Press Releases
 
Needle Coke Market Opportunities, Competitive Analysis, and Forecast To 2025

USA, 12 July 2018 -- New Market Research Reports Title "Needle Coke Market Growth, Share, Opportunities, Competitive Analysis, and Forecast To 2025: Credence Research" Has Been Added to Credenceresearch.com Report Database.

According to a new market report published by Credence Research “Global Needle Coke Market Growth, Future Prospects and Competitive Analysis, 2017 – 2025,” the needle coke market volume is expected to reach to 1,350.3 kilo tons by 2025, expanding at a CAGR of 5.1% from 2017 to 2025

Browse the full report Needle Coke Market by type (petroleum derived and coal tar pitch derived), by grade (base premium, intermediate premium and super premium), by end-user (steel industry, aluminum industry, nuclear power and others) – Market Growth, Future Prospects and Competitive Analysis, 2017 – 2025 at http://www.credenceresearch.com/report/needle-coke-market

Market Insights

The rising demand from end use industry such as steel is the key factor driving the market growth. Steel making is done by two methods: BOF (Basic Oxygen Furnace) and EAF (Electric Arc Furnace). Though BOF is much stronger than EAF route of steel making, the EAF route is slated to out power BOF in the future due to factors like, less environmental emissions, extreme high temperature operations, less facility space and high production output with less inventories. Overall operational expenditure is much lesser than BOF steel making route.

The EAF route has led to the market growth of needle coke, globally. Higher production of steel through EAF route and consolidation of graphite producers are likely to boost the needle coke market, globally, in the coming years. With the fluctuations in oil prices, since 2015, the consolidation is expected to bring about improvement in needle coke prices. Needle coke is majorly a derivative of crude oil. Hence, the crude oil price plays an important role in determination of graphite electrodes and correspondingly in the prices of needle coke.

Request to Sample of This Report @ http://www.credenceresearch.com/sample-request/58868

Higher production of steel in China till 2016 followed by its unprecedented dumping in other countries have led to an undue pressure on graphite electrode prices. This has directly affected the prices of needle coke since there is a direct co-relation between steel production via EAF route, graphite electrodes and needle coke prices.

In the past couple of decades, there has been positive co-relation between crude oil and graphite electrode price. Crude oil price has seen a high of US$ 150/barrel to a low of US$ 20/barrel. This has eventually resulted in needle coke price variation as US$ 2,200/ton in FY08-09 to US$ 4,350/ton in FY14-15 to a low of US$ 450/ton in 2016. In 2017, the prices have again risen to US$ 3,200/ton.

Request for Customization - http://www.credenceresearch.com/request-for-customization/58868

Major factors seen in the sudden rise are: shutting down of Chinese steel industries due to environmental concerns and high supply of needle coke in these nonfunctional steel plants, high dumping rate of needle coke since China is the largest market for needle coke in terms of annual import, production and consumption. These reasons have affected global needle coke market value chain. The needle coke manufacturers were finding it difficult to meet the demands from graphite electrode manufacturers. Though the prices have risen to normal levels, there is still skepticism in terms of availability of needle coke as there is high waiting period in terms of availability.

The key players, developers, suppliers and service providers are: Indian Oil Corporation (IOC), Phillips 66, Mitsubishi Chemical Corporation, Sea-Drift Coke LP, C-Chem Co. Ltd., Boatailong New Co. Ltd., Graphite India Ltd, HEG, Petroleum Coke Industries Co. Ltd., Tokai Carbon, Nippon Carbon, SEC, Sinopec Shanghai Petrochemical Company Ltd., and JXTG Holdings, Inc.

Key Trends:

Rising demand from end use industry
As a thumb rule in steel production, approximately 3kg of graphite electrode is used for the production of a ton of steel. Equivalent amount of needle coke is used for the production of graphite electrodes

About Us

Credence Research is a worldwide market research and counseling firm that serves driving organizations, governments, non-legislative associations, and not-for-benefits. We offer our customers some assistance with making enduring enhancements to their execution and understand their most imperative objectives. Over almost a century, we've manufactured a firm extraordinarily prepared to this task.

