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1618444

針狀焦的全球市場規模：按類型、等級、應用、地區、範圍和預測

Global Needle Coke Market Size By Type, By Grade, By Application, By Geographic Scope And Forecast

出版日期: 2024年09月06日 | 出版商:

Verified Market Research | 英文 202 Pages | 商品交期: 2-3個工作天內

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簡介目錄

針狀焦市場規模及預測

2024年針狀焦市場規模為3.5567億美元，預計2024年至2031年複合年增長率為3.68%，預計到2031年將達到4.7491億美元。針狀焦是主要來自石油或煤焦油的高級碳材料。它具有針狀結構，這對於各種高溫應用的性能非常重要。針狀焦的生產涉及熱解和熔煉的複雜過程。這通常包括原料的延遲焦化、揮發性組分的去除以及脫羧以提高碳含量和結構性能。針狀焦具有熱膨脹係數低、導電率高、純度高、熱穩定性優良等特性。這些特性使其成為生產煉鋼電弧爐所用石墨電極的重要材料。

針狀焦主要有兩種：石油基和煤焦油基。石油基針狀焦是由石油精煉過程中的重油餾分生產的，而煤焦油基針狀焦是透過煤焦油的蒸餾獲得的，煤焦油是煉鋼焦炭生產的另一種產品。

針狀焦的主要用途是生產鋼廠電弧爐的石墨電極。由於其優異的性能，也用於鋰離子電池、核反應器等高溫、高應力環境的生產。

對針狀焦的需求是由鋼鐵產量增加、電弧爐採用增加以及電動汽車和消費電子產品中鋰離子電池需求增加所推動的。向更綠色、更有效率的煉鋼製程的轉變進一步推動了市場的發展。

針狀焦生產是資本密集的，需要特定的原材料質量，這限制了供應。環境法規和合適原料的供應也是課題。此外，石油價格的波動和替代材料的進步可能會影響針狀焦市場動態。

世界針狀焦市場動態

塑造全球針狀焦市場的主要市場動態

主要市場驅動因子

對鋰離子電池的需求不斷增加：

由於電動車 (EV) 的普及和對能源儲存方案的需求不斷增長，針狀焦是鋰離子電池生產的重要原料，需求量很大。

不斷發展的鋼鐵工業：

鋼鐵生產中使用的電弧爐所需的石墨電極大部分由針狀焦製成。針狀焦的需求受到鋼鐵業擴張的推動，特別是在新興市場。

科技發展與進步：

技術發展和進步：針狀焦因其獨特的品質和對高溫應用的適用性而推動著需求，特別是在鋼鐵和鋁業的工業過程中。

市場對特種石墨產品的需求不斷成長：

用於核電、飛機零件和高性能運動器材的石墨只是使用針狀焦製造的產品的幾個例子。由於這些特種產品的需求不斷增加，針狀焦市場正在擴大。

加強環境法規：

世界各國政府正在加強環境法規，以減少鋼鐵和鋁等產業的排放。因此，生產商正在引進更環保和高效的生產技術，並經常使用優質針狀焦。

投資再生能源基礎設施

全球對太陽能和風能等再生能源的推動推動了風力渦輪機葉片和其他再生能源基礎設施零件製造中對針狀焦的需求，預計這將進一步推動市場擴張。

增加研發活動：

正在進行研發工作，透過提高針狀焦的性能和降低製造成整體提高產品品質和製造流程，從而為市場擴張做出貢獻。

主要問題

製造成本高：

針狀焦的生產需要幾個複雜且能源密集的步驟，這增加了生產成本。這可能是市場擴張的主要障礙，特別是對於中小型生產商來說，他們可能會發現很難與更成熟的公司競爭。

原料可用性限制：

針狀焦的主要原料是石油原料，如煤焦油瀝青、潷油等，較為稀有。這些原料的成本和可用性的變化可能會限制針狀焦生產並阻礙產業擴張。

嚴格的環境法規：

在某些情況下，環境法規可能會增加對針狀焦的需求，但製造商可能會因合規義務而面臨困難。滿足環境標準可能需要投資污染控制系統或改變生產工藝，從而增加營運成本。

最終用途產業波動性：

針狀焦市場與鋼鐵、鋁和鋰離子電池等市場和經濟衰退敏感產業密切相關。由於最終用途行業的不確定性，針狀焦的需求可能會波動，這可能會為市場穩定和擴張帶來問題。

用替代材質替換：

在某些應用中，替代材料和技術可能會與針狀焦競爭。例如，人造石墨可以在某些應用中取代針狀焦。此外，電池技術的改進可能會減少對石墨電極的需求，進而影響針狀焦市場。

貿易壁壘與關稅：

貿易爭端和徵收關稅可能會擾亂全球針狀焦供應鏈，導致生產商和消費者短缺和更高的成本。貿易限制還可能阻止針狀焦生產商擴大業務並限制市場准入。

健康與安全問題：

由於暴露於高溫和危險化學品，針狀焦的處理和生產會帶來職業健康和安全風險。嚴格遵守安全法並採取適當的安全預防措施是必要的，但這也會導致生產成本增加。

主要趨勢：

鋼鐵和電池產業的需求不斷增加：

針狀焦市場的主要推動因素是鋼鐵和電池產業需求的成長。針狀焦是石墨電極的重要原料，石墨電極是電爐煉鋼（EAF）和鋰離子電池製造所必需的。

對石油衍生針狀焦的偏好改變：

與煤瀝青衍生的針狀焦相比，石油衍生的針狀焦具有卓越的品質和一致性，因此預計將有更高的成長。此外，一座專門生產石油針狀焦的獨立工廠正在建設中，以確保更可靠的供應。

