Needle Coke Market

Needle Coke Market Size, Share, By Type (Petroleum Based, and Coal-Based), Feedstock (Decant Oil, Coal Tar Pitch, and Others), Process (Delayed Coking, Fluid Coking, and Flexicoking), Grade (Super-Premium, Premium-Grade, and Intermediate Grade), Application (Electrode, Silicon Metals & Ferroalloys, Lithium-ion Batteries, Rubber Compounds, and Others), and Region - Trends, Analysis, and Forecast till 2035

The Needle Coke Market Report offers an in-depth exploration of emerging market trends, driving factors, challenges, and key segments that shape the industry. It includes a thorough examination of regulatory frameworks, company profiles, and the latest industry developments. The report delves into product development, positioning strategies, and the impact of new technologies on the market landscape. By identifying challenges and opportunities, the report provides a detailed roadmap for market growth.

The needle coke is a high-quality, premium grade of petroleum coke known for its needle-like crystalline structure, low coefficient of thermal expansion (CTE), and high carbon purity. It is a key raw material used in the manufacturing of graphite electrodes, which are essential components in electric arc furnaces (EAF) for steel production. Countries such as China, India, Brazil, and Indonesia are rapidly industrializing, increasing demand for petrochemical-based materials such as construction polymers, resulting to drive needle coke market growth.

Report Highlights:

Needle coke market size is accounted for USD 4.4 Billion in 2025.

By 2035, market size is expected to increase at a rate of USD 11.2 Billion, and increasing at a CAGR of 10.8%.

Based on type, the petroleum-based is predictable as the most dominant segment in needle coke market share.

Needle coke market is dominated by, decant oil on the basis of feedstock.

Under process, the needle coke market is superior by delayed coking industry.

By grade, super-premium segment holds the major share in the needle coke market.

On the basis of application, the needle coke market is dominated by electrodes segment.

Asia Pacific is anticipated to witness the highest growth rate during the forecast period in the market.

North America is the second dominating segment in the market.

Key Highlights

• In May 2023, TAQAT Development Company signed agreement with Chevron Lummus Global (CLG), a provider of hydro processing technologies and engineering services, for a new 75,000 TPA needle coke/synthetic graphite complex in Rabigh, Saudi Arabia. The grassroots complex was utilized by CLG’s two-step coking process to convert feedstock streams into high-quality needle coke, and synthetic graphite.

Report Analysis:

Heat Treatment of Needle Coke:

• Needle coke is a highly crystalline form of carbon derived primarily from petroleum or coal-based feedstocks and is essential in the production of graphite electrodes, used in electric arc furnaces for steel manufacturing. One of the most critical steps in enhancing the performance of needle coke is its heat treatment, which significantly improves its physical and structural properties. There are typically two major phases:
• Calcination: During calcination, the raw needle coke is heated to around 1200–1500°C to remove moisture, volatile materials, and impurities, thereby increasing its carbon content and enhancing its structural stability. This step significantly improves the material's physical strength and thermal conductivity.
• Graphitization: graphitization, involves heating the calcined needle coke to temperatures exceeding 2800°C in an electric resistance furnace. This process reorganizes the carbon atoms into a highly crystalline graphite structure, significantly enhancing its electrical conductivity, thermal resistance, and oxidation stability properties which is essential for its use in high-performance applications such as steelmaking and energy storage.

Segmentation:

By Type:

• Petroleum Based
• Coal-Based

By Feedstock:

• Decant Oil
• Coal Tar Pitch
• Others

By Process:

• Delayed Coking
• Fluid Coking
• Flexicoking

By Grade:

• Super-Premium
• Premium-Grade
• Intermediate Grade

By Application:

• Electrode
• Silicon Metals & Ferroalloys
• Lithium-ion Batteries
• Rubber Compounds
• Others

By Region:

• North America
• U.S.
• Canada
• Europe
• Germany
• U.K.
• France
• Russia
• Italy
• Spain
• Netherlands
• Rest of Europe
• Asia Pacific
• China
• India
• Japan
• Australia
• Indonesia
• Malaysia
• South Korea
• Rest of Asia Pacific
• Latin America
• Brazil
• Mexico
• Argentina
• Rest of Latin America
• Middle East & Africa
• GCC
• Israel
• South Africa
• Rest of Middle East & Africa

Needle Coke Market Companies:

Befar Group Co., Ltd

China Petroleum & Chemical Corporation

DYM Resources

Metso

Ariyan International Inc.

Tokai Carbon Co., Ltd.

Indian Oil Corporation Ltd.

Mott

Mitsubishi Chemical Group Corporation

Asbury Carbons

GrafTech International

RIZHAO HENGQIAO CARBON CO.,LTD.

HEG Limited

Sojitz JECT Corporation

Petrobras

What You’ll Gain from This Report:

• Regional & Country-Specific Insights: Unlock detailed market share analysis across key regions and countries, empowering you to pinpoint growth opportunities and optimize your strategic positioning.
• Guidance for Market Entry: Expert-backed strategies to overcome entry barriers, establish a foothold, and accelerate expansion in new or competitive markets.
• Reliable Long-Term Forecasts: Data-driven projections from 2025 to 2035, including pivotal milestones for 2025, 2026, and 2030, ensuring confident, future-proof investments.
• In-Depth Market Trend Analysis: Explore the forces shaping the industry—drivers, challenges, emerging opportunities, and risks—along with insights into high-growth sectors and potential obstacles.
• Proven Business Strategies: Actionable, data-backed recommendations tailored to key market segments, helping you maximize profitability and outperform competitors.
• Competitive Intelligence: Stay ahead with a clear view of industry trends, competitor strategies, and untapped market potential to refine your approach.
• Exclusive Company Profiles: In-depth analysis of top market players, including business models, financial performance, strategic initiatives, and recent developments.
• Innovative Supply Chain Trends: Discover the latest technological advancements transforming supply chains—boosting efficiency, cutting costs, and driving innovation.

This report provides the strategic intelligence you need to navigate a dynamic market landscape and make decisions that propel long-term success.

FAQs:

Key Questions Answered in the Report.

1. What was the Needle Coke Market size in 2025?

2. What is projected growth rate of the Needle Coke Market during 2025-2035?

3. What are the key factors driving the Needle Coke Market growth?

4. What are leading players in the Needle Coke Market ?

5. What are the key regions analyzed in the Needle Coke Market ?

6. Which region is dominating in the Needle Coke Market ? Show more