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June 30, 2020, 2:49 a.m. EDT

What are the Needle Coke Market opportunities, risk and overview? Fortune Business Insights

Top Players in Needle Coke Market are GrafTech International Ltd., Graphite India Ltd., Mitsubishi Chemical Corporation, JXTG Holdings, Sumitomo Corporation, Indian Oil Corporation, Shaanxi Coal and Chemical Industry Group, Sojitz Ject Corporation, Posco Chemical Company, C-Chem Co., Ltd., China National Petroleum Corporation, Phillips 66, Baotailong New Material Co.,Ltd., Bao-steel Group, Seadrift Coke LP, Sinopec Shanghai Petrochemical Company Limited, and Petrocokes Japan Ltd

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Jun 30, 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

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