Needle Coke Market By Grade (Base Premium, Intermediate Premium, Super Premium), By Type (Petroleum Derived, Coal Tar Pitch Derived), By End-User (Steel Industry, Aluminum Industry, Nuclear Power) - Growth, Future Prospects & Competitive Analysis, 2017 – 2025
The premium type of petroleum coke and coal tar based coke is needle coke. Coke is a byproduct of oil refining and coal gasification process and is used as a fuel to manufacture iron, steel and anodes for aluminum smelters. Higher quality ultra-high power (UHP) graphite electrodes and cathode electrodes to melt the scrap metal for recycling steel in the electric arc furnace (EAF) are manufactured from needle coke. For the production, of needle coke the separation of heavy fraction of aromatic feedstock is required to be done in fractionation unit. The thick fraction is then fed to coker unit to attain coking temperatures (3000˚C). The furnace operation is critical since it has to ‘delay’ the feed to attain desired temperature. This minimizes the coke formation in the furnace. Thus, the effective extraction of needle coke is done in this step which is similar to delayed coking.
Based on the type of needle coke, the market is segmented into oil & gas and coal tar pitch derived. Needle coke is the major heating elements used in an electric arc furnace (EAF) for steel making. Scrap from old cars or appliances are melted to form steel. The EAF steel furnace requires high quality coke for graphite electrode manufacturing. The demand from steel industry for specialty cokes is increasing for UHP (Ultra High Power) EAF to produce steel. The developed economies have huge demand of steel and aluminum due to its high consumption in automobiles, heavy equipment and machineries, aircraft amongst others. Graphitized cathodes are used in aluminum production and graphite electrodes are used in steel production. Thus, for graphitization of electrodes in metal production has led to high demand for needle coke globally.
In terms of grade, the needle coke is bifurcated into base premium, intermediate premium and super premium needle coke. The base premium needle coke has the highest coefficient of thermal expansion (CTE) that is less than 0.65 (10-6/ºC). The sulfur content is less than 0.6% and hydrogen content is in the range of 0.035-0.055%. The intermediate premium coke has the CTE less than 0.5 (10-6/ºC). The xylene content is 2.12 g/cm3 and hydrogen content is similar to base premium type. The super-premium needle coke has sulfur content less than 0.4%. The coefficient of thermal expansion is less than 0.4 (10-6/ºC) Max. World’s biggest manufacturers of needle coke also have super premium needle cokes with CTE as low as 0.1 (10-6/ºC) Max. On the basis of end-user, the market is segmented into steel industry, aluminum industry, nuclear power plants and others (lithium batteries, aerospace, etc.)
U.S., China and Japan are the world’s top manufacturers of needle coke. India, Russia, Germany and the U.K are the other major countries where needle coke and graphite electrode manufacturing is based. The world’s largest manufacturer of needle coke is Conoco Phillips (Phillips 66). There are only 2 companies in the world which derive needle coke from coal tar pitch. Both the companies are Japan based. As of 2017, the global EAF based steel production is expected to witness high growth rate. This has led to similar rise in demand of the graphite electrodes. Eventually, the rise in graphite electrode demand is expected to trigger the demand for needle coke.
The key 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.
On the basis of grade, the global needle coke market is categorized into following segments:
- Base Premium
- Intermediate Premium
- Super Premium
The needle coke are premium types of coke that are similar to delayed coke with high graphitization. In terms of grade, the needle coke market is segmented into base premium, intermediate premium and super premium needle coke.
The base premium needle coke has the highest coefficient of thermal expansion (CTE) which is less than 0.65 (10-6/ºC). Since the CTE influences the material behavior, it is desirable that the CTE should be less than 0.5 (10-6/ºC) to be able to operate at higher temperatures. The xylene density is close to 2.11 g/cm3. The xylene density for base premium type shows that the coke has been calcined at lower temperature. The sulfur content is less than 0.6% and hydrogen content is in the range of 0.035-0.055%.
