Needle Coke Market Size To Be Worth USD 5.88 Billion by 2027 Growing at a CAGR of 6.5% | Emergen Research

Needle Coke Market Size To Be Worth USD 5.88 Billion by 2027 Growing at a CAGR of 6

Vancouver, British Columbia, Dec. 08, 2020 (GLOBE NEWSWIRE) — The Global Needle Coke Market is forecast to be worth USD 5.88 Billion by 2027, according to the current analysis by Emergen Research. The market for needle coke is witnessing a demand for technology-intensive products, and the product is used mainly in the production of graphite electrodes. The growing popularity of lithium-ion batteries in hybrid electric vehicles, battery electric vehicles, smart devices, and laptops, as well as the development of steel industries in the Asia Pacific region, will propel the growth of the market. The growing aerospace industry is propelling the demand for the market as there is increased usage of electrodes in the aircraft. With the growth in commercial usage of aircraft, the market for needle coke is also witnessing high demand. The market will be hindered due to limited DCC capabilities along with advancements in technology. However, properties such as a low coefficient of thermal expansion, the ability to prevent oxidation, and better shock absorption are anticipated to foster the growth of the needle coke market.Get FREE Sample Copy with TOC of the Report to understand the structure of the complete report@ https://www.emergenresearch.com/request-sample-form/242Graphite is a commonly used material in smartphones and laptops as a safe and reliable source of energy. Numerous companies are investing in the research of new anode materials and improving the graphite materials, which is expected to drive the usage of lithium-ion batteries and foster its demand.Key Highlights From The ReportIn August 2018, Baosteel Chemical Co. Ltd collaborated with Fangda Carbon to set up an Ultra-High Power grade graphite electrode production plant known as ‘Boafang Carbon Material Technology Co. Ltd.’Needle coke is manufactured from both petroleum-based and coal-based feedstocks. Coal-based needle coke is made from coal tar pitch, a by-product of coking metallurgical coal for blast-furnace steelmaking. The segment is projected to grow with a CAGR of xx% during the forecast period.The Super-Premium sub-segment held a major market share in the year 2019 and is a preferred grade in several steel and carbon companies owing to exceptional inherent and low sulfur content properties.Graphite electrodes are the major heating element used in an electric arc furnace. It is a steelmaking process wherein scrap from old appliances or cars is melted to produce new steel.North America held a significant share owing to the growth in end-use industries. Furthermore, the rise in demand for electric vehicles and the rapid industrialization of the construction and building industry is fostering the growth of the market.Key participants include Phillips 66, Mitsubishi Chemical Corporation, Indian Oil Corporation Limited, Graftech International, Sojitz Ject Corporation, Asbury Carbon Inc., China National Petroleum Corporation, Sumitomo Chemical Company, Baosteel Group, and Graphite India Limited, among others. ORDER NOW (Customized Report Delivered as per Your Specific Requirement)@ https://www.emergenresearch.com/select-license/242For the purpose of this report, Emergen Research has segmented the Global Needle Coke Market based on product type, grade, application, and region:Product Type Outlook (Revenue: USD Billion; 2017-2027)Coal-Based Needle CokePetroleum-Based Needle CokeGrade Outlook (Revenue: USD Billion; 2017-2027)Super-Premium GradePremium GradeIntermediate-Premium GradeApplication Outlook (Revenue: USD Billion; 2017-2027)ElectrodesSilicon Metal & FerroalloysCarbon BlackRubber CompoundsOthersTo identify the key trends in the industry and read full summary click on the link:   https://www.emergenresearch.com/industry-report/needle-coke-marketRegional Outlook (Revenue: USD Billion; 2017-2027)North AmericaU.S.CanadaEuropeGermanyU.K.FranceBENELUXRest of EuropeAsia PacificChinaJapanSouth KoreaRest of APACLatin AmericaBrazilRest of LATAMMiddle East & AfricaSaudi ArabiaU.A.E.Rest of MEATake a Look at our Related Reports:Spherical graphite market size was valued at USD 2,435.8 Million in 2019 and is forecasted to reach USD 9,598.8 Million by 2027 at a CAGR of 18.6%. The spherical graphite market is observing a double-digit growth attributed to its increasing usage in lithium-ion battery production.Sodium dichromate market size was valued at USD 759.2 Million in 2019 and is forecasted to reach USD 1,242.4 Million by 2027 at a CAGR of 6.3%. The sodium dichromate market is observing high demand attributed to its increasing application in pigment, metal finishing, chromium compounds preparation, leather tanning, and wood preservative.Acoustic insulation market size was valued at USD 12.94 Billion in 2019 and is forecasted to reach USD 19.64 Billion by 2027 at a CAGR of 5.3%. The acoustic insulation market is observing high demand attributed to its increasing application in building & construction, automotive, aerospace, and manufacturing.About Emergen ResearchEmergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.Contact Us:John WHead of Business DevelopmentEmergen Research | Web: www.emergenresearch.comDirect Line: +1 (604) 757-9756E-mail: sales@emergenresearch.comFacebook | LinkdIn | Twitter | BlogsRead Full Press Release@ https://www.emergenresearch.com/press-release/global-needle-coke-market

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