The global needle coke market is anticipated to grow with a CAGR of 6.73% over the forecast period, i.e., 2021 - 2030. Factors such as the surge in investments for research and development of production technologies of steel, along with the increasing advancement in modernizing coking units worldwide are anticipated to drive the market growth in the coming years. Additionally, factors such as the growing demand for electric vehicles along with the increasing production of crude steel are also projected to boost the market growth during the forecast period. The market is estimated to garner a revenue of near to USD 4080 Million by the end of 2030, up from a revenue of close to USD 2170 Million in the year 2020.
The global needle coke market is segmented by numerous segments, which include segmentation by type, grade, application, end-user industry, and by region. By grade, the market is segmented into intermediate, premium, and super-premium. By the end of 2030, the super-premium segment is projected to display the largest revenue of more than USD 2210 Million. Additionally, in the year 2020, the segment generated a revenue of about USD 1070 Million.
On the basis of regional analysis, the global needle coke market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. The market in the Asia Pacific, by the end of 2030, is expected to garner the largest revenue of around USD 1810 Million, out of the market in all the other regions. Additionally, in the year 2020, the market in the region generated a revenue of near to USD 940 Million.
Some of the prominent industry leaders in the global needle coke market that are included in our report are Asbury Carbons Inc., NIPPON STEEL CORPORATION, ENEOS Holdings Co., Ltd., GrafTech International Ltd., Graphite India Limited, HEG Limited, Mitsubishi Chemical Holdings Corporation, Phillips 66 Company, Sojitz Corporation, Sumitomo Corporation, Tokai Carbon Co., Ltd., and others.
The global needle coke market is segmented by numerous segments, which include segmentation by type, grade, application, end-user industry, and by region. By grade, the market is segmented into intermediate, premium, and super-premium. By the end of 2030, the super-premium segment is projected to display the largest revenue of more than USD 2210 Million. Additionally, in the year 2020, the segment generated a revenue of about USD 1070 Million.
On the basis of regional analysis, the global needle coke market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. The market in the Asia Pacific, by the end of 2030, is expected to garner the largest revenue of around USD 1810 Million, out of the market in all the other regions. Additionally, in the year 2020, the market in the region generated a revenue of near to USD 940 Million.
Some of the prominent industry leaders in the global needle coke market that are included in our report are Asbury Carbons Inc., NIPPON STEEL CORPORATION, ENEOS Holdings Co., Ltd., GrafTech International Ltd., Graphite India Limited, HEG Limited, Mitsubishi Chemical Holdings Corporation, Phillips 66 Company, Sojitz Corporation, Sumitomo Corporation, Tokai Carbon Co., Ltd., and others.
Table of Contents
1. Market Definition
3. Research Methodology
5. Market Dynamics
14. Impact of COVID-19 on the Needle Coke Market
16. Competitive Landscape
17. Global Needle Coke Market, 2020-2030
20. North America Needle Coke Market, 2020-2030
21. Europe Needle Coke Market, 2020-2030
22. Asia Pacific Needle Coke Market, 2020-2030
23. Latin America Needle Coke Market, 2020-2030
24. Middle East & Africa Needle Coke Market, 2020-2030
Companies Mentioned
- Asbury Carbons Inc.
- NIPPON STEEL CORPORATION
- ENEOS Holdings Co. Ltd.
- GrafTech International Ltd.
- Graphite India Limited
- HEG Limited
- Mitsubishi Chemical Holdings Corporation
- Phillips 66 Company
- Sojitz Corporation
- Sumitomo Corporation
- Tokai Carbon Co. Ltd.
