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Needle Coke Market Size, Share & Trends Analysis Report by Grade (Super-Premium, Premium-Grade, Intermediate Grade), Application (Electrode, Silicon Metals & Ferroalloys), and Region with Growth Forecasts, 2025-2030- Product Image
Needle Coke Market Size, Share & Trends Analysis Report by Grade (Super-Premium, Premium-Grade, Intermediate Grade), Application (Electrode, Silicon Metals & Ferroalloys), and Region with Growth Forecasts, 2025-2030- Product Image
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Needle Coke Market Size, Share & Trends Analysis Report by Grade (Super-Premium, Premium-Grade, Intermediate Grade), Application (Electrode, Silicon Metals & Ferroalloys), and Region with Growth Forecasts, 2025-2030

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  • 150 Pages
  • February 2025
  • Region: Global
  • Grand View Research
  • ID: 5990641
Description Jump to:
The Needle Coke Market was valued at USD 4.93 billion in 2024, and is projected to reach USD 9.00 billion by 2030, rising at a CAGR of 10.90%. Surging demand for needle coke in the manufacturing of lithium-ion battery is a key factor driving the industry growth.

Needle coke is a primary element used in the manufacturing of graphite electrodes. The utilization of graphite in batteries has expanded at a robust pace over the past few years. It is the second heaviest component in lithium-ion batteries. These batteries require up to 10 to 20 times more graphite than lithium. Growth of steel industry along with increasing demand from lithium-ion batteries in electric vehicles is likely to remain a key driving factor for market growth in this region.

Rapid increase in demand for lithium-ion batteries from the automotive industry is expected to fuel the growth of needle coke industry. In addition, rising focus on the reduction of automobile weight to improve fuel efficiency and reduce carbon emissions is anticipated to drive the industry growth further. Graphite helps in providing substantial weight reduction and enhances the efficiency of batteries.

ConocoPhillips, Asbury, Sumitomo Chemical Company, and Seadrift Coke are the major players in the market for needle coke. These companies have a strong customer base, differential product offerings, and a robust distribution network across the globe. The threat of new entrants in the market is low due to high initial investments required for setting up manufacturing units and stringent government regulations.

Needle Coke Market Report Highlights

  • The super-premium grade was valued at 46.9% in 2024, primarily driven by its highest purity levels, excellent crystalline structure, and optimal physical properties, such as a low coefficient of thermal expansion (CTE).
  • The electrode application segment led the market and accounted for the largest revenue share of 65.1% in 2024
  • The Silicon Metals & Ferroalloys is expected to grow at a CAGR of 10.9% from 2025 to 2030,
  • This demand is being fueled by the expansion of the aluminum and steel sectors, driven primarily by infrastructural development, automotive manufacturing, and increased consumer goods demand
  • Asia Pacific needle coke market dominated the global market and accounted for the largest revenue share of 63.5% in 2024

This report addresses:

  • Market intelligence to enable effective decision-making.
  • Market estimates and forecasts from 2018 to 2030.
  • Growth opportunities and trend analyses.
  • Segment and regional revenue forecasts for market assessment.
  • Competition strategy and market share analysis.
  • Product innovation listings for you to stay ahead of the curve.
  • COVID-19's impact and how to sustain in this fast-evolving market.

Why Should You Buy This Report?

  • Comprehensive Market Analysis: Gain detailed insights into the market across major regions and segments.
  • Competitive Landscape: Explore the market presence of key players.
  • Future Trends: Discover the pivotal trends and drivers shaping the future of the market.
  • Actionable Recommendations: Utilize insights to uncover new revenue streams and guide strategic business decisions.

