"Actionable Insights to Fuel Your Growth"

Needle Coke Market Size, Share And Global Trend By Type(Petroleum Derived, Coal Tar Pitch), By Grade(Intermediate,Premium,Super Premium), By Application(Graphite Electrode, Lithium-Ion Battery, Special Carbon Material), And Geography Forecast Till 2021-2028

Region : Global | Report ID: FBI100516 | Status : Ongoing



The extensive consumption of petroleum products has been enlarged by two-fold since the last couple of decades. There are a number of by-products formed during the refining of hydrocarbon. Needle coke is a premium grade petroleum coke which is widely used in the manufacturing of graphite electrodes for arc furnaces in the steel industry. The superior quality of needle coke is hard and dense mass formed with a structure of carbon needles oriented in a single direction. This coke is highly crystalline and provides the properties needed for manufacturing graphite electrode. Crystallinity affects the most important property of graphite electrodes such as coefficient of thermal expansion and electrical resistivity. Needle coke is majorly a heating element used in an electric arc furnace (EAF) for steel making. The versatile properties of steel make it the most dominant material used in various industries around the world. Needle coke is a very essential element in the steel recycling process which boost the demand for needle coke in the market.

Needle coke is classified on the basis of type, grade, and application. The type is further divided into petroleum-derived and coal tar pitch needle coke. A high temperature is needed in steel making process and needle coke is used as a heating element due to its crystalline property. Companies are broadly using graphite electrode in batteries and nuclear reactor.

To gain extensive insights into the market, Request for Customization

The tremendous industrial development in the transportation, construction, aviation, energy industry has widened the growth of steel which, in turn, expected to intensify the demand for needle coke in the steel making process. Needle coke is also utilized in aluminium and battery manufacturing units which are expected to gain significant market growth for needle coke. The volatile market and uncertainty in the global crude prices is obstructing the growth of the needle coke market.

Key Players Covered

The leading needle coke companies in the world are GrafTech International Ltd., Graphite India Ltd., Mitsubishi Chemical Corporation, JXTG Holdings, Sumitomo Corporation, Indian Oil Corporation, Shaanxi Coal and Chemical Industry Group, Sojitz Ject Corporation, Posco Chemical Company, C-Chem Co., Ltd., China National Petroleum Corporation, Phillips 66, Baotailong New Material Co.,Ltd., Bao-steel Group, Seadrift Coke LP, Sinopec Shanghai Petrochemical Company Limited, and Petrocokes Japan Ltd.




By Type

·      Petroleum Derived

·      Coal Tar Pitch

By Grade

·      Intermediate

·      Premium

·      Super Premium

By  Application

·      Graphite Electrode

·      Lithium-Ion Battery

·      Special Carbon Material

·      Others

By Geography

·      North America (USA and Canada)

·      Europe (UK, Germany, France, Italy, Spain, Russia and Rest of Europe)

·      Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)

·      Latin America (Brazil, Mexico and Rest of Latin America)

·      Middle East & Africa (South Africa, GCC and Rest of Middle East & Africa)


Regional Analysis

The global needle coke market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. North America is expected to gain a significant market growth due to ongoing development in the exploration and production of hydrocarbon. Apart from oil and gas growth, the recent strategic development in electronics & telecommunication, transportation, infrastructure, appliances, and industrial products paves the way for the overall growth of the needle coke market. In Europe, the transformation of energy policies, increasing focus on energy security has shown and immense growth opportunities in solar power, wind power, along with technological advancement has increased the steel utilization rate which drives the needle coke market in the region. The Asia Pacific is proven to be a high potential market for the growth of needle coke. The presence of leading graphite electrode manufacturers and an increase in consumption of lithium batteries are driving the demand for needle coke in China. India being one of the fastest growing economies in the Asia Pacific region provides enormous development opportunities in a broad area. MEA is known for its remarkable exploration and production capacity for oil and gas across the world. Most countries are involved in hydrocarbon business and exporting petroleum products around the world which drives the demand for needle coke in MEA.

Key Industry Developments

  • In August 2018, The two Chinese companies Shanghai Baosteel Chemical Co. Ltd and Fangda Carbon are jointly setting up UHP (Ultra-High Power) grade graphite electrode plant under the subsidiary of ‘Boafang Carbon Material Technology Co. Ltd., The plant capacity is expected to be around 100,000 tonnes per year and planned to put it in operations by 2020.

  • In August 2018, Reliance Industries Ltd. has approached leading oil companies to buy petroleum coke from them to fire its $5 billion petcoke gasifiers.

Needle Coke Market Size, Share and Global Industry Trend Forecast till 2026
  • Ongoing
  • 2020
  • 2017-2019


  • 4850

Personalize this Research

  • Granular Research on Specified Regions or Segments
  • Companies Profiled based on User Requirement
  • Broader Insights Pertaining to a Specific Segment or Region
  • Breaking Down Competitive Landscape as per Your Requirement
  • Other Specific Requirement on Customization
Request Customization Banner

Energy & Power Clients


Client Testimonials

“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”

- One of the Leading Food Companies in Germany

“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”

- Intuitive Surgical

“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”

- Major Food Company in Japan

“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”

- Ziering Medical

“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”

- Major Manufacturer of Precision Machine Parts in India

“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”

- Hewlett-Packard

“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”

- Global Management Consulting Firm

“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”

- UK-based Start-up in the Medical Devices Sector

“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”

- One of the Largest Companies in the Defence Industry
We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies . More info.