Needle Coke Market Trends – Increased Application in Lithium Ion Batteries
VANCOUVER, BC, CANADA, Jan. 18, 2022 /EINPresswire.com/ — The global needle coke market size is expected to reach 2,075.51 kilotons in 2028 in terms of consumed volume and register a steady CAGR of 10 .55% over the forecast period, according to the latest analysis from Emergen Research. The needle coke market revenue growth is driven by factors such as the increasing use in the production of graphite electrodes for the steel industry and the transition to electric and hybrid vehicles. Needle coke is a premium quality, high value petroleum coke used in the manufacture of very low coefficient of thermal expansion (CTE) graphite electrodes for electric arc furnaces (EAF) widely deployed in the steel industry. These electrodes are used to melt scrap steel.
A new report on the global Needle Coke Market is released by Emergen Research, showcasing the current developments and emerging trends in the market. The report offers a comprehensive overview of the market along with details on market size, market share, revenue growth, and major companies. The report covers all the crucial and essential information related to the global Coca Cola market to help readers, investors, and clients to gain thorough understanding of the market and invest accordingly. Various advanced statistical tools like SWOT analysis or Porter’s five forces are used in the report.
Volatility in global natural gas and crude oil prices due to fluctuations in supply and demand will limit the growth of the market to some extent. Although the use of petroleum-based needle coke results in the production of graphite electrodes with a lower CTE, there are also some significant disadvantages associated with the use of petroleum-based needle coke. One downside is the potential shortage of petroleum-derived needle coke as oil prices continue to rise. Additionally, the cost of petroleum needle coke is even higher due to the filtration process required to remove a significant portion of the ash content from the slop oil.
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The main objective of the report is to offer market overview, product scope, growth prospects and risks. The report also offers detailed information about each player in the global Needle Coke market along with their global position, financial status, product launch, business expansion plans, among others. Market players are focused on developing various strategies such as partnerships, mergers and acquisitions, joint ventures, product launches, and research and development investments.
Companies Featured in the Global Needle Coke Market:
Asbury Carbons Inc., Baosteel Corporation, Graftech International Ltd., Indian Oil Corporation, Mitsubishi Chemical Holdings Corporation, Nippon Steel Chemical & Material Co. Ltd., Phillips 66 Company, Posco Chemical, Sumitomo Corporation, Shandong Weijiao Holding Group Co. Ltd. , and CNPC Jinzhou Petrochemical.
Some highlights of the report
Petroleum-based needle coke segment accounted for the largest revenue share in 2020. It is a crucial ingredient used in the production of synthetic graphite electrodes for EAFs used in the steel industry and in the anode material of lithium-ion batteries.
The super premium grade segment among the grade segments accounted for the largest revenue share in 2020. Super premium grade needle coke is gaining adoption due to its low sulfur content and outstanding inherent properties. It has a low swelling rate, a low coefficient of thermal expansion and a larger particle size, which enables 5% higher productivity in steel recycling.
Graphite electrode segment accounted for the largest share of revenue in 2020. Graphite has various properties such as high thermal conductivity and heat resistance. It is used in harsh conditions, such as in high temperature environments and applications, and is therefore desired to have low coefficients of thermal expansion, making it ideal for use as primary heating elements in EAFs.
The report also covers the scope of individual applications and types in each region. The report also covers details about production and consumption patterns, technological developments, revenue growth, market size, market share, key trends and demands influencing market growth in the region and presence. of key players in the region.
For more details about this report: https://www.emergenresearch.com/industry-report/needle-coke-market
Emergen Research has segmented the global needle coke market on the basis of product type, grade, application, end-use, and region:
Product Type Outlook (Revenue, USD Billion, Volume, Kilotons; 2018-2028)
Coal-Based Needle Coke
Petroleum-Based Needle Coke
Quality Outlook (Revenue, USD Billion, Volume, Kilotons; 2018-2028)
Super Premium Category
Application Outlook (Revenue, USD Billion, Volume, Kilotons; 2018-2028)
Silicon Metal and Ferroalloys
Lithium ion anode
End-Use Outlook (Revenue, USD Billion, Volume, Kilotons; 2018-2028)
Aluminum and steel industry
Other end use
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The regional segmentation includes current and forecast estimation of the market in key geographical regions such as North America, Europe, Asia-Pacific, Latin America, Middle East and Africa.
North America (USA, Canada)
Europe (UK, Italy, Germany, France, Rest of EU)
Asia-Pacific (India, Japan, China, South Korea, Australia, rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa, Rest of MEA)
Key Features of Needle Coke Market Report:
The report provides details about key drivers, restraints, opportunities, challenges, growth prospects, limitations and threats.
The report contains details of key companies, product portfolio along with specifications, production valuation and market shares.
Assessment of key current and emerging market trends and growth prospects
It also offers research-based estimations for the eight-year forecast period, mainly to estimate the potential growth of the market.
Brief overview of the industry as it relates to research and development, technological advancements, and product development
In-depth assessment of upstream raw materials, downstream buyers, demands and current market scenario
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