人們對環境永續性的興趣日益濃厚：

環境法規正在迫使鋼鐵製造商尋求清潔生產方法。高品質針狀焦可提高鋼鐵生產效率並減少整體碳足跡。

向新興經濟體進行地域擴張：

中國、印度和東南亞等國家對鋼鐵和電池生產的需求不斷增長，預計將推動這些地區的針狀焦市場。

針狀焦生產的技術進步：

製造商不斷創新，改良針狀焦生產流程。這包括優化精煉技術和探索針狀焦生產的替代原料。

針狀焦市場整合：

隨著大公司收購小公司以擴大其生產能力和地理範圍，市場正在經歷整合。

原物料價格變動：

受原油等原料價格波動影響，針狀焦價格可能不穩定。這可能會影響鋼鐵和電池製造商的獲利能力。

加強品質與安全法規：

隨著對高品質針狀焦的需求增加，有關生產過程中的品質控制和工人安全的法規變得越來越嚴格。這會影響生產成本並影響利潤率。

Needle Coke Market size was valued at USD 355.67 Million in 2024 and is projected to reach USD 474.91 Million by 2031 , growing at a CAGR of 3.68 % from 2024 to 2031. Needle coke is a high-grade carbon material derived primarily from petroleum or coal tar. It is distinguished by its needle-like structure, which is critical for its performance in various high-temperature applications. The production of needle coke involves a complex process of thermal decomposition and refining. This typically includes delayed coking of feedstocks, followed by calcination to remove volatile components, and enhance its carbon content and structural properties. Needle coke is characterized by its low coefficient of thermal expansion, high electrical conductivity, high purity, and excellent thermal stability. These properties make it an essential material in the production of graphite electrodes used in electric arc furnaces for steelmaking.

There are two primary types of needle coke: petroleum-based and coal-tar-based. Petroleum-based needle coke is produced from heavy oil fractions in the oil refining process, while coal-tar-based needle coke is derived from the distillation of coal tar, a byproduct of coke production in steelmaking.

The primary application of needle coke is in the manufacture of graphite electrodes for electric arc furnaces in steel mills. It is also used in the production of lithium-ion batteries, nuclear reactors, and other high-temperature and high-stress environments due to its superior properties.

The demand for needle coke is driven by the growing steel production, the increasing adoption of electric arc furnaces, and the rising demand for lithium-ion batteries in electric vehicles and consumer electronics. The shift towards greener and more efficient steelmaking processes further boosts its market.

