Needle Coke Market - Global Industry Analysis, Size, Trends, Growth, Trends, and Forecast 2018 - 2028
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.
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.
The global needle coke market is on an upward growth curve owing to various trends and drivers, prominent among which are spelled out below.
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:
This study provides a particularized anatomy according to the L.E.A.P mechanism
The regional analysis offers market assays across:
The study, prepared through the L.E.A.P mechanism adds a dimension of infallibility and assures precise information on all the growth dynamics.
Latest Trends and Cardinal Growth Prospects
The study assists in burnishing the knowledge of the stakeholder in terms of the emerging trends. The study provides an expansive coverage on the latest developments and novel profit-yielding sources that augur well with the market. A dedicated and determined team of experts conduct an out-and-out research on diverse aspects to offer ultimate breakthroughs in the market.
Existing and Future Insights in Growth
The interfusion of ubiquitous primary and secondary research through modern tools invites perfection and accuracy in every aspect. Primary research is circumspectly conducted through exhaustive interactions and interviews of experts. These valuable opinions are then neatly inducted in the report to allow the stakeholder for reaping the benefits. A treasure of secondary data is extracted via famed paid sources, yearly estimates and statements, renowned journals, and government documents. These sources assist in creating a robust database comprising existing and subsequent growth dynamics.
Ascensions in Technology
Diverse technological advancements and cutting-edge innovations in the market have been covered in this study to assist the stakeholder in research and development activities. Recent upgrades have also been added in the study, thus helping the stakeholder to paint the strokes of growth on the canvas of the market.
The study presents a plethora of challenges and obstacles that can hinder the growth of the market to allow the stakeholder to prepare their strategies accordingly.
The world ushered in the new decade with the shadow of the COVID-19 pandemic. The outbreak has damaged the growth prospects of several businesses and has crippled the entire economy. The study is in tandem with the changing dynamics of the market due to the SARS-CoV-2 outbreak. The study focuses on the coronavirus pandemic and analyses every aspect that impacts the growth positively or negatively.
An aerial perspective of the regions covered in this study enables the stakeholder to design strategies accordingly. The 360-degree assessment of every aspect associated with growth offers information on a rainbow of growth opportunities available across the market.
The exhaustive study motivates the stakeholder to take the 'LEAP' of faith and achieve success!
This report is the key to questions such as:
What are the prominent factors that will help in reshaping the market growth?
Which trends have the potential to bring expansive growth for the market?
What are the necessary strategies to overcome the ill-effects of the COVID-19 pandemic?
Which regions will emerge as champion growth contributors for the market?
Which aspects will serve as game-changers for the market?
What are the latest innovations in the market?
Which factors will hinder the growth of the market?
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