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Needle Coke Market Size, Share & Trends Analysis Report By Grade (Super-Premium, Premium-Grade, Intermediate Grade), By Application (Electrode, Silicon Metals & Ferroalloys), By Region, And Segment Forecasts, 2024 - 2030

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    Report

  • 158 Pages
  • July 2024
  • Region: Global
  • Grand View Research
  • ID: 5990641
Description Jump to:
The global needle coke market size was valued at USD 8.91 billion in 2030 and is projected to grow at a CAGR of 10.4% from 2024 to 2030. 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

  • Premium-grade segment is expected to grow at a CAGR of 6.9%, in terms of revenue, from 2019 to 2025 owing to the rising installation of ultra-high power electrical arc furnaces (EAF) and growing requirement for graphite electrodes in steel industry
  • Electrode was the dominant application segment in 2018 with over 64.0% of the volume share
  • Asia Pacific was the major market for needle coke and accounted for 63.7% of the overall volume in 2018
  • Asbury Carbons Inc.; JXTG Nippon Oil & Energy Corp.; China National Petroleum Corp.; Baosteel Group; Indian Oil Corporation Limited; Hongte Chemical Industry (Group) Co. Ltd.; Sojitz JECT Corp.; and Seadrift Coke L.P. are some of the key companies in the needle coke market
  • In December 2018, Mitsubishi Chemical Corporation announced plans to increase the production capacity at its Yokkaichi Plant. The plant produces electrodes that are used in lithium-ion batteries.