The production of needle coke is capital-intensive and requires specific feedstock quality, which limits its supply. Environmental regulations and the availability of suitable raw materials also pose challenges. Additionally, fluctuations in oil prices and advancements in alternative materials can impact the needle coke market dynamics.

Global Needle Coke Market Dynamics

The key market dynamics that are shaping the global needle coke market include:

Key Market Drivers

Growing Industry Demand for Lithium-Ion Batteries:

Needle coke, an essential ingredient in the creation of lithium-ion batteries, is in high demand because to the growing popularity of electric vehicles (EVs) and the growing need for energy storage options.

Growing Steel Industry:

Graphite electrodes, which are necessary for electric arc furnaces used to produce steel, are made largely from needle coke. Needle coke demand is being driven by the expansion of the steel industry, especially in emerging markets.\

Technological developments and advances:

in industrial processes, particularly in the steel and aluminium sectors, are driving up demand for needle coke because of its distinctive qualities and fit for high-temperature applications.

Growing Market Need for Specialty Graphite goods:

nuclear graphite, aircraft parts, and high-performance sports gear are just a few of the goods made using needle coke. The Needle Coke Market is expanding due to the rising demand for these specialized items.

Stronger environmental rules:

To reduce emissions from industries like steel and aluminum, governments around the world are enforcing stronger environmental rules. Because of this, producers are implementing more eco-friendly and productive production techniques, which frequently call for premium needle coke.

Investments in Renewable Energy Infrastructure:

The demand for needle coke in the manufacture of wind turbine blades and other renewable energy infrastructure components is being driven by the worldwide push towards renewable energy sources like solar and wind power, which is further propelling the market expansion.

Increasing Research and Development Activities:

By boosting needle coke's performance features and lowering production costs, ongoing research and development initiatives aimed at improving the product's qualities and manufacturing procedures are helping to expand the market.

Key Challenges:

High Production Costs:

Making needle coke requires several intricate and energy-intensive procedures, which raises the cost of production. This can significantly impede market expansion, especially for small and medium-sized producers who could find it difficult to compete with more established firms.

Restricted Accessibility of Raw Materials:

The main source of needle coke is petroleum feedstocks, which are scarce and include coal tar pitch and decant oil. Changes in the cost and availability of these raw materials may limit needle coke production and impede the expansion of the industry.

Tight Environmental rules:

In some cases, environmental rules may increase the demand for needle coke, but because of the compliance requirements, manufacturers may face difficulties. Investing in pollution control systems or altering production processes may be necessary to meet environmental standards, which will raise operating expenses.

End-Use Industry Volatility:

The Needle Coke Market is strongly related to sectors that are vulnerable to market and economic downturns, including steel, aluminum, and lithium-ion batteries. The demand for needle coke may fluctuate due to uncertainties in the end-use industries, which could provide problems for the stability and expansion of the market.

Substitution by Alternative Materials:

Alternative materials or technologies may compete with needle coke in some applications. For instance, in some applications, synthetic graphite can replace needle coke. Moreover, improvements in battery technology may lessen the requirement for graphite electrodes, which would affect the market for needle coke.

Trade Barriers and Tariffs:

Trade disputes and tariff impositions have the potential to cause disruptions in the global needle coke supply chain, resulting in shortages or higher costs for producers and consumers. Trade restrictions can also prevent producers of needle coke from expanding their business and restrict their access to markets.

Health and Safety Concerns:

The handling and production of needle coke present risks to occupational health and safety because of high temperatures and exposure to dangerous chemicals. Strict adherence to safety laws and the application of appropriate safety precautions are necessary, but they can also raise manufacturing expenses.

Key Trends:

Rising Demand from Steel and Battery Industries:

The primary driver of the needle coke market is the increasing demand from the steel and battery industries. Needle coke is a crucial raw material for graphite electrodes, essential for electric arc furnace (EAF) steel production and lithium-ion battery manufacturing.

Shifting Preference Towards Petroleum-Derived Needle Coke:

Petroleum-derived needle coke is expected to see higher growth due to its superior quality and consistency compared to coal tar pitch-derived needle coke. Additionally, dedicated standalone plants for petroleum needle coke production are being built, ensuring a more reliable supply.

