From GlobeNewswire: 2024-05-07 08:30:00

Custom Market Insights published a report on the Needle Coke Market, highlighting a projected growth from USD 2.8 billion in 2024 to USD 6.2 billion by 2033, with a 5.5% CAGR. Needle coke, derived from oil refining, is in high demand for lithium-ion batteries and graphite electrodes due to EV adoption and steel production. The petroleum-based segment holds the largest market share, driven by advancements in technology and sustainability concerns. The Asia-Pacific dominates the market, fueled by industrial growth, EV adoption, and major producers like Japan and South Korea. Phillips 66 partners with Faradion to advance anode materials for energy storage. The report includes a detailed analysis of market size, key players, trends, and regional dynamics.



Read more at GlobeNewswire: [Latest] Global Needle Coke Market Size/Share Worth USD 6.2