The intermediate premium coke has the CTE less than 0.5 (10-6/ºC). This coefficient makes the intermediate type operable at higher temperatures. The xylene content is 2.12 g/cm3 and hydrogen content is similar to base premium type.
The super-premium needle coke has sulfur content less than 0.4% with similar hydrogen content as of base and intermediate types. The coefficient of thermal expansion is less than 0.4 (10-6/ºC) Max and has the xylene density at 2.15 g/cm3. World’s biggest manufacturers of needle coke also have super premium needle cokes with CTE as low as 0.1 (10-6/ºC) Max. Therefore, for high grade steel and electrode production, the super-premium needle coke market was the highest globally in terms of volume in 2016. The market is expected to remain highest for the forecast period from 2017 – 2025.
On the basis of type, the global needle coke market is categorized into following segments:
- Petroleum Derived
- Coal Tar Pitch Derived
Based on type, the market is segmented into oil & gas and coal tar pitch derived. Needle coke are the major heating elements used in an electric arc furnace (EAF) for steel making. Scrap from old cars or appliances are melted to form steel. The EAF steel furnace requires high quality coke for graphite electrode manufacturing. The demand from steel industry for specialty cokes is increasing for UHP (Ultra High Power) EAF to produce steel. Globally, there is a huge demand for aluminum due to its vast consumption in automobiles, heavy equipment and machineries, aircraft amongst others. Graphitized cathodes are used in aluminum production and graphite electrodes are used in steel production. Thus, graphitization of electrodes in metal production has led to high demand for needle coke globally.
Graphite electrodes are also produced from coal tar pitch (CTP). The CTP is used as a impregnating and a binding agent to increase the strength and density of electrode. The largest consumer of CTP is the aluminum industry. It is closely followed by the graphite industry. By volume, the share of CTP in graphite electrode is more than 38% and the rest is needle coke (or calcinised pet coke – CPC).
Production of needle coke from petroleum is similar to conventional delayed coker unit. In a refinery, any stream with lowest sulfur content can be considered as a feed for needle coke production. Slurry oils from FCC (Fluid Catalytic Cracking) and derivatives of tar from cookeries are also considered for needle coke.
On the basis of end-user, the global needle coke market is categorized into following segments:
- Steel Industry
- Aluminum Industry
- Nuclear Power
- ‘Others’ (Lithium Battery, Aerospace, Electric Carbon Brush, etc.)
In the graphite electrode manufacturing needle coke is a major constituent. Needle coke accounts for almost 40% of the cost of manufacturing of graphite electrode. Needle coke is a derivative of crude oil and coal tar. Its major application is in the graphite electrode industry. The graphite electrodes in turn are used in manufacturing of steel and aluminum. Needle coke is used as consumable in the production of graphite electrode and cathode electrode. The premium coke is able to carry high current even at low voltage for manufacturing steel and other non-ferrous metals through electro arc furnace (EAF) and Laddle Furnace route.
Steel industry is the highest ranked user of needle coke for their production. Needle coke provides electrical and thermal conductivity, mechanical strength, thermal shock resistance, machinability and thermal expansion. Needle coke is also used in manufacturing of lithium ion batteries, electric cars and some intrinsic parts of mobile phones. Cathode required in smelting of aluminum is also manufactured from needle coke.
Based on geographical distribution, the global needle coke market is segmented into following regions and countries:
- North America
- U.S.
- Canada
- Europe
- Germany
- France
- U.K.
- Rest of Europe
- Asia Pacific
- China
- India
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- GCC
- Rest of Middle East & Africa
Global needle coke manufacturing is concentrated in the U.S., Japan and China, majorly. Conoco Phillips from the U.S. is the largest manufacturer/producer of needle coke. The coal tar pitch derived needle coke has only two producers in the world. Mitsubishi Chemicals and C-Chem are those two companies from Japan.
