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Needle coke Market Overview, Industry Top Manufactures, Size, Growth 2020-2027

needle coke Market<br>

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Needle coke Market Overview, Industry Top Manufactures, Size, Growth 2020-2027

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  1. Needle Coke Needle Coke Market To Reach Market To Reach USD 5.85 Billion By USD 5.85 Billion By 2027 2027

  2. Market Market Summary Summary The global needle coke market is expected to reach USD 5.85 Billion by 2027, according to a new report by Reports and Data. Needle coke is a high technology-intensive product and is primarily used in the production of graphite electrodes. The demand for lithium-ion batteries, mainly driven by the growing popularity of hybrid electric vehicles (HEV), battery electric vehicles (BEV), laptops, and smart devices, as well as growth of the steel industries (requiring graphite electrodes for arc furnaces), especially in the Asia Pacific region, among other factors, are causative for the growth of the market. In the current situation, steel companies have shown strong determination and carry on to uphold production amid the prevailing COVID-19 pandemic, which has severely affected businesses worldwide. Although steel production and related activities are covered under the Essential Commodities Act, it is a matter of concern as how long steel companies can go on producing as steel companies had bookings till March 2020 and would start facing issues to sell products from April as the majority of automotive companies and white goods producers shut down production, and hence impacting the demand for needle coke. Read More: https://www.reportsanddata.com/report-detail/needle-coke-market

  3. Market Market Summary Summary Further key findings from the report suggest By product type, petroleum-based needle coke held a larger market share in 2019 and is expected to grow at a rate of 6.1% in the forecast period. This product type has the ability to withstand high-temperature conditions, specifically in steel production, as well as it is less harmful to the environment. By grade, premium-grade needle coke is expected to grow at a rate of 6.1% in the forecast period. By application, electrodes contributed the largest market share in 2019 and is projected to grow at a rate of 6.6% in the forecast period. Graphite electrodes find usage in electric arc furnace (EAF) and ladle furnace (LF) for production of steel, silicon metal production, ferroalloy production, and smelting processes, among others. The market in the Asia Pacific region held the largest market share in 2019 and projected to have a CAGR of 7.4% in the period 2020-2027. The market dominance of the region is owing to the growing infrastructure and growth of the manufacturing sector. Key participants include Phillips 66, Mitsubishi Chemical Corporation, Graftech International, Sumitomo Chemical Company, Indian Oil Corporation Limited, China National Petroleum Corporation, Asbury Carbon Inc., Baosteel Group, Sojitz Ject Corporation, and Graphite India Limited, among others. • • • • •

  4. Market Market Summary Summary For the purpose of this report, Reports and Data have segmented the global needle coke market on the basis of product type, grade, application, and region: Product Type Outlook (Volume, Kilo Tons; 2017-2027 and Revenue, USD Million; 2017-2027) Coal-Based Needle Coke Petroleum-Based Needle Coke Grade Outlook (Volume, Kilo Tons; 2017-2027 and Revenue, USD Million; 2017-2027) Super-Premium Grade Premium Grade Intermediate-Premium Grade Application Outlook (Volume, Kilo Tons; 2017-2027 and Revenue, USD Million; 2017-2027) Electrodes Silicon Metal & Ferroalloys Carbon Black Rubber Compounds Others

  5. About US About US Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client’s make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power, and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise. Contact US Contact US John Watson Head of Business Development Reports And Data | Web: www.reportsanddata.com Direct Line: +1-212-710-1370 E-mail: sales@reportsanddata.com

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