A superior variety of petroleum coke called needle coke is used to make graphite electrodes for electric arc furnaces in the steel industry. With numerous significant factories operating there, the United States is one among the world’s top producers and users of needle coke. The rise in the usage of electric arc furnaces in the steel industry has recently been a major factor in the demand for needle coke in the United States. Compared to conventional blast furnaces, these furnaces use less energy and are less harmful to the environment, but they still need superior graphite electrodes manufactured from needle coke to function properly.
The three companies C-Chem Co., Ltd., ConocoPhillips, and Phillips 66 are the biggest manufacturers of needle coke in the United States. These businesses run a number of production sites around the nation and provide needle coke to domestic and foreign markets. Additionally, China, Japan, and other nations export considerable amounts of needle coke to the United States. However, the nation has been stepping up local production of needle coke in an effort to lessen its dependency on imports.
In recent years, the needle coke market in the United States has been characterized by tight supply and high prices due to strong demand from the steel industry. This has led to increased investment in needle coke production capacity, with several companies planning to build new manufacturing facilities in the coming years.
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Key findings of the Needle Coke market study:
Competitive landscape analysis
The report offers in-depth insights into competition prevailing in the market. It profiles companies in terms of tier 1, tier 2, and tier 3. Growth prospects for companies belonging to each of these tiers are studied in detail.
The survey also includes company share analysis to evaluate share held by these companies, respectively. It also underscores some of the winning strategies adopted by the market players. The impact of government regulations on strategies adopted by the market players are evaluated in details.
Some of the leading companies operating in the market are :
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Key Segments Covered in Needle Coke Industry Research
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