The
Needle Coke Market was worth USD 0.97 billion in the
year 2014 and is expected to reach approximately USD 1.61 billion by 2023,
while registering itself at a compound annual growth rate (CAGR) of 5.74%
during the forecast period.This market defines and segments the Needle Coke
Market with an analysis and forecast of Type, Grade, and End User of needle
coke. Needle Coke Market is divided into three categories that are type, grade,
and end user. Type segments are categories into Coal Tar Pitch Derived, and Petroleum
Derived. Grade is classified into Intermediate, Premium, and Super Premium. By End
User report are categories into Aluminum Industry, Aerospace, Lithium Battery, Steel,
and Nuclear Power.
Intermediate segment holds
extensive share in the overall market
Due
to high sulfur content of intermediate which is nearly 0.1%w, and moderately higher constant of thermal expansion than premium and super
premium needle cokes.
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North America rule in the needle coke market
This
region has the high steel production engaging electric arc furnace process in
year 2016, which estimates the North America as the leading region in the year
2016.
Petroleum derived needle coke
accounts for the leading market share
As
Petroleum derived needle coke endures high temperatures in steel production and
is moderately less detrimental to the environment. The decline in crude oil
prices globally has further upped the demand for petroleum derived needle coke.
Competitive Analysis
The
major players included in the report areMitsubishi Chemical Corporation, Indian
Oil Corporation Ltd., Seadrift Coke LP, C-ChemCo.Ltd., PETROLEUM COKE
INDUSTRIES CO. (K.S.), Bao-steel Group, Sinopec Shanghai Petrochemical Company
Limited, Shanxi Hongte Coal Chemical Co. Ltd., Petrochina International Jinzhou
Petrochemical Co. Ltd.,, and Shijiazhuang Deli Chemical Co.
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with TOC “Needle Coke
Market by Type, Grade, and End User- Global Industry Analysis and Forecast to
2023” at
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The Needle Coke Market is segmented as follows-
By Type:
- Petroleum
Derived
- Coal
Tar Pitch Derived
By Grade:
- Intermediate
- Premium
- Super
Premium
By End User:
- Steel
Industry
- Aluminum
Industry
- Lithium
Battery
- Nuclear
Power
- Aerospace
- Others
End Users
By Region
- North America
o U.S
o Canada
o Mexico
- Europe
o Germany
o France
o UK
o Italy
o Spain
o Rest of Europe
- Asia-Pacific
o Japan
o China
o Australia
o India
o South Korea
o Rest of Asia Pacific
- Rest of the World
o Brazil
o South Africa
o Saudi Arabia
o United Arab Emirates
o Others
