The global market for needle coke is expected to reach US $ 4.1 billion in 2021 and US $ 8.76 billion in 2030, with a compound annual growth rate (CAGR) of 8.8% during the projected period from 2022 to 2030. In the
steel and aluminum industry, needle coke is used as the main raw material in the manufacture of graphite electrodes. Coke is characterized by heat resistance, electrical resistance, easy oxidation, and a high thermal expansion coefficient. Needle coke accounts for more than 40% of the raw material cost of.
Needle coke supplies more than 40% of the raw material of graphite electrodes. Needle coke is also called cyclic coke. Therefore, the value of the electrode is high.
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Aspects that impact market growth
Market drivers : Adopting electric vehicles to reduce pollution levels and carbon dioxide emissions
Market growth: The sale of electric and hybrid vehicles is driving the demand for more energy-efficient Li-ion batteries, which is driving the needle coke market . Global growth is driven.
Market threats: Fluctuations in global crude oil and natural gas prices are key factors that negatively impact global market growth.
COVID-19 The siege caused disrupted global steel production. Supply chain disruptions slowed electric vehicle sales and reduced lithium ion consumption in 2020. However, some lithium ions Manufacturers have shifted production to meet the growing demand for respirators, which are an integral part of ICU equipment. Nevertheless, the sudden recession and turmoil in the supply and demand chain has led to overall market growth. In 2020 , the Asia-Pacific region held the largest revenue share in the needle coke market. The North American end-use industry grew steadily in 2020, but the North American market still has a large revenue share. Was holding.
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The Needle Coke Global Market survey provides valuable insights into the global market. Key market participants are: ..
The global market for needle coke is segmented with a focus on product type, grade, application, end use, and region.
Product type segmentation consists of coal-based needle coke and petroleum-based needle coke. For petroleum-based needle coke, we will also focus on shaft calciners and rotary kilns. By
grade, we will also focus on intermediate grades, premium grades and super premium grades. The
application segments are graphite electrodes and metallic silicon . And composed of alloyed iron, lithium ion negative electrode, carbon black, rubber compounds and other applications. The
application segment consists of the aluminum and steel industry, automotive, semiconductors and other end applications.
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