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Chemicals & Advanced Materials

Global Needle Coke Market Size, Share, and Trends Analysis Report – Industry Overview and Forecast to 2032

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Needle coke market outlook to 2032: Latest trends by type, grade & application, driving growth in lithium-ion batteries and steel electrodes.

SKU: 454    Pages: 500   Format: PDF   Delivery: Upto 24 to 48 hrs

Introduction

Market Valuation: The global needle coke market is valued at approximately USD 5.15 billion, emphasizing its critical importance in the production of graphite electrodes and lithium-ion batteries.

Growth Outlook: Expected to surpass USD 8.75 billion, the market growth is propelled by rising demand from the steel and energy storage industries, alongside technological advancements.

Expansion Rate and Opportunities: With a projected compound annual growth rate (CAGR) of around 7.4%, the needle coke market offers promising prospects for innovation and expansion within key industrial sectors.

SWOT Analysis – Global Needle Coke Market

  • Strengths: High purity and superior quality of needle coke make it indispensable in manufacturing graphite electrodes for electric arc furnaces and lithium-ion batteries.
  • Weaknesses: Dependence on volatile raw material prices and complex manufacturing processes can impact production costs and supply stability.
  • Opportunities: Growing demand from the steel industry and expanding lithium-ion battery applications in electric vehicles offer significant growth potential.
  • Threats: Environmental regulations and the availability of alternative materials pose challenges to market growth and may drive the need for innovation and compliance.

Market Segmentation: Global Needle Coke Market

By Type
• Regular Needle Coke
• High-Grade Needle Coke
• Others

By Application
• Graphite Electrodes
• Lithium-Ion Batteries
• Others

By End-Use Industry
• Steel Industry
• Energy Storage
• Others

Market Segmentation: By Region – Global Needle Coke Market
• North America
• Europe
• Asia-Pacific
• Middle East & Africa
• South America

Market Segmentation: By Country (Within Regions)

North America
• United States
• Canada
• Mexico

Europe
• Germany
• United Kingdom
• France
• Italy
• Spain
• Rest of Europe

Asia-Pacific
• China
• India
• Japan
• South Korea
• Australia
• Rest of Asia-Pacific

Middle East & Africa
• Saudi Arabia
• United Arab Emirates
• South Africa
• Rest of Middle East & Africa

South America
• Brazil
• Argentina
• Rest of South America

Key Players – Global Needle Coke Market

• Showa Denko K.K. (Japan)
• JXTG Nippon Oil & Energy Corporation (Japan)
• Phillips Carbon Black Limited (India)
• Tokai Carbon Co., Ltd. (Japan)
• SEPCO Corporation (U.S.)
• SGL Carbon SE (Germany)
• C-Chem Co., Ltd. (China)
• Ningbo Jinhai Carbon Industry Co., Ltd. (China)
• BGR Energy Systems Ltd. (India)
• Asbury Carbons Inc. (U.S.)

Table of Contents (TOC)

1. Introduction

2. Market Overview

3. Market Segmentation
3.1 By Type
    3.1.1 Regular Needle Coke
    3.1.2 High-Grade Needle Coke
    3.1.3 Others

3.2 By Application
    3.2.1 Graphite Electrodes
    3.2.2 Lithium-Ion Batteries
    3.2.3 Others

3.3 By End-Use Industry
    3.3.1 Steel Industry
    3.3.2 Energy Storage
    3.3.3 Others

4. Regional Analysis
4.1 North America
    4.1.1 United States
    4.1.2 Canada
    4.1.3 Mexico

4.2 Europe
    4.2.1 Germany
    4.2.2 United Kingdom
    4.2.3 France
    4.2.4 Italy
    4.2.5 Spain
    4.2.6 Rest of Europe

4.3 Asia-Pacific
    4.3.1 China
    4.3.2 India
    4.3.3 Japan
    4.3.4 South Korea
    4.3.5 Australia
    4.3.6 Rest of Asia-Pacific

