Global Needle Coke market to reach USD XX billion by 2027.
Global Needle Coke market is valued at approximately USD XX million in 2020 and is anticipated to grow with a healthy growth rate of more than 12% over the forecast period 2021-2027. In an electric furnace, needle coke is utilised as the principal raw material for graphite electrodes. It is a high-quality, high-value petroleum coke used in the steel industry to make graphite electrodes with a very low coefficient of thermal expansion (CTE) for electric arc furnaces. It takes up to six months to create the electrodes using procedures such as baking and rebaking to transform the coke into graphite. Graphite has a high thermal conductivity and is heat and impact resistant. It also has a low electrical resistance, which is required to conduct the huge electrical currents required to melt iron and can thus withstand extremely high temperatures. Furthermore, because of its larger graphite electrode manufacturing facilities and broad market, China is one of the main consumers and importers of needle coke. Manufacturers of graphite electrodes are primarily focused on producing UHP graphite electrodes for steel manufacturing, boosting the needle coke market over the forecast period. China is the world's largest steel-producing country. China produced roughly 996.3 million tonnes of steel in 2019, compared to 1868.8 million tonnes of total global steel production, accounting for more than half of total global steel output. China is the world's largest manufacturer of lithium-ion batteries. However, impact of COVID-19 pandemic have impeded the market growth over the forecast years.

The regional analysis of the global Needle Coke market is segmented for the key regions such as North America, Europe, Asia Pacific, Latin America, and Rest of the World (ROW). Asia Pacific is the dominating region across the world in terms of market share due growing demand for graphite electrodes and lithium-ion batteries in the region. Whereas Europe is also anticipated to exhibit the highest growth rate over the forecast period 2021-2027, due to the growing demand for lithium-ion batteries and the rising availability of steel scrap across the region.

Major market player included in this report are:

Baosteel Group
C-Chem Co., Ltd.
China National Petroleum Corporation
JX Nippon Oil & Gas Exploration Corporation
Kaifeng Pingmei New Carbon Material Technology Co. Ltd (KFCC)
Mitsubishi Chemical Corporation
Phillips 66 Company
PMS Tech
Seadrift Coke L.P.
Shandong Jing Yang Technology Co. Ltd
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Type:
Petroleum Derived
Coal-tar Pitch Derived
By Application:
Graphite Electrodes
Lithium-ion Battery
Other Applications

By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year - 2017, 2018-19
Base year - 2019-2020
Forecast period - 2021 to 2027.

Target Audience of the Global Needle Coke market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors