Global Needle Coke for EV Batteries Market Growth 2023-2029

Global Needle Coke for EV Batteries Market Growth 2023-2029

The global Needle Coke for EV Batteries market size is projected to grow from US$ million in 2022 to US$ million in 2029; it is expected to grow at a CAGR of % from 2023 to 2029.

United States market for Needle Coke for EV Batteries is estimated to increase from US$ million in 2022 to US$ million by 2029, at a CAGR of % from 2023 through 2029.

China market for Needle Coke for EV Batteries is estimated to increase from US$ million in 2022 to US$ million by 2029, at a CAGR of % from 2023 through 2029.

Europe market for Needle Coke for EV Batteries is estimated to increase from US$ million in 2022 to US$ million by 2029, at a CAGR of % from 2023 through 2029.

Global key Needle Coke for EV Batteries players cover Phillips 66, GrafTech, Eneos, Sumitomo Corporation, CNPC Jinzhou Petrochemical, Sinopec, Shandong Yida New Materials, Liaoning Baolai and Shandong Jingyang, etc. In terms of revenue, the global two largest companies occupied for a share nearly % in 2022.

Needle coke is a type of high-quality petroleum coke that is predominantly used in the production of graphite electrodes for steel-making. However, with the rapid growth of the electric vehicle (EV) market, needle coke has become an essential material for manufacturing lithium-ion batteries for EVs.



Needle coke has a unique physical structure that makes it ideal for use in the production of graphite anodes for lithium-ion batteries. This type of coke is distinguished by its long, thin, and needle-like structure, which makes it highly conductive and durable. This structure allows it to withstand high temperatures and pressure, making it ideal for use in the high-performance batteries required for electric vehicles.



The demand for needle coke in the battery industry has increased significantly due to the growth of the EV market. According to industry estimates, the demand for needle coke for lithium-ion batteries is expected to grow at a CAGR of over 12% from 2021 to 2028. This growth is driven by the increasing demand for high-performance batteries, which require needle coke as a critical component.



The production of needle coke is a complex process that involves the conversion of heavy petroleum residues into high-quality coke through a process called delayed coking. The production process involves the removal of impurities, such as sulfur and metals, which can affect the quality of the coke. The resulting needle coke is then subjected to a series of heat treatments to improve its properties further.



In conclusion, needle coke is a critical component in the production of high-performance lithium-ion batteries for electric vehicles. Its unique physical structure and high conductivity make it an ideal material for use in the manufacturing of graphite anodes for EV batteries. As the demand for EVs continues to grow, the demand for needle coke is expected to rise significantly, highlighting its importance in the development of sustainable mobility solutions.

LPI (LP Information)' newest research report, the “Needle Coke for EV Batteries Industry Forecast” looks at past sales and reviews total world Needle Coke for EV Batteries sales in 2022, providing a comprehensive analysis by region and market sector of projected Needle Coke for EV Batteries sales for 2023 through 2029. With Needle Coke for EV Batteries sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Needle Coke for EV Batteries industry.

This Insight Report provides a comprehensive analysis of the global Needle Coke for EV Batteries landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Needle Coke for EV Batteries portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Needle Coke for EV Batteries market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Needle Coke for EV Batteries and breaks down the forecast by type, by source, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Needle Coke for EV Batteries.

This report presents a comprehensive overview, market shares, and growth opportunities of Needle Coke for EV Batteries market by product type, source, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
Sulfur Content <0.5%
Sulfur Content <1%
Other

Segmentation by source
Petroleum Based
Coal Based

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Phillips 66
GrafTech
Eneos
Sumitomo Corporation
CNPC Jinzhou Petrochemical
Sinopec
Shandong Yida New Materials
Liaoning Baolai
Shandong Jingyang
Weifang Fumei

Key Questions Addressed in this Report

What is the 10-year outlook for the global Needle Coke for EV Batteries market?

What factors are driving Needle Coke for EV Batteries market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Needle Coke for EV Batteries market opportunities vary by end market size?

How does Needle Coke for EV Batteries break out type, source?

What are the influences of COVID-19 and Russia-Ukraine war?



Please note: The report will take approximately 2 business days to prepare and deliver.