Title: Needle Coke Market - Forecast(2022 - 2027)
1Needle Coke Market - Forecast(2022 - 2027)
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- Needle Coke Market size was valued at 3.7
billion in 2019 is forecast to reach 5.3 billion
by 2025, after growing at a CAGR of 6.1 during
2020-2025. Needle Coke is a premium grade high
value petroleum coke utilized for the
manufacturing of the graphite electrodes. - The major factor driving the growth of the market
studied is rapidly increasing demand from steel
manufacturing industry. Emerging economies such
as China, India and others, is estimated to fuel
market demand.
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- Key Takeaways from this Report
- Petroleum based needle coke held a larger market
share in 2019, owing to its ability to withstand
high-temperature conditions among other factors. - Among all the applications, electrodes accounted
for the largest market share in 2019 and is
projected to grow at a rate of XX during the
forecast period, 2020-2025. - The demand for lithium-ion batteries as well as
growth of the steel industries are some of the
key factors, fueling the growth of the needle
coke market.
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- By Distribution Channel- Segment Analysis
- Petroleum based needle coke held a larger market
share in 2019 and is projected to grow at a rate
of XX in the forecast period, 2020-2025. The
ability to withstand high-temperature conditions,
specifically in steel production, as well as less
harmful effect on environment are some of the key
properties of petroleum-based needle coke,
fueling the market demand. - The petroleum needle coke market is primarily
driven by demand for graphite electrodes from the
steel industry.
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- Needle Coke Market Industry Outlook
- 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
- Essar
- Baosteel Group and Others
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Needle Coke Market - Forecast(2022 -
2027) Learn More About the Report _at_
https//www.industryarc.com/Report/16173/needle-c
oke-market.html
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- Data Tables
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For More Details Contact Venkat
Reddy Contact (1) 970-236-3677 Email
sales_at_industryarc.com Connect with us on LinkedIn
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Contact (1) 970-236-3677
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