Dublin, Dec. 18, 2024 (GLOBE NEWSWIRE) -- The "Europe Needle Coke Market: Focus on Application, Type, Grade, End Use, and Country-Level Analysis - Analysis and Forecast, 2023-2033" report has been added to ResearchAndMarkets.com's offering.
The Europe needle coke market was valued at $636.9 million in 2023, and it is expected to grow at a CAGR of 6.31% and reach $1.17 billion by 2033
Infrastructure development, economic expansion, urbanization, industrialization, and the growing need for steel and electric vehicles all have an impact on the European market. However, issues like infrastructure constraints, economic instability, regulatory irregularities, and global uncertainty stand in the way of the region's further development.
An integral part of the worldwide petrochemical and energy industries, needle coke is mostly utilized in the manufacturing of electric arc furnace (EAF) electrodes and as a vital component of lithium-ion batteries and other high-performance goods. A high-purity carbon substance, needle coke is distinguished by its exceptional crystalline structure, which provides it with exceptional conductivity and stability in harsh environments. It is essential to the creation of graphite electrodes, which are used in EAFs to produce steel and are indispensable.
The growing need for steel, particularly in emerging nations, and the electric vehicle (EV) sector explosive expansion, which is driving up demand for lithium-ion batteries, are the main factors propelling the Europe needle coke market. Furthermore, the growing use of steelmaking in electric arc furnaces methods, which require high-quality electrodes, is further fueling market expansion.
The market is confronted with obstacles, nonetheless, including restricted production capacity, shifting raw material prices, and manufacturing-related environmental issues. Notwithstanding these obstacles, the market is anticipated to expand gradually due to the continuous development of technology, rising investments in the electric vehicle industry, and the growing trend toward cleaner and more effective energy sources.
Increasing manufacturing technologies, raising the quality of the material, and growing supply chains are the main goals of major companies in the needle coke market in order to satisfy demand worldwide.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 74 |
| Forecast Period | 2023 - 2033 |
| Estimated Market Value (USD) in 2023 | $636.9 Million |
| Forecasted Market Value (USD) by 2033 | $1170 Million |
| Compound Annual Growth Rate | 6.3% |
| Regions Covered | Europe |
Key Topics Covered:
1 Markets
1.1 Trends: Current and Future Impact Assessment
1.1.1 Trends: Overview
1.1.2 Surging Electric Vehicle Sales
1.1.3 Growing Demand for Solid-State Lithium-Metal Batteries
1.2 Supply Chain Overview
1.2.1 Value Chain Analysis
1.2.2 Market Map
1.3 Research and Development Review
1.3.1 Patent Filing Trend (by Number of Patents and Country)
1.4 Regulatory Landscape
1.5 Impact Analysis for Key Global Events - COVID-19 and Russia-Ukraine War
1.6 Recent Developments by Key Players in the Needle Coke Market
1.7 Market Dynamics Overview
1.7.1 Market Drivers
1.7.1.1 Carbon Reduction Mandates and Environmental Standards
1.7.1.2 Surging Demand for Graphite Electrodes
1.7.1.3 Growth in Aluminum Production
1.7.2 Market Challenges
1.7.2.1 Spiraling Raw Material Prices
1.7.2.2 Expansion of Production Capacity
1.7.3 Market Opportunities
1.7.3.1 Vertical Integration of Needle Coke Business
1.7.3.2 Evolution of Needle Coke in UHP Graphite Electrode Applications
2 Regions
2.1 Regional Summary
2.2 Europe
2.2.1 Regional Overview
2.2.2 Driving Factors for Market Growth
2.2.3 Factors Challenging the Market
2.2.4 Demand-Supply Analysis in Europe
2.2.5 Application
2.2.6 Product
2.2.7 Europe (by Country)
2.2.7.1 Germany
2.2.7.2 France
2.2.7.3 U.K.
2.2.7.4 Italy
2.2.7.5 Rest-of-Europe
3 Markets - Competitive Benchmarking & Company Profiles
3.1 Next Frontiers
3.2 Geographic Assessment
4 Research Methodology
For more information about this report visit https://www.researchandmarkets.com/r/36rcom
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