China Needle Coke Market Size & Outlook, 2023-2030
China needle coke market, 2018-2030 (US$M)
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China needle coke market highlights
- The China needle coke market generated a revenue of USD 1,225.2 million in 2023 and is expected to reach USD 2,474.1 million by 2030.
- The China market is expected to grow at a CAGR of 10.6% from 2024 to 2030.
- In terms of segment, super-premium was the largest revenue generating grade in 2023.
- Super-premium is the most lucrative grade segment registering the fastest growth during the forecast period.
Needle coke market data book summary
| Market revenue in 2023 | USD 1,225.2 million |
| Market revenue in 2030 | USD 2,474.1 million |
| Growth rate | 10.6% (CAGR from 2023 to 2030) |
| Largest segment | Super-premium |
| Fastest growing segment | Super-premium |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Super-premium, Premium-grade, Intermediate grade |
| Key market players worldwide | Phillips 66, Asbury Carbons, Brookfield Corp Registered Shs -A- Limited Vtg, Sumitomo Chemical Co Ltd, Mitsubishi Chemical Group Corp, Indian Oil Corporation, GrafTech International Ltd, Sojitz Corp, Nippon Chemical Industrial, BAOSTEEL |
Other key industry trends
- In terms of revenue, China accounted for 26.9% of the global needle coke market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China needle coke market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 1,010.5 million by 2030.
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Needle Coke Market Scope
Needle Coke Market Companies
| Name | Profile | # Employees | HQ | Website |
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China needle coke market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to needle coke market will help companies and investors design strategic landscapes.
Super-premium was the largest segment with a revenue share of 50.29% in 2023. Horizon Databook has segmented the China needle coke market based on super-premium, premium-grade, intermediate grade covering the revenue growth of each sub-segment from 2018 to 2030.
Despite of the economic slowdown in the Chinese economy and its lackluster performance in 2015, the region is still a lucrative market for investments as compared to Western economies. Constant infrastructural investments are expected to sustain economic growth & the automotive, aerospace and electronics sector are expected to benefit from reforms.
China accounts for over 70% share of total graphite production in the world. According to China's 12th Five-Year Plan, the government plans to have around 5.0 million battery-electric vehicles plying on the roads by 2020. This is would increase demand for graphite in the Asia-Pacific market during the forecast period, subsequently boosting needle coke demand as well.
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Horizon Databook provides a detailed overview of country-level data and insights on the China needle coke market , including forecasts for subscribers. This country databook contains high-level insights into China needle coke market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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China needle coke market size, by grade, 2018-2030 (US$M)
China Needle Coke Market Outlook Share, 2023 & 2030 (US$M)
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