Table of Contents

Chapter 1. Methodology and Scope
1.1. Market Segmentation & Scope
1.2. Market Definition
1.3. Information Procurement
1.3.1. Purchased Database
1.3.2. Internal Database
1.3.3. Secondary Sources & Third-Party Perspectives
1.3.4. Primary Research
1.4. Information Analysis
1.4.1. Data Analysis Models
1.5. Market Formulation & Data Visualization
1.6. Data Validation & Publishing
Chapter 2. Executive Summary
2.1. Market Insights
2.2. Segmental Outlook
2.3. Competitive Outlook
Chapter 3. Needle Coke Market Variables, Trends & Scope
3.1. Global Needle Coke Market Outlook
3.2. Industry Value Chain Analysis
3.3. Average Price Trend Analysis
3.4. Supply-Demand Gap Analysis, 2024
3.5. Regulatory Framework
3.5.1. Policies and Incentive Plans
3.5.2. Standards and Compliances
3.5.3. Regulatory Impact Analysis
3.6. Market Dynamics
3.6.1. Market Driver Analysis
3.6.2. Market Restraint Analysis
3.6.3. Industry Challenges
3.7. Porter’s Five Forces Analysis
3.7.1. Supplier Power
3.7.2. Buyer Power
3.7.3. Substitution Threat
3.7.4. Threat from New Entrant
3.7.5. Competitive Rivalry
3.8. PESTEL Analysis
3.8.1. Political Landscape
3.8.2. Economic Landscape
3.8.3. Social Landscape
3.8.4. Technological Landscape
3.8.5. Environmental Landscape
3.8.6. Legal Landscape
Chapter 4. Needle Coke Market: Grade Outlook Estimates & Forecasts
4.1. Needle Coke Market: Grade Movement Analysis, 2024 & 2030
4.1.1. Super-Premium
4.1.1.1. Market Estimates and Forecast, 2018-2030 (Kilotons) (USD Million)
4.1.2. Premium-Grade
4.1.2.1. Market Estimates and Forecast, 2018-2030 (Kilotons) (USD Million)
4.1.3. Intermediate Grade
4.1.3.1. Market Estimates and Forecast, 2018-2030 (Kilotons) (USD Million)
Chapter 5. Needle Coke Market: Application Outlook Estimates & Forecasts
5.1. Needle Coke Market: Application Movement Analysis, 2024 & 2030
5.1.1. Electrode
5.1.1.1. Market Estimates and Forecast, 2018-2030 (Kilotons) (USD Million)
5.1.2. Silicon Metals & Ferroalloys
5.1.2.1. Market Estimates and Forecast, 2018-2030 (Kilotons) (USD Million)
5.1.3. Carbon Black
5.1.3.1. Market Estimates and Forecast, 2018-2030 (Kilotons) (USD Million)
5.1.4. Rubber Compounds
5.1.4.1. Market Estimates and Forecast, 2018-2030 (Kilotons) (USD Million)
5.1.5. Others
5.1.5.1. Market Estimates and Forecast, 2018-2030 (Kilotons) (USD Million)
Chapter 6. Needle Coke Market Regional Outlook Estimates & Forecasts
6.1. Regional Snapshot
6.2. Needle Coke Market: Regional Movement Analysis, 2024 & 2030
6.3. North America
6.3.1. Market Estimates and Forecast, 2018-2030 (Kilotons) (USD Million)
6.3.2. Market Estimates and Forecast, by Grade, 2018-2030 (Kilotons) (USD Million)
6.3.3. Market Estimates and Forecast, by Application, 2018-2030 (Kilotons) (USD Million)
6.3.4. U.S.
6.3.4.1. Market Estimates and Forecast, 2018-2030 (Kilotons) (USD Million)
6.3.4.2. Market Estimates and Forecast, by Grade, 2018-2030 (Kilotons) (USD Million)
6.3.4.3. Market Estimates and Forecast, by Application, 2018-2030 (Kilotons) (USD Million)
6.3.5. Canada
6.3.5.1. Market Estimates and Forecast, 2018-2030 (Kilotons) (USD Million)
6.3.5.2. Market Estimates and Forecast, by Grade, 2018-2030 (Kilotons) (USD Million)
6.3.5.3. Market Estimates and Forecast, by Application, 2018-2030 (Kilotons) (USD Million)
6.4. Europe
6.4.1. Market Estimates and Forecast, 2018-2030 (Kilotons) (USD Million)
6.4.2. Market Estimates and Forecast, by Grade, 2018-2030 (Kilotons) (USD Million)
6.4.3. Market Estimates and Forecast, by Application, 2018-2030 (Kilotons) (USD Million)
6.4.4. Germany
6.4.4.1. Market Estimates and Forecast, 2018-2030 (Kilotons) (USD Million)
6.4.4.2. Market Estimates and Forecast, by Grade, 2018-2030 (Kilotons) (USD Million)
6.4.4.3. Market Estimates and Forecast, by Application, 2018-2030 (Kilotons) (USD Million)
