Needle Coke Market Forecast to hit £ 5.88Bn in 2027

 

Market Size – USD 3.65 Billion in 2019, Market Growth - CAGR of 6.5%, Market trends – Increased application in Lithium-ion batteries

The latest research report by Emergen Research, named ‘Global Needle Coke Market- Forecast to 2027’, entails a comprehensive review of the global Needle Coke market’s present and future trends. The report gathers viable information on the most established industry players, sales and distribution channels, regional spectrum, estimated market share and size, and revenue estimations over the forecast timeframe. The study is inclusive of a profound analysis of this business sphere focuses on the overall remuneration of the market over the projected period. The study also includes significant information pertinent to the Needle Coke industry, particularly the current COVID-19 scenario. Exhaustive coverage of the COVID-19 impact on the Needle Coke industry is a major attraction of the report.

The global health emergency has beleaguered the global economy, thereby disrupting this particular business domain’s functioning mechanism. It assesses the present market scenario and forecasts the pandemic’s aftermath in this business sector to help organizations boost their COVID-19 preparedness. The market intelligence report takes a closer view of the global market share, estimated growth rate, future market trends, entry-level barriers, fundamental market drivers, restraints, challenges, and opportunities. The report clearly defines the Needle Coke market position on a global level. The detailed insights into the market’sgeographical spectrum offered by the report make it an excellent source of knowledge about the Needle Coke industry.

To identify the key trends in the industry and read full summary click on the link: https://www.emergenresearch.com/industry-report/needle-coke-market

Key Highlights From The Report

In September 2020, Indian Oil Corporation announced its plan to invest Rs1,268 crore or USD 1.7 Million in a new petroleum needle coke in Odisha at its Paradip Refinery unit. The unit is proposed to have a capacity of 56ktpy.

Coal-based needle coke has an inherent advantage over the petroleum coke as it is more aromatic and has fewer side effects attached to the aromatic rings. If treated properly, the needle coke from coal-based feedstock could be superior to that from the petroleum-based feedstock.

The super-premium grade exhibits a low puffin rate, low coefficient of thermal expansion (CTE), which ensures higher productivity by 5% in the recycling operations of steel. The super-premium grade is also the finest grade used in the production of high-quality ultra-high power (UHP) graphite electrodes.

Graphite electrodes find application in the ladle furnace (LF) and electric arc furnace (EAF) for the production of silicon metal, steel, melting processes, and ferroalloy production, among others.

The market in the Asia Pacific region dominated the needle coke market share in the year 2019 and is anticipated to have a CAGR of 7.5% during the forecast period. The high market share in the region is due to the growth of the manufacturing sector and growing infrastructure.

Key participants include Mitsubishi Chemical Corporation, Phillips 66, Graftech International, Indian Oil Corporation Limited, Sumitomo Chemical Company, Sojitz Ject Corporation, China National Petroleum Corporation, Baosteel Group, Asbury Carbon Inc., and Graphite India Limited, among others

To get a customized sample of the report, click on the link mentioned alongside @ https://www.emergenresearch.com/request-sample-form/242

The research provides answers to the following key questions:

What is the expected market size of the Needle Coke market for the forecast period 2020 - 2027? What will be the growth rate of the industry during the estimated period?

What are the major driving forces shaping the future of the Needle Coke industry worldwide?

Who are the major vendors in the industry and what are their strategies to reap more profits and reduce costs?

What are the trends from the past and future that are likely to favor the progress of the Needle Coke industry worldwide?

What are the major threats and challenges that hinder the development of the industry?

What are the opportunities in store for the business owners operating in the market?  

Product Type Outlook (Revenue, USD Billion; 2017-2027)

1. Coal-Based Needle Coke
2. Petroleum-Based Needle Coke

Grade Outlook (Revenue, USD Billion; 2017-2027)

1. Super-Premium Grade
2. Premium Grade
3. Intermediate-Premium Grade

Application Outlook (Revenue, USD Billion; 2017-2027)

1. Electrodes
2. Silicon Metal & Ferroalloys
3. Carbon Black
4. Rubber Compounds
5. Others

To identify the key trends in the industry and read full summary click on the link: https://www.emergenresearch.com/industry-report/needle-coke-market

Regional Analysis Covers:

1. North America (U.S., Canada)
2. Europe (U.K., Italy, Germany, France, Rest of EU)
3. Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
4. Latin America (Chile, Brazil, Argentina, Rest of Latin America)
5. Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)