Needle Coke Market trend with Growing Industry, Coronavirus-COVID19 Impact Analysis With Top Manufacturers Analysis
The growing demand for steel and iron industry,
especially from the Asia Pacific region, is driving the market growth.
The global Needle Coke Market is
forecasted to be worth USD 5.88 Billion by 2027, according to a current
analysis by Emergen Research. The demand for needle coke is growing due to the
production of graphite electrodes for the steel industry. These electrodes are
also used to scrap substitute and melt steel scrap. It is also employed in the
manufacture of synthetic graphite other applications, including anode material
for lithium-ion batteries that are used in an electric vehicle. Graphite is the
largest input material in lithium-ion batteries by volume. The Tesla Model S
contains up to 85kg of graphite.
The report gives a
comprehensive report offering beneficial data about the competitive landscape
of the Needle Coke market and covers key details of the key companies along
with their revenue contribution, financial standing, profit margins, strategic
alliances such as mergers and acquisitions, and other key elements.
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Coke Market” Speak to Our Analyst and
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Coal-based needle coke has an inherent advantage over
the petroleum coke as it is more aromatic and has fewer side effects attached
to the aromatic rings. If treated properly, the needle coke from coal-based
feedstock could be superior to that from the petroleum-based feedstock.
The report comprises a detailed analysis of the vital
elements of the Needle Coke market, including key drivers, constraints,
opportunities, limitations, threats, and micro- and macro-economic factors.
Key
participants include Mitsubishi Chemical Corporation, Phillips
66, Graftech International, Indian Oil Corporation Limited, Sumitomo Chemical
Company, Sojitz Ject Corporation, China National Petroleum Corporation,
Baosteel Group, Asbury Carbon Inc., and Graphite India Limited, among others.
The report offers an
industry-wide and economy-wide analysis of the market along with supply and
demand dynamics, sales, and production and manufacturing capacity. It also
reviews the rate of production and consumption, sales network and distribution
channel, pricing analysis, profit margins, cost and demand volatility,
import/export, gross revenue, among others. Financial difficulties brought by
the pandemic have slowed down the progression of the businesses, and
disruptions in the supply chains have been seen. The report assesses the
comprehensive impact of the pandemic on the overall growth of the Needle Coke
market and offers a future impact assessment.
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COVID Analysis
The research report draws
focus on the impact of the COVID-19
pandemic on the market and its crucial segments. It offers insights into
the effects of the pandemic on the global economic scenario and business
sphere. The report evaluates the key market influencing factors and considers
the COVID-19 pandemic as one of the contributing elements.
To learn more details about the
Global Needle Coke Market report, visit@ https://www.emergenresearch.com/industry-report/needle-coke-market
The market in the Asia
Pacific region dominated the needle coke market share in the year 2019 and is
anticipated to have a CAGR of 7.5% during the forecast period. The high market
share in the region is due to the growth of the manufacturing sector and
growing infrastructure.
The Needle Coke market
intelligence report exhaustively examines the market value, share, demand,
growth prospects, latest and historical trends, manufacturers, gross revenue
collection, competitive terrain, market growth forecast, available products,
and end-use applications.
The
regional analysis covers the following key geographies of the world:
•
North
America (U.S.A.,
Canada)
•
Europe (U.K., Italy, Germany, France, Rest of EU)
•
Asia
Pacific (India, Japan,
China, South Korea, Australia, Rest of APAC)
•
Latin
America (Chile, Brazil,
Argentina, Rest of Latin America)
•
Middle
East & Africa (Saudi
Arabia, U.A.E., South Africa, Rest of MEA)
·
Product Type Outlook
(Revenue, USD Billion; 2017-2027)
o Coal-Based
Needle Coke
o Petroleum-Based
Needle Coke
·
Grade Outlook (Revenue,
USD Billion; 2017-2027)
o Super-Premium
Grade
o Premium
Grade
o Intermediate-Premium
Grade
·
Application Outlook
(Revenue, USD Billion; 2017-2027)
o Electrodes
o Silicon
Metal & Ferroalloys
o Carbon
Black
o Rubber
Compounds
o Others
Market
Estimation Timeline:
Historical Years:
2017-2018
Base Year: 2019
Estimated Year: 2027
Forecast Years: 2020-2027
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