Needle Coke Market - Global Industry Analysis and Forecast (2019-2027)
The rapid growth of new energy vehicles increases consumption of needle coke in lithium battery anode material. The demand was about 80kt in 2017 and is predicted to surpass 250kt in 2026. Increasing demand for steel recycling is presumed to augment Needle Coke Market growth over the foreseeable future. Increasing petroleum-based needle coke demand globally is anticipated to fuel market growth over the forecast period. Uncertainty in the global crude oil and natural gas markets owing to demand & supply fluctuations is a major restraint for Needle Coke Market growth. Limited global DCC capacities coupled with technological limitations is expected to negatively affect needle coke market growth over the next few years.
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