全球针状焦炭市场区域分析和预测(2019-2024)
Needle coke industry is a primary raw material that finds its significant application in the production of
steel, aluminum, stainless steel, silicon metals, and some other ferrous as well as non-ferrous metals.
Needle coke also finds its key applications in the manufacturing of lithium-ion batteries that are in high
demand in the automotive industry. Petroleum needle coke is mainly preferred by steel and battery
manufacturers. This is because the battery and steel manufacturers working on the EAF technique
only work on high-quality needle coke, ultra-high purity (UHP) for the production of lithium-ion battery
anodes, and graphite electrodes.
The growth of the needle coke market can be attributed to a steady surge in demand for lithium-ion
battery anodes to be used in lithium-ion batteries coupled with high demand for graphite electrodes
across the steel industry. The steel industry witnessed a growth rate of approximately 4% in 2018 in
terms of production as compared to the previous year. Along with this, the share of electric arc furnace
(EAF) route of steel production is increasing as compared to that of BOF, and this is further expected
to provide impetus to the demand for graphite electrodes, thus influencing the growth of global needle
coke market. The needle coke market is a very concentrated market consisting of approximately ten
giant players. GrafTech International Ltd. and Phillips 66 Company are the leading manufacturers
active in the needle coke market.