This Needle Coke Market report gives research about market size, CAGR values, profiles of key companies, and different game plans used by Needle Coke stakeholders to make vital business decisions.
“Final Report will add the analysis of the impact of COVID-19 on this industry.”
The Report 2020 covers every detail about industry trends, drivers, and obstacles with respect to the “Needle Coke Market”. Needle Coke Market research identifies that the competition continues to intensify year-on-year with emerging applications and wide product portfolio. This report covers the 2019 scenario and growth prospects of the Needle Coke market for 2019-2023. To calculate the market size, revenue from the market sales of Needle Coke products to retailers, wholesalers, and institutional buyers is considered.
Needle Coke market offers the largest share of 5.28% in 2018 and projected to grow at compound annual growth rate (CAGR) of 6% during forecast period 2019-2023.
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Needle Coke Market Summary: Needle coke has a needle-like structure and is made of either slurry oil from refineries or coal tar pitch. It is the major raw material for making graphite electrodes that are used in the manufacturing process of steel using an electric arc furnace (EAF). Our needle coke market analysis considers sales from the graphite industry, battery industry, and others. Our analysis also considers the sales of needle coke in APAC, Europe, North America, South America, and MEA. In 2018, the graphite industry segment had a significant market share, and this trend is expected to continue over the forecast period. Factors such as rising demand for graphite electrodes for the EAF method of steel production will play a significant role in the graphite industry segment to maintain its market position. Also, our global needle coke market report looks at factors such as an increase in oil refining capacity, rise in the adoption of green vehicles, increasing demand for UHP graphite electrodes. However, widening lithium demand-supply gap challenges faced in bringing investments in the coal industry due to regulations against carbon pollution, fluctuation in crude oil and coal prices may hamper the growth of the needle coke industry over the forecast period.
Market Driver: increasing demand for UHP graphite electrodesMarket Trend: emergence of green steelMarket Challenge: challenges faced in bringing investments in the coal industry due to regulations against carbon pollution.Increasing demand for UHP graphite electrodesGraphite electrodes are used in applications, such as submerged arc furnaces and ladle furnaces for the production of steel, non-metallic materials, and metals. They are also primarily used in EAFs for steel production. Graphite electrodes can be produced using petroleum coke or needle coke. Graphite electrodes are classified into regular power, high power, super high power, and UHP based on parameters such as resistivity, electric conductivity, thermal conductivity, resistance to oxidation and thermal shock, and mechanical strength. Out of all the types of graphite electrodes. UHP graphite electrodes are gaining attention in the steel industry. This demand for UHP electrodes will lead to the expansion of the global needle coke market at a CAGR of 6% during the forecast period.The emergence of green steelThe emission of CO2 is a major issue faced by the steel industry worldwide. To resolve the issue, numerous research and development (RandD) activities have been undertaken. These RandD activities led to the emergence of green steel. Researchers have found a new steel-making process that can eliminate CO2 emissions completely. In the traditional steel-making process, during steel production, large amounts of smoke, carbon, and belching flame are released. The traditional steel-making process emits CO2 twice the weight of steel. However, the new process can accomplish steel-making with zero emissions. Pulverized coal injection and carbon capture and storage (CCS) technology are among them. This development is expected to have a positive impact on the overall market growth.
The report disclosed theKey PlayersProfiles with data includes company details and competitors, Needle Coke models and performance, business SWOT analysis and forecast, sales volume revenue price cost and gross margin:
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All regional government is encouraging investments in Needle Coke market to promote effective strategies and vital source of economic development. Emphasis is given for practices, prescriptive recommendations, data-based strategies, and other precision applications. The report also includes the regional analysis of the Needle Coke market, comprising of the market by value and spending per capita of the following regions:
Americas, APAC, Europe, and MEA
Needle Coke Market Report studies the Industry Chain and Supply Chain which includes R and D, raw material, manufacturing plants, offline and online sales channel, end user analysis and marketing strategies for market growth. Gives guidelines on development trends and Forecast.
Following key points gives overall report analysis:
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In the end, the Needle Coke Market feasibility of new investment plan is evaluated, and wide Needle Coke research conclusions are offered in the report. Needle Coke Market report delivers major statistics, list of Figures, Tables, Charts which is the detail source of data for guidance and understanding of Needle Coke Industry.
TOC of Needle Coke Market ReportPART 01: EXECUTIVE SUMMARYPART 02: SCOPE OF THE REPORT2.1 Preface2.2 Preface2.3 Currency conversion rates for US$PART 03: MARKET LANDSCAPEMarket ecosystemMarket characteristicsMarket segmentation analysisPART 04: MARKET SIZINGMarket definitionMarket sizing 2018Market size and forecast 2018-2023PART 05: FIVE FORCES ANALYSISBargaining power of buyersBargaining power of suppliersThreat of new entrantsThreat of substitutesThreat of rivalryMarket conditionPART 06: MARKET SEGMENTATION BY END-USERMarket segmentation by end-userComparison by end-userGraphite industry – Market size and forecast 2018-2023Battery industry – Market size and forecast 2018-2023Others – Market size and forecast 2018-2023Market opportunity by end-userPART 07: CUSTOMER LANDSCAPEPART 08: GEOGRAPHIC LANDSCAPEGeographic segmentationGeographic comparisonAPAC – Market size and forecast 2018-2023Europe – Market size and forecast 2018-2023Americas – Market size and forecast 2018-2023MEA – Market size and forecast 2018-2023Key leading countriesMarket opportunityPART 09: DECISION FRAMEWORKPART 10: DRIVERS AND CHALLENGESMarket driversMarket challengesPART 11: MARKET TRENDSDeclining Li-ion battery pricesAdvancements in mining industryEmergence of green steelPART 12: VENDOR LANDSCAPEOverviewLandscape disruption
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