6.4.5. UK
6.4.5.1. Market Estimates and Forecast, 2018-2030 (Kilotons) (USD Million)
6.4.5.2. Market Estimates and Forecast, by Grade, 2018-2030 (Kilotons) (USD Million)
6.4.5.3. Market Estimates and Forecast, by Application, 2018-2030 (Kilotons) (USD Million)
6.4.6. Italy
6.4.6.1. Market Estimates and Forecast, 2018-2030 (Kilotons) (USD Million)
6.4.6.2. Market Estimates and Forecast, by Grade, 2018-2030 (Kilotons) (USD Million)
6.4.6.3. Market Estimates and Forecast, by Application, 2018-2030 (Kilotons) (USD Million)
6.5. Asia Pacific
6.5.1. Market Estimates and Forecast, 2018-2030 (Kilotons) (USD Million)
6.5.2. Market Estimates and Forecast, by Grade, 2018-2030 (Kilotons) (USD Million)
6.5.3. Market Estimates and Forecast, by Application, 2018-2030 (Kilotons) (USD Million)
6.5.4. China
6.5.4.1. Market Estimates and Forecast, 2018-2030 (Kilotons) (USD Million)
6.5.4.2. Market Estimates and Forecast, by Grade, 2018-2030 (Kilotons) (USD Million)
6.5.4.3. Market Estimates and Forecast, by Application, 2018-2030 (Kilotons) (USD Million)
6.5.5. India
6.5.5.1. Market Estimates and Forecast, 2018-2030 (Kilotons) (USD Million)
6.5.5.2. Market Estimates and Forecast, by Grade, 2018-2030 (Kilotons) (USD Million)
6.5.5.3. Market Estimates and Forecast, by Application, 2018-2030 (Kilotons) (USD Million)
6.5.6. Japan
6.5.6.1. Market Estimates and Forecast, 2018-2030 (Kilotons) (USD Million)
6.5.6.2. Market Estimates and Forecast, by Grade, 2018-2030 (Kilotons) (USD Million)
6.5.6.3. Market Estimates and Forecast, by Application, 2018-2030 (Kilotons) (USD Million)
6.6. Latin America
6.6.1. Market Estimates and Forecast, 2018-2030 (Kilotons) (USD Million)
6.6.2. Market Estimates and Forecast, by Grade, 2018-2030 (Kilotons) (USD Million)
6.6.3. Market Estimates and Forecast, by Application, 2018-2030 (Kilotons) (USD Million)
6.6.4. Brazil
6.6.4.1. Market Estimates and Forecast, 2018-2030 (Kilotons) (USD Million)
6.6.4.2. Market Estimates and Forecast, by Grade, 2018-2030 (Kilotons) (USD Million)
6.6.4.3. Market Estimates and Forecast, by Application, 2018-2030 (Kilotons) (USD Million)
6.6.5. Mexico
6.6.5.1. Market Estimates and Forecast, 2018-2030 (Kilotons) (USD Million)
6.6.5.2. Market Estimates and Forecast, by Grade, 2018-2030 (Kilotons) (USD Million)
6.6.5.3. Market Estimates and Forecast, by Application, 2018-2030 (Kilotons) (USD Million)
6.7. Middle East & Africa
6.7.1. Market Estimates and Forecast, 2018-2030 (Kilotons) (USD Million)
6.7.2. Market Estimates and Forecast, by Grade, 2018-2030 (Kilotons) (USD Million)
6.7.3. Market Estimates and Forecast, by Application, 2018-2030 (Kilotons) (USD Million)
Chapter 7. Competitive Landscape
7.1. Recent Developments & Impact Analysis, by Key Market Participants
7.2. Vendor Landscape
7.2.1. Company Categorization
7.2.2. List of Key Distributors and Channel Partners
7.2.3. List of Potential Customers/End Users
7.3. Competitive Dynamics
7.3.1. Competitive Benchmarking
7.3.2. Strategy Mapping
7.3.3. Heat Map Analysis
7.4. Company Profiles/Listing
7.4.1. Phillips 66
7.4.1.1. Participant’s Overview
7.4.1.2. Financial Performance
7.4.1.3. Product Benchmarking
7.4.1.4. Strategic Initiatives
7.4.2. Asbury Carbon Inc.
7.4.2.1. Participant’s Overview
7.4.2.2. Financial Performance
7.4.2.3. Product Benchmarking
7.4.2.4. Strategic Initiatives
7.4.3. Seadrift Coke L.P.
7.4.3.1. Participant’s Overview
7.4.3.2. Financial Performance
7.4.3.3. Product Benchmarking
7.4.3.4. Strategic Initiatives
7.4.4. Sumitomo Chemical Company
7.4.4.1. Participant’s Overview
7.4.4.2. Financial Performance
7.4.4.3. Product Benchmarking
7.4.4.4. Strategic Initiatives
7.4.5. Mitsubishi Chemical Corp.
7.4.5.1. Participant’s Overview
7.4.5.2. Financial Performance
7.4.5.3. Product Benchmarking
7.4.5.4. Strategic Initiatives
