Global Needle Coke Market

Global Needle Coke Market- By Grade (Super-premium, Premium-grade, Intermediate-grade), By Application (Electrode, Silicon metals & ferroalloys, Carbon black, Rubber compounds, Others), and By Region (North America, Europe, Asia Pacific, South America, and Middle East, & Africa)- Global forecast from 2020-2027.

Global Needle Coke Market Overview:

Needle coke is a high-quality variety that has vigorously developed in carbon materials. Its appearance is a silver-gray, metallic luster porous solid; its structure has a clear flowing texture, the pores are large but few and slightly oval, and the particles have a considerable length. It is usually used as a raw material for the production of carbon materials such as high-power electrodes and ultra-high-power electrodes.

Global Needle Coke Market Insights

The global needle coke market has the potential to grow with USD 10.2 billion with historical CAGR in the forecast period from 2020-2027. Due to the large-scale growth of electric furnace steelmaking in the world and the accelerated growth of electric car production is fueling the market demand for needle coke.

Additionally, the newly built electric furnace steel plant, which directly led to the explosion of the graphite electrode market have sharply pulled the demand for needle coke in the global market.

Needle coke is widely used in the electric furnace steelmaking industry as it possesses unique performance characteristics. In recent years, with the progress of society and technological innovation, the energy-saving and efficient electronic furnace steelmaking technology has also developed rapidly. The use of ultra-high-power graphite electrodes in the electric furnace steelmaking process has increased year by year are fueling the market growth of the global needle coke market.

Furthermore, the needle coke currently produced can be divided into lithium battery negative electrode field, graphite electrode field, and other fields according to different application fields. From the perspective of market segmentation, lithium battery anodes, and graphite electrodes are the main application markets for needle coke.

The needle coke divided into two types of oil systems and coal systems, and their production methods are somewhat different. The difference in the production process of coal-based needle coke and oil-based needle coke mainly lies in the raw material pretreatment. The main component of the coal tar pitch is aromatic hydrocarbons, but it contains a certain amount of quinoline insoluble.

Moreover, with rising environmental protection regulations and supply-side reforms, the growth rate of electric furnace steelmaking has accelerated. Thus, driving the demand for needle coke for ultra-high power and high-power graphite electrodes, and the need for artificial graphite anodes for lithium-ion power batteries in recent years has also emerged.

Growth Driver

Rising demand for the carbon industry

The carbon industry will rely more and more on needle coke. Needle coke resources are very scarce and as high-quality material for manufacturing high-power and ultra-high-power electrodes. Graphite electrodes made from needle coke have strong thermal shock resistance, high mechanical strength, excellent oxidation performance, low electrode consumption, and considerable allowable current density advantage.

Emerging electric furnace

Needle coke is one of the artificial graphite. It has a low thermal expansion coefficient, low porosity, low sulfur, little ash, low metal content, high conductivity, and easy graphitization. The graphitized products have excellent chemical stability, corrosion resistance, high thermal conductivity, good mechanical strength at low and high temperatures. They are mainly used to produce high-power (HP) and ultra-high-power (UHP) graphite electrodes and special carbons for electric furnace steelmaking.

By Grade Segmental Analysis

Based on the grade, the global needle coke market categorized into Super-premium, Premium-grade, Intermediate-grade. The super-premium segment accounted for the largest share in the global needle coke market. Super-premium grade has intensified properties such as low sulfur content, little ash, and deceitful of thermal expansion is likely to bolster the market demand of premium grade. Needle coke with a super-premium degree also possesses a low puffing rate, and large particle size, which helps in increasing higher productivity in steel recycling operations.  Additionally, Needle coke has a series of advantages such as low thermal expansion coefficient, low impurity content, high conductivity, and easy graphitization. They are mainly used to produce high-power (HP) and ultra-high-power (UHP) graphite electrodes, as well as lithium battery anode materials.

Moreover, UHP graphite electrodes have the characteristics of excellent performance, high mechanical strength, strong resistance to oxidation and corrosion at high temperatures, and widely used in smelting various alloy steels. Thus, it increases the market share for the global needle coke market in the forecast period from 2020-2027.

