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Global Needle Coke Market 2019-2023

Global Needle Coke Market 2019-2023

Global Needle Coke Market: About this market

Needle coke has a needle-like structure and is made of either slurry oil from refineries or coal tar pitch. It is the major raw material for making graphite electrodes that are used in the manufacturing process of steel using an electric arc furnace (EAF). Technavio’s needle coke market analysis considers sales from the graphite industry, battery industry, and others. Our analysis also considers the sales of needle coke in APAC, Europe, North America, South America, and MEA. In 2018, the graphite industry segment had a significant market share, and this trend is expected to continue over the forecast period. Factors such as rising demand for graphite electrodes for the EAF method of steel production will play a significant role in the graphite industry segment to maintain its market position. Also, our global needle coke market report looks at factors such as an increase in oil refining capacity, rise in the adoption of green vehicles, increasing demand for UHP graphite electrodes. However, widening lithium demand-supply gap challenges faced in bringing investments in the coal industry due to regulations against carbon pollution, fluctuation in crude oil and coal prices may hamper the growth of the needle coke industry over the forecast period.

Global Needle Coke Market: Overview

Increasing demand for UHP graphite electrodes

Graphite electrodes are used in applications, such as submerged arc furnaces and ladle furnaces for the production of steel, non-metallic materials, and metals. They are also primarily used in EAFs for steel production. Graphite electrodes can be produced using petroleum coke or needle coke. Graphite electrodes are classified into regular power, high power, super high power, and UHP based on parameters such as resistivity, electric conductivity, thermal conductivity, resistance to oxidation and thermal shock, and mechanical strength. Out of all the types of graphite electrodes. UHP graphite electrodes are gaining attention in the steel industry. This demand for UHP electrodes will lead to the expansion of the global needle coke market at a CAGR of 6% during the forecast period.

The emergence of green steel

The emission of CO2 is a major issue faced by the steel industry worldwide. To resolve the issue, numerous research and development (R&D) activities have been undertaken. These R&D activities led to the emergence of green steel. Researchers have found a new steel-making process that can eliminate CO2 emissions completely. In the traditional steel-making process, during steel production, large amounts of smoke, carbon, and belching flame are released. The traditional steel-making process emits CO2 twice the weight of steel. However, the new process can accomplish steel-making with zero emissions. Pulverized coal injection and carbon capture and storage (CCS) technology are among them. This development is expected to have a positive impact on the overall market growth.

For the detailed list of factors that will drive the global needle coke market during the forecast period 2019-2023, click here.

Competitive Landscape

With the presence of a few major players, the global needle coke market is concentrated. Technavio’s robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading needle coke manufacturers, that include C-Chem Co. Ltd., GrafTech International Ltd., Mitsubishi Chemical Holdings Corp., Phillips 66 Co., Sojitz Corp., and Sumitomo Corp.

Also, the needle coke market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.


