Reports
Global Needle Coke Market Size, Share, Trends, Forecast: By Type: Coal-Based Needle Coke, Petroleum-Based Needle Coke; By Grade: Premium Grade, Intermediate Grade, Super Premium Grade; By Application: Lithium-Ion Battery, Electrode, Special Carbon Material, Rubber compounds, Others; Regional Analysis; Competitive Landscape; 2024-2032
Global Needle Coke Market Outlook
The global needle coke market is expected to grow at a CAGR of 6% in the forecast period of 2024-2032.
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Increasing Demand for Super Premium Grade Segment to Augment the Needle Coke Industry Growth
Based on grade, the super premium grade segment accounts for a significant share in the needle coke industry. This can be attributed to the rare inherent properties as well as the low content of sulphur found in the needle coke of this grade, which, in turn, allows this segment to have a wide variety of applications related to carbon and steel. Moreover, the needle coke of super premium grade possesses properties like large particle size, low puffing rate, and low coefficient of thermal expansion. These properties allow better productivity in steel recycling operations. Furthermore, super premium grade is perceived as the best grade for the production of premium quality ultra-high power (UHP) graphite electrodes.
The Asia Pacific to Provide Enhanced Growth Opportunities to the Needle Coke Industry
Region-wise, the Asia Pacific is expected to witness a robust growth over the forecast period. The initiatives of Indian government to promote the culture of manufacturing goods domestically are expected to reduce dependence on imports and increase the regional production capacity. This, in turn, is likely to present industrial manufacturers and graphite producers with immense growth opportunities. Moreover, the emergence of technologies in the Asia Pacific like electric-arc furnace (EAF), which are already being used in other regions like North America, is anticipated to propel the growth of the market over the forecast period.
Needle Coke: Market Segmentation
Needle coke is a petroleum coke of high value and premium grade that is utilised in the production of graphite electrodes, which possess low coefficient of thermal expansion. These electrodes are used in the steel industry for electric arc furnaces. Highly specific calcination conditions, coking conditions, and feedstocks are needed for needle coke production.
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By type, the market is divided into:
- Coal-Based Needle Coke
- Petroleum-Based Needle Coke
Based on grade, the industry can be segmented into:
- Premium Grade
- Intermediate Grade
- Super Premium Grade
The market is divided based on application into:
- Lithium-Ion Battery
- Electrode
- Special Carbon Material
- Rubber Compounds
- Others
The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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Increasing Demand for Electric Vehicles to Bolster the Growth of the Needle Coke Industry
The rapidly rising demand for electric vehicles has had a positive impact on the growth of the needle coke industry. The vehicle manufacturers are finding a growing number of applications of lithium-ion batteries in battery electric vehicle (BEV) and hybrid electric vehicle (HEV) industries, and as a result, the needle coke industry is thriving. Moreover, the favourable government policies motivating people for the use of electric vehicles have proved to be a key driver of the growth of the market.
Over the forecast period, the growing awareness regarding the reduction of carbon emissions and the volatility of fuel prices are expected to be important factors that will determine the global standing of the market.
Key Industry Players in the Global Needle Coke Market
The report gives a detailed analysis of the following key players in the global needle coke market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- Mitsubishi Chemical Corporation
- GrafTech International Holdings Inc.
- C-Chem Co. Ltd.
- Phillips 66 Company
- Asbury Carbons Inc.
