Petroleum Needle Coke Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2026

Petroleum Needle Coke Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2026

  • Transparency Market Research
  • Ongoing
  • Chemicals

Report Description


Heavy oils are heated in a feedstock under high temperatures of 440 °C to 520 °C and under pressures of 1 kg/cm2 to 10 kg/cm2. This process separates the cokable materials and cracked products. Gas oil, LPG, and other natural gases evaporate and the petroleum coke settles at the bottom in the form of residue. The residue is nothing but petroleum needle coke, which is the desired product. Needle coke is a high quality product used for the manufacturing of graphite electrodes, which are used in high power electric furnaces in the steel industry. The calcined form of needle coke is the raw material for the production of graphite electrodes in the iron manufacturing industry. It offers superior properties such as less breakage, low electric resistance, and low coefficient of thermal expansion. This is likely to boost the petroleum needle coke market.

The petroleum needle coke market is primarily driven by demand for graphite electrodes from the steel industry. High demand for steel from industries such as automotive, transport, building & construction, electrical engineering, consumer goods, foil & packaging, machinery & equipment, and others is propelling the steel industry. A factor restraining the global petroleum needle coke market is strict environmental regulations on the use of petroleum coke. Furthermore, the market is also affected by the highly volatile prices of fuel.

In terms of application, petroleum needle coke is utilized in the steel industry for the production of graphite electrodes, high power intermediates, carbon materials, and surging carbon intermediates.

Based on type, the petroleum needle coke market can be segmented into intermediate, premium, and super premium grades coke depending upon the sulfur content. Lower the sulfur content, higher is the grade of coke. The grades are decided based on the fineness of the coke. Super premium grade coke is used for the manufacturing of the ultra-high power graphite electrodes, which are used in electric arc furnaces in the steel and aluminum industry. Super premium grade sulfur offers superior properties such as low ash, low sulfur content, and low coefficient of thermal expansion. Premium coke and intermediate coke is used less in the steel and aluminum industries as compared to super premium grade coke.

In terms of geography, the petroleum needle coke market can be classified into North America, Asia Pacific, Europe, and Middle East & Africa. The market in Asia pacific is expected to expand at the significant rate during the forecast period, due to heavy demand from the steel and aluminum industries. China is estimated to be a significant producer and consumer of petroleum needle coke in the Asia Pacific region. Production of petroleum needle coke in India is expected to rise due to increase in demand from the construction and building industries. The market in North America is expected to expand at a moderate pace over the forecast period, owing to technological advancements in the region. The petroleum needle coke market in Europe is expected to be stable due to steady demand from the steel industry. The market in Latin America and Middle East & Africa is expected to expand at a sluggish pace during the forecast period.

Key players operating in the global petroleum needle coke market include Indian Oil Corporation Ltd, Royal Dutch Shell Plc., Phillips 66, Essar Oil Ltd, Seadrift Coke LP, Baotailong New Material Co., Ltd., JXTG Holdings, Inc. Petrochina International Jinzhou Petrochemical Co., Ltd., Reliance Industries Ltd, Mitsubishi Chemical Corporation, C-Chem CO., LTD., PETROLEUM COKE INDUSTRIES CO. (K.S.C), , Sinopec Shanghai Petrochemical Company Limited, Shanxi Hongte Coal Chemical Co Ltd., and Shijiazhuang Deli Chemical Co.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market   

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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