Japan Needle Coke Market Size & Outlook, 2023-2030
Japan needle coke market, 2018-2030 (US$M)
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Japan needle coke market highlights
- The Japan needle coke market generated a revenue of USD 185.3 million in 2023 and is expected to reach USD 346.9 million by 2030.
- The Japan market is expected to grow at a CAGR of 9.4% 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 185.3 million |
| Market revenue in 2030 | USD 346.9 million |
| Growth rate | 9.4% (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, Japan accounted for 4.1% 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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Japan 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 45.06% in 2023. Horizon Databook has segmented the Japan needle coke market based on super-premium, premium-grade, intermediate grade covering the revenue growth of each sub-segment from 2018 to 2030.
The needle coke industry in Japan is driven by expanding steel industry. The Japanese steel manufacturers have announced numerous strategic initiatives on the production of steel and joint ventures in emerging Asia Pacific markets including Indonesia, Thailand and Indonesia. This factor is would positively influence the demand over the forecast period.
Japanese construction industry is expected to witness moderate growth rate over the next seven years owing to government focus on reconstruction activities. Growing industrial sector due to subsidies and tax holidays for manufacturers is anticipated to fuel steel demand in the country.
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Horizon Databook provides a detailed overview of country-level data and insights on the Japan needle coke market , including forecasts for subscribers. This country databook contains high-level insights into Japan needle coke market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Japan needle coke market size, by grade, 2018-2030 (US$M)
Japan Needle Coke Market Outlook Share, 2023 & 2030 (US$M)
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