Needle Coke Market – Global Growth, Trends, COVID-19 Impact, and Forecasts 2021-2026: Growing Demand for Lithium-Ion Batteries and the Rising Availability of Steel Scrap in China – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–The “Needle Coke Market – Growth, Trends, COVID-19 Impact, and Forecasts (2021 – 2026)” report has been added to ResearchAndMarkets.com’s offering.

The global needle coke market stood at 1,209.52 kilo tons in 2020 and is estimated to register a CAGR of around 12%, over the forecast period 2021-2026

The major factors driving the growth of the market studied are the growing demand for lithium-ion batteries and the rising availability of steel scrap in China.

On the flipside, the impact of COVID-19 is acting as a roadblock to the growth of the market studied. An increase in lithium-ion battery production in Europe is likely to act as an opportunity for the market studied over the forecast period. Asia-Pacific region is expected to dominate the market and is also likely to witness the highest CAGR during the forecast period.

Key Market Trends

Graphite Electrodes Segment to Dominate the Market

Needle coke is used as a primary raw material for graphite electrodes in an electric furnace. It is a premium grade, high-value petroleum coke used in the manufacturing of graphite electrodes of a very low coefficient of thermal expansion (CTE) for the electric arc furnaces in the steel industry.

When making the electrodes, it takes up to six months to make with processes, including baking and rebaking to convert the coke into graphite. Graphite has high thermal conductivity and is very resistant to heat and impact. It also has low electrical resistance, which is needed to conduct the large electrical currents necessary to melt iron, and thus can sustain sustaining the extremely high levels of heat generated in EAF (Electric Arc Furnace).

Graphite electrodes are divided into 4 Types: RP Graphite electrodes, HP Graphite electrodes, SHP Graphite electrodes, and UHP Graphite electrodes. The Graphite electrodes are primarily used in the electric arc furnace steel manufacturing, alloy steel, various alloys, and nonmetals melting. These electrodes can provide high levels of generated heat, and they are also used in the refinement of steel and similar smelting processes. These graphite electrodes can melt iron scrap in an electric arc furnace at a temperature of about 1600?.

China is the both the largest manufacturer and consumer of the graphite electrode across the world. Over the past few years, graphite electrode witnessed a significant rise in prices. The COVID-19 outbreak has negatively affected the production of graphite electrode across the world and has caused major supply chain disruptions. The above-mentioned factors are likely to affect the demand for needle coke for graphite electrode application during the forecast period.

Competitive Landscape

The needle coke market stands to be a consolidated market, and the top 7 players accounted for over 48% of the global production capacity in 2020. While the market had been highly concentrated till 2018, with numerous capacity additions observed in 2019 and 2020 (majorly in the Chinese market), the market shares held by major players in the global market also witnessed noteworthy adjustments.

Some of the major players in the market include Phillips 66 Company, Shandong Jingyang Technology Co. Ltd, C-Chem CO., Ltd., Shanxi Hongte Coal Chemical Co., Ltd., and Shandong Yida Rongtong Trading Co. Ltd, among others.

Key Topics Covered:

1 INTRODUCTION

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS

4.1 Drivers

4.1.1 Increasing Demand for Lithium-ion Batteries

4.1.2 Rising Availability of Steel Scrap in China

4.2 Restraints

4.2.1 Impact of COVID-19 Pandemic

4.3 Industry Value-Chain Analysis

4.4 Porters Five Force Analysis

4.5 Price Trend Analysis

5 MARKET SEGMENTATION

5.1 Type

5.1.1 Petroleum Derived

5.1.2 Coal-tar Pitch Derived

5.2 Application

5.2.1 Graphite Electrodes

5.2.2 Lithium-ion Battery

5.2.3 Other Applications

5.3 Geography

6 COMPETITIVE LANDSCAPE

6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

6.2 Market Share Analysis

6.3 Strategies Adopted by Leading Players

6.4 Company Profiles

6.4.1 Baosteel Group

6.4.2 C-Chem Co., Ltd.

6.4.3 China National Petroleum Corporation

6.4.4 JX Nippon Oil & Gas Exploration Corporation

6.4.5 Kaifeng Pingmei New Carbon Material Technology Co. Ltd (KFCC)

6.4.6 Mitsubishi Chemical Corporation

6.4.7 Phillips 66 Company

6.4.8 PMS Tech (a joint venture of POSCO Chemtech and Mitsubishi Chemical)

6.4.9 Seadrift Coke L.P. (GrafTech International)

6.4.10 Shandong Jing Yang Technology Co. Ltd

6.4.11 Shandong Yida Rongtong Trading Co. Ltd

6.4.12 Shanxi Hongte Coal Chemical Co. Ltd

6.4.13 Sinosteel Corporation

7 MARKET OPPORTUNITIES AND FUTURE TRENDS

7.1 Increase in the Lithium-ion Battery Production in Europe

For more information about this report visit https://www.researchandmarkets.com/r/v714gl

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