- Others
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Type, Grade, Application, Region |
| Breakup by Type | Coal-Based Needle Coke, Petroleum-Based Needle Coke |
| Breakup by Grade | Premium Grade, Intermediate Grade, Super Premium Grade |
| Breakup by Application | Lithium-Ion Battery, Electrode, Special Carbon Material, Rubber compounds, Others |
| Breakup by Region | North America, Latin America, Europe, Middle East and Africa, Asia Pacific |
| Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
| Price Analysis | Historical and Forecast Price Trends-Regional |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | Mitsubishi Chemical Corporation, GrafTech International Holdings Inc., C-Chem CO.,Ltd., Phillips 66 Company, Asbury Carbons, Inc., Others |
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Industry Opportunities and Challenges
8 Global Needle Coke Market Analysis
8.1 Key Industry Highlights
8.2 Global Needle Coke Historical Market (2018-2023)
8.3 Global Needle Coke Market Forecast (2024-2032)
8.4 Global Needle Coke Market by Type
8.4.1 Coal-Based Needle Coke
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2023)
8.4.1.3 Forecast Trend (2024-2032)
8.4.2 Petroleum-Based Needle Coke
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2023)
8.4.2.3 Forecast Trend (2024-2032)
8.5 Global Needle Coke Market by Grade
8.5.1 Premium Grade
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2023)
8.5.1.3 Forecast Trend (2024-2032)
8.5.2 Intermediate Grade
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2023)
8.5.2.3 Forecast Trend (2024-2032)
8.5.3 Super Premium Grade
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2018-2023)
8.5.3.3 Forecast Trend (2024-2032)
8.6 Global Needle Coke Market by Application
8.6.1 Lithium-Ion Battery
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2018-2023)
8.6.1.3 Forecast Trend (2024-2032)
8.6.2 Electrode
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2023)
8.6.2.3 Forecast Trend (2024-2032)
8.6.3 Special Carbon Material
8.6.3.1 Market Share
8.6.3.2 Historical Trend (2018-2023)
8.6.3.3 Forecast Trend (2024-2032)
8.6.4 Rubber compounds
8.6.4.1 Market Share
8.6.4.2 Historical Trend (2018-2023)
8.6.4.3 Forecast Trend (2024-2032)
8.6.5 Others
8.7 Global Needle Coke Market by Region
8.7.1 Market Share
8.7.1.1 North America
8.7.1.2 Europe
8.7.1.3 Asia Pacific
8.7.1.4 Latin America
8.7.1.5 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.1.3 Breakup by Country
