Needle Coke Market Outlook Pegged for Robust Expansion by 2025

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Needle Coke Market

• - Global Industry Analysis, Size, Share, Growth
  Trends  2015 - 2023

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Needle Coke Market A Rising Demand for Steel
Opens New Horizons

• The needle coke market is expected to witness
  major growth in the near future, thanks to a
  growing demand for steel.
• The market is expected to register 4.0 CAGR
  during 2018-2026 and reach US 5.18 bn by 2026
  end.
• Needle coke is primarily used for the
  manufacturing of graphite electrodes for EAF
  steel.
• It is a highly crystalline coke and is made
  using fluid catalytic cracking decant oil in its
  initial stages as a petroleum derived product

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Needle Coke Market Petroleum-Based Needle Coke
Emerges as a Clear Favorite

• The needle coke market is divided into coal tar
  pitched and petroleum derived. Among these, the
  petroleum based product is expected to drive
  growth of the needle coke market.
• The segment is witnessing a robust demand,
  despite the presence of only a handful global
  suppliers.
• The growth in the segment is driven by growing
  demand from China and India, major suppliers of
  Steel. 

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Needle Coke Market Lithium-ion Batteries Pave
Way for Growth

• The needle coke market is segmented on the basis
  of application into lithium-ion battery, graphite
  electrode, and others.
• Among these, the needle coke market is expected
  to witness the highest demand in graphite
  electrodes. These are growing in demand as demand
  in Asia Pacific continues to rise.
• Rising infrastructural development, growing
  manufacturing in Asia Pacific, and China as a
  major producer of needle coke are expected to
  drive it further.

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Leading Players in Market

•  Indian Oil Corporation Ltd.
• Baotailong New Material Co. Ltd.
• Mitsubishi Chemical Corporation
• JXTG Holdings Inc

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