7.4.6. JXTG Nippon Oil & Energy Corp.
7.4.6.1. Participant’s Overview
7.4.6.2. Financial Performance
7.4.6.3. Product Benchmarking
7.4.6.4. Strategic Initiatives
7.4.7. Indian Oil Corporation Limited
7.4.7.1. Participant’s Overview
7.4.7.2. Financial Performance
7.4.7.3. Product Benchmarking
7.4.7.4. Strategic Initiatives
7.4.8. Graftech International
7.4.8.1. Participant’s Overview
7.4.8.2. Financial Performance
7.4.8.3. Product Benchmarking
7.4.8.4. Strategic Initiatives
7.4.9. Sojitz Ject Corp.
7.4.9.1. Participant’s Overview
7.4.9.2. Financial Performance
7.4.9.3. Product Benchmarking
7.4.9.4. Strategic Initiatives
7.4.10. C-Chem Co., Ltd.
7.4.10.1. Participant’s Overview
7.4.10.2. Financial Performance
7.4.10.3. Product Benchmarking
7.4.10.4. Strategic Initiatives
7.4.11. Baosteel Group
7.4.11.1. Participant’s Overview
7.4.11.2. Financial Performance
7.4.11.3. Product Benchmarking
7.4.11.4. Strategic Initiatives
List of Tables
Table 1. List of Abbreviations
Table 2. Needle Coke Market Estimates and Forecasts, by Grade, 2018-2030 (Kilotons) (USD Million)
Table 3. Needle Coke Market Estimates and Forecasts, by Application, 2018-2030 (Kilotons) (USD Million)
Table 4. Needle Coke Market Estimates and Forecasts, by Region, 2018-2030 (Kilotons) (USD Million)
Table 5. North America Needle Coke Market Estimates and Forecasts, by Country, 2018-2030 (Kilotons) (USD Million)
Table 6. North America Needle Coke Market Estimates and Forecasts, by Grade, 2018-2030 (Kilotons) (USD Million)
Table 7. North America Needle Coke Market Estimates and Forecasts, by Application, 2018-2030 (Kilotons) (USD Million)
Table 8. U.S. Needle Coke Market Estimates and Forecasts, by Grade, 2018-2030 (Kilotons) (USD Million)
Table 9. U.S. Needle Coke Market Estimates and Forecasts, by Application, 2018-2030 (Kilotons) (USD Million)
Table 10. Canada Needle Coke Market Estimates and Forecasts, by Grade, 2018-2030 (Kilotons) (USD Million)
Table 11. Canada Needle Coke Market Estimates and Forecasts, by Application, 2018-2030 (Kilotons) (USD Million)
Table 12. Europe Needle Coke Market Estimates and Forecasts, by Country, 2018-2030 (Kilotons) (USD Million)
Table 13. Europe Needle Coke Market Estimates and Forecasts, by Grade, 2018-2030 (Kilotons) (USD Million)
Table 14. Europe Needle Coke Market Estimates and Forecasts, by Application, 2018-2030 (Kilotons) (USD Million)
Table 15. Germany Needle Coke Market Estimates and Forecasts, by Grade, 2018-2030 (Kilotons) (USD Million)
Table 16. Germany Needle Coke Market Estimates and Forecasts, by Application, 2018-2030 (Kilotons) (USD Million)
Table 17. UK Needle Coke Market Estimates and Forecasts, by Grade, 2018-2030 (Kilotons) (USD Million)
Table 18. UK Needle Coke Market Estimates and Forecasts, by Application, 2018-2030 (Kilotons) (USD Million)
Table 19. Italy Needle Coke Market Estimates and Forecasts, by Grade, 2018-2030 (Kilotons) (USD Million)
Table 20. Italy Needle Coke Market Estimates and Forecasts, by Application, 2018-2030 (Kilotons) (USD Million)
Table 21. Asia Pacific Needle Coke Market Estimates and Forecasts, by Country, 2018-2030 (Kilotons) (USD Million)
Table 22. Asia Pacific Needle Coke Market Estimates and Forecasts, by Grade, 2018-2030 (Kilotons) (USD Million)
Table 23. Asia Pacific Needle Coke Market Estimates and Forecasts, by Application, 2018-2030 (Kilotons) (USD Million)
Table 24. China Needle Coke Market Estimates and Forecasts, by Grade, 2018-2030 (Kilotons) (USD Million)
Table 25. China Needle Coke Market Estimates and Forecasts, by Application, 2018-2030 (Kilotons) (USD Million)
Table 26. India Needle Coke Market Estimates and Forecasts, by Grade, 2018-2030 (Kilotons) (USD Million)
Table 27. India Needle Coke Market Estimates and Forecasts, by Application, 2018-2030 (Kilotons) (USD Million)
