Comprehensive Analytics : Needle Coke Market 2018 - 2026. | Mitsubishi Chemical Corporation, JXTG Holdings, Inc., Baotailong New Material Co., Ltd., Indian Oil Corporation Ltd.

Press Release – 10 Aug 2018

Research and Development News --

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Latest Update "Needle Coke Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2026" with Industries Survey | Global Current Growth and Future.

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- Needle Coke Market – Overview

Needle coke is a high grade, high value, petroleum or coal-based coke. It is primarily employed in the manufacture of graphite electrodes of very low coefficient of thermal expansion for electric arc furnaces in the steel industry.

In terms of type, the petroleum derived segment accounted for more than 60% share of the market in 2017. The market share of the petroleum derived segment is expected to decline by the end of the forecast period due to the increase in production capacities of China-based needle coke manufacturers. Most manufacturers in China produce coal tar pitch based needle coke.

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In terms of grade, the super premium segment is anticipated to exhibit significant growth rate during the forecast period. The super premium grade has the lowest coefficient of thermal expansion (CTE), which makes it more suitable for the production of high grade graphite electrodes. In terms of application, the graphite electrode segment held major share of the market in 2017. This trend is likely to continue throughout the forecast period. However, lithium ion batteries application segment is projected to expand at a rapid CAGR between 2018 and 2026 owing to its high demand.

Asia Pacific held a significant share of the market in 2017 in terms of value and volume. China is highly lucrative country of the needle coke market in Asia Pacific. Asia Pacific is expected to continue its dominance throughout the forecast period. The market in Europe is likely to expand at a significant pace in the near future.

The report comprises profiles of major companies operating in the global needle coke market. Key players operating in the needle coke market include Phillips 66, Mitsubishi Chemical Corporation, JXTG Holdings, Inc., Baotailong New Material Co., Ltd., Indian Oil Corporation Ltd., Bao-steel Group, C-Chem CO., LTD., Seadrift Coke LP, Sinopec Shanghai Petrochemical Company Limited, Shanxi Hongte Coal Chemical Co Ltd., Sinosteel Anshan Research Institute of Thermo-Energy Co., Ltd., Petrochina International Jinzhou Petrochemical Co., Ltd., Shijiazhuang Deli Chemical Co., Petroleum Coke Industries Co. (K.S.C), Petrocokes Japan Ltd., and FangDa Carbon New Material Co. Ltd.

- Needle Coke Market, by Type

• Petroleum Derived
• Coal Tar Pitch Derived

- Needle Coke Market, by Grade

• Intermediate
• Premium
• Super Premium

- Needle Coke Market, by Application

• Graphite Electrode
• Lithium Ion Batteries
• Others (Specialty Carbon, etc.)

- Needle Coke Market, by Region Analysis

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • France
  • U.K.
  • Spain

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- Key Takeaways

• The coal tar pitch segment is anticipated to expand at a significant CAGR during the forecast period .This is due to the resumption of coal tar pitch based needle coke manufacturing units in China. These units had been shut down due to the environmental constraints and closure of graphite electrode production units during 2015 and 2016.
• Most of the needle coke is utilized in the manufacture of graphite electrodes. These electrodes are employed in new steel production and recycling of steel. Asia Pacific was a prominent manufacturer of steel in the world, as of May 2017.
• Needle coke is employed to manufacture graphite anode material for lithium-ion batteries. Graphite anodes materials made from needle coke have ability in particle size reduction, improve process ability, improve chemical properties, increase density, improve first cycle efficiency, and offer ease of intercalation.
• In terms of application, the graphite electrode segment accounted for more than 80% share of the needle coke market in 2017. The segment is likely to remain dominant during the forecast period.

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