Global Needle Coke Industry to 2029
DUBLIN, June 16, 2021 / PRNewswire / – The “Needle Coke Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecast, 2021-2029” report was added to ResearchAndMarkets.com offer.
The premium type of petroleum coke and coal tar coke is needle coke. Coke is a by-product of the petroleum refining and coal gasification process and is used as fuel to make iron, steel and anodes for aluminum smelters. Ultra High Power (UHP) Graphite Electrodes and Premium Cathode Electrodes for Melting Scrap Metal and Recycling Steel in Electric Arc Furnace (EAF) are made from needle coke. For the production of coke in needles, the separation of the heavy fraction from the aromatic charge must be carried out in a fractionation unit. The thick fraction is then introduced into the coking unit to reach coking temperatures (3000 ° C). Operation of the oven is critical as it must “delay” the power to reach the desired temperature. This minimizes the formation of coke in the oven. Thus, the efficient extraction of the coke in needles takes place in this step which is similar to delayed coking.
Based on the type of needle coke, the market is segmented into oil and gas and derivative coal tar pitch. Needle coke is the primary heating element used in an electric arc furnace (EAF) for making steel. Waste from old cars or household appliances is melted down to form steel. The EAF steel furnace requires high quality coke for the manufacture of graphite electrodes. The steel industry’s demand for specialty cokes is increasing for UHP (Ultra High Power) EAF to produce steel. Developed economies have a huge demand for steel and aluminum due to their high consumption of automobiles, heavy equipment and machinery, airplanes, among others. Graphite cathodes are used in aluminum production and graphite electrodes are used in steel production. Thus, the graphitization of electrodes in metal production has resulted in a high demand for needle coke globally.
In terms of quality, needled coke is divided into premium basic, premium intermediate and super premium needled coke. Premium needle punched coke has the highest coefficient of thermal expansion (CTE) of less than 0.65 (10-6 / oC). The sulfur content is less than 0.6% and the hydrogen content is between 0.035 and 0.055%. Intermediate premium coke has a CTE of less than 0.5 (10-6 / oC). The xylene content is 2.12 g / cm3 and the hydrogen content is similar to the premium base type. Super premium needle coke has a sulfur content of less than 0.4%. The coefficient of thermal expansion is less than 0.4 (10-6 / oC) Max. The world’s largest needle coke makers also have super premium needle coke with a CTE as low as 0.1 (10-6 / oC) Max. On the basis of end user, the market is segmented into steel, aluminum industry, nuclear power plants and others (lithium batteries, aerospace, etc.)
WE, China and Japan are the world’s leading manufacturers of needle coke. India, Russia, Germany and the United Kingdom are the other major countries where the manufacture of needle coke and graphite electrodes is based. The world’s largest maker of needle coke is Conoco Phillips (Phillips 66). There are only 2 companies in the world that make needle coke from coal tar pitch. The two companies are Japan based. From 2021, global steel production based on EAF is expected to experience a high growth rate. This has led to a similar increase in the demand for graphite electrodes. Eventually, the increased demand for graphite electrodes is expected to trigger the demand for needle coke.
The major players present in this market are: Indian Oil Corporation (IOC), Sinopec Shanghai Petrochemical Company Ltd., Graphite India Ltd, Phillips 66, Mitsubishi Chemical Corporation and Sea-Drift Coke LP, among others.
Main topics covered:
Chapter 1 Preface
Chapter 2 Executive summary
Chapter 3 Market Overview
3.2 Market dynamics
3.2.1 Market drivers
3.2.2 Market restrictions
3.3 Impact analysis of drivers, challenges and opportunities during the forecast period
3.4 Attractive investment proposition, by geography, 2020
Chapter 4 Global Needle Coke Market, By Category
4.1.1 Global Needle Coke Market Value, by Grade, 2020 and 2025 (Share,%)
4.2 Basic premium
4.2.1 Global Needle Coke Market Volume (Kilo Ton) and Value (Million US $), by Basis Premium, 2019-2029
4.3 Intermediate premium
4.3.1 Global Needle Coke Market Volume (Kilo Ton) and Value (Million US $), by Intermediate Premium, 2019-2029
4.4 Super Premium
4.4.1 Global Needle Coke Market Volume (Kilo Ton) and Value (Million US $), by Super Premium, 2019-2029
Chapter 5 Global Needle Coke Market, by Type
5.1.1 Global Needle Coke Market Value, by Type, 2020 and 2025 (Share,%)
5.2 Petroleum derivative
5.2.1 Global Needle Coke Market Volume (Kilo Ton) and Value (Million US $), by Petroleum Derivative, 2019-2029
5.3 derivative tar pitch
5.3.1 Needle Coke Market Volume (Kilo Ton) and Value (Million US $), by Derived Coal Tar Pitch, 2019-2029
Chapter 6 Global Needle Coke Market, By End User
6.1.1 Global Needle Coke Market Volume, by End User, 2020 and 2029 (Share,%)
6.2 Steel industry
6.2.1 Global Needle Coke Market Volume (Kilo Ton) and Value (Million US $), by Steel Industry Capacity, 2019-2029
6.3 Aluminum industry
6.3.1 Global Needle Coke Market Volume (Kilo Ton) and Value (Million US $), by Aluminum Industry, 2019-2029
6.4 Nuclear energy
6.4.1 Global Needle Coke Market Volume (Kilo Ton) and Value (Million US $), by Nuclear Power, 2019-2029
6.5.1 Global Needle Coke Market Volume (Kilo Ton) and Value (Million US $), by Others, 2019-2029
Chapter 7 Global Needle Coke Market, By Geography
Chapter 8 Company Profiles
8.1 Indian Petroleum Company (IOC)
8.2 Phillips 66
8.3 Mitsubishi Chemicals Corporation
8.4 Royal Dutch Shell Plc
8.5 SeaDrift Coke LP
8.6 C-Chem Co. Ltd.
8.7 Boatailong New Co. Ltd.
8.8 Graphite India Ltd.
8.9 HEG SA
8.10 Petroleum Coke Industries Co. Ltd.
8.11 Tokai Carbon
8.12 Nippon Carbon
8.13 Sinopec Shanghai Petrochemical Ltd.
8.14 JXTG Holdings
For more information on this report, visit https://www.researchandmarkets.com/r/tninpz
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