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2024-2032 年按类型、等级、应用、最终用途行业和地区分類的针状焦市场报告Needle Coke Market Report by Type, Grade, Application, End Use Industry, and Region 2024-2032 |
2023年全球针状焦IMARC Group规模达42亿美元。锂离子电池高性能材料的需求不断增长、钢铁产量不断扩大、技术不断进步、电动车(EV)采用率不断上升以及非常规石油和天然气资源的勘探是影响市场成长的一些关键因素。
推动全球针状焦市场的主要因素之一是锂离子电池需求的飙升。针状焦是生产锂离子电池阳极的重要原料,广泛应用于电动车、消费性电子产品和储能係统。随着世界向更永续和生态友善的能源格局过渡,对电动车的需求激增。因此,这导致对高性能锂离子电池的需求增加,这反过来又增加了对针状焦的需求。此外,针状焦的独特性能,如高导热性和抗热衝击性,使其成为製造高品质负极的理想选择,从而提高锂离子电池的整体效率和性能,推动了市场的成长。
不断发展的钢铁工业和超高压石墨电极的重要性
钢铁业的强劲成长促进了市场的成长,因为针状焦是生产超高功率 (UHP) 石墨电极的关键成分,在钢铁生产的电弧炉中广泛应用。针状焦独特的物理和化学性能,如低热膨胀係数和高导电率,使其成为製造超高压石墨电极不可或缺的材料。因此,在新兴经济体城市化、基础设施发展和工业化的推动下,钢铁业的扩张显着增加了对超高压石墨电极的需求,从而支撑了针状焦市场的成长。
石油和天然气产业的进步
石油和天然气产业在生产用于原油精炼的高品质石墨电极的针状焦市场中发挥着举足轻重的作用。针状焦能够承受极端温度和恶劣的化学环境,这使其成为生产炼油过程中使用的石墨电极的重要材料。因此,石油和天然气工业的蓬勃发展刺激了对针状焦的需求。除此之外,页岩油和天然气等非常规油气资源的勘探和开采不断增加,增加了业界各种应用对针状焦的需求。
扩大航空航太和汽车产业
针状焦在特殊碳材料(包括碳纤维和复合材料)生产中的使用越来越多,这些材料在航空航天和汽车工业中得到广泛应用,这是另一个重要的成长诱导因素。这些材料有助于车辆和飞机的轻量化,从而提高燃油效率和整体性能。同时,在技术创新、航空旅行的增加以及消费者对先进和节能车辆的需求不断增长的推动下,航空航太和汽车行业的强劲增长为市场扩张提供了利润丰厚的机会。除此之外,製造商越来越关注满足严格的环境法规和提高产品的能源效率,这正在推动市场向前发展。
The global needle coke market size reached US$ 4.2 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 6.6 Billion by 2032, exhibiting a growth rate (CAGR) of 4.8% during 2024-2032. The increasing demand for high-performance materials in lithium-ion batteries, expanding steel production, ongoing technological advancements, rising electric vehicle (EV) adoption, and the exploration of unconventional oil and gas resources are some of the key factors influencing market growth.
One of the primary factors propelling the global needle coke market is the soaring demand for lithium-ion batteries. Needle coke is a crucial raw material in the production of anodes for lithium-ion batteries, which are widely used in EVs, consumer electronics, and energy storage systems. As the world transitions towards a more sustainable and eco-friendly energy landscape, there is a surging demand for EVs. Consequently, this has led to an increased need for high-performance lithium-ion batteries, which, in turn, is bolstering the demand for needle coke. Furthermore, the unique properties of needle coke, such as high thermal conductivity and resistance to thermal shock, making it an ideal choice for manufacturing high-quality anodes that enhance the overall efficiency and performance of lithium-ion batteries is impelling the market growth.
Growing steel industry and the importance of UHP graphite electrodes
The robust growth of the steel industry is contributing to the market growth, as needle coke is a key ingredient in the production of ultra-high-power (UHP) graphite electrodes, which find extensive application in electric arc furnaces for steel production. Needle coke's unique physical and chemical properties, such as low coefficient of thermal expansion and high electrical conductivity, make it an indispensable material for the manufacturing of UHP graphite electrodes. As a result, the steel industry's expansion, driven by urbanization, infrastructure development, and industrialization in emerging economies, has significantly increased the demand for UHP graphite electrodes, thereby bolstering the growth of the needle coke market.
Advancements in the oil and gas sector
The oil and gas sector plays a pivotal role in the needle coke market for the production of high-quality graphite electrodes used in the refining of crude oil. Needle coke's ability to withstand extreme temperatures and harsh chemical environments makes it an essential material for the production of graphite electrodes used in oil refining processes. Consequently, the flourishing expansion of the oil and gas industry is fueling the demand for needle coke. Apart from this, the increasing exploration and extraction of unconventional oil and gas resources, such as shale oil and gas, are heightening the demand for needle coke in various applications within the industry.
Expanding aerospace and automotive sectors
The increasing use of needle coke in the production of specialty carbon materials, including carbon fibers and composites, which find extensive applications in the aerospace and automotive industries is acting as another significant growth-inducing factor. These materials contribute to the lightweight of vehicles and aircraft, thereby enhancing fuel efficiency and overall performance. Concurrent with this, the bolstering growth of the aerospace and automotive sectors, driven by technological innovations, increasing air travel, and rising consumer demand for advanced and fuel-efficient vehicles are presenting lucrative opportunities for market expansion. Apart from this, the rising focus on meeting stringent environmental regulations among manufacturers and improving the energy efficiency of their products is propelling the market forward.
IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the global, regional, and country levels for 2024-2032. Our report has categorized the market based on type, grade, application and end use industry.