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 Snapshot
2.2. Segment Snapshot
2.3. Competitive Landscape Snapshot
Chapter 3. Needle Coke Market Variables, Trends & Scope
3.1. Market Lineage Outlook
3.1.1. Needle Coke Market Outlook
3.2. Industry Value Chain Analysis
3.2.1. Raw Material Outlook
3.3. Price Trend Analysis, 2018 - 2030
3.4. Market Dynamics
3.4.1. Market Driver Analysis
3.4.2. Market Restraint Analysis
3.4.3. Industry Challenges
3.4.4. Industry Opportunities
3.5. Industry Analysis Tools
3.5.1. Porter’s Five Forces Analysis
3.5.2. Macro-environmental Analysis
Chapter 4. Needle Coke Market: Grade Estimates & Trend Analysis
4.1. Type Movement Analysis & Market Share, 2023 & 2030
4.2. Needle Coke Market Estimates & Forecast, By Grade, 2018 to 2030 (Kilotons) (USD Million)
4.3. Super-Premium
4.3.1. Super-Premium Needle Coke Market Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
4.4. Premium-Grade
4.4.1. Premium-Grade Needle Coke Market Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
4.5. Intermediate Grade
4.5.1. Intermediate Grade Needle Coke Market Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
Chapter 5. Needle Coke Market: Application Estimates & Trend Analysis
5.1. Application Movement Analysis & Market Share, 2023 & 2030
5.2. Needle Coke Market Estimates & Forecast, By Application, 2018 to 2030 (Kilotons) (USD Million)
5.3. Electrode
5.3.1. Needle Coke Market Estimates and Forecasts, in Electrode 2018 - 2030 (Kilotons) (USD Million)
5.4. Silicon Metals & Ferroalloys
5.4.1. Gas Phase Needle Coke Market Estimates and Forecasts, in Silicon Metals & Ferroalloys 2018 - 2030 (Kilotons) (USD Million)
5.5. Carbon Black
5.5.1. Gas Phase Needle Coke Market Estimates and Forecasts, in Carbon Black 2018 - 2030 (Kilotons) (USD Million)
5.6. Rubber Compounds
5.6.1. Gas Phase Needle Coke Market Estimates and Forecasts, in Rubber Compounds 2018 - 2030 (Kilotons) (USD Million)
5.7. Silicon Metals & Ferroalloys
5.7.1. Gas Phase Needle Coke Market Estimates and Forecasts, in Silicon Metals & Ferroalloys 2018 - 2030 (Kilotons) (USD Million)
5.8. Other Applications
5.8.1. Gas Phase Needle Coke Market Estimates and Forecasts, in Other Applications 2018 - 2030 (Kilotons) (USD Million)
Chapter 6. Needle Coke Market: Regional Estimates & Trend Analysis
6.1. Regional Movement Analysis & Market Share, 2023 & 2030
6.2. North America
6.2.1. North America Needle Coke Estimates & Forecast, 2018 - 2030 (Kilotons) (USD Million)
6.2.2. U.S.
6.2.2.1. Key country dynamics
6.2.2.2. U.S. Needle Coke Market estimates & forecast, 2018 - 2030 (Kilotons) (USD Million)
6.2.3. Canada
6.2.3.1. Key country dynamics
6.2.3.2. Canada Needle Coke Market estimates & forecast, 2018 - 2030 (Kilotons) (USD Million)
6.3. Europe
6.3.1. Europe Needle Coke Estimates & Forecast, 2018 - 2030 (Kilotons) (USD Million)
6.3.2. Germany
6.3.2.1. Key country dynamics
6.3.2.2. Germany Needle Coke Market estimates & forecast, 2018 - 2030 (Kilotons) (USD Million)
6.3.3. UK
6.3.3.1. Key country dynamics
6.3.3.2. UK Needle Coke Market estimates & forecast, 2018 - 2030 (Kilotons) (USD Million)
6.3.4. Italy
6.3.4.1. Key country dynamics
6.3.4.2. Italy Needle Coke Market estimates & forecast, 2018 - 2030 (Kilotons) (USD Million)
6.4. Asia Pacific
6.4.1. Asia Pacific Needle Coke Estimates & Forecast, 2018 - 2030 (Kilotons) (USD Million)
6.4.2. China
6.4.2.1. Key country dynamics
6.4.2.2. China Needle Coke Market estimates & forecast, 2018 - 2030 (Kilotons) (USD Million)
6.4.3. India
6.4.3.1. Key country dynamics
6.4.3.2. India Needle Coke Market estimates & forecast, 2018 - 2030 (Kilotons) (USD Million)
6.4.4. Japan
6.4.4.1. Key country dynamics
6.4.4.2. Japan Needle Coke Market estimates & forecast, 2018 - 2030 (Kilotons) (USD Million)
6.5. Latin America
6.5.1. Latin America Needle Coke Market Estimates & Forecast, 2018 - 2030 (Kilotons) (USD Million)
6.5.2. Brazil
6.5.2.1. Key country dynamics
6.5.2.2. Brazil Needle Coke Market estimates & forecast, 2018 - 2030 (Kilotons) (USD Million)
6.5.3. Mexico
6.5.3.1. Key country dynamics
6.5.3.2. Mexico Needle Coke Market estimates & forecast, 2018 - 2030 (Kilotons) (USD Million)
6.6. Middle East & Africa
6.6.1. Middles East & Africa Needle Coke Market Estimates & Forecast, 2018 - 2030 (Kilotons) (USD Million)
Chapter 7. Needle Coke Market - Competitive Landscape
7.1. Recent Developments & Impact Analysis, By Key Market Participants
7.2. Company Categorization
7.3. Company Positioning Analysis, 2023
7.4. Company Heat Map Analysis
7.5. Regional Market Analysis
7.6. Strategy Mapping
7.7. Company Profiles
7.7.1. Phillips 66
7.7.1.1. Participant’s overview
7.7.1.2. Financial performance
7.7.1.3. Product benchmarking
7.7.1.4. Recent developments
7.7.2. Asbury Carbon Inc.
7.7.2.1. Participant’s overview
7.7.2.2. Financial performance
7.7.2.3. Product benchmarking
7.7.2.4. Recent developments
7.7.3. Seadrift Coke L.P.
7.7.3.1. Participant’s overview
7.7.3.2. Financial performance
7.7.3.3. Product benchmarking
7.7.3.4. Recent developments
7.7.4. Sumitomo Chemical Company
7.7.4.1. Participant’s overview
7.7.4.2. Financial performance
7.7.4.3. Product benchmarking
7.7.4.4. Recent developments
