Global Needle Coke Market was valued 975.73 million USD in 2015, and is estimated to be worth 742.34 million USD by 2022

Description :

In terms of revenue, the global Needle Coke market was valued 975.73 million USD in 2015, and is estimated to be worth 742.34 million USD by 2022. In terms of volume, the production of Needle Coke was about 988 K MT in 2015. And it is anticipated to reach 1380 K MT by 2022.
The Needle Coke industry is held by British, American and Japanese companies. ConocoPhillips is the bigges manufacturer of petroleum-based needle coke with the capacity recording 370 K MT, C-Chem is the biggest manufacturer of coal-based needle coke, the capacity of the company has been reached 170 K MT in 2015.
USA is the dominate producer of Needle Coke, the production was 307 K MT in 2015, accounting for about 31.07% of the total amount. China has huge demand for needle cokes since it is the largest steel producer in the world. And China has the highest production growth rate of 12.25% from 2011 to 2016. Even though a huge space for growth in the Chinese market exists, the quality and technology should be further improved. In 2011-2016, China’s production of needle coke soared from 174 K MT to 310 K MT.
Graphite Electrode accounted for the largest market with about 739 K MT of the global consumption volume for Needle Coke in 2015. Moreover, it is anticipated to grow at a CAGR of 5.00% from 2017 to 2022. With over 21.67% share in the Needle Coke market, Special Carbon Material was the second largest application market in 2015, and is anticipated to grow at a CAGR of 5.21%, in terms of consumption volume, from 2017 to 2022.
The needle price has dramatic changes in past few years. It once up to 2615 USD/MT in 2012 and then decreased to 988 USD/MT in 2015. In the following years, it will reduce slowly.



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