Global Needle Coke Market Research Report 2022 - Market Size, Current Insights and Development Trends

Coke is a byproduct of oil refining and coal gasification process and is used as a fuel to manufacture iron, steel and anodes for aluminum smelters. Higher quality ultra-high power (UHP) graphite electrodes and cathode electrodes to melt the scrap metal for recycling steel in the electric arc furnace (EAF) are manufactured from needle coke. For the production, of needle coke the separation of heavy fraction of aromatic feedstock is required to be done in fractionation unit. The thick fraction is then fed to coker unit to attain coking temperatures (3000˚C). The furnace operation is critical since it has to ‘delay’ the feed to attain desired temperature. This minimizes the coke formation in the furnace. Thus, the effective extraction of needle coke is done in this step which is similar to delayed coking.
The Needle Coke market has witnessed a growth from USD XX million to USD XX million from 2017 to 2022. With a CAGR of X.X%, this market is estimated to reach USD XX million in 2029.

The report focuses on the Needle Coke market size, segment size (mainly covering product type, application, and geography), competitor landscape, recent status, and development trends. Furthermore, the report provides strategies for companies to overcome threats posed by COVID-19.

Technological innovation and advancement will further optimize the performance of the product, enabling it to acquire a wider range of applications in the downstream market. Moreover, customer preference analysis, market dynamics (drivers, restraints, opportunities), new product release, impact of COVID-19, regional conflicts and carbon neutrality provide crucial information for us to take a deep dive into the Needle Coke market.

Major Players in the Needle Coke market are:
Phillips 66
GrafTech International
Sinosteel Anshan 
CNPC Jinzhou Petrochemical
POSCO CHEMTECH
Fangda Carbon
Baowu Steel Group
Mitsubishi Chemical Corporation
C-Chem CO.,Ltd.
JXTG Holdings, Inc

On the basis of types, the Needle Coke market is primarily split into:
Coal-based Needle Coke
Petroleum-based Needle Coke

On the basis of applications, the market covers:
Special Carbon Material
Graphite Electrode
Others

Major Region

s or countries covered in this report:
United States
Europe
China
Japan
India
Southeast Asia
Latin America
Middle East and Africa
Others

Years considered for this report:

Historical Years:

2017-2021

Base Year:

2021

Estimated Year:

2022

Forecast Period:

2022-2029