Needle Coke Market Growth 2019-2024
Needle coke is a needle-shaped carbon material. With low electrical resistance, strong shock resistance and good anti-oxidation ability, it can be widely used in ultra-high graphite electrode, nuclear reactor deceleration materials and LIB anode materials. According to different raw material, needle coke can be classified as coal-based and petroleum-based.
According to the raw material difference, needle coke is divided into petroleum-based and coal-based. Phillips 66 is the biggest manufacturer of petroleum-based needle coke with the capacity recording 370 K MT. Sale of Phillips 66 was 313 K MT in 2016. C-Chem is the biggest manufacturer of coal-based needle coke, the capacity of the company has been reached 180 K MT in 2016, with sales of 161 K MT. In 2017, C-Chem sold its China factory to Fangda Carbon.
The needle coke industry is held by UK, USA and Japanese companies. In 2017, Asia Pacific is the largest consumption region, with the consumption amount of 436 K MT. North America is the second largest consumption region, which have two suppliers including Phillips 66 and Seadrift Coke. Major suppliers in Japan include C-Chem, JX Group, Sumitomo Corporation and Mitsubishi Chemical.
China also produces needle coke. Limited by environment pressure, most of China suppliers produce little needle coke. CNPC Jinzhou Petrochemical is an important supplier in China, which sold 50% of its products; another 50% is consumed by itself.
According to this study, over the next five years the Needle Coke market will register a 5.0% CAGR in terms of revenue, the global market size will reach US$ 4150 million by 2024, from US$ 3240 million in 2019.
This study considers the Needle Coke value and volume generated from the sales of the following segments:
Segmentation by product type:
- Petroleum-Based
- Coal-Based
Report Sample includes:
- Table of Contents
- List of Tables & Figures
- Charts
- Research Methodology
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Segmentation by application:
- Graphite Electrode
- Special Carbon Material
- Others
This report also splits the market by region:
- Americas
- United States
- Canada
- Mexico
- Brazil
- APAC
- China
- Japan
- Korea
- Southeast Asia
- India
- Australia
- Europe
- Germany
- France
- UK
- Italy
- Russia
- Spain
- Middle East & Africa
- Egypt
- South Africa
- Israel
- Turkey
- GCC Countries
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market.
The key manufacturers covered in this report:
- Phillips 66
- C-Chem
- Seadrift Coke
- JXTG Holdings
- Sumitomo Corporation
- Mitsubishi Chemical
- Indian Oil Company
- Shanxi Hongte Coal Chemical
- Fangda Carbon
- Shanxi Jinzhou Group
- CNPC Jinzhou Petrochemical
- Shandong Yida New Material
- Sinosteel
Research objectives
- To study and analyze the global Needle Coke consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
- To understand the structure of Needle Coke market by identifying its various subsegments.
- Focuses on the key global Needle Coke manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
- To analyze the Needle Coke with respect to individual growth trends, future prospects, and their contribution to the total market.
- To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
- To project the consumption of Needle Coke submarkets, with respect to key regions (along with their respective key countries).
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