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Needle Coke Market – Global Price, Impacting Factor’s Applications, And Outlook 2017 to 2025

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

Market Insights

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.

If you want to have the free sample of the report, go through the link here @ https://www.credenceresearch.com/sample-request/58868

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.

Higher production of steel in China till 2016 followed by its unprecedented dumping in other countries have led to an undue pressure on graphite electrode prices. This has directly affected the prices of needle coke since there is a direct co-relation between steel production via EAF route, graphite electrodes and needle coke prices.

In the past couple of decades, there has been positive co-relation between crude oil and graphite electrode price. Crude oil price has seen a high of US$ 150/barrel to a low of US$ 20/barrel. This has eventually resulted in needle coke price variation as US$ 2,200/ton in FY08-09 to US$ 4,350/ton in FY14-15 to a low of US$ 450/ton in 2016. In 2017, the prices have again risen to US$ 3,200/ton.

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 https://www.credenceresearch.com/report/needle-coke-market

Major factors seen in the sudden rise are: shutting down of Chinese steel industries due to environmental concerns and high supply of needle coke in these nonfunctional steel plants, high dumping rate of needle coke since China is the largest market for needle coke in terms of annual import, production and consumption. These reasons have affected global needle coke market value chain. The needle coke manufacturers were finding it difficult to meet the demands from graphite electrode manufacturers. Though the prices have risen to normal levels, there is still skepticism in terms of availability of needle coke as there is high waiting period in terms of availability.

The key players, developers, suppliers and service providers are: Indian Oil Corporation (IOC), Phillips 66, Mitsubishi Chemical Corporation, Sea-Drift Coke LP, C-Chem Co. Ltd., Boatailong New Co. Ltd., Graphite India Ltd, HEG, Petroleum Coke Industries Co. Ltd., Tokai Carbon, Nippon Carbon, SEC, Sinopec Shanghai Petrochemical Company Ltd., and JXTG Holdings, Inc.

If you want to have the free sample of the report, go through the link here @ https://www.credenceresearch.com/sample-request/58868

Key Trends:

  • 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

Leading Players:

The key players present in this market are: Indian Oil Corporation (IOC), Sinopec Shanghai Petrochemical Company Ltd., Graphite India Ltd, Phillips 66, Mitsubishi Chemical Corporation, and Sea-Drift Coke LP among others.

Table Of Content:

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
1.3.3.1 Top-Down Approach
1.3.3.2 Bottom-Up Approach
1.3.4 Phase III – Expert Panel Review
1.3.5 Assumptions
1.4 Market Segmentation

Chapter 2 Executive Summary
2.1 Overview
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
3.1 Introduction
3.2 Market Dynamics
3.2.1 Market Drivers
3.2.2 Market Restraints
3.2.3 Opportunities
3.3 Impact Analysis of Drivers, Challenges and Opportunities During the Forecast Period
3.4 Attractive Investment Proposition, by Geography, 2016

BY GRADE:

On the basis of grade, the global needle coke market is categorized into following segments:

  • Base Premium
  • Intermediate Premium
  • Super Premium

BY TYPE:

On the basis of type, the global needle coke market is categorized into following segments:

  • Petroleum Derived
  • Coal Tar Pitch Derived

BY END-USER:

On the basis of end-user, the global needle coke market is categorized into following segments:

  • Steel Industry
  • Aluminum Industry
  • Nuclear Power
  • ‘Others’ (Lithium Battery, Aerospace, Electric Carbon Brush, etc.)

BY GEOGRAPHY:

Based on geographical distribution, the global needle coke market is segmented into following regions and countries:

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • U.K.
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • Rest of Middle East & Africa

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