Global Needle Coke Market Report By Type (Petroleum Based, Coal Based), Grade (Base Premium, Intermediate Premium, Super Premium), Application (Graphite Electrode, Special Carbon Material, Others) And By Regions - Industry Trends, Size, Share, Growth, Estimation and Forecast, 2017-2024
ID:VMR11210037
April 2018
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High demand of graphite electrodes from various end-use industries such as oil & gas, construction, and others are the factors driving the needle coke market. Needle coke act as a raw material in steel recycling & thus widened application areas of steel and aluminum within the automobile, engineering & aerospace industries. Properties of needle coke such as low coefficient of thermal expansion, electric resistance, better shock absorption, and ability to prevent oxidation are expected to augment market growth during the forecast period.

As per the report added by Value Market Research, the Global Needle Coke Market was valued USD 560.6 Million (by revenue) in 2017 and is anticipated to reach USD 1,434.5 Million by 2024 with a CAGR of 14.5%. By volume, the market was estimated at XX.X KT in 2017 and is expected to reach XX.X KT by 2024 with a CAGR of X.X%.
 
PETROLEUM BASED NEEDLE COKE HAS DOMINATED THE PRODUCT TYPE SEGMENT
Petroleum Based needle coke is presumed to reach USD 1,093.9 MN by the end of 2024. Petroleum based needle coke has led the market owing to its ability to sustain under high-temperature conditions precisely in steel manufacturing, has wide application areas and it is less hazardous to the environment. 
 
SUPER PREMIUM GRADE TO GAIN HYPE IN MARKET
Super premium needle coke is presumed to reach USD 500.07 MN by the end of 2024. Super premium needle coke has led the grade segment owing to its usage in the production of electrodes, especially ultra-high power graphite electrodes. Super premium needle coke possesses enhanced properties such as low sulfur content, low ash, and coefficient of thermal expansion is likely to foster the market growth of premium grade.
 
GRAPHITE ELECTRODES HAS DOMINATED THE APPLICATION SEGMENT
Graphite electrodes are anticipated to reach at USD 1,058 MN by the end of 2024. Needle coke has a key application in the production of graphite electrodes owing to its properties such as it withstand in extreme temperature conditions, low coefficient of thermal expansion and resistant to electricity. Use of graphite electrode in an arc furnace within the steel industry is expected to drive the product demand in the years to come.
 
APAC IS THE REGIONAL LEADER FOR NEEDLE COKE MARKET
Asia Pacific is presumed to reach at USD 537 MN by the end of 2024. APAC has dominated the regional market owing to robust demand of steel coupled with the expansion of steel & graphite electrode production within China is expected to fuel the market growth. Rising demand for lithium-ion batteries with booming graphite industry in Asian countries especially in China, India, and Japan is expected to foster the needle coke market in following years.
 
KEY VENDOR OF THE NEEDLE COKE MARKET
Baotailong New Materials Co., Ltd., C-Chem Co., Ltd., Fangda Carbon New Material Co., Ltd., Indian Oil Corporation Ltd., JXTG Nippon Oil & Energy, Mitsubishi Chemical Corporation, Phillips 66, Reliance Industries Ltd., Seadrift Coke, LP, Shanxi Hongte Coal Chemical Industry, Shijiazhuang Deli Chemical Co., Ltd., Sinosteel Corporation and Sumitomo Corporation are the major players within needle cork market.

As per this study, the global needle coke market was valued USD 560.6 MN (by revenue) in 2017 and is anticipated to reach USD 1,434.5 MN by 2024 with a CAGR of 14.5%. By volume, the market was estimated at XX.X KT in 2017 and is expected to reach XX.X KT by 2024 with a CAGR of X.X%.
 