By Application Segmental Analysis

Based on the application, the global needle coke market classified into Electrode, Silicon metals & ferroalloys, Carbon black, Rubber compounds, Others. The electrode segment has dominated the largest share in the global needle coke market. It is mainly owing to the graphite electrode made of needle coke has the advantages of strong thermal shock resistance, high mechanical strength, excellent oxidation performance, low electrode consumption, and large allowable current density. Needle coke generally used as an electrode material for electric furnace steelmaking in the process of dissolving and refining scrap iron. Moreover, its application in electrodes can also use in lithium-ion batteries, electrochemical capacitors, nuclear graphite, and other aspects. Therefore, the electrode is fueling the market demand for the global needle coke market.

By Region Segmental Analysis

Based on geography, the global needle coke market segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa. North America region is dominating the global needle coke market. It is mainly owing to the emerging steel producing companies and adoption of technology in furnaces that are bolstering electric-arc furnace that is propelling the market demand for mills. Moreover, Asia Pacific will lead the market demand in the forecast period for the needle coke market. It is due to emerging opportunities for graphite manufacturers are rising, and increasing domestic productions are fueling the market demand for needle coke in the Asia Pacific region.

Competitor Analysis

Companies such as Phillips 66, Asbury Carbon Inc., Seadrift Coke LP, Sumitomo Chemical Company, Mitsubishi Chemical Corp., JXTG Nippon Oil & Energy Corp., Indian Oil Corporation Limited, and others are key players in the global needle coke market.

Key Stakeholders                                     

  • Market research and consulting firms
  • Industry associations
  • Global needle coke service companies
  • Research organizations and consulting companies’ needle coke
  • Regulatory bodies

The objective of the Research

  • Market modeling starts with identifying a target market where historical data exists. A Market can include prediction problems, economic factors, analyzing customer behavior, and identifying new patterns from past events, which helps our client to have deep dive into the market.
  • Product analysis involves steps such as examining product features, costs, availability, quality, and other aspects. Product analysis is conducted to understand potential buyers and measure competition in the market.
  • Market Trend and Economic Factors Analysis helps in assessing potential changes to an economy’s inflation rate, taxes, interest rates, exchange rates, trading regulations, and excise duties that can or have a major effect on the target market.
  • Market Segmental Analysis defines in-depth scenario of the target market by the process of grouping consumers into naturally existing created segments of consumers who share similar product preferences or characteristics
  • The geographical mapping approach helps our clients to understand national or international markets because different consumers in different regions have different needs wants, and cultural characteristics that can be specifically targeted.

Market Modelling

By Grade

  • Super-premium
  • Premium-grade
  • Intermediate-grade

By Application

  • Electrode
  • Silicon metals & ferroalloys
  • Carbon black
  • Rubber compounds
  • Others

By Region

  • Europe
  • North America
  • Asia Pacific
  • South America
  • Middle East & Africa