One of the major concerns for graphite electrode manufacturers and suppliers is that the availability of needle coke is limited and sometimes the waiting period is over one year. This dampens new capacity addition in graphite electrode industry. In Japan, an AGOT (Atcheson Graphite Ordinary Temperature) graphite is used as an insulator in nuclear reactors even at temperature below 1 K (kelvin). This property is useful in controlling chain reaction of uranium and thorium that are used in electricity production.
Needle coke availability is scarce in the global market and its production is controlled by 7-10 players in the U.S and Japan. There is a direct relation between needle coke processes with crude oil prices. With the fluctuation in crude oil prices, the needle coke manufacturers are approaching graphite electrode players for the revision of prices. Asia Pacific region is the largest consumer of needle coke which is followed by Middle East & Africa. China is the largest importer of needle coke.
Chapter 1 Preface
1.1 Report Description
1.1.1 Purpose of the Report
1.1.2 Target Audience
1.1.3 USP and Key Offerings
1.2 Research Scope
1.3 Research Methodology
1.3.1 Phase I – Secondary Research
1.3.2 Phase II – Primary Research
1.3.3 Top Down & Bottom Up Approach
1.3.3.1 Top-Down Approach
1.3.3.2 Bottom-Up Approach
1.3.4 Phase III – Expert Panel Review
1.3.5 Assumptions
1.4 Market Segmentation
Chapter 2 Executive Summary
2.1 Overview
2.2 Market Snapshot: Global Needle Coke Market
2.3 Global Needle Coke Market Volume, by Grade, 2016 (US$ Mn)
2.4 Global Needle Coke Market Volume, by Type, 2016 (US$ Mn)
2.5 Global Needle Coke Market Volume, by End-User, 2016 (US$ Mn)
2.6 Global Needle Coke Market Volume, by Geography, 2016 (US$ Mn)
Chapter 3 Market Overview
3.1 Introduction
3.2 Market Dynamics
3.2.1 Market Drivers
3.2.2 Market Restraints
3.2.3 Opportunities
3.3 Impact Analysis of Drivers, Challenges and Opportunities During the Forecast Period
3.4 Attractive Investment Proposition, by Geography, 2016
Chapter 4 Global Needle Coke Market, by Grade
4.1 Overview
4.1.1 Global Needle Coke Market Value, by Grade, 2016 & 2025 (Share, %)
4.2 Base Premium
4.2.1 Global Needle Coke Market Volume (kilo ton) & Value (US$ Mn), by Base Premium, 2015 – 2025
4.3 Intermediate Premium
4.3.1 Global Needle Coke Market Volume (kilo ton) & Value (US$ Mn), by Intermediate Premium, 2015 – 2025
4.4 Super Premium
4.4.1 Global Needle Coke Market Volume (kilo ton) & Value (US$ Mn), by Super Premium, 2015 – 2025
Chapter 5 Global Needle Coke Market, By Type
5.1 Overview
5.1.1 Global Needle Coke Market Value, by Type, 2016 & 2025 (Share, %)
5.2 Petroleum Derived
5.2.1 Global Needle Coke Market Volume (kilo ton) & Value (US$ Mn), By Petroleum Derived, 2015 – 2025
5.3 Coal Tar Pitch Derived
5.3.1 Needle Coke Market Volume (kilo ton) & Value (US$ Mn), By Coal Tar Pitch Derived, 2015 – 2025
Chapter 6 Global Needle Coke Market, by End-User
6.1 Overview
6.1.1 Global Needle Coke Market Volume, by End-User, 2016 & 2025 (Share, %)
6.2 Steel Industry
6.2.1 Global Needle Coke Market Volume (kilo ton) & Value (US$ Mn), by Steel Industry Capacity, 2015 – 2025
