Needle Coke

by BIS RSRCH Trending Technology News

Focus on Applications (Graphite Electrodes, Lithium-Ion Battery Anode, and Special Carbon Products), Regional

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Market Dynamics
Industry Analysis
Global Needle Coke Market (by Type), $Million and Kilotons, 2017-2024
Global Needle Coke Market (by Application), $Million and Kilotons, 2017-2024
Global Needle Coke Market (by Region), $Million and Kilotons, 2017-2024

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Review on Needle Coke

Needle coke is an excellent and promising raw material that holds a strong potential to change the dynamics of the steel and automotive industry. The fates of these two industries are intertwined with the needle coke industry driven by lithium-ion batteries and graphite electrodes. The demand for needle coke is rising with the rise in demand for electric vehicles and steel in the end-use industries. The steel industry is continuously growing at a steady rate and thus driving the demand for needle coke in the steel industry.

With the growing environmental concerns, the automotive industry is experiencing a considerable shift toward the adoption of electric vehicles in the world. The EV manufacturers are opting for lithium-ion batteries for achieving better performance ratios. The lithium-ion battery manufacturers are using needle coke for the production of lithium-ion battery anodes, which is driving the demand generated for needle coke in the market.

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