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April 22, 2020, 1:52 a.m. EDT

What are the key factors driving the global Needle Coke Market?

Needle Coke Market Size, Share And Global Trend By Type(Petroleum Derived, Coal Tar Pitch), By Grade(Intermediate,Premium,Super Premium), By Application(Graphite Electrode, Lithium-Ion Battery, Special Carbon Material), And Geography Forecast Till 2026

Apr 22, 2020 (The Expresswire) -- The global needle coke market is likely to gain momentum from the ongoing industrial development in energy, construction, transportation, and aviation industry. According to an upcoming report by Fortune Business Insights, titled, " Needle Coke "Market Size, Share and Global Trend by Type (Petroleum Derived, Coal Tar Pitch), by Grade (Intermediate, Premium, Super Premium), by Application (Graphite Electrode, Lithium-Ion Battery, Special Carbon Material), and Geography Forecast till 2026, needle coke is being utilized the most in battery, aluminum, and steel manufacturing units. This is likely to impact the global market positively. Additionally, it plays a very important role in the steel recycling process.

Request a Sample Copy of the Global Market Research Report https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/needle-coke-market-100516

Key Segmental Overview:

1. By Type

  • Petroleum Derived

  • Coal Tar Pitch

2. By Grade

  • Intermediate

  • Premium

  • Super Premium

3. By Application

  • Graphite Electrode

  • Lithium-Ion Battery

  • Special Carbon Material

  • Others

4. By Geography

  • North America (USA and Canada)

  • Europe (UK, Germany, France, Italy, Spain, Russia and Rest of Europe)

  • Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)

  • Latin America (Brazil, Mexico and Rest of Latin America)

  • Middle East and Africa (South Africa, GCC and Rest of Middle East and Africa)

For more information in the analysis of this report, visit https://www.fortunebusinessinsights.com/industry-reports/needle-coke-market-100516

Key Market Driver Extensive demand from steel industry

Key Market Restraint Unpredictable and volatile prices of oil and gas

Immense Growth Opportunities in Wind and Solar Power to Favor Growth in Europe

The global needle coke market is geographically divided into Latin America, Asia Pacific, the Middle East and Africa, Europe, and North America. Amongst these regions, North America is projected to witness notable growth in the market because of the persistent development in the production and exploration activities of hydrocarbon. Also, the ongoing strategic development in transportation, industrial products, electronics and telecommunication, and infrastructure will contribute to the overall needle coke market growth in this region. Europe, on the other hand, is witnessing a rise in the rate of steel utilization which is anticipated to propel the market. This is mainly because of the increasing focus on energy security which has further led to numerous growth opportunities in wind and solar power industries. Technological advancement is also aiding in the needle coke market growth in this region.

Fortune Business Insights predicts that Asia Pacific has a huge growth potential. This is because of the existence of several prominent graphite electrode manufacturers in the region. This is coupled with the rising adoption of lithium batteries in China. India, one of the fastest developing countries in Asia Pacific, is slowly opening its door to immense development opportunities. The Middle East and Africa is growing day by day due to its advanced production and exploration activities for gas and oil. This region is also exporting petroleum products and are involved in hydrocarbon business. These factors are likely to drive the needle coke market in this region.

Key Market Players Aim to Focus on Strategic Joint Ventures to Gain Competitive Edge

Two Chinese companies, namely, Shanghai Baosteel Chemical Co. Ltd, a manufacturer of premium steel products and Fangda Carbon, a manufacturer and seller of carbon products announced that they have jointly set up Ultra-High Power (UHP) grade graphite electrode plant in August 2018. The plant is named Boafang Carbon Material Technology Co. Ltd. The companies also revealed that the unit capacity is anticipated to be approximately 100,000 tons per year. The operation will commence from 2020. Shanghai Baosteel Chemicals possesses 51% share in this new company and the registered amount of this joint venture is USD 190 million. Reliance Industries Ltd., a multinational conglomerate company, headquartered in Mumbai, announced that it has approached three leading oil marketing companies to purchase petroleum coke, also known as petcoke from them in August 2018. It was done for firing its $5 billion petcoke gasifiers.

Request for customization https://www.fortunebusinessinsights.com/enquiry/customization/needle-coke-market-100516

Fortune Business Insights has profiled some of the prominent market players operating in the global needle coke market. They are

  • Graphite India Ltd.

  • Posco Chemical Company

  • Sinopec Shanghai Petrochemical Company Limited

  • GrafTech International Ltd.

  • Bao-steel Group

  • Mitsubishi Chemical Corporation

  • China National Petroleum Corporation

  • Sumitomo Corporation

  • Seadrift Coke LP

  • Shaanxi Coal and Chemical Industry Group

  • Petrocokes Japan Ltd.

  • Indian Oil Corporation

  • Phillips 66

  • JXTG Holdings

  • Baotailong New Material Co. Ltd.

  • Sojitz Ject Corporation

  • C-Chem Co. Ltd

Have any Query? Speak to Analyst at: https://www.fortunebusinessinsights.com/enquiry/speak-to-analyst/needle-coke-market-100516

Major Table of Content ForNeedle CokeMarket:

  1. Introduction

  2. Executive Summary

  3. Market Dynamics

  4. Key Insights

  5. Global Needle Coke Market Analysis, Insights and Forecast, 2026

  6. North America Needle Coke Market Analysis, Insights and Forecast, 2026

  7. Europe Needle Coke Market Analysis, Insights and Forecast, 2026

  8. Asia Pacific Needle Coke Market Analysis, Insights and Forecast, 2026

  9. The Middle East and Africa Needle Coke Market Analysis, Insights and Forecast, 2026

  10. Latin America Needle Coke Market Analysis, Insights and Forecast, 2026

  11. Competitive Landscape

  12. Company Profile

  13. Conclusion

An Overview of the Impact of COVID-19 on this Market:

The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.

We are taking continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future.

Click here to get the short-term and long-term impact of COVID-19 on this Market.

https://www.fortunebusinessinsights.com/industry-reports/needle-coke-market-100516

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