Global Needle Coke Market: Overview
Needle Coke is a premium grade, high-value, petroleum coke employed in the manufacture of graphite electrodes of very low thermal expansion coefficient for the electric arc furnaces in the steel industry. Only a few companies in the world manufacture needle coke. Production of needle coke involves specific feedstocks, coking environments, and calcination settings. The hardware components employed are similar to that of conventional delayed coker unit. Any heavier streams in the refinery and particularly with low sulfur content are considered as the feed, depending on the type of hydrocarbon molecules present.
The Asia Pacific region is estimated to hold a significant share of the needle coke market due to the rise in demand for steel and increased mining activities in China and India. The market in North America is anticipated to expand at a considerable pace during the forecast period due to higher demand for needle coke from India, China and other countries in Asia for superior needle coke in steel production including Russia. Needle coke has a direct impact on determining the prices of graphite since there is a direct correlation between steel production through EAF and graphite prices. Needle coke is majorly petroleum derived, and hence, prices can fluctuate significantly as it’s oligopolistic in nature.
Global Needle Coke Market: Research Methodology
Primary research represented the bulk of research efforts, supplemented by extensive secondary research. We reviewed key players’ product literature, annual reports, press releases, and relevant documents for competitive analysis and market understanding. This has proven to be the most reliable, effective, and successful approach for obtaining precise market data, capturing industry participants’ insights, and recognizing business opportunities
Secondary research sources which were typically referred to, but are not limited to, include: company websites, annual reports, financial reports, internal and external proprietary databases as well as relevant patent and regulatory database, national government documents, market reports, news articles, press releases, industry magazines, webcasts specific to companies operating in the market, and regulatory databases such as Factiva and Bloomberg, national government documents, statistical databases, and webcasts specific to companies operating in the Needle Coke market.
We conduct primary interviews on an ongoing basis with mining industry participants and commentators to validate data and analysis. Primary and secondary research were conducted to understand and arrive at trends, which were employed to carry out forecasts for the needle coke market. These help validate and strengthen secondary research findings. These also help develop the analysis, team’s expertise and market understanding.
Global Needle Coke Market: Competitive Landscape
Key major players operating in the needle coke market include Mitsubishi Chemical Corporation, Indian Oil Corporation Ltd., Phillips 66, JXTG Holdings, Inc., Seadrift Coke LP, C-Chem CO., LTD., PETROLEUM COKE INDUSTRIES CO. (K.S.C), Baotailong New Material Co., Ltd., Bao-steel Group, Sinopec Shanghai Petrochemical Company Limited, Shanxi Hongte Coal Chemical Co Ltd., Sinosteel Anshan Research Institute of Thermo-Energy Co., Ltd., Petrochina International Jinzhou Petrochemical Co., Ltd., and Shijiazhuang Deli Chemical Co.
Global Needle Coke Market has been segmented as follows:
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