Table 28. Japan Needle Coke Market Estimates and Forecasts, by Grade, 2018-2030 (Kilotons) (USD Million)
Table 29. Japan Needle Coke Market Estimates and Forecasts, by Application, 2018-2030 (Kilotons) (USD Million)
Table 30. Latin America Needle Coke Market Estimates and Forecasts, by Country, 2018-2030 (Kilotons) (USD Million)
Table 31. Latin America Needle Coke Market Estimates and Forecasts, by Grade, 2018-2030 (Kilotons) (USD Million)
Table 32. Latin America Needle Coke Market Estimates and Forecasts, by Application, 2018-2030 (Kilotons) (USD Million)
Table 33. Brazil Needle Coke Market Estimates and Forecasts, by Grade, 2018-2030 (Kilotons) (USD Million)
Table 34. Brazil Needle Coke Market Estimates and Forecasts, by Application, 2018-2030 (Kilotons) (USD Million)
Table 35. Mexico Needle Coke Market Estimates and Forecasts, by Grade, 2018-2030 (Kilotons) (USD Million)
Table 36. Mexico Needle Coke Market Estimates and Forecasts, by Application, 2018-2030 (Kilotons) (USD Million)
Table 37. Middle East & Africa Needle Coke Market Estimates and Forecasts, by Country, 2018-2030 (Kilotons) (USD Million)
Table 38. Middle East & Africa Needle Coke Market Estimates and Forecasts, by Grade, 2018-2030 (Kilotons) (USD Million)
Table 39. Middle East & Africa Needle Coke Market Estimates and Forecasts, by Application, 2018-2030 (Kilotons) (USD Million)
List of Figures
Figure 1 Market Segmentation
Figure 2 Information Procurement
Figure 3 Data Analysis Models
Figure 4 Market Formulation and Validation
Figure 5 Market Snapshot
Figure 6 Segmental Outlook- Grade, Application, and Region
Figure 7 Competitive Outlook
Figure 8 Value Chain Analysis
Figure 9 Market Dynamics
Figure 10 Porter’s Analysis
Figure 11 PESTEL analysis
Figure 12 Needle Coke Market, by Grade: Key Takeaways
Figure 13 Needle Coke Market, by Grade: Market Share, 2024 & 2030
Figure 14 Super-Premium Market, 2018-2030 (Kilotons) (USD Million)
Figure 15 Premium-Grade Market, 2018-2030 (Kilotons) (USD Million)
Figure 16 Intermediate Grade Market, 2018-2030 (Kilotons) (USD Million)
Figure 17 Needle Coke Market, by Application: Key Takeaways
Figure 18 Needle Coke Market, by Application: Market Share, 2024 & 2030
Figure 19 Electrode Market, 2018-2030 (Kilotons) (USD Million)
Figure 20 Silicon Metals & Ferroalloys Market, 2018-2030 (Kilotons) (USD Million)
Figure 21 Carbon Black Market, 2018-2030 (Kilotons) (USD Million)
Figure 22 Rubber Compounds Market, 2018-2030 (Kilotons) (USD Million)
Figure 23 Others Market, 2018-2030 (Kilotons) (USD Million)
Figure 24 Needle Coke Market, by Region: Key Takeaways
Figure 25 Needle Coke Market, by Region: Market Share, 2024 & 2030
Figure 26 North America Needle Coke Market, 2018-2030 (Kilotons) (USD Million)
Figure 27 US Needle Coke Market, 2018-2030 (Kilotons) (USD Million)
Figure 28 Canada Needle Coke Market, 2018-2030 (Kilotons) (USD Million)
Figure 29 Europe Needle Coke Market, 2018-2030 (Kilotons) (USD Million)
Figure 30 Germany Needle Coke Market, 2018-2030 (Kilotons) (USD Million)
Figure 31 UK Needle Coke Market, 2018-2030 (Kilotons) (USD Million)
Figure 32 Italy Needle Coke Market, 2018-2030 (Kilotons) (USD Million)
Figure 33 Asia Pacific Needle Coke Market, 2018-2030 (Kilotons) (USD Million)
Figure 34 China Needle Coke Market, 2018-2030 (Kilotons) (USD Million)
Figure 35 India Needle Coke Market, 2018-2030 (Kilotons) (USD Million)
Figure 36 Japan Needle Coke Market, 2018-2030 (Kilotons) (USD Million)
Figure 37 Latin America Needle Coke Market, 2018-2030 (Kilotons) (USD Million)
Figure 38 Brazil Needle Coke Market, 2018-2030 (Kilotons) (USD Million)
Figure 39 Mexico Needle Coke Market, 2018-2030 (Kilotons) (USD Million)
Figure 40 Middle East and Africa Needle Coke Market, 2018-2030 (Kilotons) (USD Million)

