Needle Coke Market, By Product Type, By Application, And By Geography

Description

Needle Coke Market is estimated to be valued at USD 3.67 Bn in 2025 and is expected to reach USD 7.49 Bn by 2032, growing at a compound annual growth rate (CAGR) of 10.7% from 2025 to 2032.

Report Coverage		Report Details
Base Year:	2024	Market Size in 2025:	USD 3.67 Bn
Historical Data for:	2020 To 2024	Forecast Period:	2025 To 2032
Forecast Period 2025 to 2032 CAGR:	10.70%	2032 Value Projection:	USD 7.49 Bn

Needle coke is an essential component of steel production. It is used as the main heating element for the electric arc furnace (EAF) that melts and refines scrap metal into steel. It is also used to make graphite electrodes for use in the steel industry and for battery anode material.

Market Dynamics:

The global needle coke market is expected to witness significant growth over the forecast period due to the high demand for graphite electrodes for EAFs and for lithium-ion battery anode materials. In addition, the need to reduce the carbon emissions in the environment is also driving needle coke market growth. Moreover, the rising disposable income and swift urbanization in developed countries are further fuelling needle coke market growth. Additionally, increasing consumption of steel in automobiles and airplanes is again contributing to the needle coke market growth.

On the other hand, negative impact of Covid-19 is expected to hamper the market growth.

Key features of the study:

This report provides in-depth analysis of the global needle coke market, and provides market size (US$ Billion) and compound annual growth rate (CAGR%) for the forecast period 2025-2032, considering 2024 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global needle coke market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies
Key companies covered as a part of this study include Baosteel Group, C-Chem Co. Ltd, China National Petroleum Corporation, ENEOS Corporation, Kaifeng Pingmei New Carbon Material Technology Co. Ltd (KFCC), Mitsubishi Chemical Corporation, Phillips 66 Company, PMS Tech (a joint venture of POSCO Chemtech and Mitsubishi Chemical), Seadrift Coke L.P. (GrafTech International), Shandong Jing Yang Technology Co. Ltd, Shandong Yida Rongtong Trading Co. Ltd, Shanxi Hongte Coal Chemical Co. Ltd, and Sinosteel Corporation
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
The global needle coke market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global needle coke market

Detailed Segmentation:

Global Needle Coke Market, By Product Type
- Petroleum Based
- Coal Tar Pitch Based
Global Needle Coke Market, By Application
- Graphite Electrode
- Lithium-Ion Battery
- Others (Specialty Carbon Products)
Global Needle Coke Market, By Geography
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Company Profiles
- Baosteel Group
- C-Chem Co. Ltd
- China National Petroleum Corporation
- Eneos Corporation
- Kaifeng Pingmei New Carbon Material Technology Co. Ltd (Kfcc)
- Mitsubishi Chemical Corporation
- Phillips 66 Company
- Pms Tech (A Joint Venture Of Posco Chemtech And Mitsubishi Chemical)
- Seadrift Coke L.P. (Graftech International)
- Shandong Jing Yang Technology Co. Ltd
- Shandong Yida Rongtong Trading Co. Ltd
- Shanxi Hongte Coal Chemical Co. Ltd
- Sinosteel Corporation

Product Code: CMI5603

1. Research Objectives and Assumptions

Research Objectives
Assumptions
Abbreviations

2. Market Purview

Report Description
- Market Definition and Scope
Executive Summary
- Market Snapshot, By Product Type
- Market Snapshot, By Application
- Market Snapshot, By Geography
Coherent Opportunity Map (COM)

3. Market Dynamics, Regulations, and Trends Analysis

Market Dynamics
- Increasing demand for lithium-ion batteries
- Negative impact of covid-19
- Growing investment in oil &gas sector
Impact Analysis
Key Highlights
Regulatory Scenario
Product launch/Approvals
PEST Analysis
PORTER's Analysis
Merger and Acquisition Scenario

4. Global Needle Coke Market - Impact of Coronavirus (COVID-19) Pandemic

COVID-19 Epidemiology
Supply Side and Demand Side Analysis
Economic Impact

5. Global Needle Coke Market , By Product Type, 2020-2032, (US$ Bn)

Introduction
- Market Share Analysis, 2025 and 2032 (%)
- Y-o-Y Growth Analysis, 2021 - 2032
- Segment Trends
Petroleum Based
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Bn)
Coal Tar Pitch Based
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Bn)

6. Global Needle Coke Market , By Application, 2020-2032, (US$ Bn)

Introduction
- Market Share Analysis, 2025 and 2032 (%)
- Y-o-Y Growth Analysis, 2021 - 2032
- Segment Trends
Graphite Electrode
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Billion)
Lithium-ion Battery
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Billion)
Others (Specialty Carbon Products)
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Billion)

7. Global Needle Coke Market , By Region, 2020-2032, (US$ Bn)

Introduction
- Market Share Analysis, By Country, 2025 and 2032 (%)
- Y-o-Y Growth Analysis, For Country 2021-2032
- Country Trends
North America
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2020-2032,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By End User, 2020-2032,(US$ Bn)
Europe
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2020-2032,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By End User, 2020-2032,(US$ Bn)
Asia Pacific
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2020-2032,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By End User, 2020-2032,(US$ Bn)
Latin America
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2020-2032,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By End User, 2020-2032,(US$ Bn)
Middle East & Africa
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2020-2032,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By End User, 2020-2032,(US$ Bn)

8. Competitive Landscape

Baosteel Group
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
C-Chem Co. Ltd
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
China National Petroleum Corporation
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
ENEOS Corporation
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
Kaifeng Pingmei New Carbon Material Technology Co. Ltd (KFCC)
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
Mitsubishi Chemical Corporation
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
Phillips 66 Company
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
PMS Tech (a joint venture of POSCO Chemtech and Mitsubishi Chemical)
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
Seadrift Coke L.P. (GrafTech International)
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
Others
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
Analyst Views

9. Section

Research Methodology
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