7.7.5. Mitsubishi Chemical Corp.
7.7.5.1. Participant’s overview
7.7.5.2. Financial performance
7.7.5.3. Product benchmarking
7.7.5.4. Recent developments
7.7.6. Mitsubishi Chemical Corp.
7.7.6.1. Participant’s overview
7.7.6.2. Financial performance
7.7.6.3. Product benchmarking
7.7.6.4. Recent developments
7.7.7. Indian Oil Corporation Limited
7.7.7.1. Participant’s overview
7.7.7.2. Financial performance
7.7.7.3. Product benchmarking
7.7.7.4. Recent developments
7.7.8. Graftech International
7.7.8.1. Participant’s overview
7.7.8.2. Financial performance
7.7.8.3. Product benchmarking
7.7.8.4. Recent developments
7.7.9. Sojitz Ject Corp.
7.7.9.1. Participant’s overview
7.7.9.2. Financial performance
7.7.9.3. Product benchmarking
7.7.9.4. Recent developments
7.7.10. C-Chem Co., Ltd.
7.7.10.1. Participant’s overview
7.7.10.2. Financial performance
7.7.10.3. Product benchmarking
7.7.10.4. Recent developments
7.7.11. Baosteel Group
7.7.11.1. Participant’s overview
7.7.11.2. Financial performance
7.7.11.3. Product benchmarking
7.7.11.4. Recent developments
List of Tables
Table 1 U.S. Macroeconomic Outlay
Table 2 Canada Macroeconomic Outlay
Table 3 Germany Macroeconomic Outlay
Table 4 UK Macroeconomic Outlay
Table 5 Italy Macroeconomic Outlay
Table 6 China Macroeconomic Outlay
Table 7 India Macroeconomic Outlay
Table 8 Japan Macroeconomic Outlay
Table 9 Brazil Macroeconomic Outlay
Table 10 Mexico Macroeconomic Outlay
Table 11 Participant's Overview
Table 12 Financial Performance
Table 13 Product Benchmarking
Table 14 Company Heat Map Analysis
Table 15 Key Strategy Mapping
List of Figures
Fig. 1 Needle Coke Market Segmentation
Fig. 2 Information Procurement
Fig. 3 Data Analysis Models
Fig. 4 Market Production And Validation
Fig. 5 Data Validating & Publishing
Fig. 6 Needle Coke Market Snapshot
Fig. 7 Needle Coke Market Segmental Outlook, 2023 (Kilotons) (USD Million)
Fig. 8 Needle Coke Market: Competitive Insights
Fig. 9 Global Needle Coke Market Value Chain Analysis
Fig. 10 Needle Coke Market Dynamics
Fig. 11 Needle Coke Market: Porter's Analysis
Fig. 12 Needle Coke Market: Pestel Analysis
Fig. 13 Needle Coke Market Analysis & Segment Forecast, By Super-Premium, 2018 - 2030 (Kilotons) (USD Million)
Fig. 14 Needle Coke Market Analysis & Segment Forecast, Premium-Grade, 2018 - 2030 (Kilotons) (USD Million)
Fig. 15 Needle Coke Market Analysis & Segment Forecast, Intermediate Grade, 2018 - 2030 (Kilotons) (USD Million)
Fig. 16 Needle Coke Market Analysis & Segment Forecast, By Application, 2018 - 2030 (Kilotons) (USD Million)
Fig. 17 Needle Coke Market Analysis & Segment Forecast, in Electrode 2018 - 2030 (Kilotons) (USD Million)
Fig. 18 Needle Coke Market Analysis & Segment Forecast, in Silicon Metals & Ferroalloys 2018 - 2030 (Kilotons) (USD Million)
Fig. 19 Needle Coke Market Analysis & Segment Forecast, in Rubber Compounds 2018 - 2030 (Kilotons) (USD Million)
Fig. 20 Needle Coke Market Analysis & Segment Forecast, in Others 2018 - 2030 (Kilotons) (USD Million)
Fig. 21 Needle Coke Market, By Region, 2023 & 2030 (%)
Fig. 22 North America Needle Coke Market Analysis & Segment Forecast, 2018 - 2030 (Kilotons) (USD Million)
Fig. 23 U.S. Needle Coke Market Analysis & Segment Forecast, 2018 - 2030 (Kilotons) (USD Million)
Fig. 24 Canada Needle Coke Market Analysis & Segment Forecast, 2018 - 2030 (Kilotons) (USD Million)
Fig. 25 Europe Needle Coke Market Analysis & Segment Forecast, 2018 - 2030 (Kilotons) (USD Million)
Fig. 26 Germany Needle Coke Market Analysis & Segment Forecast, 2018 - 2030 (Kilotons) (USD Million)
Fig. 27 UK Needle Coke Market Analysis & Segment Forecast, 2018 - 2030 (Kilotons) (USD Million)
Fig. 28 Italy Needle Coke Market Analysis & Segment Forecast, 2018 - 2030 (Kilotons) (USD Million)
Fig. 29 Asia Pacific Needle Coke Market Analysis & Segment Forecast, 2018 - 2030 (Kilotons) (USD Million)
Fig. 30 China Needle Coke Market Analysis & Segment Forecast, 2018 - 2030 (Kilotons) (USD Million)
Fig. 31 India Needle Coke Market Analysis & Segment Forecast, 2018 - 2030 (Kilotons) (USD Million)
Fig. 32 Japan Needle Coke Market Analysis & Segment Forecast, 2018 - 2030 (Kilotons) (USD Million)
Fig. 33 Latin America Needle Coke Market Analysis & Segment Forecast, 2018 - 2030 (Kilotons) (USD Million)
Fig. 34 Brazil Needle Coke Market Analysis & Segment Forecast, 2018 - 2030 (Kilotons) (USD Million)
Fig. 35 Mexico Needle Coke Market Analysis & Segment Forecast, 2018 - 2030 (Kilotons) (USD Million)
Fig. 36 Middle East & Africa Needle Coke Market Analysis & Segment Forecast, 2018 - 2030 (Kilotons) (USD Million)
Fig. 37 Needle Coke Market: Company Categorization
Fig. 38 Needle Coke Market: Company Market Share Analysis
Fig. 39 Needle Coke Market: Company Market Positioning Analysis
Fig. 40 Needle Coke Market: Strategy Mapping

Companies Mentioned

  • 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 Pages158
PublishedJuly 2024
Forecast Period2023 - 2030
Estimated Market Value ( USD ) in 2023 $ 4556.16 Million
Forecasted Market Value ( USD ) by 2030 $ 8911.75 Million
Compound Annual Growth Rate10.4%
Regions CoveredGlobal
No. of Companies Mentioned11

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