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Needle Coke Trends and Forecast
The future of the global needle coke market looks promising with opportunities in the graphite electrode and lithium-ion battery markets. The global needle coke market is expected to reach an estimated $4.6 billion by 2030 with a CAGR of 3.5% from 2024 to 2030. The major drivers for this market are rising use of electric vehicles (EVs), growing steel production, continuous technological breakthroughs, growing demand for high-performance materials in lithium-ion batteries, and the discovery of unconventional oil and gas resources.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Needle Coke by Segment
The study includes a forecast for the global needle coke by product type, application, and region.
Needle Coke Market by Product Type [Shipment Analysis by Value from 2018 to 2030]:
• Petroleum Based
• Coal-Tar Pitch Based
Needle Coke Market by Application [Shipment Analysis by Value from 2018 to 2030]:
• Graphite Electrodes
• Lithium-Ion Battery
• Others
Needle Coke Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Needle Coke Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies needle coke companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the needle coke companies profiled in this report include-
• Baosteel
• C-Chem Co
• China National Petroleum
• ENEOS
• Mitsubishi Chemical
• Phillips 66
• PMS Tech
Needle Coke Market Insights
Lucintel forecasts that petroleum based is expected to witness the higher growth over the forecast period due to increasing demand for high-performing electrodes in steel-producing electric arc furnaces, along with the increasing requirement for petroleum needle coke-derived ultra-high-power (UHP) graphite electrodes.
APAC is expected to witness highest growth over the forecast period due to the regionÄX%$%Xs booming steel and automotive sectors, the increase in the use of electric vehicles, as well as, quick infrastructure development and industrialization in nations like China and India.
Features of the Global Needle Coke Market
Market Size Estimates: Needle coke market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Needle coke market size by product type, application, and region in terms of value ($B).
Regional Analysis: Needle coke market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different product type, application, and regions for the needle coke market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the needle coke market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the needle coke market size?
Answer: The global needle coke market is expected to reach an estimated $4.6 billion by 2030.
Q2. What is the growth forecast for needle coke market?
Answer: The global needle coke market is expected to grow with a CAGR of 3.5% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the needle coke market?
Answer: The major drivers for this market are rising use of electric vehicles (EVs), growing steel production, continuous technological breakthroughs, growing demand for high-performance materials in lithium-ion batteries, and the discovery of unconventional oil and gas resources.
Q4. What are the major segments for needle coke market?
Answer: The future of the global needle coke market looks promising with opportunities in the graphite electrode and lithium-ion battery markets.
Q5. Who are the key needle coke market companies?
Answer: Some of the key needle coke companies are as follows:
• Baosteel
• C-Chem Co
• China National Petroleum
• ENEOS
• Mitsubishi Chemical
• Phillips 66
• PMS Tech
Q6. Which needle coke market segment will be the largest in future?
Answer: Lucintel forecasts that petroleum based is expected to witness the higher growth over the forecast period due to increasing demand for high-performing electrodes in steel-producing electric arc furnaces, along with the increasing requirement for petroleum needle coke-derived ultra-high-power (UHP) graphite electrodes.
Q7. In needle coke market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness highest growth over the forecast period due to the regionÄX%$%Xs booming steel and automotive sectors, the increase in the use of electric vehicles, as well as, quick infrastructure development and industrialization in nations like China and India.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the needle coke market by product type (petroleum based and coal-tar pitch based), application (graphite electrodes, lithium-ion battery, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Needle Coke Market, Needle Coke Market Size, Needle Coke Market Growth, Needle Coke Market Analysis, Needle Coke Market Report, Needle Coke Market Share, Needle Coke Market Trends, Needle Coke Market Forecast, Needle Coke Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.
Table of Contents
1. Executive Summary
2. Global Needle Coke Market : Market Dynamics
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges
3. Market Trends and Forecast Analysis from 2018 to 2030
3.1. Macroeconomic Trends (2018-2023) and Forecast (2024-2030)
3.2. Global Needle Coke Market Trends (2018-2023) and Forecast (2024-2030)
3.3: Global Needle Coke Market by Product Type
3.3.1: Petroleum Based
3.3.2: Coal-tar Pitch Based
3.4: Global Needle Coke Market by Application
3.4.1: Graphite Electrodes
3.4.2: Lithium-ion Battery
3.4.3: Others
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
4.1: Global Needle Coke Market by Region
4.2: North American Needle Coke Market
4.2.2: North American Needle Coke Market by Application: Graphite Electrodes, Lithium-ion Battery
, and Others
4.3: European Needle Coke Market
4.3.1: European Needle Coke Market by Product Type: Petroleum Based and Coal-tar Pitch Based
4.3.2: European Needle Coke Market by Application: Graphite Electrodes, Lithium-ion Battery, and Others
4.4: APAC Needle Coke Market
4.4.1: APAC Needle Coke Market by Product Type: Petroleum Based and Coal-tar Pitch Based
4.4.2: APAC Needle Coke Market by Application: Graphite Electrodes, Lithium-ion Battery, and Others
4.5: ROW Needle Coke Market
4.5.1: ROW Needle Coke Market by Product Type: Petroleum Based and Coal-tar Pitch Based
4.5.2: ROW Needle Coke Market by Application: Graphite Electrodes, Lithium-ion Battery, and Others
5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Operational Integration
5.3: Porter’s Five Forces Analysis
6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global Needle Coke Market by Product Type
6.1.2: Growth Opportunities for the Global Needle Coke Market by Application
6.1.3: Growth Opportunities for the Global Needle Coke Market by Region
6.2: Emerging Trends in the Global Needle Coke Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of the Global Needle Coke Market
6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Needle Coke Market
6.3.4: Certification and Licensing
7. Company Profiles of Leading Players
7.1: Baosteel
7.2: C-Chem Co
7.3: China National Petroleum
7.4: ENEOS
7.5: Mitsubishi Chemical
7.6: Phillips 66
7.7: PMS Tech
.
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Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
In-depth interviews of the major players in this market
Detailed secondary research from competitors’ financial statements and published data
Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.
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