Companies Mentioned

The major companies profiled in this Needle Coke market report include:
  • Phillips 66
  • Asbury Carbon Inc.
  • Seadrift Coke L.P.
  • Sumitomo Chemical Company
  • Mitsubishi Chemical Corp.
  • JXTG Nippon Oil & Energy Corp.
  • Indian Oil Corporation Limited
  • Graftech International
  • Sojitz Ject Corp.
  • C-Chem Co., Ltd.
  • Baosteel Group

Methodology

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Table Information

Report AttributeDetails
No. of Pages150
PublishedFebruary 2025
Forecast Period2024 - 2030
Estimated Market Value ( USD ) in 2024 $ 4.93 Billion
Forecasted Market Value ( USD ) by 2030 $ 9 Billion
Compound Annual Growth Rate10.9%
Regions CoveredGlobal
No. of Companies Mentioned12

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About the Needle Coke Market

Needle coke is a type of advanced material used in the production of graphite electrodes for electric arc furnaces. It is a high-value, high-purity product made from either petroleum or coal tar pitch. Needle coke is characterized by its high crystallinity, low electrical resistivity, and low ash content. It is used in the production of graphite electrodes for electric arc furnaces, which are used in the steel industry. Needle coke is a critical component of the steel industry, as it is used to produce graphite electrodes for electric arc furnaces. The demand for needle coke is expected to remain strong in the coming years, driven by the growth of the steel industry. Some of the major companies in the needle coke market include JXTG Nippon Oil & Energy, Mitsubishi Chemical Corporation, Sinopec, and Graphite India Limited. Show Less Read more

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