6.3 Aluminum Industry
6.3.1 Global Needle Coke Market Volume (kilo ton) & Value (US$ Mn), by Aluminum Industry, 2015 – 2025
6.4 Nuclear Power
6.4.1 Global Needle Coke Market Volume (kilo ton) & Value (US$ Mn), by Nuclear Power, 2015 – 2025
6.5 Others
6.5.1 Global Needle Coke Market Volume (kilo ton) & Value (US$ Mn), by Others, 2015 – 2025
Chapter 7 Global Needle Coke Market, by Geography
7.1 Overview
7.1.1 Global Needle Coke Market Value, by Geography, 2016 & 2025 (Share, %)
7.2 North America
7.2.1 North America Needle Coke Market Volume (kilo ton) & Value (US$ Mn), 2015 - 2025
7.2.2 North America Needle Coke Market Volume (kilo ton) & Value (US$ Mn), by Grade, 2015 - 2025
7.2.3 North America Needle Coke Market Volume (kilo ton) & Value (US$ Mn), by Type, 2015 - 2025
7.2.4 North America Needle Coke Market Volume (kilo ton) & Value (US$ Mn), by End-User, 2015 - 2025
7.2.5 North America Needle Coke Market Volume (kilo ton) & Value (US$ Mn), by Country, 2015 - 2025
7.2.5.1 U.S.
7.2.5.2 Canada
7.3 Europe
7.3.1 Europe Needle Coke Market Volume (kilo ton) & Value (US$ Mn), 2015 - 2025
7.3.2 Europe Needle Coke Market Volume (kilo ton) & Value (US$ Mn), by Grade, 2015 - 2025
7.3.3 Europe Needle Coke Market Volume (kilo ton) & Value (US$ Mn), by Type, 2015 - 2025
7.3.4 Europe Needle Coke Market Volume (kilo ton) & Value (US$ Mn), by End-User, 2015 - 2025
7.3.5 Europe Needle Coke Market Volume (kilo ton) & Value (US$ Mn), by Country, 2015 - 2025
7.3.5.1 Germany
7.3.5.2 France
7.3.5.3 U.K.
7.3.5.4 Rest of Europe
7.4 Asia Pacific
7.4.1 Asia Pacific Needle Coke Market Volume (kilo ton) & Value (US$ Mn), 2015 - 2025
7.4.2 Asia Pacific Needle Coke Market Volume (kilo ton) & Value (US$ Mn), by Grade, 2015 - 2025
7.4.3 Asia Pacific Needle Coke Market Volume (kilo ton) & Value (US$ Mn), by Type, 2015 - 2025
7.4.4 Asia Pacific Needle Coke Market Volume (kilo ton) & Value (US$ Mn), by End-User, 2015 - 2025
7.4.5 Asia Pacific Needle Coke Market Volume (kilo ton) & Value (US$ Mn), by Country, 2015 - 2025
7.4.5.1 China
7.4.5.2 India
7.4.5.4 Rest of Asia Pacific
7.5 Latin America
7.5.1 Latin America Needle Coke Market Volume (kilo ton) & Value (US$ Mn), 2015 - 2025
7.5.2 Latin America Needle Coke Market Volume (kilo ton) & Value (US$ Mn), by Grade, 2015 - 2025
7.5.3 Latin America Needle Coke Market Volume (kilo ton) & Value (US$ Mn), by Type, 2015 - 2025
7.5.4 Latin America Needle Coke Market Volume (kilo ton) & Value (US$ Mn), by End-User, 2015 - 2025
7.5.5 Latin America Needle Coke Market Volume (kilo ton) & Value (US$ Mn), by Country, 2015 - 2025
7.5.5.1 Brazil
7.5.5.2 Mexico
7.5.5.4 Rest of Latin America
7.6 Middle East & Africa
7.6.1 Middle East & Africa Needle Coke Market Volume (kilo ton) & Value (US$ Mn), 2015 - 2025
7.6.2 Middle East & Africa Needle Coke Market Volume (kilo ton) & Value (US$ Mn), by Grade, 2015 - 2025
7.6.3 Middle East & Africa Needle Coke Market Volume (kilo ton) & Value (US$ Mn), by Type, 2015 - 2025
7.6.4 Middle East & Africa Needle Coke Market Volume (kilo ton) & Value (US$ Mn), by End-User, 2015 - 2025
7.6.5 Middle East & Africa Needle Coke Market Volume (kilo ton) & Value (US$ Mn), by Region, 2015 - 2025