Needle coke is a premium grade petroleum coke, which is used in the manufacturing of graphite electrodes for arc furnaces in the steel industry. This coke is highly crystalline with a low coefficient of thermal expansion (CTE) and provides the properties needed for manufacturing graphite electrode. In addition to this, it can be widely used in ultra-high graphite electrode, nuclear reactor deceleration materials, and lithium-ion battery anode materials. There are petroleum-based needle coke and coal-based needle coke, and either can be used in numerous applications.
 
Objectives of the Study:

  • Define and measure the global needle coke market
  • Volume and revenue forecast of the global needle coke market and its various sub-segments with respect to main geographies
  • Analyze and identify major market trends along with the factors driving or inhibiting the market growth
  • Study the company profiles of the major market players with their market share
  • Analyze competitive developments
 
Market Dynamics
 
Growing steel manufacturing industries, especially in the Asia Pacific region along with increasing demand from graphite electrodes, is expected to be the key growth factor. Robust demand for steel and aluminum from automobiles, heavy equipment, and machinery, aircraft sector is further supporting the market growth. In addition, superior properties such as low electric resistance, a coefficient of thermal expansion, less breakage and spalling are anticipated to fuel the market over the forecast period. Whereas, instability in crude oil and natural gas market affects the demand and supply are expected to hamper the market growth.
 
This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter’s five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of needle coke.
 
Market Segmentation
 
The broad needle coke market has been sub-grouped into type, grade and application. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.
 
By Application Market Share 2017
 Needle Coke Market By Application

 
By Type
  • Petroleum Based
  • Coal Based
 
By Grade
  • Base Premium
  • Intermediate Premium
  • Super Premium
 
By Application
  • Graphite Electrode
  • Special Carbon Material
  • Others
 
Regional Analysis
 
Furthermore, the report comprises of the geographical segmentation which mainly focuses on current and forecast demand for needle coke in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.
 
Europe Needle Coke Market By Revenue (USD MN)
 
Europe Needle Coke Market By Revenue
 
The report also covers detailed competitive landscape including company profiles of key players operating in the global market. The key players in the needle coke market includes Phillips 66, JXTG Nippon Oil & Energy , C-Chem Co., Ltd. , Shijiazhuang Deli Chemical Co., Ltd., Mitsubishi Chemical Corporation, Seadrift Coke, LP , Sumitomo Corporation, Indian Oil Corporation Ltd., Reliance Industries Ltd., Fangda Carbon New Material Co., Ltd., Shanxi Hongte Coal Chemical Industry, Baotailong New Materials Co., Ltd. and Sinosteel Corporation. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.
 
Major Company Players Market Share
 
Major Players of Needle Coke Market
 
METHODOLOGY:
 
A combination of primary and secondary research has been used to determine the market estimates and forecasts. Sources used for secondary research include (but not limited to) Paid Data Sources, Company Websites, Technical Journals, Annual Reports, SEC Filings and various other industry publications. Specific details on methodology used for this report can be provided on demand.

1. INTRODUCTION

  • Introduction To Needle Coke Market
  • Report Description
    • Objectives Of The Study
    • Assumptions
  • Research Scope
  • Research Methodology
    • Data Source
 
2. EXECUTIVE SUMMARY
  • Market Highlight
  • Global Needle Coke Market: Snapshot
 
3. MARKET ANALYSIS
  • Drivers
  • Restraints
  • Opportunities
  • Porter’s Five Forces Analysis
  • Value Chain Analysis
 
4. NEEDLE COKE MARKET ANALYSIS BY TYPE
  • Market In Petroleum Based
  • Market In Coal Based
 
5. NEEDLE COKE MARKET ANALYSIS BY GRADE
  • Market In Base Premium
  • Market In Intermediate Premium
  • Market In Super Premium
 
6. NEEDLE COKE MARKET ANALYSIS BY APPLICATION
  • Market In Graphite Electrode
  • Market In Special Carbon Material
  • Market In Others
 
