Needle Coke Market Trends

Needle Coke Market Trends

Increasing product demand across steel & aluminum industry coupled with its adoption for the production of lithium-ion batteries are bolstering the product demand across the projected timeframe. The steel industry is one of the largest consumers of needle petroleum coke, which is used in the production of graphite electrodes for electric arc furnaces (EAFs). As steel production shifts increasingly toward EAF methods, driven by environmental regulations and the need for more efficient production processes, the demand for high-quality needle coke is expected to rise significantly.
 

In addition, with the rapid growth of the electric vehicle (EV) market and the broader energy storage sector, the demand for lithium-ion batteries is set to increase substantially. This expansion directly drives the need for needle petroleum coke, thereby contributing to the overall market growth.