Media Contact

Name: Chris Smith

Address: 105 N 1st ST #429,

SAN JOSE, CA 95103 US

E-mail:

Ph.: +1-800-361-8290

Website: http://www.credenceresearch.com

# # #


Submitted by Swati_Mahajan, Acute Market Reports on Thursday, 12 July 2018 at 4:38 PM
Category: Business
 
Related News

Positive aspects OF OSTARINE (MK-2866)
Thursday, 19 Jul 2018

Forestry Truck Mounted Cranes Market Size, Share, Growth, Future Prospects, Competitive Analysis and
Thursday, 19 Jul 2018

Farm Management Software Market Size, Share, Growth, Future Prospects, Competitive Analysis and Fore
Thursday, 19 Jul 2018

Spice Up Your Space with Chirpy Dining Room Cabinets
Thursday, 19 Jul 2018

Evaporative Air Coolers Market Share, Size, Analysis & Forecast with Upcoming Trends 2018-2026
Thursday, 19 Jul 2018

Related Events

Office Expo Asia (OEA) 2018
Wednesday, 18 Jul 2018

Singapore Gifts & Premiums Fair (SGPFair) 2018
Wednesday, 18 Jul 2018

PrintPack+Sign (PP+S) 2018
Wednesday, 18 Jul 2018

Palo Alto Networks: Cloud Native (In)Security: A Practical Demonstration
Wednesday, 18 Jul 2018

Application Range of Portable Crusher Plant
Thursday, 19 Jul 2018

Latest News

Positive aspects OF OSTARINE (MK-2866)
Thursday, 19 Jul 2018

Forestry Truck Mounted Cranes Market Size, Share, Growth, Future Prospects, Competitive Analysis and
Thursday, 19 Jul 2018

Farm Management Software Market Size, Share, Growth, Future Prospects, Competitive Analysis and Fore
Thursday, 19 Jul 2018

Spice Up Your Space with Chirpy Dining Room Cabinets
Thursday, 19 Jul 2018

Evaporative Air Coolers Market Share, Size, Analysis & Forecast with Upcoming Trends 2018-2026
Thursday, 19 Jul 2018

 
Want to get your press releases, event listings, and job ads on Scoopasia? Register now for a FREE account or login if you already have one!
Scoopasia v1.0b. Copyright © 2018
Today is Thursday, 19 July 2018

About Scoopasia | FAQ | Privacy Policy | Contact Us

Press Releases
Event Listings
Job Listings
Arts & Entertainment
Architecture & Construction
Automotive & Travel
Business
Consumer Technology
Economy
Education
Enterprise Technology
Food & Fashion
Government & Policy
Health Care & Medical
Legal/Law
News & Media
Religion
Science & Research
Sports & Fitness
Login / Register
Get Scoopasia through RSS Feeds & Email Notifications!


Journalist's Toolbox
Hello journalist, welcome to Scoopasia--a powerful online resource for media information in Asia. Scoopasia has press releases and media events for every beat and industry. All content on Scoopasia is 100% FREE. You don't even need to login!

  • Scoop Line
    (Instant Information Request)
    The easiest way to ask questions and request information from the PR community.


  • Advanced Search
    Drill down, dig deep, for media information the way you want it.

  • Journalist's Resources
    Resources and tools you can't do without.

  • PR Tools
    Scoopasia Blog Search
    Search the largest handpicked collection of Asia's most prominent and influential blogs.


    Resources
  • PR Bookmarks
  • Web 2.0 Bookmarks
  • Media Bookmarks

    More Coming Soon...

  • Upcoming Events
  • The Medical Management of HIV or AIDS and Hepatitis
  • Office Expo Asia (OEA) 2018
  • PrintPack+Sign (PP+S) 2018
  • Singapore Gifts & Premiums Fair (SGPFair) 2018
  • Palo Alto Networks: Cloud Native (In)Security: A Practical Demonstration

  • Latest Jobs
    Sorry, there are currently no entries posted here.