New Trending Report on Needle Coke Market with 6.9% CAGR 2025 with Focusing Key players like ConocoPhillips, Asbury, Sumitomo Chemical Company, and Seadrift Coke

New Trending Report on Needle Coke Market with 6.9% CAGR 2025 with Focusing Key players like ConocoPhillips, Asbury, Sumitomo Chemical Company, and Seadrift Coke

“Grand View Research, Inc. – Market Research And Consulting”
The global needle coke market is highly fragmented with the presence of large-scale manufacturers. Market players are investing in R&D activities to develop needle coke from low value heavier hydrocarbon streams without any major feed pre-treatment process.

According to a report, “Needle Coke Market Size, Share & Trends Analysis Report By Grade (Super-Premium, Premium, Intermediate), By Application (Electrode, Silicon Metals, Carbon Black), By Region, And Segment Forecasts, 2019 – 2025”,  published by Grand View Research, Inc.,

The global needle coke market size is projected to reach USD 5.4 billion by 2025, accelerating at a CAGR of 6.9% over the forecast period, according to a new report by Grand View Research, Inc. Surging demand for needle coke in the manufacturing of lithium-ion battery is a key factor driving the industry growth.

Needle coke is a primary element used in the manufacturing of graphite electrodes. The utilization of graphite in batteries has expanded at a robust pace over the past few years. It is the second heaviest component in lithium-ion batteries. These batteries require up to 10 to 20 times more graphite than lithium. Growth of steel industry along with increasing demand from lithium-ion batteries in electric vehicles is likely to remain a key driving factor for market growth in this region.

Rapid increase in demand for lithium-ion batteries from the automotive industry is expected to fuel the growth of needle coke industry. In addition, rising focus on the reduction of automobile weight to improve fuel efficiency and reduce carbon emissions is anticipated to drive the industry growth further. Graphite helps in providing substantial weight reduction and enhances the efficiency of batteries.

ConocoPhillips, Asbury, Sumitomo Chemical Company, and Seadrift Coke are the major players in the market for needle coke. These companies have a strong customer base, differential product offerings, and a robust distribution network across the globe. The threat of new entrants in the market is low due to high initial investments required for setting up manufacturing units and stringent government regulations.

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U.S. Needle Coke Market Size, By Grade, 2014 - 2025 (USD Million)


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Further key findings from the report suggest:

  • Premium-grade segment is expected to grow at a CAGR of 6.9%, in terms of revenue, from 2019 to 2025 owing to the rising installation of ultra-high power electrical arc furnaces (EAF) and growing requirement for graphite electrodes in steel industry

  • Electrode was the dominant application segment in 2018 with over 64.0% of the volume share

  • Asia Pacific was the major market for needle coke and accounted for 63.7% of the overall volume in 2018

  • Asbury Carbons Inc.; JXTG Nippon Oil & Energy Corp.; China National Petroleum Corp.; Baosteel Group; Indian Oil Corporation Limited; Hongte Chemical Industry (Group) Co. Ltd.; Sojitz JECT Corp.; and Seadrift Coke L.P. are some of the key companies in the needle coke market

  • In December 2018, Mitsubishi Chemical Corporation announced plans to increase the production capacity at its Yokkaichi Plant. The plant produces electrodes that are used in lithium-ion batteries.


Global needle coke market share, by application, 2018 (%)



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Grand View Research has segmented the global needle coke market on the basis of grade, application, and region.

Needle Coke Grade Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 – 2025)

  • Super-premium

  • Premium-grade

  • Intermediate-grade

Needle Coke Application Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 – 2025)

  • Electrode

  • Silicon metals & ferroalloys

  • Carbon black

  • Rubber compounds

  • Others

Needle Coke Regional Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 – 2025)

  • North America

    • U.S

    • Canada

  • Europe

    • Germany

    • U.K.

    • Italy

  • Asia Pacific

    • China

    • India

    • Japan

  • Latin America

    • Brazil

    • Mexico

  • Middle East & Africa

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About Grand View Research

Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 26 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 426 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 600 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.

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