
Figure 63. Phillips 6.: Net Sales, ($Million)
Figure 64. Reliance Industries Lt.: Net Sales, ($Million)
Figure 65. Shell Globa.: Net Sales, ($Million)
Figure 66. Sumitomo Corporatio.: Net Sales, ($Million)
Figure 67. Tokai Carbon Co. Lt.: Net Sales, ($Million)

Executive Summary

According to the report, “Needle Coke Market," the needle coke market size was valued at $2.3 billion in 2021, and is estimated to reach $5.7 billion by 2031, growing at a CAGR of 9.8% from 2022 to 2031.

Needle coke is used as a main material for the electrode in an electric steel furnace, which melts and refines steel scrap. Needle coke graphite is the best material for making lithium-ion battery anodes. Anodes made from synthetic graphite powder are extremely compatible with lithium-based cathodes. Calcined petroleum coke can be used in place of metallurgical coal, as a feedstock for coke oven batteries, as well as pulverized coal directly pumped into blast furnaces.

The growth of the global needle coke industry is majorly attributed to its wide applications in various industries, such as graphite electrodes, lithium-ion battery, special carbon material, rubber compounds, and others. In addition, rising demand for graphite electrodes to power electric arc furnaces for steel producing industries of needle coke, supported by different national industrial policies, is likely to drive the needle coke market growth during the forecast period. Needle coke is a high-quality petroleum coke that is widely used in the steel industry to make graphite electrodes for arc furnaces. Coal tar pitch, which is a by-product of coking metallurgical coal is used in blast furnace steelmaking to make coal-based needle coke.

The electrodes are also used to melt steel scrap, or scrap substitutes, in the case of electric arc furnace (EAF) steelmaking, or to maintain the temperature of molten steel in secondary steelmaking. Super premium grade needle coke is becoming more popular owing to its low sulphur content and remarkable intrinsic features, such as low puffing rate, low coefficient of thermal expansion, and big particle size, which allow for a 5% increase in productivity in steel recycling. Also, surge in preference toward hybrid electric vehicles is driving the market growth during the forecast period.

Rapid adoption of hybrid electric cars due to the implementation of fuel measures by different regulatory organizations, such as the Environmental Protection Agency (EPA), is predicted to result in a rapid shift toward more eco-friendly fuels and energy sources, thereby propelling the demand for hybrid electric vehicles. The U.S. has directed the federal government to acquire 100% zero-emission vehicles (ZEVs) by 2035, with a goal of obtaining 100% zero-emission light-duty vehicles by 2027. The Indian government has announced plans to raise the use of electric vehicles to 30% of private automobiles, 80% of two and three wheelers, and 70% of commercial vehicles by 2030.

However, high production cost of needle coke is projected to hinder the expansion of the market. On the contrary, the needle coke market growth is likely to be propelled by changes in the business environment made by rapid technological improvements. Furthermore, surge in strategic partnerships is expected to create ample growth opportunities for market growth.

The needle coke market is segmented into type, application, and region. On the basis of type, the market is categorized into petroleum-based and coal-based. On the basis of application, the market is categorized into graphite electrodes, lithium-ion battery, special carbon material, rubber compounds, and others. The graphite electrodes segment dominated the global needle coke market in terms of revenue, in 2021. Graphite electrodes are the primary heating element for an electric arc furnace, which is employed in the steelmaking process, which involves melting scrap from old automobiles or appliances to make new steel. Petroleum-based needle coke is widely used to produce graphite electrodes. Region-wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA. The needle coke market share is analyzed across all significant regions and countries.

The major players operating in the global needle coke market include Asbury Carbons Inc., Baosteel Group, Essar Oil Ltd, GrafTech International Ltd, HEG Limited, Indian Oil Corporation, Mitsubishi Chemical Corporation, Mott Corporation, Nippon Steel Corporation, Petroleum Coke Industry, Phillips 66, Reliance Industries, Shell Global, Sumitomo Corporation, and Tokai Carbon Co., Ltd.

COVID-19 Analysis:

The COVID-19 pandemic has had a detrimental impact on the supply of graphite electrodes, as well as the import and export of needle coke. Graphite electrodes are the primary heating element of an electric arc furnace, which is a steelmaking process, in which scrap from old vehicles or appliances is melted to create new steel.

However, the pandemic coupled with the high volatility of crude oil prices has delayed many refinery projects across the globe, which has created increased demand for electric vehicles. According to International Energy Agency, electric car sales were 12% higher year-on-year in China in 2021. However in 2020, electric vehicle sales reached approximately 1.3 million in both, Europe and China, which translates into a share of electric cars in total sales of roughly 10% in Europe, and 5% in China. In the U.S., despite a lack of EV stimulus measures at the federal level, electric car sales were 4% higher in 2020 than 2019. Thus, the growing demand for electric vehicles globally is predicted to propel the demand for needle coke during the COVID-19 pandemic.

Key Findings of the Study

  • By type, the petroleum based segment was the highest revenue contributor to the market in 2021.
  • By application, the graphite electrodes segment was the highest revenue contributor to the market in 2021
  • By region, Asia-Pacific was the highest revenue contributor to the market in 2021, growing with a CAGR of 9.4%
  • China was the highest revenue contributor to the market in 2021, growing with a CAGR of 12.7%
  • South Korea and India are expected to witness considerable CAGRs of 9.6% and 8.1%, respectively, during the forecast period.

Companies Mentioned

  • ASBURY CARBONS INC
  • BAOSTEEL GROUP
  • ESSAR OIL LTD
  • GrafTech International Ltd.
  • HEG LIMITED
  • Indian Oil Corporation Ltd
  • MITSUBISHI CHEMICAL CORPORATION
  • mott corporation
  • NIPPON STEEL CORPORATION
  • PETROLEUM COKE INDUSTY
  • PHILLIPS 66
  • Reliance Industries Ltd
  • SHELL GLOBAL
  • SUMITOMO CORPORATION
  • TOKAI CARBON CO., LTD

Methodology

The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic news articles and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.

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