Global Needle Coke Market

Report Content

  1. Research Strategic Development
    • Market Modelling
    • Product Analysis
    • Market Trend and Economic Factors Analysis
    • Market Segmental Analysis
    • Geographical Mapping
    • Country Wise Segregation
  2. Research Methodology
    • Identification of Target Market
    • Data Acquisition
    • Refining of Data/ Data Transformations
    • Data Validation through Primary Techniques
    • Exploratory Data Analysis
    • Graphical Techniques/Analysis
    • Quantitative Techniques/Analysis
    • Visual Result/Presentation
  3. Executive Summary
  4. Market Insights
    • Economic Factor Analysis
      • Drivers
      • Trends
      • Opportunities
      • Challenges
    • Competitors & Product Analysis
    • Regulatory Framework
    • Company market share analysis, 2019
    • Porter’s Five forces analysis
    • New Investment Analysis
    • PESTEL Analysis
  5. Global Needle Coke Market Overview
    • Market Size & Forecast, 2016-2027
      • Demand
        • By Value (USD Million)
      • Consumption
        • By Volume (Kilo Tons)
      • Market Share & Forecast, 2016-2027
        • By Grade
          • Super-premium
          • Premium-grade
          • Intermediate-grade
        • By Application
          • Electrode
          • Silicon metals & ferroalloys
          • Carbon black
          • Rubber compounds
          • Others
        • By Region
          • Europe
          • North America
          • Asia Pacific
          • South America
          • Middle East & Africa
  1. Europe Needle Coke Market Overview
    • Europe Needle Coke Market Size & Forecast, 2016-2027
      • Demand
        • By Value (USD Million)
      • Consumption
        • By Volume (Kilo Tons)
      • Europe Needle Coke Market Share & Forecast, 2016-2027
        • By Grade
          • Super-premium
          • Premium-grade
          • Intermediate-grade
        • By Application
          • Electrode
          • Silicon metals & ferroalloys
          • Carbon black
          • Rubber compounds
          • Others
        • By Country
          • Germany
          • UK
          • France
          • Italy
          • Rest of Europe
        • Company Market Share (Top 3-5)
        • Economic Impact Study on Europe Needle Coke Market
  1. North Needle Coke Market Overview
    • North America Needle Coke Market Size & Forecast, 2016-2027
      • Demand
        • By Value (USD Million)
      • Consumption
        • By Volume (Kilo Tons)
      • North America Needle Coke Market Share & Forecast, 2016-2027
        • By Grade
          • Super-premium
          • Premium-grade
          • Intermediate-grade
        • By Application
          • Electrode
          • Silicon metals & ferroalloys
          • Carbon black
          • Rubber compounds
          • Others
        • By Country
          • US
          • Canada
          • Mexico
        • Company Market Share (Top 3-5)
        • Economic Impact Study on North America Needle Coke Market
  1. Asia Pacific Needle Coke Market Overview
    • Asia Pacific Needle Coke Market Size & Forecast, 2016-2027
      • Demand
        • By Value (USD Million)
      • Consumption
        • By Volume (Kilo Tons)
      • Asia Pacific Needle Coke Market Share & Forecast, 2016-2027
        • By Grade
          • Super-premium
          • Premium-grade
          • Intermediate-grade
        • By Application
          • Electrode
          • Silicon metals & ferroalloys
          • Carbon black
          • Rubber compounds
          • Others
        • By Country
          • China
          • India
          • Japan
          • Australia
          • Rest of Asia Pacific
        • Company Market Share (Top 3-5)
        • Economic Impact Study on Asia Pacific Needle Coke Market
  1. South America Needle Coke Market Overview
    • South America Needle Coke Market Size & Forecast, 2016-2027
      • Demand
        • By Value (USD Million)
      • Consumption
        • By Volume (Kilo Tons)
      • South America Needle Coke Market Share & Forecast, 2016-2027
        • By Grade
          • Super-premium
          • Premium-grade
          • Intermediate-grade
        • By Application
          • Electrode
          • Silicon metals & ferroalloys
          • Carbon black
          • Rubber compounds
          • Others
        • By Country
          • Brazil
          • Argentina
          • Rest of South America
        • Company Market Share (Top 3-5)
        • Economic Impact Study on South America Needle Coke Market
  1. Middle East & Africa Needle Coke Market Overview
    • Middle East & Africa Needle Coke Market Size & Forecast, 2016-2027
      • Demand
        • By Value (USD Million)
      • Consumption
        • By Volume (Kilo Tons)
      • Middle East & Africa Needle Coke Market Share & Forecast, 2016-2027
        • By Grade
          • Super-premium
          • Premium-grade
          • Intermediate-grade
        • By Application
          • Electrode
          • Silicon metals & ferroalloys
          • Carbon black
          • Rubber compounds
          • Others
        • By Country
          • Saudi Arabia
          • UAE
          • South Africa
          • Rest of Middle East & Africa
        • Company Market Share (Top 3-5)
        • Economic Impact Study on Middle East & Africa Needle Coke Market
  1. Competitor Analysis
    • Company Description
    • Financial Analysis
    • Key Products
    • Key Management Personnel
    • Contact Address
    • SWOT Analysis
    • Company Profile
      • Phillips 66
      • Asbury Carbon Inc.
      • Seadrift Coke L.P.
      • Sumitomo Chemical Company
      • Mitsubishi Chemical Corp.
      • JXTG Nippon Oil & Energy Corp.
      • Indian Oil Corporation Limited
      • Other players