U.S. Needle Coke Market Size & Outlook, 2024-2030
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U.S. needle coke market highlights
- The U.S. needle coke market generated a revenue of USD 501.7 million in 2023 and is expected to reach USD 830.6 million by 2030.
- The U.S. market is expected to grow at a CAGR of 7.5% 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 501.7 million |
| Market revenue in 2030 | USD 830.6 million |
| Growth rate | 7.5% (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, U.S. accounted for 11.0% 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 North America, U.S. needle coke market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 280.3 million by 2030.
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Needle Coke Market Scope
Needle Coke Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Sojitz Corp | View profile | 27815 | 1-1, Uchisaiwaicho 2-chome, Chiyoda-ku, Tokyo, Japan, 100-8691 | http://www.sojitz.com |
| Brookfield Corp Registered Shs -A- Limited Vtg | View profile | 240000 | 181 Bay Street, Suite 100, Brookfield Place, P.O. Box 762, Toronto, ON, Canada, M5J 2T3 | https://www.brookfield.com |
| Phillips 66 | View profile | 10001+ | Houston, Texas, United States, North America | http://www.phillips66.com/ |
| Asbury Carbons | View profile | 251-500 | Asbury, New Jersey, United States, North America | https://asbury.com |
| Indian Oil Corporation | View profile | 10001+ | New Delhi, Delhi, India, Asia | https://www.iocl.com/ |
| GrafTech International Ltd | View profile | 2007 | 982 Keynote Circle, Brooklyn Heights, Independence, OH, United States, 44131 | https://www.graftech.com |
| BAOSTEEL | View profile | 10001+ | Shanghai, Shanghai, China, Asia | http://www.baosteel.com/group_en/ |
| Mitsubishi Chemical Group Corp | View profile | 74632 | 1-1 Marunouchi 1-chome, Chiyoda-ku, Tokyo, Japan, 100-8251 | https://www.mcgc.com |
| Nippon Chemical Industrial | View profile | 501-1000 | Koto, Tokyo, Japan, Asia | https://www.nippon-chem.co.jp/ |
| Sumitomo Chemical Co Ltd | View profile | 37235 | 27-1, Shinkawa 2-chome, Chuo-ku, Tokyo, Japan, 104-8260 | http://www.sumitomo-chem.co.jp |
U.S. 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 45.31% in 2024. Horizon Databook has segmented the U.S. needle coke market based on super-premium, premium-grade, intermediate grade covering the revenue growth of each sub-segment from 2018 to 2030.
The North America needle coke industry has been positively influenced by the rapid growth of end-use industries. The region is one of the prominent markets for graphite and has witnessed rapid growth in past few years.
The industry has witnessed rising demand for high-performance graphite products, such as electrodes, lubricants and batteries used in electronics applications. Graphite is also being used in producing lithium-ion batteries, an important component of electric vehicles.
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Horizon Databook provides a detailed overview of country-level data and insights on the U.S. needle coke market , including forecasts for subscribers. This country databook contains high-level insights into U.S. needle coke market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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U.S. needle coke market size, by electrode, 2018-2030 (US$M)
U.S. Needle Coke Market Outlook Share, 2024 & 2030 (US$M)
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