Some of the key market players operating across the needle coke industry are:
AMINCO RESOURCES LLC.
Bharat Petroleum Corporation Limited
BP p.l.c
Cenovus Inc. (Husky Energy)
Chevron Corporation
Cocan graphite
Exxon Mobil Corporation
Indian Oil Corporation Ltd
Marathon Petroleum Corporation
Oxbow Corporation
Reliance Industries Limited
Saudi Arabian Oil Company (Saudi Aramco)
Shamokin Carbons
Shell Plc
Valero
Authors:
Ankit Gupta, Shashank Sisodia
Frequently Asked Questions (FAQ) :
The market size of needle coke reached USD 6.4 billion in 2023 and is set to register 5.9% CAGR from 2024-2032, owing to its rising adoption as a fuel source in diverse industrial processes worldwide.
Needle coke industry from the fuel grade segment is expected to surpass USD 6.5 billion by 2032, due to innovations in production technologies, improving the yield and quality of needle petroleum coke.
Asia Pacific market is expected to reach over USD 5 billion by 2032, attributed to positive outlook toward aluminum and steel industries along with the rapid expansion and modernization of existing refineries in the region.
BP p.l.c, Exxon Mobil Corporation, Indian Oil Corporation Ltd, Marathon Petroleum Corporation, Oxbow Corporation, Reliance Industries Limited, Saudi Arabian Oil Company (Saudi Aramco), Shamokin Carbons, Shell Plc, and Valero, are some of the major needle coke companies worldwide.