Needle Coke Overview
The Needle Coke market report has numerous segments clarifying the significance of statistical surveying for the following forthcoming decade (2020-2027). This report is intended to oblige requests of those organizations that wish to move into new market section. This step is majorly done by those organizations who want to expand their business portfolio along with realizing profits. The test run using the report guidelines help in gauging the market that further leads to fortifying the plan. This can be considered a smart marketable strategy. This tactic not only saves time but also the capital of the companies.
Global Needle Coke Market was valued at USD 3.65 Billion in 2018 and is projected to reach USD 4.947 Billion by 2026, growing at a CAGR of 3.88 % from 2018 to 2026.
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It is essential to follow the past trends as they give a detailed vision of the upcoming trends. With the idea about the latest trends, the Needle Coke report underlines the market drivers, weaknesses, opportunities and threats present in the existing market. Due to ongoing COVID-19 pandemic, majority of the businesses have succumbed to the market dip.
It must be noted that the Needle Coke market is one of the industries that were able to push past the market turbulence. This report gives background details of the market scenario along with suggesting steps to increase the ROI along with improving the probability of demand in the new market.
The study provides a comprehensive qualitative and quantitative analysis of the factors affecting the market with an aim to provide an in-depth analysis of growth trends in the market. The report aims to provide an accurate insight into the current and emerging trends of the market. Moreover, the report covers technological developments, market value analysis, volume, and micro- and macro-economic factors affecting the growth of the industry, along with the latest industry trends.
The report covers extensive analysis of the key market players in the market, along with their business overview, expansion plans, and strategies. The key players studied in the report include:
The study provides a detailed analysis of the market with respect to historical data, futuristic outlook of the market size and volume along with regulatory framework and development trends. The report further explores the market trends and demands in the major geographical regions of the global Needle Coke market along with a detailed analysis of the segments and sub-segments of the market.
Global Needle Coke Market, By Type:
• Petroleum Based
• Coal Based
Global Needle Coke Market, By Grade:
• Base Premium
• Intermediate Premium
• Super Premium
Global Needle Coke Market, By Application:
• Graphite Electrode
• Special Carbon Material
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A regional outlook containing market size, volume, share, volume, and cost analysis is offered in the report. Moreover, an in-depth analysis of the import/export, production and consumption ratio, gross profit, revenue generation, cost analysis, and other key data pertaining to the competitive landscape is offered in the report.
Radical information covered in the report:
- Regulatory framework of the industry and government policies of the industry
- Cost analysis, manufacturing and production analysis, and revenue estimations
- Micro- and macro-economic factors affecting the growth of the industry
- Regional outlook with analysis of key segments of the market
The report offers:
- An extensive overview of the Needle Coke industry and its workings
- Analysis of the market dynamics including drivers, constraints, challenges, threats, and opportunities of growth in the Needle Coke industry
- Current and emerging market trends observed at each key geographical region in the Needle Coke industry
- A thorough forecast estimation of the growth and size of the market
- Detailed coverage of research and development of the Needle Coke sector and study of the demands and application exploration of the products offered in the sector
- Thorough and detailed analysis of the competitors and their product portfolio
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Key Questions Answered by the Report:
- Which market segment or sub-segment is expected to grow at the highest CAGR during the forecast timeline?
- What is the forecast valuation of the Needle Coke market?
- Who are the leading players in the industry? What are the weaknesses and strengths of these players?
- What are the strategic business steps and initiatives taken by the key competitors in the industry?
- What region is expected to dominate the market in the forecast period?
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The ‘ Needle Coke market’ research added by Reports and Data, offers a comprehensive analysis of growth trends prevailing in the global business domain. This report also provides definitive data concerning market, size, commercialization aspects and revenue forecast of the industry. In addition, the study explicitly highlights the competitive status of key players within the projection timeline while focusing on their portfolio and regional expansion endeavors.
The key aspects driving the growth of the market include well-established and emerging regions, latest technological advancements, and end-use industries. It’s a market assessment tool which will help business, analysts, professionals take effective decision in their own businesses. The research study incorporates a perceptive study of the market history and forecast up to 2027.
Global Needle Coke Market Report 2020 – Market Size, Share, Price, Trend and Forecast is a professional and in-depth study on the current state of the global Needle Coke industry.
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The Needle Coke market report is a research study that forecasts this business space to accumulate substantial proceeds by the end of the forecast timeline, while recording a modest growth rate over the estimated duration. The report is also inclusive of significant details pertaining to the market dynamics – for example, the myriad driving forces influencing the revenue scope of this industry. Additionally, the market dynamics elaborate on the risks prevalent in this business sphere and the numerous growth opportunities that exist in this vertical.
Major Players in Needle Coke market are:
Phillips 66, Graftech International, Mitsubishi Chemical Corporation, Sumitomo Chemical Company, China National Petroleum Corporation, Indian Oil Corporation Limited, Asbury Carbon Inc., Sojitz Ject Corporation, Graphite India Limited, and Baosteel Group, among others.
