Global Petroleum Needle Coke Market Size Will Escalate to USD 1,728 Million in 2026
Coke is a byproduct of oil refining and coal gasification process and is used as a fuel to manufacture iron, steel and anodes for aluminum smelters. Higher quality ultra-high power (UHP) Aluminums and cathode electrodes to melt the scrap metal for recycling steel in the electric arc furnace (EAF) are manufactured from needle coke. For the production, of needle coke the separation of heavy fraction of aromatic feedstock is required to be done in fractionation unit. The thick fraction is then fed to coker unit to attain coking temperatures (3000˚C). The furnace operation is critical since it has to ‘delay’ the feed to attain desired temperature. This minimizes the coke formation in the furnace. Thus, the effective extraction of needle coke is done in this step which is similar to delayed coking.
Market Insights
The study projects that the Petroleum Needle Coke market will register a 13% CAGR in terms of revenue, which is expected to reach USD 1,728 million in 2026 from USD 735 million in 2019.
The graphite electrode sector is anticipated to dominate the entire market segment over the forecast period. Needle coke has a key application in the production of graphite electrodes owing to its properties such as it withstands in extreme temperature conditions, low coefficient of thermal expansion and resistant to electricity. The use of graphite electrodes in electric arc furnaces within the steel industry is expected to drive product demand in the coming years.
In 2018, North America region was the largest consumer of the global Petroleum Needle Coke market, with sales accounting for 34% of the world. The Asia-Pacific region follows close by, possessing the consumption share of 33%. Europe is the third largest market for Petroleum Needle Coke, accounting for 22% of global sales. The Asia-Pacific is presumed to dominate the regional market in the forecast period owing to robust demand of steel coupled with the expansion of steel & graphite electrode production within China is expected to fuel the market growth. Rising demand for lithium-ion batteries with booming graphite industry in Asian countries especially in China, India, and Japan is expected to further foster the petroleum needle coke market in following years.
Get FREE Sample of Petroleum Needle Coke Market Report at:
Competitive Outlook
l Phillips 66
l GrafTech International
l CNPC Jinzhou Petrochemical
l Others
Type Outlook
• High-Sulfur Petroleum Needle Coke
• Middle-Sulfur Petroleum Needle Coke
• Low-Sulfur Petroleum Needle Coke
Application Outlook
• Graphite Electrode
• Special Carbon Material
• Other
Regions Covered in the Report:
North America (United States, Canada, and Mexico)
Europe (Germany, UK, France, Italy, Denmark, Finland, Iceland, Norway and Sweden, Spain, Belgium, Poland, Russia, Turkey, and Others)
Asia-Pacific (China, Japan, India, South Korea, Australia, New Zealand, Indonesia, Thailand, Malaysia, Singapore, Philippines, Vietnam, and Others)
Latin America (Brazil, Argentina, Peru, Chile, and Others)
Middle East & Africa (GCC Countries, Southern Africa, and North Africa)
Purchase a copy of Petroleum Needle Coke report at:
The research report provides in-depth analysis on:
• The estimation of the growth rate, market size and share of the Petroleum Needle Coke Market throughout the forecast period.
• The assessments for the regional market layout characteristics in the world.
• The SWOT of the Petroleum Needle Coke Market.
• Leading manufacturers’ profiles, product features, business features, target customer features.
• Significant trends for the growth prospects of the Petroleum Needle Coke Market by 2026.
• The report tracks detailed information about merges, innovations, policies and recent developments in the industry.
Target Audience:
Petroleum Needle Coke potential investors
Distributors and resellers of Petroleum Needle Coke
Petroleum Needle Coke industry associations
Product managers, Petroleum Needle Coke industry administrator, C-level executives of the industries
Market research and consulting firms
Analysts and strategic business planners
Small and Medium-sized Enterprises (SMEs)
Ask for a discount at:
Table of Content
1 Report Overview
1.1 Product Definition and Scope
1.2 PEST (Political, Economic, Social and Technological) Analysis of Petroleum Needle Coke Market
…
2 Market Trends and Competitive Landscape
3 Segmentation of Petroleum Needle Coke Market by Types
4 Segmentation of Petroleum Needle Coke Market by End-Users
5 Market Analysis by Major Regions
6 Product Commodity of Petroleum Needle Coke Market in Major Countries
7 North America Petroleum Needle Coke Landscape Analysis
8 Europe Petroleum Needle Coke Landscape Analysis
9 Asia Pacific Petroleum Needle Coke Landscape Analysis
10 Latin America, Middle East & Africa Petroleum Needle Coke Landscape Analysis
11 Major Players Profile
11.1 Phillips 66
11.1.1 Phillips 66 Company Profile and Recent Development
11.1.2 Market Performance
11.1.3 Product and Service Introduction
11.2 GrafTech International
11.3 CNPC Jinzhou Petrochemical
11.4 Others
…
Base Year: 2018
Estimated Year: 2019
Forecast Period: 2019 to 2026
Contact:
Global Market Monitor
One Pierrepont Plaza, 300 Cadman Plaza W, Brooklyn,
NY 11201, USA
Phone: + 1 (347) 467 7721
Email: info@globalmarketmonitor.com
Web Site: https://www.globalmarketmonitor.com
We provide more professional and intelligent market reports to complement your business decisions.
Chinese