7.6.5.1 GCC Countries
7.6.5.2 Rest of Middle East & Africa
Chapter 8 Company Profiles
8.1 Indian Oil Corporation (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 Ltd.
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
TABLE 1 Market Snapshot: Global Needle Coke Market
TABLE 2 Impact Indicators
TABLE 3 Impact Analysis of Drivers, Challenges and Opportunities
TABLE 4 Global Needle Coke Market Volume (kilo ton) & Value (US$ Mn), by Geography, 2015-2025
TABLE 5 North America Needle Coke Market Volume (kilo ton) & Value (US$ Mn), by Grade, 2015 - 2025
TABLE 6 North America Needle Coke Market Volume (kilo ton) & Value (US$ Mn), by Type, 2015 - 2025
TABLE 7 North America Needle Coke Market Volume (kilo ton) & Value (US$ Mn), by End-User, 2015 - 2025
TABLE 8 North America Needle Coke Market Volume (kilo ton) & Value (US$ Mn), by Country, 2015 - 2025
TABLE 9 Europe Needle Coke Market Volume (kilo ton) & Value (US$ Mn), by Grade, 2015 - 2025
TABLE 10 Europe Needle Coke Market Volume (kilo ton) & Value (US$ Mn), by Type, 2015 - 2025
TABLE 11 Europe Needle Coke Market Volume (kilo ton) & Value (US$ Mn), by End-User, 2015 - 2025
TABLE 12 Europe Needle Coke Market Volume (kilo ton) & Value (US$ Mn), by Country, 2015 - 2025
TABLE 13 Asia Pacific Needle Coke Market Volume (kilo ton) & Value (US$ Mn), by Grade, 2015 - 2025
TABLE 14 Asia Pacific Needle Coke Market Volume (kilo ton) & Value (US$ Mn), by Type, 2015 - 2025
TABLE 15 Asia Pacific Needle Coke Market Volume (kilo ton) & Value (US$ Mn), by End-User, 2015 - 2025
TABLE 16 Asia Pacific Needle Coke Market Volume (kilo ton) & Value (US$ Mn), by Country, 2015 - 2025
TABLE 17 Latin America Needle Coke Market Volume (kilo ton) & Value (US$ Mn), by Grade, 2015 - 2025
TABLE 18 Latin America Needle Coke Market Volume (kilo ton) & Value (US$ Mn), by Type, 2015 - 2025
TABLE 19 Latin America Needle Coke Market Volume (kilo ton) & Value (US$ Mn), by End-User, 2015 - 2025
TABLE 20 Latin America Needle Coke Market Volume (kilo ton) & Value (US$ Mn), by Country, 2015 - 2025
TABLE 21 Middle East & Africa Needle Coke Market Volume (kilo ton) & Value (US$ Mn), by Grade, 2015 - 2025
TABLE 22 Middle East & Africa Needle Coke Market Volume (kilo ton) & Value (US$ Mn), by Type, 2015 - 2025
TABLE 23 Middle East & Africa Needle Coke Market Volume (kilo ton) & Value (US$ Mn), by End-User, 2015 - 2025
TABLE 24 Middle East & Africa Needle Coke Market Volume (kilo ton) & Value (US$ Mn), by Region, 2015 - 2025
TABLE 25 Indian Oil Corporation (IOC): Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Strategies)
TABLE 26 The Phillips 66: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Strategies)
TABLE 27 Mitsubishi Chemicals Corporation: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Strategies)
TABLE 28 Royal Dutch Shell plc: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Strategies)
TABLE 29 Sea-Drift Coke LP: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Strategies)
TABLE 30 C-Chem Co. Ltd.: Company Snapshot (Business Description; Product Portfolio; Financial Information; Recent Development/Business Strategies)