Petroleum derived accounts for the majority of the market share
The report has provided a detailed breakup and analysis of the market based on the type. This includes coal-tar pitch-derived and petroleum-derived. According to the report, petroleum derived represented the largest segment.
The escalating need for high-performance electrodes in electric arc furnaces for steel production is mainly driving the demand for petroleum-derived needle coke. As the steel industry witnesses robust growth, particularly in emerging economies undergoing rapid industrialization, there is a rising demand for ultra-high-power (UHP) graphite electrodes derived from petroleum needle coke which is bolstering the market growth. In confluence with this, significant advancements in steel manufacturing technologies and the increasing preference for more efficient and sustainable production processes in the steel industry are supporting the market growth.
Moreover, the growing demand for coal-tar pitch-derived needle coke is primarily fueled by its crucial role in the production of high-quality graphite electrodes for use in electric arc furnaces. As the steel industry expands, the need for needle coke derived from coal-tar pitch increases, driven by its unique characteristics, including high density, low impurity levels, and favorable electrical conductivity.
Super premium holds the largest share in the industry
A detailed breakup and analysis of the market based on the grade have also been provided in the report. This includes intermediate, premium, and super premium. According to the report, super premium accounted for the largest market share.
The increasing use of super premium grade needle coke in the production of ultra-high-power (UHP) graphite electrodes, specifically in applications requiring high thermal conductivity and structural integrity is aiding in market expansion. Industries such as aerospace, automotive, and oil refining, where stringent performance requirements are essential, are increasingly relying on super-premium grade needle coke to manufacture advanced carbon materials, thereby impelling the market growth. Besides this, ongoing technological advancements in these sectors spurring the demand for high-performance materials that can withstand extreme conditions and provide superior conductivity is propelling the preference for super premium grade needle coke to meet the evolving needs of these demanding applications.
The rising demand for intermediate and premium-grade needle coke is propelled by their versatility and suitability for various applications in steel, lithium-ion batteries, and other industries. These grades of needle coke find applications in the production of graphite electrodes for electric arc furnaces and anodes for lithium-ion batteries. Industries seeking a balance between cost-effectiveness and high-performance characteristics often prefer intermediate and premium-grade needle coke.
Graphite electrodes represent the leading market segment
The report has provided a detailed breakup and analysis of the market based on the application. This includes graphite electrodes, silicon metal and ferroalloys, lithium-ion battery, carbon black, rubber compounds, and others. According to the report, graphite electrodes represented the largest segment.
The needle coke's exceptional physical and electrical properties make it an indispensable material for manufacturing high-quality graphite electrodes, which play a vital role in the steelmaking process by providing the necessary electrical conductivity and resistance to extreme temperatures, thereby contributing to the efficiency and sustainability of steel production methods. As a result, the increasing global production of steel through electric arc furnaces (EAFs) is propelling the market growth.
Apart from its extensive application in graphite electrodes, needle coke finds a wide range of usage across the silicon metal and ferroalloys sector for the production of electrodes used in the smelting process. Apart from this, the widespread product utilization in the lithium-ion battery industry in anode production is acting as another crucial factor influencing the market growth. Furthermore, needle coke is integral to the manufacturing of carbon black, widely used in tire production, and rubber compounds, which is further providing an impetus to the market growth.
A detailed breakup and analysis of the market based on the end use industry have also been provided in the report. This includes aluminum and steel, automotive, semiconductor, and others.
The increasing demand for needle coke across the aluminum and steel industry, in the production of high-quality graphite electrodes used in electric arc furnaces, contributing to efficient metal smelting is bolstering the market growth. In addition to this, the automotive sector's increasing utilization of needle coke for the manufacturing of lithium-ion batteries, essential for EVs is presenting lucrative opportunities for market expansion. Moreover, the growing use of needle coke across the semiconductor industry in the production of silicon metal, a key component in semiconductor manufacturing processes is impelling the market growth. Besides this, needle coke's role in aerospace and oil refining, where its unique properties are harnessed for advanced materials is creating a favorable outlook for market expansion.
Asia Pacific leads the market, accounting for the largest needle coke market share
The market research report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Europe (Germany, France, the United Kingdom, Italy, Spain, and others); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, Asia Pacific accounted for the largest market share.
The Asia Pacific region's expanding steel and automotive industries, coupled with the surge in electric vehicle adoption are contributing to the growth of the needle coke market. In line with this, the rapid industrialization and infrastructure development in countries like China and India leading to an increased demand for steel, are boosting the demand for needle coke in graphite electrodes. Moreover, the expanding production of lithium-ion batteries for EVs has further heightened the demand for needle coke in the Asia Pacific region.
Concurrent with this, North America's expanding electric vehicle market and the need for high-quality graphite electrodes in steel production are fueling the market growth. Furthermore, the thriving automotive and aerospace industries of Europe, emphasizing advanced materials are aiding in market expansion. Besides this, rapid industrialization and expanding infrastructural development across Latin America and the Middle East and Africa are positively impacting the market growth.
The global needle coke market exhibits a competitive landscape characterized by key players vying for market share through strategic initiatives and technological advancements. Major industry participants are engaged in intensive R&D activities to enhance product quality and meet the evolving demands of end-use industries. These companies often focus on vertical integration, securing a stable supply chain, and forming strategic partnerships to strengthen their market position. Additionally, factors such as capacity expansions, mergers, and acquisitions play a crucial role in shaping the competitive dynamics of the needle coke market. The market's competitive nature is further accentuated by the necessity for sustainable and efficient production processes, meeting stringent environmental standards, and adapting to the dynamic demands of key sectors like lithium-ion batteries, steel, oil and gas, and aerospace.
(Please note that this is only a partial list of the key players, and the complete list is provided in the report.)