Description
The Needle Coke Market was valued at $919.10 Billion in 2018 and is forecast to grow at a modest 5.6 % CAGR between 2018 and 2025, culminating in 2026 global sales of $1620.72 Billion.
Industry at a Glance
The Needle Coke is a derivative of crude oil used in electric arc furnace to produce steel and aluminum production. Needle coke is producing by high crystalline petroleum coke and FCC decants oil. Due to its graphite form, it is used as an electrode in an electric arc furnace.
Basically, Steel produce by two methods one is EAF (Electric Arc Furnace) and another is BOF (Basic Oxygen Blast Furnace). Approximately, 38% of steel products from EAF, because it is cost-effective and more valuables, as compared to BOF.
Furthermore, Electric Arc Furnace produces lesser carbon emissions and higher production output with low supply. With the swift rise demand for steel from end-user productions, including equipment, construction, machinery, and automotive the production levels have improved by virtually 6% in 2018. Which is driving the market growth for the needle coke segment.
Needle Coke is also playing a major role in Lithium-ion battery manufacturing. This battery is used in BEV (Battery Electric Vehicle) and HEV (Hybrid Electric Vehicle). Consumers are changing their mindset from the IC engine to Hybrid electric cares.
.
Pricing Analysis
“Optimal Price Point (OPP) for Global Needle Coke”
Estimated Average product/ service cost – $ xx globally. However, with improving access and availability of options, OPP and range of acceptable Prices (RAP) are going to change. We at Ameri Research continuously track these prices with our proprietary pricing model.
Due to the wide array of products available in the market, pricing, positioning, and sales channel optimization play a vital role in the success of a product. On average, in Global Needle Coke are available at USD xxx- USD xxxx. However, high-end products are available at much higher prices. The prices in emerging countries and developed countries vary significantly due to the difference in purchasing power and availability of the latest products.
Global Needle Coke Market by “Grade Categories”
We have segmented the Global Needle Coke-based on End-Use categories as Super-Premium, Premium, and Intermediate.
We have observed the rapid growth of Needle Coke followed by the Super-Premium Grade segment has dominated the market with 48% in 2018 and is expected to propel the market growth over the forecast period. This segment demanded steel with low carbon content (less than 0.4%) and other essential properties. This segment also consists of a low puffing rate, large particle size, the finest grades, and low thermal expansion.
Global Needle Coke Market by “Application Categories”
We have segmented the Global Needle Coke-based on Application Categories as Electrode, Silicon Metals, and Carbon Black.
We have observed the rapid growth of Needle Coke followed by the Electrode segment has the largest market share in 2018 and is estimated to grow during the prediction period. These are having high graphite strength, which is suitable for lithium-ion battery and ferroalloy furnace. Increasing demand for li-ion batteries and smartphones will boost the market demand in the coming future.
Regional Segmentation
North America and Asia Pacific accounted for the maximum revenue share of over xx% in 2018 due to increased demand for Global Needle Coke followed by EU- Top 5 countries contribute $X.9 Billion in 2018 and expected to reach $x.5 Billion by 2026.
The Asia Pacific is having the largest market share and accounted for 65% in the global market in 2018. Suitable government initiatives with proper back support to the domestic industry and more opportunity for graphite producers will propel the market demand in the coming future. In the year 2018, the automotive production in India augmented by 7.20%, while in China, the production levels improved by 4.11%. Moreover, increase capital spending in the steel sector of India and China are estimated to fuel the demand for needle coke over the forecast period.
North America is anticipated to have the fastest growth, due to increasing demand from end-user industries. The innovative technology like EAF can boost market demand.
“Competitive Landscape” and “Merger & Acquisition Insights”
The key market participants are Phillips 66, Asbury Carbon Inc., Seadrift Coke L.P., Sumitomo Chemical Company, Mitsubishi Chemical Corp., JXTG Nippon Oil & Energy Corp., and Indian Oil Corporation Limited. are few major players in Global Needle Coke Market markets. The Global Needle Coke market is fragmented with a large number of global & local players. Merger &Acquisitions, collaborations & new products launch are some of the major strategies adopted by key market players. Apart from this innovation & new product development are major focus areas for dominant companies.
Market Segmentation
Global Needle Coke Market by Grade categories (Revenue, Million, 2018 – 2026)
- Super-Premium
- Premium
- Intermediate
Global Needle Coke Market by Application Categories (Revenue, Million, 2018 – 2026)
North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Asia Pacific
- Japan
- China
- India
- Australia
- Latin America
- Brazil
- Mexico
- Columbia
- Middle East and Africa
- South Africa
- Saudi Arabia
Global Needle Coke Market,Global Needle Coke Market Analytics,Global Needle Coke Market Share,Global Needle Coke Market Research,Global Needle Coke Market Forecast,Global Needle Coke Market Analysis,Global Needle Coke Market Insight,Global Needle Coke Market Trend,Global Needle Coke Market Value,Global Needle Coke Market Size,Global Needle Coke Market Survey,Global Needle Coke Market Research Report
