Middle East & Africa Needle Coke Market Size & Outlook
Middle East & Africa needle coke market, 2018-2030 (US$M)
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MEA needle coke market highlights
- The MEA needle coke market generated a revenue of USD 295.8 million in 2023.
- The market is expected to grow at a CAGR of 9.9% 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.
MEA data book summary
| Market revenue in 2023 | USD 295.8 million |
| Market revenue in 2030 | USD 572.5 million |
| Growth rate | 9.9% (CAGR from 2023 to 2030) |
| Largest segment | Super-premium |
| Fastest growing segment | Super-premium |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 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, MEA region accounted for 6.5% of the global needle coke market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 5,899.2 million by 2030.
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Needle Coke Market Scope
Needle Coke Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Middle East & Africa 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 45.37% in 2023. Horizon Databook has segmented the Middle East & Africa needle coke market based on super-premium, premium-grade, intermediate grade covering the revenue growth of each sub-segment from 2018 to 2030.
Increasing vehicle parc (number of vehicles plying on the road) in the Middle East & rapid growth in the construction sector has generated high graphite demand. Increasing automobile sales in MEA has also contributed to product demand, since numerous companies are actively investing in advanced materials to support in-car electronics & other technologically advanced gadgets.
Manufacturers are also realizing the benefits of graphite for creating prototypes, models, interior components, industrial tools and other products in several end-use industries.
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Our clientele includes a mix of needle coke market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa needle coke market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa needle coke market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Middle East & Africa needle coke market
Middle East & Africa Needle Coke Market Outlook Share, 2023 & 2030 (US$M)
Middle East & Africa needle coke market
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