9.1.3.1 United States of America
9.1.3.2 Canada
9.2 Europe
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
9.2.3 Breakup by Country Kingdom
9.2.3.1 United
9.2.3.2 Germany
9.2.3.3 France
9.2.3.4 Italy
9.2.3.5 Others
9.3 Asia Pacific
9.3.1 Historical Trend (2018-2023)
9.3.2 Forecast Trend (2024-2032)
9.3.3 Breakup by Country
9.3.3.1 China
9.3.3.2 Japan
9.3.3.3 India
9.3.3.4 ASEAN
9.3.3.5 Australia
9.3.3.6 Others
9.4 Latin America
9.4.1 Historical Trend (2018-2023)
9.4.2 Forecast Trend (2024-2032)
9.4.3 Breakup by Country
9.4.3.1 Brazil
9.4.3.2 Argentina
9.4.3.3 Mexico
9.4.3.4 Others
9.5 Middle East and Africa
9.5.1 Historical Trend (2018-2023)
9.5.2 Forecast Trend (2024-2032)
9.5.3 Breakup by Country
9.5.3.1 Saudi Arabia
9.5.3.2 United Arab Emirates
9.5.3.3 Nigeria
9.5.3.4 South Africa
9.5.3.5 Others
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 Key Indicators for Demand
10.4 Key Indicators for Price
11 Value Chain Analysis
12 Price Analysis
12.1 North America Historical Price Trends (2018-2023) and Forecast (2024-2032)
12.2 Europe Historical Price Trends (2018-2023) and Forecast (2024-2032)
12.3 Asia Pacific Historical Price Trends (2018-2023) and Forecast (2024-2032)
12.4 Latin America Historical Price Trends (2018-2023) and Forecast (2024-2032)
12.5 Middle East and Africa Historical Price Trends (2018-2023) and Forecast (2024-2032)
13 Competitive Landscape
13.1 Market Structure
13.2 Company Profiles
13.2.1 Mitsubishi Chemical Corporation
13.2.1.1 Company Overview
13.2.1.2 Product Portfolio
13.2.1.3 Demographic Reach and Achievements
13.2.1.4 Certifications
13.2.2 GrafTech International Holdings Inc.
13.2.2.1 Company Overview
13.2.2.2 Product Portfolio
13.2.2.3 Demographic Reach and Achievements
13.2.2.4 Certifications
13.2.3 C-Chem CO.,Ltd.
13.2.3.1 Company Overview
13.2.3.2 Product Portfolio
13.2.3.3 Demographic Reach and Achievements
13.2.3.4 Certifications
13.2.4 Phillips 66 Company
13.2.4.1 Company Overview
13.2.4.2 Product Portfolio
13.2.4.3 Demographic Reach and Achievements
13.2.4.4 Certifications
13.2.5 Asbury Carbons, Inc.
13.2.5.1 Company Overview
13.2.5.2 Product Portfolio
13.2.5.3 Demographic Reach and Achievements
13.2.5.4 Certifications
13.2.6 Others
14 Industry Events and Developments
List of Key Figures and Tables
1. Global Needle Coke Market: Key Industry Highlights, 2018 and 2032
2. Global Needle Coke Historical Market: Breakup by Type (USD Billion), 2018-2023
3. Global Needle Coke Market Forecast: Breakup by Type (USD Billion), 2024-2032
4. Global Needle Coke Historical Market: Breakup by Grade (USD Billion), 2018-2023
5. Global Needle Coke Market Forecast: Breakup by Grade (USD Billion), 2024-2032
6. Global Needle Coke Historical Market: Breakup by Application (USD Billion), 2018-2023
7. Global Needle Coke Market Forecast: Breakup by Application (USD Billion), 2024-2032
8. Global Needle Coke Historical Market: Breakup by Region (USD Billion), 2018-2023
9. Global Needle Coke Market Forecast: Breakup by Region (USD Billion), 2024-2032
10. North America Needle Coke Historical Market: Breakup by Country (USD Billion), 2018-2023
11. North America Needle Coke Market Forecast: Breakup by Country (USD Billion), 2024-2032
12. Europe Needle Coke Historical Market: Breakup by Country (USD Billion), 2018-2023
13. Europe Needle Coke Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Asia Pacific Needle Coke Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Asia Pacific Needle Coke Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Latin America Needle Coke Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Latin America Needle Coke Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Middle East and Africa Needle Coke Historical Market: Breakup by Country (USD Billion), 2018-2023
19. Middle East and Africa Needle Coke Market Forecast: Breakup by Country (USD Billion), 2024-2032
20. North America Historical Price Trends and Forecast 2018-2028
21. Europe Historical Price Trends and Forecast 2018-2028
22. Asia Pacific Historical Price Trends and Forecast 2018-2028
23. Latin America Historical Price Trends and Forecast 2018-2028
24. Middle East and Africa Historical Price Trends and Forecast 2018-2028
25. Global Needle Coke Market Structure
Key Questions Answered in the Report
The market is projected to grow at a CAGR of 6% between 2024 and 2032.
The major drivers of the market include favourable government policies, growing awareness regarding the reduction of carbon emissions, volatility of fuel prices, and the emergence of technologies.
The rapidly rising demand for electric vehicles and the growing number of applications of lithium-ion batteries are the key industry trends propelling the market's growth.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
Coal-based needle coke and petroleum-based needle coke are the types of needle coke in the market.
Based on grade, the industry can be segmented into premium grade, intermediate grade, and super premium grade.
Based on applications, the industry is divided into lithium-ion battery, electrode, special carbon material, and rubber compounds, among others.
The major players in the industry are Mitsubishi Chemical Corporation, GrafTech International Holdings Inc., C-Chem CO. Ltd., Phillips 66 Company, and Asbury Carbons Inc., among others.
Analyst Review
The global needle coke market was driven by the rapidly rising demand for electric vehicles in the historical period. Aided by favourable government policies and the growing number of applications of lithium-ion batteries, the market is expected to witness further growth in the forecast period of 2024-2032, growing at a CAGR of 6%.
EMR's meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Coal-based needle coke and petroleum-based needle coke are the types of needle coke in the market. Based on grade, the industry can be segmented into premium grade, intermediate grade, and super premium grade. Based on applications, the industry is divided into lithium-ion battery, electrode, special carbon material, and rubber compounds, among others. The major regional markets for the needle coke are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The major players in the industry are Mitsubishi Chemical Corporation, GrafTech International Holdings Inc., C-Chem CO. Ltd., Phillips 66 Company, and Asbury Carbons Inc., among others.
EMR's research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable and help them remain ahead of their competition.
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