Industry experts calculate share by taking into account the product sales over a period and then dividing it by the overall sales of the Needle Coke industry over a defined period. Subject matter experts further use this metric to offer a general idea of the share and size of a firm and its immediate rivals. By providing an in-depth knowledge of the position a company, as well as an entrepreneur, holds in the Needle Coke market.
Product Type Outlook (Volume, Kilo Tons; Revenue, USD Million; 2017-2027)
- Coal-Based Needle Coke
- Petroleum-Based Needle Coke
Grade Outlook (Volume, Kilo Tons; Revenue, USD Million; 2017-2027)
- Super-Premium Grade
- Premium Grade
- Intermediate-Premium Grade
Application Outlook (Volume, Kilo Tons; Revenue, USD Million; 2017-2027)
- Silicon Metal & Ferroalloys
- Carbon Black
- Rubber Compounds
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The Needle Coke market study, in essence, comprises an extensive evaluation of this industry vertical focusing on the regional scope of this market as well as a slew of deliverables – like the insights with regards to market share, revenue estimation, market concentration rate, market competition trends, and sales volume. Further, the Needle Coke market report encompasses information with regards to the sales channels that are adopted by diverse vendors to make sure that the best methodology for product marketing is chosen.
- The study provides an in-depth analysis of the market, with current trends and future estimations to elucidate the investment pockets.
- Comprehensive analysis of factors that drive and restrict the growth of the market is provided.
- The report provides a quantitative analysis to help the stakeholders to capitalize on prevailing market opportunities for the period (2019-2026) in terms of value.
- Extensive analysis of different segments facilitates to understand various products of the market.
- Key players are profiled and their strategies are analyzed thoroughly, which predict the competitive outlook of the market.
The Needle Coke Industry is intensely competitive and fragmented because of the presence of several established players participating in various marketing strategies to expand their market share. The vendors available in the market compete centered on price, quality, brand, product differentiation, and product portfolio. The vendors are increasingly emphasizing product customization through customer interaction.
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Evaluating potential business partners:
Our research and insights help our clients in identifying compatible business partners.
In the end, the report also delivers business strategy of Needle Coke industry key players along with their strengths and weaknesses. It will elevate the knowledge of the overall outlook of the entire market.
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- Regional demand estimation and forecast
- Pre-commodity pricing volatility
- Technological updates analysis
- Location Quotients Analysis
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- Competitive Analysis
- Product Mix Matrix
- Vendor Management
- Cost Benefit Analysis
- Supply chain optimization analysis
- Patent Analysis
- Carbon Footprint Analysis
- R & D Analysis
- Mergers and Acquisitions
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According to the new research report by Transparency Market Research, the vendor landscape of the global needle coke market is a highly fragmented one. Because of the presence several leading players operating in the market, the fragmentation of the vendor landscape is high. Some of the leading competitors in the global needle coke market are Indian Oil Corporation Ltd., Baotailong New Material Co. Ltd., Mitsubishi Chemical Corporation, JXTG Holdings Inc., and Phillips 66 among others.
The research report states that the global needle coke market will exhibit a steady CAGR of 4% for the given projection period of 2018 to 2026. With this rate of growth, the market is expected reach the mark of US$5.18 bn by the end of 2026. In addition to this, the coke needle market will attain a valuation of 1.43 million tons in terms of volume sale by the end of the forecast period.
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In terms of type of product, the segment of petroleum-based needle coke is projected to emerge as the biggest one. The segment will continue to be the leading contributor in the global market throughout the forecast period. On the other hand, in terms of product grade, the segment of super-premium needle coke will dominate the global market in the near future.
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Increasing Demand from Steel Industry to Propel Market Growth
There are numerous reasons behind the recent growth of the global needle coke market. One of the biggest driving factors for market growth is its extensive use across the manufacturing sector. The demand for needle coke for the production of graphite electrodes is immense. Graphite electrodes are mainly used in steel industries. With the current development rate of the steel market across the globe, it is natural that the needle coke market will benefit from it. In addition to this, there are several other benefits of using needle coke and thus its demand is high from the manufacturing sector. Such factors are thus expected to drive the overall growth of the global market in coming years.
Asia Pacific to Emerge as Leading Regional Segment
From a geographical perspective, the global needle coke market is divided into five main regional segments viz. Middle East and Africa, Europe, Latin America, Asia Pacific, and North America. The regional segment of Asia Pacific is projected to be the biggest contributor for the development of the global market. Countries such as India and China are experiencing high growth in their respective manufacturing and industrial sectors. This is in turn work in favor of the development of the global needle coke market.
Market Segmentation is as follows:
- Petroleum Derived
- Coal Tar Pitch Derived
- Super Premium
- Graphite Electrode
- Lithium Ion Batteries
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