4.4 Middle East & Africa
    4.4.1 Saudi Arabia
    4.4.2 United Arab Emirates
    4.4.3 South Africa
    4.4.4 Rest of Middle East & Africa

4.5 South America
    4.5.1 Brazil
    4.5.2 Argentina
    4.5.3 Rest of South America

5. Competitive Landscape
5.1 Key Players Overview
5.2 Company Profiles
    5.2.1 Showa Denko K.K. (Japan)
    5.2.2 JXTG Nippon Oil & Energy Corporation (Japan)
    5.2.3 Phillips Carbon Black Limited (India)
    5.2.4 Tokai Carbon Co., Ltd. (Japan)
    5.2.5 SEPCO Corporation (U.S.)
    5.2.6 SGL Carbon SE (Germany)
    5.2.7 C-Chem Co., Ltd. (China)
    5.2.8 Ningbo Jinhai Carbon Industry Co., Ltd. (China)
    5.2.9 BGR Energy Systems Ltd. (India)
    5.2.10 Asbury Carbons Inc. (U.S.)

6. Market Trends & Opportunities

7. Market Challenges

8. Future Outlook & Forecasts

9. Appendix

10. References

Market Segmentation: Global Needle Coke Market

By Type
• Regular Needle Coke
• High-Grade Needle Coke
• Others

By Application
• Graphite Electrodes
• Lithium-Ion Batteries
• Others

By End-Use Industry
• Steel Industry
• Energy Storage
• Others

Market Segmentation: By Region – Global Needle Coke Market
• North America
• Europe
• Asia-Pacific
• Middle East & Africa
• South America

Market Segmentation: By Country (Within Regions)

North America
• United States
• Canada
• Mexico

Europe
• Germany
• United Kingdom
• France
• Italy
• Spain
• Rest of Europe

Asia-Pacific
• China
• India
• Japan
• South Korea
• Australia
• Rest of Asia-Pacific

Middle East & Africa
• Saudi Arabia
• United Arab Emirates
• South Africa
• Rest of Middle East & Africa

South America
• Brazil
• Argentina
• Rest of South America

Key Players – Global Needle Coke Market

• Showa Denko K.K. (Japan)
• JXTG Nippon Oil & Energy Corporation (Japan)
• Phillips Carbon Black Limited (India)
• Tokai Carbon Co., Ltd. (Japan)
• SEPCO Corporation (U.S.)
• SGL Carbon SE (Germany)
• C-Chem Co., Ltd. (China)
• Ningbo Jinhai Carbon Industry Co., Ltd. (China)
• BGR Energy Systems Ltd. (India)
• Asbury Carbons Inc. (U.S.)

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Frequently Asked Questions

Frequently Asked Questions

What is needle coke, and why is it essential in advanced industries today?

Needle coke is a premium-grade carbon material used primarily in the production of graphite electrodes for steel manufacturing and lithium-ion batteries, making it a critical component in both traditional and renewable energy sectors.

How is the surge in electric vehicle (EV) adoption impacting the needle coke market?

The rise of EVs significantly boosts demand for high-quality needle coke as it is a key raw material in lithium-ion battery anodes, driving innovation and expanding market opportunities worldwide.

What challenges does the needle coke market face regarding supply and sustainability?

Limited raw material availability, environmental regulations, and price volatility pose challenges. Producers are investing in sustainable sourcing and alternative feedstock research to ensure long-term supply stability.

Which regions are leading the needle coke market, and how is regional demand shaping the industry?

Asia-Pacific, especially China and Japan, dominates due to their expansive steel and battery manufacturing bases, while North America and Europe focus on technological advancements and sustainable production.

How are technological advancements influencing the quality and applications of needle coke?

Cutting-edge production techniques are enhancing needle coke purity and consistency, enabling its use in next-generation batteries and high-performance graphite electrodes, thus broadening its industrial applications.

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