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Business owners/stakeholders can chalk-out expansion plan by leveraging statistics on market share, size, sale volume, growth rate and return over-invest discussed in the study.The global Needle Coke Market is forecasted to be worth USD 5.88 Billion by 2027, according to a current analysis by Emergen Research. The demand for needle coke is growing due to the production of graphite electrodes for the steel industry. These electrodes are also used to scrap substitute and melt steel scrap. It is also employed in the manufacture of synthetic graphite other applications, including anode material for lithium-ion batteries that are used in an electric vehicle. Graphite is the largest input material in lithium-ion batteries by volume. The Tesla Model S contains up to 85kg of graphite.

The surge in energy vehicles increases the consumption of needle coke in electric vehicles. The rise in demand for steel recycling is assumed to augment market growth in the coming years. Volatility in the global natural gas and crude oil due to the demand and supply fluctuations will limit market growth. There is also a growing demand for the needle coke product from various end-use industries like construction and oil and gas. It acts as a raw material in steel recycling and application in engineering, automobile, and aerospace.

To help gain the business owner further gain business intelligence the study on the Needle Coke Market for the forecast period 2020 – 2027 brings to light data on production capability, consumption capacity, spending power, investment feasibility, and technology innovation. A thorough assessment of market performance across different regions is presented through self-explanatory graphic images, charts, and tables that add weight to corporate presentations and marketing materials. The study offers regional profiles of major vendors and extensive country-level break down to empower companies to make a wise investment decision when exploring new regions.

Read more@ https://www.emergenresearch.com/industry-report/needle-coke-market

Key Highlights From The Report

In September 2020, Indian Oil Corporation announced its plan to invest Rs1,268 crore or USD 1.7 Million in a new petroleum needle coke in Odisha at its Paradip Refinery unit. The unit is proposed to have a capacity of 56ktpy.

Coal-based needle coke has an inherent advantage over the petroleum coke as it is more aromatic and has fewer side effects attached to the aromatic rings. If treated properly, the needle coke from coal-based feedstock could be superior to that from the petroleum-based feedstock.

The super-premium grade exhibits a low puffin rate, low coefficient of thermal expansion (CTE), which ensures higher productivity by 5% in the recycling operations of steel. The super-premium grade is also the finest grade used in the production of high-quality ultra-high power (UHP) graphite electrodes.

Graphite electrodes find application in the ladle furnace (LF) and electric arc furnace (EAF) for the production of silicon metal, steel, melting processes, and ferroalloy production, among others.

The market in the Asia Pacific region dominated the needle coke market share in the year 2019 and is anticipated to have a CAGR of 7.5% during the forecast period. The high market share in the region is due to the growth of the manufacturing sector and growing infrastructure.

Key participants include Mitsubishi Chemical Corporation, Phillips 66, Graftech International, Indian Oil Corporation Limited, Sumitomo Chemical Company, Sojitz Ject Corporation, China National Petroleum Corporation, Baosteel Group, Asbury Carbon Inc., and Graphite India Limited, among others.

You Can Download Free Sample PDF Copy Needle Coke Market   of at https://www.emergenresearch.com/request-sample/242

The study dives deep into the profiles of top market players and their key financials. This comprehensive report is not only for business analysts and any existing and new entrant can use it when designing their business strategies. The research is one of its kind global analyses of aspects such as import and export status, supply chain management, profit and gross margin worldwide for the forecast period 2020 – 2027. Extensive coverage of statistics associated with recent events including acquisition and mergers and strengths and weaknesses of a company forms an important part of the study on the Needle Coke Market.

Market Segmentation

Product Type Outlook (Revenue, USD Billion; 2017-2027)

Coal-Based Needle Coke

Petroleum-Based Needle Coke

Grade Outlook (Revenue, USD Billion; 2017-2027)

Super-Premium Grade

Premium Grade

Intermediate-Premium Grade

Application Outlook (Revenue, USD Billion; 2017-2027)

Electrodes

Silicon Metal & Ferroalloys

Carbon Black

Rubber Compounds

Others

Regional Outlook (Revenue, USD Billion; 2017-2027)

North America

Europe

Asia Pacific

Latin America

Middle East & Africa

Competitive Landscape

Mitsubishi Chemical Corporation,

Phillips 66,

Graftech International,

Indian Oil Corporation Limited,

Sumitomo Chemical Company,

Sojitz Ject Corporation,

China National Petroleum Corporation,

Baosteel Group,

Asbury Carbon Inc., and

Graphite India Limited, among others.

About Us:

At Emergen Research, we believe in advancing with technology. We are a growing market research and strategy consulting company with an exhaustive knowledge base of cutting-edge and potentially market-disrupting technologies that are predicted to become more prevalent in the coming decade.

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