7. NEEDLE COKE MARKET ANALYSIS BY GEOGRAPHY
  • North America (NA)
    • North America Market Estimates
    • North America Market Estimates By Country
    • United States (U.S.) Market Estimates By Segments
    • Canada Market Estimates By Segments
    • Mexico Market Estimates By Segments
  • Europe (EU)
    • Europe Market Estimates
    • Europe Market Estimates By Country
    • United Kingdom (UK) Market Estimates By Segments
    • Germany Market Estimates By Segments
    • France Market Estimates By Segments
    • Rest Of Europe Market Estimates By Segments
  • Asia Pacific (APAC)
    • Asia Pacific Market Estimates
    • Asia Pacific Market Estimates By Country  
    • China Market Estimates By Segments
    • Japan Market Estimates By Segments
    • India Market Estimates By Segments
    • Rest Of Asia Pacific Market Estimates By Segments  
  • Latin America (LA)   
    • Latin America Market Estimates
    • Latin America Market Estimates By Country
    • Brazil Market Estimates By Segments
    • Rest Of Latin America Market Estimates By Segments
  • Middle East And Africa (MEA)   
    • Middle East And Africa Market Estimates
    • Middle East And Africa Market Estimates By Country
    • Middle East Market Estimates By Segments
    • Africa Market Estimates By Segments
 
8. COMPETITIVE LANDSCAPE OF THE NEEDLE COKE COMPANIES
  • Market Competition
  • Partnerships/Collaborations/Agreements
  • Mergers And Acquisitions
  • New Product Launches
  • Other Developments
 
9. COMPANY PROFILES OF THE NEEDLE COKE INDUSTRY (Company Overview, Financial, Major Products & Recent Development)
  • Phillips 66
  • JXTG Nippon Oil & Energy
  • C-Chem Co., Ltd.
  • Shijiazhuang Deli Chemical Co., Ltd.
  • Mitsubishi Chemical Corporation
  • Seadrift Coke, LP
  • Sumitomo Corporation
  • Indian Oil Corporation Ltd.
  • Reliance Industries Ltd.
  • Fangda Carbon New Material Co., Ltd.
  • Shanxi Hongte Coal Chemical Industry
  • Baotailong New Materials Co., Ltd.
  • Sinosteel Corporation
 
* Tentative TOC
 
 
LIST OF TABLES
 
Table 1.  Market Highlights Of Needle Coke
Table 2.  Global Needle Coke Market By Types
Table 3.  Global Needle Coke Market By Grade
Table 4.  Global Needle Coke Market By Application
Table 5.  Global Needle Coke Market By Geography
Table 6.  North America Needle Coke Market
Table 7.  Europe Needle Coke Market
Table 8.  Asia Pacific Needle Coke Market
Table 9.  Latin America Needle Coke Market
Table 10. Middle East And Africa Needle Coke Market 
Table 11. Partnership/Collaboration/Agreements
Table 12. Mergers And Acquisitions
Table 13. New Product Development
Table 14. Other Developments
  
LIST OF FIGURES
 
Fig. 1.     Market Segmentation Of Needle Coke Market 
Fig. 2.     Top-Down Approach   
Fig. 3.     Bottom-Up Approach   
Fig. 4.     Market Highlights Of Needle Coke
Fig. 5.     Value Chain Analysis
Fig. 6.     Porter’s Five Forces Analysis
Fig. 7.     Global Needle Coke Market By Types
Fig. 8.     Global Needle Coke Market By Grade
Fig. 9.     Global Needle Coke Market By Application
Fig. 10.   Global Needle Coke Market By Geography
Fig. 11.   North America Needle Coke Market
Fig. 12.   Europe Needle Coke Market
Fig. 13.   Asia Pacific Needle Coke Market
Fig. 14.   Latin America Needle Coke Market
Fig. 15.   Middle East And Africa Needle Coke Market
Fig. 16.   Market Share Of Needle Coke Companies
Fig. 17.   Recent Developments In Needle Coke Industry
 
 
* Kindly note that the above listed are the basic tables and figures of the report and are not limited to the TOC.

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