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Global Needle Coke Market Anticipated to Expand at a CAGR of more than 4.0% from 2018 to 2026
The global needle coke market is anticipated to expand at a CAGR of more than 4.0% from 2018 to 2026

BriefingWire.com, 6/14/2018 - An insightful study, titled “Needle Coke Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 – 2026” has been freshly broadcasted to the vast research repository of Market Research Reports Search Engine (MRRSE). This 350 page research study provides detailed comprehensions and forecasts future growth of the global market with an in-depth study of the factors impacting revenue growth throughout the mentioned forecast period. Further, a deep analysis on the major players from diverse regions is also present in the report

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Needle coke is a highly crystalline coke primarily used for the production of graphite electrodes for EAF steel. Fluid catalytic cracking (FCC) decant oil is used as a starting material in the production of petroleum derived needle coke. It contains about 0.02% to 0.04% by weight of ash.  FCC catalyst increases the thermal expansion characteristics of a resulting electrode, thereby necessitating the removal of the catalyst for the production of low CTE graphite electrodes from petroleum needle coke. Coal tar is obtained as a byproduct during the coking process of low ash metallurgical coke. Coal tar pitch is obtained through distillation, which involves the conversion of coal tar into a variety of intermediate chemicals.

In terms of value, the global needle coke market is anticipated to expand at a CAGR of more than 4.0% from 2018 to 2026 and reach US$ 5.18 Bn by 2026. The global needle coke market has been segmented based on type, grade, and application. Based on type, the global needle coke market has been bifurcated into petroleum derived and coal tar pitch derived. Demand for petroleum-based needle coke is high despite the existence of a handful of suppliers globally. China is a major producer of coal tar pitch needle coke. Based on grade, the global needle coke market has been segregated into intermediate, premium, and super premium. The super premium segment is expected to exhibit significant growth rate during the forecast period. Based on application, the global needle coke market has been classified into graphite electrode, lithium-ion batteries, and others. Needle coke is used extensively in the production of graphite electrodes. The graphite electrode segment accounted for significant share of the needle coke market in 2017. It is likely to remain a dominant segment during the forecast period. However, the lithium-ion batteries segment is anticipated to expand at a rapid pace in terms of value and volume between 2018 and 2026.

To know the latest trends and insights prevalent in this market, click the link below: www.mrrse.com/needle-coke-market

 
 
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