Needle Coke Market Key Industry Players Analysis and Competitive Strategies
The factors that are playing a major role in the growth of the market are the growing production of electric vehicles and the high demand in graphite electrodes and lithium-ion batteries.
(firmenpresse) - Global needle coke market is expected to grow at a significant CAGR in the upcoming period as the scope and its applications are rising enormously across the globe. Needle coke is a high value, premium grade petroleum coke exclusively used in the manufacturing of graphite electrodes of the very low coefficient of thermal expansion (CTE) for the electric arc heaters in the steel industry. It is crystalline and offers the properties needed for manufacturing graphite electrode.
The factors that are playing a major role in the growth of the market are the growing production of electric vehicles and the high demand in graphite electrodes and lithium-ion batteries. However, the high cost of graphite electrodes and the environment related concerns may restrain overall market growth in the years to come. Needle coke market is segmented based on product type, grade, application, and region.
Coal tar pitch and petroleum-derived are the product types that could be explored in needle coke in the forecast period. Petroleum-derived needle coke sector accounted for the substantial market share of needle coke and is estimated to continue its dominance in the years to come. Super premium (SP), intermediate (I), and premium (P) are the grades that could be explored in needle coke in needle coke industry in the forecast period. The super-premium sector accounted for the substantial market share of needle coke and is estimated to lead the overall market in the years to come.
The market may be categorized based on applications like specialty carbons, graphite electrode manufacturing, lithium-ion batteries, and others that could be explored in needle coke in the forecast period. The graphite electrode-manufacturing sector accounted for the substantial market share of needle coke and is estimated to lead the overall market in the years to come. The reason could be the rising use of needle coke in the graphite electrode manufacturing. In addition, lithium-ion batteries sector is estimated to grow at the fastest pace in the years to come.
Globally, Asia Pacific accounted for the substantial market share of needle coke and is estimated to lead the overall market in the years to come. The reason behind the overall market growth could be the rising demand for steel from several end-users, the growing investment in the steel sector, and the increasing automotive production in the developing countries. The developing countries like India and China are the major consumers of needle coke in the region.
Europe and North America are also estimated to have a positive influence on future growth. Europe is the second largest region with significant market share. However, North America is estimated to grow at the highest CAGR in the forecast period. The key players of needle coke market are Reliance Industries Limited, Essar Oil Ltd., Indian Oil Corporation Ltd., and GrafTech International Holdings Inc. These players are concentrating on inorganic growth to sustain themselves amidst fierce competition.
Themen in dieser Pressemitteilung:
Unternehmensinformation / Kurzprofil:
Million Insights, is a distributor of market research reports, published by premium publishers only. We have a comprehensive marketplace that will enable you to compare data points, before you make a purchase. Enabling informed buying is our motto and we strive hard to ensure that our clients get to browse through multiple samples, prior to an investment. Service flexibility & the fastest response time are two pillars, on which our business model is founded. Our market research report store includes in-depth reports, from across various industry verticals, such as healthcare, technology, chemicals, food & beverages, consumer goods, material science & automotive.
"Million Insights
Felton Office Plaza 6265 Highway 9 Felton, California 95018, United States
Phone: +1-408-610-2300
Toll Free: +1-866-831-4085
Email: sales(at)millioninsights.com"
Datum: 20.11.2019 - 04:16 Uhr
Sprache: Deutsch
News-ID 1554058
Anzahl Zeichen: 3289
contact information:
Contact person: Tom Clark
Town:
Felton
Phone: 14086102300
Kategorie:
Energy & Utilities
Typ of Press Release: Financial
type of sending: send
Date of sending: 20.11.2019
Anmerkungen:
Diese Pressemitteilung wurde bisher 452 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Needle Coke Market Key Industry Players Analysis and Competitive Strategies
"
steht unter der journalistisch-redaktionellen Verantwortung von
Million Insights (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