TABLE 31 Boatailong New Co. Ltd.: Company Snapshot (Business Description; Product Portfolio; Financial Information; Recent Developments/Business Strategies)
TABLE 32 Graphite India Ltd.: Company Snapshot (Business Description; Product Portfolio; Financial Information; Recent Developments/Business Strategies)
TABLE 33 HEG: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Strategies)
TABLE 34 Petroleum Coke Industries Co. Ltd.: Company Snapshot (Business Description; Product Portfolio; Financial Information; Recent Development/Business Strategies)
TABLE 35 Tokai Carbon : Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Strategies)
TABLE 36 Nippon Carbon: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Strategies)
TABLE 37 Sinopec Shanghai Petrochemical Company Ltd.: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Strategies)
TABLE 38 JXTG Holdings, Inc.: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Strategies)
FIG. 1 Global Needle Coke Market: Research Methodology
FIG. 2 Global Needle Coke Market Segmentation
FIG. 3 Global Needle Coke Market Volume, by Grade, 2016 (US$ Mn)
FIG. 4 Global Needle Coke Market Volume, by Type, 2016 (US$ Mn)
FIG. 5 Global Needle Coke Market Volume, by End-User, 2016 (US$ Mn)
FIG. 6 Global Needle Coke Market Volume, by Geography, 2016 (US$ Mn)
FIG. 7 Attractive Investment Proposition, by Geography, 2016
FIG. 8 Global Needle Coke Market Value, by Grade, 2016 & 2025 (Share, %)
FIG. 9 Global Needle Coke Market Volume (kilo ton) & Value (US$ Mn), by Base Premium, 2015 – 2025
FIG. 10 Global Needle Coke Market Volume (kilo ton) & Value (US$ Mn), by Intermediate Premium, 2015 – 2025
FIG. 11 Global Needle Coke Market Volume (kilo ton) & Value (US$ Mn), by Super Premium, 2015 – 2025
FIG. 12 Global Needle Coke Market Value, by Type, 2016 & 2025 (Share, %)
FIG. 13 Global Needle Coke Market Volume (kilo ton) & Value (US$ Mn), By Petroleum Derived, 2015 – 2025
FIG. 14 Global Needle Coke Market Volume (kilo ton) & Value (US$ Mn), By Coal Tar Pitch Derived, 2015 – 2025
FIG. 15 Global Needle Coke Market Value, by End-User, 2016 & 2025 (Share, %)
FIG. 16 Global Needle Coke Market Volume (kilo ton) & Value (US$ Mn), by Steel Industry, 2015 – 2025
FIG. 17 Global Needle Coke Market Volume (kilo ton) & Value (US$ Mn), by Aluminum Industry, 2015 – 2025
FIG. 18 Global Needle Coke Market Volume (kilo ton) & Value (US$ Mn), by Nuclear Power, 2015 – 2025
FIG. 19 Global Needle Coke Market Volume (kilo ton) & Value (US$ Mn), by Others, 2015 – 2025
FIG. 20 Global Needle Coke Market Volume Share (%), by Geography, 2016 & 2025
FIG. 21 Number of Refineries and Their Percentage Capacity in EU, 2017
FIG. 22 Europe Needle Coke Market Volume (kilo ton) & Value (US$ Mn), 2015 - 2025
FIG. 23 Asia-Pacific Refining Capacity and Announced Expansions (million b/d)
FIG. 24 Asia Pacific Needle Coke Market Volume (kilo ton) & Value (US$ Mn), 2015 - 2025
FIG. 25 Latin America Needle Coke Market Volume (kilo ton) & Value (US$ Mn), 2015 - 2025
FIG. 26 Middle East & Africa Needle Coke Market Volume (kilo ton) & Value (US$ Mn), 2015 - 2025
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