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Needle Coke Market Size, Share, Trends, Demand, Growth, Techniques, Overview, Segmentations, Classifications & Forecasts to 2027

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Needle Coke Market Size, Share, Trends, Demand, Growth, Techniques, Overview, Segmentations, Classifications & Forecasts to 2027

February 20
19:43 2021
The study methodologies used to examine the Needle Coke market for the forecast period, 2020 – 2027 further classifies the industry by type, geography, end-use and end-user to add more precision and bring to light factors responsible for augmenting business development.

Needle coke is made entirely from either coal tar pitch or from fluid catalytic cracking, which can also be termed as FCC decants oil. Honeycomb coke is an intermediate needle coke, with elliptical pores that are distributed uniformly. Needle cokes are used majorly as a primary material for the graphite electrodes in an electric furnace. Needle coke produced from coal tar is called coal-based needle coke, which appears during coke production. Needle coke has its applications in Electrode, Silicon metals & ferroalloys, carbon black, and rubber compounds.

Market Drivers

The emergence of electric vehicles was very less; however, the growing trend that adopted a hybrid electric car is expected to achieve importance in the next couple of years due to the implementation of various steps to reduce carbon and other harmful emissions. The rising preference towards hybrid electric cars is estimated to be the considerable factor expected to propel the market for needle coke during the forecast period. Needle coke is the primary raw material used for the manufacture of graphite electrodes with the help of an arc furnace in the aluminum and steel industries.

Regional Analysis

According to the regional terminology, the Asia Pacific region had the largest market share in terms of revenue share due to governmental initiatives for the support of the domestic manufacturing that will restrain reliance on imports, which in turn will propel the regional production levels and will provide opportunities for industrial manufacturers and graphite producers. 

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Key Highlights From The Report

In September 2020, Indian Oil Corporation announced its plan to invest Rs1,268 crore or USD 1.7 Million in a new petroleum needle coke in Odisha at its Paradip Refinery unit. The unit is proposed to have a capacity of 56ktpy.

Coal-based needle coke has an inherent advantage over the petroleum coke as it is more aromatic and has fewer side effects attached to the aromatic rings. If treated properly, the needle coke from coal-based feedstock could be superior to that from the petroleum-based feedstock.

The super-premium grade exhibits a low puffin rate, low coefficient of thermal expansion (CTE), which ensures higher productivity by 5% in the recycling operations of steel. The super-premium grade is also the finest grade used in the production of high-quality ultra-high power (UHP) graphite electrodes.

Graphite electrodes find application in the ladle furnace (LF) and electric arc furnace (EAF) for the production of silicon metal, steel, melting processes, and ferroalloy production, among others.

The market in the Asia Pacific region dominated the needle coke market share in the year 2019 and is anticipated to have a CAGR of 7.5% during the forecast period. The high market share in the region is due to the growth of the manufacturing sector and growing infrastructure.

Key participants include Mitsubishi Chemical Corporation, Phillips 66, Graftech International, Indian Oil Corporation Limited, Sumitomo Chemical Company, Sojitz Ject Corporation, China National Petroleum Corporation, Baosteel Group, Asbury Carbon Inc., and Graphite India Limited, among others.

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Product Type Outlook (Revenue, USD Billion; 2017-2027)

Coal-Based Needle Coke

Petroleum-Based Needle Coke

Grade Outlook (Revenue, USD Billion; 2017-2027)

Super-Premium Grade

Premium Grade

Intermediate-Premium Grade

Application Outlook (Revenue, USD Billion; 2017-2027)


Silicon Metal & Ferroalloys

Carbon Black

Rubber Compounds


Key questions answered in the report

What will be the market size in terms of value and volume in the next five years?

Which segment is currently leading the market?

In which region will the market find its highest growth?

Which players will take the lead in the market?

What are the key drivers and restraints of the market’s growth?

Research Methodology

Data triangulation and market breakdown

Research assumptions Research data including primary and secondary data

Primary data includes breakdown of primaries and key industry insights

Secondary data includes key data from secondary sources

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Table of Content

Chapter 1. Methodology & Sources

    1.1. Market Definition

    1.2. Research Scope

    1.3. Methodology

    1.4. Research Sources

          1.4.1. Primary

          1.4.2. Secondary

          1.4.3. Paid Sources

    1.5. Market Estimation Technique

Chapter 2. Executive Summary

    2.1. Summary Snapshot, 2019-2027

Chapter 3. Key Insights

Chapter 4. Needle Coke Market Segmentation & Impact Analysis

    4.1. Needle Coke Market Material Segmentation Analysis

    4.2. Industrial Outlook

          4.2.1. Market indicators analysis

          4.2.2. Market drivers analysis

           Growing demand in the packaging sector

           Growth of the building & construction industry

           Increasing usage in production of adhesive bandages

           Surging demand from the APAC region

          4.2.3. Market restraints analysis

           Volatility in the price of raw materials

    4.3. Technological Insights

    4.4. Regulatory Framework

    4.5. Porter’s Five Forces Analysis

    4.6. Competitive Metric Space Analysis

    4.7. Price trend Analysis

    4.8. Covid-19 Impact Analysis

Chapter 5. Needle Coke Market By Resin Type Insights & Trends, Revenue (USD Million) 

Chapter 6. Needle Coke Market By Substrate Insights & Trends Revenue (USD Million) 

Chapter 7. Needle Coke Market By Distribution Channel Insights & Trends Revenue (USD Million) 

Chapter 8. Needle Coke Market By Application Insights & Trends Revenue (USD Million) 

Chapter 9. Needle Coke Market Regional Outlook


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