Growing Focus on Environmental Sustainability:

Environmental regulations are prompting steel manufacturers to look for cleaner production methods. High-quality needle coke allows for more efficient steel production, reducing the overall carbon footprint.

Geographical Expansion into Developing Economies:

The increasing demand for steel and battery production in countries like China, India, and Southeast Asia is expected to propel the needle coke market in these regions.

Technological Advancements in Needle Coke Production:

Manufacturers are constantly innovating to improve needle coke production processes. This includes optimizing refining techniques and exploring alternative feedstocks for needle coke production.

Consolidation in the Needle Coke Market:

The market is witnessing consolidation as larger players acquire smaller companies to expand their production capacity and geographical reach.

Fluctuating Prices of Raw Materials:

The price of needle coke can be volatile due to fluctuations in the prices of crude oil and other raw materials. This can impact the profitability of steel and battery manufacturers.

Stricter Regulations on Quality and Safety:

As the demand for high-quality needle coke grows, regulations on quality control and worker safety during production are becoming stricter. This can influence production costs and impact profit margins.

Global Needle Coke Market Regional Analysis

Here is a more detailed regional analysis of the global needle coke market:

North America

North America is significantly dominating the needle coke market and is expected to continue its growth throughout the forecast period, owing to several variables.

North America, notably the United States, has a long-standing steel production business that mainly relies on electric arc furnaces. This creates a substantial demand for needle coke, which is required for graphite electrodes used in EAFs.

The region has made significant advances in industrial techniques and materials science, including the creation and refinement of high-quality needle coke. This technological advantage helps North America maintain its market supremacy.

North America is home to some of the world's largest needle coke producers, including Phillips 66 and Seadrift Coke LP. These companies have large production capacities and a lengthy history of innovation in their fields.

The needle coke market's growth and durability are supported by North America's economic stability and industrial capacity. This includes a strong infrastructure and a suitable business climate.

Lithium-ion batteries for electric vehicles (EVs), which use high-purity needle coke in battery anodes, are experiencing an increase in demand. This diversification contributes to market stability and growth.

The regulatory environment in North America is favorable to the growth of the needle coke market, with precise norms and regulations that ensure product quality and environmental compliance.

Research and Development: Significant investment in R&D by both corporate and public organizations aids in the development of new applications and the efficiency of needle coke production. This continual innovation keeps North America at the top of the market.

North America's well-developed logistics and supply chain infrastructure guarantees that needle coke is distributed and exported efficiently, adding to its market supremacy.

Asia Pacific

Asia Pacific is anticipated to be the fastest-growing region in the needle coke market. The Asia Pacific region is undergoing rapid industrialization, particularly in China and India. This industrial growth increases demand for steel production, which raises the need for needle coke in EAFs.

Asia Pacific is seeing a surge in the use of more ecologically friendly steel production processes, such as EAFs. This move considerably increases the demand for graphite electrodes, and thus needle coke.

Asia Pacific is a major hub for electric car manufacture, particularly in China. The growing production of EVs pushes up demand for lithium-ion batteries, which use needle coke in the anodes, adding to market expansion.

Large-scale infrastructural projects in India, Indonesia, and Vietnam are increasing steel consumption, driving demand for needle coke. Government attempts to upgrade infrastructure are a significant growth factor.

New companies in the needle coke market are emerging in Asia Pacific, owing to rising local demand and investments in production facilities. This regional production helps meet expanding demand while reducing reliance on imports.

The region's governments are promoting industrial growth through favorable policies and investments in high-technology manufacturing. Policies that promote green technologies also help to increase the adoption of EAFs and related markets.

Many Asia Pacific countries experience rapid economic growth, which boosts total industrial output and consumption. This economic dynamism helps to the rapid expansion of the needle coke market.

In Asia Pacific, both the commercial and public sectors are investing in the development of sophisticated materials, such as needle coke, to support a wide range of high-tech applications.

Global Needle Coke Market Segmentation Analysis

The Global Needle Coke Market is segmented based on Type, Grade, Application, And Geography.

