The Needle Coke Market was worth USD 0.97 billion in the year 2014 and is expected to reach approximately USD 1.61 billion by 2023, while registering itself at a compound annual growth rate (CAGR) of 5.74% during the forecast period.This market defines and segments the Needle Coke Market with an analysis and forecast of Type, Grade, and End User of needle coke. Needle Coke Market is divided into three categories that are type, grade, and end user. Type segments are categories into Coal Tar Pitch Derived, and Petroleum Derived. Grade is classified into Intermediate, Premium, and Super Premium. By End User report are categories into Aluminum Industry, Aerospace, Lithium Battery, Steel, and Nuclear Power.
Intermediate segment holds extensive share in the overall market
Due to high sulfur content of intermediate which is nearly 0.1%w, and moderately higher constant of thermal expansion than premium and super premium needle cokes.
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North America rule in the needle coke market
This region has the high steel production engaging electric arc furnace process in year 2016, which estimates the North America as the leading region in the year 2016.
Petroleum derived needle coke accounts for the leading market share
As Petroleum derived needle coke endures high temperatures in steel production and is moderately less detrimental to the environment. The decline in crude oil prices globally has further upped the demand for petroleum derived needle coke.
The major players included in the report areMitsubishi Chemical Corporation, Indian Oil Corporation Ltd., Seadrift Coke LP, C-ChemCo.Ltd., PETROLEUM COKE INDUSTRIES CO. (K.S.), Bao-steel Group, Sinopec Shanghai Petrochemical Company Limited, Shanxi Hongte Coal Chemical Co. Ltd., Petrochina International Jinzhou Petrochemical Co. Ltd.,, and Shijiazhuang Deli Chemical Co.
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The Needle Coke Market is segmented as follows-
- Petroleum Derived
- Coal Tar Pitch Derived
- Super Premium
By End User:
- Steel Industry
- Aluminum Industry
- Lithium Battery
- Nuclear Power
- Others End Users
- North America
- Rest of Europe
- South Korea
- Rest of Asia Pacific
- Rest of the World
- South Africa
- Saudi Arabia
- United Arab Emirates
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