The global needle coke market is growing driven by the increasing demand for needle coke in the production of high-quality graphite electrodes for the steel and aluminum industries.
The global needle coke market is expected to experience significant growth due to the increasing demand for needle coke in the manufacturing of high-quality graphite electrodes for the steel and aluminum industries. According to the latest market report, the market revenue for needle coke reached $3.5 billion in 2021 and is projected to grow at a remarkable compound annual growth rate (CAGR) of 8.9% during the forecast period from 2022 to 2030, reaching $6.8 billion by 2030. Needle coke is a specialized form of petroleum coke and is a crucial raw material in the production of graphite electrodes, which are essential for steel manufacturing in electric arc furnaces (EAF) and aluminum refining processes. The increasing adoption of electric vehicles (EVs), the rise in global steel production, and the growth of the aluminum industry are contributing to the demand for needle coke. For application methods, please check the [PDF download] button or apply directly through the related links.
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Scope of the Report The segmentation of the global needle coke market focuses on product type, grade, application, end-use, and region. Segmentation Based on Product Type Coal-based needle coke Petroleum-based needle coke Shaft calciners Rotary kilns Segmentation Based on Grade Intermediate grade Premium grade Ultra-premium grade Segmentation Based on Application Graphite electrodes Metal silicon and ferroalloys Lithium-ion anodes Carbon black Rubber compounds Other applications Segmentation Based on End-Use Aluminum and steel industry Automotive Semiconductors Other end-uses
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