India Needle Coke Market Size & Outlook, 2023-2030
India needle coke market, 2018-2030 (US$M)
Related Markets
India needle coke market highlights
- The India needle coke market generated a revenue of USD 472.7 million in 2023 and is expected to reach USD 1,010.5 million by 2030.
- The India market is expected to grow at a CAGR of 11.5% 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 472.7 million |
| Market revenue in 2030 | USD 1,010.5 million |
| Growth rate | 11.5% (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, India accounted for 10.4% 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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India 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 40.7% in 2023. Horizon Databook has segmented the India needle coke market based on super-premium, premium-grade, intermediate grade covering the revenue growth of each sub-segment from 2018 to 2030.
The Indian needle coke industry has been driven by increasing demand from electric vehicles. Demand for lithium ion batteries would be high in forecasted period owing to the Transport Ministry 2030 Plan to promote electric vehicle as public transport in India.
The country’s expanding population & urbanization is likely to continue generating the need for infrastructural development. The government is focusing more on such development, in order to improve trade competitiveness.
The positive developments in regional economic conditions are likely to foster developments in the automotive sector, which in turn is conducive to graphite market growth. The segment is increasingly utilizing sustainable materials to foster fuel savings & comply with transitioning regulatory standards.
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Horizon Databook provides a detailed overview of country-level data and insights on the India needle coke market , including forecasts for subscribers. This country databook contains high-level insights into India needle coke market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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India needle coke market size, by grade, 2018-2030 (US$M)
India Needle Coke Market Outlook Share, 2023 & 2030 (US$M)
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