Needle Coke Market - Global Industry Analysis, Size, Trends, Growth, Trends, and Forecast 2018 - 2028

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Needle Coke Market - Global Industry Analysis, Size, Trends, Growth, Trends, and Forecast 2018 - 2028

Status : May, 2020 | Chemical & Materials | PPT format

Report Digest


Global Needle Coke Market: Overview

The global needle coke market is projected to witness a high growth trajectory, owing to a robust CAGR (Compound Annual Growth Rate), between 2018 and 2028. A number of factors will drive this growth into the global needle coke market. Some of these include a shift in preference towards electric vehicles, which is creating lucrative growth opportunities in the market for players to dabble with.

Another growth factor would be rise in demand for steel, the production of which requires needle coke when produced via electric furnace.

Global Needle Coke Market: Competitive Landscape

The global needle coke market is seeing developments happening that are shaping the competitive landscape. Some of the most prominent developments are outlined below. More detailed glimpse can be had in the upcoming report by Transparency Market Research (TMR) on the global motion sickness drugs market.

The global needle coke market is fragmented owing to a large number of players flanking the market landscape. Key names in the global needle coke market are Phillips 66; Asbury Carbon Inc.; Seadrift Coke L.P.; Sumitomo Chemical Company; Mitsubishi Chemical Corp.; JXTG Nippon Oil & Energy Corp.; and Indian Oil Corporation., among others. Most players, in their endeavour to stay ahead of their competition, invest heavily in research and development (R&D), The focus right now for most is to develop the product using streams of low-value hydrocarbon that are heavier.

Global Needle Coke Market:  Key trends and driver

The global needle coke market is on an upward growth curve owing to various trends and drivers, prominent among which are spelled out below.

  • Demand for hybrid electric vehicles, or HEV, and Battery Electric Vehicles, or BEV, is rising for multiple reasons. One, as global warming is rising, governments are promoting use of these. Besides, as use of non-renewables sees a declining acceptance rate and reserves, the move to these electric vehicles is only natural and logical. It will help reduce carbon footprint as well as increase demand in the global needle coke market, as it is a primary raw material in manufacturing of graphite electrode, propelling it onto a high growth trajectory over the forecast period.
  • Expansion in production of steel, particularly in developed nations is also contributing to growth in the global needle coke market. This is particularly the case of North America and Europe.

Global Needle Coke Market:  Regional Analysis

Growth of a number of end use industries in the North American region along with improvement in the economies is improving the growth stats of steel production. Electric arc furnace (EAF) and other such technologies are also contributing to the growth of the global needle coke market by setting off the growth of mini mills which are significant in economies like that of the United States, where it accounts for 60% of domestic production.

However, it may be worth noting here that one of the most lucrative regions, growth wise, will be the Asia Pacific (APAC) and it will create opportunities that are worth the last buck, ready to be tapped into. The growth in the region will be attributable to government support towards reviving and promoting manufacturing.

Middle-east will also contribute significantly.

The report is segmented as presented below:

Grade

  • Super-premium
  • Premium-grade
  • Intermediate-grade

Application

  • Electrode
  • Silicon metals & ferroalloys
  • Carbon black
  • Rubber compounds

The study presents a granular assessment and quantitative evaluation of:

  • Key growth factors and prominent trends
  • Size and share of key segments in overall market
  • Key challenges and winning imperatives
  • Factors shaping competitive landscape
  • Insights into how contours of market will change in coming years
  • Technological advances
  • New avenues and imminent investment pockets
  • Regulatory landscape shaping current and future strategies of companies

The region-wise assessment includes market dynamics in:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The study is prepared with the help of an extensive primary and secondary research. Primary research includes but not limited to interactions, interviews, surveys, and events. Opinions of policy makers and industry experts are carefully integrated into the insights to complement primary research. Volumes of secondary data gleaned through renowned paid sources, annual statements, reputed journals, and government documents offer insights into current dynamics and key evolution trajectories the market is likely to assume. The research employs various industry-wide analytics methods and well-established methodologies to ascertain the attractiveness of key segments. Further, it evaluates the lucrativeness of key regions and factors underlying their maturity. The insights notably include a detailed analysis of forces behind vendor differentiation and offers insight into investment-decision making by prominent players.

The report strives to enlighten businesses and industry stakeholders on multiple facets of the growth dynamic of the market, the key of which include answers to:

  • Which key factors will shape the competitive landscape?
  • Which trends will stimulate research and development activities in different geographies?
  • Which are the lucrative growth areas and what is the size of potential they are likely contribute to the overall market?
  • Which disruptions in market growth are likely to come with the new business models?
  • Which are some of the recent overhauls in policies that may change the course of the market significantly?
  • Which are the geographies that will form sizable sources of new streams to new and established players alike?
  • How are top players likely to realign their strategy to counter the forces of competition?
  • Which key strategies emerging players are likely to focus on to consolidate their position?
  • Which changes in end-user preferences might affect the status quo held by the leading players?
  • Which are some of the game-changing innovations influencing the projected share and revenue of the market and its segments?

Note: Utmost care has invariably been taken to present data and arrive at statistics at all the TMR Research reports. Meanwhile, some recent developments and new industry trends may take time to be included in the reports.

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