Needle Coke Market Size Worth $5.4 Billion By 2025 | CAGR 6.9%: Grand View Research, Inc.

Read 118 page research report with TOC on "Needle Coke Market Size, Share & Trends Analysis Report By Grade (Super-Premium, Premium, Intermediate), By Application (Electrode, Silicon Metals, Carbon Black), By Region, And Segment Forecasts, 2019 - 2025" at: https://www.grandviewresearch.com/industry-analysis/needle-coke-market Read 118 page research report with TOC on "Needle Coke Market Size, Share & Trends Analysis Report By Grade (Super-Premium, Premium, Intermediate), By Application...

Read 118 page research report with TOC on "Needle Coke Market Size, Share & Trends Analysis Report By Grade (Super-Premium, Premium, Intermediate), By Application (Electrode, Silicon Metals, Carbon Black), By Region, And Segment Forecasts, 2019 - 2025" at: https://www.grandviewresearch.com/industry-analysis/needle-coke-market

Needle coke is a primary element used in the manufacturing of graphite electrodes. The utilization of graphite in batteries has expanded at a robust pace over the past few years. It is the second heaviest component in lithium-ion batteries. These batteries require up to 10 to 20 times more graphite than lithium. Growth of steel industry along with increasing demand from lithium-ion batteries in electric vehicles is likely to remain a key driving factor for market growth in this region.

Rapid increase in demand for lithium-ion batteries from the automotive industry is expected to fuel the growth of needle coke industry. In addition, rising focus on the reduction of automobile weight to improve fuel efficiency and reduce carbon emissions is anticipated to drive the industry growth further. Graphite helps in providing substantial weight reduction and enhances the efficiency of batteries.

ConocoPhillips, Asbury, Sumitomo Chemical Company, and Seadrift Coke are the major players in the market for needle coke. These companies have a strong customer base, differential product offerings, and a robust distribution network across the globe. The threat of new entrants in the market is low due to high initial investments required for setting up manufacturing units and stringent government regulations.

Grand View Research has segmented the global needle coke market on the basis of grade, application, and region.

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Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

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