According to a new market report published by Credence Research “Global Needle Coke Market Growth, Future Prospects and Competitive Analysis, 2017 – 2025,” the needle coke market volume is expected to reach to 1,350.3 kilo tons by 2025, expanding at a CAGR of 5.1% from 2017 to 2025
Browse the full report Needle Coke Market by type (petroleum derived and coal tar pitch derived), by grade (base premium, intermediate premium and super premium), by end-user (steel industry, aluminum industry, nuclear power and others) – Market Growth, Future Prospects and Competitive Analysis, 2017 – 2025 at http://www.credenceresearch.com/report/needle-coke-market
The rising demand from end use industry such as steel is the key factor driving the market growth. Steel making is done by two methods: BOF (Basic Oxygen Furnace) and EAF (Electric Arc Furnace). Though BOF is much stronger than EAF route of steel making, the EAF route is slated to out power BOF in the future due to factors like, less environmental emissions, extreme high temperature operations, less facility space and high production output with less inventories. Overall operational expenditure is much lesser than BOF steel making route.
The EAF route has led to the market growth of needle coke, globally. Higher production of steel through EAF route and consolidation of graphite producers are likely to boost the needle coke market, globally, in the coming years. With the fluctuations in oil prices, since 2015, the consolidation is expected to bring about improvement in needle coke prices. Needle coke is majorly a derivative of crude oil. Hence, the crude oil price plays an important role in determination of graphite electrodes and correspondingly in the prices of needle coke.
- Rising demand from end use industry
- As a thumb rule in steel production, approximately 3kg of graphite electrode is used for the production of a ton of steel. Equivalent amount of needle coke is used for the production of graphite electrodes
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Chapter 1 Preface
1.1 Report Description
1.1.1 Purpose of the Report
1.1.2 Target Audience
1.1.3 USP and Key Offerings
1.2 Research Scope
1.3 Research Methodology
1.3.1 Phase I – Secondary Research
1.3.2 Phase II – Primary Research
1.3.3 Top Down & Bottom Up Approach
18.104.22.168 Top-Down Approach
22.214.171.124 Bottom-Up Approach
1.3.4 Phase III – Expert Panel Review
1.4 Market Segmentation
Chapter 2 Executive Summary
2.2 Market Snapshot: Global Needle Coke Market
2.3 Global Needle Coke Market Volume, by Grade, 2016 (US$ Mn)
2.4 Global Needle Coke Market Volume, by Type, 2016 (US$ Mn)
2.5 Global Needle Coke Market Volume, by End-User, 2016 (US$ Mn)
2.6 Global Needle Coke Market Volume, by Geography, 2016 (US$ Mn)
Chapter 3 Market Overview
3.2 Market Dynamics
3.2.1 Market Drivers
3.2.2 Market Restraints
Chapter 8 Company Profiles
8.1 Indian Oil Corporation (IOC)
8.2 Phillips 66
8.3 Mitsubishi Chemicals Corporation
8.4 Royal Dutch Shell Plc
8.5 SeaDrift Coke LP
8.6 C-Chem Co. Ltd.
8.7 Boatailong New Co. Ltd.
8.8 Graphite India Ltd.
8.9 HEG Ltd. …
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