  • Executive summary
  • Scope of the report
    • Preface
      • Table Product overview
    • Currency conversion rates for US$
  • Market landscape
    • Market ecosystem
      • Table Global coal market
      • Table Segments of global coal market
    • Market characteristics
      • Table Market characteristics
    • Market segmentation analysis
      • Table Market segments
  • Market sizing
    • Market definition
      • Table Market definition - Inclusions and exclusions checklist
    • Market sizing 2018
      • Table Market size 2018
    • Market size and forecast 2018-2023
      • Table Global market: Size and forecast 2018-2023 ($ millions)
      • Table Global market: Year-over-year growth 2019-2023 (%)
  • Five forces analysis
    • Table Five forces analysis 2018
    • Table Five forces analysis 2023
    • Bargaining power of buyers
      • Table Bargaining power of buyers
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers
    • Threat of new entrants
      • Table Threat of new entrants
    • Threat of substitutes
      • Table Threat of substitutes
    • Threat of rivalry
      • Table Threat of rivalry
    • Market condition
      • Table Market condition - Five forces 2018
  • Market segmentation by end-user
    • Table End-user - Market share 2018-2023 (%)
    • Comparison by end-user
      • Table Comparison by end-user
    • Graphite industry - Market size and forecast 2018-2023
      • Table Graphite industry - Market size and forecast 2018-2023 ($ millions)
      • Table Graphite industry - Year-over-year growth 2019-2023 (%)
    • Battery industry - Market size and forecast 2018-2023
      • Table Battery industry - Market size and forecast 2018-2023 ($ millions)
      • Table Battery industry - Year-over-year growth 2019-2023 (%)
    • Others - Market size and forecast 2018-2023
      • Table Others - Market size and forecast 2018-2023 ($ millions)
      • Table Others - Year-over-year growth 2019-2023 (%)
    • Market opportunity by end-user
      • Table Market opportunity by end-user
  • Customer landscape
    • Table Customer landscape
  • Geographic landscape
    • Geographic segmentation
      • Table Market share by geography 2018-2023 (%)
    • Geographic comparison
      • Table Geographic comparison
    • APAC - Market size and forecast 2018-2023
      • Table APAC - Market size and forecast 2018-2023 ($ millions)
      • Table APAC - Year-over-year growth 2019-2023 (%)
    • Europe - Market size and forecast 2018-2023
      • Table Europe - Market size and forecast 2018-2023 ($ millions)
      • Table Europe - Year-over-year growth 2019-2023 (%)
    • Americas - Market size and forecast 2018-2023
      • Table Americas - Market size and forecast 2018-2023 ($ millions)
      • Table Americas - Year-over-year growth 2019-2023 (%)
    • MEA - Market size and forecast 2018-2023
      • Table MEA - Market size and forecast 2018-2023 ($ millions)
      • Table MEA - Year-over-year growth 2019-2023 (%)
    • Key leading countries
      • Table Key leading countries
    • Market opportunity
      • Table Market opportunity
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
      • Table Impact of drivers and challenges
  • Market trends
    • Declining Li-ion battery prices
    • Advancements in mining industry
    • Emergence of green steel
  • Vendor landscape
    • Overview
      • Table Vendor landscape
    • Landscape disruption
      • Table Landscape disruption
    • Competitive scenario
  • Vendor analysis
    • Vendors covered
      • Table Vendors covered
    • Vendor classification
      • Table Vendor classification
    • Market positioning of vendors
      • Table Market positioning of vendors
    • C-Chem Co. Ltd.
      • Table C-Chem Co. Ltd. - Vendor overview
      • Table C-Chem Co. Ltd. - Key offerings
    • GrafTech International Ltd.
      • Table GrafTech International Ltd. - Vendor overview
      • Table GrafTech International Ltd. - Business segments
      • Table GrafTech International Ltd. - Organizational developments
      • Table GrafTech International Ltd. - Geographic focus
      • Table GrafTech International Ltd. - Key offerings
    • Mitsubishi Chemical Holdings Corp.
      • Table Mitsubishi Chemical Holdings Corp. - Vendor overview
      • Table Mitsubishi Chemical Holdings Corp. - Business segments
      • Table Mitsubishi Chemical Holdings Corp. - Organizational developments
      • Table Mitsubishi Chemical Holdings Corp. - Geographic focus
      • Table Mitsubishi Chemical Holdings Corp. - Segment focus
      • Table Mitsubishi Chemical Holdings Corp. - Key offerings
    • Phillips 66 Co.
      • Table Phillips 66 Co. - Vendor overview
      • Table Phillips 66 Co. - Business segments
      • Table Phillips 66 Co. - Organizational developments
      • Table Phillips 66 Co. - Geographic focus
      • Table Phillips 66 Co. - Segment focus
      • Table Phillips 66 Co. - Key offerings
    • Sojitz Corp.
      • Table Sojitz Corp. - Vendor overview
      • Table Sojitz Corp. - Business segments
      • Table Sojitz Corp. - Organizational developments
      • Table Sojitz Corp. - Geographic focus
      • Table Sojitz Corp. - Segment focus
      • Table Sojitz Corp. - Key offerings
    • Sumitomo Corp.
      • Table Sumitomo Corp. - Vendor overview
      • Table Sumitomo Corp. - Business segments
      • Table Sumitomo Corp. - Organizational developments
      • Table Sumitomo Corp. - Geographic focus
      • Table Sumitomo Corp. - Segment focus
      • Table Sumitomo Corp. - Key offerings
  • Appendix
    • Research methodology
      • Table Validation techniques employed for market sizing
    • List of abbreviations
    • Definition of market positioning of vendors
      • Table Definition of market positioning of vendors
  • Explore Technavio

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