Needle Coke Market, By Type

Petroleum-Based Needle Coke
Coal-Based Needle Coke

Based on Type, the Needle Coke Market is bifurcated into Petroleum-Based Needle Coke and Coal-Based Needle Coke. Petroleum-based needle coke dominates the needle coke market due to its excellent quality and consistency, which are required for the production of high-performance graphite electrodes for electric arc furnaces. This form of needle coke is recommended because it contains less impurities and has higher structural integrity, which improves electrode efficiency and lifespan. Furthermore, advances in refining technologies have made petroleum-based needle coke more cost-effective to produce, reinforcing its market dominance. The rise in electric car production, which uses petroleum-based needle coke in battery anodes, is also driving up demand for the material.

Needle Coke Market, By Grade

Intermediate Grade Needle Coke
Premium Grade Needle Coke

Based on Grade, the Needle Coke Market is bifurcated into Intermediate Grade Needle Coke and Premium Grade Needle Coke. Premium grade needle coke dominates the needle coke market because of its higher quality and performance characteristics, which are required for high-end applications such as the manufacture of ultra-high power (UHP) graphite electrodes. These electrodes are critical for electric arc furnaces in steelmaking, which require materials of extraordinary purity, low coefficient of thermal expansion, and high electrical conductivity, all of which are delivered by premium quality needle coke. Premium grade needle coke's strict quality requirements and technical specifications make it the ideal choice for enterprises seeking maximum performance and efficiency. Furthermore, increased demand for electric vehicles that require premium grade needle coke in battery anodes contributes to its market domination.

Needle Coke Market, By Application

Graphite Electrodes
Lithium-Ion Batteries
Specialty Graphite Products

Based on Application, the Needle Coke Market is bifurcated into Graphite Electrodes, Lithium-Ion Batteries, and Specialty Graphite Products. The graphite electrodes sector leads the needle coke market because of its importance in electric arc furnaces (EAFs) used in steel manufacturing. Needle coke is necessary for generating these electrodes due to its high purity, low thermal expansion coefficient, and superior conductivity, all of which are required for efficient steelmaking. The global steel industry's transition to more ecologically friendly EAFs, which rely primarily on high-quality graphite electrodes, increases demand for needle coke. Furthermore, the continual demand for steel across many industries provides a steady supply of graphite electrodes, cementing their supremacy in the needle coke market.

Needle Coke Market, By Geography

North America
Europe
Asia Pacific
Rest of the world

Based on Geography, the Global Needle Coke Market is classified into North America, Europe, Asia Pacific, and the Rest of the world. North America is significantly dominating the needle coke market and is expected to continue its growth throughout the forecast period, owing to several variables. North America, notably the United States, has a long-standing steel production business that mainly relies on electric arc furnaces. This creates a substantial demand for needle coke, which is required for graphite electrodes used in EAFs. The region has made significant advances in industrial techniques and materials science, including the creation and refinement of high-quality needle coke. This technological advantage helps North America maintain its market supremacy.

Key Players

The "Global Needle Coke Market" study report will provide valuable insight emphasizing the global market. The major players in the market are
Mitsubishi Chemical Holding Corporation, Phillips 66, JXTG Holdings Inc., C-Chem Co. Ltd., Baowu Steel Group Corporation Limited, Sinopec Shanghai Petrochemical Company Limited, Indian Oil Corporation Limited, Shanxi Hongte Coal Chemical Industry Co. Ltd., Seadrift Coke LP, Sumitomo Chemical Co. Ltd.

Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

Global Needle Coke Market Key Developments

In February 2024, Mitsubishi Chemical announced an expansion of its needle coke production facility in Japan to meet the growing demand for high-quality graphite electrodes in electric arc furnaces.
In April 2024, Phillips 66 announced a new high-purity petroleum-based needle coke product aimed at enhancing the performance and lifespan of graphite electrodes used in the steelmaking industry.
In March 2024, JXTG Holdings (now ENEOS Holdings) announced advanced refining techniques to improve the quality and yield of their petroleum-based needle coke, targeting the growing electric vehicle battery market.
In January 2024, C-Chem Co. Ltd. completed the commissioning of a new needle coke production line in China, significantly increasing its capacity to supply both domestic and international markets.