Global Needle Coke Market to Reach $5 Billion by 2030
The global market for Needle Coke estimated at US$4.1 Billion in the year 2023, is expected to reach US$5 Billion by 2030, growing at a CAGR of 2.8% over the period 2023-2030. Petroleum Derived Needle Coke, one of the segments analyzed in the report, is expected to record 3% CAGR and reach US$3.1 Billion by the end of the analysis period. Growth in the Coal Tar Pitch Derived Needle Coke segment is estimated at 2.5% CAGR for the next 7-year period.
The U.S. Market is Estimated at $1.1 Billion, While China is Forecast to Grow at 5% CAGR
The Needle Coke market in the U.S. is estimated at US$1.1 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$1.1 Billion by the year 2030 trailing a CAGR of 5% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 0.8% and 2% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 1.3% CAGR.
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